Draganfly Inc. (DPRO)

Nasdaq: DPRO · Aircraft · Saskatoon, SK · filing with the SEC since 2019

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Grade4.5

◀ Past 4.9● Present 4.4▶ Future 4.3

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Draganfly Inc.

Nine metrics read from its own filings, by tense

Headline grade

4.5/10

◀ Past4.930% of the headline

● Present4.440% of the headline

▶ Future4.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.9/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

7.3/10

Has it survived what it has been through?

No warning events in its filings since 2019.

weight 33% of this tense · 73rd percentile among 15 sector filers · read for itself

From the record

Draganfly Inc.'s filings since 2019 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.9/10

What has it actually done, year after year?

+33.3% a year over 7 filed years; profitable in 0 of 7.

weight 45% of this tense · 49th percentile among 10 sector filers · read for its customers

From the record

Draganfly Inc.'s 7 filed years say what it did: revenue went from CAD 1 million in fiscal 2019 to CAD 8 million in fiscal 2025, up 33.3% a year; it rose in 5 of 6 years; the deepest fall was 14% from fiscal 2022 to fiscal 2023; net income was positive in 0 of 7 of those years (its annual reports).

What it rests on

revenue growth over the filed span33.3%top 44% of its family
the share of years revenue rosetop 39% of its family
the share of filed years with a profitbottom 35% of its family
the deepest fall from a revenue peak13.8%bottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.1/10

How has it treated the people who own it?

SI estimate 1.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 11th percentile among 14 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 11% of 14 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 14 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Draganfly Inc.'s shareholder treatment is put at 1.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 11% of 14 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.8/10

Is it financially healthy right now?

ROE -24%: lost 24¢ per shareholder dollar. Leverage 5%: owes 5¢ per asset dollar.

weight 45% of this tense · 47th percentile among 14 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Draganfly Inc. lost about 24 cents for every dollar of shareholders' money, and gross profitability: its products earned about 1 cents per dollar of everything the company owns. Leverage: it owed about 5 cents per dollar of assets, and net share issuance: its share count grew 397.8% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 11% of its family
return on equitytop 42% of its family
gross profit against assetsbottom 25% of its family
the share count against the year beforebottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

4.0/10

How strong is its position in its industry?

bottom 40% of 12 in its family; net margin -297.3%.

weight 33% of this tense · 40th percentile among 12 sector filers · read for its customers

From the record

Draganfly Inc.'s standing among 12 graded names in its industry family: revenue of CAD 8 million in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of -297.3% ranks in the top 46%; revenue growth of 0.5% a year over the last 3 filed years ranks in the bottom 25% (its annual reports).

What it rests on

net margin-297.3%top 46% of its family
three-year revenue growth0.5%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.4/10

What are the people in charge doing?

SI estimate 4.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 10 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 10 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 10 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Draganfly Inc.'s leadership is put at 4.4 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 10 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

4.0/10

How much room does it have to grow?

bottom 40% of 11 in its family for room to expand.

weight 45% of this tense · 40th percentile among 11 sector filers · read for itself

From the record

Draganfly Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of CAD 90 million against no long-term debt tagged leaves 88.9% of its assets as net cash, top 19% of its family; cash from operations less capital spending is -320.8% of revenue (bottom 32%); a gross margin of 17.1% (bottom 15%); research spending of 12.6% of revenue (bottom 32%) (its annual report).

What it rests on

cash less debt against assets88.9%top 19% of its family
cash from operations less capital spending against revenue-320.8%bottom 32% of its family
gross margin17.1%bottom 15% of its family
research spending against revenue12.6%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

3.9/10

What could actually drive growth from here?

bottom 39% of 10 in its family for growth drivers.

weight 33% of this tense · 39th percentile among 10 sector filers · read for its customers

From the record

Draganfly Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 0.5% a year over the last three filed years against 33.3% over all 7, slowing (bottom 19% of its family); the newest year grew 17.8% (bottom 17%); research spending grew 14.2% a year (bottom 35%); capital spending grew 126.2% a year (top 15%) (its annual reports). Draganfly Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-32.7 points a yearbottom 19% of its family
the newest year's revenue growth17.8%bottom 17% of its family
three-year growth of research spending14.2%bottom 35% of its family
three-year growth of capital spending126.2%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

5.6/10

Did its newest year beat what its own record pointed to?

top 44% of 6 in its family for expectations against reality.

weight 22% of this tense · 56th percentile among 6 sector filers · read for its shareholders

From the record

Draganfly Inc.'s newest year against its own record: revenue of CAD 8 million in fiscal 2025 came in 26.9% above the CAD 6 million its prior three years' pace pointed to (top 50% of its family); net income of CAD 23 million against a prior three-year average of CAD 22 million (top 42%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 42%) (its annual reports).

What it rests on

revenue against the prior three years' pace26.9%top 50% of its family
net income against the prior three years' average-6%top 42% of its family
net margin against its prior average+14.5 pointstop 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DPRO · research, not advice