Dragonfly Energy Holdings Corp. DFLI
mean Dragonfly Energy Holdings Corp. and its subsidiaries unless stated otherwise or the context otherwise indicates.
are a manufacturer of non-toxic deep cycle lithium-ion batteries that caters to customers in the consumer industry (including the recreational
vehicle ("RV"), marine vessel, industrial, and trucking markets), with proprietary, patented and disruptive battery
cell manufacturing and non-flammable solid-state cell technology currently under development. Our goal is to develop technology to deliver
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $58.6M | $50.6M | $64.4M | $86.3M | $78.0M | — |
| Cost of revenue | $43.0M | $39.0M | $48.9M | $62.6M | $48.4M | — |
| Gross profit | $15.6M | $11.6M | $15.4M | $23.6M | $29.6M | — |
| R&D | $3.0M | $5.5M | $3.9M | $2.8M | $2.7M | — |
| SG&A | $23.0M | $21.9M | $26.4M | $41.6M | $10.6M | — |
| Total operating expenses | $38.8M | $37.4M | $42.9M | $58.0M | $23.2M | — |
| Operating income | -$23.2M | -$25.8M | -$27.4M | -$34.4M | $6.5M | — |
| Interest expense | $20.3M | $21.5M | $16.0M | $7.0M | $519.0K | — |
| Pre-tax income | -$70.0M | -$40.6M | -$13.8M | -$40.7M | $5.9M | — |
| Income tax | $94.0K | — | $26.0K | $709.0K | $1.6M | — |
| Net income | -$69.9M | -$40.6M | -$13.8M | -$40.0M | $4.3M | — |
| EPS, basic | -14.80 | -59.15 | -2.36 | -1.04 | 0.12 | — |
| EPS, diluted | -14.80 | -59.15 | -2.36 | -1.04 | 0.11 | — |
| Shares, diluted (wtd. avg.) | $4.8M | $686.7K | $5.9M | $38.6M | $37.7M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $18.3M | $4.8M | $12.7M | $17.8M | $28.6M | $6.2M |
| Receivables | $4.2M | $2.4M | $1.6M | $1.4M | $783.0K | — |
| Inventory | $24.2M | $21.7M | $38.8M | $50.2M | $27.1M | — |
| Total current assets | $50.2M | $32.9M | $55.9M | $73.8M | $66.1M | $25.0K |
| Property, plant and equipment | $20.7M | $22.1M | $16.0M | $10.8M | $4.5M | — |
| Total assets | $86.5M | $75.2M | $75.2M | $89.1M | $76.3M | $25.0K |
| Accounts payable | $10.3M | $10.7M | $10.3M | $13.5M | $11.4M | — |
| Short-term debt | $433.0K | — | $19.7M | $19.2M | — | — |
| Total current liabilities | $19.8M | $21.9M | $40.4M | $41.5M | $18.0M | $1.0K |
| Long-term debt | $9.2M | $29.6M | $75.9M | $76.2M | — | — |
| Total liabilities | $52.8M | $84.6M | $47.3M | $78.4M | $60.2M | $1.0K |
| Retained earnings | -$152.1M | -$82.2M | -$41.5M | -$27.7M | $12.3M | -$1.0K |
| Total equity | $11.5M | -$9.4M | $27.9M | $10.7M | $15.9M | $8.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$26.0M | -$7.2M | -$17.7M | -$45.7M | -$13.6M | — |
| Depreciation and amortisation | $2.2M | $1.4M | $1.2M | $891.0K | $617.0K | — |
| Stock-based compensation | $714.0K | $1.0M | $6.7M | $2.5M | $734.0K | — |
| Capital expenditure | $1.9M | $2.7M | $6.9M | $6.9M | $3.0M | — |
| Investing cash flow | -$1.9M | -$2.7M | -$6.9M | -$6.8M | -$2.9M | — |
| Financing cash flow | $41.3M | $2.0M | $19.5M | $41.7M | $38.9M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-013635.
Others in SIC 3690
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ENS | EnerSys | $6.56B | 23.6x | 3.7% |
| NOVT | NOVANTA INC | $5.61B | 100.9x | 3.3% |
| QS | QuantumScape Corp | $3.38B | — | — |
| ATKR | Atkore Inc. | $3.17B | — | -11.0% |
| RUN | Sunrun Inc. | $2.14B | 5.2x | 45.1% |
| SPB | Spectrum Brands Holdings, Inc. | $2.04B | 22.9x | -5.2% |
| EMAT | Evolution Metals & Technologies Corp. | $1.88B | — | — |
| ENR | ENERGIZER HOLDINGS, INC. | $1.45B | 6.4x | 2.3% |