DFLI on Nasdaq
Dragonfly Energy Holdings Corp.
American miscellaneous electrical machinery company based in Reno. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
Compare with Amprius Technologies, Inc., E-Power Inc. or Electrovaya Inc., or pick any stock.
- TickerDFLI on Nasdaq1
- IndustryMiscellaneous Electrical Machinery, Equipment & Supplies1
- HeadquartersReno, Nevada1
- Incorporated inNV2
- Business address12915 Old Virginia Road, Reno,, Nv 895212
- Filer category, Emerging growth company2
- Legal formCorporation
See how the biggest companies compare on our leaderboards
Keystone RV Company (“ Keystone ”), Ember, nuCamp RV, ATC, and THOR Industries (“ THOR ”).3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
26.7%Gross margin4
-39.5%Operating margin4
-119.3%Net margin4
15.8%Revenue growth, 20254
-606.6%Return on equity4
0.80×Debt to equity4
-$27.9MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Original Equipment Manufacturers brought in 63% of the revenue Dragonfly Energy Holdings Corp. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Original Equipment Manufacturers | $27.6M | $36.9M |
| Direct To Consumers | $22.6M | $20.7M |
| Other | $417.0K | $1.0M |
| Original Equipment Manufacturers | $7.3K | $15.7K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue73¢$43.0M
- Research and development5¢$3.0M
- Other costs21¢$12.6M
- Income tax0¢$94.0K
Out of $58.6M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Sales | $58.6M | $50.6M |
| Cost of Goods Sold | $43.0M | $39.0M |
| Gross Profit | $15.6M | $11.6M |
| Research and development | $3.0M | $5.5M |
| General and administrative | $23.0M | $21.9M |
| Selling and marketing | $10.2M | $10.0M |
| Loss on impairment of right-of-use assets | $2.7M | |
| Total Operating Expenses | $38.8M | $37.4M |
| Loss From Operations | -$23.2M | -$25.8M |
| Interest expense, net | -$20.3M | -$21.5M |
| Other (expense) income | $131.0K | -$36.0K |
| Change in fair market value of warrant liability | $5.1M | $6.7M |
| Debt extinguishment | -$31.8M | |
| Total Other Expense | -$46.9M | -$14.9M |
| Net Loss Before Taxes | -$70.0M | -$40.6M |
| Income Tax Expense (Benefit) | -$94.0K | |
| Net Loss | -$69.9M | -$40.6M |
| Less: Preferred Stock Dividends | -$869.0K | |
| Net Loss Attributable to Common Shareholders | -$70.8M | -$40.6M |
| Loss Per Share- Basic | -$14.80 | -$59.15 |
| Loss Per Share- Diluted | -$14.80 | -$59.15 |
| Weighted Average Number of Shares - Basic | 4.8M shares | 686.7K shares |
| Weighted Average Number of Shares - Diluted | 4.8M shares | 686.7K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2024-10-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $18.3M | $4.8M | |||
| Accounts receivable, net of allowance for credit losses | $4.2M | $2.4M | |||
| Inventory | $24.2M | $21.7M | |||
| Prepaid expenses | $1.1M | $806.0K | |||
| Prepaid inventory | $937.0K | $1.4M | |||
| Prepaid income tax | $353.0K | $307.0K | |||
| Assets held for sale | $644.0K | ||||
| Other current assets | $1.1M | $825.0K | |||
| Total Current Assets | $50.2M | $32.9M | |||
| Machinery and equipment | $17.8M | $16.8M | |||
| Office furniture and equipment | $432.0K | $355.0K | |||
| Leasehold improvements | $7.6M | $9.1M | |||
| Vehicle | $33.0K | $33.0K | |||
| Total | $25.8M | $26.3M | |||
| Less accumulated depreciation and amortization | -$5.1M | -$4.2M | |||
| Property and Equipment, Net | $20.7M | $22.1M | |||
| Operating lease right of use asset, net | $15.2M | $19.7M | |||
| Other assets | $388.0K | $445.0K | |||
| Total Assets | $86.5M | $75.2M | |||
| Accounts payable | $10.3M | $10.7M | |||
| Accrued payroll and other liabilities | $4.1M | $4.1M | |||
| Accrued tariffs | $943.0K | $1.9M | |||
| Accrued settlement, current portion | $750.0K | ||||
| Customer deposits | $121.0K | $317.0K | |||
| Deferred revenue, current portion | $1.0M | $1.0M | |||
| Uncertain tax position liability | $55.0K | ||||
| Dividends Payable | $317.0K | ||||
| Notes payable, current portion, net of debt issuance costs | $433.0K | ||||
| Operating lease liability, current portion | $2.5M | $2.9M | |||
| Financing lease liability, current portion | $35.0K | $47.0K | |||
| Total Current Liabilities | $19.8M | $21.9M | |||
| Deferred revenue, net of current portion | $2.6M | $3.6M | |||
| Warrant liabilities | $713.0K | $5.1M | |||
| Accrued settlement, net of current portion | $1.8M | ||||
| Notes payable, non current portion, net of debt issuance costs | $9.2M | $29.6M | |||
| Operating lease liability, net of current portion | $20.5M | $22.6M | |||
| Financing lease liability, net of current portion | $28.0K | $63.0K | |||
| Total Long-Term Liabilities | $33.0M | $62.8M | |||
| Total Liabilities | $52.8M | $84.6M | |||
| Common stock, 400,000,000 shares at $0.0001 par value, authorized, 12,078,713 and 723,265 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $1.0K | ||||
| Additional paid in capital | $163.6M | $72.8M | |||
| Accumulated deficit | -$152.1M | -$82.2M | |||
| Total Stockholders Equity (Deficit) | $11.5M | -$9.4M | $27.9M | ||
| Total Liabilities, Series B Preferred Stock and Stockholders Equity (Deficit) | $86.5M | $75.2M | |||
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | |||
| Preferred stock, par value | $0.00 | $0.00 | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares | |||
| Common stock, shares authorized | 400.0M shares | 400.0M shares | |||
| Common stock, par value | $0.00 | $0.00 | $0.00 | $0.00 | |
| Common stock, shares issued | 12.1M shares | 723.3K shares | |||
| Common stock, shares outstanding | 12.1M shares | 723.3K shares |
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2024-10-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $18.3M | $4.8M | |||
| Accounts receivable, net of allowance for credit losses | $4.2M | $2.4M | |||
| Inventory | $24.2M | $21.7M | |||
| Prepaid expenses | $1.1M | $806.0K | |||
| Prepaid inventory | $937.0K | $1.4M | |||
| Prepaid income tax | $353.0K | $307.0K | |||
| Assets held for sale | $644.0K | ||||
| Other current assets | $1.1M | $825.0K | |||
| Total Current Assets | $50.2M | $32.9M | |||
| Machinery and equipment | $17.8M | $16.8M | |||
| Office furniture and equipment | $432.0K | $355.0K | |||
| Leasehold improvements | $7.6M | $9.1M | |||
| Vehicle | $33.0K | $33.0K | |||
| Total | $25.8M | $26.3M | |||
| Less accumulated depreciation and amortization | -$5.1M | -$4.2M | |||
| Property and Equipment, Net | $20.7M | $22.1M | |||
| Operating lease right of use asset, net | $15.2M | $19.7M | |||
| Other assets | $388.0K | $445.0K | |||
| Total Assets | $86.5M | $75.2M | |||
| Accounts payable | $10.3M | $10.7M | |||
| Accrued payroll and other liabilities | $4.1M | $4.1M | |||
| Accrued tariffs | $943.0K | $1.9M | |||
