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| 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 |