Dragonfly Energy sets $13M revenue goal for Q4 2025 after debt restructuring and OEM growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2025
0mins
Should l Buy DFLI?
Source: SeekingAlpha
Management Insights: Dragonfly Energy reported a 26% year-over-year revenue growth to $16 million in Q3 2025, with significant improvements in gross margin and a successful debt restructuring that enhanced liquidity and financial stability.
OEM Partnerships and Growth: The company expanded its OEM partnerships in the RV and heavy-duty trucking markets, with notable collaborations that position its products as standard solutions, indicating strong momentum in these sectors.
Financial Performance and Outlook: Despite a net loss of $11.1 million, the company anticipates approximately $13 million in net sales for Q4 2025, while acknowledging macroeconomic challenges and a cautious outlook for the near term.
Risks and Strategic Focus: Management highlighted risks from macroeconomic uncertainties and government shutdown impacts, while emphasizing a strategic focus on OEM expansion and leveraging a strengthened balance sheet to drive growth initiatives.
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Analyst Views on DFLI
Wall Street analysts forecast DFLI stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.070
Low
15.00
Averages
18.75
High
22.50
Current: 2.070
Low
15.00
Averages
18.75
High
22.50
About DFLI
Dragonfly Energy Holdings Corp. is a lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. It offers several lines of batteries across its two brands, namely Battle Born Batteries and Wakespeed. Through its Battle Born Batteries brand, the Company provides battery packs through original equipment manufacturers (OEMs) and a diverse retail customer base. In domestic lithium battery cell production, its dry electrode manufacturing process offers chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. Battle Born Batteries branded products are sold to direct-to-consumers (DTC), while the Dragonfly Energy brand is primarily sold to OEMs. To supplement its battery offerings, the Company is also a reseller of accessories for battery systems. These include chargers, inverters, monitors, controllers, and other system accessories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Dragonfly Energy Secures Second Round of Funding for Battery Innovation
- Funding Support: Dragonfly Energy has secured a $527,000 award from the Nevada Tech Hub to expand its in-house cylindrical cell prototyping and testing capabilities, thereby accelerating battery R&D and validation cycles while enhancing integration with its core pack business.
- Technological Innovation: The funding will facilitate the acquisition of specialized equipment for producing cylindrical lithium battery cell prototypes and establishing advanced validation systems to evaluate performance, qualify new materials and suppliers, thus driving next-generation product development and enhancing market competitiveness.
- Strategic Integration: By enhancing prototyping and testing infrastructure, Dragonfly Energy is further integrating its battery pack expertise with cell development, creating an efficient feedback loop between lab research, manufacturing, and field performance, which significantly boosts overall production efficiency.
- Industry Impact: The project is expected to run from Q2 2026 through Q2 2027, supported by an additional internal investment of approximately $432,000, further contributing to the development of Nevada's battery innovation ecosystem and fostering collaboration among industry, supply chain partners, and academic institutions.
See More
Dragonfly Energy to Release Q1 2026 Financial Results
- Earnings Release Schedule: Dragonfly Energy plans to announce its financial and operational results for Q1 2026 after market close on May 14, 2026, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Details: Following the earnings release, the company will host a conference call at 4:30 PM ET on the same day, allowing investors to participate via a designated phone number or live webcast link, ensuring timely information dissemination.
- Technological Leadership: Dragonfly Energy focuses on lithium battery technology and has established a strong market position across various applications through its patented dry electrode manufacturing process, highlighting its strategic importance in the clean energy sector.
- Future Outlook: The company will discuss future operational and financial expectations in its earnings report, reflecting a proactive stance towards market opportunities despite facing uncertainties and risk factors.
See More
Dragonfly Energy Secures Patent Approval in Japan
- Patent Approval Milestone: Dragonfly Energy has received approval for its patent application regarding 'powderized solid-state electrolyte and electroactive materials' in Japan, marking the company's first patent allowance in the country and expected to drive advancements in solid-state battery technology.
