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% quarter-over-quarter 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.
- Operating Expenses for Q4 2025 came in at $12.6 million, up 29.9% year-over-year; the trailing twelve-month figure through Dec 2025 was $38.8 million (up 3.84% YoY), and the FY2025 annual result was $38.8 million, up 3.84% from the prior year.
- Operating Expenses advanced to $12.6 million in Q4 2025 per DFLI's latest filing, from $8.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $32.9 million in Q4 2022 and troughed at $834.0 in Q2 2021.
- A 5-year average of $10.5 million and a median of $9.7 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 905895.2% in 2022, then plunged 83.75% in 2023.
- A 5-year view of Operating Expenses shows it stood at $23.1 million in 2021, then jumped by 42.82% to $32.9 million in 2022, then slumped by 83.75% to $5.4 million in 2023, then soared by 80.86% to $9.7 million in 2024, then climbed by 29.9% to $12.6 million in 2025.
- Business Quant data shows DFLI's Operating Expenses at $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 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 451.80 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 153.35 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 249.90 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 241.50 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 132.60 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 30.13 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 16.90 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 387.40 Mn |
| 10 | Dragonfly Energy Holdings | 1.78 Mn | -16.49 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 |