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Energy Vault Holdings vs Dragonfly Energy Holdings: NRGV and DFLI compared
Energy Vault Holdings is the larger company: $17.4M of revenue in its latest quarter (Q2 2026) against $13.2M for Dragonfly Energy Holdings (Q2 2026). Energy Vault Holdings is growing faster (+104% against -19% a year earlier). Dragonfly Energy Holdings is more profitable, with an operating margin of -22.0% against -142.0%.
Where the money goes: NRGV and DFLI
Energy Vault Holdings (NRGV) · Q2 2026
Energy Vault Holdings, Q2 2026: revenue $17.4M (+104% year over year), operating margin -142.0%, net loss $29.7M, operating cash flow −$30.6M. The chart follows the revenue to costs, profit and cash.
Dragonfly Energy Holdings (DFLI) · Q2 2026
Dragonfly Energy Holdings, Q2 2026: revenue $13.2M (-19% year over year), operating margin -22.0%, net loss $4.4M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Energy Vault Holdings (NRGV) | Dragonfly Energy Holdings (DFLI) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $17.4M | $13.2M |
| Revenue growth, Y/Y | +104% | -19% |
| Operating margin | -142.0% | -22.0% |
| Net earnings | −$29.7M | −$4.4M |
| Net margin | -170.9% | -33.3% |
| Operating cash flow | −$30.6M | −$1.9M |
Where the revenue comes from
Dragonfly Energy Holdings
- Original Equipment Manufacturers: $8.4M (64%)
- Direct to Consumers: $4.5M (34%)
- Other: $250K (2%)
- Original Equipment Manufacturers Segment: $4K (0%)
Questions
Which is bigger, Energy Vault Holdings or Dragonfly Energy Holdings?
Energy Vault Holdings is the larger company: $17.4M of revenue in its latest quarter (Q2 2026) against $13.2M for Dragonfly Energy Holdings (Q2 2026).
Is Energy Vault Holdings or Dragonfly Energy Holdings growing faster?
Energy Vault Holdings is growing faster (+104% against -19% a year earlier).
Which is more profitable, Energy Vault Holdings or Dragonfly Energy Holdings?
Dragonfly Energy Holdings is more profitable, with an operating margin of -22.0% against -142.0%.
More: Energy Vault Holdings earnings · how Energy Vault Holdings makes money · Dragonfly Energy Holdings earnings · how Dragonfly Energy Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.