Dragonfly Energy Holdings Corp.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $58.6M | $50.6M | $64.4M | $86.3M | $78.0M |
| Cost of revenue | $43.0M | $39.0M | $48.9M | $62.6M | $48.4M |
| Gross profit | $15.6M | $11.6M | $15.4M | $23.6M | $29.6M |
| Research and development | $3.0M | $5.5M | $3.9M | $2.8M | $2.7M |
| Operating expenses | $38.8M | $37.4M | $42.9M | $58.0M | $23.2M |
| Operating income | -$23.2M | -$25.8M | -$27.4M | -$34.4M | $6.5M |
| Interest expense | $20.3M | $21.5M | $16.0M | $7.0M | $519,000 |
| Pretax income | -$70.0M | -$40.6M | -$13.8M | -$40.7M | $5.9M |
| Income tax expense | -$94,000 | — | -$26,000 | -$709,000 | $1.6M |
| Net income | -$69.9M | -$40.6M | -$13.8M | -$40.0M | $4.3M |
| Balance Sheet | |||||
| Cash and equivalents | $18.3M | $4.8M | $12.7M | $17.8M | $25.6M |
| Current assets | $50.2M | $32.9M | $55.9M | $73.8M | $66.1M |
| Total assets | $86.5M | $75.2M | $75.2M | $89.1M | $76.3M |
| Current liabilities | $19.8M | $21.9M | $40.4M | $41.5M | $18.0M |
| Total liabilities | $52.8M | $84.6M | $47.3M | $78.4M | $60.2M |
| Total debt | $9.6M | $29.6M | $19.7M | $19.2M | — |
| Stockholders' equity | $11.5M | -$9.4M | $27.9M | $10.7M | $15.9M |
| Cash Flow Statement | |||||
| Cash from operations | -$26.0M | -$7.2M | -$17.7M | -$45.7M | -$13.6M |
| Depreciation and amortization | $2.2M | $1.4M | $1.2M | $891,000 | $617,000 |
| Stock-based compensation | $714,000 | $1.0M | $6.7M | $2.5M | $734,000 |
| Capital expenditure | $1.9M | $2.7M | $6.9M | $6.9M | $3.0M |
| Free cash flow | -$27.9M | -$9.9M | -$24.6M | -$52.6M | -$16.5M |
Shares outstanding 12.8M
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.