Dragonfly Energy Holdings (DFLI) Operating Expenses (2021 - 2025)
Dragonfly Energy Holdings (DFLI) reported Operating Expenses of $12.58 million for Q4 2025, up 29.9% from $9.68 million a year earlier and up 47.7% from the prior quarter.
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Analysis
Dragonfly Energy Holdings (DFLI) Operating Expenses (2021 - 2025) Analysis & Trends
For FY2025, Dragonfly Energy Holdings posted Operating Expenses of $38.82 million, up 3.8% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 727.6% (FY2020 to FY2025).
- By year, Operating Expenses came in at $37.39 million in FY2024 (-12.8%), $42.88 million in FY2023 (-26.1%), $58 million in FY2022 (+150.5%) and $23.16 million in FY2021.
- The Q4 2025 figure ranks as the highest quarterly Operating Expenses since Q1 2023.
- Year over year, Operating Expenses gained in three of the last eight quarters, with growth averaging 2.8%.
- The high point for year-over-year Operating Expenses in five years was Q1 2023 (growth of 106.3%); the low point was Q4 2023 (a decline of 83.7%).
- Per Business Quant data, the three quarters before Q4 2025 came in at $8.51 million (Q3 2025), $7.89 million (Q2 2025) and $9.84 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 173.34 Mn |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 154.62 Mn |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 811.92 Mn |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 311.38 Mn |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 144.95 Mn |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | 151.24 Mn |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 123.50 Mn |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 115.20 Mn |
| 10 | Dragonfly Energy Holdings | 4.11 Mn | -23.53 Mn | 2.38 Mn | 12.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Dragonfly Energy Holdings Operating Expenses 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=operating-expenses&ticker=DFLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=DFLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();