Dragonfly Energy Holdings (DFLI) Operating Expenses (2021 - 2025)
Dragonfly Energy Holdings (DFLI) posted quarterly 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 reported Operating Expenses for 5 consecutive years, with $12.6 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses rose 29.9% year-over-year to $12.6 million; the TTM figure through Dec 2025 stood at $38.8 million (up 3.84% YoY), while the FY2025 annual figure was $38.8 million, up 3.84% from the prior year.
- Operating Expenses rose 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.
- Historically, Operating Expenses has averaged $10.5 million across 5 years, with a median of $9.7 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 905895.2% — and 2023, when it plunged 83.75%.
- Dragonfly Energy Holdings' Operating Expenses stood at $23.1 million in 2021, then surged by 42.82% to $32.9 million in 2022, then tumbled by 83.75% to $5.4 million in 2023, then jumped by 80.86% to $9.7 million in 2024, then grew 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 490.50 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 173.34 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 257.30 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 264.40 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 141.00 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 413.10 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 31.00 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 151.24 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 72.69 Mn |
| 10 | Dragonfly Energy Holdings | 5.41 Mn | -12.86 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 |