Draganfly Inc.
DPRO · Aircraft · EDGAR filings ↗
Grade
D46Well-capitalized but deeply unprofitable drone maker with decent revenue growth and a long cash runway offset by negative margins.
Strengths
- Strong liquidity: current ratio 21.6 (86th pct), ~14.5 quarters runway, $66M cash
- Revenue growth 23.8% (78th pct) with improving net-loss trend (net income growth 92nd pct)
Risks
- Persistent losses: ROA -23%, ROE -24%, low gross margin 17% (18th pct)
- Sub-scale model not yet generating profits; ongoing reliance on capital markets
Notable findings
- Net lossNet loss (net margin -297.3%)
- Cash burnNegative free cash flow (-18.1M)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
17.1%
Net margin
-297.3%
Return on equity
-23.8%
Return on assets
-22.7%
Revenue growth (QoQ)
-2.2%
Current ratio
21.6×
Free cash flow
-$18M
Tangible book value
$71M
Cash & investments
$66M
Cash runway
14q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-24 | 2025-12-31 | 0001493152-26-012377 ↗ |
| 20-F | 2025-03-27 | 2024-12-31 | 0001641172-25-000949 ↗ |
| 20-F | 2024-03-27 | 2023-12-31 | 0001493152-24-011503 ↗ |
| 40-F | 2023-03-27 | 2022-12-31 | 0001493152-23-009095 ↗ |
| 20-F | 2022-04-04 | 2021-12-31 | 0001493152-22-008934 ↗ |