Draganfly (NASDAQ: DPRO) Reports Record Q2 Revenue as Losses Widen

• Draganfly (NASDAQ: DPRO) reported second-quarter 2026 revenue of CAD 2.66 million, a 26.0% year-over-year increase.
• Gross profit rose 5.7% to CAD 533,149, although gross margin declined to 20.0% from 23.9%.
• The company’s net loss widened to CAD 12.03 million, while comprehensive loss increased to CAD 11.83 million.
• Draganfly ended the quarter with CAD 131.91 million in cash, compared with CAD 90.16 million at the end of 2025.

Draganfly (NASDAQ: DPRO) develops drone systems, software, sensors, and related technology for defense, public safety, agriculture, industrial inspection, security, mapping, and other markets.

On August 10, 2026, Draganfly announced its financial results for the quarter ended June 30, 2026. Unless otherwise indicated, the following amounts are presented in Canadian dollars.

Revenue reached CAD 2.66 million, representing a 26.0% increase from CAD 2.12 million in the corresponding quarter of 2025. Product sales increased 34.6% to CAD 2.56 million, accounting for most of the company’s quarterly revenue. Draganfly described the period as a record quarter. Draganfly’s Q2 earnings release

Gross profit increased 5.7% to CAD 533,149, compared with CAD 504,592 a year earlier. However, gross margin declined to 20.0% from 23.9%, primarily because of the mix of products sold. Excluding a one-time, noncash inventory write-down of CAD 43,662, adjusted gross profit would have been CAD 576,811 and adjusted gross margin would have been 21.7%.

Despite the revenue growth, Draganfly’s losses widened substantially. The company recorded a net loss of CAD 12.03 million, or CAD 0.33 per basic and diluted share, compared with a net loss of CAD 4.76 million, or CAD 0.61 per share, in the prior-year quarter. The smaller per-share loss reflects the increase in the company’s weighted share count rather than an improvement in its total loss.

Total comprehensive loss increased to CAD 11.83 million from CAD 4.75 million a year earlier. The latest result included approximately CAD 3.74 million in one-time share-based compensation, the CAD 43,662 inventory write-down, and a small negative change in the fair value of a derivative. Excluding those items, the company calculated an adjusted comprehensive loss of approximately CAD 8.04 million. Higher office, travel, research and development, employee, and management costs also contributed to the year-over-year increase in losses.

Draganfly’s liquidity position strengthened during the first half of the year. The company reported CAD 131.91 million in cash and CAD 144.09 million in working capital as of June 30, 2026, compared with CAD 90.16 million in cash and CAD 95.24 million in working capital at the end of 2025.

Overall, Draganfly delivered strong revenue and product-sales growth in the second quarter, but rising operating expenses and noncash compensation costs caused its losses to widen.