Dragonfly Energy Holdings Corp. (DFLI) AI Stock Analysis

Dragonfly Energy Holdings Corp. specializes in the manufacturing and supply of deep cycle lithium-ion batteries tailored for applications including recreational vehicles, marine vessels, off-grid installations, and other storage needs. Headquartered in Reno, Nevada, the company deploys innovative solid-state cell technology aimed at advancing sustainable practices and enhancing grid reliability. Beyond consumer markets in RVs and marine industries, Dragonfly Energy seeks to support off-grid installations where durable, reliable energy storage is required and plays a role in advancing smart grid technology and energy storage efficiency.

Dragonfly Energy's revenue increased from $78.0M in FY2021 to $86.3M in FY2022, before falling to $64.4M in FY2023 and $50.6M in FY2024. In FY2025, revenue rebounded 15.8% to $58.6M, though net income worsened to -$69.9M with a net margin of -119.3% and EPS of -$127.17. Across the five years from FY2020 to FY2025, revenue achieved a CAGR of 4.4%. For the trailing twelve months ended June 30, 2026, revenue was $51.9M with an operating margin of -22.0% and EPS of -$64.56. In the latest quarter ended June 30, 2026, quarterly revenue declined 19.0% year-over-year.

As of June 30, 2026, Dragonfly Energy held $6.3M in cash and short-term investments alongside total debt of $32.9M, yielding net debt of $26.6M. The company reported shareholders' equity of $23.3M, total assets of $70.3M, a current ratio of 2.34, and a debt-to-equity ratio of 1.41. In FY2025, operating cash flow was -$26.0M and free cash flow was -$27.9M, while capital expenditures totaled $1.9M and dividends paid were $875,000. Additionally, the company's share count increased 291.1% over five years.

DFLI carries a market capitalization of $5.2M and an enterprise value of $39.8M. The stock trades at a price-to-sales multiple of 0.1x, below the 1.5x median of its US-listed Industrials peers. Its enterprise value-to-EBITDA stands at 48.3x, compared to the peer median of 13.9x, and its price-to-book ratio is 4.3x. Over the past year, DFLI delivered a return of -97.4%, trailing the S&P 500 return of 16.8%. The stock is down 88.7% year-to-date and sits 82.2% below its 200-day average.

Wall Street coverage consists of 1 Strong Buy, 0 Buy, 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $24.00, representing a 766.4% premium over the last close of $2.77. For the fiscal year ending December 31, 2026, estimated revenue is $51.9M with an EPS estimate of -$13.36. For the next fiscal year, 1 analyst projects revenue of $83.7M and an EPS of -$2.96. The company beat EPS estimates in 1 of the last 4 quarters, with next earnings scheduled for November 13, 2026.

This page is an AI-written research summary of Dragonfly Energy Holdings Corp. (DFLI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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