Draganfly reported a 26.0% year-over-year revenue increase for the second quarter of 2026, reaching $2.66 million and slightly exceeding analyst consensus. The growth was primarily propelled by a 34.6% surge in product sales. However, the company realized a wider-than-expected comprehensive loss of $11.8 million, or $0.33 per share, largely due to $3.7 million in one-time share-based compensation and increased operational expenditures across R&D and management. Despite margin pressure from a shifting sales mix, the company significantly bolstered its liquidity position.
Key Highlights
- Revenue rose to $2.66 million from $2.12 million in the prior year, driven by strong demand in the drone solutions sector.
- Gross margin declined to 20.0% compared to 23.9% in the same period last year, impacted by product sales mix and a non-cash inventory write-down.
- Cash and equivalents increased to $131.9 million as of June 30, 2026, up from $90.2 million at the end of 2025.
- Expanded defense footprint with new U.S. Department of War selections for the Flex FPV system and a counter-UAS development project.