Draganfly Inc. (DPRO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Draganfly Inc. (DPRO) stock price & volume — 10-year historical chart
Draganfly Inc. (DPRO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Draganfly Inc. (DPRO) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Nov 12, 2025 | $0.18vs $0.19+5.3% | $2Mvs $3M-44.5% |
| Q3 2025 | Aug 11, 2025 | $0.44vs $0.46+4.3% | $2Mvs $2M-30.7% |
| Q2 2025 | May 8, 2025 | $0.44vs $0.48+8.3% | $2Mvs $2M-30.9% |
| Q2 2025 | Mar 27, 2025 | $0.79vs $0.65-21.5% | $1Mvs $2M-53.7% |
Draganfly Inc. (DPRO) competitors in Drones, Autonomy and eVTOL — business model, growth, and fundamentals comparison
Draganfly Inc. (DPRO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Draganfly Inc. (DPRO) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 829.39K | 1.39M | 1.38M | 4.36M | 7.05M | 7.61M | 6.55M | 6.56M | 7.43M |
| Revenue Growth % | - | 67.23% | -0.47% | 216.1% | 61.66% | 7.81% | -13.81% | 0.09% | 26.74% |
| Cost of Goods Sold | 466.59K | 452.4K | 218.8K | 2.6M | 4.41M | 6.81M | 4.49M | 5.16M | 5.98M |
| COGS % of Revenue | 56.26% | 32.62% | 15.85% | 59.67% | 62.53% | 89.6% | 68.51% | 78.69% | - |
| Gross Profit | 362.8K▲ 0% | 934.61K▲ 157.6% | 1.16M▲ 24.3% | 1.76M▲ 51.5% | 2.64M▲ 50.2% | 790.67K▼ 70.1% | 2.06M▲ 161.1% | 1.4M▼ 32.3% | 1.45M▲ 0% |
| Gross Margin % | 43.74% | 67.38% | 84.15% | 40.33% | 37.47% | 10.4% | 31.49% | 21.31% | 19.53% |
| Gross Profit Growth % | - | 157.61% | 24.29% | 51.48% | 50.21% | -70.09% | 161.06% | -32.26% | - |
| Operating Expenses | 1.9M | 1.52M | 4.5M | 10.23M | 21.9M | 27.7M | 2.06M | 16.14M | 18.32M |
| OpEx % of Revenue | 229.5% | 109.27% | 325.97% | 234.52% | 310.43% | 364.21% | 31.49% | 245.96% | - |
| Selling, General & Admin | 1.84M | 1.46M | 4.43M | 9.53M | 19.67M | 26.28M | 19.81M | 13.26M | 14.77M |
| SG&A % of Revenue | 222.32% | 105.36% | 321.15% | 218.49% | 278.79% | 345.51% | 302.27% | 202.09% | - |
| Research & Development | 59.51K | 16.16K | 16.88K | 568K | 510.89K | 651.3K | 1.55M | 927.41K | 876.61K |
| R&D % of Revenue | 7.17% | 1.16% | 1.22% | 13.02% | 7.24% | 8.56% | 23.72% | 14.14% | - |
| Other Operating Expenses | 0 | 121.49K | 49.64K | 131.54K | 286.92K | 770.31K | 0 | 1.95M | 2.67M |
| Operating Income | -1.54M▲ 0% | -580.91K▲ 62.3% | -3.34M▼ 474.6% | -7.12M▼ 113.2% | -22.3M▼ 213.2% | -26.15M▼ 17.3% | -22.39M▲ 14.4% | -14.74M▲ 34.2% | -16.87M▲ 0% |
| Operating Margin % | -185.75% | -41.88% | -241.82% | -163.13% | -316.07% | -343.87% | -341.65% | -224.65% | -226.94% |
| Operating Income Growth % | - | 62.29% | -474.64% | -113.23% | -213.22% | -17.3% | 14.37% | 34.18% | - |
| EBITDA | -1.51M | -542.86K | -3.29M | -6.97M | -21.98M | -25.38M | -21.85M | -14.53M | -16.48M |
| EBITDA Margin % | -181.57% | -39.14% | -238.23% | -159.63% | -311.66% | -333.71% | -333.31% | -221.47% | -221.75% |
