Dragonfly Energy Holdings Corp (DFLI) AI Stock Analysis

• Market Cap: $95.80M
• Dividend Yield: N/A
• Average Volume (3M): 13.77M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.67
• Revenue Growth: 18.24%
• EPS Growth: 24.49%
• Country: US
• Employees: 139
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.20
• Shares Outstanding: 120,787,050
• 10 Day Avg. Volume: 6,415,323
• 30 Day Avg. Volume: 13,766,020
• PEG Ratio: >-0.01
• Price to Book (P/B): -2.03
• Price to Sales (P/S): 0.38
• P/FCF Ratio: -1.92
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: 1.71
• Enterprise Value/Gross Profit: 6.27
• Enterprise Value/Ebitda: -12.73
• 1Y Price Target: $1.88
• Price Target Upside: 137.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -2.54
• Revenue Forecast (FY): $63.43M

• Rating: 43 Neutral
• Price Target: $0.70 ▼(-12.03% Downside)

Dragonfly Energy Holdings Corp's overall stock score is primarily impacted by its financial instability, with negative profitability and high leverage posing significant risks. While there are positive signals from revenue growth and debt restructuring, these are overshadowed by ongoing financial challenges and a negative valuation outlook.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong demand for Dragonfly's products, enhancing its market position and potential for future expansion.

Debt Restructuring

Successful debt restructuring improves liquidity and financial stability, providing a stronger foundation for strategic growth initiatives.

Strategic Partnerships

These partnerships enhance Dragonfly's market reach in the RV sector, supporting sustained revenue growth and competitive positioning.

Negative Factors

Financial Instability

Ongoing financial instability due to negative margins and high leverage could hinder long-term growth and operational flexibility.

Net Loss Increase

Increasing net losses highlight challenges in achieving profitability, which may impact the company's ability to invest in growth opportunities.

Negative Operating Cash Flow

Persistent negative operating cash flow suggests liquidity challenges, limiting the company's ability to fund operations and strategic investments.

Dragonfly Energy Holdings Corp Business Overview & Revenue Model

Company Description

Dragonfly 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 Money

Dragonfly Energy generates revenue through the sale of its lithium-ion battery products and energy storage systems. The company's primary revenue streams include direct sales to manufacturers of electric vehicles, recreational vehicles, and marine applications, as well as partnerships with renewable energy firms that integrate its battery systems into their offerings. In addition, Dragonfly has established strategic alliances with various distributors and retailers, expanding its market reach and bolstering sales. The demand for energy storage solutions driven by the growing adoption of renewable energy sources further contributes to the company's earnings.

Dragonfly Energy Holdings Corp Financial Statement Overview

Summary

Dragonfly Energy Holdings Corp is facing significant financial challenges. Despite some revenue growth, the company struggles with profitability and financial stability. High leverage, negative equity, and ongoing cash flow issues pose risks to its financial health. Strategic improvements in cost management and operational efficiency are necessary to enhance profitability and stabilize the financial position.

Income Statement

Dragonfly Energy Holdings Corp has shown a mixed performance in its income statement. The company has experienced a slight revenue growth of 5.95% in the TTM, but it continues to struggle with profitability, as indicated by negative net profit and EBIT margins. The gross profit margin is relatively stable at 27.36%, but the net profit margin remains deeply negative at -60.13%, reflecting ongoing challenges in cost management and operational efficiency.

Balance Sheet

The balance sheet of Dragonfly Energy Holdings Corp reveals significant financial leverage and equity challenges. The company has a negative stockholders' equity, leading to an undefined debt-to-equity ratio in the TTM. The return on equity is also negative, indicating that the company is not generating sufficient returns on its equity base. These factors highlight potential financial instability and risk.

Cash Flow

Cash flow analysis shows some improvement in free cash flow growth, which increased by 55.56% in the TTM. However, the company still faces negative operating cash flow and a high free cash flow to net income ratio, suggesting that cash generation is not keeping pace with net income losses. This indicates ongoing liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	57.78M	50.65M	64.39M	86.25M	78.00M	47.19M
Gross Profit	15.81M	11.63M	15.45M	23.62M	29.63M	20.61M
EBITDA	-7.78M	-15.51M	3.41M	-32.83M	7.08M	8.94M
Net Income	-34.74M	-40.62M	-13.82M	-39.99M	4.34M	6.88M
Balance Sheet
Total Assets	73.84M	75.21M	75.20M	89.11M	76.25M	18.81M
Cash, Cash Equivalents and Short-Term Investments	3.84M	4.85M	12.71M	17.78M	25.59M	6.21M
Total Debt	69.49M	55.27M	23.31M	24.02M	44.70M	983.00K
Total Liabilities	95.42M	84.62M	47.29M	78.36M	62.19M	10.25M
Stockholders Equity	-21.58M	-9.40M	27.91M	10.74M	14.06M	8.55M
Cash Flow
Free Cash Flow	-16.57M	-9.92M	-24.59M	-52.56M	-16.54M	5.23M
Operating Cash Flow	-13.71M	-7.18M	-17.71M	-45.70M	-13.57M	6.64M
Investing Cash Flow	-2.85M	-2.73M	-6.88M	-6.83M	-2.91M	-1.41M
Financing Cash Flow	12.38M	2.05M	19.52M	41.67M	38.91M	12.00K

