Dragonfly Energy Holdings (DFLI) Operating Expenses (2021 - 2025)

Dragonfly Energy Holdings' (DFLI) quarterly Operating Expenses came in at $12.6 million in Q4 2025, up 29.9% year-on-year from $9.7 million in Q4 2024, and up 47.73% on a QoQ basis from $8.5 million in Q3 2025.

Dragonfly Energy Holdings (DFLI) Operating Expenses (2021 - 2025) Analysis & Trends

Dragonfly Energy Holdings (DFLI) has 5 years of Operating Expenses data on file, last reported at $12.6 million in Q4 2025.

  • On a quarterly basis, Operating Expenses rose 29.9% year-over-year to $12.6 million in Q4 2025; TTM through Dec 2025 was $38.8 million, a 3.84% increase from a year earlier, with the FY2025 full-year figure at $38.8 million, up 3.84% from the prior year.
  • Operating Expenses for Q4 2025 stood at $12.6 million, up from $8.5 million in the prior quarter.
  • Over the last five years, Operating Expenses for DFLI reached as high as $32.9 million in Q4 2022 and fell as low as $834.0 in Q2 2021.
  • Historically, Operating Expenses has averaged $10.5 million across 5 years, with a median of $9.7 million in 2024.
  • Across the five-year window, Operating Expenses surged 905895.2% in 2022 and slumped 83.75% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $23.1 million in 2021, then jumped by 42.82% to $32.9 million in 2022, then tumbled by 83.75% to $5.4 million in 2023, then soared by 80.86% to $9.7 million in 2024, then rose by 29.9% to $12.6 million in 2025.
  • Per Business Quant data, the three most recent Operating Expenses figures were $12.6 million in Q4 2025, $8.5 million in Q3 2025, and $7.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 2.76 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 451.80 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 153.35 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 241.50 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 249.90 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 132.60 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 413.10 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 30.13 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 589.73 Mn
10 Dragonfly Energy Holdings 1.74 Mn -16.53 Mn 2.38 Mn 12.58 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 12.58 Mn
Sep 30, 2025 8.51 Mn
Jun 30, 2025 7.89 Mn
Mar 31, 2025 9.84 Mn
Dec 31, 2024 9.68 Mn
Sep 30, 2024 8.90 Mn
Jun 30, 2024 9.92 Mn
Mar 31, 2024 8.89 Mn
Dec 31, 2023 5.35 Mn
Sep 30, 2023 10.47 Mn
Jun 30, 2023 12.49 Mn
Mar 31, 2023 14.56 Mn
Dec 31, 2022 32.94 Mn
Sep 30, 2022 10.45 Mn
Jun 30, 2022 7.56 Mn
Mar 31, 2022 7.06 Mn
Dec 31, 2021 23.06 Mn
Sep 30, 2021 92,234.00
Jun 30, 2021 834.00