Draganfly (DPRO)
Market Price (7/21/2026): $4.5 | Market Cap: $145.7 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Draganfly (DPRO)
Market Price (7/21/2026): $4.5Market Cap: $145.7 MilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -107% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -38% Megatrend and thematic driversMegatrends include Advanced Aviation & Space, Autonomous Technologies, and Artificial Intelligence. Themes include Drone Technology, Show more. | Weak multi-year price returns2Y Excs Rtn is -129%, 3Y Excs Rtn is -164% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -25 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -292% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 16% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -332%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -345% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -22% High stock price volatilityVol 12M is 111% Key risksDPRO key risks include [1] ongoing losses and significant cash burn, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -107% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -38% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space, Autonomous Technologies, and Artificial Intelligence. Themes include Drone Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -129%, 3Y Excs Rtn is -164% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -25 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -292% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 16% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -332%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -345% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -22% |
| High stock price volatilityVol 12M is 111% |
| Key risksDPRO key risks include [1] ongoing losses and significant cash burn, Show more. |
Qualitative Assessment
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Draganfly (DPRO) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. Missed Q1 2026 Earnings Expectations and Widening Comprehensive Loss.
Draganfly reported a comprehensive loss of $5.71 million for fiscal Q1 2026, significantly wider than the $3.43 million loss in fiscal Q1 2025, primarily due to increased operating expenses and share issuance costs. The company also missed analyst expectations, reporting an Earnings Per Share (EPS) of -$0.12 against a consensus estimate of -$0.10, and quarterly revenue of $1.66 million, falling short of analysts' expectations of $1.78 million.
2. Gross Margin Compression.
The gross margin percentage for fiscal Q1 2026 declined to 15.0%, down from 20.0% in fiscal Q1 2025. This decrease was attributed to the sales mix of products sold, indicating pressure on the company's profitability despite a 49.4% year-over-year increase in revenue to $2.31 million.
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Draganfly (DPRO) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. Missed Q1 2026 Earnings Expectations and Widening Comprehensive Loss.
Draganfly reported a comprehensive loss of $5.71 million for fiscal Q1 2026, significantly wider than the $3.43 million loss in fiscal Q1 2025, primarily due to increased operating expenses and share issuance costs. The company also missed analyst expectations, reporting an Earnings Per Share (EPS) of -$0.12 against a consensus estimate of -$0.10, and quarterly revenue of $1.66 million, falling short of analysts' expectations of $1.78 million.
2. Gross Margin Compression.
The gross margin percentage for fiscal Q1 2026 declined to 15.0%, down from 20.0% in fiscal Q1 2025. This decrease was attributed to the sales mix of products sold, indicating pressure on the company's profitability despite a 49.4% year-over-year increase in revenue to $2.31 million.
3. Significant Share Dilution from Recent Financing.
In February 2026, Draganfly completed a substantial financing round, which increased its cash balance to $147.3 million as of March 31, 2026. However, this financing also resulted in a significant dilution of existing shareholders, with shares outstanding rising approximately 24% from 29.34 million at year-end 2025 to 36.50 million by March 31, 2026. This increase in the share count likely contributed to downward pressure on the per-share stock value.
4. Market Skepticism Regarding Operating Business Valuation.
Despite possessing a robust cash position of $147.3 million as of March 31, 2026, which accounts for a substantial portion of its approximately $174.5 million market capitalization, the market is valuing Draganfly's core operating business at a comparatively low enterprise value of around $27 million. This suggests investor skepticism about the company's ability to translate its cash reserves and strategic initiatives into consistent, profitable revenue growth, especially considering forecasts that project Draganfly to remain unprofitable until fiscal year 2028.
