# DRAGONFLY ENERGY HOLDINGS CORP. (DFLI) · Edgar & Edgarette company card

> 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.

SEC CIK 1847986 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/DFLI) · [JSON](https://www.pops4.com/boards/company/DFLI.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $59M |
| Revenue growth, 1 year | 15.8% |
| Revenue growth per year | -6.9% |
| Operating margin | -39.5% (prior year -50.9%) |
| Net margin | -119.3% |
| Operating cash flow | −$26M |
| Capital spending | $2M |
| Free cash flow | −$28M |
| Cash | $18M |
| Long-term debt | $19M |
| Total assets | $87M |
| Total equity | $12M |
| Equity ÷ assets | 13.3% |
| Return on equity | -606.6% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -4.99 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Beneish M: -4.32 (below the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed auditor change in the last 12 months; operating cash flow was negative; operating loss: a margin of -39.5% in FY2025; revenue is hard to predict: its 80% range is ±42%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

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; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). 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%.

Range logged 2026-09-28, receipt cc81a5985cba935f, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 2, latest 2026-10-23 ([filing](https://www.sec.gov/Archives/edgar/data/1847986/000149315226048247/0001493152-26-048247-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-09-25 ([filing](https://www.sec.gov/Archives/edgar/data/1847986/000149315226044337/0001493152-26-044337-index.htm))
- Item 5.02 Director or officer change: 2, latest 2026-06-23 ([filing](https://www.sec.gov/Archives/edgar/data/1847986/000149315226029705/0001493152-26-029705-index.htm))

## Recent filings

- 8-K · filed 2026-10-23 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule · [filing](https://www.sec.gov/Archives/edgar/data/1847986/000149315226048247/0001493152-26-048247-index.htm)
- 8-K · filed 2026-10-08 · 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1847986/000149315226046260/0001493152-26-046260-index.htm)
- 8-K · filed 2026-10-02 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.03 Material Modifications to Rights of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1847986/000149315226045583/0001493152-26-045583-index.htm)
- 8-K · filed 2026-09-25 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1847986/000149315226044337/0001493152-26-044337-index.htm)
- 8-K · filed 2026-08-21 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule · [filing](https://www.sec.gov/Archives/edgar/data/1847986/000149315226039715/0001493152-26-039715-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/1847986/000149315226037994/0001493152-26-037994-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001847986.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1847986

## Cite

POPS4, Edgar & Edgarette: DRAGONFLY ENERGY HOLDINGS CORP. (DFLI) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/DFLI. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.