DPRO Stock Analysis: Draganfly | NASDAQ
Computer Hardware | NASDAQ, USA | Market Cap: 189m USD | 12M Return: 168% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.82M
Qual. Beats: 0
Rev. Trend: 67.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality
Draganfly Inc. (NASDAQ: DPRO) is a Canadian designer, manufacturer, and seller of unmanned aerial vehicles (UAVs) and related data collection platforms, operating primarily in the United States and Canada. Its product lineup includes quadcopters, fixed-wing aircraft, ground-based robots, handheld controllers, and supporting software for tracking, live streaming, and data capture. The company also generates revenue from custom engineering, training, flight services, geographic information systems (GIS) data, and its Airwash service offering. Founded in 1998 and headquartered in Saskatoon, Canada, Draganfly is one of the longest-operating commercial drone manufacturers in North America.
The company produces several proprietary multirotor drone models, including the Commander 3 XL, Heavy Lift, Commander 2, Apex, Flex FPV, and long-range LiDAR drones, and sells into a diverse set of end markets such as public safety, civil and military applications, agriculture, industrial inspection, and mapping and surveying. This breadth of end markets is typical of the broader commercial drone (UAS) industry, where vendors commonly combine hardware sales with software, data, and service offerings to address sector-specific use cases.
Draganfly trades on NASDAQ following a 2019 IPO and is classified under the GICS Industrials sector, specifically within Industrial Machinery & Supplies & Components. Its business model blends capital equipment sales (drones, controllers, accessories) with recurring or project-based services such as training, flight operations, and geospatial data delivery, giving it exposure to both hardware demand and the growing market for drone-enabled analytics across government and commercial customers.
- Defense and military contract awards accelerate revenue growth
- FAA BVLOS regulations unlock commercial drone market expansion
- Capital raises and share dilution offset operating cash burn
| Net Income: -25.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.18 > 0.02 and ΔFCF/TA 176.2 > 1.0 |
| NWC/Revenue: 1.82k% < 20% (prev 10.40%; Δ 1.81k% < -1%) |
| CFO/TA -0.18 > 3% & CFO -28.2m > Net Income -25.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 30.63 > 1.5 & < 3 |
| Outstanding Shares: last quarter (32.4m) vs 12m ago 925.4% < -2% |
| Gross Margin: 16.00% > 18% (prev 21.07%; Δ -5.07% > 0.5%) |
| Asset Turnover: 10.11% > 50% (prev 97.98%; Δ -87.87% > 0%) |
| Interest Coverage Ratio: -65.34 > 6 (EBIT TTM -24.8m / Interest Expense TTM 380k) |
| A: 0.96 (Total Current Assets 159.6m - Total Current Liabilities 5.21m) / Total Assets 161.1m |
| B: -0.91 (Retained Earnings -146.1m / Total Assets 161.1m) |
| C: -0.30 (EBIT TTM -24.8m / Avg Total Assets 84.0m) |
| D: 29.10 (Book Value of Equity 155.8m / Total Liabilities 5.35m) |
| Altman-Z'' = 31.90 = AAA |
| DSRI: 1.60 (Receivables 1.16m/578k, Revenue 8.50m/6.78m) |
| GMI: 1.32 (GM 21.07% / 16.00%) |
| AQI: 0.01 (AQ_t 0.00 / AQ_t-1 0.03) |
| SGI: 1.25 (Revenue 8.50m / 6.78m) |
| TATA: 0.02 (NI -25.2m - CFO -28.2m) / TA 161.1m) |
| Beneish M = -2.65 (Cap -4..+1) = A |
As of July 05, 2026, the stock is trading at USD 5.12 with a total of 1,015,995 shares traded. Over the past week, the price has changed by -8.29%, over one month by -14.78%, over three months by -6.16% and over the past year by +167.97%.
Current recommended Stop Loss: 4.50 (which is 12.1% or 1.2 ATR below the current price).
Draganfly has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy DPRO.
- StrongBuy: 0
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 11.4 | 123.2% |
Market Cap CAD = 268.0m (188.8m USD * 1.4194 USD.CAD)
P/S = 22.2275
P/B = 1.7714
Revenue TTM = 8.50m CAD
EBIT TTM = -24.8m CAD
EBITDA TTM = -24.4m CAD
Long Term Debt = 107k CAD (estimated: total debt 233k - short term 126k)
Short Term Debt = 126k CAD (from shortTermDebt, last quarter)
Debt = 233k CAD (from shortLongTermDebtTotal, last quarter) (leases 233k already included)
Net Debt = -147.1m CAD (calculated: Debt 233k - CCE 147.3m)
Enterprise Value = 120.9m CAD (268.0m + Debt 233k - CCE 147.3m)
Interest Coverage Ratio = -65.34 (Ebit TTM -24.8m / Interest Expense TTM 380k)
EV/FCF = -4.12x (Enterprise Value 120.9m / FCF TTM -29.3m)
FCF Yield = -24.24% (FCF TTM -29.3m / Enterprise Value 120.9m)
FCF Margin = -345.1% (FCF TTM -29.3m / Revenue TTM 8.50m)
Net Margin = -296.4% (Net Income TTM -25.2m / Revenue TTM 8.50m)
Gross Margin = 16.00% ((Revenue TTM 8.50m - Cost of Revenue TTM 7.14m) / Revenue TTM)
Gross Margin QoQ = 15.04% (prev 4.48%)
Tobins Q-Ratio = 0.75 (Enterprise Value 120.9m / Total Assets 161.1m)
Interest Expense / Debt = 163.0% (Interest Expense 380k / Debt 233k)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -19.6m (EBIT -24.8m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 30.63 (Total Current Assets 159.6m / Total Current Liabilities 5.21m)
Debt / Equity = 0.00 (Debt 233k / totalStockholderEquity, last quarter 155.8m)
Debt / EBITDA = 6.03 (negative EBITDA) (Net Debt -147.1m / EBITDA -24.4m)
Debt / FCF = 5.02 (negative FCF - burning cash) (Net Debt -147.1m / FCF TTM -29.3m)
Total Stockholder Equity = 86.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -29.97% (Net Income -25.2m / Total Assets 161.1m)
RoE = -29.13% (Net Income TTM -25.2m / Total Stockholder Equity 86.4m)
RoCE = -28.66% (EBIT -24.8m / Capital Employed (Equity 86.4m + L.T.Debt 107k))
RoIC = -12.59% (negative operating profit) (NOPAT -19.6m / Invested Capital 155.6m)
WACC = 13.19% (E(268.0m)/V(268.3m) * Re(13.20%) + (debt cost/tax rate unavailable))
Discount Rate = 13.20% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 86.67 | Cagr: 253.2%
[DCF] Fair Price = unknown (Cash Flow -29.3m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.04 | # QB: 0
Revenue Correlation: 67.18 | Revenue CAGR: 8.05% | SUE: -0.49 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.20 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.19 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.84 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+57.4% | GrowthRev=+128.5%
EPS next Year (2027-12-31): EPS=-0.69 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+17.9% | GrowthRev=+134.1%