Business
Draganfly Reports Record Q4 and Year End Results
Saskatoon, SK., March 24, 2026 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FS...
About this update from Draganfly Inc
[{"type":"text","content":"Draganfly Reports Record Q4 and Year End Results\nSaskatoon, SK., March 24, 2026 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its fourth quarter and fiscal 2025 financial results. Revenue for the fourth quarter was up 18.5% year over year. Total 2025 revenue increased 17.8%. Key Financial Highlights for 2025: ‎Total revenue for the year ended December 31, 2025, was $7,731,163, an increase of 17.8% from the prior year. Product sales increased $1,501,339, from $5,368,476 in 2024 to $6,869,815 in 2025, an increase of 28.0% year over year. Services revenue decreased $331,231or 27.7% from $1,192,579 in 2024 to $861,348 in 2025.Gross Profit was $1,321,336, a decrease of $76,868 or 5.5% from the prior year. As a percentage of sales, gross margin decreased from 21.3% in 2024 to 17.1% in 2025. This year’s gross profit included a one-time non-cash write-down of inventory of $259,091 while 2024’s gross profit included a non-cash downward adjustment of $627,105. Excluding these adjustments, gross profit would have been $1,580,427 compared to $2,025,309 last year. As a percentage of sales, adjusted gross margin decreased from 30.9% in 2024 to 20.4% in 2025.The Company recorded a comprehensive loss including all non-cash items of $22,979,770 compared to a comprehensive loss of $14,062,534 in 2024. The comprehensive loss for the year ended December 31, 2025 included non-cash changes comprised of a loss in fair value of derivative liability from warrants of $2,648,288, a recovery of impairment of notes receivable of $69,646, and a write down of inventory of $259,091, and would otherwise have been a comprehensive loss of $20,142,037 compared to a comprehensive loss of $15,318,067 excluding non-cash items in the same period in 2024. The increase in loss is primarily due to increased office and miscellaneous, travel, and employee and management expenses.The Company’s cash balance on December 31, 2025, was $90,156,821. Key Financial and Operational Highlights for Q4 2025: Fourth quarter revenue was $1,912,199 compared to $1,613,162 for Q4 2024, an increase of 18.5%, which was largely due to a year over year increase in product sales sligh...