| EBITDA Growth % | - | 63.95% | -505.78% | -111.81% | -215.61% | -15.44% | 13.91% | 33.49% | -27.81% |
| D&A (Non-Cash Add-back) | 34.74K | 38.05K | 49.64K | 152.63K | 311.06K | 772.76K | 546.64K | 208.97K | 385.76K |
| EBIT | -1.54M | -456.46K | -3.34M | -8.02M | -19.25M | -26.91M | -22.61M | -14.11M | -16.87M |
| Net Interest Income | 0 | -145.27K | -171.91K | -23.12K | 5.07K | 44.34K | 83.28K | 107.22K | 432.28K |
| Interest Income | 322.83K | 0 | 0 | 0 | 5.07K | 44.34K | 83.28K | 107.22K | 432.28K |
| Interest Expense | 0 | 145.27K | 171.91K | 23.12K | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 608.61K | -20.81K | -7.76M | 427.44K | 5.72M | -746.86K | -1.22M | 862.02K | -1.21M |
| Pretax Income | -932.02K▲ 0% | -601.73K▲ 35.4% | -11.1M▼ 1743.9% | -8.02M▲ 27.8% | -16.2M▼ 102.1% | -27.65M▼ 70.7% | -23.61M▲ 14.6% | -13.88M▲ 41.2% | -18.08M▲ 0% |
| Pretax Margin % | -112.37% | -43.38% | -803.74% | -183.7% | -229.7% | -363.63% | -360.22% | -211.51% | -243.25% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -932.02K▲ 0% | -601.73K▲ 35.4% | -11.27M▼ 1772.4% | -9.39M▲ 16.6% | -13.16M▼ 40.0% | -29.16M▼ 121.6% | -23.61M▲ 19.0% | -13.88M▲ 41.2% | -18.08M▲ 0% |
| Net Margin % | -112.37% | -43.38% | -816.19% | -215.3% | -186.52% | -383.39% | -360.22% | -211.51% | -243.25% |
| Net Income Growth % | - | 35.44% | -1772.43% | 16.62% | -40.05% | -121.61% | 19.02% | 41.23% | -35.48% |
| Net Income (Continuing) | -932.02K | -601.73K | -11.1M | -8.02M | -16.2M | -27.65M | -23.61M | -13.88M | -18.08M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -5.41▲ 0% | -1.91▲ 64.7% | -29.56▼ 1447.6% | -14.18▲ 52.0% | -11.84▲ 16.5% | -21.72▼ 83.4% | -13.99▲ 35.6% | -4.40▲ 68.5% | -0.88▲ 0% |
| EPS Growth % | - | 64.7% | -1447.64% | 52.03% | 16.5% | -83.45% | 35.59% | 68.55% | 23.8% |
| EPS (Basic) | -5.41 | -1.91 | -29.56 | -14.18 | -11.84 | -21.72 | -14.00 | -4.40 | - |
| Diluted Shares Outstanding | 172.22K | 314.76K | 381.18K | 662.33K | 1.11M | 1.34M | 1.69M | 3.16M | 20.56M |
| Basic Shares Outstanding | 172.22K | 314.76K | 381.18K | 662.33K | 1.11M | 1.34M | 1.69M | 3.16M | 20.56M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Draganfly Inc. (DPRO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 369.38K | 284.17K | 2.98M | 4.36M | 33.56M | 13.52M | 6.68M | 9.08M | 75.98M |
| Cash & Short-Term Investments | 130.22K | 101.79K | 2.43M | 1.98M | 23.08M | 7.89M | 3.09M | 6.25M | 69.88M |
| Cash Only | 130.22K | 101.79K | 2.43M | 1.98M | 23.08M | 7.89M | 3.09M | 6.25M | 69.88M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 62.74K | 97.9K | 224.69K | 810.79K | 1.6M | 2.26M | 649.61K | 573.39K | 1.25M |
| Days Sales Outstanding | 27.61 | 25.76 | 59.41 | 67.82 | 82.65 | 108.38 | 36.17 | 31.9 | 43.35 |
| Inventory | 155.95K | 61.19K | 48.56K | 1.23M | 3.39M | 1.06M | 1.6M | 1.53M | 2.93M |
