Earnings
Draganfly Reports Record Q4 and Year End Results

DPRO · Price
Executive Summary
- Draganfly reported FY 2025 revenue of C$7.73 M, up 17.8% YoY, but posted a comprehensive loss of C$22.98 M (including non‑cash items).
- Q4 2025 revenue reached C$1.91 M (+18.5% YoY); however, gross profit fell to C$85,709 and the quarter’s comprehensive loss was C$9.37 M.
- The company announced multiple strategic defense partnerships (Global Ordnance, Palladyne AI, Babcock, DelMar Aerospace) and secured several major orders, including a repeat order from a Fortune‑50 telecom firm and an international military contract for Commander 3XL drones.
Key Details
- FY 2025 Financial Highlights
- Total revenue: C$7,731,163 (↑17.8% YoY).
- Product sales: C$6,869,815 (↑28.0%).
- Services revenue: C$861,348 (↓27.7%).
- Gross profit: C$1,321,336 (‑5.5% YoY); adjusted gross margin 20.4% vs. 30.9% in 2024 (excludes inventory write‑downs).
- Comprehensive loss (incl. non‑cash): C$22,979,770 (↑ C$8.92 M YoY).
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Cash balance at year‑end: C$90,156,821.
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Q4 2025 Financial Highlights
- Revenue: C$1,912,199 (↑18.5% YoY).
- Gross profit: C$85,709 (‑C$130,031 YoY); adjusted gross margin 17.2% vs. 23.8% in Q4 2024.
- Comprehensive loss (incl. non‑cash): C$9,371,420 (↑ C$4.66 M YoY).
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Operating expenses: C$7,880,178 (↑ C$3.79 M YoY).
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Non‑Cash Adjustments
- FY 2025 inventory write‑down: C$259,091; Q4 2025 write‑down: C$244,000.
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Derivative liability fair‑value loss (FY): C$2,648,288; (Q4) C$788,180.
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Strategic Partnerships & Orders
- Defense partnership with Global Ordnance to supply advanced UAVs for U.S. military/government programs.
- Collaboration with Palladyne AI on autonomy and swarming capabilities for defense/commercial drones.
- Appointment of Drone Nerds as official value‑added reseller for NDAA‑compliant portfolio (U.S. distribution).
- Strengthened Military Advisory Board – veterans Victor Meyer & Keith Kimmel added.
- Secured second major order from a Fortune 50 telecom company for heavy‑lift NDAA‑compliant drones.
- Demonstrated Outrider Southern Border drone at a border‑security summit; reported successful deployment with U.S. law‑enforcement agencies.
- Won international military contract for Commander 3XL systems, expanding global defense footprint.
- Exploring strategic collaboration with Babcock to enter Asia‑Pacific markets.
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Contract with U.S. Air Force Special Operations Command (via DelMar Aerospace) to deliver Flex FPV drones and training.
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Shareholder Communication
- Shareholder update call scheduled for March 24, 2026 at 2:30 p.m. PDT / 5:30 p.m. EDT; registration link provided.
Notable Quotes
(No direct CEO quotes were included in the release.)
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Jun 25, 2026 · 08:30