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Drones and autonomous systems

The 27 companies in this industry listed on the NYSE and Nasdaq are worth $33 bn combined; the largest are Aurora Innovation, Inc. (AUR), Kratos Defense (KTOS) and AeroVironment (AVAV). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Open contest
27 companies value 33 bn revenue 4.2 bn margin -53.7% free cash flow -2.2 bn avg. score 0.4
AUR holds 29.9% of the group's value, 1.3x the runner-up · AVAV leads the industry without being the largest
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 AUR Aurora Innovation, Inc.
United States · score 0.0
30% 9.8 bn 0.0 bn -180x -0.8 bn -7.6% — Autonomous long-haul trucks · Pennsylvania — revenue of $5m
2 KTOS Kratos Defense
United States · score 2.3
22% 7.4 bn 1.5 bn 2.0% -0.1 bn -1.8% — Target drones, defense systems and propulsion · Leader in low-cost combat drones for the US Air Force
3 AVAV AeroVironment
United States · score 0.6
18% 6.0 bn 2.0 bn -13.2% -0.0 bn -0.4% — Drones, precision systems and space platforms · Leader in tactical drones and loitering munitions (Switchblade) for the US Army
4 ONDS Ondas Holdings
United States · score 2.0
11% 3.5 bn 0.2 bn 140.5% -0.2 bn -5.0% — Drones and private wireless networks for industry and defense · Private wireless networks and security drones
5 PONY Pony AI Inc.
China · score 0.0
7% 2.2 bn 0.1 bn -148.9% -0.2 bn -9.6% 0.3% Autonomous driving for robotaxis and trucks, from China · China — revenue of $90m
6 WRD WeRide Inc.
China · score 0.0
4% 1.4 bn 0.1 bn -199.0% -0.3 bn -17.9% — Autonomous driving for robotaxis and buses, from China · China — revenue of $124m
7 UMAC Unusual Machines, Inc.
United States · score 0.0
3% 0.8 bn 0.0 bn -20.3% -0.1 bn -7.1% — Drones and components sold to businesses and at retail · Florida — revenue of $32m
8 RCAT Red Cat Holdings
United States · score 0.0
2% 0.7 bn 0.1 bn -136.3% -0.1 bn -15.1% — Drones and robotics for defense and security · Small drones for US military use
9 AIRO AIRO Group Holdings, Inc.
United States · score 0.2
1% 0.2 bn 0.1 bn -23.9% -0.1 bn -34.1% — Aerospace platform for autonomy and air mobility · Virginia — revenue of $107m
10 KDK Kodiak AI, Inc.
United States · score 0.0
1% 0.2 bn 0.0 bn -43x -0.1 bn -61.3% — Autonomous trucks for freight transport · California — revenue of $7m
11 PDYN Palladyne AI Corp.
United States · score 0.0
1% 0.2 bn 0.0 bn -254.7% -0.0 bn -19.8% — Embodied artificial intelligence for robots and drones · Utah — revenue of $12m
12 DPRO Draganfly Inc.
Canada · score 0.0
0% 0.1 bn 0.0 bn -358.8% -0.0 bn -19.4% — Drones and unmanned systems, from Canada · Canada — revenue of $6m
13 MRLN Merlin, Inc.
United States · score 0.0
0% 0.1 bn 0.0 bn -15x -0.0 bn — -25.0% — Flight autonomy for national security aircraft · New York — revenue of $8m
14 QUCY Quantum Cyber N.V.
Germany · score 0.0
0% 0.1 bn 0.0 bn -44x -0.0 bn -16.0% — AI and quantum computing for unmanned-vehicle control systems, former cancer diagnostics firm · Germany
15 SPAI Safe Pro Group Inc.
United States · score 0.0
0% 0.1 bn 0.0 bn -500.0% -0.0 bn -12.4% — Safety and protection products for those who protect · Florida — revenue of $3m
16 XTIA XTI Aerospace, Inc.
United States · score 0.0
0% 0.0 bn 0.1 bn -183.4% -0.0 bn -112.3% — Commercial and defense unmanned aircraft systems · Texas — revenue of $50m
17 UAVS AgEagle Aerial Systems Inc.
United States · score 0.0
0% 0.0 bn 0.0 bn -276.5% -0.0 bn -34.8% — Drones and sensors for agriculture, commerce and government · Texas — revenue of $9m
18 EXYN Exyn Technologies, Inc.
United States · score 0.0
0% 0.0 bn 0.0 bn -313.0% -0.0 bn -55.1% — Autonomous drones and robots for GPS-denied environments · Pennsylvania — revenue of $5m
19 MOB Mobilicom Ltd
Israel · score 0.0
0% 0.0 bn 0.0 bn -834.0% -0.0 bn -15.0% — Datalinks, ground control stations and cybersecurity for defense and industrial drones and robots · Israel — revenue of $4m
20 DUKR DUKE Robotics Corp.
Israel · score 0.0
0% 0.0 bn 0.0 bn -611.0% 0.0 bn -12.0% — Robotics and drone-based systems · Israel
21 CYN Cyngn Inc.
United States · score 0.0
0% 0.0 bn 0.0 bn -70x -0.0 bn -431.5% — Autonomous vehicle technology for industrial use · California
22 KITT Nauticus Robotics, Inc.
United States · score 0.0
0% 0.0 bn 0.0 bn -11x -0.0 bn -15x — Autonomous electric robotics for subsea applications · Texas — revenue of $4m
23 OPTT Ocean Power Technologies, Inc.
United States · score 0.1
— — 0.0 bn -12x -0.0 bn — — Intelligent maritime solutions and maritime domain awareness · New Jersey — revenue of $4m
24 PRZO ParaZero Technologies Ltd.
Israel · score 0.6
— — 0.0 bn -426.8% -0.0 bn — — Aerospace safety technology for drones, from Israel · Israel — revenue of $2m
25 SWMR Swarmer, Inc
United States · score 1.0
— — 0.0 bn -60x -0.0 bn — — Collaborative autonomy and drone swarms for defense · Texas
26 VWAV VisionWave Holdings, Inc.
United States · score 1.2
— — 0.0 bn -182x -0.0 bn — — — Artificial intelligence and autonomous systems for defense · California
27 ZENA ZenaTech, Inc.
Canada · score 3.5
— — — — — — — — Drones and enterprise software, from Canada · Canada

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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