Dragonfly Energy Reports Q2 GAAP EPS of -$0.58, Revenue of $16.2M

Dragonfly Energy reported Q2 GAAP EPS of -$0.58, beating estimates by $0.37. Revenue was $16.2M, a 22.7% YoY increase, exceeding expectations by $1.52M. The company's financial results exceeded market expectations.

Dragonfly Energy Holdings Corp. (DFLI), a leading provider of energy storage and battery technology, has reported its second-quarter 2025 financial results, which exceeded market expectations. The company reported a GAAP EPS of -$0.58, beating the Zacks Consensus Estimate of -$1.29 by $0.37 [2]. Revenue for the quarter was $16.2 million, representing a 22.7% year-over-year (YoY) increase and surpassing the Zacks Consensus Estimate by $1.52 million [2].

Key highlights of the second-quarter results include:
- Revenue Growth: The company's net sales increased by 23.0% to $16.2 million, driven by a 50.6% growth in OEM net sales to $10.1 million [3].
- Operational Efficiency: Gross profit increased by 45.4% to $4.6 million, with the gross margin expanding by 430 basis points to 28.3% [3].
- Financial Position: The company reported a net loss of $(7.0) million, or $(0.58) per diluted share, compared to a net loss of $(13.6) million or $(2.02) per diluted share in the prior year [3].
- Adjusted EBITDA: Adjusted EBITDA was $(2.2) million, down from $(6.2) million in the prior year [3].

The company's performance was driven by strong adoption of its products at the factory level and the resilience of its OEM partnerships. Additionally, the company's ongoing corporate optimization efforts have led to significant operational improvements, including lower R&D costs and enhanced fixed cost absorption due to higher volumes.

Looking ahead to the third quarter, Dragonfly Energy expects net sales of approximately $15.9 million, representing an approximately 25% year-over-year increase [3]. Despite ongoing macroeconomic uncertainty, the company believes it remains well-positioned to deliver continued growth supported by deepening customer relationships, enhanced operational efficiency, and continued expansion into the heavy-duty trucking market.

References:
[1] https://seekingalpha.com/news/4486059-dragonfly-energy-gaap-eps-of-0_58-beats-by-0_37-revenue-of-16_2m-beats-by-1_52m
[2] https://www.nasdaq.com/articles/dragonfly-energy-holdings-corp-dfli-reports-q2-loss-tops-revenue-estimates
[3] https://investors.dragonflyenergy.com/news/news-details/2025/Dragonfly-Energy-Reports-Second-Quarter-2025-Results/default.aspx