LinkedIn
WebsiteIntroduction to Dragonfly Energy Holdings Corp
Dragonfly Energy Holdings Corp (NASDAQ: DFLI) is a U.S.-based designer and manufacturer of lithium iron phosphate (LiFePO4) battery packs and energy storage systems. The company focuses on domestic production, emphasizing innovation in its American battery manufacturing facility, and integrates automation, quality control, and proprietary processes. Dragonfly's product lines support Original Equipment Manufacturers (OEMs) across recreational vehicles, heavy-duty trucking, industrial solar integration, off-grid residential, and marine sectors.
Corporate Structure and Workforce
According to its LinkedIn profile, Dragonfly Energy operates with 51â200 employees. The company reports over ten years of research and development, backed by approximately 100 granted, filed, and pending patents. Under the leadership of CEO Dr. Denis Phares, Dragonfly has supplied more than 400,000 battery packs and achieved an average annual OEM growth rate of 179 percent since 2021. Since that year, cumulative revenue has exceeded USD 225 million.
Battery Technology by Mika Baumeister
Developments and News
- On September 5, 2025, Dragonfly Energy filed a preliminary proxy statement (Form PRE 14A) with the U.S. Securities and Exchange Commission.
- On September 15, 2025, the company submitted its Annual Report to Security Holders (Form ARS) and definitive proxy materials (Form DEF 14A).
- On October 2, 2025, DFLI shares closed at USD 1.53, marking a 42.99 percent increase on trading volume of 7,110,635 shares. The trading range for that day spanned from USD 0.6750 to USD 1.1300, within a 52-week range of USD 0.1500 to USD 5.7780.
- In October 2025, Dragonflyâs CEO addressed the Nevada Tech Hub, discussing the companyâs domestic production of Battle Born⢠lithium batteries.
Financial and Strategic Analysis
As of October 2, 2025, Dragonfly Energyâs trailing twelve-month (TTM) revenue was reported at USD 54.54 million, while net income was negative at USD 30.45 million, resulting in a profit margin of â55.84 percent. Diluted EPS for the period was â3.76. Key financial metrics include:
| Metric | Value |
|---|---|
| Market Capitalization | USD 66.06 million |
| Enterprise Value | USD 127.18 million |
| Price/Sales (TTM) | 0.16 |
| EV/Revenue | 2.33 |
| Total Cash (MRQ) | USD 2.73 million |
| Levered Free Cash Flow (TTM) | âUSD 11.23 million |
Strategically, Dragonfly has invested in a proprietary dry electrode cell manufacturing process that is chemistry-agnostic and eliminates toxic NMP solvents. The company claims a 9 percent reduction in COâ emissions and a 25 percent decrease in energy consumption compared with traditional wet-slurry techniques. Its integrated systems approach combines battery packs with ancillary components to provide comprehensive power solutions.
Market Position and Industry Context
In North America's energy storage sector, Dragonfly Energy operates within a market that prioritizes demand for reliable battery systems. The LiFePO4 chemistry is noted for its safety advantages compared to lead-acid alternatives, and domestic production aligns with supply chain preferences for American-made components. The Battle Born⢠brand is recognized in RV, marine, and industrial applications, supporting Dragonfly's role as both an OEM supplier and a systems integrator. Current industry trends favor battery manufacturers that can illustrate low carbon footprints, cost-effective production processes, and adaptable cell designs for varied markets.
tl;dr
On October 2, 2025, Dragonfly Energyâs stock increased by 42.99 percent to USD 1.53 on approximately 7.1 million shares traded. The company filed SEC proxy statements and its annual report in mid-September 2025. Financially, TTM revenue was USD 54.54 million with a net loss of USD 30.45 million; the company reported cash reserves of USD 2.73 million. Dragonfly continues to develop a domestic dry electrode process and expand OEM partnerships across various sectors, consistent with U.S. energy storage goals.
