Filing Flows › Dragonfly Energy Holdings (DFLI) › Q4 2024
Dragonfly Energy Holdings (DFLI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Dragonfly Energy Holdings (DFLI) reported revenue of $12.2M for the fourth quarter 2024 (Q4 2024), +17% from a year earlier and -4% from the quarter before. Operating margin was -58.5%, net loss $9.8M (80.6% of revenue).
Dragonfly Energy Holdings, Q4 2024: revenue $12.2M (+17% year over year), operating margin -58.5%, net loss $9.8M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.2M | -4% | +17% |
| Operating profit | −$7.1M | — | — |
| Net earnings | −$9.8M | — | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $12.2M in Q4 2024, up 17% year over year and down 4% from the previous quarter.
Gross margin was 20.8%, down 0.8 points from a year earlier. Operating costs exceeded revenue by $7.1M, an operating margin of -58.5%. Operating expenses grew 81% against revenue growth of 17%. The fastest-growing cost line was General & admin (+115%). The quarter ended with a net loss of $9.8M, wider than the previous quarter's $6.8M loss.
Operating cash flow was −$2.5M. Non-cash charges added back $381K of depreciation and amortization and $261K of share-based compensation. Working capital and other items added $6.7M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$3.5M.
Questions
What was Dragonfly Energy Holdings' revenue in the fourth quarter 2024?
Dragonfly Energy Holdings (DFLI) reported revenue of $12.2M for the fourth quarter 2024 (Q4 2024), +17% from a year earlier and -4% from the quarter before.
Was Dragonfly Energy Holdings profitable in the fourth quarter 2024?
Operating loss was $7.1M (-58.5% of revenue) and net loss $9.8M.