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Companies / Technology / Dragonfly Energy Holdings Corp.
DFLI

Dragonfly Energy Holdings Corp.

TechnologyElectronic Equipment
Ticker DFLIRENO,, NVFiscal year ends DecemberBook value per share $-0.01Diluted shares 12.4M

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) manufactures non-toxic deep cycle lithium-ion batteries designed for energy storage applications across consumer and commercial markets. The company operates through its Battle Born brand, which serves recreational vehicles, marine vessels, industrial applications, and… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$58.63M
+15.8% year over year
Last 12 mo $51.89M
-39.52%
+11.3 percentage points
Last 12 mo -43.56%
$-69.94M
−72.2% year over year
Last 12 mo $-67.12M
-583.42%
−1015.3 percentage points
Last 12 mo 36477.72%
Cash & financing
$-25.97M
−261.6% year over year
Last 12 mo $-28.74M
$-27.92M
−181.4% year over year
Last 12 mo $-29.71M
0.84
Was -3.16× a year earlier
Last 12 mo -60.65
4.8M
−30.3% year over year
Last 12 mo 12.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Dragonfly Energy Holdings Corp. does

In the company’s own words

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) manufactures non-toxic deep cycle lithium-ion batteries designed for energy storage applications across consumer and commercial markets. The company operates through its Battle Born brand, which serves recreational vehicles, marine vessels, industrial applications, and heavy-duty trucking markets with lithium iron phosphate (LFP) battery systems that replace traditional lead-acid batteries.

The company's core product portfolio includes LFP battery packs in various configurations, integrated battery management systems, integrated heating capability for cold-temperature operation, and complementary power system components such as inverters, chargers, and power management solutions. Battle Born products are sold through multiple channels including original equipment manufacturers, distributors, dealers, fleet operators, and direct-to-consumer relationships. The company also operates the Wakespeed brand, offering advanced alternator regulation and charging control solutions acquired through prior asset purchases.

Dragonfly Energy designs and assembles the majority of its battery products in the United States at its 390,240 square foot facility in Reno, Nevada, which the company relocated to in November 2024 to increase production capacity. The company sources lithium iron phosphate cells from carefully selected suppliers and maintains long-term supplier relationships to ensure consistent supply and product reliability. For the fiscal year ended December 31, 2025, the company sold 43,129 batteries and generated revenues of $58.6 million.

The company's competitive strengths include proprietary dry-electrode battery cell manufacturing technology and solid-state cell technology under development, an extensive patent portfolio with 50 issued patents and 38 pending applications, established relationships with major OEMs including Airstream, Tiffin Motorhomes, Forest River, and THOR Industries, and a proven go-to-market strategy combining OEM partnerships with direct-to-consumer brand awareness. In July 2024, Dragonfly signed a brand licensing agreement with Stryten Energy expected to generate $30 million in licensing revenues over seven years, with both licensing and contract manufacturing revenues beginning in 2025.

Company details
Sector
Technology
Industry
Electronic Equipment
Headquarters
RENO,, NV
Fiscal year end
December
CIK
1847986
SIC
3690

Financial performance, year by year

Fiscal 2021–2025 · USD
$-85.56M$-38.70M$8.16M$55.01M$101.87M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Dragonfly Energy Holdings Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

6
funds hold it
0 of 35
superinvestors hold it
$0.80M
held by funds, at market
2.7%
of shares held by funds

Largest fund holders · Dragonfly Energy Holdings Corp.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
0.00%of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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