Draganfly Inc. (DPRO) Income Statement
DPRO 2025 at a glance
Fiscal year ended December 31, 2025 · Canadian dollarsDPRO revenue and net income
Where DPRO's revenue goes
2025Each bar shows an amount and its share of revenue. DPRO kept −297.3% of revenue as net income.
DPRO profit margins
DPRO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +17.8% | +0.5% | +12.1% | — |
| Gross profit | −5.5% | +18.7% | −5.6% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DPRO income statement in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$7.7M | C$6.6M | C$6.6M | C$7.6M | C$7.1M | C$4.4M | C$1.4M | C$1.4M | C$829,394 |
| Cost of revenue | C$6.4M | C$5.2M | C$4.5M | C$6.8M | C$4.4M | C$2.6M | C$218,800 | C$452,399 | C$466,594 |
| Gross profit | C$1.3M | C$1.4M | C$2.1M | C$790,675 | C$2.6M | C$1.8M | C$1.2M | C$934,614 | C$362,800 |
| Research & development | C$2.0M | C$927,412 | C$1.6M | C$651,302 | C$510,895 | C$567,999 | C$16,883 | C$16,158 | C$59,506 |
| Sales, general & admin | C$17.6M | C$13.3M | C$19.8M | C$24.9M | C$21.1M | C$6.1M | C$4.4M | C$1.5M | C$1.8M |
| Total operating expenses | C$22.1M | C$16.1M | C$24.7M | C$27.7M | C$24.6M | C$1.8M | C$4.5M | C$1.5M | C$1.9M |
| Operating income | −C$20.8M | −C$14.7M | −C$22.6M | −C$26.9M | −C$21.9M | −C$8.8M | −C$3.3M | −C$580,915 | −C$1.5M |
| Interest income | C$1.1M | C$107,225 | C$87,689 | C$44,345 | C$5,074 | — | — | — | — |
| Interest expense | — | — | — | C$1.5M | C$6.1M | C$23,117 | C$171,905 | C$145,271 | C$327,551 |
| Income before taxes | −C$23.0M | −C$13.9M | −C$23.6M | −C$27.7M | −C$16.2M | −C$8.0M | −C$11.1M | −C$601,729 | −C$932,019 |
| Income taxes | — | — | C$3 | C$1.5M | −C$3.0M | C$1.4M | C$171,905 | C$124,457 | C$1 |
| Net income | −C$23.0M | −C$13.9M | −C$23.6M | −C$27.7M | −C$16.2M | −C$8.0M | −C$11.1M | −C$601,729 | −C$932,019 |
| EBITDA | −C$20.4M | −C$14.2M | −C$22.1M | −C$26.1M | −C$19.0M | −C$8.3M | −C$3.3M | −C$418,403 | −C$1.5M |
| Gross margin | 17.1% | 21.3% | 31.5% | 10.4% | 37.5% | 40.3% | 84.1% | 67.4% | 43.7% |
| Operating margin | −268.9% | −224.7% | −345.0% | −353.8% | −310.8% | −202.4% | −238.2% | −41.9% | −185.8% |
| Net margin | −297.3% | −211.5% | −360.2% | −363.6% | −229.7% | −183.7% | −803.7% | −43.4% | −112.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$2.7M | C$2.3M | C$1.9M | C$2.2M | C$2.1M | C$1.5M | C$1.6M | C$1.3M | C$916,300 | C$2.1M | C$1.9M | C$1.6M |
| Cost of revenue | C$2.3M | C$2.0M | C$1.8M | C$1.7M | C$1.6M | C$1.2M | C$1.4M | C$1.2M | C$814,965 | C$1.2M | C$1.3M | C$1.1M |
| Gross profit | C$389,644 | C$347,761 | C$85,710 | C$420,947 | C$504,592 | C$310,088 | C$215,739 | C$134,068 | C$101,335 | C$903,283 | C$589,717 | C$520,481 |
| Research & development | C$1.4M | C$628,638 | C$1.4M | C$321,331 | C$125,813 | C$161,886 | C$267,580 | C$121,391 | C$146,347 | C$59,792 | C$555,460 | C$793,224 |
| Sales, general & admin | C$14.5M | C$5.7M | C$5.8M | C$4.3M | C$3.9M | C$3.2M | C$3.3M | C$3.3M | C$3.2M | C$6.1M | C$6.5M | C$6.7M |
