Dragonfly Energy Holdings Corp.
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Range $3 – $3
Price Chart
About the company
Dragonfly Energy Holdings Corp. engages in the manufacture and supply of deep cycle lithium-ion batteries. It also focuses on delivering an energy storage solution to enable a more sustainable and reliable smart grid through the future deployment of its proprietary and patented solid-state cell technology.
- CEO
- Denis Phares
- IPO
- 2021
- Employees
- 138
- HQ
- Reno, NV, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $14.55M
- P/E
- -0.06
- Fwd P/E
- 2.41
- PEG
- -0.00
- P/S
- 0.28
- P/B
- 0.62
- EV/EBITDA
- -0.83
- Div Yield
- 0.00%
- Gross Margin
- 25.38%
- Op Margin
- -38.42%
- Net Margin
- -129.35%
- ROE
- -1565.55%
- ROIC
- -34.13%
Latest fiscal year · YoY change
- Revenue
- $58.63M+15.8%
- Gross Profit
- $15.65M+34.6%
- Op Income
- $-20,506,000
- Net Income
- $-69,939,000-72.2%
- EPS
- $-14.80+75.0%
- OCF Growth
- -261.6%
- FCF Growth
- -181.4%
- 52W High
- $26.10
- 52W Low
- $1.10
- 50D MA
- $1.57
- 200D MA
- $3.28
- Beta
- 0.27
- RSI (14)
- 32
- Avg Volume
- 387.58K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Dragonfly reported improved profitability and margin expansion in Q2, with trucking starting to ramp and Dakota Lithium expected to add revenue and EBITDA leverage later this year.· August 6, 2026
- Q2 net sales were $13.2 million, with OEM sales of $8.4 million and DTC sales of $4.5 million, and gross margin expanded to 33.0%.
- Adjusted EBITDA was negative $1.6 million, improving $0.6 million year over year and $3.0 million sequentially as cost actions flowed through.
- Heavy-duty trucking produced about $0.5 million of revenue in Q2 and is expected to more than double to about $1.3 million in Q3, with growth expected to continue.
- Dakota Lithium was acquired for $4 million and is expected to contribute meaningful revenue and be accretive to adjusted EBITDA in Q4.
- Management kept its Q3 guide modest: net sales of about $13.5 million and adjusted EBITDA of about negative $2.4 million, with timing-related costs weighing on the quarter.
Dragonfly reported second-quarter preliminary net sales of $13.2 million, including $8.4 million of OEM net sales and $4.5 million of DTC net sales. Gross profit was $4.3 million and gross margin was 33.0%, up 470 basis points year over year, including a $1.1 million benefit from tariff refund payments in cost of sales. Operating expenses were $7.2 million, down from $7.9 million, and net loss attributable to common shareholders was $5.5 million, or $0.43 per diluted share, versus a net loss of $7.0 million, or $5.77 per share. Adjusted EBITDA was negative $1.6 million, improving $0.6 million year over year and $3.0 million sequentially. For Q3, the company expects net sales of approximately $13.5 million and adjusted EBITDA of approximately negative $2.4 million. Management said Dakota Lithium is expected to begin contributing meaningful revenue and be accretive to adjusted EBITDA in Q4, while heavy-duty trucking should continue growing sequentially.
Denis Phares framed the quarter as evidence that the company’s cost reset and market investments are beginning to work. He highlighted that trucking is now becoming a meaningful revenue stream after years of pilots, and he positioned the Dakota Lithium acquisition as a low-incremental-cost way to expand product breadth, customer reach, and operating leverage. His tone was constructive and confident, repeatedly tying the pieces together toward the company’s longer-term goal of positive adjusted EBITDA at an annualized revenue run rate of about $70 million.
No separate CFO spoke; Denis Phares covered the financial update. He said gross margin expanded to 33.0%, up 470 basis points year over year, with the improvement aided by a $1.1 million tariff refund benefit. He also noted operating expenses fell to $7.2 million from $7.9 million due to cost reduction actions, and that sequential adjusted EBITDA improved $3.0 million despite lower net sales. On liquidity, he said the lenders reduced the minimum cash covenant, allowed the next 2 quarters of interest to be paid in kind, and deferred certain leverage and fixed-charge covenant compliance until September 2027, which he said preserves near-term flexibility.
