Palladyne AI Corp.

Palladyne AI Corp.

STRC

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Market Cap$29.41B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Palladyne AI Corp.Palladyne AI Corp.-4.3--46%94.70.2

Earnings Call Q1 2026

May 5, 2026 - AI Summary

Strong 2026 start (BTC per share growth + capital raised), but losses are largely non-cash - Holdings: 818,334 BTC (~3.9% of all BTC that will ever exist), positioning as the largest corporate holder. - Equity value: market cap $62B; STRC outstanding $8.5B. - Capital raised YTD 2026: ~$11.7B (about half common, half preferred/STRC); they stopped issuing convertible debt for capital raising. - Operating loss $14.5B, net loss $12.8B in Q1, mainly due to unrealized fair-value mark-to-market declines in BTC (management frames strategy as unchanged). - BTC per share: increased from 181,030 sats/share (May 2025) to 213,371 sats/share (May 2026) ≈ +18% YoY; YTD +9.4% BTC yield vs 22.8% full-year 2025 (suggesting momentum early in the year).
Balance sheet highlights: equity-heavy, modest net leverage; dividend continuity implied - Digital assets ended Q1 at $51.6B vs $58.9B at year-end; they still bought +89,599 BTC in Q1 despite volatility. - Debt: long-term debt $8.2B unchanged; equity $9B up (STRC issuance). - Net leverage: ~9%, framed as low vs peers; they claim a “10.8x BTC rating” (BTC reserve value / net debt). - Stress case they presented: even with a ~91% BTC price decline to ~$7,300/BTC, BTC reserve would still cover net debt at ~1x BTC rating. - USD cash reserve: ~$2.2–$2.25B; management argues this plus ongoing capital flexibility supports dividends.
Digital credit (STRC) is the growth engine—and they’re trying to make it more investor-friendly - STRC scale: preferred notional $8.5B; ~$375M/day trading; 30-day average volume about 25x the next largest preferred (liquidity differentiator). - Dividend yield for STRC: ~11.5% (raised from 9% earlier; flat for the last ~2 months per management due to reduced volatility). - Market/range: they cite STRC trading tightly around $99–$101 for multiple months. - Unexpected positive in a “bear” context: they claim STRC is trading near par and paying/increasing dividends even as BTC was down—positioning STRC as resilient credit tied to BTC rather than pure spot beta.

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$-27.46

Current Fair Value

129% downside

Overvalued by 129% based on the discounted cash flow analysis.

Share Statistics

Market cap$29.41 Billion
Enterprise Value$35.69 Billion
Dividend Yield$8.99 (-)
Earnings per Share$-13.89
Beta3.6
Outstanding Shares333,913,000

Return

Return on Equity-45.90%ROE
Return on Assets-38.60%
Return on Invested Capital0.27%

Valuation & Multiples

P/E Ratio-4.3P/E Ratio
PEG-0.02PEG
Price to Sales94.65Price to Sales
Price to Book Ratio0.7Price to Book Ratio
Enterprise Value to Revenue72.76
Enterprise Value to EBIT242.33
Enterprise Value to Net Income-2
Total Debt to Enterprise0.24
Debt to Equity0.19Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 6, 2026
EPS Estimate
$-20.29
Average shareholder expectation
Revenue Estimate
$120.75 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$23.68
Average shareholder expectation
Revenue Estimate
$119.50 M
Average shareholder expectation

Institutional Sentiment (Put/Call)

No data available for the latest quarter.

Institutional Ownership

No data available for the latest quarter.

ESG Score

No data

About Sarcos Technology and Robotics Corporation

Relevant Senate Committees

Joint Committee on Taxation

This committee's analysis and 'scoring' directly influence corporate tax structures, R&D credits, and capital investment incentives. These policies are vital for a manufacturing company like Palladyne AI, especially when investing in new AI technologies.

Finance

This committee controls corporate taxation and trade policy (tariffs, import/export duties), which are fundamental to a manufacturing company's profitability, supply chain costs, and overall competitiveness.

Appropriations

This committee directly controls the allocation of federal discretionary spending. If Palladyne AI secures government contracts (e.g., for defense, infrastructure, or scientific research), this committee's decisions directly determine the funding for those contracts.

Judiciary

For an AI-focused company like Palladyne AI, intellectual property protection (patents for AI algorithms and machinery designs) is crucial. This committee's oversight of antitrust laws could also impact growth strategies or market competition.

Armed Services

AI-integrated general-purpose machinery has significant dual-use potential for defense applications, from advanced manufacturing processes for military components to logistics. This committee's R&D funding and procurement decisions could directly impact revenue opportunities for Palladyne AI.

Small Business and Entrepreneurship

If Palladyne AI is a small or emerging business, especially one innovating with AI, this committee's influence on Small Business Administration (SBA) loan programs and R&D grants (SBIR) would be critical for its funding and growth opportunities.

Commerce, Science, and Transportation

This committee's broad jurisdiction over interstate commerce, science, and technology is highly relevant. It could regulate AI technologies, influence R&D funding for scientific advancements, and impact general business practices relevant to a manufacturing company.

Homeland Security and Governmental Affairs

As an AI-integrated manufacturing company, Palladyne AI could be involved in federal contracting and procurement. This committee's oversight of government efficiency and emerging risks like AI directly impacts potential revenue streams and regulatory landscape for advanced technology manufacturers.