| Total operating expenses | C$15.9M | C$8.0M | C$7.9M | C$5.3M | C$5.0M | C$3.9M | C$4.1M | C$3.4M | C$3.3M | C$6.2M | C$7.1M | C$7.5M |
| Operating income | −C$15.5M | −C$7.6M | −C$7.8M | −C$4.9M | −C$4.5M | −C$3.6M | −C$3.9M | −C$3.2M | −C$3.2M | −C$5.3M | −C$6.5M | −C$7.0M |
| Interest income | C$1.1M | C$678,152 | C$678,471 | C$366,000 | C$10,464 | C$34,031 | C$21,789 | C$4,825 | — | C$30,714 | C$10,891 | C$35,861 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | C$240,867 |
| Income before taxes | −C$12.0M | −C$5.6M | −C$9.6M | −C$5.2M | −C$4.8M | −C$3.4M | −C$4.7M | −C$1.9M | −C$4.2M | −C$5.4M | −C$6.9M | −C$7.1M |
| Income taxes | — | — | — | — | — | — | — | −C$3 | C$5 | −C$13,252 | C$169,536 | C$240,867 |
| Net income | −C$12.0M | −C$5.6M | −C$9.6M | −C$5.2M | −C$4.8M | −C$3.4M | −C$4.7M | −C$1.9M | −C$4.2M | −C$5.4M | −C$6.9M | −C$7.1M |
| EBITDA | −C$15.4M | −C$7.5M | −C$7.7M | −C$4.8M | −C$4.4M | −C$3.5M | −C$3.7M | −C$3.1M | −C$3.0M | −C$5.3M | −C$6.5M | −C$7.0M |
| Gross margin | 14.6% | 15.0% | 4.5% | 19.5% | 23.9% | 20.0% | 13.4% | 10.1% | 11.1% | 42.2% | 31.1% | 32.5% |
| Operating margin | −582.6% | −329.3% | −407.6% | −228.5% | −211.3% | −232.7% | −239.9% | −244.0% | −351.4% | −248.2% | −340.6% | −438.4% |
| Net margin | −451.6% | −243.4% | −503.3% | −239.8% | −225.1% | −221.3% | −292.7% | −140.2% | −457.1% | −254.8% | −363.8% | −441.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in DPRO's financial statements (latest annual report filed March 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DPRO financial results
In fiscal year 2025 (ended December 31, 2025), Draganfly reported revenue of C$7.7 million, up 17.8% from the year before. It had a net loss of C$23.0 million, a net profit margin of −297.3%. Over five years revenue grew at an average rate of 12.1% a year. Figures are in Canadian dollars, the currency of its financial statements.
See the DPRO stock overview for the latest quote and news, or the DPRO chart for price history and technical indicators.
DPRO income statement FAQ
What is Draganfly's annual revenue?
Draganfly reported total revenue of C$7.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 17.8% from C$6.6 million the previous year.
Is Draganfly profitable?
No. Draganfly reported a net loss of C$23.0 million in fiscal 2025, a net profit margin of −297.3%; its operating margin was −268.9%.
What is Draganfly's gross margin?
Draganfly's gross margin was 17.1% in fiscal 2025: for every $100 of revenue, Draganfly kept $17 after the direct cost of its products and services.
How much does Draganfly spend on research and development?
Draganfly spent C$2.0 million on research and development in fiscal 2025, 25.5% of revenue.
How fast is Draganfly growing?
Revenue grew 12.1% a year on average over the last five fiscal years, from C$4.4 million to C$7.7 million.
When will Draganfly report its next earnings?
Draganfly is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does Draganfly's fiscal year end?
Draganfly's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 24, 2026.