Draganfly reports record second quarter revenue growth
The drone solutions developer saw revenue rise 26.0% to $2,664,237 for the period
Draganfly Inc. (DPRO), a drone solutions and systems developer, reported revenue of $2,664,237 for the second quarter of 2026, a 26.0% increase over the same period last year. Product sales contributed $2,560,378 to that total, which rose 34.6% year over year.
Gross profit for the quarter was $533,149, up 5.7% from $504,592 in the prior year's second quarter. The company reported a gross margin percentage of 20.0%, compared to 23.9% in the second quarter of 2025. Draganfly attributed the decrease to the sales mix of the products sold. Excluding a one-time non-cash inventory write-down of $43,662, gross profit would have been $576,811 with a gross margin of 21.7%.
The company reported a comprehensive loss of $11,831,664 for the period. This figure included a $3,736,959 one-time share-based compensation grant, the $43,662 inventory write-down, and a negative change in fair value derivative of $8,931. Without these non-cash changes, the comprehensive loss was $8,042,112, compared to an adjusted comprehensive loss of $4,567,128 for the same period last year. Draganfly cited increased costs for research and development, employee and management, travel, and office and miscellaneous expenses as contributors to the year-over-year increase in loss.
Cash reserves rose to $131,908,197 as of June 30, 2026, up from $90,156,821 on December 31, 2025.
Draganfly expanded its product and distribution reach through several new engagements. The company entered into an exclusive distribution and development agreement with ACSL to bring Japanese-manufactured, NDAA-compliant drone systems to the Canadian market. It also launched Draganfly Blitz™, a line of NDAA-compliant optical payloads for critical infrastructure, public safety, and defense applications.
Defense adoption of the company's technology continued as two additional U.S. Department of War units selected the Flex FPV system. Additionally, Chief Executive Officer Cameron Chell appeared before the Canadian Senate’s Standing Committee on National Security, Defence and Veterans Affairs to discuss the sovereign defense technology supply chain and domestic drone manufacturing in Canada.