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

Vuzix Corp is the larger business by last-quarter revenue ($2.2M vs $1.7M, roughly 1.3× Draganfly Inc.). Vuzix Corp runs the higher net margin — -384.2% vs -409.2%, a 25.1% gap on every dollar of revenue. On growth, Vuzix Corp posted the faster year-over-year revenue change (76.4% 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.

Vuzix Corporation is an American multinational technology company headquartered in Rochester, New York and founded by Paul Travers in 1997. Vuzix is a supplier of smartglasses and augmented reality display technology. Vuzix manufactures and sells computer display devices and software. Vuzix head-mounted displays are marketed towards mobile and immersive augmented reality applications, such as 3D gaming, manufacturing training, and military tactical equipment. On January 5, 2015, Intel acquire...

DPRO vs VUZI — Head-to-Head

Bigger by revenue
VUZI
VUZI
1.3× larger
VUZI
$2.2M
$1.7M
DPRO
Growing faster (revenue YoY)
VUZI
VUZI
+85.1% gap
VUZI
76.4%
-8.7%
DPRO
Higher net margin
VUZI
VUZI
25.1% more per $
VUZI
-384.2%
-409.2%
DPRO

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
DPRO
DPRO
VUZI
VUZI
Revenue
$1.7M
$2.2M
Net Profit
$-7.1M
$-8.6M
Gross Margin
26.6%
16.7%
Operating Margin
-373.9%
Net Margin
-409.2%
-384.2%
Revenue YoY
-8.7%
76.4%
Net Profit YoY
-2.6%
36.9%
EPS (diluted)
$-0.12

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
VUZI
VUZI
Q4 25
$2.2M
Q3 25
$1.2M
Q2 25
$1.3M
Q1 25
$1.6M
Q4 24
$1.3M
Q3 24
$1.4M
Q2 24
$1.7M
$1.1M
Q1 24
$2.0M
Net Profit
DPRO
DPRO
VUZI
VUZI
Q4 25
$-8.6M
Q3 25
$-7.4M
Q2 25
$-7.7M
Q1 25
$-8.6M
Q4 24
$-13.7M
Q3 24
$-9.2M
Q2 24
$-7.1M
$-40.6M
Q1 24
$-10.0M
Gross Margin
DPRO
DPRO
VUZI
VUZI
Q4 25
16.7%
Q3 25
-35.4%
Q2 25
-58.7%
Q1 25
-16.8%
Q4 24
-389.6%
Q3 24
-18.8%
Q2 24
26.6%
-30.5%
Q1 24
-2.6%
Operating Margin
DPRO
DPRO
VUZI
VUZI
Q4 25
-373.9%
Q3 25
-645.5%
Q2 25
-606.1%
Q1 25
-555.0%
Q4 24
-1089.2%
Q3 24
-670.9%
Q2 24
-3726.5%
Q1 24
-503.6%
Net Margin
DPRO
DPRO
VUZI
VUZI
Q4 25
-384.2%
Q3 25
-633.4%
Q2 25
-591.5%
Q1 25
-546.4%
Q4 24
-1074.0%
Q3 24
-665.4%
Q2 24
-409.2%
-3715.6%
Q1 24
-501.4%
EPS (diluted)
DPRO
DPRO
VUZI
VUZI
Q4 25
$-0.12
Q3 25
$-0.09
Q2 25
$-0.10
Q1 25
$-0.11
Q4 24
$-0.16
Q3 24
$-0.14
Q2 24
$-0.62
Q1 24
$-0.16

Balance Sheet & Financial Strength

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

Metric
DPRO
DPRO
VUZI
VUZI
Cash + ST InvestmentsLiquidity on hand
$5.3M
$21.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-2.6M
$24.7M
Total Assets
$9.9M
$40.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DPRO
DPRO
VUZI
VUZI
Q4 25
$21.2M
Q3 25
$22.6M
Q2 25
$17.5M
Q1 25
$15.2M
Q4 24
$18.2M
Q3 24
$14.3M
Q2 24
$5.3M
$9.9M
Q1 24
$16.5M
Stockholders' Equity
DPRO
DPRO
VUZI
VUZI
Q4 25
$24.7M
Q3 25
$27.9M
Q2 25
$28.9M
Q1 25
$32.8M
Q4 24
$37.3M
Q3 24
$39.6M
Q2 24
$-2.6M
$35.4M
Q1 24
$73.1M
Total Assets
DPRO
DPRO
VUZI
VUZI
Q4 25
$40.1M
Q3 25
$42.5M
Q2 25
$36.9M
Q1 25
$35.8M
Q4 24
$39.4M
Q3 24
$41.8M
Q2 24
$9.9M
$38.2M
Q1 24
$77.0M

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
VUZI
VUZI
Operating Cash FlowLast quarter
$-5.6M
Free Cash FlowOCF − Capex
$-5.9M
FCF MarginFCF / Revenue
-263.5%
Capex IntensityCapex / Revenue
15.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-20.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DPRO
DPRO
VUZI
VUZI
Q4 25
$-5.6M
Q3 25
$-5.0M
Q2 25
$-4.8M
Q1 25
$-3.5M
Q4 24
$-4.0M
Q3 24
$-5.3M
Q2 24
$-5.6M
Q1 24
$-8.8M
Free Cash Flow
DPRO
DPRO
VUZI
VUZI
Q4 25
$-5.9M
Q3 25
$-5.3M
Q2 25
$-5.5M
Q1 25
$-4.1M
Q4 24
$-4.3M
Q3 24
$-5.5M
Q2 24
$-6.5M
Q1 24
$-8.9M
FCF Margin
DPRO
DPRO
VUZI
VUZI
Q4 25
-263.5%
Q3 25
-457.4%
Q2 25
-425.6%
Q1 25
-257.2%
Q4 24
-334.4%
Q3 24
-395.1%
Q2 24
-591.4%
Q1 24
-444.4%
Capex Intensity
DPRO
DPRO
VUZI
VUZI
Q4 25
15.8%
Q3 25
27.4%
Q2 25
56.1%
Q1 25
38.8%
Q4 24
18.1%
Q3 24
14.4%
Q2 24
75.8%
Q1 24
5.1%

Financial Flow Comparison

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

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