Dragonfly Energy Holdings (DFLI) Research & Development (2022 - 2025)
Dragonfly Energy Holdings' Research & Development was $704,000 in Q4 2025, down 26.4% from $956,000 a year earlier but up 20.3% from the prior quarter.
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Analysis
Dragonfly Energy Holdings (DFLI) Research & Development (2022 - 2025) Analysis & Trends
For FY2025, Research & Development at Dragonfly Energy Holdings came in at $2.98 million, down 45.3% from FY2024.
- Research & Development shows a four-year compound annual growth rate of 2.6% (FY2021 to FY2025).
- In earlier years, Research & Development was $5.45 million in FY2024 (+41.1%), $3.86 million in FY2023 (+39.8%), $2.76 million in FY2022 (+2.8%) and $2.69 million in FY2021.
- Quarterly Research & Development has moved between $339,000 (Q1 2022) and $1.63 million (Q3 2024) over five years.
- Compared with a year earlier, Research & Development has declined for four straight quarters, with growth averaging 2.8% over the last eight quarters.
- The best year-over-year quarter for Research & Development over five years was Q1 2023 (growth of 159.6%); the worst was Q3 2025 (a decline of 64.1%).
- Per Business Quant data, DFLI's Research & Development in the three quarters before Q4 2025 was $585,000 (Q3 2025), $692,000 (Q2 2025) and $1 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 247.82 Bn | 207.74 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 67.62 Bn | 59.41 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 18.74 Bn | 9.69 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.50 Bn | 10.80 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Nextpower | 12.21 Bn | 8.10 Bn | 335.85 Mn | 44.51 Mn |
| 6 | Generac Holdings | 11.79 Bn | 10.62 Bn | 521.81 Mn | 65.78 Mn |
| 7 | EnerSys | 6.27 Bn | 4.47 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.26 Bn | -596.06 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.75 Bn | 1.59 Bn | 133.10 Mn | 10.10 Mn |
| 10 | Dragonfly Energy Holdings | 1.70 Mn | -25.94 Mn | 2.38 Mn | 704,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 704,000.00 |
| Sep 30, 2025 | 585,000.00 |
| Jun 30, 2025 | 692,000.00 |
| Mar 31, 2025 | 1.00 Mn |
| Dec 31, 2024 | 956,000.00 |
| Sep 30, 2024 | 1.63 Mn |
| Jun 30, 2024 | 1.53 Mn |
| Mar 31, 2024 | 1.33 Mn |
| Dec 31, 2023 | 531,000.00 |
| Sep 30, 2023 | 1.39 Mn |
| Jun 30, 2023 | 1.07 Mn |
| Mar 31, 2023 | 880,000.00 |
| Dec 31, 2022 | 813,000.00 |
| Sep 30, 2022 | 753,000.00 |
| Jun 30, 2022 | 859,000.00 |
| Mar 31, 2022 | 339,000.00 |
API Access
Dragonfly Energy Holdings Research & Development 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=research-and-development&ticker=DFLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=DFLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();