NASDAQ : DPRO
Draganfly Inc. — Financial statements
Technology · Computer Hardware · Canada
Last price 3.47 USD (Oct 30, 2026, 3:37 PM EDT) · Market cap 135.31M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Draganfly Inc. (DPRO) reported revenue of 9.04M CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 9.04M | 7.73M | 6.56M | 6.55M | 7.61M | 7.05M |
| Cost of Revenue | 7.28M | 6.15M | 4.54M | 4.16M | 4.84M | 4.41M |
| Gross Profit | 1.77M | 1.58M | 2.03M | 2.40M | 2.77M | 2.64M |
| Selling, General & Admin | 34.12M | 20.79M | 14.63M | 22.58M | 26.28M | 21.10M |
| Research & Development | 2.72M | 970.86K | 927.41K | 1.55M | 651.30K | 510.89K |
| Amortization of Goodwill & Intangibles | 8.12K | 9.03K | 11.29K | 35.96K | 179.48K | 135.97K |
| Operating Expenses | 37.53M | 22.41M | 16.28M | 24.68M | 27.70M | 21.92M |
| Operating Income | -35.76M | -20.83M | -14.25M | -22.28M | -24.93M | -19.28M |
| Currency Exchange Gain (Loss) | 4.73M | -425.09K | 268.54K | -249.56K | 745.10K | 362.45K |
| Other Non Operating Income (Expenses) | -1.09M | -1.56M | 682.04K | -643.62K | 5.51M | 8.18M |
| EBT Excluding Unusual Items | -32.13M | -22.81M | -13.30M | -23.18M | -18.67M | -10.73M |
| Impairment of Goodwill | -6.45M | -4.58M | ||||
| Gain (Loss) on Sale of Assets | 20.86K | 20.76K | 11.43K | -944.00 | -10.76K | |
| Asset Writedown | -380.35K | -259.09K | -627.11K | -331.67K | -1.98M | |
| Other Unusual Items | 35.46K | 69.65K | 40.02K | -101.35K | -537.96K | -891.47K |
| Pretax Income | -32.46M | -22.98M | -13.88M | -23.61M | -27.65M | -16.20M |
| Net Income | -32.46M | -22.98M | -13.88M | -23.61M | -27.65M | -16.20M |
| Net Income to Common | -32.46M | -22.98M | -13.88M | -23.61M | -27.65M | -16.20M |
| Shares Outstanding (Basic) | 29.57M | 15.72M | 3.16M | 1.62M | 1.34M | 1.11M |
| Shares Outstanding (Diluted) | 29.57M | 15.72M | 3.16M | 1.62M | 1.34M | 1.11M |
| EPS (Basic) | -1.10 | -1.46 | -4.40 | -14.58 | -20.60 | -14.58 |
| EPS (Diluted) | -1.10 | -1.46 | -4.40 | -14.58 | -20.60 | -14.58 |
| Free Cash Flow | -37.83M | -24.80M | -12.00M | -19.26M | -16.43M | -22.22M |
| Free Cash Flow Per Share | -1.28 | -1.58 | -3.80 | -11.90 | -12.24 | -19.99 |
| Gross Margin | 19.55% | 20.44% | 30.87% | 36.55% | 36.39% | 37.47% |
| Operating Margin | -395.42% | -269.42% | -217.23% | -339.97% | -327.85% | -273.30% |
| Profit Margin | -358.83% | -297.25% | -211.51% | -360.22% | -363.63% | -229.70% |
| Free Cash Flow Margin | -418.25% | -320.76% | -182.92% | -293.89% | -216.02% | -314.96% |
| EBITDA | -35.52M | -20.63M | -14.03M | -22.12M | -24.16M | -18.97M |
| EBITDA Margin | -266.79% | -213.87% | -268.89% | |||
| D&A For EBITDA | 244.44K | 203.79K | 220.25K | 169.44K | 772.76K | 311.06K |
