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Dragonfly Energy Holdings (DFLI) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Dragonfly Energy Holdings (DFLI) Q2 2026 earnings results →
Q2 2026 Revenue down 19% year over year to $13.2M · 33¢ of every $1 of revenue lost · operating margin -22.0%
Dragonfly Energy Holdings made $13.2M in Q2 2026 (-19% Y/Y): Original Equipment Manufacturers $8.4M, Direct to Consumers $4.5M, Other $250K. Operating margin -22.0%, net loss $4.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $13.2M in Q2 2026, down 19% year over year and up 36% from the previous quarter. Original Equipment Manufacturers was the largest line at 64% of revenue. Original Equipment Manufacturers lost $1.6M year over year (down 16%), 52% of the total change.
Gross margin was 33.0%, up 4.7 points from Q2 2025. Operating costs exceeded revenue by $2.9M, an operating margin of -22.0%. Operating expenses fell 8% while revenue fell 19%. The quarter ended with a net loss of $4.4M, narrower than the previous quarter's $6.6M loss.
Operating cash flow was −$1.9M. Non-cash charges added back $453K of depreciation and amortization and $461K of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $361K exceeded it, leaving free cash flow of −$2.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $13.2M | -19% | -22.0% | −$4.4M | −$1.9M |
| Q1 2026 | 10-Q | May 14, 2026 | $9.7M | -27% | -59.0% | −$6.6M | −$8.8M |
| Q4 2025 | 10-K | Mar 30, 2026 | $13.1M | +7% | -78.1% | −$45.0M | −$14.7M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $16.0M | +26% | -23.7% | −$11.1M | −$3.4M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $16.2M | +23% | -20.2% | −$7.0M | −$3.4M |
| Q1 2025 | 10-Q | May 16, 2025 | $13.4M | +7% | -44.3% | −$6.8M | −$4.5M |
| Q4 2024 | 10-K | Mar 31, 2025 | $12.2M | +17% | -58.5% | −$9.8M | −$2.5M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Dragonfly Energy Holdings
All references in this report to “Dragonfly,” the “Company,” “we,” “us,” or “our” mean Dragonfly Energy Holdings Corp. and its subsidiaries unless stated otherwise or the context otherwise indicates. We are a manufacturer of non-toxic deep cycle lithium-ion batteries that caters to customers in the consumer industry (including the recreational vehicle (“ RV ”), marine vessel, industrial, and trucking markets), with proprietary, patented and disruptive battery cell manufacturing and non-flammable solid-state cell technology currently under development. Our goal is to develop technology to deliver environmentally impactful solutions for energy storage to everyone globally.
In its own words, from its 10-K, filed Mar 30, 2026.
Dragonfly Energy Holdings against its Miscellaneous Electrical Machinery, Equipment & Supplies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -19% against the peers' median +8%. Operating margin: -22.0% against the peers' median 2.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| DFLI Dragonfly Energy Holdings | Q2 2026 | $13.2M | -19% | -22.0% |
| ENS EnerSys | Q1 FY27 | $936M | +5% | 16.2% |
| ATKR Atkore | Q3 FY26 | $795M | +8% | 8.1% |
| SPB Spectrum Brands Holdings | Q3 FY26 | $753M | +8% | 2.1% |
| ENR Energizer Holdings | Q3 FY26 | $734M | +1% | 6.8% |
| FLNC Fluence Energy | Q3 FY26 | $650M | +8% | -6.7% |
| NOVT Novanta | Q2 2026 | $266M | +10% | 6.8% |
| CHPT ChargePoint Holdings | Q2 FY27 | $116M | +18% | -29.3% |
| MVST Microvast Holdings | Q2 2026 | $87.3M | -4% | -2.0% |
Source: Dragonfly Energy Holdings 10-Q on SEC EDGAR · CIK 1847986 · Miscellaneous Electrical Machinery, Equipment & Supplies
13F: who owns DFLI and who is buying
More on DFLI
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results