Filing Flows › Dragonfly Energy Holdings (DFLI) › Q1 2026
Dragonfly Energy Holdings (DFLI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Dragonfly Energy Holdings (DFLI) reported revenue of $9.7M for the first quarter 2026 (Q1 2026), -27% from a year earlier and -26% from the quarter before. Operating margin was -59.0%, net loss $6.6M (68.3% of revenue).
Dragonfly Energy Holdings, Q1 2026: revenue $9.7M (-27% year over year), operating margin -59.0%, net loss $6.6M, operating cash flow −$8.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.7M | -26% | -27% |
| Operating profit | −$5.7M | — | — |
| Net earnings | −$6.6M | — | — |
| Operating cash flow | −$8.8M | — | — |
What changed
Revenue was $9.7M in Q1 2026, down 27% year over year and down 26% from the previous quarter. Original Equipment Manufacturers was the largest line at 59% of revenue. Original Equipment Manufacturers lost $2.3M year over year (down 29%), 64% of the total change.
Gross margin was 17.6%, down 11.8 points from Q1 2025. Operating costs exceeded revenue by $5.7M, an operating margin of -59.0%. Operating expenses fell 24% while revenue fell 27%. The quarter ended with a net loss of $6.6M, narrower than the previous quarter's $45.0M loss.
Operating cash flow was −$8.8M. Non-cash charges added back $794K of depreciation and amortization and $100K of share-based compensation. Working capital and other items used $3.1M. Capital expenditures of $279K exceeded it, leaving free cash flow of −$9.1M.
Questions
What was Dragonfly Energy Holdings' revenue in the first quarter 2026?
Dragonfly Energy Holdings (DFLI) reported revenue of $9.7M for the first quarter 2026 (Q1 2026), -27% from a year earlier and -26% from the quarter before.
Was Dragonfly Energy Holdings profitable in the first quarter 2026?
Operating loss was $5.7M (-59.0% of revenue) and net loss $6.6M.