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Stock Movement Drivers
Fundamental Drivers
The -13.4% change in DPRO stock from 3/31/2026 to 7/20/2026 was primarily driven by a -13.1% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7202026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.91 | 4.25 | -13.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 8 | 9.9% |
| P/S Multiple | 18.6 | 16.2 | -13.1% |
| Shares Outstanding (Mil) | 29 | 32 | -9.3% |
| Cumulative Contribution | -13.4% |
Market Drivers
3/31/2026 to 7/20/2026| Return | Correlation | |
|---|---|---|
| DPRO | -13.4% | |
| Market (SPY) | 14.1% | 48.4% |
| Sector (XLK) | 32.2% | 51.8% |
Fundamental Drivers
The -38.5% change in DPRO stock from 12/31/2025 to 7/20/2026 was primarily driven by a -36.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 12312025 | 7202026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.91 | 4.25 | -38.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 8 | 14.3% |
| P/S Multiple | 19.1 | 16.2 | -15.3% |
| Shares Outstanding (Mil) | 21 | 32 | -36.5% |
| Cumulative Contribution | -38.5% |
Market Drivers
12/31/2025 to 7/20/2026| Return | Correlation | |
|---|---|---|
| DPRO | -38.5% | |
| Market (SPY) | 9.1% | 43.9% |
| Sector (XLK) | 22.2% | 47.0% |
Fundamental Drivers
The 34.1% change in DPRO stock from 6/30/2025 to 7/20/2026 was primarily driven by a 538.0% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7202026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.17 | 4.25 | 34.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 8 | 25.3% |
| P/S Multiple | 2.5 | 16.2 | 538.0% |
| Shares Outstanding (Mil) | 5 | 32 | -83.2% |
| Cumulative Contribution | 34.1% |
Market Drivers
6/30/2025 to 7/20/2026| Return | Correlation | |
|---|---|---|
| DPRO | 34.1% | |
| Market (SPY) | 21.1% | 33.9% |
| Sector (XLK) | 39.3% | 34.8% |
Fundamental Drivers
The -99.5% change in DPRO stock from 6/30/2023 to 7/20/2026 was primarily driven by a -95.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302023 | 7202026 | Change |
|---|---|---|---|
| Stock Price ($) | 800.00 | 4.25 | -99.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 8 | 18.6% |
| P/S Multiple | 155.0 | 16.2 | -89.6% |
| Shares Outstanding (Mil) | 1 | 32 | -95.7% |
| Cumulative Contribution | -99.5% |
Market Drivers
6/30/2023 to 7/20/2026| Return | Correlation | |
|---|---|---|
| DPRO | -99.5% | |
| Market (SPY) | 73.3% | 21.6% |
| Sector (XLK) | 105.9% | 23.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DPRO Return | 239% | -54% | -36% | -99% | 72% | -39% | -99% |
| Peers Return | 1% | -30% | 29% | 295% | 100% | -22% | 465% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| DPRO Win Rate | 25% | 33% | 17% | 25% | 50% | 43% | |
| Peers Win Rate | 40% | 45% | 57% | 52% | 60% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| DPRO Max Drawdown | -59% | -79% | -80% | -99% | -62% | -57% | |
| Peers Max Drawdown | -50% | -54% | -40% | -38% | -50% | -51% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AVAV, KTOS, TXT, ONDS, RCAT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/20/2026 (YTD)
How Low Can It Go
| Event | DPRO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -44.3% | -18.8% |
| % Gain to Breakeven | 79.4% | 23.1% |
| Time to Breakeven | 19 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -61.6% | -24.5% |
| % Gain to Breakeven | 160.7% | 32.4% |
| Time to Breakeven | 116 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.1% | -33.7% |
| % Gain to Breakeven | 56.4% | 50.9% |
| Time to Breakeven | 505 days | 140 days |
In The Past
Draganfly's stock fell -44.3% during the 2025 US Tariff Shock. Such a loss loss requires a 79.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | DPRO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -44.3% | -18.8% |
| % Gain to Breakeven | 79.4% | 23.1% |
| Time to Breakeven | 19 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -61.6% | -24.5% |
| % Gain to Breakeven | 160.7% | 32.4% |
| Time to Breakeven | 116 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.1% | -33.7% |
| % Gain to Breakeven | 56.4% | 50.9% |
| Time to Breakeven | 505 days | 140 days |
In The Past
Draganfly's stock fell -44.3% during the 2025 US Tariff Shock. Such a loss loss requires a 79.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Draganfly (DPRO)
Draganfly Inc. is a Canadian technology company that specializes in the design, manufacture, and sale of commercial unmanned aerial vehicles (UAVs), commonly known as drones, and related ground-based robotic systems worldwide. Established in 2018, the company focuses on providing advanced drone solutions primarily for professional and industrial applications rather than consumer use.
The company's core offerings include a diverse range of hardware, such as quad-copters and fixed-wing aircraft for aerial operations, alongside ground-based robots and essential handheld controllers. Beyond physical devices, Draganfly provides critical software solutions for purposes like tracking, live streaming, flight training, and comprehensive data collection. Additionally, they offer specialized services including custom engineering, simulation consulting, flight training, and wireless video systems to support their clients' operational needs.
