Dragonfly Energy Holdings Corp.(DFLI)Earnings, Financials & Key Ratios
DFLI•NASDAQ
$2.07
$14M mkt cap·Price updated May 7, 2026
AboutDragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for RVs, marine vessels, off-grid installations, and other storage applications. It also focuses on delivering an energy storage solution to enable a sustainable and reliable smart grid through the deployment of its solid-state cell technology. The company is headquartered in Reno, Nevada.Show more
- Revenue$51M-21.3%
- EBITDA-$22M+15.4%
- Net Income-$41M-193.9%
- EPS (Diluted)-5.91-152.6%
- Gross Margin22.96%-4.3%
- EBITDA Margin-43.75%-7.6%
- Operating Margin-50.86%-19.4%
- Net Margin-80.2%-273.7%
- ROE-438.89%-513.9%
- ROIC-48.59%+34.5%
- Interest Coverage-1.20+30.1%
DFLI Key Insights
Dragonfly Energy Holdings Corp. (DFLI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 95 (top 5%)
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 17.1% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DFLI Price & Volume
Dragonfly Energy Holdings Corp. (DFLI) stock price & volume — 10-year historical chart
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DFLI Growth Metrics
Dragonfly Energy Holdings Corp. (DFLI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-13.41%
TTM18.24%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-25.16%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-15.67%
Return on Capital
10 Years-19.25%
5 Years-19.25%
3 Years-63.29%
Last Year-58.42%
DFLI Peer Comparison
Dragonfly Energy Holdings Corp. (DFLI) competitors in Battery Packs and Energy Storage Systems — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CLNE | 506.89M | 2.31 | -2.29 | 2.16% | -22.66% | -17.17% | 0.18 | |
 SHLS | 1.32B | 7.84 | 39.20 | 19.07% | 6.27% | 5.67% | 0.29 | |
 ENPH | 4.67B | 35.47 | 27.50 | 10.72% | 9.64% | 13.28% | 1.14 | |
 STEM | 74.24M | 8.72 | -0.95 | 8.08% | 94.16% | |||
 FLUX | 22.76M | 1.30 | -3.25 | 9.22% | -12.48% | -7.38% | ||
 BEEM | 35.27M | 1.89 | -2.45 | -26.75% | -105.89% | -110.47% | 0.05 | |
 ALB | 23.37B | 198.35 | -34.50 | -4.37% | -4.24% | -2.29% | 0.34 | |
 LAC | 1.37B | 5.66 | -26.95 | -26.94% | 0.02 |
Compare DFLI vs Peers
Dragonfly Energy Holdings Corp. (DFLI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DFLI Income Statement
Dragonfly Energy Holdings Corp. (DFLI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 47.19M | 78M | 86.25M | 64.39M | 50.65M | 57.78M |
| Revenue Growth % | - | 65.3% | 10.58% | -25.34% | -21.35% | 18.24% |
| Cost of Goods Sold | 26.58M | 48.38M | 62.63M | 48.95M | 39.02M | 41.98M |
| COGS % of Revenue | 56.33% | 62.02% | 72.62% | 76.01% | 77.04% | - |
| Gross Profit | 20.61M▲ 0% | 29.63M▲ 43.8% | 23.62M▼ 20.3% | 15.45M▼ 34.6% | 11.63M▼ 24.7% | 15.81M▲ 0% |
| Gross Margin % | 43.67% | 37.98% | 27.38% | 23.99% | 22.96% | 27.36% |
| Gross Profit Growth % | - | 43.76% | -20.28% | -34.6% | -24.73% | - |
| Operating Expenses | 11.86M | 23.16M | 58M | 42.88M | 37.38M | 35.92M |
| OpEx % of Revenue | 25.14% | 29.69% | 67.25% | 66.58% | 73.82% | - |
| Selling, General & Admin | 10.62M | 20.47M | 55.24M | 39.01M | 31.93M | 32.69M |
