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Dragonfly Energy Holdings Corp.(DFLI)Earnings, Financials & Key Ratios
DFLI•NASDAQ
Price updated Jun 19, 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$59M+15.8%
- EBITDA-$16M+28.7%
- Net Income-$70M-72.2%
- EPS (Diluted)-14.80+75.0%
- Gross Margin26.69%+16.3%
- EBITDA Margin-26.95%+38.4%
- Operating Margin-34.98%+31.2%
- Net Margin-119.29%-48.7%
- ROE-6579.4%-1399.1%
DFLI Key Insights
Dragonfly Energy Holdings Corp. (DFLI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 86 (top 14%)
- ✓Share count reduced 30.3% through buybacks
- ✓Trading at only 0.1x book value
✗Weaknesses
- ✗High debt to equity ratio of 2.8x
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗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.
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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 Years4.44%
3 Years-12.07%
TTM6.76%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-88.33%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM13.57%
Return on Capital
10 Years-21.73%
5 Years-41.1%
3 Years-53.02%
Last Year-34.13%
DFLI Recent Earnings
Dragonfly Energy Holdings Corp. (DFLI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.64-23.1%
$0.52
Rev
$10M+2.4%
$9M
Q2 2026
Mar 16, 2026Metric
Actual
Est
EPS
$4.57-471.3%
$0.80
Rev
$13M+0.9%
$13M
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$2.00+71.8%
$7.10
Rev
$16M+23.4%
$13M
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.58+55.0%
$1.29
Rev
$16M+10.6%
$15M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.64vs $0.52-23.1% | $10Mvs $9M+2.4% |
| Q2 2026 | Mar 16, 2026 | $4.57vs $0.80-471.3% | $13Mvs $13M+0.9% |
| Q4 2025 | Nov 14, 2025 | $2.00vs $7.10+71.8% | $16Mvs $13M+23.4% |
| Q3 2025 | Aug 14, 2025 | $0.58vs $1.29+55.0% | $16Mvs $15M+10.6% |
Based on last 12 quarters of dataView full earnings history →
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 | 409.62M | 1.86 | -1.84 | 2.56% | -22.65% | -17.17% | 0.18 | |
 SHLS | 1.75B | 10.42 | 52.10 | 19.07% | 6.27% | 5.67% | 0.29 | |
 ENPH | 6.89B | 52.28 | 40.53 | 10.72% | 9.64% | 13.28% | 1.14 | |
 STEM | 70.03M | 8.22 | -0.90 | 8.08% | 93.33% | |||
 FLUX | 15.06M | 0.86 | -2.15 | 9.22% | -12.48% | -7.38% | ||
 BEEM | 24.91M | 1.37 | -0.85 | -42.77% | -73.22% | -73.5% | 0.06 | |
 ALB | 18.91B | 160.35 | -27.89 | -4.37% | -4.24% | -2.29% | 0.34 | |
 LAC | 975.73M | 4.37 | -8.57 | -8.28% | 0.10 |
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
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 47.19M | 78M | 86.25M | 64.39M | 50.65M | 58.63M | 54.98M |
Revenue Growth % | - | 65.3% | 10.58% | -25.34% | -21.35% | 15.77% | 6.76% |
Cost of Goods Sold | 26.58M | 48.38M | 62.63M | 48.95M | 39.02M | 42.98M | 41.55M |
