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Side-by-side financial comparison of Draganfly Inc. (DPRO) and TIAN RUIXIANG HOLDINGS LTD (TIRX). Click either name above to swap in a different company.

TIAN RUIXIANG HOLDINGS LTD is the larger business by last-quarter revenue ($2.0M vs $1.7M, roughly 1.2× Draganfly Inc.). TIAN RUIXIANG HOLDINGS LTD runs the higher net margin — -12.3% vs -409.2%, a 396.9% gap on every dollar of revenue. On growth, Draganfly Inc. posted the faster year-over-year revenue change (-8.7% vs -35.8%).

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.

Tian Ruixiang Holdings Ltd is a China-based insurance intermediary service provider. It distributes various insurance products including property insurance, casualty insurance and life insurance from multiple partner insurance carriers, catering to both individual and corporate clients mainly across regional markets in mainland China.

DPRO vs TIRX — Head-to-Head

Bigger by revenue
TIRX
TIRX
1.2× larger
TIRX
$2.0M
$1.7M
DPRO
Growing faster (revenue YoY)
DPRO
DPRO
+27.0% gap
DPRO
-8.7%
-35.8%
TIRX
Higher net margin
TIRX
TIRX
396.9% more per $
TIRX
-12.3%
-409.2%
DPRO

Income Statement — Q2 FY2024 vs Q2 FY2025

Metric
DPRO
DPRO
TIRX
TIRX
Revenue
$1.7M
$2.0M
Net Profit
$-7.1M
$-248.3K
Gross Margin
26.6%
85.6%
Operating Margin
-6.7%
Net Margin
-409.2%
-12.3%
Revenue YoY
-8.7%
-35.8%
Net Profit YoY
-2.6%
-159.3%
EPS (diluted)
$-0.02

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
TIRX
TIRX
Q2 25
$2.0M
Q2 24
$1.7M
$3.1M
Q2 23
$1.9M
$724.9K
Q2 22
$945.6K
Net Profit
DPRO
DPRO
TIRX
TIRX
Q2 25
$-248.3K
Q2 24
$-7.1M
$418.9K
Q2 23
$-6.9M
$-1.5M
Q2 22
$-3.5M
Gross Margin
DPRO
DPRO
TIRX
TIRX
Q2 25
85.6%
Q2 24
26.6%
89.7%
Q2 23
24.6%
Q2 22
Operating Margin
DPRO
DPRO
TIRX
TIRX
Q2 25
-6.7%
Q2 24
18.6%
Q2 23
-266.0%
Q2 22
-410.3%
Net Margin
DPRO
DPRO
TIRX
TIRX
Q2 25
-12.3%
Q2 24
-409.2%
13.4%
Q2 23
-363.8%
-205.0%
Q2 22
-370.5%
EPS (diluted)
DPRO
DPRO
TIRX
TIRX
Q2 25
$-0.02
Q2 24
$0.01
Q2 23
$-2.50
Q2 22
$-1.42

Balance Sheet & Financial Strength

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

Metric
DPRO
DPRO
TIRX
TIRX
Cash + ST InvestmentsLiquidity on hand
$5.3M
$28.0M
Total DebtLower is stronger
$3.5M
Stockholders' EquityBook value
$-2.6M
$-16.1M
Total Assets
$9.9M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DPRO
DPRO
TIRX
TIRX
Q2 25
$28.0M
Q2 24
$5.3M
$27.5M
Q2 23
$6.7M
$35.9M
Q2 22
$29.0M
Total Debt
DPRO
DPRO
TIRX
TIRX
Q2 25
$3.5M
Q2 24
Q2 23
Q2 22
Stockholders' Equity
DPRO
DPRO
TIRX
TIRX
Q2 25
$-16.1M
Q2 24
$-2.6M
$32.3M
Q2 23
$8.7M
$34.5M
Q2 22
$37.1M
Total Assets
DPRO
DPRO
TIRX
TIRX
Q2 25
$6.0M
Q2 24
$9.9M
$38.0M
Q2 23
$37.0M
Q2 22
$38.6M

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
TIRX
TIRX
Operating Cash FlowLast quarter
$263.7K
Free Cash FlowOCF − Capex
$263.1K
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DPRO
DPRO
TIRX
TIRX
Q2 25
$263.7K
Q2 24
$-646.8K
Q2 23
$761.6K
Q2 22
$-75.6K
Free Cash Flow
DPRO
DPRO
TIRX
TIRX
Q2 25
$263.1K
Q2 24
Q2 23
Q2 22
$-78.0K
FCF Margin
DPRO
DPRO
TIRX
TIRX
Q2 25
13.1%
Q2 24
Q2 23
Q2 22
-8.3%
Capex Intensity
DPRO
DPRO
TIRX
TIRX
Q2 25
0.0%
Q2 24
Q2 23
0.0%
Q2 22
0.3%
Cash Conversion
DPRO
DPRO
TIRX
TIRX
Q2 25
Q2 24
-1.54×
Q2 23
Q2 22

Financial Flow Comparison

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

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