Analysts focused heavily on Dakota Lithium, asking how the acquisition affects the company’s financial model and the $70 million annualized revenue run rate. Management said that target does include Dakota’s revenue and costs, and described Dakota as a complementary sales channel with limited additional operating expense, mainly some payroll and marketing. Questions also pressed on the RV market, where management said softness remains and dealers/OEMs expect weakness to continue through the end of 2026 and into 2027, though OEM take rates for Dragonfly products remain positive. On trucking, management said the pipeline includes very large fleets in pilot or early discussion stages and that the opportunity could drive very significant growth in 2027, but they would not quantify it yet.
The bull case from this call is that Dragonfly is showing operating leverage: margins improved, adjusted EBITDA got materially better sequentially, and management believes the cost structure is now rightsized. Trucking has started to convert from pilots into revenue, and Dakota Lithium could add an established brand and customer base with relatively little incremental overhead, supporting faster EBITDA breakeven.
The main risks are that the RV market remains weak, with management and customers expecting softness to extend through 2027, which could continue to weigh on growth. Q3 adjusted EBITDA is expected to worsen sequentially because of timing-related costs tied to vacant space and restarting Dakota operations, and management also emphasized that the trucking ramp is still early and hard to size.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 97.5%
- Shares Outstanding
- 12.82M
- Float Shares
- 12.50M
of shares held by institutions
27 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Alyeska Investment Group, L.P. | 500.00K | ▲ 249.73K |
| Vanguard Capital Management LLC | 354.22K | ▲ 247.90K |
| Vanguard Group Inc | 159.89K | ▼ 36.15K |
| Geode Capital Management, LLC | 104.28K | ▼ 11.29K |
| Xtx Topco Ltd | 83.47K | ▲ 83.47K |
| Citadel Advisors LLC | 73.77K | ▲ 73.77K |
| Ubs Group AG | 55.36K | ▼ 108.52K |
| Vanguard Fiduciary Trust Co | 48.64K | 0 |
| State Street Corp | 30.25K | 0 |
| Kfg Wealth Management, LLC | 28.10K | 0 |
| Northern Trust Corp | 21.98K | ▲ 5.12K |
| Hrt Financial LP | 17.32K | ▲ 17.32K |
Held by 18 ETFs
Biggest fund positions in DFLI by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 31, 26 | Eastward Fund Management, LLC | other | 0 |
| Jun 18, 26 | Lutz Lukas | other | 10,000 |
| Jun 18, 26 | Lutz Lukas | other | 0 |
| Apr 12, 26 | Seaburg Wade | other | 220 |
| Apr 12, 26 | Phares Denis | other | 623 |
| Apr 12, 26 | Bourns Tyler | other | 97 |
| Mar 15, 26 | Ingargiola Luisa | other | 4,956 |
| Mar 15, 26 | Nelson Brian James | other | 4,204 |
| Mar 15, 26 | Bourns Tyler | other | 20,303 |
| Mar 15, 26 | Boyle Howarth Perry Jr. | other | 4,204 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our DFLI coverage
Recent articles, reports, and earnings notes.
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Generate DFLI report →Dragonfly Energy Partners with Sphere Energy to Develop Next-Generation AI-Enhanced Battery Technology
globenewswire.com · Aug 17
Dragonfly Energy to Participate in Canaccord Genuity's 46th Annual Growth Conference
globenewswire.com · Aug 10
Dragonfly Energy Holdings Corp. (DFLI) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 7
Dragonfly Energy Holdings Corp. (DFLI) Reports Q2 Loss, Lags Revenue Estimates
zacks.com · Aug 6
Dragonfly Energy Announces Strategic Acquisition of Dakota Lithium Assets, Expanding Into New Markets
globenewswire.com · Jul 31
Dragonfly Energy to Report Second Quarter 2026 Financial and Operational Results on August 6, 2026
globenewswire.com · Jul 30
Dragonfly Energy Appoints Transportation Industry Veteran Robert Keller to Lead National Fleet Sales
globenewswire.com · Jul 21
Dragonfly Energy Appoints AI and Battery Technology Innovator Dr. Lukas Lutz to Board of Directors
globenewswire.com · Jun 23
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.