COGS % of Revenue | 56.33% | 62.02% | 72.62% | 76.01% | 77.04% | 73.31% | - |
Gross Profit | 20.61M▲ 0% | 29.63M▲ 43.8% | 23.62M▼ 20.3% | 15.45M▼ 34.6% | 11.63M▼ 24.7% | 15.65M▲ 34.6% | 13.43M▲ 0% |
Gross Margin % | 43.67% | 37.98% | 27.38% | 23.99% | 22.96% | 26.69% | 24.43% |
Gross Profit Growth % | - | 43.76% | -20.28% | -34.6% | -24.73% | 34.59% | - |
Operating Expenses | 11.86M | 23.16M | 58M | 42.88M | 37.38M | 36.15M | 33.75M |
OpEx % of Revenue | 25.14% | 29.69% | 67.25% | 66.58% | 73.82% | 61.66% | - |
Selling, General & Admin | 10.62M | 20.47M | 55.24M | 39.01M | 31.93M | 33.17M | 30.79M |
SG&A % of Revenue | 22.51% | 26.24% | 64.04% | 60.59% | 63.05% | 56.58% | - |
Research & Development | 1.24M | 2.69M | 2.76M | 3.86M | 5.45M | 2.98M | 2.96M |
R&D % of Revenue | 2.63% | 3.45% | 3.2% | 6% | 10.76% | 5.08% | - |
Other Operating Expenses | 15K | 1K | 0 | 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% | -20.51M▲ 20.4% | -20.32M▲ 0% |
Operating Margin % | 18.53% | 8.29% | -39.86% | -42.6% | -50.86% | -34.98% | -36.96% |
Operating Income Growth % | - | -26.06% | -631.67% | 20.23% | 6.09% | 20.39% | - |
EBITDA | 8.94M | 7.08M | -33.49M | -26.19M | -22.16M | -15.8M | -16.67M |
EBITDA Margin % | 18.95% | 9.08% | -38.83% | -40.68% | -43.75% | -26.95% | -30.32% |
EBITDA Growth % | - | -20.8% | -572.78% | 21.8% | 15.41% | 28.7% | 22.35% |
D&A (Non-Cash Add-back) | 198K | 617K | 891K | 1.24M | 3.6M | 4.71M | 3.65M |
EBIT | 8.76M | 6.47M | -33.72M | 2.17M | -19.11M | -49.77M | -53.4M |
Net Interest Income | 3K | -519K | -6.98M | -16.02M | -21.5M | -20.27M | -14.1M |
Interest Income | 3K | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 0 | 519K | 6.95M | 16.02M | 21.5M | 20.27M | 14.1M |
Other Income/Expense | 18K | -518K | -6.32M | 13.59M | -14.86M | -49.53M | -49.54M |
Pretax Income | 8.76M▲ 0% | 5.95M▼ 32.1% | -40.7M▼ 784.1% | -13.84M▲ 66.0% | -40.62M▼ 193.4% | -70.03M▼ 72.4% | -69.86M▲ 0% |
Pretax Margin % | 18.57% | 7.63% | -47.19% | -21.5% | -80.2% | -119.45% | -127.07% |
Income Tax | 1.89M | 1.61M | -709K | -26K | 0 | -94K | -94K |
Effective Tax Rate % | 21.52% | 27.08% | 1.74% | 0.19% | 0% | 0.13% | 0.13% |
Net Income | 6.88M▲ 0% | 4.34M▼ 36.9% | -39.99M▼ 1021.9% | -13.82M▲ 65.4% | -40.62M▼ 193.9% | -69.94M▼ 72.2% | -69.77M▲ 0% |
Net Margin % | 14.58% | 5.56% | -46.37% | -21.46% | -80.2% | -119.29% | -126.9% |
Net Income Growth % | - | -36.93% | -1021.88% | 65.45% | -193.95% | -72.2% | -88.33% |
Net Income (Continuing) | 6.88M | 4.34M | -39.99M | -13.82M | -40.62M | -69.94M | -69.77M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 8.70▲ 0% | 10.70▲ 23.0% | -93.30▼ 972.0% | -23.60▲ 74.7% | -59.10▼ 150.4% | -14.80▲ 75.0% | -57.74▲ 0% |
