Dragonfly Energy Holdings Corp ( (DFLI) ) has released its Q3 earnings. Here is a breakdown of the information Dragonfly Energy Holdings Corp presented to its investors.
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Dragonfly Energy Holdings Corp., a leader in energy storage and battery technology, specializes in lithium battery manufacturing and integration, serving a diverse range of industries including energy storage systems and electric vehicles. In the third quarter of 2025, Dragonfly Energy reported net sales of $16.0 million, a 25.5% increase from the previous year, driven by a 44% growth in OEM sales. The company also achieved a gross margin expansion of 710 basis points to 29.7%, though it reported a net loss of $11.1 million. Key financial metrics highlighted include a significant improvement in adjusted EBITDA, which rose to $(2.1) million from $(5.5) million in the prior year. The company successfully raised $90 million through public offerings, which facilitated a comprehensive debt restructuring, enhancing its financial flexibility. Looking forward, Dragonfly Energy anticipates fourth-quarter net sales of approximately $13.0 million, reflecting a 7% year-over-year growth, as it continues to focus on strategic growth and long-term investments in battery technology.