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DPRO

Draganfly Inc.

DPRO

Draganfly Inc. • NASDAQ
$7.31 ▲ 0.00% (+0.00)
Market Cap $38.21 M
52w High $14.40
52w Low $1.63
Dividend Yield 0%
P/E -4.48
Volume 861.74K
Outstanding Shares 5.23M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.156M ▲ $5.347M ▲ $-5.17M ▼ -239.787% ▼ $-0.25 ▲ $-4.838M ▼
Q2-2025 $2.115M ▲ $4.974M ▲ $-4.762M ▼ -225.134% ▼ $-1.51 ▼ $-4.394M ▼
Q1-2025 $1.548M ▼ $3.911M ▼ $-3.425M ▲ -221.283% ▲ $-1.08 ▲ $-3.523M ▲
Q4-2024 $1.613M ▼ $4.086M ▼ $-4.722M ▼ -292.712% ▼ $-1.45 ▼ $-3.725M ▼
Q3-2024 $1.885M $4.125M $-200.194K -10.619% $-0.06 $-3.542M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $69.881M ▲ $77.081M ▲ $6.649M ▲ $70.432M ▲
Q2-2025 $22.571M ▲ $28.453M ▲ $5.467M ▲ $22.986M ▲
Q1-2025 $2.126M ▼ $6.919M ▼ $5.442M ▼ $1.477M ▼
Q4-2024 $6.252M ▲ $10.2M ▲ $5.578M ▲ $4.622M ▲
Q3-2024 $3.998M $8.529M $4.168M $4.361M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-5.17M ▼ $-4.704M ▲ $-337.968K ▼ $51.319M ▲ $47.31M ▲ $-5.078M ▲
Q2-2025 $-4.762M ▼ $-5.365M ▼ $-12.68K ▼ $25.817M ▲ $20.445M ▲ $-5.386M ▼
Q1-2025 $-3.425M ▲ $-4.067M ▼ $-6.476K ▲ $-37.124K ▼ $-4.126M ▼ $-4.099M ▼
Q4-2024 $-4.722M ▼ $-2.231M ▲ $-72.635K ▼ $4.553M ▲ $2.255M ▲ $-2.325M ▲
Q3-2024 $-200.194K $-3.202M $12.985K $1.895M $-1.293M $-3.227M

Five-Year Company Overview

Income Statement

Income Statement Draganfly’s income statement looks like that of a very small, early-stage company. Revenue has been low and fairly flat, suggesting that commercial traction is still limited. The company has been running at a loss every year, with operating and net losses driven by overhead, R&D, and go‑to‑market spending that are large relative to its small revenue base. Losses appear to be narrowing somewhat recently but remain meaningful, and the path to break-even depends heavily on scaling sales rather than cutting a bit of cost. Reverse stock splits also make past per‑share losses look very large, underlining how much value has been consumed while the business is still trying to mature.

Balance Sheet

Balance Sheet The balance sheet is very light, with modest total assets and a small cash cushion, especially compared with the history of losses. On the positive side, the company carries essentially no financial debt, which reduces repayment risk. On the negative side, equity has been chipped away by years of losses, leaving a thin capital base and limited room to absorb further setbacks. The repeated reverse splits signal that a lot of new shares were likely issued over time to fund operations, diluting existing holders and showing that internal capital generation has been weak.

Cash Flow

Cash Flow Cash flow tells a consistent story: the core business consumes cash rather than generating it. Operating cash flow has been negative for multiple years, closely mirroring the accounting losses, which means the company has not yet built a self‑funding model. Capital spending has been minimal, which keeps cash burn lower but may also mean limited investment capacity without external funding. Overall, Draganfly appears reliant on raising capital from investors or partners to sustain operations and R&D until revenue meaningfully scales.

Competitive Edge

Competitive Edge Competitively, Draganfly occupies a defined niche in professional and defense‑oriented drone solutions rather than mass‑market consumer drones. Its long operating history, focus on public safety and defense, and North American, NDAA‑compliant manufacturing are important differentiators in markets where security and supply chain trust matter. Partnerships with defense contractors and AI firms strengthen its positioning. However, the company is very small relative to global drone manufacturers and major defense primes, which have deeper resources, larger sales networks, and broader product lines. Draganfly’s success likely hinges on winning and retaining specialized, higher‑trust contracts rather than trying to compete head‑on on price or scale.

Innovation and R&D

Innovation and R&D Innovation is clearly a core strength. The company has developed specialized platforms (such as heavy‑lift and hybrid‑powered drones), AI‑driven health and analytics tools, long‑range LiDAR systems, and patented VTOL cargo and power technologies. Its patent portfolio and focus on autonomy, swarming, and hybrid propulsion show a forward‑looking R&D agenda. Collaborations on demining, border security, and advanced autonomy suggest it is targeting complex, high‑value use cases rather than simple aerial photography. The flip side is that this innovation is expensive to maintain, and the key question is whether these technologies can be commercialized at sufficient scale to justify the ongoing R&D spend.

Summary

Taken together, Draganfly looks like a highly innovative but financially fragile micro‑cap aerospace and defense player. The company has real technical depth, a long history in drones, and a differentiated focus on secure, mission‑critical applications for defense and public safety. Strategic partnerships and NDAA‑compliant North American manufacturing give it a credible niche in a market increasingly sensitive to security and origin of equipment. At the same time, the business remains very small, with persistent losses, negative cash flow, a light balance sheet, and a track record of needing external capital, as reflected in repeated reverse stock splits. The future will likely be driven by its ability to turn its technology and contracts into durable, growing revenue streams before financial constraints limit its options, making outcomes highly dependent on execution and contract wins over the next few years.

NEWS

November 18, 2025 · 8:30 AM UTC

Draganfly Outrider™ Border Drone Demonstrates Mission Success on the Southern Border with U.S. Law Enforcement — Drives Multi-Agency Procurement Interest

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November 13, 2025 · 8:30 AM UTC

Draganfly Secures Second Major Order from Fortune 50 Telecommunications Company to Expand NDAA-Compliant Heavy Lift Drone Fleet

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November 12, 2025 · 5:10 PM UTC

Draganfly Announces Third Quarter Results of 2025

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November 7, 2025 · 9:00 AM UTC

Draganfly to Host Shareholder Update Call on November 12, 2025

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October 21, 2025 · 9:00 AM UTC

Palladyne AI and Draganfly Inc. to Collaborate to Enable Advanced Autonomous Operations and Swarming Capabilities on Draganfly UAV Platforms

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