Dragonfly Energy Holdings Corp. (DFLI) Revenue History
Annual and quarterly revenue from 2020 to 2024
Compound Annual Growth Rate (CAGR)
Loading revenue history...
DFLI Revenue Growth
DFLI Revenue Analysis (2020–2024)
As of May 8, 2026, Dragonfly Energy Holdings Corp. (DFLI) generated trailing twelve-month (TTM) revenue of $57.8 million, reflecting exceptional growth of +25.5% year-over-year. The most recent quarter (Q3 2025) recorded $16.0 million in revenue, down 1.7% sequentially.
Looking at the longer-term picture, DFLI's historical revenue data shows a 3-year CAGR of -13.4%. The company achieved its highest annual revenue of $86.3 million in 2022.
When compared to Industrials sector peers including CLNE (+5.5% YoY), SHLS (+37.8% YoY), and ENPH (-1.6% YoY), DFLI has underperformed the peer group in terms of revenue growth. Compare DFLI vs CLNE →
DFLI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DFLICurrent | $58M | +25.5% | - | -50.9% | |
 CLNE | $425M | +5.5% | +7.8% | -22.1% | |
 SHLS | $475M | +37.8% | +22.0% | 11.9% | |
 ENPH | $1.5B | -1.6% | +13.7% | 11.2% | |
 STEM | $156M | +0.7% | +33.9% | -38.7% | |
 FLUX | $66M | -19.7% | +31.6% | -7.6% |
DFLI Historical Revenue Data (2020–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $50.6M | -21.3% | $11.6M | 23.0% | $-25,759,000 | -50.9% |
| 2023 | $64.4M | -25.3% | $15.4M | 24.0% | $-27,429,000 | -42.6% |
| 2022 | $86.3M | +10.6% | $23.6M | 27.4% | $-34,383,000 | -39.9% |
| 2021 | $78.0M | +65.3% | $29.6M | 38.0% | $6.5M | 8.3% |
| 2020 | $47.2M | - | $20.6M | 43.7% | $8.7M | 18.5% |
See DFLI's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs DFLI Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare DFLI vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonDFLI — Frequently Asked Questions
Quick answers to the most common questions about buying DFLI stock.
Is DFLI's revenue growth accelerating or slowing?
DFLI revenue is accelerating at +25.5% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $58M. Growth momentum has increased versus prior periods.
What is DFLI's long-term revenue growth rate?
Dragonfly Energy Holdings Corp.'s 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +25.5% is above this long-term average.
How is DFLI's revenue distributed by segment?
DFLI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2024 are available for download. Segment mix reveals concentration and diversification trends.