Draganfly's innovative drone and robotic technologies serve a broad spectrum of commercial and public sector markets. Key industries benefiting from their solutions include public safety organizations, the agriculture sector for monitoring and surveying, industrial inspections, security operations, and mapping and surveying services. These markets leverage Draganfly's technology to enhance efficiency, safety, and data accuracy in their respective fields.
```AI Analysis | Feedback
Here are a few brief analogies to describe Draganfly:
The "Caterpillar for aerial and ground robotics."
Like "Honeywell, but focused on specialized drone and robotic solutions for public safety and industry."
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- Unmanned Aerial Vehicles (UAVs): Commercial drones, including quad-copters and fixed-wing aircraft, for various industry applications.
- Ground-based Robots: Robotic systems designed for diverse commercial tasks on the ground.
- Hand-held Controllers: Devices used to operate and manage their unmanned aerial and ground-based systems.
- Wireless Video Systems: Hardware solutions enabling the wireless transmission of video data.
- Software Solutions: Applications for tracking, live streaming, flight training, and data collection from their systems.
- Custom Engineering: Tailored design and development services for specific client needs and solutions.
- Training Services: Educational programs focused on operating and maintaining Draganfly's products.
- Simulation Consulting: Expert advice and services utilizing simulation technologies for various applications.
- Flight Training: Specialized instruction and practice dedicated to piloting unmanned aerial vehicles.
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- Coldchain Technology Services (CTS): Draganfly drones are utilized in partnerships for medical supply and vaccine delivery programs. CTS is a private company.
- Puerto Rico Department of Education: Draganfly has provided drone training services to this government educational department.
- Revived Soldiers Ukraine: Draganfly has supplied drones and related services for humanitarian aid and medical delivery efforts in Ukraine through this non-profit organization.
- Public Safety (e.g., police, fire, emergency services)
- Agriculture (e.g., farming enterprises, agricultural tech companies)
- Industrial Inspections (e.g., energy, infrastructure, construction companies)
- Security (e.g., surveillance, asset protection services)
- Mapping and Surveying (e.g., geospatial companies, construction firms)
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- Teledyne Technologies Inc. (NYSE: TDY)
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Cameron Chell Executive Chairman, President & CEO
Cameron Chell has been a technology entrepreneur for over 30 years, having spent his career growing ideas into revolutionary companies. He co-founded Draganfly Innovations, Inc. in 1998 and later, in 2013, put together an investment group to acquire and operate Draganfly. He has served as Draganfly's CEO since August 2019 and was appointed Executive Chairman of the Board effective January 20, 2026. His extensive entrepreneurial ventures include founding companies such as Pounce Technologies, Inc., Business Instincts Group, Inc., Waste Energy Corp., UrtheCast Corp., Slyce Acquisition, Inc., Cold Bore Technology, Inc., Trace Live Network, Inc., Raptor Rig, Inc., Trax One, Inc., FutureLink Corp., and sBetOne, Inc.
Paul Sun Chief Financial Officer
Paul Sun is a capital markets professional and trained engineer with over 25 years of business experience. He has served as Draganfly's Chief Financial Officer & Co-Secretary since 2019 and was CFO of Draganfly Innovations, Inc. since 2015. Mr. Sun previously held the position of President, Chief Executive Officer & Director at Eminent Gold Corp. from 2018 to 2026. His background includes senior roles at investment banks such as Scotia Capital, Desjardins, and Beacon Securities, where he provided financial solutions to companies ranging from startups to billion-dollar market caps and was involved in numerous transactions across the entire capital structure.
Paul Mullen Chief Operating Officer
Paul Mullen brings 15 years of experience in operation strategy, product expansion, and organizational development to Draganfly. As Chief Operating Officer, he oversees the operational execution of the company's drone solutions.
Deborah R. Greenberg Chief Legal Officer
Deborah R. Greenberg has over 30 years of experience in business and in law. She is responsible for managing the complex regulatory landscape, particularly concerning government and military contracts for Draganfly.
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Key Risks to Draganfly (DPRO)
- Financial Health and Path to Profitability: Draganfly is currently a pre-profit, high-growth company that has demonstrated significant comprehensive losses and negative cash flow from operations. Despite revenue growth and a strong cash position bolstered by recent capital raises, the company continues to burn cash from its core business activities. Draganfly's ability to achieve sustained profitability and scale revenues to cover its operating expenses remains a critical challenge.
- Intense Competition and Dynamic Market Conditions: The drone industry is highly competitive, fragmented, and subject to rapid technological advancements and evolving regulations. Draganfly faces competition from well-funded players, and changes in market conditions or technology could significantly impact its future performance.
