DPRO
Draganfly Inc.

Draganfly Inc.DPRO

Technology · Computer Hardware
5.54USD
-2.29%
Sep 23, 2026
DPRO overview ready
NDAA-Compliant Small-UAS Manufacturer Integrating Counter-Drone Solutions
Direct manufacturer and integrator of NDAA-compliant small-UAS platforms, mission payloads, software, engineering, training, and selected counter-UAS system integrations for defense, public-safety, and commercial users.
Strong narrative exposure
Exposed to the Defense Rearmament and Industrial Base narrative through Unmanned Systems and Counter-Drone — pure play.
Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Negative operating margins and ongoing losses.
Market Sep 22Price action Sep 22Research Aug 30

Conviction Level

NarrativeHeat8.3ThemeHeat8.0PriceAction9.1Valuation0.3CompanyPosition7.3
Price
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Price Action

Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$208.8M
Avg Volume (60D)
1.3M
60 sessions
Revenue Growth YoY
+27.3%
Trailing twelve months
Gross Margin
+10.3%
Trailing twelve months
Operating Margin
-398.9%
Trailing twelve months
Distance from 200DMA
-9.8%
Next Earnings
2026-11-12
EV / Sales
17.7x
Market metrics as of Sep 22, 2026

Fundamentals & Valuation

One of the two valuation perspectives says expensive; intrinsic is the dissenting view.
Draganfly Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
Direct manufacturer and integrator of NDAA-compliant small-UAS platforms, mission payloads, software, engineering, training, and selected counter-UAS system integrations for defense, public-safety, and commercial users. DPRO is a genuine, but smaller and less-proven, participant in the active defense-unmanned-systems demand cycle.
Opportunity
High opportunity
Defense and allied procurement of tactical unmanned aircraft, mission payloads, drone-system integration, and counter-UAS capabilities as low-cost drones become central to reconnaissance, force protection, and battlefield operations.
Key risk
Negative operating margins and ongoing losses.

Narrative & Theme

Defense Rearmament and Industrial Base
Part of Unmanned Systems and Counter-Drone, with moderate fit.
DPRO is a genuine, but smaller and less-proven, participant in the active defense-unmanned-systems demand cycle.
Narrative HeatHeating up8.3 / 10
Theme HeatHeating up8.0 / 10

Business & Markets

Technology · Computer Hardware
What they do

Draganfly Inc. develops, manufactures, and sells unmanned aerial and ground data collection platforms and related software primarily in the US and Canada.

How it earns

The company generates revenue through transactional sales of hardware and software products, as well as project-based services including training and custom engineering.

Products & services
Multirotor drones (e.g., Commander 3 XL, Heavy Lift)
Fixed-wing aircraft
Ground-based robots
Handheld controllers
Flight training
Tracking and data collection software
Custom engineering and GIS data services
Customers & end markets
Government and public safety agencies
Commercial enterprises requiring remote data collection
Market position

Niche player specializing in unmanned aerial and ground data collection systems with a focus on integrated hardware and software solutions.

Demand drivers
Medium cyclicality

Demand is influenced by government and commercial spending cycles as well as technology adoption rates.