Dragonfly Energy Holdings (DFLI) Gross Margin (2022 - 2025)
Dragonfly Energy Holdings' Gross Margin was 18.21% in Q4 2025, down 2.57 percentage points from 20.78% a year earlier and down 11.45 percentage points from the prior quarter.
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Analysis
Dragonfly Energy Holdings (DFLI) Gross Margin (2022 - 2025) Analysis & Trends
For FY2025, Gross Margin at Dragonfly Energy Holdings came in at 26.69%, up 3.73 percentage points from FY2024.
- Gross Margin shows a four-year change of -11.29 percentage points (FY2021 to FY2025).
- In earlier years, Gross Margin was 22.96% in FY2024 (-1.03 pp), 23.99% in FY2023 (-3.40 pp), 27.38% in FY2022 (-10.60 pp) and 37.98% in FY2021.
- The Q4 2025 figure marks the lowest quarterly Gross Margin in data going back to Q1 2022.
- Compared with a year earlier, Gross Margin was higher in four of the last eight quarters, with an average year-over-year change of +1.23 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q3 2025 (a gain of 7.10 percentage points); the worst was Q2 2023 (a drop of 12.14 percentage points).
- Per Business Quant data, DFLI's Gross Margin in the three quarters before Q4 2025 was 29.66% (Q3 2025), 28.34% (Q2 2025) and 29.41% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 49.89% |
| 10 | Dragonfly Energy Holdings | 4.11 Mn | -23.53 Mn | 2.38 Mn | 18.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 18.21% |
| Sep 30, 2025 | 29.66% |
| Jun 30, 2025 | 28.34% |
| Mar 31, 2025 | 29.41% |
| Dec 31, 2024 | 20.78% |
| Sep 30, 2024 | 22.56% |
| Jun 30, 2024 | 23.98% |
| Mar 31, 2024 | 24.40% |
| Dec 31, 2023 | 21.62% |
| Sep 30, 2023 | 28.94% |
| Jun 30, 2023 | 20.36% |
| Mar 31, 2023 | 24.84% |
| Dec 31, 2022 | 20.08% |
| Sep 30, 2022 | 26.95% |
| Jun 30, 2022 | 32.50% |
| Mar 31, 2022 | 30.02% |
API Access
Dragonfly Energy Holdings Gross Margin 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=gross-margin&ticker=DFLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=DFLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();