EPS Growth % | - | 22.99% | -971.96% | 74.71% | -150.42% | 74.96% | 13.57% |
EPS (Basic) | 8.70 | 10.70 | -93.30 | -23.60 | -59.10 | -14.80 | - |
Diluted Shares Outstanding | 527.16K | 405.52K | 428.5K | 586.52K | 686.68K | 478.33K | 1.21M |
Basic Shares Outstanding | 527.16K | 405.52K | 428.5K | 586.52K | 686.68K | 478.33K | 1.21M |
Dividend Payout Ratio | - | - | - | - | - | - | - |
DFLI Balance Sheet
Dragonfly Energy Holdings Corp. (DFLI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 15.78M | 66.08M | 73.83M | 55.92M | 32.92M | 50.18M | 39.96M |
Cash & Short-Term Investments | 6.21M | 25.59M | 17.78M | 12.71M | 4.85M | 18.27M | 8.64M |
Cash Only | 6.21M | 25.59M | 17.78M | 12.71M | 4.85M | 18.27M | 8.64M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 1.84M | 783K | 1.44M | 1.64M | 2.42M | 4.21M | 2.98M |
Days Sales Outstanding | 14.23 | 3.66 | 6.11 | 9.29 | 17.41 | 26.24 | 25.82 |
Inventory | 5.95M | 27.13M | 50.19M | 38.78M | 21.72M | 24.23M | 24.3M |
Days Inventory Outstanding | 81.68 | 204.68 | 292.48 | 289.18 | 203.14 | 205.79 | 202.72 |
Other Current Assets | 324K | 4.83M | 267K | 118K | 1.47M | 3.46M | 1.76M |
Total Non-Current Assets | 3.03M | 10.17M | 15.27M | 19.28M | 42.29M | 36.37M | 35.74M |
Property, Plant & Equipment | 3.03M | 10.17M | 15.27M | 19.28M | 41.84M | 35.98M | 35.36M |
Fixed Asset Turnover | 15.57x | 7.67x | 5.65x | 3.34x | 1.21x | 1.63x | 1.46x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 128.42M | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 0 | -128.42M | 0 | 0 | 445K | 388K | 379K |
Total Assets | 18.81M▲ 0% | 76.25M▲ 305.4% | 89.11M▲ 16.9% | 75.2M▼ 15.6% | 75.21M▲ 0.0% | 86.55M▲ 15.1% | 75.69M▲ 0% |
Asset Turnover | 2.51x | 1.02x | 0.97x | 0.86x | 0.67x | 0.68x | 0.71x |
Asset Growth % | - | 305.44% | 16.86% | -15.6% | 0.01% | 15.07% | -10.43% |
Total Current Liabilities | 7.16M | 17.99M | 41.46M | 40.38M | 21.86M | 19.76M | 16.56M |
Accounts Payable | 3.09M | 11.36M | 13.47M | 10.26M | 10.72M | 10.32M | 9.14M |
Days Payables Outstanding | 42.45 | 85.71 | 78.53 | 76.5 | 100.24 | 87.65 | 90.45 |
Short-Term Debt | 0 | 1.88M | 19.24M | 19.68M | 0 | 433K | 2.94M |
Deferred Revenue (Current) | 1.78M | 434K | 238K | 201K | 1.32M | 121K | 3.29M |
Other Current Liabilities | 19K | 0 | 128K | 91K | 0 | 1M | 3.48M |
Current Ratio | 2.20x | 3.67x | 1.78x | 1.38x | 1.51x | 2.54x | 2.41x |
Quick Ratio | 1.37x | 2.17x | 0.57x | 0.42x | 0.51x | 1.31x | 0.95x |
Cash Conversion Cycle | 53.47 | 122.63 | 220.07 | 221.97 | 120.31 | 144.38 | 138.08 |
Total Non-Current Liabilities | 3.09M | 44.2M | 36.9M | 6.92M | 62.76M | 55.26M | 55.23M |
Long-Term Debt | 0 | 37.05M | 0 | 0 | 29.65M | 9.21M | 32.71M |
Capital Lease Obligations | 758K | 4.69M | 3.58M | 2.3M | 22.65M | 20.5M | 83.45M |