| SG&A % of Revenue | 22.51% | 26.24% | 64.04% | 60.59% | 63.05% | - |
| Research & Development | 1.24M | 2.69M | 2.76M | 3.86M | 5.45M | 3.23M |
| R&D % of Revenue | 2.63% | 3.45% | 3.2% | 6% | 10.76% | - |
| Other Operating Expenses | 15K | 1K | 0 | 0 | 0 | 0 |
| Operating Income | 8.75M▲ 0% | 6.47M▼ 26.1% | -34.38M▼ 631.7% | -27.43M▲ 20.2% | -25.76M▲ 6.1% | -20.12M▲ 0% |
| Operating Margin % | 18.53% | 8.29% | -39.86% | -42.6% | -50.86% | -34.82% |
| Operating Income Growth % | - | -26.06% | -631.67% | 20.23% | 6.09% | - |
| EBITDA | 8.94M | 7.08M | -33.49M | -26.19M | -22.16M | -15.96M |
| EBITDA Margin % | 18.95% | 9.08% | -38.83% | -40.68% | -43.75% | -27.62% |
| EBITDA Growth % | - | -20.8% | -572.78% | 21.8% | 15.41% | 16.15% |
| D&A (Non-Cash Add-back) | 198K | 617K | 891K | 1.24M | 3.6M | 4.16M |
| EBIT | 8.76M | 6.47M | -33.72M | 2.17M | -19.11M | -11.94M |
| Net Interest Income | 3K | -519K | -6.98M | -16.02M | -21.5M | -22.8M |
| Interest Income | 3K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 519K | 6.95M | 16.02M | 21.5M | 22.8M |
| Other Income/Expense | 18K | -518K | -6.32M | 13.59M | -14.86M | -14.63M |
| Pretax Income | 8.76M▲ 0% | 5.95M▼ 32.1% | -40.7M▼ 784.1% | -13.84M▲ 66.0% | -40.62M▼ 193.4% | -34.74M▲ 0% |
| Pretax Margin % | 18.57% | 7.63% | -47.19% | -21.5% | -80.2% | -60.13% |
| Income Tax | 1.89M | 1.61M | -709K | -26K | 0 | 0 |
| Effective Tax Rate % | 21.52% | 27.08% | 1.74% | 0.19% | 0% | 0% |
| Net Income | 6.88M▲ 0% | 4.34M▼ 36.9% | -39.99M▼ 1021.9% | -13.82M▲ 65.4% | -40.62M▼ 193.9% | -34.74M▲ 0% |
| Net Margin % | 14.58% | 5.56% | -46.37% | -21.46% | -80.2% | -60.13% |
| Net Income Growth % | - | -36.93% | -1021.88% | 65.45% | -193.95% | -25.16% |
| Net Income (Continuing) | 6.88M | 4.34M | -39.99M | -13.82M | -40.62M | -34.74M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.10▲ 0% | 0.87▲ 770.0% | -9.27▼ 1165.5% | -2.34▲ 74.8% | -5.91▼ 152.6% | -0.00▲ 0% |
| EPS Growth % | - | 770% | -1165.52% | 74.76% | -152.56% | -15.67% |
| EPS (Basic) | 0.14 | 0.87 | -9.27 | -2.34 | -5.91 | - |
| Diluted Shares Outstanding | 44.85M | 4.98M | 4.29M | 5.87M | 6.87M | 56.16B |
| Basic Shares Outstanding | 44.85M | 4.98M | 4.29M | 5.87M | 6.87M | 56.16B |
| Dividend Payout Ratio | - | - | - | - | - | - |
DFLI Balance Sheet
Dragonfly Energy Holdings Corp. (DFLI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 15.78M | 66.08M | 73.83M | 55.92M | 32.92M | 34.51M |
| Cash & Short-Term Investments | 6.21M | 25.59M | 17.78M | 12.71M | 4.85M | 3.84M |
| Cash Only | 6.21M | 25.59M | 17.78M | 12.71M | 4.85M | 3.84M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.84M | 783K | 1.44M | 1.64M | 2.42M | 4.79M |
| Days Sales Outstanding | 14.23 | 3.66 | 6.11 | 9.29 | 17.41 | 23.7 |
| Inventory | 5.95M | 27.13M | 50.19M | 38.78M | 21.72M | 22.72M |
| Days Inventory Outstanding | 81.68 | 204.68 | 292.48 | 289.18 | 203.14 | 189.59 |
| Other Current Assets | 324K | 4.83M | 267K | 118K | 1.47M | 764K |
| Total Non-Current Assets | 3.03M | 10.17M | 15.27M | 19.28M | 42.29M | 39.33M |
| Property, Plant & Equipment | 3.03M | 10.17M | 15.27M | 19.28M | 41.84M | 38.88M |