| Days Inventory Outstanding | 121.99 | 49.36 | 81.01 | 172.92 | 280.6 | 56.56 | 129.76 | 108.33 | 137.43 |
| Other Current Assets | 1.68K | 0 | 6.97K | 136.67K | 768.03K | 382.28K | 361.65K | 241.47K | 0 |
| Total Non-Current Assets | 256.93K | 220.65K | 246.52K | 2.74M | 8.55M | 1.12M | 1.65M | 1.12M | 1.11M |
| Property, Plant & Equipment | 75.92K | 55.18K | 245.13K | 298.29K | 765.15K | 749.44K | 1.4M | 901.89K | 1.05M |
| Fixed Asset Turnover | 10.92x | 25.14x | 5.63x | 14.63x | 9.22x | 10.15x | 4.67x | 7.27x | 8.31x |
| Goodwill | 0 | 0 | 0 | 2.17M | 5.94M | 0 | 0 | 0 | 0 |
| Intangible Assets | 34.46K | 11.91K | 1.39K | 273.87K | 593.9K | 179.8K | 56.43K | 45.14K | 38.37K |
| Long-Term Investments | 153.57K | 153.57K | 0 | 0 | 291.07K | 192.58K | 189.4K | 14.29K | 85.74K |
| Other Non-Current Assets | 153.57K | 153.57K | -246.52K | -2.74M | 964.01K | -1.12M | 0 | 156.2K | 312.4K |
| Total Assets | 626.31K▲ 0% | 504.82K▼ 19.4% | 3.22M▲ 538.2% | 7.1M▲ 120.4% | 42.11M▲ 493.1% | 14.64M▼ 65.2% | 8.33M▼ 43.1% | 10.2M▲ 22.4% | 77.08M▲ 0% |
| Asset Turnover | 1.32x | 2.75x | 0.43x | 0.61x | 0.17x | 0.52x | 0.79x | 0.64x | 0.24x |
| Asset Growth % | - | -19.4% | 538.2% | 120.39% | 493.1% | -65.24% | -43.09% | 22.45% | 990.57% |
| Total Current Liabilities | 4.16M | 4.64M | 937.36K | 3.15M | 6.72M | 3.35M | 7.4M | 5.24M | 6.44M |
| Accounts Payable | 1.45M | 1.59M | 688.31K | 813.88K | 362.89K | 751.42K | 1.26M | 609.87K | 801.6K |
| Days Payables Outstanding | 1.13K | 1.29K | 1.15K | 114.08 | 30.03 | 40.25 | 102.38 | 43.12 | 46.75 |
| Short-Term Debt | 1.69M | 2.05M | 0 | 62.98K | 6.75K | 81.51K | 85.06K | 0 | 0 |
| Deferred Revenue (Current) | 0 | 33.71K | 33.71K | 385.45K | 245.42K | 258.45K | 0 | 484.84K | 1.47M |
| Other Current Liabilities | 949.75K | 852.78K | 43.39K | 1.17M | 5.84M | 349.47K | 4.35M | 2.2M | 3.04M |
| Current Ratio | 0.09x | 0.06x | 3.17x | 1.39x | 4.99x | 4.04x | 0.90x | 1.73x | 1.73x |
| Quick Ratio | 0.05x | 0.05x | 3.12x | 0.99x | 4.49x | 3.72x | 0.69x | 1.44x | 1.44x |
| Cash Conversion Cycle | -983.98 | -1.21K | -1.01K | 126.66 | 333.22 | 124.7 | 63.56 | 97.11 | 134.03 |
| Total Non-Current Liabilities | 0 | 0 | 93.07K | 104.89K | 465.21K | 249.74K | 523.58K | 342.01K | 212.72K |
| Long-Term Debt | 0 | 0 | 0 | 34.94K | 86.57K | 5.06K | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 93.07K | 64.89K | 378.64K | 244.68K | 428.02K | 273.87K | 864.19K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 4.16M | 4.64M | 1.03M | 3.25M | 7.19M | 3.6M | 7.92M | 5.58M | 6.65M |
| Total Debt | 1.69M | 2.05M | 136.07K | 256.04K | 582.44K | 465.21K | 875.08K | 428.02K | 313.85K |
| Net Debt | 1.56M | 1.95M | -2.29M | -1.73M | -22.49M | -7.43M | -2.22M | -5.82M | -69.57M |
