Dragonfly Energy (DFLI)


Market Price (11/11/2026): $1.9 | Market Cap: $3.6 MilSector: Industrials | Industry: Electrical Components & Equipment

Dragonfly Energy (DFLI)


Market Price (11/11/2026): $1.9
Market Cap: $3.6 Mil
Sector: Industrials
Industry: Electrical Components & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Battery Technology & Metals, Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Advanced Battery Components, Show more.

Weak multi-year price returns
2Y Excs Rtn is -82%, 3Y Excs Rtn is -125%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -20 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -38%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -13%, Rev Chg QQuarterly Revenue Change % is -19%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -58%

High stock price volatility
Vol 12M is 109%

Key risks
DFLI key risks include [1] its precarious financial health which necessitates continuous, Show more.

0 Megatrend and thematic drivers
Megatrends include Battery Technology & Metals, Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Advanced Battery Components, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -82%, 3Y Excs Rtn is -125%
2 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -20 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -38%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -13%, Rev Chg QQuarterly Revenue Change % is -19%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -58%
6 High stock price volatility
Vol 12M is 109%
7 Key risks
DFLI key risks include [1] its precarious financial health which necessitates continuous, Show more.

DFLI in ETFs

Weight = DFLI's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/1/2026

Dragonfly Energy (DFLI) stock has lost about 50% since it went public on 10/8/2026 because of the following key factors:

1. Reverse stock split enacted to regain Nasdaq compliance led to immediate selling pressure.

Dragonfly Energy implemented an 8-for-1 reverse stock split on October 8, 2026, in an effort to regain compliance with Nasdaq's minimum bid price requirement. This corporate action triggered a significant market reaction, with the stock declining 46.25% in the week following the announcement, reaching approximately $2.95 by October 14, 2026.

2. Persistent financial instability and liquidity concerns exacerbated investor fears.

The need for the reverse stock split stemmed from deeper financial challenges, including a stockholders' equity deficit of $184,000 for the period ended June 30, 2026, which fell below Nasdaq's $2.5 million minimum requirement. Further, in early October 2026, the company disclosed that lenders waived a minimum liquidity covenant for September 30, 2026, and a Series B preferred stockholder dividend was deferred, accompanied by a $450,000 amendment fee paid in kind, signaling significant balance sheet stress and raising investor concerns about near-term liquidity.

Show more
Updated on 11/1/2026

Dragonfly Energy (DFLI) stock has lost about 50% since it went public on 10/8/2026 because of the following key factors:

1. Reverse stock split enacted to regain Nasdaq compliance led to immediate selling pressure.

Dragonfly Energy implemented an 8-for-1 reverse stock split on October 8, 2026, in an effort to regain compliance with Nasdaq's minimum bid price requirement. This corporate action triggered a significant market reaction, with the stock declining 46.25% in the week following the announcement, reaching approximately $2.95 by October 14, 2026.

2. Persistent financial instability and liquidity concerns exacerbated investor fears.

The need for the reverse stock split stemmed from deeper financial challenges, including a stockholders' equity deficit of $184,000 for the period ended June 30, 2026, which fell below Nasdaq's $2.5 million minimum requirement. Further, in early October 2026, the company disclosed that lenders waived a minimum liquidity covenant for September 30, 2026, and a Series B preferred stockholder dividend was deferred, accompanied by a $450,000 amendment fee paid in kind, signaling significant balance sheet stress and raising investor concerns about near-term liquidity.

3. Weakening business fundamentals and declining sales in core markets eroded confidence.

The company has faced ongoing operational struggles, particularly in its OEM segment, which generated only $3.9 million in revenue after its batteries were removed from a major RV manufacturer's standard models. For fiscal Q1 2026, net sales were approximately $9.7 million, representing a 27% year-over-year decrease, driven by softer demand in the recreational vehicle (RV) market and a 26% decline in direct-to-consumer sales, contributing to negative adjusted EBITDA and projected losses for fiscal Q2 2026.

