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MARKETS / NASDAQ / DFLI
NASDAQ · MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES

Dragonfly Energy Holdings Corp. DFLI

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$58.6M
▲ 15.8% YoY
$-69.9M
$-27.9M
In brief

What this company does

Dragonfly Energy Holdings Corp. is a manufacturer of non-toxic deep cycle lithium-ion batteries that caters to customers in the consumer industry, including the recreational vehicle, marine vessel, industrial, and trucking markets. Battle Born is the brand under which the company sells its energy storage products and related power system components. Its product portfolio includes LFP battery packs, integrated battery management systems, integrated heating capability for cold-temperature operation, and system-level communication and monitoring enabled through its Dragonfly IntelLigence technology. Founded as an aftermarket-focused company, it initially targeted direct-to-consumer sales within the recreational vehicle market. As of December 31, 2025, the company had 141 employees: 137 full-time, 1 part-time and 3 interns.

Written from the business description in Dragonfly Energy Holdings Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 30 March 2026. Every sentence was checked against that document before publication.

Growth
USD 58.6M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 58.6 · Net income -69.9
40.0M80.0M-25.0M-50.0M20212022202320242025
Compound annual growth
−12.1%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−119 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -39.5% · Net -119.3%
-50%-100%20212022202320242025
ROE
FY2025 · ROE -6579.4%
-2000%-4000%-6000%20212022202320242025

Each USD of equity lost 6579 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -27.9
-20M-40M20212022202320242025

Total assetsUSD 86.5M
EquityUSD 11.5M
CashUSD 18.3M
Gross debtUSD 9.6M
Net debtUSD -8.6M
Current ratio2.54×

The company holds more cash than debt.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue $B0.10.10.10.10.1
Operating income $B−0.0−0.0−0.0−0.00.0
EBITDA $B−0.0−0.0−0.0−0.00.0
Income tax $B−0.0·−0.0−0.00.0
Net income $B−0.1−0.0−0.0−0.00.0
Free cash flow $B−0.0−0.0−0.0−0.1−0.0
EPS, diluted $−14.80−59.15−2.36−1.040.11
Dividend / sh $·····
Payout %·····
ROE %−6579.4−438.9−71.5−300.327.3
Shares out B0.010.000.010.040.04

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 25 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 70 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMiscellaneous Electrical Machinery, Equipment & Supplies
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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