| Accrued settlement, current portion | $750.0K | ||||
| Customer deposits | $121.0K | $317.0K | |||
| Deferred revenue, current portion | $1.0M | $1.0M | |||
| Uncertain tax position liability | $55.0K | ||||
| Dividends Payable | $317.0K | ||||
| Notes payable, current portion, net of debt issuance costs | $433.0K | ||||
| Operating lease liability, current portion | $2.5M | $2.9M | |||
| Financing lease liability, current portion | $35.0K | $47.0K | |||
| Total Current Liabilities | $19.8M | $21.9M | |||
| Deferred revenue, net of current portion | $2.6M | $3.6M | |||
| Warrant liabilities | $713.0K | $5.1M | |||
| Accrued settlement, net of current portion | $1.8M | ||||
| Notes payable, non current portion, net of debt issuance costs | $9.2M | $29.6M | |||
| Operating lease liability, net of current portion | $20.5M | $22.6M | |||
| Financing lease liability, net of current portion | $28.0K | $63.0K | |||
| Total Long-Term Liabilities | $33.0M | $62.8M | |||
| Total Liabilities | $52.8M | $84.6M | |||
| Common stock, 400,000,000 shares at $0.0001 par value, authorized, 12,078,713 and 723,265 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $1.0K | ||||
| Additional paid in capital | $163.6M | $72.8M | |||
| Accumulated deficit | -$152.1M | -$82.2M | |||
| Total Stockholders Equity (Deficit) | $11.5M | -$9.4M | $27.9M | ||
| Total Liabilities, Series B Preferred Stock and Stockholders Equity (Deficit) | $86.5M | $75.2M | |||
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | |||
| Preferred stock, par value | $0.00 | $0.00 | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares | |||
| Common stock, shares authorized | 400.0M shares | 400.0M shares | |||
| Common stock, par value | $0.00 | $0.00 | $0.00 | $0.00 | |
| Common stock, shares issued | 12.1M shares | 723.3K shares | |||
| Common stock, shares outstanding | 12.1M shares | 723.3K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Loss | -$69.9M | -$40.6M |
| Stock based compensation | $714.0K | $1.0M |
| Amortization of debt discount | $7.6M | $7.2M |
| Change in fair market value of warrant liability | -$5.1M | -$6.7M |
| Non-cash interest expense (paid-in kind) | $12.0M | $10.1M |
| Debt restructuring fees (paid-in-kind) | $465.0K | |
| Provision for credit losses | $140.0K | $3.0K |
| Depreciation and amortization | $2.2M | $1.4M |
| Amortization of right of use of assets | $2.5M | $2.2M |
| Loss on disposal of property and equipment | $199.0K | |
| Loss on impairment of right-of-use assets | $2.7M | |
| Loss on impairment of assets | $873.0K | |
| Loss on extinguishment of debt | $31.8M | |
| Write-off of prepaid inventory | $69.0K | |
| Accounts receivable | -$1.9M | -$780.0K |
| Inventories | -$2.5M | $17.1M |
| Prepaid expenses | -$282.0K | $170.0K |
| Prepaid inventory | $425.0K | -$50.0K |
| Prepaid income tax | -$46.0K | |
| Other current assets | -$258.0K | -$707.0K |
| Other assets | $57.0K | -$445.0K |
| Accounts payable and accrued expenses | $1.2M | -$4.0M |
| Operating lease liabilities | -$3.2M | -$1.3M |
| Accrued tariffs | -$972.0K | $202.0K |
| Accrued settlement | -$2.5M | $2.5M |
| Deferred revenue | -$1.0M | $4.6M |
| Uncertain tax position liability | -$55.0K | -$36.0K |
| Customer deposits | -$196.0K | $116.0K |
| Total Adjustments | $44.0M | $33.4M |
| Net Cash Used in Operating Activities | -$26.0M | -$7.2M |
| Proceeds from sale of property and equipment | $8.0K | |