4. Dilution from past and recent stock-based transactions weighed on shareholder value.

Investor sentiment has also been negatively impacted by concerns over dilution. This includes stock-based consideration tied to the Dakota Lithium asset acquisition announced in July 2026. Additionally, the company conducted a public offering of common stock and pre-funded warrants in October 2025, generating approximately $55.4 million, a portion of which was used for debt prepayment rather than solely for growth initiatives.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

7/31/2026 to 11/10/2026
ReturnCorrelation
DFLI  
Market (SPY)0.4%64.1%
Sector (XLI)-6.2%59.0%

Fundamental Drivers

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Market Drivers

4/30/2026 to 11/10/2026
ReturnCorrelation
DFLI  
Market (SPY)4.6%64.1%
Sector (XLI)-3.1%59.0%

Fundamental Drivers

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Market Drivers

10/31/2025 to 11/10/2026
ReturnCorrelation
DFLI  
Market (SPY)10.9%64.1%
Sector (XLI)9.8%59.0%

Fundamental Drivers

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Market Drivers

10/31/2023 to 11/10/2026
ReturnCorrelation
DFLI  
Market (SPY)85.5%64.1%
Sector (XLI)78.4%59.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
DFLI Return------51%-51%
Peers Return-37%-32%23%71%38%5%30%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
DFLI Win Rate-----50% 
Peers Win Rate40%35%52%44%52%45% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
DFLI Max Drawdown------ 
Peers Max Drawdown-59%-53%-51%-46%-50%-62% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ENS, ULBI, FLUX, EOSE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/10/2026 (YTD)

How Low Can It Go

DFLI has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

EventXLIS&P 500
2025 US Tariff Shock
  % Loss-15.8%-18.8%
  % Gain to Breakeven18.8%23.1%
  Time to Breakeven34 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-11.7%-9.5%
  % Gain to Breakeven13.2%10.5%
  Time to Breakeven45 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-20.1%-24.5%
  % Gain to Breakeven25.1%32.4%
  Time to Breakeven125 days427 days
2020 COVID-19 Crash
  % Loss-41.6%-33.7%
  % Gain to Breakeven71.2%50.9%
  Time to Breakeven231 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.7%-19.2%
  % Gain to Breakeven31.1%23.8%
  Time to Breakeven120 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-11.1%-12.2%
  % Gain to Breakeven12.5%13.9%
  Time to Breakeven51 days62 days

Compare to ENS, ULBI, FLUX, EOSE

In The Past

State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

DFLI has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

EventXLIS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-20.1%-24.5%
  % Gain to Breakeven25.1%32.4%
  Time to Breakeven125 days427 days
2020 COVID-19 Crash
  % Loss-41.6%-33.7%
  % Gain to Breakeven71.2%50.9%
  Time to Breakeven231 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.7%-19.2%
  % Gain to Breakeven31.1%23.8%
  Time to Breakeven120 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-22.5%-17.9%
  % Gain to Breakeven29.0%21.8%
  Time to Breakeven114 days123 days
2008-2009 Global Financial Crisis
  % Loss-60.5%-53.4%
  % Gain to Breakeven153.2%114.4%
  Time to Breakeven700 days1085 days

Compare to ENS, ULBI, FLUX, EOSE

In The Past

State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Dragonfly Energy (DFLI)

Chardan NexTech Acquisition 2 Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2020 and is headquartered in New York, New York.

AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

Dragonfly Energy (DFLI) is a manufacturer and distributor of deep cycle lithium-ion batteries, primarily under the "Battle Born Batteries" brand. The company serves a mixed customer base, including both individual consumers and various business customers.

The major categories of customers that Dragonfly Energy serves include:

  1. Individual Consumers: These customers purchase Dragonfly Energy's batteries directly through the company's website (BattleBornBatteries.com) or via online retailers such as Amazon. They typically use the batteries for recreational vehicles (RVs), marine applications, off-grid power systems (e.g., for tiny homes or cabins), overlanding setups, and van conversions.
  2. Original Equipment Manufacturers (OEMs): Dragonfly Energy supplies its batteries to other companies that integrate them into their manufactured products. This includes manufacturers of RVs, boats, and potentially certain industrial or specialized vehicles. Specific names of major OEM customer companies are not publicly disclosed by Dragonfly Energy.
  3. Dealers and Installers: This category encompasses a network of businesses that resell and install Dragonfly Energy's battery solutions. These typically include RV dealerships, marine service centers, solar energy system installers, and other specialized retailers who provide complete power solutions to their end customers. Specific names of major dealer/installer companies are not publicly disclosed by Dragonfly Energy.

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Denis Phares, Chief Executive Officer & Interim Chief Financial Officer

Denis Phares co-founded Dragonfly Energy (then Legacy Dragonfly) in 2012. Prior to founding Dragonfly Energy, he was a tenured professor of Aerospace & Mechanical Engineering at the University of Southern California from 2005 to 2012, where his work focused on renewable energy technologies. He ventured into business in 2008 with a company in dye-sensitized solar cells and a 2009 startup producing lithium iron phosphate powder, experiences that led to the formation of Dragonfly Energy. Phares holds several patents crucial to fundamental battery cell manufacturing. The company went public through a merger with Chardan NexTech Acquisition 2 Corporation in October 2022.

