Draganfly Reports Record Q1 Revenue, $147M Cash Balance Post-Offering

summarizeSummary

Draganfly Inc. announced record first-quarter 2026 revenue, up 49.4% year-over-year, and reported a robust cash balance of $147 million following its recent US$50 million registered direct offering.

check_boxKey Events

• Record Q1 Revenue Growth

  Revenue increased 49.4% year-over-year to $2.31 million, driven by a 44.8% rise in product sales.

• Substantial Cash Balance

  Cash on hand surged to $147.3 million as of March 31, 2026, up from $90.1 million at year-end 2025, reflecting the impact of the recent US$50 million offering.

• Increased Comprehensive Loss & Margin Decline

  The company reported a comprehensive loss of $5.71 million, an increase from $3.43 million in Q1 2025, partly due to non-cash share issuance costs. Gross margin decreased to 15.0% from 20.0% in the prior year.

• Strategic Operational Wins

  Draganfly secured new deployments with Search and Rescue Sweden, an award from the U.S. Air Force Special Operations Command, and continued engagement with the Canadian Army.

auto_awesomeAnalysis

Draganfly's first-quarter results show strong revenue growth and a significantly bolstered cash position, largely due to the recent US$50 million offering. While the company reported an increased comprehensive loss and a lower gross margin, the substantial cash balance provides a critical financial runway and supports ongoing operational expansion.