DroneShield Caps Record Year With Surging Revenue, Cash Flow and SaaS Growth

DroneShield Limited ( (AU:DRO) ) just unveiled an update.

DroneShield reported a strong fourth quarter to 31 December 2025, with revenue nearly doubling year-on-year to A$51.3 million and customer cash receipts up 142% to A$63.5 million, marking its second-best quarter on both measures and capping a record year. SaaS revenues surged 475% to A$4.6 million as the company doubled down on software-centric offerings to address rapidly evolving drone technology, while operating cash flow swung from a loss of A$8.9 million to a positive A$7.7 million, underscoring a shift toward sustainable profitability. Management highlighted A$95.6 million of committed revenue already secured for 2026, compared with negligible commitments at the start of 2025, positioning the company for continued growth and signalling rising demand from both defence and anticipated civilian customers, where subscriptions are expected to become a central driver of future earnings.

The most recent analyst rating on (AU:DRO) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.

More about DroneShield Limited

DroneShield Limited is an Australia-based defence technology company listed on the ASX that specialises in counter-drone and electronic warfare solutions, including hardware systems and software-enabled platforms designed to detect, track and defeat unmanned aerial threats. The business is increasingly focused on building recurring Software-as-a-Service (SaaS) revenue streams, particularly through command-and-control applications and subscription products, with an eye on expanding its presence in the civilian security sector over the next several years.

YTD Price Performance: 45.13%

Average Trading Volume: 24,566,142

Technical Sentiment Signal: Buy

Current Market Cap: A$4.09B

Learn more about DRO stock on TipRanks’ Stock Analysis page.