What is Dragonfly Energy's operating income?

Dragonfly Energy's total operating income in 2025 was -$23.17 million, based on the following breakdown: Total Gross Profit: $15.65 million Total Operating Expenses: $38.82 million

Dragonfly Energy (DFLI) Financials

$1.78 +0.04 (+2.30%)

Closing price 07/9/2026 04:00 PM Eastern

Extended Trading

$1.76 -0.02 (-0.84%)

As of 07:47 AM Eastern

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Annual Income Statements for Dragonfly Energy

This table shows Dragonfly Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	4.34	-40	-14	-41	-71
Consolidated Net Income / (Loss)	4.34	-40	-14	-41	-70
Net Income / (Loss) Continuing Operations	4.34	-40	-14	-41	-70
Total Pre-Tax Income	5.95	-41	-14	-41	-70
Total Operating Income	6.47	-34	-27	-26	-23
Total Gross Profit	30	24	15	12	16
Total Revenue	78	86	64	51	59
Operating Revenue	78	86	64	51	59
Total Cost of Revenue	48	63	49	39	43
Operating Cost of Revenue	48	63	49	39	43
Total Operating Expenses	23	58	43	37	39
Selling, General & Admin Expense	11	42	26	22	23
Marketing Expense	9.85	14	13	10	10
Research & Development Expense	2.69	2.76	3.86	5.45	2.98
Impairment Charge	-	-	-	-	2.67
Total Other Income / (Expense), net	-0.52	-6.32	14	-15	-47
Interest Expense	0.52	12	16	22	52
Other Income / (Expense), net	0.00	5.49	30	6.65	5.25
Income Tax Expense	1.61	-0.71	-0.03	0.00	-0.09
Preferred Stock Dividends Declared	-	-	-	0.00	0.87
Basic Earnings per Share	$0.12	($1.04)	($2.36)	($59.15)	($14.80)
Weighted Average Basic Shares Outstanding	35.58M	38.57M	5.87M	686.68K	4.78M
Diluted Earnings per Share	$0.11	($1.04)	($2.36)	($59.15)	($14.80)
Weighted Average Diluted Shares Outstanding	37.74M	38.57M	5.87M	686.68K	4.78M
Weighted Average Basic & Diluted Shares Outstanding	15.81M	45.79M	-	7.59M	12.15M

This table shows Dragonfly Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-10	3.31	-10	-14	-6.78	-9.84	-6.80	-7.03	-11	-46	-7.72
Consolidated Net Income / (Loss)	-10	3.31	-10	-14	-6.78	-9.84	-6.80	-7.03	-11	-45	-6.63
Net Income / (Loss) Continuing Operations	-10	3.31	-10	-14	-6.78	-9.84	-6.80	-7.03	-11	-45	-6.63
Total Pre-Tax Income	-10	3.29	-10	-14	-6.78	-9.84	-6.80	-7.03	-11	-45	-6.63
Total Operating Income	-5.88	-3.10	-5.84	-6.75	-6.03	-7.15	-5.91	-3.28	-3.78	-10	-5.73
Total Gross Profit	4.60	2.26	3.05	3.17	2.87	2.54	3.93	4.61	4.74	2.38	1.71
Total Revenue	16	10	13	13	13	12	13	16	16	13	9.70
Operating Revenue	16	10	13	13	13	12	13	16	16	13	9.70
Total Cost of Revenue	11	8.18	9.45	10	9.85	9.67	9.43	12	11	11	7.99
Operating Cost of Revenue	11	8.18	9.45	10	9.85	9.67	9.43	12	11	11	7.99
Total Operating Expenses	10	5.35	8.89	9.92	8.90	9.68	9.84	7.89	8.51	13	7.44
Selling, General & Admin Expense	6.01	3.28	4.81	5.70	4.36	7.03	6.36	4.62	5.30	6.72	4.48
Marketing Expense	3.08	1.55	2.74	2.68	2.90	1.70	2.49	2.58	2.63	2.49	1.98
Research & Development Expense	1.39	0.53	1.33	1.53	1.63	0.96	1.00	0.69	0.59	0.70	0.98
Total Other Income / (Expense), net	-4.13	6.39	-4.53	-6.88	-0.75	-2.70	-0.88	-3.75	-7.29	-35	-0.90
Interest Expense	3.99	4.03	4.76	4.88	5.62	6.25	4.70	5.44	6.41	36	1.47
Other Income / (Expense), net	-0.15	10	0.23	-2.00	4.86	3.55	3.82	1.69	-0.88	0.62	0.57
Income Tax Expense	0.00	-0.03	0.00	0.00	0.00	-	0.00	0.00	0.00	-0.09	0.00
Preferred Stock Dividends Declared	-	-	-	-	-	-	0.00	-	-	-	1.10
Basic Earnings per Share	($0.17)	$0.57	($1.55)	($2.02)	($0.98)	($1.43)	($9.28)	($0.58)	($0.20)	($9.60)	($0.64)
Weighted Average Basic Shares Outstanding	58.74M	5.87M	6.70M	6.74M	6.93M	6.87M	732.76K	12.19M	56.16M	4.78M	12.08M
Diluted Earnings per Share	($0.17)	$0.57	($1.55)	($2.02)	($0.98)	($1.43)	($9.28)	($0.58)	($0.20)	($9.60)	($0.64)
Weighted Average Diluted Shares Outstanding	58.74M	5.87M	6.70M	6.74M	6.93M	6.87M	732.76K	12.19M	56.16M	4.78M	12.08M
Weighted Average Basic & Diluted Shares Outstanding	-	0.00	60.51M	62.59M	63.13M	7.59M	9.36M	61.72M	120.79M	12.15M	12.82M

This table details how cash moves in and out of Dragonfly Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	22	-11	-5.07	-7.86	13
Net Cash From Operating Activities	-14	-46	-18	-7.19	-26
Net Cash From Continuing Operating Activities	-14	-46	-18	-7.19	-26
Net Income / (Loss) Continuing Operations	4.34	-40	-14	-41	-70
Consolidated Net Income / (Loss)	4.34	-40	-14	-41	-70
Depreciation Expense	0.62	0.89	1.24	1.37	2.24
Amortization Expense	0.21	1.82	2.65	9.47	10
Non-Cash Adjustments To Reconcile Net Income	-6.79	10	-17	6.76	38
Changes in Operating Assets and Liabilities, net	-12	-19	9.35	16	-5.86
Net Cash From Investing Activities	-2.91	-6.83	-6.89	-2.68	-1.95
Net Cash From Continuing Investing Activities	-2.91	-6.83	-6.89	-2.68	-1.95
Purchase of Property, Plant & Equipment	-2.97	-6.86	-6.89	-2.68	-1.95
Sale of Property, Plant & Equipment	0.06	0.04	0.00	0.01	0.00
Net Cash From Financing Activities	39	42	20	2.00	41
Net Cash From Continuing Financing Activities	39	42	20	2.00	41
Repayment of Debt	-11	-49	-6.28	-2.70	-50
Issuance of Debt	50	75	1.00	4.74	0.00
Issuance of Preferred Equity	-	-	-	0.00	7.33
Issuance of Common Equity	0.00	15	22	0.00	84
Other Financing Activities, net	0.18	0.71	3.15	-0.04	0.02
Cash Interest Paid	0.00	2.25	9.10	6.29	0.01
Cash Income Taxes Paid	0.00	0.77	0.24	0.00	0.01

This table details how cash moves in and out of Dragonfly Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-20	-0.52	-4.21	-3.80	3.32	-3.17	-2.05	-0.07	1.11	14	-9.63
Net Cash From Operating Activities	-11	-0.98	-3.40	-4.02	2.73	-2.47	-4.50	-3.35	-3.38	-15	-8.78
Net Cash From Continuing Operating Activities	-11	-0.98	-3.40	-4.02	2.73	-2.47	-4.50	-3.35	-3.38	-15	-8.78
Net Income / (Loss) Continuing Operations	-10	3.31	-10	-14	-6.78	-9.84	-6.80	-7.03	-11	-45	-6.63
Consolidated Net Income / (Loss)	-10	3.31	-10	-14	-6.78	-9.84	-6.80	-7.03	-11	-45	-6.63
Depreciation Expense	0.32	0.33	0.33	0.33	0.33	0.38	0.86	0.49	0.46	0.43	0.79
Amortization Expense	0.67	0.76	1.32	2.13	2.63	3.40	1.75	2.36	3.08	2.88	1.21
Non-Cash Adjustments To Reconcile Net Income	2.99	-8.23	1.10	5.14	-2.85	4.02	-1.44	1.66	7.28	30	-1.49
Changes in Operating Assets and Liabilities, net	-5.06	2.86	4.23	2.01	9.40	-0.43	1.13	-0.82	-3.13	-2.89	-2.68
Net Cash From Investing Activities	-3.94	-0.38	-0.82	-0.51	-0.37	-1.04	-0.78	-0.84	-0.19	-0.14	-0.28
Net Cash From Continuing Investing Activities	-3.94	-0.38	-0.82	-0.51	-0.37	-1.04	-0.78	-0.84	-0.19	-0.14	-0.28
Purchase of Property, Plant & Equipment	-3.94	-0.38	-0.82	-0.51	-0.37	-1.05	-0.78	-0.84	-0.19	-0.14	-0.28
Net Cash From Financing Activities	-4.69	0.84	0.00	0.72	0.96	0.34	3.23	4.13	4.67	29	-0.57
Net Cash From Continuing Financing Activities	-4.69	0.84	0.00	0.72	0.96	0.34	3.23	4.13	4.67	29	-0.57
Repayment of Debt	-5.28	-	-2.70	-	-	-	0.00	-	-	-50	-0.24
Payment of Dividends	-	-	-	-	-	-	0.00	-	-	-	-0.32
Issuance of Debt	-	-	2.70	-	1.71	-	0.06	-	-	-	0.00
Issuance of Preferred Equity	-	-	0.00	-	-	-	3.18	4.15	-	-	0.00
Other Financing Activities, net	1.25	0.83	0.00	0.77	-0.80	0.34	-0.01	-0.02	-0.01	-0.01	-0.01
Cash Interest Paid	2.38	2.36	2.39	2.39	0.00	1.51	0.00	0.00	0.00	0.00	0.97
Cash Income Taxes Paid	-	0.00	0.00	-	-	-	0.00	0.00	-	0.00	0.00

This table presents Dragonfly Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	0.03	76	89	75	75	87
Total Current Assets	0.03	66	74	56	33	50
Cash & Equivalents	0.03	26	18	13	4.85	18
Accounts Receivable	-	0.78	1.44	1.64	2.42	4.22
Inventories, net	-	35	52	40	23	25
Prepaid Expenses	0.00	0.29	1.62	0.77	0.81	1.09
Current Deferred & Refundable Income Taxes	-	0.00	0.53	0.52	0.31	0.35
Other Current Assets	-	1.79	0.27	0.12	1.47	1.08
Plant, Property, & Equipment, net	0.00	4.46	11	16	22	21
Plant, Property & Equipment, gross	-	5.32	12	19	26	26
Accumulated Depreciation	-	0.86	1.63	2.82	4.16	5.08
Total Noncurrent Assets	0.00	5.71	4.51	3.32	20	16
Other Noncurrent Operating Assets	0.00	5.71	4.51	3.32	20	16
Total Liabilities & Shareholders' Equity	0.03	76	89	75	75	87
Total Liabilities	0.00	60	78	47	85	53
Total Current Liabilities	0.00	18	41	40	22	20
Short-Term Debt	-	1.88	19	20	0.00	0.43
Accounts Payable	0.00	11	13	10	11	10
Accrued Expenses	0.00	-	0.93	1.71	1.92	0.94
Customer Deposits	-	0.43	0.24	0.20	0.32	0.12
Dividends Payable	-	-	-	-	0.00	0.32
Current Deferred Revenue	-	-	-	0.00	1.00	1.00
Current Employee Benefit Liabilities	-	2.61	6.25	7.11	4.13	4.05
Other Current Liabilities	0.00	1.08	1.20	1.32	3.72	2.57
Total Noncurrent Liabilities	0.00	42	37	6.92	63	33
Long-Term Debt	-	37	-	0.00	30	9.21
Capital Lease Obligations	-	-	0.04	0.07	0.06	0.03
Noncurrent Deferred Revenue	-	-	-	0.00	3.58	2.58
Other Noncurrent Operating Liabilities	0.00	4.69	37	6.85	29	21
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	-	-	-	0.00	22
Total Equity & Noncontrolling Interests	0.02	16	11	28	-9.40	12
Total Preferred & Common Equity	0.02	16	11	28	-9.40	12
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	0.02	16	11	28	-9.40	12
Common Stock	0.03	3.62	38	69	73	164
Retained Earnings	-0.00	12	-28	-42	-82	-152

