Dragonfly Energy Holdings Corp (DFLI) AI Stock Analysis

• Market Cap: $6.29M
• Dividend Yield: N/A
• Average Volume (3M): 15.04M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: -11.38%
• EPS Growth: -9.63%
• Country: US
• Employees: 139
• Sector: Industrials
• Sector Strength: 86
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.93
• Shares Outstanding: 36,488,400
• 10 Day Avg. Volume: 39,364,753
• 30 Day Avg. Volume: 15,035,798
• PEG Ratio: 0.42
• Price to Book (P/B): 364.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -117.08
• Enterprise Value/Market Cap: 657.19
• Enterprise Value/Revenue: 20.37
• Enterprise Value/Gross Profit: 330.84
• Enterprise Value/Ebitda: -85.16
• 1Y Price Target: $2.25
• Price Target Upside: 1223.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 37 Underperform
• Price Target: $0.00 ▼(-100.00%Downside)

The overall stock score reflects significant financial challenges and bearish technical indicators. Major concerns include a negative financial outlook with declining revenues and persistent losses, compounded by a potential Nasdaq delisting. Although there were some operational improvements reported in the earnings call, these are outweighed by the severe risks and uncertainties facing the company.

Positive Factors

Financial Stability

The company restructured its debt and increased capital, which will likely give it runway into 2026, assuming operating plans are executed upon.

Growth and Expansion

Dragonfly's top-line growth was driven by significant strides in expanding the customer base beyond the RV sector, leveraging strategic partnerships in trucking and industrial markets.

Negative Factors

Market Conditions

Dragonfly’s fundamentals have again been negatively impacted by a slowly recovering RV market.

Revenue Performance

Revenue was below estimates.

Dragonfly Energy Holdings Corp Business Overview & Revenue Model

Company Description

Dragonfly Energy Holdings Corp (DFLI) is a leading manufacturer of deep cycle lithium-ion batteries. The company operates primarily in the renewable energy sector, focusing on developing and producing energy storage solutions for various applications, including recreational vehicles, marine vessels, and off-grid installations. Dragonfly Energy's core products are designed to offer superior performance and longevity compared to traditional lead-acid batteries.

How the Company Makes Money

Dragonfly 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 Financial Statement Overview

Summary

Dragonfly Energy Holdings Corp is experiencing significant financial challenges, with declining revenues and persistent losses indicating operational inefficiencies. The highly leveraged balance sheet and negative equity raise solvency concerns. Cash flows are under pressure, and the company is struggling to generate cash from operations.

Income Statement

Dragonfly Energy Holdings Corp has shown a declining revenue trend with a significant drop from $86.25M in 2022 to $64.39M in 2023, and further down to $50.65M in TTM. The gross profit margin also decreased, indicating increased cost pressures. The company has been operating at a net loss, with negative EBIT and EBITDA margins, reflecting ongoing operational challenges.

Balance Sheet

The balance sheet reveals a concerning financial structure with a negative stockholders' equity of $9.40M in TTM, indicating liabilities exceed assets. The debt-to-equity ratio is not calculable due to negative equity, but high leverage is evident with $55.27M in total debt. This suggests financial instability and potential risks for creditors and investors.

Cash Flow

Cash flow analysis highlights severe issues. Operating cash flow is zero in TTM, and free cash flow is consistently negative, pointing to difficulties in generating cash from operations. The company has relied heavily on financing activities to cover cash shortfalls, indicating potential sustainability concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	51.50M	50.65M	64.39M	86.25M	78.00M	47.19M
Gross Profit	12.50M	11.63M	15.45M	24.00M	29.63M	20.61M
EBITDA	-16.57M	-15.51M	3.41M	-32.83M	7.08M	8.94M
Net Income	-37.05M	-40.62M	-13.82M	-19.11M	4.34M	6.88M
Balance Sheet
Total Assets	74.22M	75.21M	75.20M	89.11M	76.25M	18.81M
Cash, Cash Equivalents and Short-Term Investments	2.80M	4.85M	12.71M	17.78M	25.59M	6.21M
Total Debt	58.53M	55.27M	23.31M	24.02M	44.70M	983.00K
Total Liabilities	62.59M	84.62M	47.29M	78.36M	60.19M	10.25M
Stockholders Equity	11.63M	-9.40M	27.91M	10.74M	16.06M	8.55M
Cash Flow
Free Cash Flow	-5.71M	-9.92M	-24.59M	-52.56M	-16.54M	5.23M
Operating Cash Flow	-3.79M	-7.18M	-17.71M	-45.70M	-13.57M	6.64M
Investing Cash Flow	-1.91M	-2.73M	-6.88M	-6.83M	-2.91M	-1.41M
Financing Cash Flow	2.05M	2.05M	19.52M	41.67M	38.91M	12.00K