Dragonfly Energy Holdings Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.79
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DFLI, the sentiment is Negative. The current price of 0.79 is above the 20-day moving average (MA) of 0.79, below the 50-day MA of 1.04, and above the 200-day MA of 0.64, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 46.62 is Neutral, neither overbought nor oversold. The STOCH value of 69.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DFLI.

Dragonfly Energy Holdings Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SKYX	56 Neutral	$246.84M	―	-1421.39%	―	7.06%	12.25%
ULBI	55 Neutral	$95.73M	55.88	1.26%	―	12.94%	-81.09%
CBAT	46 Neutral	$78.94M	-8.75	-5.16%	―	-22.02%	-156.65%
DFLI	43 Neutral	$95.80M	―	―	―	18.24%	24.49%
FLUX	42 Neutral	$32.65M	―	―	―	2.14%	5.01%
GWH	42 Neutral	$50.42M	―	-265.36%	―	-3.53%	24.37%

Dragonfly Energy Holdings Corp Corporate Events

Dragonfly Energy Strengthens Financial Position with Offerings

Dragonfly Energy reported its third-quarter 2025 results, showing a 26% increase in net sales to $16 million and a significant improvement in gross margin by 710 basis points. The company also completed three public offerings raising $90 million, which, along with debt restructuring, has strengthened its financial position, allowing for strategic growth in battery technology and expansion into adjacent markets.

Dragonfly Energy Issues Unregistered Series B Preferred Stock

Dragonfly Energy Holdings Corp announced the issuance of Series B Preferred Stock, which has not been registered under the Securities Act of 1933 but is offered under an exemption. This move could impact the company’s financial structure and stakeholder interests by potentially altering the equity distribution and investment appeal.

Dragonfly Energy Regains Nasdaq Compliance

On October 20, 2025, Dragonfly Energy Holdings Corp. announced that it had regained compliance with Nasdaq’s listing requirements. The company achieved a closing bid price of at least $1.00 per share and a market value of listed securities of $35 million or more for 10 consecutive business days. This compliance ensures the company’s continued listing on the Nasdaq Capital Market. However, Dragonfly Energy will be under a Mandatory Panel Monitor until October 20, 2026, and could face a Delist Determination if it fails to maintain compliance within this period.

Dragonfly Energy Announces Preferred Stock Issuance

Dragonfly Energy Holdings Corp announced the issuance of Preferred Stock, which, along with any related Common Stock, has not been registered under the Securities Act of 1933. The offering is being made under an exemption provided in Section 4(a)(2) of the Securities Act, indicating a strategic financial maneuver to potentially enhance capital without public registration.

Dragonfly Energy Announces Public Offering and Debt Restructuring

On October 16, 2025, Dragonfly Energy Holdings Corp announced an underwritten public offering of 36 million shares of common stock and pre-funded warrants, expected to raise approximately $51.7 million. The proceeds will be used for working capital, debt repayment, and investments in battery technology. Additionally, the company reached a non-binding agreement with its lenders to restructure its debt, involving a $45 million prepayment and conversion of $25 million into preferred stock, with the remaining debt restructured under new terms. This restructuring aims to improve financial stability and support future growth initiatives.

Dragonfly Energy Approves Key Proposals at Annual Meeting

On October 15, 2025, Dragonfly Energy Holdings Corp held its Annual Meeting of Stockholders, where several key proposals were voted on. The stockholders approved an amendment to increase shares under the 2022 Equity Incentive Plan by 9,000,000 and elected two Class C directors. A reverse stock split proposal was also approved, while proposals to increase authorized shares and adjust voting standards were not passed. The appointment of CBIZ CPAs P.C. as the independent auditor for 2025 was ratified.

Dragonfly Energy Announces Major Stock Offering

On October 6, 2025, Dragonfly Energy Holdings Corp. announced an underwritten offering of 20,000,000 shares of common stock at $1.25 per share, with an option for underwriters to purchase an additional 3,000,000 shares. The offering, expected to close on October 7, 2025, aims to raise approximately $26.7 million after expenses, which will be used for working capital, debt repayment, and investment in next-generation battery technologies. This move is anticipated to bolster the company’s financial position and support its strategic initiatives in the energy storage and battery technology sectors.