Companies: 10,795·Total market cap: $144.5T
Dragonfly Energy Holdings Corp.

Dragonfly Energy Holdings Corp.

DFLINASDAQIndustrials● Active
$1.93
+$0.07(+3.76%)
Market Cap$1198792
P/E Ratio—
52W High$26.1
52W Low$1.5
Free Cash FlowFinancialsRevenue

Dragonfly Energy Holdings Corp. (DFLI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DFLI · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was −$27.9M for FY2025 (fiscal year ending 2025-12-31), down 181.4% year-over-year The FCF margin was -47.6%.

FY2025 Free Cash Flow−$27.9M▼ -181.4% YoY
Trailing 12M (TTM)−$31.7Mtrailing 4 quarters sum
FCF Margin-47.6%−$27.9M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
dfli free cash flow history · dfli free cash flow chart · dfli free cash flow growth rate · dfli free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest−$27.9M▼ 181.4%-47.6%
FY2024−$9.9M▲ +59.7%-19.6%
FY2023−$24.6M▲ +53.2%-38.2%
FY2022−$52.6M▼ 217.7%-60.9%
FY2021−$16.5M▼ 416.3%-21.2%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
dfli free cash flow 2025 · dfli free cash flow 2024 · dfli free cash flow 2023 · dfli operating cash flow

FCF valuation metrics

Dragonfly Energy Holdings Corp. (DFLI) reported negative free cash flow of −$0.03B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)
N/A
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
N/A
TTM FCF ÷ Shares Outstanding
Price / FCF
N/A
Share Price ÷ FCF per Share
EV / FCF (TTM)
N/A
Enterprise Value basis
!

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
dfli price to free cash flow · dfli free cash flow yield · dfli free cash flow per share · dfli price to cash flow ratio

Cash flow statement summary

For FY2025, Dragonfly Energy Holdings Corp. generated −$26.0M in operating cash flow and spent 2M in capital expenditures, yielding −$27.9M in free cash flow.

Operating Activities
−$26.0M
Cash from core business operations
2025-12-31
Investing Activities
−$1.9M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$41.3M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF (−$26.0M) − |CapEx| (2M) = FCF (−$27.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
dfli cash flow statement · dfli cash flow statement 2025 · dfli operating cash flow · dfli cash flow from operations

Free cash flow vs peers (Industrials)

#CompanyFree Cash FlowYoY
#1
Dragonfly Energy Holdings Corp.
Dragonfly Energy Holdings Corp.YOU
DFLI
−$27.9M-181.4%
#2
Caterpillar Inc.
Caterpillar Inc.
CAT
$10.27B+16.5%#3
RTX Corporation
RTX Corporation
RTX
$7.94B+75.1%#4
GE Aerospace
GE Aerospace
GE
$7.26B+97.5%#5
The Boeing Company
The Boeing Company
BA
−$1.88B+87.0%#6
Space Exploration Technologies Corp.
Space Exploration Technologies Corp.
SPCX
−$13.95B-159.0%
Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Dragonfly Energy Holdings Corp. (DFLI) reported free cash flow of −$27.9M for FY2025 (fiscal year ending 2025-12-31), down 181.4% year-over-year. The FCF margin was -47.6%.

Based on available data, Dragonfly Energy Holdings Corp. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $5.2M in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

DFLI free cash flow · 8 questions

Dragonfly Energy Holdings Corp. free cash flow was −$27.9M for FY2025, down 181.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$31.7M.

DFLI free cash flowDFLI FCFDFLI FCF 2025DFLI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Dragonfly Energy Holdings Corp. · Dragonfly Energy Holdings Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026