Dragonfly Energy Holdings Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

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 0.17 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.38, and below the 200-day MA of 2.37, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 30.57 is Neutral, neither overbought nor oversold. The STOCH value of 9.67 is Positive, 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 *	68 Neutral	£2.95B	10.28	8.40%	3.21%	2.87%	-9.95%
XPON	54 Neutral	$3.07M	―	-362.03%	―	23.07%	50.04%
FLUX	54 Neutral	$32.80M	―	-1582.76%	―	-1.45%	-15.76%
POLA	47 Neutral	$4.70M	―	-41.53%	―	8.08%	59.60%
GWH	42 Neutral	$21.06M	―	-172.05%	―	-58.05%	-6.90%
DFLI	37 Underperform	$6.29M	―	-3420.59%	―	-11.38%	-9.63%
SDST	26 Underperform	$12.57M	―	-860.70%	―	―	-12310.81%

Dragonfly Energy Holdings Corp Corporate Events

Dragonfly Energy Announces Share Count Update

On June 27, 2025, Dragonfly Energy Holdings Corp. announced that it had 36,488,398 shares of common stock issued and outstanding as of June 26, 2025. This disclosure reflects the company’s compliance with the Securities Exchange Act of 1934, as the report was signed by Denis Phares, the Chief Executive Officer, Interim Chief Financial Officer, and President.

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.

Dragonfly Energy Cancels Series A Warrants

On June 23, 2025, Dragonfly Energy Holdings Corp. and the holder of its Series A Convertible Preferred Stock agreed to cancel the holder’s warrants to purchase up to 4,000 shares of Series A Preferred Stock at an exercise price of $10,000 per share. This cancellation means the warrants are no longer outstanding, potentially impacting the company’s financial structure and investor relations.

The most recent analyst rating on (DFLI) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Dragonfly Energy Holdings Corp stock, see the DFLI Stock Forecast page.

Dragonfly Energy Faces Nasdaq Delisting Threat

On June 11, 2025, Dragonfly Energy Holdings Corp. received a staff determination letter from Nasdaq indicating non-compliance with the minimum Market Value of Listed Securities requirement, which could lead to delisting. The company has requested a hearing with the Nasdaq Hearings Panel to address this issue, as it also does not meet alternative listing standards related to stockholders’ equity or net income.

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.

Rick Parod Resigns from Dragonfly Energy Board

On May 30, 2025, Rick Parod resigned from the Board of Directors of Dragonfly Energy Holdings Corp., effective May 31, 2025. His resignation was not due to any disagreement with the company or its management, and the Board has yet to decide on filling the vacancy.

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.

Dragonfly Energy Reports Q1 2025 Financial Results

Dragonfly Energy Holdings Corp. reported its financial results for the first quarter of 2025, showing a 6.8% increase in net sales to $13.4 million, driven by an 11% rise in OEM net sales. The company has implemented a corporate optimization program to enhance operational efficiencies and launched new products for the trucking industry. Despite a net loss of $6.8 million, the company improved its gross margin and reduced its adjusted EBITDA loss. Looking forward, Dragonfly Energy anticipates second-quarter net sales of approximately $14.8 million, focusing on product innovation and cost management to strengthen its market position.

The most recent analyst rating on (DFLI) stock is a Buy with a $10.80 price target. To see the full list of analyst forecasts on Dragonfly Energy Holdings Corp stock, see the DFLI Stock Forecast page.

Dragonfly Energy Reduces Board Size Amid Cost-Cutting

Dragonfly Energy Holdings Corp. announced a reduction in its Board of Directors as part of cost-cutting measures. On May 6 and 7, 2025, Dr. Karina Montilla Edmonds and Mr. Jonathan Bellows resigned from the Board, reducing its size to five directors. Their resignations were not due to any disagreements with the company.