Draganfly reported a 26% year-over-year increase in revenue for the second quarter of 2026, primarily driven by growth in hardware sales. Despite the top-line beat, the company experienced a significant widening of its net loss to $12.0 million, compared to $4.8 million in the prior-year period, largely due to a sharp rise in non-cash compensation and operational scaling costs.
Key Highlights
- Total revenue reached $2.66 million, up from $2.12 million YoY, exceeding the analyst consensus of $2.56 million.
- Operating expenses surged to $16.1 million from $5.0 million YoY, heavily impacted by $4.9 million in share-based payments and increased research and development spending.
- Net loss per share widened to $0.33 from $0.61 YoY (on a higher share count), missing the estimated $0.11 loss as administrative overhead scaled faster than revenue.
- The company maintains a robust cash position of $131.9 million as of June 30, 2026, following significant financing activities earlier in the year.