DFLI · Dragonfly Energy Holdings Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.70M | - | $15.97M | $16.25M | $13.36M | - | $12.72M | $13.21M | $12.51M | - |
| Cost of Revenue | $7.99M | - | $11.23M | $11.64M | $9.43M | - | $9.85M | $10.04M | $9.45M | - |
| Gross Profit | $1.71M | - | $4.74M | $4.61M | $3.93M | - | $2.87M | $3.17M | $3.05M | - |
| R&D | $980.0K | - | $585.0K | $692.0K | $1.00M | - | $1.63M | $1.53M | $1.33M | - |
| SG&A | $4.48M | - | $5.30M | $4.62M | $6.36M | - | $4.36M | $5.70M | $4.81M | - |
| Total Operating Expenses | $7.44M | - | $8.51M | $7.89M | $9.84M | - | $8.90M | $9.92M | $8.89M | - |
| D&A | $794.0K | - | - | - | $859.0K | - | - | - | $332.0K | - |
| Operating Income | ($5.73M) | - | ($3.78M) | ($3.28M) | ($5.91M) | - | ($6.03M) | ($6.75M) | ($5.84M) | - |
| Interest Expense | $1.47M | - | $6.41M | $5.44M | $4.76M | - | $5.62M | $4.88M | $4.76M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($6.63M) | - | ($11.07M) | ($7.03M) | ($6.80M) | - | ($6.78M) | ($13.63M) | ($10.37M) | - |
| EPS - Basic | ($0.64) | - | ($2.00) | ($5.80) | ($9.30) | - | ($9.90) | ($19.80) | ($15.30) | - |
| EPS - Diluted | ($0.64) | - | ($2.00) | ($5.80) | ($9.30) | - | ($9.90) | ($19.80) | ($15.30) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.64M | $18.27M | $3.84M | $2.73M | $2.80M | $4.85M | $8.02M | $4.70M | $8.50M | $12.71M |
| Accounts Receivable | $2.98M | $4.21M | $4.79M | $3.57M | $4.23M | $2.42M | $3.73M | $2.87M | $2.25M | $1.64M |
| Inventory | $24.30M | $24.23M | $22.72M | $21.05M | $21.73M | $21.72M | $24.01M | $28.65M | $33.58M | $38.78M |
| Accounts Payable | $9.14M | $10.32M | $11.87M | $9.86M | $13.01M | $10.72M | $10.13M | $10.34M | $9.55M | $10.26M |
| Current Assets | $39.96M | $50.18M | $34.51M | $30.79M | $33.45M | $32.92M | $39.34M | $40.06M | $47.69M | $55.92M |
| Total Assets | $75.69M | $86.55M | $73.84M | $71.77M | $74.22M | $75.21M | $83.88M | $84.95M | $88.45M | $75.20M |
| Current Liabilities | $16.56M | $19.76M | $25.68M | $22.40M | $24.37M | $21.86M | $49.26M | $44.65M | $43.52M | $40.38M |
| Long-term Debt | $9.86M | $9.21M | $44.55M | $38.65M | $33.62M | $29.65M | $82.44M | $80.44M | $77.11M | $75.86M |
| Total Liabilities | $48.94M | $52.76M | $95.42M | $87.13M | $86.96M | $84.62M | $84.18M | $79.69M | $70.64M | $47.29M |
| Stockholders' Equity | $3.91M | $11.53M | ($21.58M) | ($16.60M) | ($15.64M) | ($9.40M) | ($297.0K) | $5.27M | $17.81M | $27.91M |
| Retained Earnings | ($158.72M) | ($152.09M) | ($107.06M) | ($95.98M) | ($88.95M) | ($82.15M) | ($72.31M) | ($65.53M) | ($51.91M) | ($41.54M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($8.78M) | - | - | - | ($4.51M) | - | - | - | ($3.40M) | - |
| Investing Cash Flow | ($279.0K) | - | - | - | ($778.0K) | - | - | - | ($817.0K) | - |
| Financing Cash Flow | ($570.0K) | - | - | - | $3.24M | - | - | - | - | - |
| CapEx | $279.0K | - | - | - | $778.0K | - | - | - | $817.0K | - |
| Free Cash Flow | ($9.06M) | - | - | - | ($5.29M) | - | - | - | ($4.21M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 17.6% | - | 29.7% | 28.3% | 29.4% | - | 22.6% | 24.0% | 24.4% | - |
| Operating margin | -59.0% | - | -23.7% | -20.2% | -44.3% | - | -47.4% | -51.1% | -46.7% | - |
| EBITDA margin | -50.8% | - | - | - | -37.8% | - | - | - | -44.0% | - |