Deferred Tax Liabilities | 331K | 453K | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 2M | 2M | 33.32M | 4.62M | 6.88M | 22.97M | 207K |
Total Liabilities | 10.25M | 62.19M | 78.36M | 47.29M | 84.62M | 75.02M | 71.78M |
Total Debt | 983K | 44.7M | 24.02M | 23.31M | 55.27M | 32.71M | 55.63M |
Net Debt | -5.22M | 19.12M | 6.24M | 10.59M | 50.42M | 14.44M | 46.99M |
Debt / Equity | 0.11x | 3.18x | 2.24x | 0.84x | - | 2.84x | 14.23x |
Debt / EBITDA | 0.11x | 6.31x | - | - | - | - | -3.34x |
Net Debt / EBITDA | -0.58x | 2.70x | - | - | - | - | -2.82x |
Interest Coverage | - | 12.46x | -4.86x | 0.14x | -0.89x | -2.46x | -3.79x |
Total Equity | 8.55M▲ 0% | 14.06M▲ 64.4% | 10.74M▼ 23.6% | 27.91M▲ 159.8% | -9.4M▼ 133.7% | 11.53M▲ 222.6% | 3.91M▲ 0% |
Equity Growth % | - | 64.36% | -23.6% | 159.82% | -133.69% | 222.61% | -7232.69% |
Book Value per Share | 16.23 | 34.67 | 25.07 | 47.59 | -13.69 | 24.10 | 3.24 |
Total Shareholders' Equity | 8.55M | 14.06M | 10.74M | 27.91M | -9.4M | 11.53M | 3.91M |
Common Stock | 4K | 4K | 4K | 6K | 1K | 1K | 1K |
Retained Earnings | 8.1M | 12.44M | -27.72M | -41.54M | -82.15M | -152.09M | -158.72M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -2M | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
DFLI Cash Flow Statement
Dragonfly Energy Holdings Corp. (DFLI) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | 6.64M | -13.57M | -45.7M | -17.71M | -7.18M | -25.97M | -30.24M |
Operating CF Margin % | 14.07% | -17.4% | -52.98% | -27.5% | -14.18% | -44.29% | - |
Operating CF Growth % | - | -304.41% | -236.67% | 61.25% | 59.44% | -261.57% | -798.28% |
Net Income | 4.59M | 4.34M | -39.99M | -13.82M | -40.62M | -69.94M | -69.77M |
Depreciation & Amortization | 198K | 617K | 891K | 2.42M | 3.6M | 4.71M | 4.27M |
Stock-Based Compensation | 0 | 734K | 2.47M | 6.71M | 1.02M | 0 | 494K |
Deferred Taxes | 210K | 122K | -453K | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 2.64M | 380K | 4.55M | -22.35M | 11.56M | 49.55M | 45.69M |
Working Capital Changes | -997K | -19.76M | -13.16M | 9.33M | 17.25M | -10.29M | -11.49M |
Change in Receivables | -1.64M | 1.01M | -769K | -309K | -780K | -1.94M | 1.16M |
Change in Inventory | -3.41M | -21.18M | -22.73M | 11.41M | 17.06M | -2.52M | -2.57M |
Change in Payables | 2.16M | 8.9M | 4.43M | -3.53M | -5.37M | 1.15M | -5.13M |
Cash from Investing | -1.41M | -2.91M | -6.83M | -6.88M | -2.73M | -1.95M | -1.45M |
Capital Expenditures | -1.41M | -2.97M | -6.86M | -6.88M | -2.74M | -1.95M | -1.45M |
CapEx % of Revenue | 2.99% | 3.81% | 7.96% | 10.69% | 5.4% | 3.32% | 2.64% |
Acquisitions | 0 | 0 | 0 | 0 | 8K | 0 | 0 |
Investments | - | - | - | - | - | - | - |
Other Investing | 0 | 61K | 35K | 0 | 0 | 0 | 0 |
