Draganfly Balance Sheet Health
Financial Health criteria checks 6/6
Draganfly has a total shareholder equity of CA$155.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$161.1M and CA$5.4M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$147.34m |
| Equity | CA$155.78m |
| Total liabilities | CA$5.35m |
| Total assets | CA$161.14m |
Recent financial health updates
Recent updates
America’s Drone Defense Shift Puts Draganfly in the Spotlight
Draganfly is one of the most experienced drone manufacturers worldwide, boasting nearly three decades of innovation, and is now emerging as a North American leader in secure, NDAA-compliant drones.Weekly Picks: ⛏️ The Gold Play With Permits, A Plan And Real Momentum And 2 More Picks
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America Wants Homegrown Drones — Draganfly Is Ready to Deliver
Key Takeaways Draganfly is one of the most experienced drone manufacturers worldwide, boasting nearly three decades of innovation, and is now emerging as a North American leader in secure, NDAA-compliant drones. The company is riding massive industry tailwinds as Western governments shift away from Chinese-made drones, funneling billions into trusted domestic suppliers.Why Risk Of Further Dilution Outweighs Draganfly's Good Prospects
Summary Draganfly continues to dilute shareholders with frequent equity issuances, increasing outstanding shares by over 150% in H1 2025. Despite positive developments like a 37% YoY increase in product sales, the company remains unprofitable with operating losses each quarter. Gross profit is positive, but comprehensive profit is negative and substantial in size, raising concerns about how long it will take for the company to become profitable. The investment thesis remains a 'sell' due to ongoing losses and dilution risk, despite the industry's potential and Draganfly's prospects as a leading company in that industry. Read the full article on Seeking AlphaDraganfly GAAP EPS of $0.02, revenue of $2.37M
Draganfly press release (NASDAQ:DPRO): Q2 GAAP EPS of $0.02. Revenue of $2.37M (+19.7% Y/Y).Draganfly's Q1 2022 Results Look Underwhelming, And I'm Tempted To Open A Short Position
The company’s revenues rose by 32.8% to $1.59 million in Q1 2022, but most of the growth came from Dronelogics which resells third-party drones. The operating loss widened, and the funds used in operating activities were $2.71 million. There is no news about the deal with Digital Dream Labs, which I find concerning considering this was Draganfly’s largest order to date. I think the business of Draganfly isn’t worth much in its current state, and the short borrow fee rate is below 6%.Draganfly: The New Order For Ukraine Is Not A Gamechanger And I'm Bearish
The company announced that it received an order of 10 drones for Ukraine that can be increased to 200 units and its market valuation soared by 40% a single day. However, those 200 drones cost about $6 million and Draganfly booked an operating loss of $6.36 million in Q3 2021 alone. In my view, the new order won’t significantly change the company’s fundamentals, and I remain bearish. I think that the share price is likely to decline below $1.10 once again as retail investor interest fades off.The Prudent Approach For Investing In Draganfly
After an excessive rally at the beginning of 2021, Draganfly share prices have fallen back to justifiable lower levels. Other drone companies fell back from very high valuations as well. The industry is still in an emerging phase. Double-digit growth of the drone industry is expected, but it's too early to tell which companies will benefit the most. Draganfly offers a good chance of success. It has cash, revenue growth and a viable path to profitability in combination with two decades of experience in the industry. A prudent investing approach is to build speculative positions in several drone stocks with small purchases at a time. This spreads the risks over time and over several companies.Financial Position Analysis
Short Term Liabilities: DPRO's short term assets (CA$159.6M) exceed its short term liabilities (CA$5.2M).
Long Term Liabilities: DPRO's short term assets (CA$159.6M) exceed its long term liabilities (CA$144.4K).
Debt to Equity History and Analysis
Debt Level: DPRO is debt free.
Reducing Debt: DPRO has no debt compared to 5 years ago when its debt to equity ratio was 28.7%.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: DPRO has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: DPRO has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 12.8% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/20 13:57 |
| End of Day Share Price | 2026/05/20 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Draganfly Inc. is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rommel Dionisio | Aegis Capital Corporation |
| Scott Buck | H.C. Wainwright & Co. |
| Glenn Mattson | Ladenburg Thalmann & Company |