10-Q · May 14, 2026
Dragonfly Energy Holdings Corp. reported Q1 2026 results showing a 27.3% decline in revenue to $9.7 million, missing estimates of $9.45 million. The net loss rose to $7.7 million translating to a diluted EPS of -0.64,…
Earnings analysis · 10-Q
DFLI earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
Dragonfly Energy’s Q2 2026 revenue increased to $13.159 million from $10 million in Q1 2026 and exceeded the prior $13.0 million target, but remained below the $16 million reported in Q2 2025. The diluted EPS loss…
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Dragonfly Energy’s Q2 2026 revenue increased to $13.159 million from $10 million in Q1 2026 and exceeded the prior $13.0 million target, but remained below the $16 million reported in Q2 2025. The diluted EPS loss narrowed to $0.43 from $0.64 sequentially and $5.80 year over year, although the company remains loss-making. The filing reports no material risk-factor changes, but the trade libel lawsuit filed June 1, 2026 and amended July 9, 2026 adds an ongoing litigation consideration.
Reported figures
- Earnings per share
- $-0.43
What stood out
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Revenue Rebounded Sequentially
Q2 2026 revenue was $13.159 million, up approximately 31.6% from $10 million in Q1 2026 but down approximately 17.8% from $16 million in Q2 2025.
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EPS Loss Narrowed
Diluted EPS was a loss of $0.43, improving from a loss of $0.64 in Q1 2026 and a loss of $5.80 in Q2 2025.
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Revenue Beat Prior Q2 Target
Reported Q2 revenue of $13.159 million exceeded the previously reaffirmed Q2 revenue target of $13.0 million by approximately $0.159 million.
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Controls Remained Effective
Management concluded that disclosure controls and procedures were effective as of June 30, 2026, and reported no changes in internal control during the quarter that materially affected, or were reasonably likely to materially affect, internal control over financial reporting.
What to watch
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Trade Libel Litigation
The company filed a trade libel complaint on June 1, 2026, amended it on July 9, 2026, and defendants filed an answer on July 23, 2026. The action seeks damages, injunctive relief, punitive damages, and attorneys’ fees and relates to alleged statements about defects in Battle Born 100 amp-hour 12V LiFePO4 batteries.
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Persistent Operating Volatility
The filing states that there were no material changes to the risk factors disclosed in the 2025 Annual Report. Accordingly, the previously disclosed risks remain applicable, while Q2 revenue of $13.159 million remained below the $16 million reported in Q2 2025.
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Limited Financial Detail Available
The filing provides no segment revenue, cash-flow, debt, inventory, receivables, or working-capital detail in the available text, limiting assessment of liquidity and operating performance beyond the reported $13.159 million of Q2 revenue and $(0.43) diluted EPS.
Management's outlook
The 10-Q does not provide explicit quantitative revenue or EPS guidance. Prior Q2 2026 revenue guidance was $13.0 million; reported Q2 revenue was $13.159 million.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.