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Dragonfly Energy Holdings Corp. (DFLIW) Stock Fundamental Analysis & AI Rating 2026

DFLIW Nasdaq Miscellaneous Electrical Machinery, Equipment & Supplies NV CIK: 0001847986
Updated This Month • Analysis: Mar 23, 2026 • SEC Data: 2025-09-30
Combined AI Rating
STRONG SELL
94% Confidence
STRONG AGREEMENT
STRONG SELL
95% Conf
STRONG SELL
92% Conf

📊 DFLIW Key Takeaways

Revenue: $45.6M
Net Margin: -54.6%
Free Cash Flow: $-13.1M
Current Ratio: 1.34x
Debt/Equity: N/A
EPS: $-0.98
AI Rating: STRONG SELL with 95% confidence
Dragonfly Energy Holdings Corp. (DFLIW) receives a STRONG SELL rating with 94% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $45.6M, net profit margin of -54.6%, Dragonfly Energy Holdings Corp. demonstrates mixed fundamentals in the Utilities sector. Below is our complete DFLIW stock analysis for 2026.

Is Dragonfly Energy Holdings Corp. (DFLIW) a Good Investment?

Claude

Dragonfly Energy is in severe financial distress with negative stockholders' equity of -$21.6M, indicating the company is technically insolvent. The company is burning cash with -$13.1M free cash flow, negative operating income of -$13.0M, and only $3.8M in cash reserves against $97.1M in long-term debt, creating an imminent liquidity crisis.

ChatGPT

Dragonfly Energy's fundamentals are severely stressed: revenue is flat, gross margin is modest, and operating and net losses remain very large relative to sales. The balance sheet is impaired by negative equity, heavy long-term debt, weak cash reserves, and negative free cash flow, which together suggest poor earnings quality and elevated financing risk unless profitability and liquidity improve materially.

Why Buy Dragonfly Energy Holdings Corp. Stock? DFLIW Key Strengths

Claude
  • + Positive gross margin of 29.1% indicates viable core product economics
  • + Current ratio of 1.34x provides minimal near-term liquidity buffer
  • + Operating in renewable energy sector with structural tailwinds
ChatGPT
  • + Gross margin of 29.1% shows the core product still retains some value-add economics
  • + Current ratio of 1.34x indicates near-term obligations are not yet in immediate default territory
  • + Capital expenditure remains relatively modest, which may limit additional cash strain if spending stays controlled

DFLIW Stock Risks: Dragonfly Energy Holdings Corp. Investment Risks

Claude
  • ! Negative stockholders' equity indicates technical insolvency and high bankruptcy risk
  • ! Severe cash burn of -$13.1M FCF with only $3.8M cash available; unable to fund operations or service $97.1M debt
  • ! Net margin of -54.6% and operating margin of -28.5% show company is deeply unprofitable despite revenue; loses $0.98 per share
  • ! Liabilities exceed assets by $21.6M creating unsustainable balance sheet structure
  • ! Quick ratio of 0.46x indicates potential difficulty meeting short-term obligations
ChatGPT
  • ! Negative stockholders' equity and $97.15M of long-term debt indicate a highly stressed capital structure
  • ! Operating margin of -28.5% and net margin of -54.6% show the business is far from sustainable profitability
  • ! Cash of $3.84M versus negative operating cash flow and free cash flow raises significant liquidity risk

Key Metrics to Watch

Claude
  • * Quarterly cash burn rate and runway to insolvency
  • * Debt covenant compliance and refinancing ability
  • * Path to operating profitability and EBITDA breakeven
ChatGPT
  • * Quarterly revenue growth and gross margin progression
  • * Operating cash flow, cash balance, and debt servicing capacity

Dragonfly Energy Holdings Corp. (DFLIW) Financial Metrics & Key Ratios

Revenue
$45.6M
Net Income
$-24.9M
EPS (Diluted)
$-0.98
Free Cash Flow
$-13.1M
Total Assets
$73.8M
Cash Position
$3.8M

💡 AI Analyst Insight

Dragonfly Energy Holdings Corp. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

DFLIW Profit Margin, ROE & Profitability Analysis

Gross Margin 29.1%
Operating Margin -28.5%
Net Margin -54.6%
ROE N/A
ROA -33.7%
FCF Margin -28.6%

DFLIW vs Utilities Sector: How Dragonfly Energy Holdings Corp. Compares

How Dragonfly Energy Holdings Corp. compares to Utilities sector averages

Net Margin
DFLIW -54.6%
vs
Sector Avg 12.0%
DFLIW Sector
ROE
DFLIW 0.0%
vs
Sector Avg 10.0%
DFLIW Sector
Current Ratio
DFLIW 1.3x
vs
Sector Avg 0.8x
DFLIW Sector
Debt/Equity
DFLIW 0.0x
vs
Sector Avg 1.4x
DFLIW Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Dragonfly Energy Holdings Corp. Stock Overvalued? DFLIW Valuation Analysis 2026

