Quarterly ResultMay 11, 2026, 04:58 PM
Draganfly Q1 2026 Net Loss $5.63M; Cash $147.3M after $68.3M Financing
AI Summary
Draganfly Inc. reported a net loss of $5.63 million for Q1 2026, an increase from $3.42 million in Q1 2025. Despite the increased loss, the company significantly boosted its cash position to $147.3 million as of March 31, 2026, up from $90.16 million at year-end 2025, primarily due to a $68.28 million financing round in February 2026. Total revenue for the quarter grew to $2.31 million from $1.55 million year-over-year, while operating expenses more than doubled.
Key Highlights
- Secured $68.28 million in financing, issuing 5.03 million common shares and 2.12 million pre-funded warrants.
- Cash and cash equivalents surged to $147.34 million as of March 31, 2026, from $90.16 million at Dec 31, 2025.
- Total assets increased to $161.14 million from $101.39 million at Dec 31, 2025.
- Reported a net loss of $5.63 million for Q1 2026, compared to a $3.42 million net loss in Q1 2025.
- Total revenue increased 49.4% to $2.31 million in Q1 2026 from $1.55 million in Q1 2025.
- Gross profit rose to $347,761 in Q1 2026 from $310,088 in Q1 2025.
- Operating expenses more than doubled to $7.96 million from $3.91 million year-over-year.
- Net loss per share improved to $(0.17) from $(0.63) due to increased share count.