Filing Flows › Dragonfly Energy Holdings (DFLI) › Q1 2025
Dragonfly Energy Holdings (DFLI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 16, 2025
Dragonfly Energy Holdings (DFLI) reported revenue of $13.4M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +9% from the quarter before. Operating margin was -44.3%, net loss $6.8M (50.9% of revenue).
Dragonfly Energy Holdings, Q1 2025: revenue $13.4M (+7% year over year), operating margin -44.3%, net loss $6.8M, operating cash flow −$4.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.4M | +9% | +7% |
| Operating profit | −$5.9M | — | — |
| Net earnings | −$6.8M | — | — |
| Operating cash flow | −$4.5M | — | — |
What changed
Revenue was $13.4M in Q1 2025, up 7% year over year and up 9% from the previous quarter. Original Equipment Manufacturers was the largest line at 61% of revenue. Original Equipment Manufacturers added $788K year over year (up 11%), 93% of the total change. Direct to Consumers declined 4%.
Gross margin was 29.4%, up 5.0 points from a year earlier. Operating costs exceeded revenue by $5.9M, an operating margin of -44.3%. Operating expenses grew 11% against revenue growth of 7%. The fastest-growing cost line was General & admin (+32%). The quarter ended with a net loss of $6.8M, narrower than the previous quarter's $9.8M loss.
Operating cash flow was −$4.5M. Non-cash charges added back $859K of depreciation and amortization and $220K of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $778K exceeded it, leaving free cash flow of −$5.3M.
Questions
What was Dragonfly Energy Holdings' revenue in the first quarter 2025?
Dragonfly Energy Holdings (DFLI) reported revenue of $13.4M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +9% from the quarter before.
Was Dragonfly Energy Holdings profitable in the first quarter 2025?
Operating loss was $5.9M (-44.3% of revenue) and net loss $6.8M.