Filing Flows › Dragonfly Energy Holdings (DFLI) › Q2 2025
Dragonfly Energy Holdings (DFLI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Dragonfly Energy Holdings (DFLI) reported revenue of $16.2M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +22% from the quarter before. Operating margin was -20.2%, net loss $7.0M (43.3% of revenue).
Dragonfly Energy Holdings, Q2 2025: revenue $16.2M (+23% year over year), operating margin -20.2%, net loss $7.0M, operating cash flow −$3.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.2M | +22% | +23% |
| Operating profit | −$3.3M | — | — |
| Net earnings | −$7.0M | — | — |
| Operating cash flow | −$3.4M | — | — |
What changed
Revenue was $16.2M in Q2 2025, up 23% year over year and up 22% from the previous quarter. Original Equipment Manufacturers was the largest line at 62% of revenue. Original Equipment Manufacturers added $3.4M year over year (up 51%), 111% of the total change. Direct to Consumers declined 9%.
Gross margin was 28.3%, up 4.4 points from a year earlier. Operating costs exceeded revenue by $3.3M, an operating margin of -20.2%. Operating expenses fell 20% while revenue rose 23%. The quarter ended with a net loss of $7.0M, wider than the previous quarter's $6.8M loss. Net interest and other expense of $3.8M was the main reason.
Operating cash flow was −$3.4M. Non-cash charges added back $491K of depreciation and amortization and $190K of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $843K exceeded it, leaving free cash flow of −$4.2M.
Questions
What was Dragonfly Energy Holdings' revenue in the second quarter 2025?
Dragonfly Energy Holdings (DFLI) reported revenue of $16.2M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +22% from the quarter before.
Was Dragonfly Energy Holdings profitable in the second quarter 2025?
Operating loss was $3.3M (-20.2% of revenue) and net loss $7.0M.