Draganfly Inc. (DPRO)
Draganfly Inc. is a global provider specializing in the design, production, and distribution of commercial unmanned aerial vehicle (UAV) systems. Their product portfolio encompasses various aerial platforms, such as multi-rotor drones and fixed-wing aircraft, alongside ground-based robotic solutions and intuitive handheld control units. The company also develops proprietary software for functionalities including asset tracking, real-time video streaming, pilot training, and comprehensive data acquisition. Beyond hardware and software, Draganfly delivers bespoke engineering solutions, a range of training programs (including flight instruction), expert consultation for simulations, and advanced wireless video transmission systems. These cutting-edge offerings cater to a diverse array of critical sectors, including emergency services, agricultural operations, industrial facility inspections, security applications, and geospatial mapping and surveying. Draganfly, established in 1998, is headquartered in Saskatoon, Canada.
Sector: Aircraft
Industry: Aerospace & Defense
Draganfly Inc.
NASDAQ:DPROIndustrials · Aerospace & Defense
PrePre-market-1.52%$3.15
Close$3.19-1.38%AH$3.15-0.14%Now$3.15
Close$3.19+13.70%AH$3.15-0.14%since
Mkt Cap$125.06M
Float37.32M
O/S39.14M
Inst Own10.8%
SI10.9%
Dilution
Financials Summary
Revenue$5.5M
Net Income-$16.34M
Total Assets$72.08M
Free Cash Flow-$17.62M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$195K
Total Equity$68.67M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:25Reverse splitSep 5, 202425 shares → 1
Balance Sheet Details
Assets$72.08M
Liabilities$3.41M
Accounts Receivable$740K
Accounts Payable$474K
Inventory$2.77M
PP&E (Net)$1.01M
Goodwill$0
Intangible Assets$26K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $5.5M | $4.66M | $4.66M | $5.41M | $5.01M | $3.1M | $981K | $986K | $590K |
| YoY Growth | 17.8% | 0.1% | -13.8% | 7.8% | 61.7% | 216.1% | -0.5% | 67.2% | - |
| Cost of Revenue | $4.56M | $3.67M | $3.19M | $4.84M | $3.14M | $1.85M | $156K | $322K | $332K |
| Gross Profit | $939K | $994K | $1.47M | $562K | $1.88M | $1.25M | $826K | $664K | $258K |
| Gross Margin | 17.1% | 21.3% | 31.5% | 10.4% | 37.5% | 40.3% | 84.1% | 67.4% | 43.7% |
| Research and Development | $1.4M | $659K | $1.11M | $463K | $363K | $404K | $12K | $11K | $42K |
| Selling, General, and Administrative | $12.54M | $9.43M | $14.09M | $17.71M | $15M | $4.35M | $3.15M | $1.04M | $1.31M |
| Other | $1.78M | $1.39M | $2.35M | $1.52M | $2.1M | -$3.5M | $35K | $0 | $0 |
| Total Operating Expenses | $15.72M | $11.47M | $17.54M | $19.69M | $17.46M | $1.25M | $3.2M | $1.05M | $1.35M |
| Operating Income (EBIT) | -$14.78M | -$10.48M | -$16.07M | -$19.13M | -$15.58M | $0 | -$2.34M | -$413K | -$1.1M |
| Operating Margin | -268.9% | -224.7% | -345.0% | -353.8% | -310.8% | - | -238.2% | -41.9% | -185.8% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $16K | $122K | $103K | $233K |
| Interest Income | $774K | $76K | $59K | $32K | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$1.56M | $613K | -$711K | -$531K | $4.07M | -$5.7M | -$5.55M | -$15K | $433K |
| Income Before Tax (EBT) | -$16.34M | -$9.87M | -$16.79M | -$19.66M | -$11.52M | -$5.7M | -$7.89M | -$428K | -$663K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$16.34M | -$9.87M | -$16.79M | -$19.66M | -$11.52M | -$5.7M | -$7.89M | -$428K | -$663K |