Wade Seaburg, Chief Commercial Officer

Wade Seaburg was appointed Chief Commercial Officer in February 2025, after serving as Chief Revenue Officer since November 2022. He initially joined Dragonfly Energy as an outside contractor in December 2018, later becoming Director of Outside Sales and Business Development from June 2021 to October 2022. Before joining Dragonfly Energy, Mr. Seaburg founded and served as President of Structure Sales from May 2016 to May 2021, a company that represented industry-leading suppliers to OEMs in the RV and Marine markets. He also held various sales leadership positions at WESCO Distribution and Eaton Electrical.

Tyler Bourns, Chief Marketing Officer

Tyler Bourns has served as Chief Marketing Officer since November 2022. He joined Dragonfly in 2021 and previously held the role of Senior Vice President of Marketing for Legacy Dragonfly from December 2021 to October 2022. Prior to his time at Dragonfly Energy, Mr. Bourns was the owner and president of Bourns Productions Inc. for twelve years, a video production and marketing company specializing in content creation and strategy for various brands. He is a three-time Emmy Award winner, having produced content for brands such as Panasonic and GE Energy.

Nicole Harvey, Chief Legal Officer

Nicole Harvey was promoted to Chief Legal Officer in November 2022, having joined Dragonfly Energy in 2021. She brings over 14 years of legal and compliance experience from both public and private practice. Her previous roles include serving as senior counsel for the Corix Group of Companies and as a regulatory compliance manager for Harley-Davidson Financial Services.

AI Analysis | Feedback

Here are the key risks to Dragonfly Energy (DFLI):
  1. Financial Viability and Liquidity: Dragonfly Energy faces significant financial challenges, including substantial doubt about its ability to continue as a going concern. The company is capital-intensive and requires additional financing, leading to significant outstanding debt and potential difficulties in meeting financial covenants. It has experienced negative profitability, substantial debt, and a persistent need for external capital, often resulting in dilutive public offerings that erode shareholder value.
  2. Market Demand and Macroeconomic Headwinds: The company's sales have been impacted by weaker demand from direct-to-consumer customers in its core recreational vehicle (RV) and marine markets, attributed to rising interest rates and inflation. Broader macroeconomic uncertainty, a volatile tariff environment, and customer project delays continue to pose significant challenges to revenue growth and profitability. Despite operating in a growing lithium-ion battery market, the company has struggled to translate revenue growth into positive earnings.
  3. Challenges in Developing and Commercializing New Battery Technology: Dragonfly Energy is investing in the development and commercialization of solid-state battery technology, which presents significant engineering challenges and financial risks. Delays or failures in these efforts could negatively impact the company's long-term growth prospects and its strategic expansion into areas like grid-connected battery energy storage.

AI Analysis | Feedback

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AI Analysis | Feedback

Dragonfly Energy (DFLI) operates in the deep cycle lithium-ion battery and power systems market, serving recreational vehicles (RV), marine vessels, solar and off-grid industries, heavy-duty trucking, and industrial power applications. Dragonfly Energy has identified its total addressable market across its core segments to be $56.8 billion. This market includes leisure (RV, marine, and off-grid), heavy-duty trucking, and industrial power applications. Specifically, the leisure segment represents a $1.7 billion opportunity, while the industrial and remote power market offers a substantially larger potential at $53.9 billion. While not explicitly stated as "U.S." or "global" for this specific $56.8 billion figure, Dragonfly Energy is headquartered in the United States and has been strategically expanding into these segments, particularly within North America.

AI Analysis | Feedback

Dragonfly Energy (DFLI) is anticipated to drive future revenue growth over the next two to three years through several key initiatives:

  1. Expansion in OEM Partnerships: The company expects continued growth through its partnerships with Original Equipment Manufacturers (OEMs), particularly in the recreational vehicle (RV) and heavy-duty trucking sectors. Dragonfly Energy's integrated energy storage solutions are being adopted as standard equipment by major RV manufacturers, and the company has established a commercial deployment partnership in heavy-duty trucking.
  2. Commercialization of All-Solid-State-Battery Technology: A significant long-term driver is the development and large-scale deployment of Dragonfly Energy's proprietary and patented All-Solid-State-Battery technology. This technology is expected to facilitate cost reductions in lithium-ion battery production and enable the company to expand its market presence.
  3. Entry into New Markets: Dragonfly Energy has expanded its commercial footprint into new markets, including marine applications through a partnership with World Cat and the rail sector via a distribution partnership with National Railway Supply. The favorable regulatory environment for electric vehicle boats is also expected to enhance demand in the marine market.
  4. New Product Offerings and Technological Advancements: The company's focus on innovation and strategic partnerships, such as its collaboration with Airstream for advanced power systems, is poised to drive growth. Dragonfly Energy is capitalizing on industry trends towards premium features with its new product offerings. Additionally, the licensing of its proprietary technology has begun to contribute to revenue.
  5. Positive Revenue Growth Forecasts: Analysts project robust revenue growth for Dragonfly Energy. Forecasts indicate an annual revenue growth rate of 29.2% and 31.39% for 2026-2028, surpassing the average growth rates for the US Electrical Equipment & Parts industry and the broader US market.