- Dependence on Government Contracts and Procurement Volatility: Draganfly's revenue is increasingly tied to defense and public safety contracts, making it dependent on government budgets and policy priorities. Delays in procurement timelines or the cancellation of even a single large contract could materially impact the company's growth and financial results due to potential customer concentration.
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The rapid advancement and adoption of highly autonomous drone systems coupled with sophisticated AI-driven analytics platforms represent a clear emerging threat. These technologies, often developed by new entrants specializing in AI, robotics, or cloud-based solutions, could diminish the need for human-operated drones, extensive flight training, and basic data collection software—core components of Draganfly's current offerings. If the market shifts towards comprehensive "Drone-as-a-Service" (DaaS) models, where customers purchase outcomes rather than hardware and operational complexities, Draganfly's traditional product sales and training services could be significantly disrupted.
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Draganfly Inc. (NASDAQ: DPRO) operates within several significant and growing addressable markets for its commercial unmanned aerial vehicles (UAVs), software, and related services.
Commercial Drones (UAVs)
- The global commercial drone market was valued at approximately USD 30.67 billion in 2024 and is projected to reach USD 992.87 billion by 2035, growing at a compound annual growth rate (CAGR) of 37.18% during the forecast period of 2025–2035.
- Another estimate placed the global commercial drone market size at USD 38.2 billion in 2025, with a projection to reach USD 189.9 billion by 2034, exhibiting a CAGR of 19.50% from 2026-2034.
- North America is a dominant region in the commercial drone market, holding approximately 39.7% market share in 2025. The U.S. commercial drone market is projected to grow at a CAGR of over 8% from 2025 to 2030.
Drone Software
- The global drone software market was valued at USD 7.92 billion in 2025 and is expected to reach USD 48.75 billion by 2035, representing a CAGR of 19.92% during the forecast period.
- Another report estimated the global drone software market size at USD 8.07 billion in 2025, projected to reach USD 18 billion by 2030, expanding at a 17.40% CAGR.
- North America holds a significant share of the drone software market, accounting for over 34% in 2024 and 40.28% in 2024.
Drone Services (including custom engineering, training, simulation consulting, and flight training)
- The global drone services market was valued at USD 17.0 billion in 2023 and is estimated to reach USD 57.8 billion by 2028, growing at a CAGR of 27.7%.
- Other estimates place the global drone services market size at USD 16.50 billion in 2025, anticipated to reach USD 142.22 billion by 2035, expanding at a CAGR of 24.04% from 2026 to 2035.
- North America is expected to hold the largest share of the drone services market, accounting for 40.57% of revenue in 2024.
Addressable Markets by Application:
- Public Safety: The global public safety drone market is projected to grow from USD 1.6 billion in 2023 to USD 4.1 billion by 2033, representing a CAGR of 9.87%. North America is the largest market, accounting for approximately 45% of the global market share.
- Agriculture: The global agriculture drones market size was valued at USD 3.37 billion in 2025 and is projected to reach USD 21.59 billion by 2033, growing at a CAGR of 26.5% from 2026 to 2033. North America dominated this market with over 33.5% revenue share in 2025.
- Industrial Inspections: The global inspection drones market size was over USD 3.31 billion in 2025 and is anticipated to cross USD 15.78 billion by 2035, witnessing more than 16.9% CAGR during the forecast period of 2026-2035. North America is poised to account for the largest revenue share, reaching 41% by 2035. The inspection drone market is expected to reach US$ 34.4 billion by 2031 from US$ 11.6 billion in 2024.
- Security: The global safety and security drones market is projected to grow from USD 2.57 billion in 2025 to USD 6.44 billion in 2030 at a CAGR of 20.2%. The drone surveillance market, a component of security, was valued at USD 249.8 million in 2024 and is poised to grow to USD 1441.38 million by 2033, at a CAGR of 21.5% during the forecast period (2026–2033). North America contributed USD 1.0 billion in the subscription-based drone security market in 2024, holding over 38.5% share.
- Mapping and Surveying: The global drone surveying market was valued at USD 3.29 billion in 2025 and is expected to reach USD 12.71 billion by 2035, growing at a CAGR of 20.28% between 2026 and 2035. North America is the largest market.
