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Dragonfly Energy Holdings Corp (DFLI)
NASDAQ:DFLI
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Dragonfly Energy Holdings Corp
(NASDAQ:DFLI)
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Rating:43Neutral
Price Target:
$0.50
▼(-24.24% Downside)
Dragonfly Energy Holdings Corp faces significant financial challenges, with ongoing losses and high leverage being the most impactful factors. While there are positive developments in revenue growth and strategic partnerships, the financial instability and valuation concerns weigh heavily on the overall score.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective sales strategies, enhancing long-term business stability and expansion potential.
OEM Segment Success
Significant growth in OEM sales underscores successful partnerships and product integration, which can lead to sustained revenue streams and market leadership.
Patent Advancement
The patent for solid-state batteries positions the company as a technological leader, potentially attracting new customers and partners, and driving long-term growth.
Negative Factors
Financial Instability
High leverage and negative equity indicate financial distress, limiting the company's ability to invest in growth and posing risks to long-term viability.
Ongoing Net Loss
Continued net losses, despite improvements, highlight challenges in achieving profitability, which could hinder future growth and investor confidence.
Cash Flow Challenges
Negative cash flows constrain the company's ability to fund operations and growth initiatives, potentially impacting its long-term sustainability.
Dragonfly Energy Holdings Corp (DFLI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$40.50M
Dividend YieldN/A
Average Volume (3M)22.46M
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue Growth4.80%
EPS Growth16.72%
CountryUS
Employees139
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.58
Shares Outstanding61,741,850
10 Day Avg. Volume24,364,402
30 Day Avg. Volume22,455,680
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.59
Enterprise Value/Revenue1.18
Enterprise Value/Gross Profit4.62
Enterprise Value/Ebitda-16.73
Forecast
1Y Price Target
$1.00Price Target Upside51.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Dragonfly Energy Holdings Corp Business Overview & Revenue Model
Company DescriptionDragonfly Energy Holdings Corp. manufactures and supplies deep cycle lithium-ion batteries for RVs, marine vessels, off-grid installations, and other storage applications. It also focuses on delivering an energy storage solution to enable a sustainable and reliable smart grid through the deployment of its solid-state cell technology. The company is headquartered in Reno, Nevada.
How the Company Makes MoneyDragonfly Energy makes money through the sale of its lithium-ion battery products. The company's revenue model is based on manufacturing and distributing these batteries to both individual consumers and businesses across several industries that require reliable energy storage solutions. Key revenue streams include direct sales to end users, partnerships with original equipment manufacturers (OEMs), and strategic collaborations with companies in the renewable energy sector. Additionally, Dragonfly Energy benefits from the growing trend towards sustainable and renewable energy, which drives demand for advanced energy storage solutions.
Dragonfly Energy Holdings Corp Earnings Call Summary
Earnings Call Date:Aug 14, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 17, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong revenue growth, particularly in the OEM segment, and improvements in gross profit and margin. The company is making strategic advancements in technology and capital structure, showing potential for future growth. However, challenges remain in the DTC segment and heavy-duty trucking market, and the company continues to operate at a net loss with negative adjusted EBITDA.Q2-2025 Updates
Positive Updates
Strong Revenue Growth
Net sales grew 23% to $16.2 million, marking the third consecutive quarter of year-over-year revenue growth.
OEM Segment Success
OEM net sales increased by over 50% year-over-year, reaching $10.1 million, driven by strong adoption of integrated solutions.
Improved Gross Profit and Margin
Gross profit rose 45.4% to $4.6 million, and gross margin improved by 430 basis points to 28.3%.
Patent Advancement
Granted a patent for nonflammable all solid-state battery program, enhancing safety, thermal stability, and scalability.
Successful Capital Structure Simplification
Exchanged remaining preferred shares to common stock and completed a public offering raising $5.5 million, strengthening financial flexibility.
Innovation in OEM Partnerships
Development of integrated energy storage systems for Airstream and other OEMs, showcasing engineering capabilities.
Negative Updates
Decline in DTC Segment
Net sales in the DTC segment were $5.9 million, down from $6.5 million, due to ongoing macroeconomic uncertainty.
Heavy-Duty Trucking Challenges
Market conditions remain challenging, with delays in revenue impact from pilot programs due to tariff increases and freight market uncertainty.
Ongoing Net Loss
Net loss was $7.0 million, or $0.58 per share, though improved from a net loss of $13.6 million or $2.02 per share.
Adjusted EBITDA Still Negative
Adjusted EBITDA improved but remained negative at $2.2 million compared to negative $6.2 million.
