Friday 6 November 2026
Export DPRO’s income statement to Excel — free account
Draganfly Inc.
DPRO Industrials Aerospace & Defense
Draganfly Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.5 million, up 15.6% from fiscal 2024.
- Revenue
- +25.8%
- EPS
- +45.5%
- Free cash flow
- −149.8%
- Total debt
- −54.7%
Quarter to June 2026, against a year earlier
2.82
0.25
−8.14%
Follow DPRO
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | 1 | 1 | 1 | 3 | 6 | 6 | 5 | 5 | 6 | 7 | +30.4% | 11 | 26 | 43 | +97.4% | |
| Gross margin, % | — | 43.74 | 64.64 | 80.56 | 36.83 | 37.47 | 10.40 | 31.49 | 21.31 | 17.09 | 15.35 | (26.7) pt | ||||||
| EBT | — | (1) | (1) | (9) | (6) | (13) | (21) | (17) | (10) | (16) | (23) | +47.2% | ||||||
| EBT margin, % | — | (112.37) | (51.56) | (803.76) | (184.40) | (229.70) | (363.63) | (360.22) | (211.51) | (297.25) | (358.23) | (184.9) pt | ||||||
| Net income | — | 0 | 0 | (9) | (6) | (13) | (21) | (17) | (10) | (16) | (23) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | 0.05 | 0.07 | 0.08 | 0.22 | 5.09 | 4.36 | 2.88 | 1.52 | 0.35 | 0.18 | +28.4% | |||||
| Earnings | — | (0.06) | (0.03) | (0.62) | (0.41) | (11.75) | (15.75) | (10.25) | (3.21) | (1.04) | (0.78) | +44.1% | ||||||
| Cash flow | — | (0.05) | (0.01) | (0.22) | (0.26) | (15.88) | (9.37) | (6.60) | (2.74) | (1.09) | (0.71) | +47.8% | ||||||
| Capex | — | 0.00 | 0.00 | 0.00 | 0.00 | (0.15) | (0.04) | (0.19) | (0.01) | (0.04) | (0.03) | n/m | ||||||
| Free cash flow | — | (0.05) | (0.01) | (0.22) | (0.26) | (16.03) | (9.41) | (6.80) | (2.75) | (1.13) | (0.74) | +48.5% | ||||||
| Book value | — | (0.20) | (0.22) | 0.12 | 0.20 | 25.20 | 6.33 | 0.18 | 1.07 | 4.40 | 2.93 | n/m | ||||||
| Shares, m | — | 14 | 14 | 14 | 15 | 1 | 1 | 2 | 3 | 16 | 26 | +1.6% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | 0.00 | 0.00 | 0.00 | 0.00 | 3.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.3 | |||||
| P/S | — | 0.00 | 0.00 | 0.00 | 402.72 | 240.07 | 4.63 | 4.19 | 2.64 | 19.63 | 15.85 | 74.9 | ||||||
| P/B | — | 0.00 | 0.00 | 0.00 | 435.94 | 49.15 | 3.19 | 67.34 | 3.75 | 1.57 | 0.96 | 62.3 | ||||||
| EV/Sales | — | 0.00 | 0.00 | 0.00 | 402.30 | 236.92 | 3.64 | 3.80 | 1.75 | 8.00 | 1.30 | 72.9 | ||||||
| EV/FCF | — | 0.00 | 0.00 | 0.00 | (342.11) | (66.78) | (1.69) | (1.61) | (0.97) | (2.49) | (0.31) | (46.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | (1) | 0 | (3) | (4) | (18) | (13) | (11) | (9) | (17) | (26) | +50.1% | |||||
| Capex | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1) | (1) | +126.3% | ||||||
| Free cash flow | — | (1) | 0 | (3) | (4) | (18) | (13) | (11) | (9) | (18) | (27) | +50.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | (3) | (3) | 2 | 1 | 21 | 8 | (1) | 3 | 68 | 104 | n/m | |||||
| Net debt | — | 1 | 1 | (2) | (1) | (18) | (6) | (2) | (4) | (64) | (95) | n/m | ||||||
| Shareholders’ equity | — | (3) | (3) | 2 | 3 | 28 | 8 | 0 | 3 | 69 | 108 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | (170.97) | (238.39) | (599.03) | (156.44) | (65.97) | (94.83) | (200.69) | (148.77) | (41.12) | (35.52) | +129.9 pt | |||||
| ROIC | — | 0.00 | 0.00 | 0.00 | 0.00 | (97.83) | (495.29) | 0.00 | 0.00 | (197.78) | (131.68) | (197.8) pt | ||||||
| ROE | — | 25.43 | 15.09 | 1,261.61 | (267.68) | (83.68) | (117.01) | (397.78) | (551.17) | (45.37) | (37.72) | (70.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 41 | 55 | 54 | 54 | 69 | — | +13.9% | |||||
| Revenue/emp, $m | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.11 | 0.09 | 0.09 | 0.08 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Draganfly Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NSTR NorthStar Earth & Space Enterprises Inc | $153.3M | — | — | — | — | — | — | — | Compare |
| AIRO AIRO Group Holdings, Inc. | $150.8M | — (loss-making) | — (loss-making) | +75.89% (above 0%: growing) | n/m | −55.38% (below 0%: shrinking) | 64.12% | 3.83% | Compare |
| DPRO Draganfly Inc. | $110.0M | — (loss-making) | — (loss-making) | +25.84% (above 0%: growing) | n/m | −149.77% (below 0%: shrinking) | 20.01% | (584.90%) | |
| SIF SIFCO Industries, Inc. | $105.5M | 25.8× | — | +18.33% (above 0%: growing) | n/m | −792.26% (below 0%: shrinking) | 13.09% | 1.09% | Compare |
| SIDU Sidus Space, Inc. | $94.1M | — (loss-making) | — (loss-making) | −53.76% (below 0%: shrinking) | n/m | −18.26% (below 0%: shrinking) | (107.99%) | (976.20%) | Compare |
| CODA Coda Octopus Group Inc. | $90.7M | 18.5× | 19.2× | +9.24% (above 0%: growing) | +9.09% (above 0%: growing) | −24.37% (below 0%: shrinking) | 65.44% | 19.87% | Compare |
| BYRN Byrna Technologies Inc. | $87.5M | — (loss-making) | — (loss-making) | −45.72% (below 0%: shrinking) | n/m | +87.91% (above 0%: growing) | 79.46% | (19.16%) | Compare |
| MRLN Merlin Inc | $78.3M | — (loss-making) | — | — | n/m | −119.70% (below 0%: shrinking) | (5.42%) | (1,528.58%) | Compare |
| HOVR New Horizon Aircraft Ltd. | $75.9M | — (loss-making) | — | — | n/m | −208.15% (below 0%: shrinking) | — | 0.00% | Compare |
| Median of peers | $92.4M | — | — | +9.24% | — | −55.38% | 38.61% | 0.00% |