DFLINasdaqMiscellaneous Electrical Machinery, Equipment & SuppliesFiscal year ends December 31Also trades as DFLIW
Dragonfly Energy Holdings Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$2.92+0.15 (+5.42%)
Close on Oct 19, 2026
- Market cap
- $37.05M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
26.7%
Operating margin
-39.5%
Net margin
-119.3%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +15.8% | -12.1% | – | – | |
| Gross profit | +34.6% | -12.8% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -6579.4% | |
| Return on assets | – | – | -86.5% | |
| Current ratio | 25.00 | 25.00 | 2.54 | |
| Debt to equity | – | – | 0.84 | |
| Net debt to EBITDA | – | – | 0.41× | |
| Interest coverage | – | – | -1.1× | |
| Inventory turnover | – | – | 1.9× | |
| Capex to revenue | – | – | 3.3% | |
| Diluted shares | – | – | 5M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Dragonfly Energy generated $110.13M from operations and spent $21.35M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$110.13M
Used
$21.35M
Capital expenditure$21.35M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-119.3%
×Asset turnover0.72×
×Equity multiplier76.09×
=Return on equity, FY2025-6579.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -119.3% | 0.72× | 76.09× | -6579.4% |
| FY2024 | -80.2% | 0.67× | 8.13× | -438.9% |
| FY2023 | -21.5% | 0.78× | 4.25× | -71.5% |
| FY2022 | -46.4% | 1.04× | 6.21× | -300.3% |
| FY2021 | 5.6% | 2.05× | 3.12× | 35.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$69.94M
- Cash generatingOperating cash flow above zero-$25.97M
- Return on assets improvedROA up on the prior year-54.0% → -93.0%
- Earnings backed by cashOperating cash flow above net income-$25.97M vs -$69.94M
- Less leverageLong-term debt to assets fell39.4% → 10.6%
- Better liquidityCurrent ratio rose1.51 → 2.54
- No dilutionShare count did not rise1M → 5M
- Gross margin improvedGross margin up on the prior year22.96% → 26.69%
- More efficientAsset turnover rose0.67 → 0.78