| Net margin | -68.3% | - | -69.3% | -43.3% | -50.9% | - | -53.3% | -103.2% | -82.9% | - |
| Free cash flow margin | -93.4% | - | - | - | -39.6% | - | - | - | -33.7% | - |
| FCF / Net income | 1.37 | - | - | - | 0.78 | - | - | - | 0.41 | - |
| R&D / Revenue | 10.1% | - | 3.7% | 4.3% | 7.5% | - | 12.8% | 11.6% | 10.7% | - |
| SG&A / Revenue | 46.2% | - | 33.2% | 28.4% | 47.6% | - | 34.3% | 43.2% | 38.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -8.8% | - | -15.0% | -9.8% | -9.2% | - | -8.1% | -16.0% | -11.7% | - |
| Return on equity | -169.4% | - | 51.3% | 42.4% | 43.4% | - | 2282.5% | -258.8% | -58.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.41 | 2.54 | 1.34 | 1.37 | 1.37 | 1.51 | 0.80 | 0.90 | 1.10 | 1.38 |
| Quick ratio | 0.95 | 1.31 | 0.46 | 0.43 | 0.48 | 0.51 | 0.31 | 0.26 | 0.32 | 0.42 |
| Cash ratio | 0.52 | 0.92 | 0.15 | 0.12 | 0.12 | 0.22 | 0.16 | 0.11 | 0.20 | 0.31 |
| Leverage | ||||||||||
| Debt / Equity | 2.52 | 0.80 | -2.06 | -2.33 | -2.15 | -3.15 | -277.59 | 15.27 | 4.33 | 2.72 |
| Debt / Assets | 0.13 | 0.11 | 0.60 | 0.54 | 0.45 | 0.39 | 0.98 | 0.95 | 0.87 | 1.01 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -3.9x | - | -0.6x | -0.6x | -1.2x | - | -1.1x | -1.4x | -1.2x | - |
| Equity multiplier | 19.36 | 7.51 | -3.42 | -4.32 | -4.74 | -8.00 | -282.43 | 16.13 | 4.97 | 2.69 |
| Liabilities / Assets | 0.65 | 0.61 | 1.29 | 1.21 | 1.17 | 1.13 | 1.00 | 0.94 | 0.80 | 0.63 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | - | 0.22 | 0.23 | 0.18 | - | 0.15 | 0.16 | 0.14 | - |
| Inventory turnover | 0.33 | - | 0.49 | 0.55 | 0.43 | - | 0.41 | 0.35 | 0.28 | - |
| Days sales outstanding | 112d | - | 110d | 80d | 116d | - | 107d | 79d | 66d | - |
| Days inventory outstanding | 1109d | - | 738d | 660d | 841d | - | 890d | 1042d | 1296d | - |
| Days payable outstanding | 417d | - | 386d | 309d | 504d | - | 375d | 376d | 369d | - |
| Cash conversion cycle | 804d | - | 462d | 431d | 453d | - | 621d | 745d | 993d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 5.4x | - | - | - | - | - | - | 877.3x | 164.4x | - |
| P / S | 2.2x | - | 20.9x | 1.2x | 5.4x | - | 233.7x | 349.8x | 234.2x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -27.3% | - | 25.5% | 23.0% | 6.8% | - | -51.3% | -31.5% | -31.7% | - |
| Revenue CAGR (3y) | -19.1% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -56.5% | - | 65.0% | 45.4% | 28.7% | - | -37.2% | -54.9% | -44.5% | - |
| Operating income growth (YoY) | 3.2% | - | 37.3% | 51.4% | -1.3% | - | -2.1% | 19.6% | 40.5% | - |
| Net income growth (YoY) | 2.5% | - | -63.3% | 48.4% | 34.4% | - | 32.4% | -16.5% | - | - |
| EPS growth (YoY) | 93.1% | - | 79.8% | 70.7% | 39.2% | - | -5723.5% | -7820.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -71.4% | - | - | - | -25.6% | - | - | - | 49.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | -7165.0% | - | - | - | - | -83.7% | -44.9% | 146.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$58.65M totalOriginal Equipment Manufacturers$36.93M · 63.0%
Direct To Consumers$20.70M · 35.3%
Other$1.00M · 1.7%
Original Equipment Manufacturers Segment$15.7K · 0.0%
Peer comparison
Same SIC group: Miscellaneous Electrical Machinery, Equipment & Supplies
Comparing Dragonfly Energy Holdings Corp. against the 5 most active filers in the same SIC group.