{ "ok": true, "cik": "1847986", "ticker": "DFLI", "name": "DRAGONFLY ENERGY HOLDINGS CORP.", "filings": [ { "form": "8-K", "filed": "2026-09-25", "items": [ "4.01 Changes in Registrant's Certifying Accountant", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226044337/0001493152-26-044337-index.htm" }, { "form": "8-K", "filed": "2026-08-21", "items": [ "3.01 Notice of Delisting or Failure to Satisfy a Listing Rule" ], "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226039715/0001493152-26-039715-index.htm" }, { "form": "10-Q", "filed": "2026-08-14", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226037994/0001493152-26-037994-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226036337/0001493152-26-036337-index.htm" }, { "form": "8-K", "filed": "2026-07-31", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "3.02 Unregistered Sales of Equity Securities", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226035543/0001493152-26-035543-index.htm" }, { "form": "8-K", "filed": "2026-06-23", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226029705/0001493152-26-029705-index.htm" } ], "events12m": 22, "healthWatch": { "window": "last 12 months", "since": "2025-09-28", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-08-21", "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226039715/0001493152-26-039715-index.htm" } }, { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-09-25", "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226044337/0001493152-26-044337-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-06-23", "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226029705/0001493152-26-029705-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001847986.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1847986" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up DRAGONFLY ENERGY HOLDINGS CORP. ($DFLI). Last filing: 8-K (4.01 Changes in Registrant's Certifying Accountant), 2026-09-25. 22 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-09-25.", "auditor": { "changes": [ { "filed": "2026-09-25", "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226044337/0001493152-26-044337-index.htm" }, { "filed": "2025-03-24", "url": "https://www.sec.gov/Archives/edgar/data/1847986/000164117225000298/0001641172-25-000298-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 58630000, "revenueGrowth1y": 0.15766610721690189, "revenueGrowthPerYear": -0.06887856847634344, "yearsOfData": 5, "operatingMargin": -0.3952413440218318, "operatingMarginPrior": -0.5086188172573798, "netMargin": -1.1928876002046733, "operatingCashFlow": -25968000, "capitalSpending": 1949000, "freeCashFlow": -27917000, "researchAndDevelopment": 2981000, "researchShareOfRevenue": 0.05084427767354597, "cash": 18270000, "longTermDebt": 19344000, "longTermDebtChange": -0.7748393705186702, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 78000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 86251000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 64392000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 50645000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 58630000 } ], "totalEquity": 11530000, "totalAssets": 86549000, "equityRatio": 0.13321933240129868, "returnOnEquity": -6.065828274067649, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -14.8, "sharesOutstanding": 4783337, "bookValuePerShare": 2.4104511139399127, "revenuePerShare": 12.257133461430795, "range80": { "low": 37011222.72197557, "high": 89679384.38158771, "baseline": 59712564.13217994, "n": 749, "band": "b00", "bandLabel": "$50M–100M", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.2267656367109848, "classVolatility": 0.19293522228976231, "volatility": 0.21053105945790793 }, "ifPaceHeld": { "low": 37011222.72197557, "high": 89679384.38158771 } }, "edgarette": "🔖 Exposure: revenue $58.6M (FY2025), total debt $19.3M. Experience: revenue up 15.8% on the year, down 6.9% a year over 4 years; operating margin -39.5%, up from -50.9%. Soundness: equity 13.3% of assets, return on equity -606.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $37.0M and $89.7M next year (method v4.1: its own 4-year record of growth weighed at 50% against $50M–100M filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $38.3M to $86.9M. A statistical range, not company guidance. Against peers (15 filers, $50M+ revenue, miscellaneous electrical machinery, equipment & supplies): operating margin -39.5% against a -7.6% median; growth 15.8% against 6.9%.", "peers": { "sic": 3690, "sicDescription": "Miscellaneous Electrical Machinery, Equipment & Supplies", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3690", "growth": [ 0.0691, 14 ], "opMargin": [ -0.0757, 15 ], "equityRatio": [ 0.4083, 15 ], "returnOnEquity": [ -0.0583, 14 ] }, "summary": "Dragonfly Energy Holdings (DFLI) grew revenue 15.8% in FY2025 to $59 million, operating margin -39.5% against a -7.6% median for miscellaneous electrical machinery, equipment & supplies, equity 13.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
DRAGONFLY ENERGY HOLDINGS CORP. against its own record and its peers
Operating marginPeer median -7.6%-39.5%Revenue, on the yearPeer median 6.9%15.8%Equity of assetsPeer median 40.8%13.3%Return on equityPeer median -5.8%-606.6%Gold tick: the median of 14–15 peers with $50M+ revenue in miscellaneous electrical machinery, equipment & supplies
