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Draganfly (DPRO)
NASDAQ:DPRO
US Market
EarningsQ2 2026 Earnings Report

Draganfly (DPRO) Q2 2026 Earnings Report

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DPRO Q2 2026 EPS Results

Actual EPS-$0.23
Consensus EPS-$0.13
Beat/MissMissed by -$0.10
One Year Ago EPS-$0.43

DPRO Q2 2026 Revenue Results

Actual Revenue$1.87M
Expected Revenue$2.40M
Beat/MissMissed by -$527.81K
YoY Revenue Growth+25.95%

Earnings Announcement Details

QuarterQ2 2026
Date08/10/2026
TimeAfter Close
Conference CallMonday, August 10, 2026
DPRO Upcoming Earnings
Draganfly's next earnings date is estimated for November 11, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

DPRO Q2 2026 Earnings Call
0:00 / 0:00

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026
Earnings Call Date:Aug 10, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presented a mix of meaningful operational and strategic progress (record quarter revenue growth, large cash balance from financing, major partnerships and a significant DEVCOM contract, acquisition to bolster product capabilities) alongside material near‑term financial headwinds (a substantially larger comprehensive loss, margin compression, rising operating costs and revenue ramp/qualification delays). Strategic wins and a strong balance sheet position the company for future growth, but current profitability and the timing of contract conversions remain notable concerns.
Company Guidance
Management guided a measured, capacity-driven ramp: the company reported Q2 FY2026 revenue of $2.664M (up 26% YoY) with product sales of about $2.5M, gross profit of $533,100 and an adjusted gross margin of 21.7%, while balance-sheet metrics include cash of $131.9M, total assets of $154M, working capital of $144M and shareholder equity of $148.9M; near-term operational guidance calls for rolling out the IACLEA campus program (an exclusive deal covering 3,000 campuses) from an immediate pipeline of 50+ campuses by deploying the first 3 campuses next quarter, then ~3 more each quarter with a full-scale “open the spigot” rollout targeted for Q2 FY2027, alongside expected Canadian procurements by year-end, pursuit of the 100‑nautical‑mile Lucas program via the Skip Dynamix fixed‑wing (thermoform) line that can be mass‑produced at low four‑figure unit cost and “tens of thousands” per month capacity, and maturation of a DEVCOM counter‑drone contract that management says could translate into hundreds of millions of dollars of revenue over time.
Record Quarter Revenue Growth
Revenue of $2.66M in Q2 2026, a year‑over‑year increase of ~26% (from ~$2.1M in Q2 2025). Quarter‑over‑quarter revenue rose ~15.2% (from ~$2.3M in Q1 2026). Product sales were ~$2.6M (services ~$0.1M).
Strong Cash and Balance Sheet Strength
Cash balance of $131.9M at quarter end after a February financing; total assets increased from $101.3M to $154M. Working capital surplus of $144M (vs $95.2M year‑end 2025) and shareholder equity of $148.9M (vs $96.6M). Minimal debt.
Major Strategic Contracts and Partnerships
Exclusive deal with IACLEA covering 3,000 campuses and an immediate pipeline of 50+ campuses; signed Small and Rural Association representing ~80% of U.S. police forces; awarded DEVCOM contract to develop an ultra‑light, mobile counter‑drone system (company cites potential for hundreds of millions in revenue internationally); ACSL partnership to bring NDAA‑compliant Japanese drones into Canada (exclusive) and the U.S.; launch of Blitz camera partnership (new optics line).
Acquisition and Product Technology Wins
Completed acquisition of Skip Dynamix (founders with Navy/USMC FPV heritage) adding fixed‑wing/FPV technology and thermoform manufacturing that management says enables mass production (tens of thousands/month) at low (four‑figure) unit cost. Flex FPV selected by two additional U.S. Department of War Special Forces units. Product portfolio expansion includes Flex, APEX, Commander, Heavy Lift/Outrider (hybrid: up to 7‑hour flight time with 67 kg payload) and ORCA fixed‑wing.
Progress on International and Government Engagement
CEO engagement with Canadian Senate and NATO leaders; management expects significant Canadian procurements later this year and highlights manufacturing presence in both Canada and the U.S. as a strategic advantage for NATO and international opportunities.

DPRO Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Nov 11, 2026
2026 (Q3)
-0.16 / -
-0.175―
2026 (Q2)
-0.13 / -0.23
-0.42845.90% (+0.20)
2026 (Q1)
-0.10 / -0.12
-0.44273.02% (+0.32)
2025 (Q4)
-0.13 / -0.23
-0.77870.27% (+0.55)
2025 (Q3)
-0.18 / -0.18
-0.042-316.67% (-0.13)
2025 (Q2)
-0.37 / -0.43
-1.75375.60% (+1.33)
2025 (Q1)
-0.45 / -0.44
-0.52616.00% (+0.08)
Mar 27, 2025
2024 (Q4)
-0.53 / -0.78
-1.40244.50% (+0.62)
2024 (Q3)
-0.81 / -0.04
-2.27998.15% (+2.24)
2024 (Q2)
-1.23 / -1.75
-2.80537.50% (+1.05)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed