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

Draganfly Inc. is the larger business by last-quarter revenue ($1.7M vs $893.0K, roughly 1.9× TherapeuticsMD, Inc.). On growth, TherapeuticsMD, Inc. posted the faster year-over-year revenue change (33.9% 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.

Nektar Therapeutics is an American biopharmaceutical company. The company was founded in 1990 and is based in San Francisco, California. The company develops new drug candidates by applying its proprietary PEGylation and advanced polymer conjugate technologies to modify chemical structure of substances, which improves drug characteristics like retention and solubility. It is a technology supplier to a number of pharmaceutical companies including Affymax, Amgen, Merck, Pfizer and UCB Pharma, e...

DPRO vs TXMD — Head-to-Head

Bigger by revenue
DPRO
DPRO
1.9× larger
DPRO
$1.7M
$893.0K
TXMD
Growing faster (revenue YoY)
TXMD
TXMD
+42.6% gap
TXMD
33.9%
-8.7%
DPRO

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
DPRO
DPRO
TXMD
TXMD
Revenue
$1.7M
$893.0K
Net Profit
$-7.1M
Gross Margin
26.6%
Operating Margin
Net Margin
-409.2%
Revenue YoY
-8.7%
33.9%
Net Profit YoY
-2.6%
-345.6%
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
TXMD
TXMD
Q4 25
$893.0K
Q3 25
$784.0K
Q2 25
$952.0K
Q1 25
$393.0K
Q4 24
$667.0K
Q3 24
$547.0K
Q2 24
$1.7M
$234.0K
Q1 24
$313.0K
Net Profit
DPRO
DPRO
TXMD
TXMD
Q4 25
Q3 25
$152.0K
Q2 25
$551.0K
Q1 25
$-653.0K
Q4 24
Q3 24
$-609.0K
Q2 24
$-7.1M
$-1.1M
Q1 24
$-734.0K
Gross Margin
DPRO
DPRO
TXMD
TXMD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
26.6%
Q1 24
Operating Margin
DPRO
DPRO
TXMD
TXMD
Q4 25
Q3 25
-109.9%
Q2 25
-73.0%
Q1 25
-221.6%
Q4 24
Q3 24
-207.3%
Q2 24
-1191.9%
Q1 24
-364.9%
Net Margin
DPRO
DPRO
TXMD
TXMD
Q4 25
Q3 25
19.4%
Q2 25
57.9%
Q1 25
-166.2%
Q4 24
Q3 24
-111.3%
Q2 24
-409.2%
-465.8%
Q1 24
-234.5%
EPS (diluted)
DPRO
DPRO
TXMD
TXMD
Q4 25
Q3 25
$0.01
Q2 25
$0.05
Q1 25
$-0.06
Q4 24
Q3 24
$-0.05
Q2 24
$-0.09
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
DPRO
DPRO
TXMD
TXMD
Cash + ST InvestmentsLiquidity on hand
$5.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-2.6M
$26.9M
Total Assets
$9.9M
$37.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DPRO
DPRO
TXMD
TXMD
Q4 25
Q3 25
Q2 25
Q1 25
$5.7M
Q4 24
$5.1M
Q3 24
Q2 24
$5.3M
Q1 24
Stockholders' Equity
DPRO
DPRO
TXMD
TXMD
Q4 25
$26.9M
Q3 25
$27.4M
Q2 25
$27.3M
Q1 25
$26.7M
Q4 24
$27.4M
Q3 24
$27.1M
Q2 24
$-2.6M
$27.7M
Q1 24
$28.7M
Total Assets
DPRO
DPRO
TXMD
TXMD
Q4 25
$37.7M
Q3 25
$38.7M
Q2 25
$38.5M
Q1 25
$38.2M
Q4 24
$38.8M
Q3 24
Q2 24
$9.9M
$40.1M
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
TXMD
TXMD
Operating Cash FlowLast quarter
$2.5M
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
TXMD
TXMD
Q4 25
$2.5M
Q3 25
$999.0K
Q2 25
$381.0K
Q1 25
$699.0K
Q4 24
$1.2M
Q3 24
$-71.0K
Q2 24
$1.5M
Q1 24
$-229.0K
Cash Conversion
DPRO
DPRO
TXMD
TXMD
Q4 25
Q3 25
6.57×
Q2 25
0.69×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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