Dragonfly Energy (DFLI)
Battery packs and power systems for mobile and off-grid power.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 7, 2026 | Roth Capital | Target | Target: — | Target: $3 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.3M · Total debt $32.9M · Total assets $70.3M · Shareholders' equity $23.3M
- Revenue
- $13.2M
- Operating income
- −$2.9M
- Net income
- −$4.4M
No dividends on record.
| Institutions | 11.17% | 1.43M shares | |
|---|---|---|---|
| 31 holders · as of Jun 30, 2026 | |||
| Insiders | 1.60% | 204.6K shares | |
| 8 holders · as of Jun 23, 2026 | |||
| Strategic holders | 11.18% | 1.43M shares | |
| 1 holder · as of Aug 12, 2026 | |||
| Other | 76.05% | 9.75M shares | |
| remainder | |||
12.82M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Eastward Fund Management, LLCStrategic10 percent owner | 11.18% | 1.43M | filed Aug 12, 2026 |
Alyeska Investment Group, L.P.Institution | 3.90% | 500,000 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.76% | 354,224 | as of Jun 30, 2026 |
Denis Phares1Insiderdirector, officer: CEO, Interim CFO & President | 1.31% | 167,551 | filed Apr 14, 2026 |
Geode Capital Management, LLCInstitution | 0.81% | 104,282 | as of Jun 30, 2026 |
- Reported at 2.92% on Aug 1, 2025, under the 5% line, so no further filing is required.
Insider tradesForm 4
No open-market trades in the last 12 months.
- 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.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Dragonfly Energy | $0.8910 | +2.41% | $11.1M | — | — | 0.2 | −19.0% |
| Expion360 | $4.86 | +0.21% | $4.6M | — | — | 0.6 | −32.1% |
| Winnebago Industries | $27.99 | +2.87% | $769.2M | 20.0 | 13.0 | 0.3 | −9.9% |
| Brunswick | $66.85 | +1.29% | $4.29B | — | 13.6 | 0.8 | +7.7% |
| QuantumScape | $5.07 | −0.69% | $3.14B | — | — | — | — |
| Solid Power | $2.50 | +0.60% | $558.0M | — | — | 54.5 | −115.7% |
| Eos Energy Enterprises | $4.15 | +1.97% | $1.18B | — | — | 5.5 | +351.4% |
| ESS Tech | $0.3889 | +5.16% | $10.9M | — | — | — | −96.9% |
| Median | 20.0 | 13.3 | 0.8 | −21.0% |