| Fixed Asset Turnover | 15.57x | 7.67x | 5.65x | 3.34x | 1.21x | 1.43x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 128.42M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | -128.42M | 0 | 0 | 445K | 1.79M |
| Total Assets | 18.81M▲ 0% | 76.25M▲ 305.4% | 89.11M▲ 16.9% | 75.2M▼ 15.6% | 75.21M▲ 0.0% | 73.84M▲ 0% |
| Asset Turnover | 2.51x | 1.02x | 0.97x | 0.86x | 0.67x | 0.78x |
| Asset Growth % | - | 305.44% | 16.86% | -15.6% | 0.01% | -43.55% |
| Total Current Liabilities | 7.16M | 17.99M | 41.46M | 40.38M | 21.86M | 25.68M |
| Accounts Payable | 3.09M | 11.36M | 13.47M | 10.26M | 10.72M | 11.87M |
| Days Payables Outstanding | 42.45 | 85.71 | 78.53 | 76.5 | 100.24 | 98.81 |
| Short-Term Debt | 0 | 1.88M | 19.24M | 19.68M | 0 | 3.79M |
| Deferred Revenue (Current) | 1.78M | 434K | 238K | 201K | 1.32M | 4.62M |
| Other Current Liabilities | 19K | 0 | 128K | 91K | 0 | 9.02M |
| Current Ratio | 2.20x | 3.67x | 1.78x | 1.38x | 1.51x | 1.51x |
| Quick Ratio | 1.37x | 2.17x | 0.57x | 0.42x | 0.51x | 0.51x |
| Cash Conversion Cycle | 53.47 | 122.63 | 220.07 | 221.97 | 120.31 | 114.48 |
| Total Non-Current Liabilities | 3.09M | 44.2M | 36.9M | 6.92M | 62.76M | 69.75M |
| Long-Term Debt | 0 | 37.05M | 0 | 0 | 29.65M | 44.55M |
| Capital Lease Obligations | 758K | 4.69M | 3.58M | 2.3M | 22.65M | 87.5M |
| Deferred Tax Liabilities | 331K | 453K | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2M | 2M | 33.32M | 4.62M | 6.88M | 17.2M |
| Total Liabilities | 10.25M | 62.19M | 78.36M | 47.29M | 84.62M | 95.42M |
| Total Debt | 983K | 44.7M | 24.02M | 23.31M | 55.27M | 69.49M |
| Net Debt | -5.22M | 19.12M | 6.24M | 10.59M | 50.42M | 65.66M |
| Debt / Equity | 0.11x | 3.18x | 2.24x | 0.84x | - | -3.22x |
| Debt / EBITDA | 0.11x | 6.31x | - | - | - | -4.36x |
| Net Debt / EBITDA | -0.58x | 2.70x | - | - | - | -4.11x |
| Interest Coverage | - | 12.46x | -4.95x | -1.71x | -1.20x | -0.52x |
| Total Equity | 8.55M▲ 0% | 14.06M▲ 64.4% | 10.74M▼ 23.6% | 27.91M▲ 159.8% | -9.4M▼ 133.7% | -21.58M▲ 0% |
| Equity Growth % | - | 64.36% | -23.6% | 159.82% | -133.69% | -7901.82% |
| Book Value per Share | 0.19 | 2.82 | 2.51 | 4.76 | -1.37 | -0.00 |
| Total Shareholders' Equity | 8.55M | 14.06M | 10.74M | 27.91M | -9.4M | -21.58M |
| Common Stock | 4K | 4K | 4K | 6K | 1K | 6K |
| Retained Earnings | 8.1M | 12.44M | -27.72M | -41.54M | -82.15M | -107.06M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2M | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
DFLI Cash Flow Statement
Dragonfly Energy Holdings Corp. (DFLI) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | 6.64M | -13.57M | -45.7M | -17.71M | -7.18M | -7.18M |
| Operating CF Margin % | 14.07% | -17.4% | -52.98% | -27.5% | -14.18% | - |
| Operating CF Growth % | - | -304.41% | -236.67% | 61.25% | 59.44% | -392.65% |
| Net Income | 4.59M | 4.34M | -39.99M | -13.82M | -40.62M | -34.74M |
| Depreciation & Amortization | 198K | 617K | 891K | 2.42M | 3.6M | 4.79M |
| Stock-Based Compensation | 0 | 734K | 2.47M | 6.71M | 1.02M | 671K |
| Deferred Taxes | 210K | 122K | -453K | 0 | 0 | 0 |