| EBIT | -35.76M | -20.83M | -14.25M | -22.28M | -24.93M | -19.28M |
| EBIT Margin | -269.42% | -217.23% | -273.30% | |||
| Revenue as Reported | 9.04M | 7.73M | 6.56M | 6.55M | 7.61M | 7.05M |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 131.91M | 90.16M | 6.25M | 3.09M | 7.89M | 23.08M |
| Short-Term Investments | 4.99M | 4.02M | 241.47K | 361.65K | 382.28K | 768.03K |
| Cash & Short-Term Investments | 136.90M | 94.17M | 6.49M | 3.46M | 8.28M | 23.84M |
| Accounts Receivable | 668.72K | 947.94K | 573.39K | 610.44K | 1.34M | 951.31K |
| Other Receivables | 454.68K | 93.64K | 39.17K | 745.17K | 455.81K | |
| Receivables | 1.12M | 1.04M | 573.39K | 649.61K | 2.26M | 1.60M |
| Inventory | 10.46M | 3.90M | 1.53M | 1.60M | 1.06M | 3.39M |
| Prepaid Expenses | 643.73K | 741.05K | 483.05K | 980.57K | 1.93M | 4.73M |
| Total Current Assets | 149.13M | 99.86M | 9.08M | 6.68M | 13.52M | 33.56M |
| Property, Plant & Equipment | 1.88M | 1.42M | 901.89K | 1.40M | 749.44K | 759.92K |
| Long-Term Investments | 28.57K | 71.43K | 14.29K | 189.40K | 192.58K | 291.07K |
| Goodwill | 2.96M | 5.94M | ||||
| Other Intangible Assets | 32.50K | 36.11K | 45.14K | 56.43K | 179.80K | 599.13K |
| Other Long-Term Assets | 156.20K | |||||
| Total Assets | 154.03M | 101.39M | 10.20M | 8.33M | 14.64M | 42.11M |
| Accounts Payable | 1.60M | 667.40K | 609.87K | 1.26M | 751.42K | 362.89K |
| Accrued Expenses | 2.70M | 2.73M | 1.79M | 1.35M | 2.03M | 402.54K |
| Current Portion of Long-Term Debt | 85.06K | 81.51K | 6.75K | |||
| Current Portion of Leases | 138.11K | 143.62K | 154.15K | 362.00K | 133.96K | 110.48K |
| Current Unearned Revenue | 264.55K | 582.88K | 484.84K | 116.83K | 258.45K | 245.42K |
| Other Current Liabilities | 338.03K | 492.47K | 2.20M | 4.23M | 91.02K | 5.59M |
| Total Current Liabilities | 5.04M | 4.62M | 5.24M | 7.40M | 3.35M | 6.72M |
| Long-Term Debt | 5.06K | 86.57K | ||||
| Long-Term Leases | 88.16K | 130.25K | 273.87K | 428.02K | 244.68K | 378.64K |
| Long-Term Unearned Revenue | 31.76K | 44.51K | 68.14K | 95.56K | ||
| Total Liabilities | 5.16M | 4.79M | 5.58M | 7.92M | 3.60M | 7.19M |
| Common Stock | 295.91M | 229.70M | 110.74M | 97.07M | 83.60M | 81.04M |
| Retained Earnings | -158.11M | -140.45M | -117.47M | -103.59M | -79.98M | -52.32M |
| Comprehensive Income & Other | 11.07M | 7.35M | 11.34M | 6.93M | 7.42M | 6.21M |
| Shareholders' Equity | 148.87M | 96.60M | 4.62M | 407.72K | 11.04M | 34.93M |
| Total Liabilities & Equity | 154.03M | 101.39M | 10.20M | 8.33M | 14.64M | 42.11M |
| Total Debt | 226.27K | 273.88K | 428.02K | 875.08K | 465.21K | 582.44K |
| Net Cash (Debt) | 136.67M | 93.90M | 6.07M | 2.58M | 7.81M | 23.26M |