This table presents Dragonfly Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	88	85	84	74	72	74	76
Total Current Assets	48	40	39	33	31	35	40
Cash & Equivalents	8.50	4.70	8.02	2.80	2.73	3.84	8.64
Accounts Receivable	2.25	2.87	3.73	4.23	3.57	4.79	2.98
Inventories, net	35	31	26	24	23	24	25
Prepaid Expenses	0.84	0.78	0.73	0.93	0.85	0.85	1.12
Current Deferred & Refundable Income Taxes	0.35	0.35	0.35	0.31	0.31	0.31	0.36
Other Current Assets	0.71	0.75	0.75	1.42	0.76	0.76	1.76
Plant, Property, & Equipment, net	17	23	24	21	21	21	20
Plant, Property & Equipment, gross	20	27	28	26	27	26	26
Accumulated Depreciation	3.16	3.49	3.82	5.02	5.51	4.70	5.88
Total Noncurrent Assets	24	21	21	20	20	18	15
Other Noncurrent Operating Assets	24	21	21	20	20	18	15
Total Liabilities & Shareholders' Equity	88	85	84	74	72	74	76
Total Liabilities	71	80	84	87	87	95	49
Total Current Liabilities	44	45	49	24	22	26	17
Short-Term Debt	22	22	24	-	0.39	0.88	0.47
Accounts Payable	9.55	10	10	13	9.86	12	9.14
Accrued Expenses	1.80	1.86	1.88	2.70	3.65	3.72	0.34
Customer Deposits	0.23	0.25	0.19	0.14	0.17	0.25	0.12
Dividends Payable	-	-	-	-	-	-	0.50
Current Deferred Revenue	-	-	1.00	1.00	1.00	1.00	1.00
Current Employee Benefit Liabilities	8.30	7.36	8.67	4.44	4.28	5.00	2.52
Other Current Liabilities	1.72	2.84	2.91	3.03	3.00	2.91	2.48
Total Noncurrent Liabilities	27	35	35	63	65	70	32
Long-Term Debt	-	-	-	34	39	45	9.86
Capital Lease Obligations	0.06	0.05	0.04	0.05	0.04	0.03	0.02
Noncurrent Deferred Revenue	-	-	3.83	3.33	3.08	2.83	2.33
Other Noncurrent Operating Liabilities	27	35	31	26	23	22	20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	2.91	1.25	0.00	23
Total Equity & Noncontrolling Interests	18	5.27	-0.30	-16	-17	-22	3.91
Total Preferred & Common Equity	18	5.27	-0.30	-16	-17	-22	3.91
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	18	5.27	-0.30	-16	-17	-22	3.91
Common Stock	70	71	72	73	79	85	163
Retained Earnings	-52	-66	-72	-89	-96	-107	-159

This table displays calculated financial ratios and metrics derived from Dragonfly Energy's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	15,812,500.00	43,272,728.00	58,780,316.00	-	120,787,052.00
DEI Adjusted Shares Outstanding	175,694.00	480,808.00	653,115.00	-	12,078,705.00
DEI Earnings Per Adjusted Shares Outstanding	24.69	-83.17	-21.16	-	-5.86
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	10.58%	-25.34%	-21.35%	15.77%
EBITDA Growth	0.00%	-459.18%	123.14%	-236.46%	31.95%
EBIT Growth	0.00%	-546.84%	107.52%	-979.88%	6.21%
NOPAT Growth	0.00%	-610.38%	20.23%	6.09%	10.04%
Net Income Growth	0.00%	-1,021.88%	65.45%	-193.95%	-72.20%
EPS Growth	0.00%	-1,045.45%	65.45%	-150.42%	74.98%
Operating Cash Flow Growth	0.00%	-236.67%	61.25%	59.44%	-261.17%
Free Cash Flow Firm Growth	0.00%	0.00%	-321.28%	103.49%	-1,898.53%
Invested Capital Growth	0.00%	-53.57%	185.55%	-55.77%	65.02%
Revenue Q/Q Growth	0.00%	-26.86%	-35.79%	3.63%	1.47%
EBITDA Q/Q Growth	0.00%	-5,523.86%	120.33%	-573.76%	-772.97%
EBIT Q/Q Growth	0.00%	-6,106.56%	107.29%	-133.12%	-50.13%
NOPAT Q/Q Growth	0.00%	-1,098.09%	50.65%	-18.64%	-15.19%
Net Income Q/Q Growth	0.00%	-890.29%	73.14%	-47.91%	-101.30%
EPS Q/Q Growth	0.00%	-126.09%	73.14%	-1,243.18%	-2,287.10%
Operating Cash Flow Q/Q Growth	0.00%	-233.63%	71.37%	-26.20%	-88.97%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-321.67%	104.66%	-45.91%
Invested Capital Q/Q Growth	0.00%	-57.74%	0.00%	-4.11%	27.27%
Profitability Metrics	-	-	-	-	-
Gross Margin	37.98%	27.38%	23.99%	22.96%	26.69%
EBITDA Margin	9.35%	-30.36%	9.41%	-16.32%	-9.60%
Operating Margin	8.29%	-39.86%	-42.60%	-50.86%	-39.52%
EBIT Margin	8.29%	-33.50%	3.37%	-37.74%	-30.57%
Profit (Net Income) Margin	5.56%	-46.37%	-21.46%	-80.20%	-119.29%
Tax Burden Percent	72.92%	98.26%	99.81%	100.00%	99.87%
Interest Burden Percent	91.99%	140.85%	-637.34%	212.52%	390.70%
Effective Tax Rate	27.08%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	17.89%	-124.71%	-81.38%	-71.55%	-79.20%
ROIC Less NNEP Spread (ROIC-NNEP)	14.22%	-394.73%	44.81%	-213.16%	-727.19%
Return on Net Nonoperating Assets (RNNOA)	9.12%	-173.68%	9.89%	-367.34%	-494.49%
Return on Equity (ROE)	27.01%	-298.40%	-71.49%	-438.89%	-573.69%
Cash Return on Invested Capital (CROIC)	0.00%	-51.55%	-177.63%	5.80%	-128.27%
Operating Return on Assets (OROA)	16.96%	-34.95%	2.64%	-25.41%	-22.16%
Return on Assets (ROA)	11.37%	-48.37%	-16.82%	-54.00%	-86.47%
Return on Common Equity (ROCE)	27.01%	-298.40%	-71.49%	-438.89%	-50.02%
Return on Equity Simple (ROE_SIMPLE)	27.01%	-372.25%	-49.50%	431.89%	0.00%
Net Operating Profit after Tax (NOPAT)	4.72	-24	-19	-18	-16
NOPAT Margin	6.05%	-27.90%	-29.82%	-35.60%	-27.67%
Net Nonoperating Expense Percent (NNEP)	3.67%	270.02%	-126.19%	141.61%	647.98%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-40.29%	-88.80%	-76.50%
Cost of Revenue to Revenue	62.02%	72.62%	76.01%	77.04%	73.31%
SG&A Expenses to Revenue	13.62%	48.19%	40.98%	43.26%	39.22%
R&D to Revenue	3.45%	3.20%	6.00%	10.76%	5.08%
Operating Expenses to Revenue	29.69%	67.25%	66.58%	73.82%	66.21%
Earnings before Interest and Taxes (EBIT)	6.47	-29	2.17	-19	-18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7.29	-26	6.06	-8.27	-5.63
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	9.82	47.93	1.14	0.00	3.22
Price to Tangible Book Value (P/TBV)	9.82	47.93	1.14	0.00	3.22
Price to Revenue (P/Rev)	2.02	5.97	0.49	0.39	0.63
Price to Earnings (P/E)	36.34	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.75%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.37	42.20	1.11	2.87	1.99
Enterprise Value to Revenue (EV/Rev)	2.15	5.99	0.60	0.88	0.87
Enterprise Value to EBITDA (EV/EBITDA)	23.04	0.00	6.42	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	25.97	0.00	17.90	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	35.61	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	30.37	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	2.42	1.79	0.71	-3.16	0.29
Long-Term Debt to Equity	2.31	0.00	0.00	-3.16	0.27
Financial Leverage	0.64	0.44	0.22	1.72	0.68
Leverage Ratio	4.74	6.17	4.25	8.13	6.63
Compound Leverage Factor	4.36	8.69	-27.09	17.27	25.92
Debt to Total Capital	70.79%	64.21%	41.44%	146.31%	22.26%
Short-Term Debt to Total Capital	3.41%	64.10%	41.30%	0.00%	1.00%
Long-Term Debt to Total Capital	67.38%	0.12%	0.14%	146.31%	21.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	51.21%
Common Equity to Total Capital	29.21%	35.79%	58.56%	-46.31%	26.53%
Debt to EBITDA	5.34	-0.74	3.26	-3.59	-1.72
Net Debt to EBITDA	1.41	-0.06	1.16	-3.01	1.53
Long-Term Debt to EBITDA	5.08	0.00	0.01	-3.59	-1.64
Debt to NOPAT	8.25	-0.80	-1.03	-1.65	-0.60
Net Debt to NOPAT	2.18	-0.06	-0.37	-1.38	0.53
Long-Term Debt to NOPAT	7.86	0.00	0.00	-1.65	-0.57
Altman Z-Score	3.86	3.84	0.83	-1.38	-1.62
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	91.28%
Liquidity Ratios	-	-	-	-	-
Current Ratio	3.67	1.78	1.38	1.51	2.54
Quick Ratio	1.47	0.46	0.36	0.33	1.14
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-9.95	-42	1.46	-26
Operating Cash Flow to CapEx	-466.59%	-669.34%	-257.17%	-263.17%	-1,332.38%
Free Cash Flow to Firm to Interest Expense	0.00	-0.84	-2.62	0.07	-0.50
Operating Cash Flow to Interest Expense	-26.15	-3.87	-1.11	-0.33	-0.50
Operating Cash Flow Less CapEx to Interest Expense	-31.76	-4.45	-1.54	-0.46	-0.54
Efficiency Ratios	-	-	-	-	-
Asset Turnover	2.05	1.04	0.78	0.67	0.72
Accounts Receivable Turnover	0.00	77.46	41.77	24.98	17.68
Inventory Turnover	0.00	1.44	1.06	1.23	1.78
Fixed Asset Turnover	0.00	11.33	4.82	2.66	2.74
Accounts Payable Turnover	0.00	5.04	4.12	3.72	4.09
Days Sales Outstanding (DSO)	0.00	4.71	8.74	14.61	20.64
Days Inventory Outstanding (DIO)	0.00	252.86	344.34	295.77	204.86
Days Payable Outstanding (DPO)	0.00	72.36	88.49	98.10	89.32
Cash Conversion Cycle (CCC)	0.00	185.20	264.58	212.29	136.17
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	26	12	35	15	26
Invested Capital Turnover	2.96	4.47	2.73	2.01	2.86
Increase / (Decrease) in Invested Capital	0.00	-14	23	-19	10
Enterprise Value (EV)	168	516	39	44	51
Market Capitalization	158	515	32	19	37
Book Value per Share	$1.02	$0.25	$0.47	($0.15)	$0.10
Tangible Book Value per Share	$1.02	$0.25	$0.47	($0.15)	$0.10
Total Capital	55	30	48	20	43
Total Debt	39	19	20	30	9.67
Total Long-Term Debt	37	0.04	0.07	30	9.24
Net Debt	10	1.50	7.04	25	-8.60
Capital Expenditures (CapEx)	2.91	6.83	6.89	2.73	1.95
Debt-free, Cash-free Net Working Capital (DFCFNWC)	21	34	23	6.22	13
Debt-free Net Working Capital (DFNWC)	50	52	35	11	31
Net Working Capital (NWC)	48	32	16	11	30
Net Nonoperating Expense (NNE)	0.38	16	-5.38	23	54
Net Nonoperating Obligations (NNO)	10	1.50	7.04	25	-8.28
Total Depreciation and Amortization (D&A)	0.82	2.71	3.89	11	12
Debt-free, Cash-free Net Working Capital to Revenue	27.35%	39.22%	34.96%	12.28%	21.47%
Debt-free Net Working Capital to Revenue	64.06%	59.84%	54.71%	21.86%	52.63%
Net Working Capital to Revenue	61.66%	37.53%	24.14%	21.86%	51.89%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	($1.03)	($2.34)	($5.91)	($14.80)
Adjusted Weighted Average Basic Shares Outstanding	7.73M	38.57M	5.87M	6.87M	4.78M
Adjusted Diluted Earnings per Share	$0.24	($1.03)	($2.34)	($5.91)	($14.80)
Adjusted Weighted Average Diluted Shares Outstanding	7.99M	38.57M	5.87M	6.87M	4.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.81M	45.79M	0.00	7.59M	12.15M
Normalized Net Operating Profit after Tax (NOPAT)	4.72	-24	-19	-18	-14
Normalized NOPAT Margin	6.05%	-27.90%	-29.82%	-35.60%	-24.48%
Pre Tax Income Margin	7.63%	-47.19%	-21.50%	-80.20%	-119.45%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	12.46	-2.45	0.14	-0.89	-0.34
NOPAT to Interest Expense	9.09	-2.04	-1.20	-0.84	-0.31
EBIT Less CapEx to Interest Expense	6.86	-3.03	-0.29	-1.02	-0.38
NOPAT Less CapEx to Interest Expense	3.48	-2.62	-1.63	-0.97	-0.35
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Dragonfly Energy's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	58,780,316.00	58,780,316.00	58,780,316.00	60,509,476.00	62,591,171.00	-	7,589,642.00	9,363,145.00	61,724,593.00	120,787,052.00	12,148,783.00
DEI Adjusted Shares Outstanding	653,115.00	653,115.00	653,115.00	672,328.00	695,457.00	-	758,964.00	936,314.00	6,172,459.00	12,078,705.00	12,148,783.00
DEI Earnings Per Adjusted Shares Outstanding	-15.32	5.07	-15.87	-20.27	-9.75	-	-8.96	-7.51	-1.79	-3.80	-0.64
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-77.47%	-33.45%	-31.47%	-19.94%	17.00%	6.81%	23.02%	25.53%	6.94%	-27.34%
EBITDA Growth	-132.97%	134.11%	-141.87%	7.15%	135.61%	-97.78%	113.03%	119.95%	-162.56%	-3,455.62%	-711.63%
EBIT Growth	-178.72%	129.71%	-164.96%	-12.73%	80.66%	-149.04%	62.62%	81.80%	-300.43%	-166.67%	-146.18%
NOPAT Growth	-459.94%	85.73%	58.68%	21.20%	-2.57%	-60.23%	-1.28%	51.39%	37.31%	-42.76%	3.16%
Net Income Growth	-421.30%	109.66%	-317.11%	-14.52%	32.26%	-396.98%	34.44%	48.38%	-63.30%	-357.61%	2.53%
EPS Growth	10.53%	109.66%	-317.11%	-14.52%	32.26%	-350.88%	34.44%	71.29%	79.59%	33.01%	93.10%
Operating Cash Flow Growth	-157.37%	97.83%	11.54%	-122.99%	124.59%	-152.30%	-32.55%	16.48%	-223.99%	-487.74%	-95.20%
Free Cash Flow Firm Growth	-74.53%	-233.27%	-96.33%	-105.61%	-181.83%	156.10%	204.47%	86.31%	67.71%	-218.63%	-266.27%
Invested Capital Growth	0.00%	185.55%	-18.37%	4.08%	0.00%	-55.77%	-41.88%	-6.79%	24.33%	65.02%	59.77%
Revenue Q/Q Growth	-17.56%	-34.31%	19.80%	5.62%	-3.69%	-3.99%	9.37%	21.65%	-1.73%	-18.21%	-25.69%
EBITDA Q/Q Growth	25.68%	267.05%	-147.10%	-58.80%	128.50%	-89.56%	175.94%	143.02%	-189.39%	-459.77%	49.71%
EBIT Q/Q Growth	22.43%	221.63%	-176.58%	-56.04%	86.70%	-208.51%	41.63%	24.05%	-192.78%	-105.45%	46.12%
NOPAT Q/Q Growth	31.41%	24.10%	-30.94%	-15.58%	10.71%	-18.57%	17.23%	44.52%	-15.15%	-169.98%	43.85%
Net Income Q/Q Growth	15.90%	133.12%	-412.82%	-31.45%	50.25%	-45.18%	30.94%	-3.49%	-57.38%	-306.85%	85.29%
EPS Q/Q Growth	32.00%	133.12%	-412.82%	-31.45%	50.25%	-1,200.00%	30.94%	37.63%	65.52%	-4,700.00%	93.33%
Operating Cash Flow Q/Q Growth	-515.66%	91.17%	-246.78%	-18.29%	167.88%	-190.88%	-79.64%	25.65%	-0.78%	-335.59%	40.34%
Free Cash Flow Firm Q/Q Growth	-75.15%	-203.94%	111.35%	-291.20%	-262.69%	171.25%	-38.38%	-108.60%	-755.36%	-161.78%	13.63%
Invested Capital Q/Q Growth	-100.00%	0.00%	-10.72%	-27.84%	-28.41%	-4.11%	17.33%	15.73%	-4.51%	27.27%	13.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.94%	21.62%	24.40%	23.98%	22.56%	20.78%	29.41%	28.34%	29.66%	18.21%	17.62%
