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Side-by-side financial comparison of Draganfly Inc. (DPRO) and Medalist Diversified REIT, Inc. (MDRR). Click either name above to swap in a different company.

Medalist Diversified REIT, Inc. is the larger business by last-quarter revenue ($2.8M vs $1.7M, roughly 1.6× Draganfly Inc.). Medalist Diversified REIT, Inc. runs the higher net margin — -18.8% vs -409.2%, a 390.5% gap on every dollar of revenue. On growth, Medalist Diversified REIT, Inc. posted the faster year-over-year revenue change (11.8% vs -8.7%).

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.

Medalist Diversified REIT, Inc. is a publicly traded real estate investment trust focused on owning, operating, and acquiring income-generating multi-family residential properties. Its portfolio is concentrated in high-growth US Southeast and Mid-Atlantic markets, targeting stable long-term returns for shareholders via rental income and property appreciation.

DPRO vs MDRR — Head-to-Head

Bigger by revenue
MDRR
MDRR
1.6× larger
MDRR
$2.8M
$1.7M
DPRO
Growing faster (revenue YoY)
MDRR
MDRR
+20.6% gap
MDRR
11.8%
-8.7%
DPRO
Higher net margin
MDRR
MDRR
390.5% more per $
MDRR
-18.8%
-409.2%
DPRO

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
DPRO
DPRO
MDRR
MDRR
Revenue
$1.7M
$2.8M
Net Profit
$-7.1M
$-529.6K
Gross Margin
26.6%
Operating Margin
14.8%
Net Margin
-409.2%
-18.8%
Revenue YoY
-8.7%
11.8%
Net Profit YoY
-2.6%
-88.4%
EPS (diluted)
$-0.49

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
DPRO
DPRO
MDRR
MDRR
Q4 25
$2.8M
Q3 25
$2.8M
Q2 25
$2.5M
Q1 25
$2.3M
Q4 24
$2.5M
Q3 24
$2.3M
Q2 24
$1.7M
$2.3M
Q1 24
$2.6M
Net Profit
DPRO
DPRO
MDRR
MDRR
Q4 25
$-529.6K
Q3 25
$-395.9K
Q2 25
$-456.4K
Q1 25
$-1.0M
Q4 24
$-281.2K
Q3 24
$-527.0K
Q2 24
$-7.1M
$-521.7K
Q1 24
$1.4M
Gross Margin
DPRO
DPRO
MDRR
MDRR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
26.6%
Q1 24
Operating Margin
DPRO
DPRO
MDRR
MDRR
Q4 25
14.8%
Q3 25
15.8%
Q2 25
9.8%
Q1 25
-23.8%
Q4 24
17.7%
Q3 24
13.0%
Q2 24
9.4%
Q1 24
Net Margin
DPRO
DPRO
MDRR
MDRR
Q4 25
-18.8%
Q3 25
-14.2%
Q2 25
-18.5%
Q1 25
-43.4%
Q4 24
-11.1%
Q3 24
-22.6%
Q2 24
-409.2%
-22.7%
Q1 24
52.8%
EPS (diluted)
DPRO
DPRO
MDRR
MDRR
Q4 25
$-0.49
Q3 25
$-0.33
Q2 25
$-0.34
Q1 25
$-0.74
Q4 24
$-0.24
Q3 24
$-0.47
Q2 24
$-0.47
Q1 24
$1.21

Balance Sheet & Financial Strength

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

Metric
DPRO
DPRO
MDRR
MDRR
Cash + ST InvestmentsLiquidity on hand
$5.3M
$2.6M
Total DebtLower is stronger
$51.4M
Stockholders' EquityBook value
$-2.6M
$9.4M
Total Assets
$9.9M
$77.7M
Debt / EquityLower = less leverage
5.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DPRO
DPRO
MDRR
MDRR
Q4 25
$2.6M
Q3 25
$1.9M
Q2 25
$2.0M
Q1 25
$2.7M
Q4 24
$4.8M
Q3 24
$3.1M
Q2 24
$5.3M
$3.8M
Q1 24
$3.6M
Total Debt
DPRO
DPRO
MDRR
MDRR
Q4 25
$51.4M
Q3 25
$63.6M
Q2 25
$49.6M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DPRO
DPRO
MDRR
MDRR
Q4 25
$9.4M
Q3 25
$10.4M
Q2 25
$13.4M
Q1 25
$14.0M
Q4 24
$15.0M
Q3 24
$12.6M
Q2 24
$-2.6M
$13.2M
Q1 24
$13.7M
Total Assets
DPRO
DPRO
MDRR
MDRR
Q4 25
$77.7M
Q3 25
$92.1M
Q2 25
$77.7M
Q1 25
$78.2M
Q4 24
$75.1M
Q3 24
$74.6M
Q2 24
$9.9M
$75.2M
Q1 24
$76.0M
Debt / Equity
DPRO
DPRO
MDRR
MDRR
Q4 25
5.45×
Q3 25
6.13×
Q2 25
3.70×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
DPRO
DPRO
MDRR
MDRR
Operating Cash FlowLast quarter
$1.5M
Free Cash FlowOCF − Capex
$77.0K
FCF MarginFCF / Revenue
2.7%
Capex IntensityCapex / Revenue
51.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DPRO
DPRO
MDRR
MDRR
Q4 25
$1.5M
Q3 25
$1.6M
Q2 25
$244.1K
Q1 25
$460.0K
Q4 24
$1.8M
Q3 24
$139.9K
Q2 24
$778.6K
Q1 24
$492.4K
Free Cash Flow
DPRO
DPRO
MDRR
MDRR
Q4 25
$77.0K
Q3 25
$1000.0K
Q2 25
$-181.5K
Q1 25
$322.4K
Q4 24
$893.7K
Q3 24
$-164.7K
Q2 24
$645.6K
Q1 24
$265.8K
FCF Margin
DPRO
DPRO
MDRR
MDRR
Q4 25
2.7%
Q3 25
35.9%
Q2 25
-7.4%
Q1 25
13.9%
Q4 24
35.4%
Q3 24
-7.0%
Q2 24
28.1%
Q1 24
10.3%
Capex Intensity
DPRO
DPRO
MDRR
MDRR
Q4 25
51.5%
Q3 25
20.4%
Q2 25
17.3%
Q1 25
5.9%
Q4 24
35.7%
Q3 24
13.0%
Q2 24
5.8%
Q1 24
8.8%
Cash Conversion
DPRO
DPRO
MDRR
MDRR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DPRO
DPRO

Segment breakdown not available.

MDRR
MDRR

Retail Center Properties$1.6M58%
Other$1.2M42%

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