- Core Technology Innovation: The allowed patent covers innovations in powderized solid-state electrolytes and electroactive materials, which are essential components of the company's solid-state battery development and dry electrode manufacturing platform, further solidifying its technological edge.
- Global IP Portfolio Enhancement: CEO Denis Phares stated that this milestone strengthens the company's global intellectual property portfolio around dry electrode manufacturing and all-solid-state cell development, enhancing its competitive position in the market.
- Positive Market Reaction: Following the announcement, Dragonfly Energy's stock rose by 11.9% in pre-market trading, reflecting investor optimism regarding the company's future growth potential.
See More
Dragonfly Energy Secures Patent Allowance in Japan
- Patent Breakthrough: Dragonfly Energy has received allowance for its patent application titled 'Powderized Solid-State Electrolyte and Electroactive Materials' in Japan, marking the company's first patent approval in the country and further strengthening its global intellectual property portfolio in battery technology.
- Technological Innovation: The allowed patent covers innovations aimed at enabling scalable, solvent-free electrode production, which not only enhances safety and energy density but also improves manufacturing efficiency, thereby supporting the company's solid-state battery development and dry electrode manufacturing platform.
- Market Strategy: Securing patent protection in Japan, a key market for advanced battery innovation, bolsters the company's long-term strategy to commercialize next-generation battery technologies, which is expected to enhance its competitiveness and market share in global energy storage markets.
- Leadership Insight: CEO Dr. Denis Phares stated that this milestone patent allowance simplifies cell production while advancing performance and safety, aligning with critical needs for the future of battery manufacturing.
See More
Dragonfly Energy Secures $3 Million Order from Stevens Transport
- Large Order Scale: Stevens Transport has placed a purchase order exceeding $3 million with Dragonfly Energy, covering nearly 500 trucks with deliveries expected throughout 2026, indicating strong growth potential for the company in the heavy-duty trucking market.
- Comprehensive Technology Adoption: The order encompasses Dragonfly Energy's full heavy-duty trucking product portfolio, including efficient LiFePO4 battery systems designed to reduce idling, enhance driver comfort, and lower total cost of ownership, reflecting strong market demand for its integrated lithium-based solutions.
- Sustained Growth Momentum: The implementation of this order is expected to generate significant revenue for the company in the commercial fleet segment, further solidifying its position in this key market while demonstrating customer confidence and recognition of its technology.
- Deepening Strategic Partnership: This order continues the ongoing collaboration with Stevens Transport, marking a successful transition from initial deployments to scaled fleet adoption, signaling broader applications of hybrid electrification strategies in the future.
See More
DRAGONFLY ENERGY HOLDINGS CORP - ORDER ANTICIPATED TO GENERATE SIGNIFICANT REVENUE THROUGH 2026
- Company Overview: Dragonfly Energy Holdings Corp is expected to generate significant revenue through 2026.
- Revenue Expectations: The company anticipates meaningful contributions to its revenue stream during this period.
See More
Dragonfly Energy Secures Second Round of Funding for Battery Innovation
- Funding Support: Dragonfly Energy has secured a $527,000 award from the Nevada Tech Hub to expand its in-house cylindrical cell prototyping and testing capabilities, thereby accelerating battery R&D and validation cycles while enhancing integration with its core pack business.
- Technological Innovation: The funding will facilitate the acquisition of specialized equipment for producing cylindrical lithium battery cell prototypes and establishing advanced validation systems to evaluate performance, qualify new materials and suppliers, thus driving next-generation product development and enhancing market competitiveness.
- Strategic Integration: By enhancing prototyping and testing infrastructure, Dragonfly Energy is further integrating its battery pack expertise with cell development, creating an efficient feedback loop between lab research, manufacturing, and field performance, which significantly boosts overall production efficiency.
- Industry Impact: The project is expected to run from Q2 2026 through Q2 2027, supported by an additional internal investment of approximately $432,000, further contributing to the development of Nevada's battery innovation ecosystem and fostering collaboration among industry, supply chain partners, and academic institutions.
