Dragonfly Energy Holdings (DFLI) Gross Margin (2022 - 2025)

Dragonfly Energy Holdings (DFLI) reported Gross Margin of 18.21% for Q4 2025, down 257.0% year-over-year from 11.6% in Q4 2024, and down 38.61% quarter-over-quarter from 29.66% in Q3 2025.

Dragonfly Energy Holdings (DFLI) Gross Margin (2022 - 2025) Analysis & Trends

Dragonfly Energy Holdings (DFLI) has 4 years of Gross Margin data on file, last reported at 18.21% in Q4 2025.

  • Gross Margin for Q4 2025 came in at 18.21%, down 257.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 26.69% (up 373.0% YoY), and the FY2025 annual result was 26.69%, up 373.0% from the prior year.
  • Gross Margin fell to 18.21% in Q4 2025 per DFLI's latest filing, from 29.66% in the prior quarter.
  • Over five years, Gross Margin peaked at 32.5% in Q2 2022 and troughed at 18.21% in Q4 2025.
  • A 4-year average of 25.17% and a median of 24.62% in 2024 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2023 and 2025: Gross Margin sank 1214 bps in 2023, then jumped 710 bps in 2025.
  • A 4-year view of Gross Margin shows it stood at 20.08% in 2022, then increased by 8 bps to 21.62% in 2023, then declined by 4 bps to 20.78% in 2024, then declined by 12 bps to 18.21% in 2025.
  • Business Quant data shows DFLI's Gross Margin at 18.21% in Q4 2025, 29.66% in Q3 2025, and 28.34% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 37.73%
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 30.03%
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 35.88%
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 33.32%
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 39.32%
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 29.65%
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 16.77%
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 49.29%
10 Dragonfly Energy Holdings 1.78 Mn -16.49 Mn 2.38 Mn 18.21%

Historic Data

Download Data
DateValue
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%