Cash from Financing | 12K | 38.91M | 41.67M | 19.52M | 2.05M | 41.34M | 37.52M |
Debt Issued (Net) | 0 | 45M | 30M | -5.28M | 0 | -49.55M | -49.33M |
Equity Issued (Net) | 12K | 0 | 15M | 22.92M | 2.04M | 90.93M | 87.69M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | -317K |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | -6.09M | -3.33M | 1.88M | 4K | -47K | -512K |
Net Change in Cash | 6.21M▲ 0% | 22.42M▲ 261.3% | -10.85M▼ 148.4% | -5.07M▲ 53.3% | -7.86M▼ 55.2% | 13.42M▲ 270.7% | 5.83M▲ 0% |
Free Cash Flow | 5.23M▲ 0% | -16.54M▼ 416.3% | -52.56M▼ 217.7% | -24.59M▲ 53.2% | -9.92M▲ 59.7% | -27.92M▼ 181.4% | -31.69M▲ 0% |
FCF Margin % | 11.08% | -21.21% | -60.94% | -38.19% | -19.59% | -47.62% | -57.64% |
FCF Growth % | - | -416.31% | -217.71% | 53.21% | 59.66% | -181.45% | -188.2% |
FCF per Share | 9.92 | -40.79 | -122.65 | -41.93 | -14.44 | -58.36 | -26.23 |
FCF Conversion (FCF/Net Income) | 0.97x | -3.13x | 1.14x | 1.28x | 0.18x | 0.37x | 0.45x |
Interest Paid | 0 | 313K | 2.25M | 9.1M | 0 | 0 | 2K |
Taxes Paid | 0 | 2.39M | 773K | 238K | 0 | 0 | 2K |
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 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | 38.36% | -322.46% | -71.49% | -438.89% | -6579.4% | 1227.16% |
Return on Invested Capital (ROIC) | 26.57% | -102.83% | -74.15% | -48.59% | -45.92% | -36.84% |
Gross Margin | 37.98% | 27.38% | 23.99% | 22.96% | 26.69% | 24.43% |
Net Margin | 5.56% | -46.37% | -21.46% | -80.2% | -119.29% | -126.9% |
Debt / Equity | 3.18x | 2.24x | 0.84x | - | 2.84x | 14.23x |
Interest Coverage | 12.46x | -4.86x | 0.14x | -0.89x | -2.46x | -3.79x |
FCF Conversion | -3.13x | 1.14x | 1.28x | 0.18x | 0.37x | 0.45x |
Revenue Growth | 65.3% | 10.58% | -25.34% | -21.35% | 15.77% | 6.76% |
Related:DFLI Dividend History·DFLI Revenue History·DFLI Price History·DFLI P/E History·DFLI Financial Ratios·DFLI Institutional Holders
DFLI SEC Filings & Documents
Dragonfly Energy Holdings Corp. (DFLI) SEC filings — annual & quarterly reports (10-K, 10-Q)
DFLI Frequently Asked Questions
Dragonfly Energy Holdings Corp. (DFLI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Dragonfly Energy Holdings Corp. (DFLI) reported $55.0M in revenue for fiscal year 2025. This represents a 17% increase from $47.2M in 2020.
Dragonfly Energy Holdings Corp. (DFLI) grew revenue by 15.8% over the past year. This is strong growth.
Dragonfly Energy Holdings Corp. (DFLI) reported a net loss of $69.8M for fiscal year 2025.
Dividend & Returns
Dragonfly Energy Holdings Corp. (DFLI) has a return on equity (ROE) of -6579.4%. Negative ROE indicates the company is unprofitable.
Dragonfly Energy Holdings Corp. (DFLI) had negative free cash flow of $31.7M in fiscal year 2025, likely due to heavy capital investments.