Dragonfly Energy Holdings (DFLI) Debt Ratio (2021 - 2025)
Dragonfly Energy Holdings' (DFLI) Debt Ratio stood at 0.11 in Q4 2025, down 71.7% from 0.39 a year earlier and down 81.9% from the prior quarter.
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Analysis
Dragonfly Energy Holdings (DFLI) Debt Ratio (2021 - 2025) Analysis & Trends
Starting with Q2 2021, Dragonfly Energy Holdings' Debt Ratio history includes 16 quarters.
- Across earlier years, Debt Ratio came in at 0.39 in FY2024 (+50.6%), 0.26 in FY2023 (+21.2%), 0.22 in FY2022 (-57.7%) and 0.51 in FY2021.
- The Q4 2025 figure is the lowest quarterly Debt Ratio since Q3 2022.
- On a year-over-year basis, Debt Ratio rose in seven of the last eight quarters, with growth averaging 42.0%.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 111.5% in Q3 2025, against a decline of 71.7% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.62 (Q3 2025), 0.54 (Q2 2025) and 0.45 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 0.03 |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 0.00 |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 0.00 |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 0.46 |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 0.23 |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | - |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | 0.26 |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 0.20 |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 0.13 |
| 10 | Dragonfly Energy Holdings | 4.11 Mn | -23.53 Mn | 2.38 Mn | 0.11 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.11 |
| Sep 30, 2025 | 0.62 |
| Jun 30, 2025 | 0.54 |
| Mar 31, 2025 | 0.45 |
| Dec 31, 2024 | 0.39 |
| Sep 30, 2024 | 0.29 |
| Jun 30, 2024 | 0.26 |
| Mar 31, 2024 | 0.25 |
| Dec 31, 2023 | 0.26 |
| Sep 30, 2023 | 0.23 |
| Jun 30, 2023 | 0.22 |
| Mar 31, 2023 | 0.24 |
| Dec 31, 2022 | 0.22 |
| Sep 30, 2022 | 0.01 |
| Dec 31, 2021 | 0.51 |
| Jun 30, 2021 | 0.86 |
API Access
Dragonfly Energy Holdings Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=DFLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "DFLI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=DFLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();