EBITDA Margin	-31.67%	80.53%	-31.66%	-47.60%	14.09%	1.53%	3.86%	7.72%	-7.02%	-48.05%	-32.52%
Operating Margin	-36.98%	-29.67%	-46.69%	-51.10%	-47.37%	-58.51%	-44.28%	-20.19%	-23.66%	-78.11%	-59.02%
EBIT Margin	-37.89%	70.15%	-44.84%	-66.24%	-9.15%	-29.41%	-15.69%	-9.80%	-29.19%	-73.33%	-53.17%
Profit (Net Income) Margin	-62.98%	31.75%	-82.90%	-103.17%	-53.29%	-80.59%	-50.89%	-43.29%	-69.33%	-344.88%	-68.27%
Tax Burden Percent	100.00%	100.79%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.79%	100.00%
Interest Burden Percent	166.23%	44.91%	184.89%	155.75%	582.39%	274.07%	324.28%	441.83%	237.50%	471.30%	128.39%
Effective Tax Rate	0.00%	-0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-81.62%	-54.71%	-84.32%	-201.09%	-82.30%	-64.70%	-35.44%	-52.93%	-156.52%	-96.43%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	69.24%	-119.79%	-351.27%	-232.29%	-112.65%	-76.71%	-53.12%	-81.97%	-613.67%	-112.25%
Return on Net Nonoperating Assets (RNNOA)	0.00%	15.28%	-46.12%	-62.51%	12,839.05%	-194.14%	-669.33%	282.07%	217.48%	-417.30%	-264.86%
Return on Equity (ROE)	0.00%	-66.34%	-100.83%	-146.84%	12,637.96%	-276.45%	-734.04%	246.63%	164.54%	-573.82%	-361.29%
Cash Return on Invested Capital (CROIC)	0.00%	-177.63%	-26.92%	-72.37%	-388.57%	5.80%	-20.33%	-64.95%	-99.58%	-128.27%	-114.33%
Operating Return on Assets (OROA)	0.00%	54.98%	-29.12%	-36.50%	-5.33%	-19.80%	-9.94%	-6.82%	-21.39%	-53.16%	-39.00%
Return on Assets (ROA)	0.00%	24.88%	-53.84%	-56.85%	-31.05%	-54.27%	-32.22%	-30.13%	-50.80%	-250.00%	-50.07%
Return on Common Equity (ROCE)	0.00%	-66.34%	-100.83%	-146.84%	12,637.96%	-276.45%	-313.41%	277.05%	164.54%	-50.03%	302.39%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-162.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.11	-3.12	-4.09	-4.72	-4.22	-5.00	-4.14	-2.30	-2.64	-7.14	-4.01
NOPAT Margin	-25.88%	-29.91%	-32.69%	-35.77%	-33.16%	-40.96%	-31.00%	-14.14%	-16.56%	-54.67%	-41.31%
Net Nonoperating Expense Percent (NNEP)	0.00%	-150.86%	65.07%	266.95%	31.20%	30.35%	12.01%	17.68%	29.04%	457.15%	15.81%
Return On Investment Capital (ROIC_SIMPLE)	-	-6.55%	-10.29%	-17.36%	-17.48%	-24.63%	-22.96%	-10.22%	-11.08%	-33.67%	-28.12%
Cost of Revenue to Revenue	71.06%	78.38%	75.60%	76.02%	77.44%	79.22%	70.59%	71.66%	70.34%	81.79%	82.38%
SG&A Expenses to Revenue	37.79%	31.38%	38.49%	43.19%	34.28%	57.57%	47.60%	28.43%	33.19%	51.44%	46.19%
R&D to Revenue	8.72%	5.09%	10.66%	11.59%	12.82%	7.83%	7.49%	4.26%	3.66%	5.39%	10.10%
Operating Expenses to Revenue	65.91%	51.29%	71.09%	75.08%	69.94%	79.29%	73.69%	48.54%	53.32%	96.32%	76.64%
Earnings before Interest and Taxes (EBIT)	-6.02	7.32	-5.61	-8.75	-1.16	-3.59	-2.10	-1.59	-4.66	-9.58	-5.16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-5.03	8.41	-3.96	-6.29	1.79	0.19	0.52	1.25	-1.12	-6.28	-3.16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.14	1.78	9.72	0.00	0.00	0.00	0.00	0.00	3.22	5.41
Price to Tangible Book Value (P/TBV)	0.00	1.14	1.78	9.72	0.00	0.00	0.00	0.00	0.00	3.22	5.41
Price to Revenue (P/Rev)	0.90	0.49	0.55	0.98	0.68	0.39	0.14	0.03	0.64	0.63	0.38
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.11	1.45	3.04	3.08	2.87	2.27	1.86	3.91	1.99	1.58
Enterprise Value to Revenue (EV/Rev)	0.00	0.60	0.78	1.32	1.01	0.88	0.80	0.72	1.36	0.87	0.83
Enterprise Value to EBITDA (EV/EBITDA)	0.00	6.42	0.00	0.00	0.00	0.00	0.00	10.44	93.70	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	17.90	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	30.37	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.71	1.23	4.17	-82.27	-3.16	-2.64	-2.54	-2.11	0.29	0.39
Long-Term Debt to Equity	0.00	0.00	0.00	0.01	-0.12	-3.16	-2.64	-2.52	-2.07	0.27	0.37
Financial Leverage	0.00	0.22	0.39	0.18	-55.27	1.72	8.73	-5.31	-2.65	0.68	2.36
Leverage Ratio	0.00	4.25	3.57	5.04	-282.43	8.13	32.07	-15.53	-7.21	6.63	10.69
Compound Leverage Factor	0.00	1.91	6.60	7.85	-1,644.83	22.27	103.99	-68.61	-17.13	31.27	13.73
Debt to Total Capital	0.00%	41.44%	55.14%	80.65%	101.23%	146.31%	160.84%	164.75%	190.36%	22.26%	27.89%
Short-Term Debt to Total Capital	0.00%	41.30%	55.00%	80.48%	101.08%	0.00%	0.00%	1.66%	3.67%	1.00%	1.26%
Long-Term Debt to Total Capital	0.00%	0.14%	0.14%	0.17%	0.15%	146.31%	160.84%	163.09%	186.69%	21.26%	26.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.88%	5.25%	0.00%	51.21%	61.58%
Common Equity to Total Capital	0.00%	58.56%	44.86%	19.35%	-1.23%	-46.31%	-74.72%	-70.00%	-90.36%	26.53%	10.54%
Debt to EBITDA	0.00	3.26	-2.98	-3.19	-509.06	-3.59	-8.88	10.42	54.37	-1.72	-1.11
Net Debt to EBITDA	0.00	1.16	-1.82	-2.51	-342.00	-3.01	-8.14	9.69	49.78	1.53	-0.18
Long-Term Debt to EBITDA	0.00	0.01	-0.01	-0.01	-0.77	-3.59	-8.88	10.32	53.32	-1.64	-1.06
Debt to NOPAT	0.00	-1.03	-1.34	-1.45	-1.61	-1.65	-1.86	-2.50	-3.23	-0.60	-0.64
Net Debt to NOPAT	0.00	-0.37	-0.82	-1.14	-1.08	-1.38	-1.71	-2.32	-2.96	0.53	-0.11
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-1.65	-1.86	-2.47	-3.17	-0.57	-0.61
Altman Z-Score	0.00	1.06	-0.05	-0.49	-0.58	-0.70	-0.88	-1.03	-1.08	-1.30	-1.80
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	57.30%	-12.34%	0.00%	91.28%	183.70%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.38	1.10	0.90	0.80	1.51	1.37	1.37	1.34	2.54	2.41
Quick Ratio	0.00	0.36	0.25	0.17	0.24	0.33	0.29	0.28	0.34	1.14	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	25	-26	2.93	-5.61	-20	14	8.93	-0.77	-6.57	-17	-15
Operating Cash Flow to CapEx	-281.71%	-258.99%	-415.54%	-792.11%	742.78%	-236.14%	-578.41%	-397.86%	-1,807.49%	-10,441.84%	-3,148.39%
Free Cash Flow to Firm to Interest Expense	6.23	-6.40	0.62	-1.15	-3.62	2.32	1.90	-0.14	-1.02	-0.48	-10.13
Operating Cash Flow to Interest Expense	-2.78	-0.24	-0.71	-0.82	0.49	-0.40	-0.96	-0.62	-0.53	-0.41	-6.00
Operating Cash Flow Less CapEx to Interest Expense	-3.77	-0.34	-0.88	-0.93	0.42	-0.56	-1.12	-0.77	-0.56	-0.42	-6.19
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.78	0.65	0.55	0.58	0.67	0.63	0.70	0.73	0.72	0.73
Accounts Receivable Turnover	0.00	41.77	22.28	20.66	13.11	24.98	15.91	16.95	13.57	17.68	15.26
Inventory Turnover	0.00	1.06	1.00	1.00	1.46	1.23	1.33	1.53	1.69	1.78	1.70
Fixed Asset Turnover	0.00	4.82	4.14	2.65	2.06	2.66	2.71	2.43	2.59	2.74	2.64
Accounts Payable Turnover	0.00	4.12	3.12	2.57	3.71	3.72	3.46	4.02	3.82	4.09	3.75
Days Sales Outstanding (DSO)	0.00	8.74	16.38	17.67	27.84	14.61	22.95	21.53	26.91	20.64	23.92
Days Inventory Outstanding (DIO)	0.00	344.34	365.04	364.23	250.55	295.77	275.23	239.15	216.14	204.86	214.65
Days Payable Outstanding (DPO)	0.00	88.49	116.95	142.04	98.51	98.10	105.60	90.80	95.63	89.32	97.30
Cash Conversion Cycle (CCC)	0.00	264.58	264.47	239.85	179.87	212.29	192.58	169.89	147.42	136.17	141.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	35	31	23	16	15	18	21	20	26	29
Invested Capital Turnover	0.00	2.73	1.67	2.36	6.06	2.01	2.09	2.51	3.20	2.86	2.33
Increase / (Decrease) in Invested Capital	-29	23	-7.02	0.88	16	-19	-13	-1.53	3.92	10	11
Enterprise Value (EV)	0.00	39	45	68	50	44	41	39	78	51	46
Market Capitalization	91	32	32	51	33	19	7.44	1.54	37	37	21
Book Value per Share	$0.00	$0.47	$0.30	$0.09	$0.00	($0.15)	($0.25)	($1.77)	($0.35)	$0.10	$0.32
Tangible Book Value per Share	$0.00	$0.47	$0.30	$0.09	$0.00	($0.15)	($0.25)	($1.77)	($0.35)	$0.10	$0.32
Total Capital	0.00	48	40	27	24	20	21	24	24	43	37
Total Debt	0.00	20	22	22	24	30	34	39	45	9.67	10
Total Long-Term Debt	0.00	0.07	0.06	0.05	0.04	30	34	39	45	9.24	9.88
Net Debt	0.00	7.04	13	17	16	25	31	36	42	-8.60	1.71
Capital Expenditures (CapEx)	3.94	0.38	0.82	0.51	0.37	1.05	0.78	0.84	0.19	0.14	0.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	23	18	13	6.45	6.22	6.28	6.05	5.87	13	15
Debt-free Net Working Capital (DFNWC)	0.00	35	26	17	14	11	9.08	8.78	9.71	31	24
Net Working Capital (NWC)	0.00	16	4.17	-4.58	-9.93	11	9.08	8.39	8.83	30	23
Net Nonoperating Expense (NNE)	5.89	-6.44	6.28	8.90	2.56	4.84	2.66	4.74	8.43	38	2.62
Net Nonoperating Obligations (NNO)	0.00	7.04	13	17	16	25	31	36	42	-8.28	2.21
Total Depreciation and Amortization (D&A)	0.99	1.08	1.65	2.46	2.96	3.78	2.61	2.85	3.54	3.30	2.00
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	34.96%	30.12%	24.25%	13.20%	12.28%	12.19%	11.10%	10.16%	21.47%	27.70%
Debt-free Net Working Capital to Revenue	0.00%	54.71%	44.75%	33.28%	29.61%	21.86%	17.63%	16.11%	16.81%	52.63%	43.41%
Net Working Capital to Revenue	0.00%	24.14%	7.17%	-8.81%	-20.31%	21.86%	17.63%	15.39%	15.29%	51.89%	42.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$5.13	($1.53)	($1.98)	($0.99)	($1.43)	($9.30)	($0.58)	($0.20)	($9.60)	($0.64)
Adjusted Weighted Average Basic Shares Outstanding	0.00	651.69K	6.70M	6.74M	6.93M	6.87M	732.76K	12.19M	56.16M	4.78M	12.08M
Adjusted Diluted Earnings per Share	$0.00	$5.13	($1.53)	($1.98)	($0.99)	($1.43)	($9.30)	($0.58)	($0.20)	($9.60)	($0.64)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	651.69K	6.70M	6.74M	6.93M	6.87M	732.76K	12.19M	56.16M	4.78M	12.08M
Adjusted Basic & Diluted Earnings per Share	$0.00	$5.13	$0.00	$0.00	$0.00	($1.43)	$0.00	$0.00	$0.00	($9.60)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	6.72M	6.95M	7.01M	7.59M	936.32K	61.72M	120.79M	12.15M	12.82M
Normalized Net Operating Profit after Tax (NOPAT)	-4.11	-2.17	-4.09	-4.72	-4.22	-5.00	-4.14	-2.30	-2.64	-7.14	-4.01
Normalized NOPAT Margin	-25.88%	-20.77%	-32.69%	-35.77%	-33.16%	-40.96%	-31.00%	-14.14%	-16.56%	-54.67%	-41.31%
Pre Tax Income Margin	-62.98%	31.50%	-82.90%	-103.17%	-53.29%	-80.59%	-50.89%	-43.29%	-69.33%	-345.60%	-68.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.51	1.82	-1.18	-1.79	-0.21	-0.57	-0.45	-0.29	-0.73	-0.27	-3.52
NOPAT to Interest Expense	-1.03	-0.77	-0.86	-0.97	-0.75	-0.80	-0.88	-0.42	-0.41	-0.20	-2.74
EBIT Less CapEx to Interest Expense	-2.50	1.72	-1.35	-1.90	-0.27	-0.74	-0.61	-0.45	-0.76	-0.27	-3.71
NOPAT Less CapEx to Interest Expense	-2.02	-0.87	-1.03	-1.07	-0.82	-0.97	-1.05	-0.58	-0.44	-0.20	-2.93
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Dragonfly Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Dragonfly Energy's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Dragonfly Energy's net income appears to be on an upward trend, with a most recent value of -$69.94 million in 2025, falling from $4.34 million in 2021. The previous period was -$40.62 million in 2024. View Dragonfly Energy's forecast to see where analysts expect Dragonfly Energy to go next.