| Net Income Margin | -297.3% | -211.5% | -360.2% | -363.6% | -229.7% | -183.7% | -803.7% | -43.4% | -112.4% |
| Supplementary Data | |||||||||
| EPS | -1.45 | -4.40 | -14.58 | -20.34 | -14.75 | -12.00 | -29.11 | -1.91 | -5.41 |
| Diluted EPS | -1.45 | -4.40 | -14.58 | -20.34 | -14.75 | -12.00 | -29.11 | -1.91 | -5.41 |
| Weighted Average OS | 15.72M | 3.16M | 1.62M | 1.34M | 1.11M | 662,327 | 381,184 | 314,759 | 172,225 |
| EBITDA | -$14.53M | -$10.07M | -$15.69M | -$18.58M | -$13.48M | -$5.89M | -$2.34M | -$297K | -$1.07M |
| EBITDA Margin | -264.4% | -215.9% | -336.6% | -343.6% | -268.9% | -190.0% | -238.2% | -30.2% | -181.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $64.09M | $4.44M | $2.2M | $5.61M | $16.4M | $1.41M | $1.73M | $72K | $93K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $0 | $0 |
| Cash and Short-Term Investments | $64.09M | $4.44M | $2.2M | $5.61M | $16.4M | $1.41M | $1.73M | $72K | $93K |
| Accounts Receivable | $740K | $408K | $462K | $1.61M | $1.14M | $576K | $104K | $70K | $45K |
| Inventory | $2.77M | $1.09M | $1.14M | $751K | $2.41M | $877K | $35K | $43K | $111K |
| Other Current Assets | $0 | $0 | $257K | $0 | $546K | $0 | $61K | $0 | $1K |
| Total Current Assets | $70.99M | $6.46M | $4.75M | $9.61M | $23.86M | $3.1M | $2.12M | $202K | $263K |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $1.01M | $641K | $997K | $533K | $544K | $212K | $174K | $39K | $54K |
| Goodwill | $0 | $0 | $0 | $0 | $4.22M | $1.54M | $0 | $0 | $0 |
| Intangible Assets | $26K | $32K | $40K | $128K | $422K | $195K | $985 | $8K | $25K |
| Long-Term Investments | $51K | $10K | $135K | $137K | $207K | $0 | $0 | $109K | $109K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$109K | -$114K |
| Other Long-Term Assets | $0 | $111K | $0 | $0 | $685K | $0 | $0 | $109K | $109K |
| Total Long-Term Assets | $1.09M | $794K | $1.17M | $798K | $6.08M | $1.95M | $175K | $157K | $183K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $72.08M | $7.25M | $5.92M | $10.41M | $29.94M | $5.05M | $2.29M | $359K | $445K |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $474K | $434K | $895K | $534K | $258K | $579K | $489K | $1.13M | $1.03M |
| Short-Term Debt | $0 | $0 | $60K | $58K | $5K | $45K | $31K | $1.46M | $1.2M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $15K | $0 | $0 | $0 |
| Current Unearned Revenue | $414K | $345K | $83K | $184K | $174K | $274K | $0 | $0 | $0 |
| Other Current Liabilities | $350K | $1.56M | $3.01M | $41K | $3.98M | $532K | -$555 | $630K | $675K |
| Total Current Liabilities | $3.28M | $3.72M | $5.26M | $2.38M | $4.78M | $2.24M | $666K | $3.3M | $2.96M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $0 | $0 | $0 | $4K | $62K | $25K | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $32K | $48K | $68K | $0 | $0 | $4K | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $124K | $243K | $372K | $178K | $331K | $75K | $66K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.41M | $3.97M | $5.63M | $2.56M | $5.11M | $2.31M | $733K | $3.3M | $2.96M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $163.3M | $78.73M | $69.01M | $59.43M | $57.61M | $26.26M | $19.75M | $8.93M | $8.92M |
| Retained Earnings | -$99.85M | -$83.51M | -$73.64M | -$56.86M | -$37.2M | -$25.68M | -$19.98M | -$12.5M | -$12.3M |
| Comprehensive Income & Other | -$92K | -$92K | $4.92M | $109K | -$139K | $74 | $1.78M | $627K | $864K |