AI Analysis | Feedback

Share Issuance

  • Dragonfly Energy raised approximately $90 million through three common stock offerings in the second half of 2025.
  • The SPAC merger in October 2022 generated approximately $250 million in gross proceeds, which included $25 million in equity and the post-closing availability of a $150 million Chardan Equity Facility (ChEF).
  • On October 16, 2025, the company priced an underwritten public offering of 36 million shares of common stock and pre-funded warrants for up to 5 million shares, generating gross proceeds of approximately $55.4 million.

Inbound Investments

  • The business combination with Chardan NexTech Acquisition 2 Corp. in October 2022 included a $25 million equity investment, with a private strategic investment from THOR Industries.
  • As part of the SPAC merger, a $75 million senior secured term loan facility was provided, led by Energy Impact Partners.
  • In 2025, a debt restructuring involved the conversion of $25 million of debt into preferred stock.

Capital Expenditures

  • In the third quarter of 2025, Dragonfly Energy reported capital expenditures of $187,000.
  • A primary focus for capital allocation, utilizing proceeds from 2025 public offerings, is continued strategic investment in next-generation battery technologies, specifically scaling the dry electrode process and its application to solid-state batteries.
  • Improved liquidity after 2025 capital raises is intended to enable increased investment in sales manpower and product development, particularly in oil and gas and trucking markets.

Latest Trefis Analyses

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

DFLIENSULBIFLUXEOSEMedian
NameDragonfl.EnerSys UltralifeFlux Pow.Eos Ener. 
Mkt Price1.90151.2015.630.351.821.90
Mkt Cap-5.50.30.00.70.5
Rev LTM523,79419236266192
Op Inc LTM-205468-7-323-7
FCF LTM-30717-1-7-443-7
FCF 3Y Avg-223797-3-289-3
CFO LTM-297772-6-312-6
CFO 3Y Avg-1947310-2-221-2

Growth & Margins

DFLIENSULBIFLUXEOSEMedian
NameDragonfl.EnerSys UltralifeFlux Pow.Eos Ener. 
Rev Chg LTM-4.9%3.7%3.0%-43.7%319.9%3.0%
Rev Chg 3Y Avg-12.8%0.8%8.6%-14.5%221.4%0.8%
Rev Chg Q-19.0%4.8%11.3%-48.7%171.1%4.8%
QoQ Delta Rev Chg LTM-5.6%1.1%2.6%-15.2%24.4%1.1%
Op Inc Chg LTM10.9%14.1%29.2%-21.0%-44.9%10.9%
Op Inc Chg 3Y Avg21.5%18.0%27.0%-5.0%-30.7%18.0%
Op Mgn LTM-38.4%14.4%4.2%-20.3%-121.1%-20.3%
Op Mgn 3Y Avg-40.3%12.9%4.9%-13.2%-518.7%-13.2%
QoQ Delta Op Mgn LTM-1.5%1.7%2.1%-4.9%21.0%1.7%
CFO/Rev LTM-55.4%20.5%1.0%-17.9%-117.0%-17.9%
CFO/Rev 3Y Avg-35.6%12.8%5.8%-6.1%-477.2%-6.1%
FCF/Rev LTM-57.5%18.9%-0.4%-19.2%-166.2%-19.2%
FCF/Rev 3Y Avg-41.8%10.2%4.2%-7.3%-579.2%-7.3%

Valuation

DFLIENSULBIFLUXEOSEMedian
NameDragonfl.EnerSys UltralifeFlux Pow.Eos Ener. 
Mkt Cap-5.50.30.00.70.5
P/S-1.51.40.22.51.4
P/Op Inc-10.132.6-1.0-2.04.5
P/EBIT-11.8-165.6-1.02.40.7
P/E-15.6-87.9-0.92.80.9
P/CFO-7.1130.1-1.2-2.13.0
Total Yield-7.1%-1.1%-109.6%37.8%3.0%
Dividend Yield-0.7%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-6.9%5.4%-24.5%-25.1%-9.5%
D/E-0.20.21.11.00.6
Net D/E-0.10.21.00.60.4