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Draganfly (DPRO) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Strategic Pivot to Defense and Government Contracts (U.S. and Canada): Draganfly has strategically shifted its focus towards securing U.S. military and government contracts, with defense revenue projected to account for 90% of its total revenue by 2026. This move is bolstered by increasing demand for secure, domestically-produced, NDAA-compliant drone systems, positioning Draganfly to capitalize on significant government spending. Additionally, the company is well-positioned to benefit from the Canadian government's $80 billion defense modernization package, specifically with its DND-specified radio capabilities.
- New Product Development and Deployment in Key Markets: The launch and successful deployment of new products are crucial for revenue growth. Draganfly's Commander 3XL, Flex FPV systems, and the newly unveiled Outrider Southern Border drone are specifically highlighted as drivers for defense revenue. The Commander 3XL UAVs have secured major military orders and achieved flawless mission success during U.S. Army operational trials.
- Expansion of North American Manufacturing Capacity: To meet the anticipated increase in demand from its government and defense contracts, Draganfly is actively expanding its North American manufacturing capacity. This expansion is aimed at supporting projected revenue growth, with the company eyeing up to $100 million in revenue.
- Strategic Acquisitions: Draganfly is exploring strategic acquisitions as a means to enhance its talent pool and company culture. This strategy is intended to help the company capitalize on high-margin, specialized market segments, thereby contributing to future revenue growth.
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Share Repurchases
No information available.
Share Issuance
- In February 2026, Draganfly closed a registered direct offering of 7,150,000 common shares (or pre-funded warrants) at US$7.00 per share, raising approximately US$50.0 million in gross proceeds.
- In July 2025, the company secured approximately US$25 million through a securities purchase agreement, selling 4,672,895 units (each consisting of one common share and a warrant) at US$5.35 per unit to institutional investors.
- In 2021, Draganfly listed on NASDAQ, issuing 5 million shares at $4, equivalent to $100 per share after a 25:1 reverse split.
Inbound Investments
- Draganfly closed a US$50.0 million registered direct offering in February 2026, with proceeds intended to fund capabilities for new products, growth initiatives, and working capital.
- A securities purchase agreement with institutional investors in July 2025 brought in approximately US$25 million, designated for general corporate purposes, including product development, marketing, and working capital.
- The company received approximately US$3.76 million from a securities purchase agreement with a single institutional investor in November 2024, to be used for general corporate purposes and growth initiatives.
Outbound Investments
No specific outbound investment decisions were detailed, though potential acquisitions were mentioned as a use of proceeds from share issuances.
Capital Expenditures
- Draganfly is expanding its North American manufacturing capacity to support anticipated revenue growth, with production capacity having increased from $5 million to $100 million and a potential for over $400 million by the end of 2026, driven by military demand.
- Proceeds from recent offerings are allocated for funding capabilities to meet demand for new products, supporting growth initiatives, and for research and development.
- Operational plans include the systematic automation of production lines.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold Draganfly Stock If It Fell 30%? | 10/17/2025 | |
| Day 6 of Gains Streak for Draganfly Stock with 69% Return (vs. 157% YTD) [10/3/2025] | 10/04/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 26.85 |
| Mkt Cap | 5.1 |
| Rev LTM | 756 |