Company Guidance
During Dragonfly Energy's Second Quarter 2025 Earnings Call, CEO Denis Phares reported a robust 23% year-over-year increase in net sales, reaching $16.2 million, marking the third consecutive quarter of revenue growth. This growth was largely driven by a 50% increase in sales from OEM partners, highlighting the company's strategic focus on expanding partnerships and delivering integrated solutions. Despite a decline in DTC segment sales to $5.9 million due to macroeconomic uncertainties, the company achieved a 45.4% increase in gross profit to $4.6 million and a gross margin expansion of 430 basis points to 28.3%. Operating expenses decreased to $7.9 million, contributing to a reduced net loss of $7.0 million compared to $13.6 million the previous year. Dragonfly Energy also improved its adjusted EBITDA to negative $2.2 million from negative $6.2 million, and anticipates Q3 net sales of $15.9 million, aiming for continued growth and progress towards profitability. The company highlighted its strategic initiatives, including domestic manufacturing advantages, patent advancements in solid-state battery technology, and a focus on expanding into the heavy-duty trucking market.Dragonfly Energy Holdings Corp Financial Statement Overview
Summary
Dragonfly Energy Holdings Corp faces significant financial challenges, including negative net profit margins, high leverage, and negative equity. Despite minor improvements in revenue and free cash flow growth, the company struggles with profitability and solvency, posing substantial risks to financial stability.Income Statement
Dragonfly Energy Holdings Corp has experienced fluctuating revenue growth, with a recent TTM increase of 5.9% following a decline in previous years. However, profitability metrics are concerning, with negative net profit margins and EBIT margins indicating ongoing losses. The gross profit margin has slightly improved but remains below industry averages.35
Negative
Balance Sheet
The balance sheet reveals significant financial instability, with a negative stockholders' equity and a high debt-to-equity ratio, indicating potential solvency issues. The return on equity is positive in the TTM period but driven by negative equity, which is not sustainable. The equity ratio is also negative, highlighting financial distress.25
Negative
Cash Flow
Cash flow analysis shows negative operating and free cash flows, with a slight improvement in free cash flow growth recently. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses, but overall cash flow health is weak.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 54.54M | 50.65M | 64.39M | 86.25M | 78.00M | 47.19M |
| Gross Profit | 13.94M | 11.63M | 15.45M | 24.00M | 29.63M | 20.61M |
| EBITDA | -3.85M | -15.51M | 3.41M | -32.83M | 7.08M | 8.94M |
| Net Income | -30.45M | -40.62M | -13.82M | -39.99M | 4.34M | 6.88M |
Balance Sheet | ||||||
| Total Assets | 71.77M | 75.21M | 75.20M | 89.11M | 76.25M | 18.81M |
| Cash, Cash Equivalents and Short-Term Investments | 2.73M | 4.85M | 12.71M | 17.78M | 25.59M | 6.21M |
| Total Debt | 63.85M | 55.27M | 23.31M | 24.02M | 44.70M | 983.00K |
| Total Liabilities | 88.38M | 84.62M | 47.29M | 78.36M | 60.19M | 10.25M |
| Stockholders Equity | -16.60M | -9.40M | 27.91M | 10.74M | 16.06M | 8.55M |
Cash Flow | ||||||
| Free Cash Flow | -10.65M | -9.92M | -24.59M | -52.56M | -16.54M | 5.23M |
| Operating Cash Flow | -7.62M | -7.18M | -17.71M | -45.70M | -13.57M | 6.64M |
| Investing Cash Flow | -3.03M | -2.73M | -6.88M | -6.83M | -2.91M | -1.41M |
| Financing Cash Flow | 8.68M | 2.05M | 19.52M | 41.67M | 38.91M | 12.00K |
Dragonfly Energy Holdings Corp Technical Analysis
Positive
0.66
Price Trends
0.31
Positive
0.31
Positive
1.09
Negative
Market Momentum
0.05
Negative
86.11
Negative
81.12
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DFLI, the sentiment is Positive. The current price of 0.66 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.31, and below the 200-day MA of 1.09, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 86.11 is Negative, neither overbought nor oversold. The STOCH value of 81.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DFLI.
Dragonfly Energy Holdings Corp Risk Analysis
Dragonfly Energy Holdings Corp disclosed 97 risk factors in its most recent earnings report. Dragonfly Energy Holdings Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Dragonfly Energy Holdings Corp Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $75.26M | -11.19 | 123.50% | ― | 9.22% | 20.66% | |
50 Neutral | $5.14M | -0.06 | -535.26% | ― | 68.33% | 78.66% | |
48 Neutral | $8.24M | -1.80 | -54.95% | ― | 0.13% | 45.00% | |
43 Neutral | $40.50M | ― | -3420.59% | ― | 4.80% | 16.72% | |
43 Neutral | $24.16M | -0.26 | -2271.61% | ― | -16.98% | 2.43% | |
26 Underperform | $26.48M | -0.56 | ― | ― | ― | 25.87% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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Dragonfly Energy Holdings Corp Corporate Events
M&A TransactionsProduct-Related Announcements
Dragonfly Energy Acquires Patent for Wakespeed® Technology
Positive
Sep 4, 2025
On September 4, 2025, Dragonfly Energy Holdings Corp announced the acquisition of a U.S. patent for its Wakespeed® Charge Control technology, enhancing its intellectual property and strengthening its market position in advanced power systems.
The most recent analyst rating on (DFLI) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Dragonfly Energy Holdings Corp stock, see the DFLI Stock Forecast page.
Financial DisclosuresPrivate Placements and Financing
Dragonfly Energy Reports Strong Q2 2025 Results
Positive
Aug 14, 2025
Dragonfly Energy Holdings Corp reported a strong second quarter for 2025, with net sales increasing by 23% to $16.2 million, driven by a 51% growth in OEM sales. The company improved its financial position through a preferred stock exchange and public offering, and anticipates continued growth with projected third-quarter net sales of $15.9 million, despite economic uncertainties.
The most recent analyst rating on (DFLI) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Dragonfly Energy Holdings Corp stock, see the DFLI Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.