| Other Stockholders' Equity | $5.22M | $8.07M | $4.92M | $5.27M | $4.41M | $2.15M | $1.78M | $627K | $864K |
| Total Equity | $68.67M | $3.29M | $290K | $7.85M | $24.83M | $2.74M | $1.56M | -$2.94M | -$2.51M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $72.08M | $7.25M | $5.92M | $10.41M | $29.94M | $5.05M | $2.29M | $359K | $445K |
| Supplementary Data | |||||||||
| Total Debt | $195K | $304K | $622K | $331K | $414K | $182K | $97K | $1.46M | $1.2M |
| Net Debt | -$63.9M | -$4.14M | -$1.58M | -$5.28M | -$15.99M | -$1.23M | -$1.63M | $1.39M | $1.11M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | -$16.32M | -$9.87M | -$16.79M | -$19.66M | -$11.52M | -$5.7M | -$7.89M | -$428K | -$672K |
| Depreciation & Amortization | $246K | $410K | $389K | $549K | $221K | $109K | $35K | $27K | $25K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$1.9M | $560K | -$162K | $0 | $0 |
| Stock-Based Compensation | $987K | $841K | $1.44M | $2.35M | $2.81M | $1.83M | $541K | $0 | $46K |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$286K | -$189K | $870K | -$485K | -$424K | -$1.05M | -$90K | -$25K | $309K |
| Inventory | -$1.83M | -$400K | -$620K | -$107K | -$1.53M | -$395K | $9K | $67K | $46K |
| Accounts Payable | $971K | $0 | -$121K | $0 | -$742K | $915K | -$715K | $71K | $85K |
| Other Working Capital | -$2.81M | $516K | $445K | $3.29M | -$2.53M | $103K | -$177K | -$2K | -$6K |
| Total Working Capital Change | -$3.96M | -$73K | $573K | $2.69M | -$5.23M | -$430K | -$973K | $112K | $434K |
| Other Non-Cash Items | $2.09M | $275K | $1.04M | $2.44M | -$18K | -$18K | $5.68M | $103K | -$422K |
| Net Cash from Operating | -$16.96M | -$8.41M | -$13.35M | -$11.62M | -$15.64M | -$3.65M | -$2.76M | -$186K | -$590K |
| Investing Activities | |||||||||
| Capital Expenditures | -$656K | -$119K | -$349K | -$57K | -$151K | -$17K | -$62K | -$9K | -$845 |
| Acquisitions | $0 | $0 | $33K | $0 | -$332K | -$325K | $20K | $8K | $105 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$443K | -$384K | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $709K | $0 | $0 | $0 |
| Other Investing Activities | $49K | $102K | $45K | $603K | -$1.42M | $384K | $22K | $0 | $678K |
| Net Cash from Investing | -$606K | -$17K | -$270K | $546K | -$2.35M | $367K | -$20K | -$1K | $677K |
| Financing Activities | |||||||||
| Debt Repaid | $110K | $315K | $240K | $112K | $84K | $108K | $28K | - | $374K |
| Common Stock Issuance | $77.58M | $12.89M | $12.42M | $81K | $31.46M | $1.44M | $4.65M | $284 | $145K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $90 | -$1.89M | -$1.91M | -$4K | $1.51M | $1.64M | $0 | $0 | $90K |
| Net Cash from Financing | $77.47M | $10.68M | $10.27M | -$34K | $32.89M | $2.97M | $4.45M | $168K | -$139K |
| Forex Effect | -$99K | -$7K | -$67K | $318K | $97K | $74 | -$16K | -$627 | -$4K |
| Net Change in Cash | $59.8M | $2.25M | -$3.41M | -$10.79M | $15M | -$318K | $1.65M | -$20K | -$55K |
| Supplementary Data | |||||||||
| Operating Cash Flow | -$16.96M | -$8.41M | -$13.35M | -$11.62M | -$15.64M | -$3.65M | -$2.76M | -$186K | -$590K |
| Capital Expenditure | -$656K | -$119K | -$349K | -$60K | -$151K | -$17K | -$62K | -$9K | -$845 |
| Free Cash Flow | -$17.62M | -$8.53M | -$13.7M | -$11.68M | -$15.79M | -$3.67M | -$2.83M | -$195K | -$590K |
| Cash at Beginning | $4.24M | $2.2M | $5.61M | $16.4M | $1.41M | $1.73M | $72K | $93K | $148K |
| Cash at End | $64.04M | $4.44M | $2.2M | $5.61M | $16.4M | $1.41M | $1.73M | $72K | $93K |