This film was not originally intended to be part of the American Ninja series. Cannon Pictures made it under the title American Dragons (it is even shown on many cable TV stations with this title) but the title was changed to American Ninja V before release. This explains why star David Bradley plays Joe, a different character than the Sean Davidson character he played in American Ninja 3: Blood Hunt, and American Ninja 4: The Annihilation.

The only American Ninja film to be part of the action-comedy sub-genre.

This is the first and only film in the American Ninja series to receive a PG-13 rating, where the first four films received an R rating.

Not officially part of the American Ninja series. David Bradley plays a different character and the title of the movie was used to cash on the popularity of the series in the 1980s.

Final acting role of Norman Burton.

As of 2020, this is the final American Ninja film.