", "chartHorizon": null, "backtest": { "tests": 1, "hits": 1, "rate": 1, "method": "v4", "byYear": { "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-28T14:33:30.726Z", "hash": "cc81a5985cba935f", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Dragonfly Energy Holdings (DFLI) grew revenue 15.8% in FY2025 to $59 million, operating margin -39.5% against a -7.6% median for miscellaneous electrical machinery, equipment & supplies, equity 13.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 58630000, "totalDebt": 19344000, "cash": 18270000 }, "experience": { "revenueGrowth1y": 0.15766610721690189, "revenueGrowthPerYear": -0.06887856847634344, "operatingMargin": -0.3952413440218318, "operatingMarginPrior": -0.5086188172573798, "netMargin": -1.1928876002046733, "freeCashFlow": -27917000 }, "soundness": { "equityRatio": 0.13321933240129868, "returnOnEquity": -6.065828274067649, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3690, "sicDescription": "Miscellaneous Electrical Machinery, Equipment & Supplies", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3690", "growth": [ 0.0691, 14 ], "opMargin": [ -0.0757, 15 ], "equityRatio": [ 0.4083, 15 ], "returnOnEquity": [ -0.0583, 14 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2026-09-25", "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226044337/0001493152-26-044337-index.htm" } }, "healthWatch": { "window": "last 12 months", "since": "2025-09-28", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-08-21", "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226039715/0001493152-26-039715-index.htm" } }, { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-09-25", "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226044337/0001493152-26-044337-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-06-23", "url": "https://www.sec.gov/Archives/edgar/data/1847986/000149315226029705/0001493152-26-029705-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 37011222.72197557, "high": 89679384.38158771, "baseline": 59712564.13217994, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 749, "sizeBand": "$50M–100M", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.2267656367109848, "classVolatility": 0.19293522228976231, "pricedVolatility": 0.21053105945790793, "k": 3 }, "stress": { "low": 38265076.49747609, "high": 86937745.95264547, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 1, "hits": 1, "rate": 1, "method": "v4", "byYear": { "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-28T14:33:30.726Z", "hash": "cc81a5985cba935f", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001847986.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1847986" }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.4429, "growth3y": -0.1207, "volatility": 0.2268, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.1332, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns -44.3% of revenue into operating cash; revenue shrinking 12.1% a year over three years; no common dividend.", "outside": "Among $50M-100M companies: 18th percentile for cash, 12th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$50M-100M", "cashPctInClass": 18, "growthPctInClass": 12, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed auditor change in the last 12 months" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±42%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -25968000, "investing": -1949000, "financing": 41338000, "capitalSpending": 1949000, "free": -27917000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -13573000, "free": -16543000 }, { "fiscalYearEnd": "2022-12-31", "operating": -45696000, "free": -52558000 }, { "fiscalYearEnd": "2023-12-31", "operating": -17706000, "free": -24591000 }, { "fiscalYearEnd": "2024-12-31", "operating": -7190000, "free": -9874000 }, { "fiscalYearEnd": "2025-12-31", "operating": -25968000, "free": -27917000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 18270000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 86549000, "ladder": null, "currentRatio": 2.54, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.4429, "growth3y": -0.1207, "volatility": 0.2268, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.1332, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns -44.3% of revenue into operating cash; revenue shrinking 12.1% a year over three years; no common dividend.", "outside": "Among $50M-100M companies: 18th percentile for cash, 12th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$50M-100M", "cashPctInClass": 18, "growthPctInClass": 12, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed auditor change in the last 12 months" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±42%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -25968000, "investing": -1949000, "financing": 41338000, "capitalSpending": 1949000, "free": -27917000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -13573000, "free": -16543000 }, { "fiscalYearEnd": "2022-12-31", "operating": -45696000, "free": -52558000 }, { "fiscalYearEnd": "2023-12-31", "operating": -17706000, "free": -24591000 }, { "fiscalYearEnd": "2024-12-31", "operating": -7190000, "free": -9874000 }, { "fiscalYearEnd": "2025-12-31", "operating": -25968000, "free": -27917000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 18270000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 86549000, "ladder": null, "currentRatio": 2.54, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }