Dragonfly Energy Holdings Corp. (DFLI) Income Statement
DFLI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDFLI revenue and net income
Where DFLI's revenue goes
2025Each bar shows an amount and its share of revenue. DFLI kept −119.3% of revenue as net income.
DFLI profit margins
DFLI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.8% | −12.1% | +4.4% | — |
| Gross profit | +34.6% | −12.8% | −5.4% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DFLI quarterly EPS vs estimates
Dragonfly Energy beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 13, 2026 (estimate $-3.04).
DFLI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $58.6M | $50.6M | $64.4M | $86.3M | $78.0M | $47.2M |
| Cost of revenue | $43.0M | $39.0M | $48.9M | $62.6M | $48.4M | $26.6M |
| Gross profit | $15.6M | $11.6M | $15.4M | $23.6M | $29.6M | $20.6M |
| Research & development | $3.0M | $5.5M | $3.9M | $2.8M | $2.7M | $1.2M |
| Sales, general & admin | $33.2M | $31.9M | $39.0M | $55.2M | $20.5M | $10.6M |
| Total operating expenses | $36.2M | $37.4M | $42.9M | $58.0M | $23.2M | $11.9M |
| Operating income | −$20.5M | −$25.8M | −$27.4M | −$34.4M | $6.5M | $8.7M |
| Interest expense | $20.3M | $21.5M | $16.0M | $6.9M | $519,000 | $18,000 |
| Income before taxes | −$70.0M | −$40.6M | −$13.8M | −$40.7M | $5.9M | $8.8M |
| Income taxes | −$94,000 | — | −$26,000 | −$709,000 | $1.6M | $1.9M |
| Net income | −$69.9M | −$40.6M | −$13.8M | −$40.0M | $4.3M | $6.9M |
| EBITDA | −$45.1M | −$15.5M | $3.4M | −$32.8M | $7.1M | $8.9M |
| EPS (diluted) | −$127.17 | −$46.93 | −$67.08 | −$0.62 | $0.12 | $3.91 |
| Gross margin | 26.7% | 23.0% | 24.0% | 27.4% | 38.0% | 43.7% |
| Operating margin | −35.0% | −50.9% | −42.6% | −39.9% | 8.3% | 18.5% |
| Net margin | −119.3% | −80.2% | −21.5% | −46.4% | 5.6% | 14.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.2M | $9.7M | $13.1M | $16.0M | $16.2M | $13.4M | $12.2M | $12.7M | $13.2M | $12.5M | $10.4M | $15.9M |
| Cost of revenue | $8.8M | $8.0M | $10.7M | $11.2M | $11.6M | $9.4M | $9.7M | $9.8M | $10.0M | $9.5M | $8.4M | $11.3M |
| Gross profit | $4.3M | $1.7M | $2.4M | $4.7M | $4.6M | $3.9M | $2.5M | $2.9M | $3.2M | $3.1M | $2.0M | $4.6M |
| Research & development | $648,000 | $980,000 | $704,000 | $585,000 | $692,000 | $1.0M | $956,000 | $1.6M | $1.5M | $1.3M | $531,000 | $1.4M |
| Sales, general & admin | $6.6M | $6.5M | $9.2M | $7.9M | $7.2M | $8.8M | $8.7M | $7.3M | $8.4M | $7.6M | $4.8M | $9.1M |
| Total operating expenses | $7.2M | $7.4M | $9.9M | $8.5M | $7.9M | $9.8M | $9.7M | $8.9M | $9.9M | $8.9M | $13.8M | $10.5M |
| Operating income | −$2.9M | −$5.7M | −$7.5M | −$3.8M | −$3.3M | −$5.9M | −$7.1M | −$6.0M | −$6.7M | −$5.8M | −$3.3M | −$5.9M |
| Interest expense | $1.5M | $1.5M | $3.7M | $6.4M | $5.4M | $4.7M | $6.3M | $5.6M | $4.9M | $4.8M | $4.1M | $4.0M |
| Income before taxes | −$4.4M | −$6.6M | −$45.1M | −$11.1M | −$7.0M | −$6.8M | −$9.8M | −$6.8M | −$13.6M | −$10.4M | $3.0M | −$10.0M |
| Income taxes | — | — | −$94,000 | — | — | — | −$710,724 | — | — | −$26,000 | — | −$316,000 |
| Net income | −$4.4M | −$6.6M | −$45.0M | −$11.1M | −$7.0M | −$6.8M | −$9.8M | −$6.8M | −$13.6M | −$10.4M | $3.0M | −$10.0M |
| EBITDA | −$2.1M | −$4.1M | −$40.5M | −$3.6M | −$435,000 | −$579,000 | −$2.6M | −$270,000 | −$7.8M | −$4.9M | — | −$5.7M |
| EPS (diluted) | −$0.43 | −$0.64 | −$117.92 | −$2.00 | −$5.80 | −$1.45 | −$1.39 | −$9.90 | −$19.80 | −$15.84 | −$1.03 | −$15.12 |
| Gross margin | 33.0% | 17.6% | 18.2% | 29.7% | 28.3% | 29.4% | 20.8% | 22.6% | 24.0% | 24.4% | 19.5% | 28.8% |
| Operating margin | −22.0% | −59.0% | −57.7% | −23.7% | −20.2% | −44.3% | −58.5% | −47.4% | −51.1% | −46.7% | −31.8% | −37.1% |
| Net margin | −33.3% | −68.3% | −344.9% | −69.3% | −43.3% | −50.9% | −80.6% | −53.3% | −103.2% | −82.9% | 28.9% | −63.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DFLI's financial statements (latest annual report filed March 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DFLI financial results
In fiscal year 2025 (ended December 31, 2025), Dragonfly Energy reported revenue of $58.6 million, up 15.8% from the year before. It had a net loss of $69.9 million, a net profit margin of −119.3%. Diluted earnings per share came to −$127.17. Over five years revenue grew at an average rate of 4.4% a year.
See the DFLI stock overview for the latest quote and news, or the DFLI chart for price history and technical indicators.
DFLI income statement FAQ
What is Dragonfly Energy's annual revenue?
Dragonfly Energy reported total revenue of $58.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 15.8% from $50.6 million the previous year.
Is Dragonfly Energy profitable?
No. Dragonfly Energy reported a net loss of $69.9 million in fiscal 2025, a net profit margin of −119.3%; its operating margin was −35.0%.
What is Dragonfly Energy's gross margin?
Dragonfly Energy's gross margin was 26.7% in fiscal 2025: for every $100 of revenue, Dragonfly Energy kept $27 after the direct cost of its products and services.
How much does Dragonfly Energy spend on research and development?
Dragonfly Energy spent $3.0 million on research and development in fiscal 2025, 5.1% of revenue.
How fast is Dragonfly Energy growing?
Revenue grew 4.4% a year on average over the last five fiscal years, from $47.2 million to $58.6 million.
What are Dragonfly Energy's earnings per share?
Dragonfly Energy earned $-127.17 per diluted share in fiscal 2025, compared with $-46.93 a year earlier.
When will Dragonfly Energy report its next earnings?
Dragonfly Energy is expected to report results for the quarter ending September 30, 2026 on November 13, 2026 after the market closes.
When does Dragonfly Energy's fiscal year end?
Dragonfly Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 30, 2026.