| Purchase of property and equipment | -$1.9M | -$2.7M |
| Net Cash Used in Investing Activities | -$1.9M | -$2.7M |
| Proceeds from public offering | $83.5M | |
| Proceeds from public offering (ATM), net | $63.0K | $2.0M |
| Proceeds from note payable, related party | $2.7M | |
| Repayment of note payable, related party | -$2.7M | |
| Repayment of note payable | -$49.1M | |
| Proceeds from preferred stock offering, net of fees | $7.3M | |
| Principal payments on finance leases | -$47.0K | -$45.0K |
| Proceeds from exercise of options | $4.0K | |
| Payment of debt financing fees | -$465.0K | |
| Net Cash Provided by Financing Activities | $41.3M | $2.0M |
| Net Increase (Decrease) in cash and cash equivalents | $13.4M | -$7.9M |
| Cash paid for income taxes | $7.0K | |
| Cash paid for interest | $5.0K | $6.3M |
| Purchases of property and equipment, not yet paid | $179.0K | $1.7M |
| Recognition of right of use asset obtained in exchange for operating lease liability | $642.0K | $18.7M |
| Recognition of leasehold improvements obtained in exchange for operating lease liability | $4.7M | |
| Recognition of machinery & equipment obtained in exchange for financing lease liability | $53.0K | |
| Recognition of warrant liability - Investor Warrants | $697.0K | |
| Conversion of preferred stock to common stock | $7.3M | |
| Accrued dividends | $317.0K | |
| Dividends paid in kind | $79.0K | |
| Accretion of preferred stock discount | $473.0K | |
| Conversion of notes payable to preferred shares | $25.0M | |
| Recognition of warrant liability - Penny Warrants | $7.4M | |
| Settlement of accrued liability for employee stock purchase plan | $97.0K | $250.0K |
| Reclassification of assets held for sale to machinery and equipment | $644.0K | |
| Reclassification of assets held for sale | $644.0K |
No quarter-by-quarter statement was filed.
Compare Dragonfly Energy Holdings Corp. with another company
Leadership
Who has led Dragonfly Energy Holdings Corp., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerDenis Phares Oct 11, 2022 to now11
- PresidentDenis Phares Oct 11, 2022 to now11
- Chief financial officerDenis Phares Apr 16, 2024 to now12
- Chief financial officerJohn Marchetti Oct 11, 2022 to Feb 14, 202313
- Chief operating officerVickram Singh Feb 5, 2025 to now14
- Chief operating officerSean Nichols Oct 11, 2022 to Oct 11, 202215
Board members and other officers (18)
- Chief Revenue OfficerWade Seaburg Oct 10, 2023 to now16
- ControllerJoan Buell Oct 11, 2022 to Oct 11, 202217
- Gen Counsel,Comp Off,Corp SecNicole Harvey Oct 11, 2022 to Feb 14, 202318
- Senior VP of MarketingTyler Bourns Oct 11, 2022 to now19
- Board memberLukas Lutz Jun 23, 2026 to now20
- Board memberBrian James Nelson Oct 11, 2022 to now21
- Board memberDenis Phares Oct 11, 2022 to now11
- Board memberJonathan Bellows Oct 11, 2022 to Apr 16, 202422
- Board memberKarina Edmonds Oct 11, 2022 to Apr 16, 202423
- Board memberLuisa Ingargiola Oct 11, 2022 to now24
- Board memberRick Parod Oct 11, 2022 to Apr 16, 202425
- Board memberHitesh Thakrar Aug 10, 2021 to Aug 10, 202126
- Board memberHowarth Perry Boyle Jr. Aug 10, 2021 to now27
- Board memberJardins Jory Des Aug 10, 2021 to Aug 10, 202128
- Board memberJonathan C. Biele Aug 10, 2021 to Aug 10, 202129
- Board memberRoderick A. Hardamon Aug 10, 2021 to Aug 10, 202130
- Board memberTodd S. Thomson Aug 10, 2021 to Aug 10, 202131