See More
Dragonfly Energy to Release Q1 2026 Financial Results
- Earnings Release Schedule: Dragonfly Energy plans to announce its financial and operational results for Q1 2026 after market close on May 14, 2026, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Details: Following the earnings release, the company will host a conference call at 4:30 PM ET on the same day, allowing investors to participate via a designated phone number or live webcast link, ensuring timely information dissemination.
- Technological Leadership: Dragonfly Energy focuses on lithium battery technology and has established a strong market position across various applications through its patented dry electrode manufacturing process, highlighting its strategic importance in the clean energy sector.
- Future Outlook: The company will discuss future operational and financial expectations in its earnings report, reflecting a proactive stance towards market opportunities despite facing uncertainties and risk factors.
See More
Dragonfly Energy Secures Patent Approval in Japan
- Patent Approval Milestone: Dragonfly Energy has received approval for its patent application regarding 'powderized solid-state electrolyte and electroactive materials' in Japan, marking the company's first patent allowance in the country and expected to drive advancements in solid-state battery technology.
- Core Technology Innovation: The allowed patent covers innovations in powderized solid-state electrolytes and electroactive materials, which are essential components of the company's solid-state battery development and dry electrode manufacturing platform, further solidifying its technological edge.
- Global IP Portfolio Enhancement: CEO Denis Phares stated that this milestone strengthens the company's global intellectual property portfolio around dry electrode manufacturing and all-solid-state cell development, enhancing its competitive position in the market.
- Positive Market Reaction: Following the announcement, Dragonfly Energy's stock rose by 11.9% in pre-market trading, reflecting investor optimism regarding the company's future growth potential.
See More
Dragonfly Energy Secures Patent Allowance in Japan
- Patent Breakthrough: Dragonfly Energy has received allowance for its patent application titled 'Powderized Solid-State Electrolyte and Electroactive Materials' in Japan, marking the company's first patent approval in the country and further strengthening its global intellectual property portfolio in battery technology.
- Technological Innovation: The allowed patent covers innovations aimed at enabling scalable, solvent-free electrode production, which not only enhances safety and energy density but also improves manufacturing efficiency, thereby supporting the company's solid-state battery development and dry electrode manufacturing platform.
- Market Strategy: Securing patent protection in Japan, a key market for advanced battery innovation, bolsters the company's long-term strategy to commercialize next-generation battery technologies, which is expected to enhance its competitiveness and market share in global energy storage markets.
- Leadership Insight: CEO Dr. Denis Phares stated that this milestone patent allowance simplifies cell production while advancing performance and safety, aligning with critical needs for the future of battery manufacturing.
See More
Dragonfly Energy Secures $3 Million Order from Stevens Transport
- Large Order Scale: Stevens Transport has placed a purchase order exceeding $3 million with Dragonfly Energy, covering nearly 500 trucks with deliveries expected throughout 2026, indicating strong growth potential for the company in the heavy-duty trucking market.
- Comprehensive Technology Adoption: The order encompasses Dragonfly Energy's full heavy-duty trucking product portfolio, including efficient LiFePO4 battery systems designed to reduce idling, enhance driver comfort, and lower total cost of ownership, reflecting strong market demand for its integrated lithium-based solutions.
- Sustained Growth Momentum: The implementation of this order is expected to generate significant revenue for the company in the commercial fleet segment, further solidifying its position in this key market while demonstrating customer confidence and recognition of its technology.
- Deepening Strategic Partnership: This order continues the ongoing collaboration with Stevens Transport, marking a successful transition from initial deployments to scaled fleet adoption, signaling broader applications of hybrid electrification strategies in the future.
See More
DRAGONFLY ENERGY HOLDINGS CORP - ORDER ANTICIPATED TO GENERATE SIGNIFICANT REVENUE THROUGH 2026
- Company Overview: Dragonfly Energy Holdings Corp is expected to generate significant revenue through 2026.
- Revenue Expectations: The company anticipates meaningful contributions to its revenue stream during this period.
See More
