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.
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.
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
Investment Themes
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 | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 6-K | $4.19 $3.58 | ▼ −14.56% | ▼ −13.41% | $3.35 (−20.05%) |
Oct 13, 2026 13d ago | 6-K | $4.19 $3.58 | ▼ −14.56% | ▼ −13.41% | $3.35 (−20.05%) |
Oct 8, 2026 18d ago | 6-K | $4.40 $3.70 | ▼ −15.91% | ▼ −13.94% | $3.35 (−23.86%) |
Sep 30, 2026 26d ago | 6-K | $6.08 $4.70 | ▲ +22.70% | ▲ +24.61% | $3.35 (+44.90%) |
Sep 28, 2026 28d ago | 6-K | $5.60 $4.90 | ▲ +12.42% | ▲ +13.63% | $3.35 (+40.13%) |
Sep 16, 2026 5w ago | 6-K | $5.43 $5.36 | ▼ −1.29% | ▼ −3.85% | $3.35 (−38.31%) |
Sep 11, 2026 6w ago | 6-K | $5.61 $5.62 | ▲ +0.18% | ▲ +0.40% | $3.35 (−40.29%) |
Sep 1, 2026 7w ago | 6-K | $5.38 $5.77 | ▲ +7.25% | ▲ +7.17% | $3.35 (−37.73%) |
Aug 25, 2026 8w ago | 6-K | $4.33 $5.38 | ▲ +24.25% | ▲ +24.79% | $3.35 (−22.63%) |
Aug 10, 2026 11w ago | Press Release | $4.43 $4.46 | ▼ −0.68% | ▼ −1.08% | $3.35 (+24.38%) |
US Market Status
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