DPRO Draganfly Inc.
Price Chart
Executive Summary
Draganfly reported record Q1 2026 revenue of $2.31M, up 49.4% YoY, but net loss widened to -$5.63M from -$3.42M, and operating loss grew to -$7.62M. The company also disclosed a $2.41M share issuance cost from a February financing and a $105K inventory write-down. While revenue growth is strong, the expanding losses and declining gross margin (15.0% vs 20.0%) temper the positive top-line story.
Actionable Insight
Revenue growth is strong but losses are widening faster than revenue, and gross margin is compressing. The $147M cash position provides runway, but the February financing added significant share count dilution. Watch for the earnings call for guidance on margin trajectory and operating expense control.
Key Facts
- Q1 2026 revenue of $2,312,353, up 49.4% YoY from $1,547,715
- Product sales of $2,232,132, up 44.8% YoY
- Gross profit of $347,761, up 12.1% YoY; gross margin fell to 15.0% from 20.0%
- Net loss of -$5,628,866 vs -$3,424,825 in Q1 2025
- Operating loss of -$7,615,462 vs -$3,600,947 in Q1 2025
- Cash balance of $147,339,721 as of March 31, 2026, up from $90,156,821 at Dec 31, 2025
- Share count increased to 36,495,939 from 29,344,775 at Dec 31, 2025
- CEO Cameron Chell appointed Executive Chairman
- U.S. Air Force Special Operations Command drone award with DelMar Aerospace
- Palladyne AI SwarmOS integration milestone completed
Financial Impact
Revenue grew ~$765K YoY; net loss worsened by ~$2.2M; operating expenses nearly doubled to $7.96M
Risk Factors
- Operating expenses nearly doubled YoY, outpacing revenue growth
- Gross margin declined from 20.0% to 15.0% (or 19.6% adjusted for inventory write-down)
- Share count increased 24% since year-end, diluting existing holders
- Net loss per share improved only due to higher share count
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-022294 |
| Document: form6-k.htm | 0001493152-26-022294 |
| Document: 0001493152-26-022294-index-headers.html | 0001493152-26-022294 |
| Document: 0001493152-26-022294-index.html | 0001493152-26-022294 |
| Document: 0001493152-26-022294.txt | 0001493152-26-022294 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 20, 2026
1d ago
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6-K
| $5.26 awaiting T+5 | awaiting T+5 | — | $6.13 (+16.44%) |
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May 19, 2026
1d ago
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6-K
| $5.27 awaiting T+5 | awaiting T+5 | — | $6.13 (+16.22%) |
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May 19, 2026
1d ago
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6-K
| $5.33 awaiting T+5 | awaiting T+5 | — | $6.13 (+14.92%) |
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May 18, 2026
3d ago
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Press Release
| $5.34 awaiting T+5 | awaiting T+5 | — | $6.13 (+14.70%) |
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May 11, 2026
9d ago
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6-K
| $5.39 $5.27 | ▼ −2.23% | ▼ −2.30% | $6.13 (+13.64%) |
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May 8, 2026
12d ago
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6-K
| $5.54 $5.27 | ▼ −4.87% | ▼ −4.79% | $6.13 (+10.56%) |
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May 7, 2026
13d ago
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6-K
| $5.22 $5.31 | ▲ +1.72% | ▲ +0.22% | $6.13 (+17.34%) |
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May 7, 2026
14d ago
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Press Release
| $5.22 $5.31 | ▲ +1.72% | ▲ +0.22% | $6.13 (+17.34%) |
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Apr 15, 2026
5w ago
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6-K
| $5.94 $6.49 | ▲ +9.26% | ▲ +7.62% | $6.13 (+3.11%) |
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Apr 10, 2026
5w ago
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6-K
| $5.46 $5.94 | ▲ +8.79% | ▲ +4.29% | $6.13 (+12.18%) |
US Market Status
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