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

Pony AI Inc. is the larger business by last-quarter revenue ($2.1M vs $1.7M, roughly 1.2× Draganfly Inc.). Pony AI Inc. runs the higher net margin — -284.8% vs -409.2%, a 124.5% 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.

Pony Canyon Inc. , also known by the shorthand form Ponican , is a Japanese company, established on October 1, 1966, which distributes music, films, home video, and video games. It is affiliated with the Japanese media group Fujisankei Communications Group. Pony Canyon is a major leader in the music industry in Japan, with its artists regularly at the top of the Japanese charts. Pony Canyon is also responsible for releasing taped concerts from its artists as well as many anime productions and...

DPRO vs PONY — Head-to-Head

Bigger by revenue
PONY
PONY
1.2× larger
PONY
$2.1M
$1.7M
DPRO
Higher net margin
PONY
PONY
124.5% more per $
PONY
-284.8%
-409.2%
DPRO

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
DPRO
DPRO
PONY
PONY
Revenue
$1.7M
$2.1M
Net Profit
$-7.1M
$-5.9M
Gross Margin
26.6%
9.2%
Operating Margin
-275.3%
Net Margin
-409.2%
-284.8%
Revenue YoY
-8.7%
Net Profit YoY
-2.6%
EPS (diluted)
$-3.51

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
PONY
PONY
Q3 25
$2.1M
Q2 25
$1.7M
Q1 25
$1.9M
Q2 24
$1.7M
Q2 23
$1.9M
Net Profit
DPRO
DPRO
PONY
PONY
Q3 25
$-5.9M
Q2 25
$-4.3M
Q1 25
$-5.2M
Q2 24
$-7.1M
Q2 23
$-6.9M
Gross Margin
DPRO
DPRO
PONY
PONY
Q3 25
9.2%
Q2 25
Q1 25
16.6%
Q2 24
26.6%
Q2 23
24.6%
Operating Margin
DPRO
DPRO
PONY
PONY
Q3 25
-275.3%
Q2 25
-303.4%
Q1 25
-400.9%
Q2 24
Q2 23
Net Margin
DPRO
DPRO
PONY
PONY
Q3 25
-284.8%
Q2 25
-253.7%
Q1 25
-267.4%
Q2 24
-409.2%
Q2 23
-363.8%
EPS (diluted)
DPRO
DPRO
PONY
PONY
Q3 25
$-3.51
Q2 25
$-0.92
Q1 25
$-0.12
Q2 24
Q2 23

Balance Sheet & Financial Strength

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

Metric
DPRO
DPRO
PONY
PONY
Cash + ST InvestmentsLiquidity on hand
$5.3M
$62.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-2.6M
$114.1M
Total Assets
$9.9M
$126.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DPRO
DPRO
PONY
PONY
Q3 25
$62.5M
Q2 25
$84.9M
Q1 25
$86.8M
Q2 24
$5.3M
Q2 23
$6.7M
Stockholders' Equity
DPRO
DPRO
PONY
PONY
Q3 25
$114.1M
Q2 25
$120.6M
Q1 25
$126.4M
Q2 24
$-2.6M
Q2 23
$8.7M
Total Assets
DPRO
DPRO
PONY
PONY
Q3 25
$126.5M
Q2 25
$138.3M
Q1 25
$134.0M
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
PONY
PONY
Operating Cash FlowLast quarter
$-2.9M
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
DPRO
DPRO
PONY
PONY
Q3 25
$-2.9M
Q2 25
$-2.5M
Q1 25
$-7.5M
Q2 24
Q2 23

Financial Flow Comparison

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

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