Dragonfly Energy's total operating income in 2025 was -$23.17 million, based on the following breakdown:

Total Gross Profit: $15.65 million
Total Operating Expenses: $38.82 million

Over the last 4 years, Dragonfly Energy's total revenue changed from $78 million in 2021 to $58.63 million in 2025, a change of -24.8%.

Dragonfly Energy's total liabilities were at $52.76 million at the end of 2025, a 37.6% decrease from 2024, and a 5,276,200.0% increase since 2020.

In the past 5 years, Dragonfly Energy's cash and equivalents has ranged from $25 thousand in 2020 to $25.59 million in 2021, and is currently $18.27 million as of their latest financial filing in 2025.

Over the last 4 years, Dragonfly Energy's book value per share changed from 1.02 in 2021 to 0.10 in 2025, a change of -90.6%.

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Financial statements for NASDAQ:DFLI last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Dragonfly Energy (DFLI) Financials

Financials Breakdown Chart

Dragonfly Energy Financials - Frequently Asked Questions

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Dragonfly Energy (DFLI) Financials

Annual Income Statements for Dragonfly Energy

Quarterly Income Statements for Dragonfly Energy

Annual Cash Flow Statements for Dragonfly Energy

Quarterly Cash Flow Statements for Dragonfly Energy

Annual Balance Sheets for Dragonfly Energy

Quarterly Balance Sheets for Dragonfly Energy

Annual Metrics And Ratios for Dragonfly Energy

Quarterly Metrics And Ratios for Dragonfly Energy

Financials Breakdown Chart

Dragonfly Energy Financials - Frequently Asked Questions

When does Dragonfly Energy's fiscal year end?

How has Dragonfly Energy's net income changed over the last 4 years?

What is Dragonfly Energy's operating income?

How has Dragonfly Energy's revenue changed over the last 4 years?

How much debt does Dragonfly Energy have?

How much cash does Dragonfly Energy have?

How has Dragonfly Energy's book value per share changed over the last 4 years?

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