| Op Inc LTM | -53 |
| FCF LTM | -103 |
| FCF 3Y Avg | -50 |
| CFO LTM | -62 |
| CFO 3Y Avg | -34 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 71.1% |
| Rev Chg 3Y Avg | 35.3% |
| Rev Chg Q | 96.4% |
| QoQ Delta Rev Chg LTM | 13.7% |
| Op Inc Chg LTM | -101.6% |
| Op Inc Chg 3Y Avg | 2.2% |
| Op Mgn LTM | -49.9% |
| Op Mgn 3Y Avg | -100.8% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | -48.6% |
| CFO/Rev 3Y Avg | -100.9% |
| FCF/Rev LTM | -52.5% |
| FCF/Rev 3Y Avg | -107.0% |
Price Behavior
| Market Price | $4.25 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 12/04/2019 | |
| Distance from 52W High | -69.1% | |
| 50 Days | 200 Days | |
| DMA Price | $5.61 | $7.06 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -24.3% | -39.8% |
| 3M | 1YR | |
| Volatility | 84.0% | 108.1% |
| Downside Capture | 550.05 | 455.09 |
| Upside Capture | 297.01 | 336.96 |
| Correlation (SPY) | 54.5% | 37.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.93 | 3.52 | 3.16 | 3.11 | 3.40 | 1.93 |
| Up Beta | 3.63 | 2.68 | 2.60 | 2.54 | 2.14 | 0.88 |
| Down Beta | 1.67 | 2.28 | 2.61 | 2.00 | 2.18 | 2.42 |
| Up Capture | 145% | 460% | 380% | 514% | 2371% | 346% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 19 | 29 | 58 | 121 | 334 |
| Down Capture | 388% | 380% | 365% | 256% | 198% | 113% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 12 | 20 | 32 | 65 | 127 | 402 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DPRO | |
|---|---|---|---|---|
| DPRO | -41.3% | 111.0% | 0.04 | - |
| Sector ETF (XLK) | 35.3% | 24.6% | 1.18 | 39.5% |
| Equity (SPY) | 19.2% | 12.6% | 1.12 | 37.8% |
| Gold (GLD) | 19.6% | 28.0% | 0.63 | 18.2% |
| Commodities (DBC) | 29.7% | 19.0% | 1.24 | 2.0% |
| Real Estate (VNQ) | 15.2% | 14.0% | 0.78 | 2.2% |
| Bitcoin (BTCUSD) | -46.6% | 42.9% | -1.34 | 32.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DPRO | |
|---|---|---|---|---|
| DPRO | -72.5% | 123.6% | -0.16 | - |
| Sector ETF (XLK) | 19.2% | 25.5% | 0.67 | 20.3% |
| Equity (SPY) | 12.6% | 17.1% | 0.57 | 19.0% |
| Gold (GLD) | 16.8% | 18.4% | 0.74 | 6.4% |
| Commodities (DBC) | 8.8% | 19.5% | 0.34 | 6.8% |
| Real Estate (VNQ) | 2.6% | 18.9% | 0.04 | 9.4% |
| Bitcoin (BTCUSD) | 14.0% | 53.5% | 0.44 | 12.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DPRO | |
|---|---|---|---|---|
| DPRO | -51.9% | 127.2% | -0.20 | - |
| Sector ETF (XLK) | 24.4% | 24.8% | 0.89 | 19.2% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 17.9% |
| Gold (GLD) | 10.9% | 16.1% | 0.55 | 6.1% |
| Commodities (DBC) | 7.0% | 17.9% | 0.31 | 8.1% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 9.4% |
| Bitcoin (BTCUSD) | 57.9% | 66.2% | 0.98 | 14.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 6-K |
| 12/31/2025 | 03/24/2026 | 40-F |
| 09/30/2025 | 11/12/2025 | 6-K |
| 06/30/2025 | 08/11/2025 | 6-K |
| 03/31/2025 | 05/08/2025 | 6-K |
| 12/31/2024 | 03/27/2025 | 20-F |
| 09/30/2024 | 11/14/2024 | 6-K |
| 06/30/2024 | 08/13/2024 | 6-K |
| 03/31/2024 | 05/14/2024 | 6-K |
| 12/31/2023 | 03/27/2024 | 20-F |
| 09/30/2023 | 11/09/2023 | 6-K |
| 06/30/2023 | 08/09/2023 | 6-K |
| 03/31/2023 | 05/09/2023 | 6-K |
| 12/31/2022 | 03/27/2023 | 40-F |
| 09/30/2022 | 11/09/2022 | 6-K |
| 06/30/2022 | 08/09/2022 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 6-K |
| 12/31/2025 | 03/24/2026 | 40-F |
| 09/30/2025 | 11/12/2025 | 6-K |
| 06/30/2025 | 08/11/2025 | 6-K |
| 03/31/2025 | 05/08/2025 | 6-K |
| 12/31/2024 | 03/27/2025 | 20-F |
| 09/30/2024 | 11/14/2024 | 6-K |
| 06/30/2024 | 08/13/2024 | 6-K |
| 03/31/2024 | 05/14/2024 | 6-K |
| 12/31/2023 | 03/27/2024 | 20-F |
| 09/30/2023 | 11/09/2023 | 6-K |
| 06/30/2023 | 08/09/2023 | 6-K |
| 03/31/2023 | 05/09/2023 | 6-K |
| 12/31/2022 | 03/27/2023 | 40-F |
| 09/30/2022 | 11/09/2022 | 6-K |
| 06/30/2022 | 08/09/2022 | 6-K |
| 03/31/2022 | 05/10/2022 | 6-K |
| 12/31/2021 | 04/04/2022 | 20-F |
| 09/30/2021 | 11/09/2021 | 6-K |
| 06/30/2021 | 08/09/2021 | 6-K |
Draganfly — Investor Video Playlist
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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