Draganfly (DPRO) financial statements
Draganfly reported revenue of 8M CAD in fiscal 2025, up 33.3% a year over 6 years.
Net income was -23M CAD.
Free cash flow was -25M CAD.
The diluted share count rose 4023% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions (CAD).
Income statement
Fiscal years, in CAD, from Draganfly's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 1M CAD | 4M CAD | 7M CAD | 8M CAD | 7M CAD | 7M CAD | 8M CAD |
| Cost of revenue | 218,800 CAD | 3M CAD | 4M CAD | 7M CAD | 4M CAD | 5M CAD | 6M CAD |
| Gross profit | 1M CAD | 2M CAD | 3M CAD | 790,675 CAD | 2M CAD | 1M CAD | 1M CAD |
| Research and development | 16,883 CAD | 567,999 CAD | 510,895 CAD | 651,302 CAD | 2M CAD | 927,412 CAD | 970,859 CAD |
| Net income | -11M CAD | -8M CAD | -16M CAD | -28M CAD | -24M CAD | -14M CAD | -23M CAD |
| EPS (diluted) | — | — | 14.75 CAD | -20.34 CAD | -14.58 CAD | -4.40 CAD | -1.46 CAD |
| Diluted shares | 0M | 1M | 1M | 1M | 2M | 3M | 16M |
| Gross margin | 84.1% | 40.3% | 37.5% | 10.4% | 31.5% | 21.3% | 17.1% |
| Net margin | -803.7% | -183.7% | -229.7% | -363.6% | -360.2% | -211.5% | -297.3% |
Balance sheet
Fiscal years, in CAD, from Draganfly's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | 2M CAD | 2M CAD | 23M CAD | 8M CAD | 3M CAD | 6M CAD | 90M CAD |
| Receivables | — | 810,791 CAD | 1M CAD | 2M CAD | 649,612 CAD | 573,390 CAD | 1M CAD |
| Inventory | 48,653 CAD | 1M CAD | 3M CAD | 1M CAD | 2M CAD | 2M CAD | 4M CAD |
| Total current assets | — | 4M CAD | 34M CAD | 14M CAD | 7M CAD | 9M CAD | 100M CAD |
| Property, plant and equipment | — | 153,870 CAD | 297,043 CAD | 404,691 CAD | 680,801 CAD | 529,542 CAD | 1M CAD |
| Goodwill | — | 2M CAD | 6M CAD | — | — | — | — |
| Total assets | — | 7M CAD | 42M CAD | 15M CAD | 8M CAD | 10M CAD | 101M CAD |
| Total current liabilities | — | 3M CAD | 7M CAD | 3M CAD | 7M CAD | 5M CAD | 5M CAD |
| Total liabilities | — | 3M CAD | 7M CAD | 4M CAD | 8M CAD | 6M CAD | 5M CAD |
| Shareholders' equity | 2M CAD | 4M CAD | 35M CAD | 11M CAD | 407,716 CAD | 5M CAD | 97M CAD |
| Net debt | -2M CAD | -2M CAD | -23M CAD | -8M CAD | -3M CAD | -6M CAD | -90M CAD |
Cash flow
Fiscal years, in CAD, from Draganfly's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | -22M CAD | -16M CAD | -19M CAD | -12M CAD | -24M CAD |
| Capital spending | 87,785 CAD | 23,888 CAD | 212,579 CAD | 84,397 CAD | 490,391 CAD | 167,257 CAD | 923,037 CAD |
| Free cash flow | — | — | -22M CAD | -16M CAD | -19M CAD | -12M CAD | -25M CAD |
| Stock-based compensation | 761,559 CAD | 3M CAD | 4M CAD | 3M CAD | 2M CAD | 1M CAD | 1M CAD |
| Net borrowing | — | -5,062 CAD | -4,319 CAD | — | — | — | — |
| Free cash flow margin | — | — | -315.0% | -216.1% | -293.9% | -182.9% | -320.8% |
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Open DPRO in InvestinglyQuestions
What was Draganfly's revenue in 2025?
8M CAD in fiscal 2025, from its 10-K filing.
How much free cash flow does Draganfly generate?
-25M CAD in fiscal 2025 (operating cash flow minus capital spending).
From Draganfly's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.