| Net Cash Per Share | 4.62 | 5.97 | 1.92 | 1.59 | 5.82 | 20.93 |
| Filing Date Shares Outstanding | 37.15M | 36.50M | 5.43M | 1.97M | 1.40M | 1.33M |
| Total Common Shares Outstanding | 37.15M | 29.34M | 5.43M | 1.97M | 1.37M | 1.33M |
| Working Capital | 144.09M | 95.24M | 3.85M | -717.02K | 10.17M | 26.84M |
| Book Value Per Share | 4.01 | 3.29 | 0.85 | 0.21 | 8.05 | 26.32 |
| Tangible Book Value | 145.88M | 96.56M | 4.58M | 351.29K | 10.86M | 28.39M |
| Tangible Book Value Per Share | 3.93 | 3.29 | 0.84 | 0.18 | 7.92 | 21.40 |
| Machinery | 2.53M | 2.00M | 1.19M | 1.23M | 966.15K | 432.62K |
| Leasehold Improvements | 61.46K | 51.92K | 88.89K | 86.53K | 4.35K |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -32.46M | -22.98M | -13.88M | -23.61M | -27.65M | -16.20M |
| Depreciation & Amortization | 460.27K | 346.52K | 577.09K | 532.53K | 772.76K | 311.06K |
| Other Amortization | 14.11K | |||||
| Loss (Gain) From Sale of Assets | -188.03K | 16.56K | 11.43K | 18.43K | -24.15K | |
| Asset Writedown & Restructuring Costs | 87.42K | 6.45M | 4.58M | |||
| Stock-Based Compensation | 5.89M | 1.39M | 1.18M | 2.02M | 3.31M | 3.95M |
| Provision & Write-off of Bad Debts | 64.07K | 90.25K | 186.63K | 216.24K | ||
| Other Operating Activities | 4.47M | 2.84M | 188.21K | 1.14M | -3.02M | -7.26M |
| Change in Accounts Receivable | -57.50K | -402.24K | -266.42K | 1.22M | -681.84K | -596.34K |
| Change in Inventory | -8.28M | -2.58M | -562.83K | -872.26K | -150.24K | -2.16M |
| Change in Accounts Payable | -2.03M | 1.37M | -231.81K | -464.44K | 1.66M | -1.04M |
| Change in Unearned Revenue | -27.43K | 74.41K | 340.59K | -46.06K | 1.08K | -162.13K |
| Change in Other Net Operating Assets | -4.31M | -4.03M | 617.70K | 965.51K | 2.96M | -3.40M |
| Operating Cash Flow | -36.46M | -23.88M | -11.83M | -18.77M | -16.35M | -22.00M |
| Capital Expenditures | -1.37M | -923.04K | -167.26K | -490.39K | -79.71K | -212.58K |
| Sale of Property, Plant & Equipment | 103.92K | 46.98K | 10.76K | |||
| Cash Acquisitions | -3.06M | -466.64K | ||||
| Sale (Purchase) of Intangibles | -4.68K | |||||
| Investment in Securities | -623.71K | |||||
| Other Investing Activities | 35.46K | 69.65K | 40.02K | 63.84K | 842.30K | -2.00M |
| Investing Cash Flow | -4.39M | -853.39K | -23.31K | -379.58K | 768.65K | -3.31M |
| Long-Term Debt Issued | 60.00K | |||||
| Total Debt Issued | 60.00K | |||||
| Long-Term Debt Repaid | -154.15K | -442.84K | -336.91K | -157.02K | -177.74K | |
| Lease Payments | -162.69K | -154.15K | -357.78K | -330.16K | -150.28K | -129.00K |
| Total Debt Repaid | -162.69K | -154.15K | -442.84K | -336.91K | -157.02K | -177.74K |
