Growth Metrics

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

Dragonfly Energy Holdings (DFLI) reported Operating Expenses of $12.6 million for Q4 2025, up 29.9% year-over-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) has 5 years of Operating Expenses data on file, last reported at $12.6 million in Q4 2025.

  • Quarterly Operating Expenses rose 29.9% year-over-year to $12.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $38.8 million (up 3.84% YoY) and the FY2025 annual result came in at $38.8 million, up 3.84% from the prior year.
  • Operating Expenses climbed to $12.6 million in Q4 2025 per DFLI's latest filing, from $8.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $32.9 million in Q4 2022 and bottomed at $834.0 in Q2 2021.
  • The 5-year median for Operating Expenses is $9.7 million (2024), against an average of $10.5 million.
  • The widest annual swing landed in 2022, when Operating Expenses surged 905895.2%; it then slumped 83.75% in 2023.
  • Tracing DFLI's Operating Expenses over 5 years: stood at $23.1 million in 2021, then surged by 42.82% to $32.9 million in 2022, then plunged by 83.75% to $5.4 million in 2023, then jumped by 80.86% to $9.7 million in 2024, then gained by 29.9% to $12.6 million in 2025.
  • Per Business Quant, the three latest DFLI Operating Expenses figures stand at $12.6 million (Q4 2025), $8.5 million (Q3 2025), and $7.9 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn 451.80 Mn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn 153.35 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn 249.90 Mn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn 241.50 Mn
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn 132.60 Mn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn 30.13 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn 387.40 Mn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn 19.72 Mn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn 87.88 Mn
10 Dragonfly Energy Holdings 1.98 Mn -16.29 Mn 2.38 Mn 12.58 Mn

Historic Data

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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