| Debt / Equity | - | - | 0.06x | 0.07x | 0.02x | 0.04x | 2.15x | 0.09x | 0.09x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | -0.02x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | 4.22x |
| Interest Coverage | - | -4.00x | -19.42x | -307.92x | - | - | - | - | - |
| Total Equity | -3.53M▲ 0% | -4.13M▼ 17.0% | 2.19M▲ 153.0% | 3.85M▲ 75.6% | 34.93M▲ 807.6% | 11.04M▼ 68.4% | 407.72K▼ 96.3% | 4.62M▲ 1033.6% | 70.43M▲ 0% |
| Equity Growth % | - | -17.03% | 153.03% | 75.61% | 807.6% | -68.39% | -96.31% | 1033.58% | 3513.21% |
| Book Value per Share | -20.50 | -13.13 | 5.75 | 5.81 | 31.42 | 8.23 | 0.24 | 1.46 | 3.43 |
| Total Shareholders' Equity | -3.53M | -4.13M | 2.19M | 3.85M | 34.93M | 11.04M | 407.72K | 4.62M | 70.43M |
| Common Stock | 12.55M | 12.56M | 27.79M | 36.94M | 81.04M | 83.6M | 97.07M | 110.74M | 188.4M |
| Retained Earnings | -17.3M | -17.58M | -28.1M | -36.12M | -52.32M | -79.98M | -103.59M | -117.47M | -130.82M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.22M | 882.18K | 2.51M | 3.02M | -196.06K | 153K | 6.93M | -130.1K | -381.67K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Draganfly Inc. (DPRO) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -829.3K | -261.56K | -3.89M | -5.14M | -22M | -16.35M | -18.77M | -11.83M | -11.83M |
| Operating CF Margin % | -99.99% | -18.86% | -281.65% | -117.75% | -311.95% | -214.98% | -286.41% | -180.37% | - |
| Operating CF Growth % | - | 68.46% | -1386.47% | -32.15% | -328.27% | 25.7% | -14.83% | 36.96% | -894.93% |
| Net Income | -932.02K | -601.73K | -11.1M | -8.02M | -16.2M | -27.65M | -23.61M | -13.88M | -18.08M |
| Depreciation & Amortization | 34.74K | 38.05K | 49.64K | 152.63K | 311.06K | 772.76K | 546.64K | 577.09K | 385.76K |
| Stock-Based Compensation | 64.56K | 0 | 761.56K | 2.57M | 3.95M | 3.31M | 2.02M | 1.18M | 1.42M |
| Deferred Taxes | 0 | 0 | -227.63K | 787.51K | -2.68M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -1.09M | 145.27K | 7.99M | -125.68K | -25.07K | 3.43M | 1.46M | 386.27K | 3.71M |
| Working Capital Changes | 610.17K | 156.85K | -1.37M | -605.15K | -7.36M | 3.79M | 805.86K | -102.77K | -3.81M |
| Change in Receivables | 434.05K | -35.15K | -126.8K | -1.48M | -596.34K | -681.84K | 1.22M | -266.42K | -413.74K |
| Change in Inventory | 64.74K | 94.76K | 12.62K | -555.37K | -2.16M | -150.24K | -872.26K | -562.83K | -1.88M |
| Change in Payables | 119.59K | 100.07K | -1.01M | 1.29M | -1.04M | 1.66M | -170.78K | 0 | 0 |
| Cash from Investing | 952.81K | -1.78K | -27.75K | 516.42K | -3.31M | 768.65K | -379.58K | -23.31K | -429.76K |
| Capital Expenditures | -1.19K | -12.54K | -87.78K | -23.89K | -212.58K | -84.4K | -490.39K | -167.26K | -521K |
| CapEx % of Revenue | 0.14% | 0.9% | 6.36% | 0.55% | 3.01% | 1.11% | 7.48% | 2.55% | - |
| Acquisitions | 148 | 10.76K | 28.54K | -457.41K | -466.64K | 10.76K | 46.98K | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 953.85K | 10.76K | 31.5K | 540.31K | -2M | 842.3K | 63.84K | 143.94K | 91.24K |
