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Draganfly (DPRO) investor relations material
Draganfly Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached CAD 2.16 million (USD 2.16M), up 14.4% year-over-year, with product sales at CAD 1.62 million and services at CAD 530,000; product sales increased 22.1% over last year.
Gross profit was CAD 421,000 (USD 420,947), with gross margin at 19.5% versus 23.4% in Q3 2024, impacted by a one-time inventory write-down.
Cash balance as of September 30, 2025, was CAD 69.9 million (USD 69.88M), up from CAD 6.3 million (USD 6.25M) at December 31, 2024.
Major operational highlights include the launch of the Outrider Southern Border drone, new military board appointments, and key partnerships with Palladyne AI, Drone Nerds, Global Ordnance, and Autonome Labs.
Significant U.S. Army order for FPV drones, Commander 3XL UAV selection by U.S. DoD, and Fortune 50 telecom company began purchasing heavy-lift drones.
Financial highlights
Q3 2025 revenue increased 14.4% year-over-year to CAD 2.16 million (USD 2.16M); nine-month revenue totaled USD 5.82M, up from USD 4.95M.
Gross profit was CAD 421,000 (USD 420,947), impacted by a one-time non-cash inventory write-down; adjusted gross profit would have been CAD 464,000.
Gross margin (adjusted) was 21.5% versus 32.7% last year; Q3 2025 gross margin was 19.5%, down from 23.4% in Q3 2024.
Total comprehensive loss was CAD 5.4 million (USD 5.43M), or CAD 3.6 million (USD 3.58M) excluding non-cash items.
Cash and cash equivalents increased by USD 63.63M during the quarter, primarily due to a USD 25M direct offering.
Outlook and guidance
Military orders are expected to dominate revenue in 2026, potentially accounting for up to 90% due to large contracts.
Production capacity is set to quadruple by end of next year with seven new U.S. plants coming online.
Expansion of U.S. manufacturing footprint to meet growing demand for scalable, American-made drone solutions.
No acute need for additional capital raises; focus remains on prudent, opportunistic acquisitions centered on talent and scalability.
Company expects to achieve EBITDA and cash flow positivity over time.
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