| Net Debt Issued (Repaid) | -162.69K | -154.15K | -442.84K | -336.91K | -157.02K | -117.74K |
| Issuance of Common Stock | 154.45M | 114.34M | 18.13M | 17.47M | 114.05K | 50.20M |
| Other Financing Activities | -7.98M | -5.13M | -2.66M | -2.69M | -5.12K | -3.81M |
| Financing Cash Flow | 146.31M | 109.06M | 15.03M | 14.45M | -48.10K | 46.27M |
| Foreign Exchange Rate Adjustments | 3.87M | -425.09K | -9.94K | -94.86K | 447.54K | 136.48K |
| Net Cash Flow | 109.34M | 83.90M | 3.16M | -4.80M | -15.18M | 21.09M |
| Free Cash Flow | -37.83M | -24.80M | -12.00M | -19.26M | -16.43M | -22.22M |
| Free Cash Flow Margin | -418.25% | -320.76% | -182.92% | -293.89% | -216.02% | -314.96% |
| Free Cash Flow Per Share | -1.28 | -1.58 | -3.80 | -11.90 | -12.24 | -19.99 |
| Levered Free Cash Flow | -25.86M | -15.91M | -8.55M | -6.02M | -10.58M | -11.86M |
| Unlevered Free Cash Flow | -25.86M | -15.91M | -8.55M | -6.02M | -10.58M | -11.86M |
| Free Cash Flow After Leases | -37.99M | -24.95M | -12.36M | -19.59M | -16.58M | -22.35M |
| Cash Interest Paid | 49.29K | 37.48K | 67.86K | 57.04K | 51.34K | 31.01K |
| Change in Working Capital | -14.70M | -5.57M | -102.77K | 805.86K | 3.79M | -7.36M |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 137.27M | 162.02M | 22.07M | 23.68M | 24.97M | 54.52M |
| Enterprise Value | 39.45M | 110.48M | 19.45M | 22.27M | 16.15M | 32.24M |
| Last Close Price | 3.44 | 6.91 | 4.01 | 11.99 | 18.75 | 40.75 |
| PS Ratio | 21.55 | 28.73 | 4.84 | 4.77 | 4.45 | 9.78 |
| PB Ratio | 1.31 | 2.30 | 6.87 | 76.69 | 3.06 | 1.98 |
| P/TBV Ratio | 1.34 | 2.30 | 6.94 | 89.00 | 3.11 | 2.43 |
| EV/Sales Ratio | 6.19 | 19.59 | 4.27 | 4.49 | 2.87 | 5.78 |
| Debt / Equity Ratio | 0.00 | 0.00 | 0.09 | 2.15 | 0.04 | 0.02 |
| Net Debt / Equity Ratio | -0.92 | -0.97 | -1.31 | -6.33 | -0.71 | -0.67 |
| Net Debt / EBITDA Ratio | 3.85 | 4.55 | 0.43 | 0.12 | 0.32 | 1.23 |
| Net Debt / FCF Ratio | 3.61 | 3.79 | 0.51 | 0.13 | 0.47 | 1.05 |
| Asset Turnover | 0.10 | 0.14 | 0.71 | 0.57 | 0.27 | 0.29 |
| Inventory Turnover | 1.12 | 2.26 | 2.90 | 3.14 | 2.18 | 1.91 |
| Quick Ratio | 27.41 | 20.63 | 1.35 | 0.56 | 3.10 | 3.76 |
| Current Ratio | 29.62 | 21.63 | 1.74 | 0.90 | 4.04 | 4.99 |
| Return on Equity (ROE) | -37.77% | -45.41% | -551.84% | -412.48% | -120.32% | -83.58% |
| Return on Assets (ROA) | -24.50% | -23.33% | -96.14% | -121.28% | -54.92% | -48.96% |
| Return on Capital Employed (ROCE) | -24.00% | -21.50% | -287.10% | -2,392.90% | -220.80% | -54.50% |
| Earnings Yield | -22.80% | -10.35% | -43.70% | -75.52% | -81.81% | -23.49% |
| FCF Yield | -19.70% | -11.16% | -37.80% | -61.61% | -48.60% | -32.20% |
| Buyback Yield / Dilution | -465.83% | -397.81% | -94.95% | -20.64% | -20.76% | -67.82% |