Dragonfly Energy Holdings Corp. (DFLI) Key Metrics
DFLI valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $5.2M
- Enterprise value
- $39.8M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.1 10-yr median 4.4
- Price / book
- 4.3 10-yr median 10.3
- EV / EBITDA
- 48.3
- Dividend yield
- —
- Beta
- 0.32
DFLI key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDFLI valuation Price multiples at each fiscal year-end price.
Price / sales−93.4%
0.3
2025 · hover or tap a bar for each year
20202025
Price / book
1.3
2025 · hover or tap a bar for each year
20202025
Free cash flow yield−184.9 pts
−190.1%
2025 · hover or tap a bar for each year
20202025
DFLI returns How much profit the business earns on the capital it uses.
Return on invested capital+2.8 pts
−48.4%
2025 · hover or tap a bar for each year
20202025
Return on assets−32.5 pts
−86.5%
2025 · hover or tap a bar for each year
20202025
Free cash flow margin−28.0 pts
−47.6%
2025 · hover or tap a bar for each year
20202025
Asset turnover+7.6%
0.72
2025 · hover or tap a bar for each year
20202025
DFLI per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+66.2%
$98.06
2025 · hover or tap a bar for each year
20202025
Earnings per share
−$116.97
2025 · hover or tap a bar for each year
20202025
Free cash flow per share
−$46.69
2025 · hover or tap a bar for each year
20202025
Book value per share
$19.28
2025 · hover or tap a bar for each year
20202025
Shares outstanding−30.3%
598K
2025 · hover or tap a bar for each year
20202025
DFLI financial health Debt, liquidity and how easily interest is covered.
Debt / equity
2.84
2025 · hover or tap a bar for each year
20202025
Net debt−$36.0M
$14.4M
2025 · hover or tap a bar for each year
20202025
Current ratio+68.6%
2.54
2025 · hover or tap a bar for each year
20202025
Interest coverage
-1.0
2025 · hover or tap a bar for each year
20202025
Debt / assets−48.6%
0.38
2025 · hover or tap a bar for each year
20202025
DFLI efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+6 days
21 days
2025 · hover or tap a bar for each year
20202025
Days of inventory−88 days
195 days
2025 · hover or tap a bar for each year
20202025
Days payables outstanding−9 days
89 days
2025 · hover or tap a bar for each year
20202025
Cash conversion cycle−73 days
126 days
2025 · hover or tap a bar for each year
20202025
Capex / revenue−2.1 pts
3.3%
2025 · hover or tap a bar for each year
20202025
DFLI valuation history
Fiscal year-endToday6-year median
DFLI returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DFLI debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DFLI cash returned to shareholders
DividendsBuybacksFree cash flow
DFLI price vs earnings per share
Share price at year-endEPS (right axis)
DFLI key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $14.7M | $190.9M | $286.1M | $4.59B | $29.11B | — |
| Enterprise value | $29.1M | $241.3M | $296.7M | $4.60B | $29.13B | — |
| Price / sales | 0.3 | 3.8 | 4.4 | 53.2 | 373.2 | — |
| Price / book | 1.3 | — | 10.3 | 427.2 | — | — |
| EV / sales | 0.5 | 4.8 | 4.6 | 53.3 | 373.5 | — |
| EV / EBITDA | — | — | 87.0 | — | — | — |
| Earnings yield | −476.3% | −21.3% | −4.8% | −0.9% | 0.0% | — |
| Free cash flow yield | −190.1% | −5.2% | −8.6% | −1.1% | −0.1% | — |
| Dividend yield | 6.0% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 6.0% | — | — | — | — | — |
| Share price at fiscal year-end | $24.56 | $222.40 | $390.24 | $8,568.00 | $7,178.40 | — |
| Per share | ||||||
| Revenue per share | $98.06 | $59.00 | $87.83 | $161.03 | $19.23 | — |
| Earnings per share | −$116.97 | −$47.32 | −$18.85 | −$74.66 | $1.07 | — |
| Operating cash flow per share | −$43.43 | −$8.37 | −$24.15 | −$85.31 | −$3.35 | — |
| Free cash flow per share | −$46.69 | −$11.56 | −$33.54 | −$98.12 | −$4.08 | — |
| Cash per share | $30.56 | $5.65 | $17.34 | $33.20 | $6.31 | — |
| Book value per share | $19.28 | −$10.96 | $38.07 | $20.06 | $3.47 | — |
| Tangible book value per share | $19.28 | −$10.96 | $38.07 | $20.06 | $3.47 | — |
| Dividends per share | $1.46 | — | — | — | — | — |
| Capex per share | $3.26 | $3.19 | $9.39 | $12.81 | $0.73 | — |
| Debt per share | $54.71 | $64.39 | $31.79 | $44.84 | $11.02 | — |
| Shares outstanding | 598K | 858K | 733K | 536K | 4.1M | — |
| Change in shares outstanding | −30.3% | +17.1% | +36.9% | −86.8% | — | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | — | — | −71.5% | −322.5% | 38.4% | 80.4% |
| Return on invested capital (ROIC) | −48.4% | −51.2% | −78.1% | −108.3% | 25.8% | 206.0% |
| Return on assets (ROA) | −86.5% | −54.0% | −16.8% | −48.4% | 9.1% | 36.6% |
| Return on tangible assets | −80.8% | −54.0% | −18.4% | −44.9% | 5.7% | 36.6% |
| Free cash flow margin | −47.6% | −19.6% | −38.2% | −60.9% | −21.2% | 11.1% |
| Income quality (OCF / net income) | — | — | — | — | −3.13 | 0.97 |
| Financial health | ||||||
| Total debt | $32.7M | $55.3M | $23.3M | $24.0M | $44.7M | $983,000 |
| Cash & short-term investments | $18.3M | $4.8M | $12.7M | $17.8M | $25.6M | $6.2M |
| Net debt | $14.4M | $50.4M | $10.6M | $6.2M | $19.1M | −$5.2M |
| Debt / equity | 2.84 | — | 0.84 | 2.24 | 3.18 | 0.11 |
| Debt / assets | 0.38 | 0.73 | 0.31 | 0.27 | 0.59 | 0.05 |
| Net debt / EBITDA | — | — | 3.11 | — | 2.70 | −0.58 |
| Current ratio | 2.54 | 1.51 | 1.38 | 1.78 | 3.67 | 2.20 |
| Quick ratio | 1.31 | 0.51 | 0.42 | 0.57 | 2.17 | 1.37 |
| Interest coverage | -1.0 | -1.2 | -1.7 | -5.0 | 12.5 | 485.9 |
| Working capital | $30.4M | $11.1M | $15.5M | $32.4M | $48.1M | $8.6M |
| Invested capital | $26.0M | $41.0M | $38.5M | $17.0M | $33.2M | $3.3M |
| Tangible asset value | $11.5M | −$9.4M | $27.9M | $10.7M | $14.1M | $8.6M |
| Net current asset value | −$24.8M | −$51.7M | $8.6M | −$4.5M | $3.9M | $5.5M |
| Graham number | — | — | — | — | $9.14 | — |
| Graham net-net per share | −$69.36 | −$78.17 | −$19.04 | −$64.23 | −$5.54 | — |
| Capital allocation | ||||||
| Dividends paid | $875,000 | — | — | — | — | — |
| Capex / revenue | 3.3% | 5.4% | 10.7% | 8.0% | 3.8% | 3.0% |
| Capex / operating cash flow | — | — | — | — | — | 21.2% |
| Capex / depreciation | 0.41 | 0.76 | 5.57 | 7.70 | 4.81 | 7.12 |
| Stock-based compensation / revenue | 1.2% | 2.0% | 10.4% | 2.9% | 0.9% | 0.7% |
| R&D / revenue | 5.1% | 10.8% | 6.0% | 3.2% | 3.4% | 2.6% |
| SG&A / revenue | 56.6% | 63.1% | 60.6% | 64.0% | 26.2% | 22.5% |
| Efficiency | ||||||
| Days sales outstanding | 20.6 | 14.6 | 8.7 | 4.7 | 6.1 | 14.2 |
| Days of inventory on hand | 195.1 | 282.9 | 331.7 | 225.3 | 124.8 | 81.7 |
| Days payables outstanding | 89.3 | 98.1 | 88.5 | 72.4 | 54.5 | 42.4 |
| Cash conversion cycle (days) | 126.4 | 199.5 | 252.0 | 157.6 | 76.4 | 53.5 |
| Receivables turnover | 17.68 | 24.98 | 41.77 | 77.46 | 59.47 | 25.65 |
| Payables turnover | 4.09 | 3.72 | 4.12 | 5.04 | 6.70 | 8.60 |
| Inventory turnover | 1.87 | 1.29 | 1.10 | 1.62 | 2.93 | 4.47 |
| Asset turnover | 0.72 | 0.67 | 0.78 | 1.04 | 1.64 | 2.51 |
| Average receivables | $3.3M | $2.0M | $1.5M | $1.1M | $1.3M | $1.8M |
| Average payables | $10.5M | $10.5M | $11.9M | $12.4M | $7.2M | $3.1M |
| Average inventory | $23.0M | $30.2M | $44.5M | $38.7M | $16.5M | $5.9M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from DFLI's annual financial statements (latest annual report filed March 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DFLI valuation and financial ratios
Dragonfly Energy earned a return on invested capital of −48.4% in fiscal 2025. It ended the year with $32.7 million of debt and $18.3 million in cash and short-term investments, net debt of $14.4 million. It returned $0.9 million to shareholders: $0.9 million in dividends and $0 in share buybacks.
See the DFLI income statement, the DFLI chart for price history, or the DFLI stock overview for the latest quote and news.
DFLI key metrics FAQ
What is Dragonfly Energy's ROIC?
Dragonfly Energy's return on invested capital was −48.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Dragonfly Energy have?
Dragonfly Energy had total debt of $32.7 million at the end of fiscal 2025, a debt-to-equity ratio of 2.84.
What is Dragonfly Energy's dividend yield?
Dragonfly Energy paid $0.9 million in dividends in fiscal 2025 ($1.46 per share), a payout ratio of —.
What is Dragonfly Energy's free cash flow yield?
Dragonfly Energy generated -$27.9 million of free cash flow in fiscal 2025, a free cash flow yield of −190.1% on its market value at year-end ($14.7 million).
What is Dragonfly Energy's current ratio?
Dragonfly Energy's current ratio was 2.54 at the end of fiscal 2025: current assets were 2.54 times current liabilities.