Draganfly Inc. (DPRO) Key Metrics
DPRO key metrics, 2017–2025
Fiscal year ended December 31, 2025 · Canadian dollarsDPRO returns How much profit the business earns on the capital it uses.
DPRO financial health Debt, liquidity and how easily interest is covered.
DPRO efficiency & capital use Working capital cycle and where the cash goes.
DPRO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DPRO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DPRO key metrics in Canadian dollars
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | |||||||||
| Return on equity (ROE) | −45.4% | −551.8% | −412.5% | −120.3% | −83.6% | −265.4% | — | — | — |
| Return on invested capital (ROIC) | −596.0% | — | — | −265.0% | −238.0% | −690.9% | — | — | — |
| Return on assets (ROA) | −41.2% | −149.8% | −205.6% | −97.5% | −65.8% | −155.3% | −595.5% | −106.4% | −148.8% |
| Return on tangible assets | −22.7% | −136.7% | −285.4% | −191.3% | −45.5% | −172.0% | −344.5% | −122.1% | −157.5% |
| Free cash flow margin | −320.5% | −182.9% | −293.9% | −216.1% | −315.0% | −118.3% | −288.0% | −19.8% | −100.1% |
| Financial health | |||||||||
| Total debt | C$273,875 | C$428,021 | C$875,081 | C$465,214 | C$582,440 | C$256,040 | C$136,073 | C$2.1M | C$1.7M |
| Cash & short-term investments | C$90.2M | C$6.3M | C$3.1M | C$7.9M | C$23.1M | C$2.0M | C$2.4M | C$101,787 | C$130,216 |
| Net debt | −C$89.9M | −C$5.8M | −C$2.2M | −C$7.4M | −C$22.5M | −C$1.7M | −C$2.3M | C$1.9M | C$1.6M |
| Debt / equity | 0.00 | 0.09 | 2.15 | 0.04 | 0.02 | 0.07 | 0.06 | — | — |
| Debt / assets | 0.00 | 0.04 | 0.11 | 0.03 | 0.01 | 0.04 | 0.04 | 4.06 | 2.69 |
| Current ratio | 21.63 | 1.73 | 0.90 | 4.04 | 4.99 | 1.39 | 3.17 | 0.06 | 0.09 |
| Quick ratio | 20.79 | 1.44 | 0.69 | 3.72 | 4.49 | 0.99 | 3.12 | 0.05 | 0.05 |
| Interest coverage | — | — | — | -17.9 | -3.6 | -382.1 | -19.1 | -4.0 | -4.7 |
| Working capital | C$95.2M | C$3.8M | −C$717,017 | C$10.2M | C$26.8M | C$1.2M | C$2.0M | −C$4.4M | −C$3.8M |
| Invested capital | C$6.7M | −C$1.2M | −C$1.8M | C$3.6M | C$12.4M | C$2.1M | −C$101,949 | −C$2.2M | −C$2.0M |
| Tangible asset value | C$96.6M | C$4.6M | C$351,290 | C$10.9M | C$28.4M | C$1.4M | C$2.2M | −C$4.1M | −C$3.6M |
| Net current asset value | C$95.1M | C$3.5M | −C$1.2M | C$9.9M | C$26.4M | C$1.1M | C$1.9M | −C$4.4M | −C$3.8M |
| Capital allocation | |||||||||
| Capex / revenue | 11.9% | 2.5% | 7.5% | 1.1% | 3.0% | 0.5% | 6.4% | 0.9% | 0.1% |
| Capex / depreciation | 2.66 | 0.29 | 0.90 | 0.11 | 0.68 | 0.16 | 1.77 | 0.33 | 0.03 |
| Stock-based compensation / revenue | 18.0% | 18.0% | 30.8% | 43.5% | 56.0% | 58.9% | 55.2% | — | 7.8% |
| R&D / revenue | 25.5% | 14.1% | 23.7% | 8.6% | 7.2% | 13.0% | 1.2% | 1.2% | 7.2% |
| SG&A / revenue | 228.1% | 202.1% | 302.3% | 327.6% | 299.1% | 140.3% | 321.2% | 105.4% | 222.3% |
| Efficiency | |||||||||
| Days sales outstanding | 38.1 | 34.0 | 81.0 | 92.5 | 62.3 | 40.0 | 32.3 | 21.1 | 27.6 |
| Days of inventory on hand | 154.8 | 110.6 | 107.8 | 119.1 | 191.3 | 89.9 | 91.5 | 87.6 | 122.0 |
| Days payables outstanding | 36.4 | 66.1 | 81.7 | 29.8 | 48.7 | 105.3 | 1,903.1 | 1,227.4 | 1,133.6 |
| Cash conversion cycle (days) | 156.5 | 78.5 | 107.0 | 181.8 | 205.0 | 24.6 | -1,779.3 | -1,118.6 | -984.0 |
| Receivables turnover | 9.57 | 10.73 | 4.51 | 3.94 | 5.86 | 9.12 | 11.31 | 17.27 | 13.22 |
| Payables turnover | 10.04 | 5.52 | 4.47 | 12.23 | 7.50 | 3.47 | 0.19 | 0.30 | 0.32 |
| Inventory turnover | 2.36 | 3.30 | 3.39 | 3.06 | 1.91 | 4.06 | 3.99 | 4.17 | 2.99 |
| Asset turnover | 0.14 | 0.71 | 0.57 | 0.27 | 0.29 | 0.85 | 0.74 | 2.45 | 1.32 |
| Average receivables | C$807,486 | C$611,501 | C$1.5M | C$1.9M | C$1.2M | C$478,492 | C$122,045 | C$80,320 | C$62,745 |
| Average payables | C$638,632 | C$934,746 | C$1.0M | C$557,156 | C$588,386 | C$751,095 | C$1.1M | C$1.5M | C$1.4M |
| Average inventory | C$2.7M | C$1.6M | C$1.3M | C$2.2M | C$2.3M | C$641,091 | C$54,874 | C$108,566 | C$155,946 |
| Intangibles / total assets | 0.0% | 0.4% | 0.7% | 1.2% | 15.5% | 34.4% | 0.0% | 2.4% | 5.5% |
Computed from DPRO's annual financial statements (latest annual report filed March 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
DPRO valuation and financial ratios
Draganfly earned a return on equity of −45.4% and a return on invested capital of −596.0% in fiscal 2025. It ended the year with C$0.3 million of debt and C$90.2 million in cash and short-term investments, a net cash position of C$89.9 million.
See the DPRO income statement, the DPRO chart for price history, or the DPRO stock overview for the latest quote and news.
DPRO key metrics FAQ
What is Draganfly's return on equity?
Draganfly's return on equity (ROE) was −45.4% in fiscal 2025: net income of -C$23.0 million on average shareholders' equity of C$50.6 million.
What is Draganfly's ROIC?
Draganfly's return on invested capital was −596.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Draganfly have?
Draganfly had total debt of C$0.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Draganfly's current ratio?
Draganfly's current ratio was 21.63 at the end of fiscal 2025: current assets were 21.63 times current liabilities.