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Side-by-side financial comparison of Draganfly Inc. (DPRO) and NRX Pharmaceuticals, Inc. (NRXP). Click either name above to swap in a different company.

Draganfly Inc. is the larger business by last-quarter revenue ($1.7M vs $983.0K, roughly 1.8× NRX Pharmaceuticals, Inc.). NRX Pharmaceuticals, Inc. runs the higher net margin — 36.7% vs -409.2%, a 445.9% gap on every dollar of revenue.

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.

NRX Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative therapies for unmet medical needs in central nervous system disorders, including rare neuropsychiatric conditions. Its main target market is the U.S., with lead product candidates addressing severe mood and trauma-related disorders.

DPRO vs NRXP — Head-to-Head

Bigger by revenue
DPRO
DPRO
1.8× larger
DPRO
$1.7M
$983.0K
NRXP
Higher net margin
NRXP
NRXP
445.9% more per $
NRXP
36.7%
-409.2%
DPRO

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
DPRO
DPRO
NRXP
NRXP
Revenue
$1.7M
$983.0K
Net Profit
$-7.1M
$361.0K
Gross Margin
26.6%
Operating Margin
Net Margin
-409.2%
36.7%
Revenue YoY
-8.7%
Net Profit YoY
-2.6%
104.0%
EPS (diluted)

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
NRXP
NRXP
Q4 25
$983.0K
Q3 25
$242.0K
Q2 25
$0
Q1 25
$0
Q3 24
$0
Q2 24
$1.7M
Q2 23
$1.9M
Net Profit
DPRO
DPRO
NRXP
NRXP
Q4 25
$361.0K
Q3 25
$-5.9M
Q2 25
$-17.6M
Q1 25
$-5.5M
Q3 24
$-1.6M
Q2 24
$-7.1M
Q2 23
$-6.9M
Gross Margin
DPRO
DPRO
NRXP
NRXP
Q4 25
Q3 25
59.9%
Q2 25
Q1 25
Q3 24
Q2 24
26.6%
Q2 23
24.6%
Operating Margin
DPRO
DPRO
NRXP
NRXP
Q4 25
Q3 25
-1662.8%
Q2 25
Q1 25
Q3 24
Q2 24
Q2 23
Net Margin
DPRO
DPRO
NRXP
NRXP
Q4 25
36.7%
Q3 25
-2433.9%
Q2 25
Q1 25
Q3 24
Q2 24
-409.2%
Q2 23
-363.8%

Balance Sheet & Financial Strength

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

Metric
DPRO
DPRO
NRXP
NRXP
Cash + ST InvestmentsLiquidity on hand
$5.3M
$7.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-2.6M
$-15.9M
Total Assets
$9.9M
$13.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DPRO
DPRO
NRXP
NRXP
Q4 25
$7.8M
Q3 25
$7.2M
Q2 25
$2.9M
Q1 25
$5.5M
Q3 24
$1.6M
Q2 24
$5.3M
Q2 23
$6.7M
Stockholders' Equity
DPRO
DPRO
NRXP
NRXP
Q4 25
$-15.9M
Q3 25
$-25.8M
Q2 25
$-35.6M
Q1 25
$-25.2M
Q3 24
$-18.8M
Q2 24
$-2.6M
Q2 23
$8.7M
Total Assets
DPRO
DPRO
NRXP
NRXP
Q4 25
$13.0M
Q3 25
$15.0M
Q2 25
$4.8M
Q1 25
$7.6M
Q3 24
$4.5M
Q2 24
$9.9M
Q2 23

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
NRXP
NRXP
Operating Cash FlowLast quarter
$-3.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-10.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DPRO
DPRO
NRXP
NRXP
Q4 25
$-3.7M
Q3 25
$-2.9M
Q2 25
$-4.0M
Q1 25
$-3.5M
Q3 24
$-2.3M
Q2 24
Q2 23
Cash Conversion
DPRO
DPRO
NRXP
NRXP
Q4 25
-10.29×
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q2 23

Financial Flow Comparison

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

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