| Cash from Financing | -194.97K | 235.79K | 6.27M | 4.17M | 46.27M | -48.1K | 14.45M | 15.03M | 81.65M |
| Debt Issued (Net) | -525.77K | 0 | -268.92K | -151.28K | -117.74K | -157.02K | -336.91K | -442.84K | -213.82K |
| Equity Issued (Net) | 0 | 400 | 6.53M | 2.02M | 44.26M | 0 | 17.47M | 17.75M | 63.55M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 330.8K | 235.39K | 0 | 2.3M | 2.13M | 108.92K | -2.69M | -2.28M | 18.32M |
| Net Change in Cash | -77.37K▲ 0% | -28.43K▲ 63.3% | 2.33M▲ 8287.4% | -446.96K▼ 119.2% | 21.09M▲ 4819.3% | -15.18M▼ 172.0% | -4.8M▲ 68.4% | 3.16M▲ 165.8% | 65.88M▲ 0% |
| Free Cash Flow | -830.49K▲ 0% | -274.09K▲ 67.0% | -3.98M▼ 1350.5% | -5.16M▼ 29.8% | -22.22M▼ 330.4% | -16.43M▲ 26.0% | -19.26M▼ 17.2% | -12M▲ 37.7% | -16.89M▲ 0% |
| FCF Margin % | -100.13% | -19.76% | -288.01% | -118.3% | -314.97% | -216.09% | -293.89% | -182.92% | -227.23% |
| FCF Growth % | - | 67% | -1350.52% | -29.84% | -330.4% | 26.03% | -17.22% | 37.7% | -79.4% |
| FCF per Share | -4.82 | -0.87 | -10.43 | -7.79 | -19.99 | -12.24 | -11.41 | -3.80 | -3.80 |
| FCF Conversion (FCF/Net Income) | 0.89x | 0.43x | 0.35x | 0.55x | 1.67x | 0.56x | 0.80x | 0.85x | 0.93x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67.86K | 62.25K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Draganfly Inc. (DPRO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -514.16% | -311.1% | -67.86% | -126.86% | -412.48% | -551.84% | -72.67% |
| Return on Invested Capital (ROIC) | - | - | -528.6% | -229.77% | -244.5% | -1865.72% | - | -29577.08% |
| Gross Margin | 67.38% | 84.15% | 40.33% | 37.47% | 10.4% | 31.49% | 21.31% | 19.53% |
| Net Margin | -43.38% | -816.19% | -215.3% | -186.52% | -383.39% | -360.22% | -211.51% | -243.25% |
| Debt / Equity | - | 0.06x | 0.07x | 0.02x | 0.04x | 2.15x | 0.09x | 0.09x |
| Interest Coverage | -4.00x | -19.42x | -307.92x | - | - | - | - | - |
| FCF Conversion | 0.43x | 0.35x | 0.55x | 1.67x | 0.56x | 0.80x | 0.85x | 0.93x |
| Revenue Growth | 67.23% | -0.47% | 216.1% | 61.66% | 7.81% | -13.81% | 0.09% | 26.74% |
Draganfly Inc. (DPRO) stock FAQ — growth, dividends, profitability & financials explained
Draganfly Inc. (DPRO) reported $7.4M in revenue for fiscal year 2024. This represents a 796% increase from $0.8M in 2017.
Draganfly Inc. (DPRO) grew revenue by 0.1% over the past year. Growth has been modest.
Draganfly Inc. (DPRO) reported a net loss of $18.1M for fiscal year 2024.
Draganfly Inc. (DPRO) has a return on equity (ROE) of -551.8%. Negative ROE indicates the company is unprofitable.
Draganfly Inc. (DPRO) had negative free cash flow of $16.9M in fiscal year 2024, likely due to heavy capital investments.
Draganfly Inc. (DPRO) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates