Dragonfly Energy
Battery packs and power systems for mobile and off-grid power.
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Profile
Builds deep-cycle LFP battery packs, power controls and complete mobile and off-grid systems sold through direct, OEM and channel partners. Battle Born is the principal brand, while current battery sales support a longer-horizon dry-electrode and solid-state cell-development program.
Designs and assembles deep-cycle lithium iron phosphate battery packs, power controls and complete mobile and off-grid systems. Battle Born Batteries is its principal brand, joined by Wakespeed power-management products and newly acquired Dakota Lithium. Battery packs and related components serve RV, marine, work-truck and off-grid uses.
Earns revenue through direct online sales, OEM integration, dealers, distributors and fleets, as well as trademark licensing, design services and contract manufacturing. Most batteries are designed, assembled and tested domestically at Reno operations, while LFP cells and other inputs are sourced internationally. Current battery-system deployments inform research into a chemistry-agnostic dry-electrode process.
Depends on cyclical RV, marine and off-grid demand, concentrated customers, and LFP-cell and battery-management suppliers located in China. Dry-electrode manufacturing and solid-state cells remain development-stage, and manufacturing, assembly, sales and service are concentrated in one leased Reno facility.
Company facts
Key statistics
Year to date −71.4% · Average volume (30d) 342.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Aug 7, 2026 | Roth Capital | Target | $3 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.34 | −$0.43 | −26.5% | $13.2M | $13.2M | −0.2% | +12.82% |
| May 14, 2026Q1 FY26 | −$0.52 | −$0.64 | −23.1% | $9.5M | $9.7M | +2.4% | −4.15% |
| Mar 16, 2026Q4 FY25 | −$0.80 | −$4.57 | −471.3% | $12.9M | $13.1M | +0.9% | −21.92% |
| Nov 14, 2025Q3 FY25 | −$7.10 | −$2.00 | +71.8% | $12.9M | $16.0M | +23.4% | −1.23% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.4M | $16.2M | $16.0M | $13.1M | $9.7M | $13.2M | |
| Gross profit | $3.9M | $4.6M | $4.7M | $2.4M | $1.7M | $4.3M | |
| Operating income | −$5.9M | −$3.3M | −$3.8M | −$7.5M | −$5.7M | −$2.9M | |
| Net income | −$6.8M | −$7.0M | −$11.1M | −$45.0M | −$6.6M | −$4.4M | |
| Diluted EPS | −$9.28 | −$5.77 | −$1.97 | −$14.92 | −$0.64 | −$0.43 | |
| Gross margin | 29.4% | 28.3% | 29.7% | 18.2% | 17.6% | 33.0% | |
| Operating margin | -44.3% | -20.2% | -23.7% | -57.7% | -59.0% | -22.0% |
Fiscal years (4-quarter sums)FY21 $78.0M · FY22 $86.3M · FY23 $64.4M · FY24 $50.6M · FY25 $58.6M
Balance sheet, Jun 30, 2026Cash & short-term investments $6.3M · Total debt $32.9M · Total assets $70.3M · Shareholders' equity $23.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 12.82M · Float 12.50M · 97.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Eastward Fund Management, LLC · 10 percent owner | 1.43M | 11.18% | Form 4 | Aug 12, 2026 |
| Alyeska Investment Group, L.P. | 500.0K | 3.90% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 354.2K | 2.76% | 13F | Aug 13, 2026 |
| Denis Phares · director, officer: CEO, Interim CFO & President | 167.6K | 1.31% | Form 4 | Apr 14, 2026 |
| Geode Capital Management, LLC | 104.3K | 0.81% | 13F | Aug 12, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Expion360
Direct RV and marine LiFePO4 battery and OEM-content rival.
- Winnebago Industries
Lithionics contests RV and marine battery-system content.
- Brunswick
Navico's RELiON and Mastervolt contest marine and RV power systems.
- QuantumScape
Solid-state lithium-metal technology rival for future cell development.
- Solid Power
Sulfide-electrolyte and all-solid-state cell-development rival.
- Eos Energy Enterprises
Zinc long-duration storage rival in the future stationary-storage field.
- ESS Tech
Iron-flow long-duration storage rival in a peripheral future battlefield.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Dragonfly Energy | $1.11 | +0.45% | $14.2M | — | — | 0.3 | −19.0% |
| Expion360 | $7.52 | +1.48% | $7.1M | — | — | 0.9 | −32.1% |
| Winnebago Industries | $30.60 | −0.13% | $865.0M | 22.5 | 13.9 | 0.3 | −9.9% |
| Brunswick | $76.64 | −0.01% | $4.98B | — | 15.6 | 0.9 | +7.7% |
| QuantumScape | $5.65 | +0.70% | $3.45B | — | — | — | — |
| Solid Power | $2.31 | −1.07% | $524.2M | — | — | 51.2 | −115.7% |
| Eos Energy Enterprises | $3.27 | +0.15% | $944.0M | — | — | 4.4 | +351.4% |
| ESS Tech | $0.3510 | +0.72% | $10.3M | — | — | — | −96.9% |
| Median | 22.5 | 14.7 | 0.9 | −21.0% |