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% on a QoQ basis from 29.66% in Q3 2025.
Dragonfly Energy Holdings (DFLI) has 4 years of Gross Margin data on file, last reported at 18.21% in Q4 2025.
- Quarterly Gross Margin fell 257.0% year-over-year to 18.21% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 26.69% (up 373.0% YoY) and the FY2025 annual result came in at 26.69%, up 373.0% from the prior year.
- Gross Margin retreated to 18.21% in Q4 2025 per DFLI's latest filing, from 29.66% in the prior quarter.
- Across five years, Gross Margin topped out at 32.5% in Q2 2022 and bottomed at 18.21% in Q4 2025.
- The 4-year median for Gross Margin is 24.62% (2024), against an average of 25.17%.
- The widest annual swing landed in 2023, when Gross Margin tumbled 1214 bps; it then surged 710 bps in 2025.
- Tracing DFLI's Gross Margin over 4 years: stood at 20.08% in 2022, then climbed by 8 bps to 21.62% in 2023, then slipped by 4 bps to 20.78% in 2024, then slipped by 12 bps to 18.21% in 2025.
- Per Business Quant, the three latest DFLI Gross Margin figures stand at 18.21% (Q4 2025), 29.66% (Q3 2025), and 28.34% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 37.73% |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 30.03% |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 35.88% |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 33.32% |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 39.32% |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 29.65% |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 49.29% |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 29.44% |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -13.21% |
| 10 | Dragonfly Energy Holdings | 1.98 Mn | -16.29 Mn | 2.38 Mn | 18.21% |
Historic Data
Download 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% |