Dragonfly Energy Holdings Corp. income statement
In fiscal 2025, Dragonfly Energy Holdings Corp. reported revenue of $58.6m, up 15.8% on the year before, operating income of −$23.2m (a -39.5% margin) and net income of −$69.9m, or −$14.80 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 78 | 86 | 64 | 51 | 59 | 52 |
| Cost of revenue | 48 | 63 | 49 | 39 | 43 | 39 |
| Gross profit | 30 | 24 | 15 | 12 | 16 | 13 |
| Research and development | 3 | 3 | 4 | 5 | 3 | 3 |
| Selling and marketing | 10 | 14 | 13 | 10 | 10 | 9 |
| General and administrative | 11 | 42 | 26 | 22 | 23 | 21 |
| Operating income | 6 | −34 | −27 | −26 | −23 | −23 |
| Interest expense | 1 | 7 | 16 | 22 | 20 | 13 |
| Income before tax | 6 | −41 | −14 | −41 | −70 | −67 |
| Income tax | 2 | −1 | −0 | — | −0 | — |
| Net income | 4 | −40 | −14 | −41 | −70 | −67 |
| Diluted EPS | $1.35 | −$1.04 | −$23.60 | −$59.15 | −$14.80 | — |
| Diluted shares (average) | 3m | — | — | — | 5m | — |
| EBITDA | 7 | −33 | −26 | −24 | −21 | −20 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 12 | 13 | 16 | 16 | 13 | 10 | 13 |
| Cost of revenue | 10 | 10 | 9 | 12 | 11 | 11 | 8 | 9 |
| Gross profit | 3 | 3 | 4 | 5 | 5 | 2 | 2 | 4 |
| Research and development | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Selling and marketing | 3 | 2 | 2 | 3 | 3 | 2 | 2 | 2 |
| General and administrative | 4 | 7 | 6 | 5 | 5 | 7 | 4 | 5 |
| Operating income | −6 | −7 | −6 | −3 | −4 | −10 | −6 | −3 |
| Interest expense | 6 | 6 | 5 | 5 | 6 | 4 | 1 | 2 |
| Income before tax | −7 | −10 | −7 | −7 | −11 | −45 | −7 | −4 |
| Net income | −7 | −10 | −7 | −7 | −11 | −45 | −7 | −4 |
| Diluted EPS | −$9.80 | −$54.62 | −$9.28 | −$5.77 | −$2.00 | −$13.82 | −$0.64 | −$0.43 |
| EBITDA | −6 | −7 | −5 | −3 | −3 | −10 | −5 | −2 |
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