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Side-by-side financial comparison of Draganfly Inc. (DPRO) and United Maritime Corp (USEA). Click either name above to swap in a different company.

United Maritime Corp is the larger business by last-quarter revenue ($1.8M vs $1.7M, roughly 1.1× Draganfly Inc.). United Maritime Corp runs the higher net margin — 59.6% vs -409.2%, a 468.8% 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.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

DPRO vs USEA — Head-to-Head

Bigger by revenue
USEA
USEA
1.1× larger
USEA
$1.8M
$1.7M
DPRO
Higher net margin
USEA
USEA
468.8% more per $
USEA
59.6%
-409.2%
DPRO

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
DPRO
DPRO
USEA
USEA
Revenue
$1.7M
$1.8M
Net Profit
$-7.1M
$1.1M
Gross Margin
26.6%
Operating Margin
Net Margin
-409.2%
59.6%
Revenue YoY
-8.7%
Net Profit YoY
-2.6%
EPS (diluted)
$0.13

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
USEA
USEA
Q3 25
$1.8M
Q2 24
$1.7M
Q2 23
$1.9M
Net Profit
DPRO
DPRO
USEA
USEA
Q3 25
$1.1M
Q2 24
$-7.1M
Q2 23
$-6.9M
Gross Margin
DPRO
DPRO
USEA
USEA
Q3 25
Q2 24
26.6%
Q2 23
24.6%
Net Margin
DPRO
DPRO
USEA
USEA
Q3 25
59.6%
Q2 24
-409.2%
Q2 23
-363.8%
EPS (diluted)
DPRO
DPRO
USEA
USEA
Q3 25
$0.13
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
USEA
USEA
Cash + ST InvestmentsLiquidity on hand
$5.3M
$19.7M
Total DebtLower is stronger
$49.5M
Stockholders' EquityBook value
$-2.6M
$57.5M
Total Assets
$9.9M
$144.2M
Debt / EquityLower = less leverage
0.86×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DPRO
DPRO
USEA
USEA
Q3 25
$19.7M
Q2 24
$5.3M
Q2 23
$6.7M
Total Debt
DPRO
DPRO
USEA
USEA
Q3 25
$49.5M
Q2 24
Q2 23
Stockholders' Equity
DPRO
DPRO
USEA
USEA
Q3 25
$57.5M
Q2 24
$-2.6M
Q2 23
$8.7M
Total Assets
DPRO
DPRO
USEA
USEA
Q3 25
$144.2M
Q2 24
$9.9M
Q2 23
Debt / Equity
DPRO
DPRO
USEA
USEA
Q3 25
0.86×
Q2 24
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
USEA
USEA
Operating Cash FlowLast quarter
$-444.0K
Free Cash FlowOCF − Capex
$-477.0K
FCF MarginFCF / Revenue
-26.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DPRO
DPRO
USEA
USEA
Q3 25
$-444.0K
Q2 24
Q2 23
Free Cash Flow
DPRO
DPRO
USEA
USEA
Q3 25
$-477.0K
Q2 24
Q2 23
FCF Margin
DPRO
DPRO
USEA
USEA
Q3 25
-26.1%
Q2 24
Q2 23
Capex Intensity
DPRO
DPRO
USEA
USEA
Q3 25
1.8%
Q2 24
Q2 23
Cash Conversion
DPRO
DPRO
USEA
USEA
Q3 25
-0.41×
Q2 24
Q2 23

Financial Flow Comparison

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

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