| Other Non-Cash Items | 2.64M | 380K | 4.55M | -22.35M | 11.56M | 16.28M |
| Working Capital Changes | -997K | -19.76M | -13.16M | 9.33M | 17.25M | -712K |
| Change in Receivables | -1.64M | 1.01M | -769K | -309K | -780K | -1.11M |
| Change in Inventory | -3.41M | -21.18M | -22.73M | 11.41M | 17.06M | 1.29M |
| Change in Payables | 2.16M | 8.9M | 4.43M | -3.53M | -5.37M | 72K |
| Cash from Investing | -1.41M | -2.91M | -6.83M | -6.88M | -2.73M | -2.85M |
| Capital Expenditures | -1.41M | -2.97M | -6.86M | -6.88M | -2.74M | -2.85M |
| CapEx % of Revenue | 2.99% | 3.81% | 7.96% | 10.69% | 5.4% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 8K | 8K |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 61K | 35K | 0 | 0 | 0 |
| Cash from Financing | 12K | 38.91M | 41.67M | 19.52M | 2.05M | 12.38M |
| Debt Issued (Net) | 0 | 45M | 30M | -5.28M | 0 | 0 |
| Equity Issued (Net) | 12K | 0 | 1000K | 1000K | 1000K | 2M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -6.09M | -3.33M | 1.88M | 4K | 2.01M |
| Net Change in Cash | 6.21M▲ 0% | 22.42M▲ 261.3% | -10.85M▼ 148.4% | -5.07M▲ 53.3% | -7.86M▼ 55.2% | -4.18M▲ 0% |
| Free Cash Flow | 5.23M▲ 0% | -16.54M▼ 416.3% | -52.56M▼ 217.7% | -24.59M▲ 53.2% | -9.92M▲ 59.7% | -16.57M▲ 0% |
| FCF Margin % | 11.08% | -21.21% | -60.94% | -38.19% | -19.59% | -28.67% |
| FCF Growth % | - | -416.31% | -217.71% | 53.21% | 59.66% | -113.52% |
| FCF per Share | 0.12 | -3.32 | -12.27 | -4.19 | -1.44 | -1.44 |
| FCF Conversion (FCF/Net Income) | 0.97x | -3.13x | 1.14x | 1.28x | 0.18x | 0.48x |
| Interest Paid | 0 | 313K | 2.25M | 9.1M | 0 | 3K |
| Taxes Paid | 0 | 2.39M | 773K | 238K | 0 | 4K |
DFLI Key Ratios
Dragonfly Energy Holdings Corp. (DFLI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | 38.36% | -322.46% | -71.49% | -438.89% | 219.79% |
| Return on Invested Capital (ROIC) | 26.57% | -102.83% | -74.15% | -48.59% | -48.59% |
| Gross Margin | 37.98% | 27.38% | 23.99% | 22.96% | 27.36% |
| Net Margin | 5.56% | -46.37% | -21.46% | -80.2% | -60.13% |
| Debt / Equity | 3.18x | 2.24x | 0.84x | - | -3.22x |
| Interest Coverage | 12.46x | -4.95x | -1.71x | -1.20x | -0.52x |
| FCF Conversion | -3.13x | 1.14x | 1.28x | 0.18x | 0.48x |
| Revenue Growth | 65.3% | 10.58% | -25.34% | -21.35% | 18.24% |
DFLI Frequently Asked Questions
Dragonfly Energy Holdings Corp. (DFLI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Dragonfly Energy Holdings Corp. (DFLI) reported $57.8M in revenue for fiscal year 2024. This represents a 22% increase from $47.2M in 2020.
Dragonfly Energy Holdings Corp. (DFLI) saw revenue decline by 21.3% over the past year.
Dragonfly Energy Holdings Corp. (DFLI) reported a net loss of $34.7M for fiscal year 2024.
Dividend & Returns
Dragonfly Energy Holdings Corp. (DFLI) has a return on equity (ROE) of -438.9%. Negative ROE indicates the company is unprofitable.
Dragonfly Energy Holdings Corp. (DFLI) had negative free cash flow of $16.6M in fiscal year 2024, likely due to heavy capital investments.
Explore More DFLI
Dragonfly Energy Holdings Corp. (DFLI) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates