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Side-by-side financial comparison of BIOMERICA INC (BMRA) and Draganfly Inc. (DPRO). Click either name above to swap in a different company.

Draganfly Inc. is the larger business by last-quarter revenue ($1.7M vs $1.2M, roughly 1.4× BIOMERICA INC). BIOMERICA INC runs the higher net margin — -109.1% vs -409.2%, a 300.1% gap on every dollar of revenue. On growth, Draganfly Inc. posted the faster year-over-year revenue change (-8.7% vs -26.0%).

Biomerica Inc. is a global medical technology company that develops, manufactures and markets diagnostic test kits and related medical products. Its portfolio covers gastrointestinal conditions, infectious diseases, food intolerances and point-of-care testing solutions, serving clinical labs, healthcare providers and retail healthcare segments across North America, Europe and Asia.

Draganfly Inc. is a technology firm specializing in commercial drone design, manufacturing, and sales, plus supporting software and custom aerial data solutions. It serves public safety, agriculture, industrial inspection, disaster response, and mapping segments, with core North American markets and a global client base.

BMRA vs DPRO — Head-to-Head

Bigger by revenue
DPRO
DPRO
1.4× larger
DPRO
$1.7M
$1.2M
BMRA
Growing faster (revenue YoY)
DPRO
DPRO
+17.3% gap
DPRO
-8.7%
-26.0%
BMRA
Higher net margin
BMRA
BMRA
300.1% more per $
BMRA
-109.1%
-409.2%
DPRO

Income Statement — Q2 FY2026 vs Q2 FY2024

Metric
BMRA
BMRA
DPRO
DPRO
Revenue
$1.2M
$1.7M
Net Profit
$-1.3M
$-7.1M
Gross Margin
4.2%
26.6%
Operating Margin
-113.5%
Net Margin
-109.1%
-409.2%
Revenue YoY
-26.0%
-8.7%
Net Profit YoY
-38.9%
-2.6%
EPS (diluted)
$-0.45

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BMRA
BMRA
DPRO
DPRO
Q4 25
$1.2M
Q3 25
$1.4M
Q1 25
$1.1M
Q4 24
$1.6M
Q3 24
$1.8M
Q2 24
$1.1M
$1.7M
Q1 24
$1.0M
Q4 23
$1.6M
Net Profit
BMRA
BMRA
DPRO
DPRO
Q4 25
$-1.3M
Q3 25
$2.0K
Q1 25
$-1.2M
Q4 24
$-950.0K
Q3 24
$-1.3M
Q2 24
$-1.4M
$-7.1M
Q1 24
$-1.9M
Q4 23
$-1.5M
Gross Margin
BMRA
BMRA
DPRO
DPRO
Q4 25
4.2%
Q3 25
30.7%
Q1 25
1.7%
Q4 24
26.7%
Q3 24
16.0%
Q2 24
2.1%
26.6%
Q1 24
-14.7%
Q4 23
20.7%
Operating Margin
BMRA
BMRA
DPRO
DPRO
Q4 25
-113.5%
Q3 25
-81.0%
Q1 25
-108.1%
Q4 24
-60.7%
Q3 24
-75.7%
Q2 24
-136.6%
Q1 24
-196.7%
Q4 23
-102.6%
Net Margin
BMRA
BMRA
DPRO
DPRO
Q4 25
-109.1%
Q3 25
0.1%
Q1 25
-103.9%
Q4 24
-58.1%
Q3 24
-72.8%
Q2 24
-127.1%
-409.2%
Q1 24
-188.6%
Q4 23
-96.2%
EPS (diluted)
BMRA
BMRA
DPRO
DPRO
Q4 25
$-0.45
Q3 25
$0.00
Q1 25
$-0.48
Q4 24
$-0.06
Q3 24
$-0.63
Q2 24
$-2.57
Q1 24
$-0.11
Q4 23
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BMRA
BMRA
DPRO
DPRO
Cash + ST InvestmentsLiquidity on hand
$2.5M
$5.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.4M
$-2.6M
Total Assets
$6.0M
$9.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BMRA
BMRA
DPRO
DPRO
Q4 25
$2.5M
Q3 25
$3.1M
Q1 25
$3.1M
Q4 24
$2.4M
Q3 24
$2.8M
Q2 24
$4.2M
$5.3M
Q1 24
$5.3M
Q4 23
$7.1M
Stockholders' Equity
BMRA
BMRA
DPRO
DPRO
Q4 25
$4.4M
Q3 25
$5.2M
Q1 25
$5.5M
Q4 24
$5.1M
Q3 24
$5.3M
Q2 24
$6.6M
$-2.6M
Q1 24
$7.8M
Q4 23
$9.4M
Total Assets
BMRA
BMRA
DPRO
DPRO
Q4 25
$6.0M
Q3 25
$6.9M
Q1 25
$7.4M
Q4 24
$7.3M
Q3 24
$7.9M
Q2 24
$9.3M
$9.9M
Q1 24
$10.3M
Q4 23
$11.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BMRA
BMRA
DPRO
DPRO
Operating Cash FlowLast quarter
$-991.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BMRA
BMRA
DPRO
DPRO
Q4 25
$-991.0K
Q3 25
$-268.0K
Q1 25
$-1.0M
Q4 24
$-791.0K
Q3 24
$-1.3M
Q2 24
$-1.0M
Q1 24
$-1.8M
Q4 23
$-842.0K
Free Cash Flow
BMRA
BMRA
DPRO
DPRO
Q4 25
Q3 25
Q1 25
Q4 24
Q3 24
Q2 24
$-1.1M
Q1 24
Q4 23
$-848.0K
FCF Margin
BMRA
BMRA
DPRO
DPRO
Q4 25
Q3 25
Q1 25
Q4 24
Q3 24
Q2 24
-95.5%
Q1 24
Q4 23
-54.1%
Capex Intensity
BMRA
BMRA
DPRO
DPRO
Q4 25
Q3 25
Q1 25
Q4 24
Q3 24
Q2 24
2.1%
Q1 24
0.0%
Q4 23
0.4%
Cash Conversion
BMRA
BMRA
DPRO
DPRO
Q4 25
Q3 25
-134.00×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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