Loading...
•
Sep 30, 2025
Dragonfly Energy Holdings Corp Q3 2025 Earnings Report
Dragonfly Energy Holdings Corp reported a 25.5% year-over-year increase in net sales in Q3 2025, driven by strong OEM growth, though the company continued to operate at a net loss.
Key Takeaways
Dragonfly Energy posted strong revenue growth in Q3 2025, particularly in the OEM channel, while narrowing adjusted EBITDA losses. Despite operational improvements and gross margin expansion, the company reported a wider net loss due to high interest expenses and other non-operating items.
Net sales grew 25.5% year-over-year to $16.0 million, led by 44% growth in OEM revenue.
Gross margin expanded by 710 basis points to 29.7%, reflecting improved volume and product mix.
Adjusted EBITDA loss narrowed to $(2.1) million from $(5.5) million in the prior year.
Net loss widened to $(11.1) million, primarily due to increased interest expenses and fair value adjustments.
Revenue by Segment
Forward Guidance
Dragonfly Energy expects Q4 2025 net sales of approximately $13.0 million and an adjusted EBITDA loss of around $(3.3) million.
Positive Outlook
- Continued year-over-year net sales growth forecasted for Q4.
- Strong OEM channel momentum sustained.
- Improved gross margins from cost optimization initiatives.
- Strengthened balance sheet via public offerings and debt restructuring.
- Expanded partnerships with RV OEMs and adjacent markets.
Challenges Ahead
- Adjusted EBITDA is projected to decline sequentially in Q4.
- Net loss expected to persist in the near term.
- Macroeconomic pressures still impacting DTC channel.
- Ongoing high interest expense burden.
- Limited near-term profitability despite operational improvements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...