- Board memberKerry Propper Aug 11, 2021 to Oct 4, 202232
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorPerry Montilla Boyle named Mar 13, 202533
Former names
- Chardan NexTech Acquisition 2 Corp.Mar 8, 2021 to Oct 7, 20222
Timeline
- Oct 11, 2022New chief executive Denis Phares becomes CEO11
Filings
372 filings to the SEC since October 2021: 7 annual reports, 16 quarterly reports, 97 major events, 46 insider forms, 31 large holders, 1 private raises, 174 other. The latest 20:
- Oct 8, 20268-K EDGAR
- Oct 2, 20268-K EDGAR
- Sep 25, 20268-K EDGAR
- Aug 21, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 20263 OWNERSHIP DOCUMENT EDGAR
- Aug 12, 2026SCHEDULE 13G EDGAR
- Aug 6, 20268-K EDGAR
- Jul 31, 20268-K EDGAR
- Jun 23, 20264 EDGAR
- Jun 23, 20268-K EDGAR
- Jun 23, 20263 EDGAR
- Jun 18, 20268-K EDGAR
- Jun 15, 20268-K EDGAR
- Jun 8, 20268-K EDGAR
- Jun 2, 20268-K EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 14, 202610-Q EDGAR
- May 14, 20268-K EDGAR
The 372 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 23, 2023 | Edmonds KarinaDirector | Buy | 100 | $4.28 | $428 | Form 4 |
| Oct 25, 2022 | Edmonds KarinaDirector | Buy | 200 | $7.89 | $1.6K | Form 4 |
| Sep 30, 2022 | PROPPER KERRY | Buy | 485,000 | $10.36 | $5.0M | Form 4 |
| Sep 30, 2022 | GROSSMAN JONAS | Buy | 485,000 | $10.36 | $5.0M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Alyeska Investment Group, L.P.SCHEDULE 13G/A, 3 filings Feb 17, 2026 to Aug 14, 202634
- Eastward Fund Management, LLCSCHEDULE 13G, 1 filing Aug 12, 202635
- ATW Partners Opportunities Management, LLCSCHEDULE 13G/A, 2 filings Jun 5, 2025 to Nov 13, 202536
- CVI Investments, Inc.SCHEDULE 13G/A, 2 filings Aug 4, 2025 to Nov 7, 202537
- Denis PharesSCHEDULE 13D/A, 7 filings Oct 12, 2022 to Aug 1, 202538
- Chardan NexTech Investments 2 LLCSC 13D/A, 4 filings Feb 24, 2022 to May 11, 202339
- MMCAP International Inc. SPCSC 13G/A, 2 filings Feb 7, 2022 to Feb 14, 202340
- Polar Asset Management Partners Inc.SC 13G/A, 2 filings Feb 7, 2022 to Feb 13, 202341
- Weiss Asset Management LPSC 13G/A, 2 filings Feb 7, 2022 to Feb 3, 202342
- Sean NicholsSC 13D, 1 filing Oct 13, 202243
- Dynavolt Technology (HK) Ltd.SC 13D, 1 filing Oct 12, 202244
- Li GongSC 13D, 1 filing Oct 12, 202245
- Vellar Opportunities Fund Master, Ltd.SC 13G/A, 2 filings Aug 31, 2022 to Oct 5, 202246
- HGC Investment Management Inc.SC 13G, 1 filing Feb 14, 202247
Money raised
Private offerings the company reported to the SEC on Form D.
- Feb 27, 2025Raised $3.5 million in a private offering of equity Form D: $8 million offered in all Form D
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16SEC EDGARWade Seaburg, Chief Revenue Officer
- 17SEC EDGARJoan Buell, Controller
- 18
- 19SEC EDGARTyler Bourns, Senior VP of Marketing
- 20SEC EDGARLukas Lutz, Board member
- 21SEC EDGARBrian James Nelson, Board member
- 22SEC EDGARJonathan Bellows, Board member
- 23SEC EDGARKarina Edmonds, Board member
- 24SEC EDGARLuisa Ingargiola, Board member
- 25SEC EDGARRick Parod, Board member
- 26SEC EDGARHitesh Thakrar, Board member
- 27
- 28SEC EDGARJardins Jory Des, Board member
- 29SEC EDGARJonathan C. Biele, Board member
- 30SEC EDGARRoderick A. Hardamon, Board member
- 31SEC EDGARTodd S. Thomson, Board member
- 32SEC EDGARKerry Propper, Board member
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47