Dragonfly Energy Holdings Corp. (DFLI) Revenue History
Annual and quarterly revenue from 2020 to present
DFLI Revenue Over Time (2020–2025)
DFLI Revenue Growth History
3 of 5 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +65.3%
- FY2022 revenue growth
- +10.6%
- FY2023 revenue growth
- -25.3%
- FY2024 revenue growth
- -21.3%
- FY2025 revenue growth
- +15.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $9.7M | -27.3% |
| Q4 2025 | $13.1M | +6.9% |
| Q3 2025 | $16.0M | +25.5% |
| Q2 2025 | $16.2M | +23.0% |
| Q1 2025 | $13.4M | +6.8% |
| Q4 2024 | $12.2M | +17.0% |
| Q3 2024 | $12.7M | -19.9% |
| Q2 2024 | $13.2M | -31.5% |
Multi-year avg. share of annual revenue by fiscal quarter
DFLI Revenue Analysis (2020–2025)
Current Revenue & Growth
As of June 23, 2026, Dragonfly Energy Holdings Corp. (DFLI) generated trailing twelve-month (TTM) revenue of $55.0 million, reflecting significant decline in growth of -27.3% year-over-year. The most recent quarter (Q1 2026) recorded $9.7 million in revenue, down 25.7% sequentially.
Historical Growth Trajectory
DFLI's 5-year compound annual growth rate (CAGR) stands at +4.4%, indicating moderate growth over time. The 3-year CAGR of -12.1% is below the 5-year average, signalling a growth deceleration in recent years. Dragonfly Energy Holdings Corp.'s highest annual revenue of $86.3 million was recorded in 2022.
Peer Comparison
Compared to Industrials sector peers — including CLNE (+5.4% YoY), SHLS (+37.8% YoY), and ENPH (-1.6% YoY) — DFLI has underperformed the peer group in 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 | $55M | -27.3% | +4.4% | -35.0% | |
 CLNE | $426M | +5.4% | +7.9% | -22.0% | |
 SHLS | $475M | +37.8% | +22.0% | 11.9% | |
 ENPH | $1.5B | -1.6% | +13.7% | 11.2% | |
 STEM | $156M | -1.5% | +33.9% | -35.6% | |
 FLUX | $66M | -19.7% | +31.6% | -7.6% |
DFLI Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $58.6M | +15.8% | $15.6M | 26.7% | $-20,506,000 | -35.0% |
| 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% |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
DFLI — 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 declining -27.3% year-over-year. TTM revenue fell to $55M, contrasting with the 5-year CAGR of +4.4%. The reversal reflects either macro headwinds or company-specific challenges.
What is DFLI's revenue history from 2020 to 2026?
Dragonfly Energy Holdings Corp. (DFLI) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $55M, growing at -27.3% YoY. The 5-year CAGR is +4.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is DFLI's long-term revenue growth rate (CAGR)?
Dragonfly Energy Holdings Corp.'s 5-year revenue CAGR of +4.4% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -27.3% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for DFLI.
Why does DFLI's quarterly revenue fluctuate?
DFLI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Dragonfly Energy Holdings Corp.'s revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is DFLI's revenue distributed by segment?
DFLI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does DFLI's revenue compare to industry peers?
Dragonfly Energy Holdings Corp. (DFLI) with TTM revenue of $55M and -27.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.