Dragonfly Energy Holdings Corp.
DFLI· Nasdaq, Nasdaq· Miscellaneous Electrical Machinery, Equipment & Supplies
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -47.6%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- –
We record prices for the companies we cover; DFLI is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 4.8M
- Revenue
- $58.6M
- Free cash flow
- -$27.9M
- Owner earnings
- -$28.6M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 26.7%
- Operating
- -39.5%
- Net
- -119.3%
- Free cash flow
- -47.6%
- Owner earnings
- -48.8%
- Stock pay
- 1.2%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -606.6%
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- -12.1%
- Revenue, 5 yr
- –
- Revenue, 4 yr
- -6.9%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 4 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 4 yr
- –
Financial health · FY2025
- Cash and investments
- $18.3M
- Total debt
- $9.6M
- Net cash
- $8.6M
- Debt/Equity
- 0.8x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- –
Financials: ten years from the 10-Ks
Revenue
$58.6M
-6.9% a year over 4 years
FY2021FY2025
Margins
Gross26.7%Operating-39.5%Net-119.3%
FY2025
FY2021FY2025
Free cash flow and owner earnings
Free cash flow-$27.9MOwner earnings-$28.6M
FY2025
FY2021FY2025
Diluted shares
4.8M
+1040.6% over 4 years, net dilution
FY2021FY2025
Net cash
$8.6M
$8.6M more cash than debt
FY2021FY2025
Every figure, year by year
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| The business | |||||
| Revenue | $78.0M | $86.3M | $64.4M | $50.6M | $58.6M |
| Revenue growth | – | 10.6% | -25.3% | -21.3% | 15.8% |
| Gross margin | 38.0% | 27.4% | 24.0% | 23.0% | 26.7% |
| Operating margin | 8.3% | -39.9% | -42.6% | -50.9% | -39.5% |
| Net income | $4.3M | -$40.0M | -$13.8M | -$40.6M | -$69.9M |
| Net margin | 5.6% | -46.4% | -21.5% | -80.2% | -119.3% |
| Diluted EPS | $9.90s | $-93.60s | $-23.60s | $-59.15 | $-14.80 |
| Return on invested capital? | – | – | – | – | – |
| Cash | |||||
| Operating cash flow | -$13.6M | -$45.7M | -$17.7M | -$7.2M | -$26.0M |
| Capital expenditure | $3.0M | $6.9M | $6.9M | $2.7M | $1.9M |
| Free cash flow | -$16.5M | -$52.6M | -$24.6M | -$9.9M | -$27.9M |
| Stock-based compensation | $734.0K | $2.5M | $6.7M | $1.0M | $714.0K |
| Owner earnings? | -$17.3M | -$55.0M | -$31.3M | -$10.9M | -$28.6M |
| Free cash flow per share | $-39.45 | $-122.65 | $-41.93 | $-14.38 | $-5.84 |
| Capital allocation | |||||
| Dividends paid | – | – | – | – | – |
| Share repurchases | – | – | – | – | – |
| Diluted shares | 419,359.3s | 428,503.411s | 586,516.5s | 686,683 | 4.8M |
| Share count change? | – | 2.2% | 36.9% | 17.1% | 596.6% |
| Balance sheet | |||||
| Cash and equivalents | $25.6M | $17.8M | $12.7M | $4.8M | $18.3M |
| Short-term investments | – | – | – | – | – |
| Total debt | – | $76.2M | $75.9M | $29.6M | $9.6M |
| Net debt | – | $58.4M | $63.1M | $24.8M | -$8.6M |
| Shareholders' equity | $15.9M | $10.7M | $27.9M | -$9.4M | $11.5M |
Latest filings
| 2026-08-14 | 10-Q | Quarterly report |
| 2026-08-06 | 8-K | Earnings release |
| 2026-05-14 | 10-Q | Quarterly report |
| 2026-05-14 | 8-K | Earnings release |
| 2026-03-30 | 10-K | Annual report |
| 2026-03-16 | 8-K | Earnings release |
| 2025-11-14 | 10-Q | Quarterly report |
| 2025-11-14 | 8-K | Earnings release |
| 2025-10-14 | 8-K | Earnings release |
| 2025-09-15 | DEF 14A | Proxy statement |
More from our coverage
- MSFTPlatforms8.4MicrosoftThe most entrenched software franchise in the enterprise, now spending its cash flow on AI capacity; a great business we would own with a margin of safety, not at any price.Base value $410.29
- NVDAAI infrastructure8.4NVIDIAThe best business in technology at the top of its cycle: the moat is CUDA as much as silicon, but today's margins are a peak, not a floor.Base value $104.32
- AAPLHardware7.6AppleOne of the highest-quality businesses in the world growing in the low single digits; the price usually assumes more growth than the numbers show.Base value $134.27
- GOOGLPlatforms7.4AlphabetSearch pays for everything, and AI is both its biggest threat and its biggest opportunity; the price has to allow for search being worth less than it was.Base value $209.60
- NOWSoftware7.4ServiceNowA rare enterprise platform still growing above 20% with high retention; the free cash flow is real but stock pay takes a large share of it.Base value $189.13
- ADBESoftware7.4AdobeSuperb margins and a shrinking share count, priced for decline; the question is whether AI makes Adobe's tools more valuable or makes them unnecessary.Base value $449.35