Based on fundamental analysis, Dragonfly Energy Holdings Corp. has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
N/A
Sector avg: 10%
Net Profit Margin
-54.6%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Dragonfly Energy Holdings Corp. Balance Sheet: DFLIW Debt, Cash & Liquidity

Current Ratio
1.34x
Quick Ratio
0.46x
Debt/Equity
N/A
Debt/Assets
129.2%
Interest Coverage
-2.73x
Long-term Debt
$97.1M

DFLIW Revenue & Earnings Growth: 5-Year Financial Trend

DFLIW 5-year financial data: Year 2022: Revenue $86.3M, Net Income $4.3M, EPS $0.11. Year 2023: Revenue $86.3M, Net Income -$40.0M, EPS $-1.04. Year 2024: Revenue $64.4M, Net Income -$13.8M, EPS $-2.36. Year 2025: Revenue $58.6M, Net Income -$40.6M, EPS $-59.15.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Dragonfly Energy Holdings Corp.'s revenue has declined by 32% over the 5-year period, indicating business contraction. The most recent EPS of $-59.15 indicates the company is currently unprofitable.

DFLIW Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-28.6%
Free cash flow / Revenue

DFLIW Quarterly Earnings & Performance

Quarterly financial performance data for Dragonfly Energy Holdings Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $12.7M -$6.8M $-0.20
Q2 2025 $13.2M -$6.8M $-0.58
Q1 2025 $12.5M -$6.8M $-0.93
Q3 2024 $12.7M $4.8M $-0.11
Q2 2024 $13.2M $4.8M $-0.15
Q1 2024 $12.5M $4.8M $0.10
Q3 2023 $15.9M -$1.5M $-0.10
Q2 2023 $19.3M -$1.5M $-0.04

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Dragonfly Energy Holdings Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$11.2M
Cash generated from operations
Capital Expenditures
$1.8M
Investment in assets
Dividends
None
No dividend program

DFLIW SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Dragonfly Energy Holdings Corp. (CIK: 0001847986)

📋 Recent SEC Filings

Date Form Document Action
Apr 14, 2026 4 xslF345X06/ownership.xml View →
Apr 14, 2026 4 xslF345X06/ownership.xml View →
Apr 14, 2026 4 xslF345X06/ownership.xml View →
Mar 30, 2026 10-K form10-k.htm View →
Mar 17, 2026 4 xslF345X05/ownership.xml View →

Frequently Asked Questions about DFLIW

What is the AI rating for DFLIW?

Dragonfly Energy Holdings Corp. (DFLIW) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 94% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are DFLIW's key strengths?

Claude: Positive gross margin of 29.1% indicates viable core product economics. Current ratio of 1.34x provides minimal near-term liquidity buffer. ChatGPT: Gross margin of 29.1% shows the core product still retains some value-add economics. Current ratio of 1.34x indicates near-term obligations are not yet in immediate default territory.

What are the risks of investing in DFLIW?

Claude: Negative stockholders' equity indicates technical insolvency and high bankruptcy risk. Severe cash burn of -$13.1M FCF with only $3.8M cash available; unable to fund operations or service $97.1M debt. ChatGPT: Negative stockholders' equity and $97.15M of long-term debt indicate a highly stressed capital structure. Operating margin of -28.5% and net margin of -54.6% show the business is far from sustainable profitability.

What is DFLIW's revenue and growth?

Dragonfly Energy Holdings Corp. reported revenue of $45.6M.

Does DFLIW pay dividends?

Dragonfly Energy Holdings Corp. does not currently pay dividends.

Where can I find DFLIW SEC filings?

Official SEC filings for Dragonfly Energy Holdings Corp. (CIK: 0001847986) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is DFLIW's EPS?

Dragonfly Energy Holdings Corp. has a diluted EPS of $-0.98.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is DFLIW a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Dragonfly Energy Holdings Corp. has a STRONG SELL rating with 94% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is DFLIW stock overvalued or undervalued?

Valuation metrics for DFLIW: ROE of N/A (sector avg: 10%), net margin of -54.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy DFLIW stock in 2026?

Our dual AI analysis gives Dragonfly Energy Holdings Corp. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is DFLIW's free cash flow?

Dragonfly Energy Holdings Corp.'s operating cash flow is $-11.2M, with capital expenditures of $1.8M. FCF margin is -28.6%.

How does DFLIW compare to other Utilities stocks?

Vs Utilities sector averages: Net margin -54.6% (avg: 12%), ROE N/A (avg: 10%), current ratio 1.34 (avg: 0.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 23, 2026 | Data as of: 2025-09-30 | Powered by Claude AI