Volatus Aerospace

TAKOF

Aerospace & Defense · Industrials

Price

$0.35

-0.00 (-0.32%)

Market Cap

$252.6M

Exchange

Other OTC

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Jul 27, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+144.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 222.1M (2021) → 543.9M (2025)

Volatus Aerospace is a Canadian company that provides drone services and sells unmanned aerial vehicles (UAVs) to businesses and government clients. Its core offerings include drone inspections, surveillance flights, cargo delivery trials, and the sale of commercial drones and related equipment. The company operates in the fast-growing but fragmented drone industry, serving customers in sectors like agriculture, energy, public safety, and defense.

Volatus makes money by charging fees for drone services and by selling or leasing drone hardware and software solutions. It operates primarily in Canada and the United States, with some international activity. The company is small, with a market cap around $300 million, and it faces intense competition from larger aerospace firms and well-funded drone startups. Its operating margin is deeply negative, meaning it spends far more than it earns, so the biggest risk is whether it can scale revenue fast enough to reach profitability before running low on capital.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+13.1% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$251,848/ year

↑ Rising (+510% vs prior year)

0.7% of revenue

Below sector average (4%)

R&D investment increasing — building for the future

Insider Activity

24.7%ownership

Insiders own a meaningful stake in the company

Cash Runway

~13 months

$32M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Revenue declining

Volatus Aerospace's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

-49.7%

Thin — -49.7% gross margin

Operating Margin

-100.9%

Losing money on operations — -100.9%

ROCE

-7.0%

Weak — -7.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+30.1%

Fast-growing sales (30.1% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-51.2%

Burning cash (-51.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.29

Conservative — low debt load (0.29)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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