Draganfly Inc.
DPRO Technology Computer Hardware
Draganfly Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.5 million, up 15.6% from fiscal 2024. In the quarter to June 2026, revenue grew 25.8%, EPS grew 45.5%, free cash flow fell 149.8% and total debt fell 54.7%, each against the same quarter a year earlier.
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Draganfly Inc. (DPRO) Piotroski F-score
Draganfly Inc.'s Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | (2.00) |
| FY2024 | 5 | 2.00 |
| FY2023 | 3 | 1.00 |
| FY2022 | 2 | (3.00) |
| FY2021 | 5 | 1.00 |
| FY2020 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (41.12%) | (148.77%) | Fail | 0 |
| Positive operating cash flow | (17.09m) | (8.64m) | Fail | 0 |
| Rising return on assets | (41.12%) | (148.77%) | Pass | 1 |
| Cash flow above net income | (640.30k) | 1.49m | Fail | 0 |
| Falling long-term leverage | 0.00 | 0.03 | Pass | 1 |
| Rising current ratio | 21.63 | 1.73 | Pass | 1 |
| No new shares issued | 15,715,000 | 3,157,000 | Fail | 0 |
| Rising gross margin | 17.09% | 21.31% | Fail | 0 |
| Rising asset turnover | 0.14 | 0.70 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| OSS One Stop Systems, Inc. compare | 6 |
| NNDM Nano Dimension Ltd. compare | 4 |
| CAN Canaan Inc. Sponsored ADR compare | 4 |
| VELO Velo3D, Inc. compare | 3 |
| DPRO Draganfly Inc. | 3 |
| BGIN Bgin Blockchain Limited compare | 2 |
| YIBO Planet Image International Limited compare | 2 |
| AMCI AMC Robotics Corporation compare | — |
| QTEX QTREX Quantum Ltd. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover