Dragonfly Energy Holdings Corp.

Listed Company

DFLICIK 0001847986NasdaqEmerging GrowthMiscellaneous Electrical Machinery, Equipment & SuppliesNevadaFY ends Dec 31

Period

FY 2025

Revenue

$58.63M

Net Income

$-69.94M

Total Assets

$86.55M

Equity

$11.53M

Shares Out

12.82M

Op. Cash Flow

$-25.97M

DFLI$1.45+714.61% · past yearDBEQ Basic

Daily closing prices

Business

Dragonfly Energy Holdings Corp. manufactures non-toxic deep-cycle lithium iron phosphate (LFP) batteries marketed under the Battle Born brand, serving recreational vehicles, marine vessels, industrial applications, and heavy-duty trucking markets. The company designs, assembles, and tests batteries in the United States, offering integrated battery management systems, heating capability, monitoring technology, and complementary power-system components including inverters, chargers, and alternator-regulation solutions. Core revenue channels include original equipment manufacturer partnerships, direct-to-consumer, distributors, and fleet operators; the company is shifting growth focus toward OEM, fleet, and industrial channels while developing proprietary dry-electrode cell manufacturing and solid-state battery technology.

Summary from 10-K filed 2026-03-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Sales	59	51	64	86	78
Cost of Goods Sold	43	39	49	63	48
Gross Profit	16	12	15	24	30
Research and development	3	5	4	3	3
General and administrative	23	22	26	42	11
Selling and marketing	10	10	13	14	10
Loss on impairment of right-of-use assets	3	—	—	—	—
Total Operating Expenses	39	37	43	58	23
Loss From Operations	−23	−26	−27	−34	6
Interest expense, net	−20	−22	−16	—	—
Other (expense) income	131,000	−36,000	19,000	40,000	1,000
Change in fair market value of warrant liability	5	7	30	5	—
Debt extinguishment	−32	—	—	−5	—
Total Other Expense	−47	−15	14	−6	−518,000
Net Loss Before Taxes	−70	−41	−14	−41	6
Income Tax Expense (Benefit)	−94,000	—	−26,000	−709,000	2
Net Loss	−70	−41	−14	−40	4
Less: Preferred Stock Dividends	−869,000	—	—	—	—
Net Loss Attributable to Common Shareholders	−71	−41	—	—	—
Loss Per Share- Basic	−14.8	−59.15	−2.36	−1.04	0.12
Loss Per Share- Diluted	−14.8	−59.15	−2.36	−1.04	0.11
Weighted Average Number of Shares - Basic	5	686,683	6	39	36
Weighted Average Number of Shares - Diluted	5	686,683	6	39	38

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	18	5	13	18	26
Accounts receivable, net of allowance for credit losses	4	2	2	1	783,000
Inventory	24	22	39	50	27
Prepaid expenses	1	806,000	772,000	2	293,000
Prepaid inventory	937,000	1	1	2	7
Prepaid income tax	353,000	307,000	519,000	525,000	—
Assets held for sale	—	644,000	—	—	—
Other current assets	1	825,000	118,000	267,000	2
Total Current Assets	50	33	56	74	66
Machinery and equipment	18	17	17	10	4
Office furniture and equipment	432,000	355,000	319,000	275,000	201,000
Leasehold improvements	8	9	2	2	1
Vehicle	33,000	33,000	33,000	195,000	195,000
Total	26	26	19	12	5
Less accumulated depreciation and amortization	−5	−4	−3	−2	−857,000
Property and Equipment, Net	21	22	16	11	4
Operating lease right of use asset, net	15	20	3	5	6
Other assets	388,000	445,000	—	—	—
Total Assets	87	75	75	89	76
Accounts payable	10	11	10	13	11
Accrued payroll and other liabilities	4	4	7	6	3
Accrued tariffs	943,000	2	—	—	—
Accrued settlement, current portion	—	750,000	—	—	—
Customer deposits	121,000	317,000	201,000	238,000	434,000
Deferred revenue, current portion	1	1	—	—	—
Uncertain tax position liability	—	55,000	—	—	—
Dividends Payable	317,000	—	—	—	—
Notes payable, current portion, net of debt issuance costs	433,000	—	20	19	2
Operating lease liability, current portion	3	3	1	1	1
Financing lease liability, current portion	35,000	47,000	36,000	10,000	—
Total Current Liabilities	20	22	40	41	18
Deferred revenue, net of current portion	3	4	—	—	—
Warrant liabilities	713,000	5	4	—	—
Accrued settlement, net of current portion	—	2	—	—	—
Notes payable, non current portion, net of debt issuance costs	9	30	—	—	37
Operating lease liability, net of current portion	20	23	2	4	5
Financing lease liability, net of current portion	28,000	63,000	66,000	35,000	—
Total Long-Term Liabilities	33	63	7	37	42
Total Liabilities	53	85	47	78	60
Commitments and Contingencies (See Note 5)	—	—	—	—	—
Preferred stock, 4,995,000 shares at $0.0001 par value, authorized, no shares issued and outstanding as of December 31, 2025 and 2024, respectively	—	—	—	—	—
Common stock, 400,000,000 shares at $0.0001 par value, authorized, 12,078,713 and 723,265 shares issued and outstanding as of December 31, 2025 and 2024, respectively	1,000	—	1,000	4,000	4,000
Additional paid in capital	164	73	69	38	4
Accumulated deficit	−152	−82	−42	−28	12
Total Stockholders Equity (Deficit)	12	−9	28	11	16
Total Liabilities, Series B Preferred Stock and Stockholders Equity (Deficit)	87	75	75	89	76

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock based compensation	714,000	1	7	2	734,000
Amortization of debt discount	8	7	1	2	206,000
Non-cash interest expense (paid-in kind)	12	10	5	1	—
Debt restructuring fees (paid-in-kind)	465,000	—	—	—	—
Provision for credit losses	140,000	3,000	114,000	108,000	50,000
Depreciation and amortization	2	1	1	891,000	617,000
Amortization of right of use of assets	2	2	1	—	—
Loss on disposal of property and equipment	199,000	—	116,000	56,000	124,000
Loss on impairment of assets	—	873,000	—	—	—
Write-off of prepaid inventory	—	69,000	596,000	—	—
Accounts receivable	−2	−780,000	−309,000	−769,000	1
Inventories	−3	17	11	−23	−21
Prepaid expenses	−282,000	170,000	852,000	−1	58,000
Prepaid inventory	425,000	−50,000	25,000	5	−6
Prepaid income tax	−46,000	—	—	—	—
Other current assets	−258,000	−707,000	149,000	2	−1
Other assets	57,000	−445,000	19,000	1	1
Accounts payable and accrued expenses	1	−4	−4	4	9
Operating lease liabilities	−3	−1	—	—	—
Accrued tariffs	−972,000	202,000	781,000	433,000	—
Accrued settlement	−3	3	—	—	—
Deferred revenue	−1	5	—	—	—
Uncertain tax position liability	−55,000	−36,000	−37,000	128,000	−19,000
Customer deposits	−196,000	116,000	−37,000	−196,000	−1
Total Adjustments	44	33	−4	−6	−18
Net Cash Used in Operating Activities	−26	−7	−18	−46	−14
Proceeds from sale of property and equipment	—	8,000	—	35,000	61,000
Purchase of property and equipment	−2	−3	−7	−7	−3
Net Cash Used in Investing Activities	−2	−3	−7	−7	−3
Proceeds from public offering	84	—	22	—	126
Proceeds from public offering (ATM), net	63,000	2	1	—	—
Proceeds from note payable, related party	—	3	1	—	45
Repayment of note payable, related party	—	−3	−1	—	—
Repayment of note payable	−49	—	−5	−45	—
Proceeds from preferred stock offering, net of fees	7	—	—	—	—
Principal payments on finance leases	−47,000	−45,000	—	—	—
Proceeds from exercise of options	—	4,000	586,000	706,000	184,000
Payment of debt financing fees	−465,000	—	—	—	—
Net Cash Provided by Financing Activities	41	2	20	42	39
Net Increase (Decrease) in cash and cash equivalents	13	−8	−5	—	—
Cash paid for income taxes	7,000	—	238,000	773,000	2,390
Cash paid for interest	5,000	6	9	2	313
Purchases of property and equipment, not yet paid	179,000	2	96,000	419,000	255,000
Recognition of right of use asset obtained in exchange for operating lease liability	642,000	19	—	—	6
Recognition of leasehold improvements obtained in exchange for operating lease liability	—	5	—	—	—
Recognition of machinery & equipment obtained in exchange for financing lease liability	—	53,000	—	—	—
Recognition of warrant liability - Investor Warrants	697,000	—	14	—	—
Conversion of preferred stock to common stock	7	—	—	—	—
Accrued dividends	317,000	—	—	—	—
Dividends paid in kind	79,000	—	—	—	—
Accretion of preferred stock discount	473,000	—	—	—	—
Conversion of notes payable to preferred shares	25	—	—	—	—
Recognition of warrant liability - Penny Warrants	—	7	698,000	—	—
Settlement of accrued liability for employee stock purchase plan	97,000	250,000	—	—	—
Reclassification of assets held for sale to machinery and equipment	644,000	—	—	—	—
Reclassification of assets held for sale	—	644,000	—	—	—

Filings

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Frequently asked questions

What is Dragonfly Energy Holdings Corp.'s CIK number?

Dragonfly Energy Holdings Corp.'s SEC CIK number is 0001847986 (1847986). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Dragonfly Energy Holdings Corp.'s SEC filings?

All of Dragonfly Energy Holdings Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Dragonfly Energy Holdings Corp. last report earnings?

Dragonfly Energy Holdings Corp. (DFLI) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-023084). This is Dragonfly Energy Holdings Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Dragonfly Energy Holdings Corp.'s most recent earnings 8-K?

Dragonfly Energy Holdings Corp.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001493152-26-023084. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Dragonfly Energy Holdings Corp.'s latest earnings 8-K →
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