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

Dragonfly Energy Holdings (DFLIW) 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 (DFLIW) Operating Expenses (2021 - 2025) Analysis & Trends

Dragonfly Energy Holdings (DFLIW) 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 DFLIW'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 DFLIW'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 395.03 Bn 394.98 Bn - -
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 451.80 Mn
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 153.35 Mn
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 249.90 Mn
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 241.50 Mn
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 132.60 Mn
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn 16.90 Mn
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn 30.13 Mn
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 387.40 Mn
10 Dragonfly Energy Holdings - - 2.38 Mn 12.58 Mn

Historic Data

Download Data
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