Returns

DFLIENSULBIFLUXEOSEMedian
NameDragonfl.EnerSys UltralifeFlux Pow.Eos Ener. 
1M Rtn-48.9%-15.9%149.7%-26.7%-27.8%-26.7%
3M Rtn-51.6%-18.7%118.3%-35.6%-57.1%-35.6%
6M Rtn-51.6%-34.8%164.5%-66.5%-77.5%-51.6%
12M Rtn-51.6%12.8%150.5%-85.4%-90.5%-51.6%
3Y Rtn-51.6%81.3%105.9%-90.5%42.2%42.2%
1M Excs Rtn-45.7%-11.9%155.8%-24.3%-20.4%-20.4%
3M Excs Rtn-49.0%-16.3%119.0%-38.2%-54.4%-38.2%
6M Excs Rtn-53.6%-36.8%162.5%-68.6%-79.6%-53.6%
12M Excs Rtn-63.7%3.1%119.5%-97.0%-102.8%-63.7%
3Y Excs Rtn-124.4%-1.6%15.6%-165.8%-84.2%-84.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Original equipment manufacturers (OEM)372828  
Direct-to-consumers (DTC)212337  
Other100  
Single Segment   8678
Total5951648678


Operating Income by Segment
$ Mil202520242023
Original equipment manufacturers (OEM)70-0
Direct-to-consumers (DTC)-1-06
Other-29-26-33
Total-23-26-27


Net Income by Segment
$ Mil202520242023
Original equipment manufacturers (OEM)70-0
Direct-to-consumers (DTC)-1-06
Other-76-41-20
Total-70-41-14


Price Behavior

Price Behavior
Market Price$1.91 
First Trading Date08/24/2021 
Distance from 52W High-51.3% 
   50 Days200 Days
DMA Price  
DMA Trend  
Distance from DMA  
 3M1YR
Volatility109.2%109.2%
Downside Capture  
Upside Capture  
Correlation (S&P 500)  
DFLI Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta2.83-0.422.75-0.58-1.31-1.17
Up Beta12.02-1.790.154.26-0.671.42
Down Beta-3.37-8.783.355.07-4.470.86
Up Capture-228%-114%-71%-28%-11%-1%
Bmk +ve Days12182862130427
Stock +ve Days333333
Down Capture664%361%285%146%85%50%
Bmk -ve Days10253664121325
Stock -ve Days121212121212

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DFLI
DFLI-44.6%108.9%-5.89-
Sector ETF (XLI)11.0%18.2%0.4260.5%
Equity (SPY)12.7%13.7%0.6267.8%
Gold (GLD)0.3%28.9%0.0026.7%
Commodities (DBC)34.5%21.3%1.28-23.4%
Real Estate (VNQ)11.7%14.2%0.5322.0%
Bitcoin (BTCUSD)-27.7%43.5%-0.6332.9%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DFLI
DFLI-11.1%108.9%-5.89-
Sector ETF (XLI)11.5%17.8%0.4860.5%
Equity (SPY)11.6%17.3%0.5067.8%
Gold (GLD)17.2%19.1%0.7226.7%
Commodities (DBC)7.4%19.6%0.26-23.4%
Real Estate (VNQ)1.4%18.9%-0.0422.0%
Bitcoin (BTCUSD)3.4%51.5%0.2532.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DFLI
DFLI-5.7%108.9%-5.89-
Sector ETF (XLI)13.3%20.1%0.5860.5%
Equity (SPY)15.2%18.0%0.7167.8%
Gold (GLD)11.7%16.6%0.5826.7%
Commodities (DBC)7.5%18.1%0.33-23.4%
Real Estate (VNQ)5.9%20.7%0.2422.0%
Bitcoin (BTCUSD)59.5%66.3%0.9932.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10302026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 1015202643.8%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest2.4 days
Basic Shares Quantity1.6 Mil
Short % of Basic Shares11.8%

Earnings Returns History

Updated 10/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/202612.8%11.1%-6.8%
5/14/2026-4.1%4.1%-1.0%
3/16/2026-21.9%-29.1%-29.8%
11/14/2025-1.3%-7.4%-46.8%
8/14/202516.5%10.9%4.5%
5/15/2025-11.3%-10.5%-51.2%
3/24/2025-10.8%-24.6%-60.8%
11/14/2024-8.4%-30.9%-32.7%
...
SUMMARY STATS   
# Positive243
# Negative131112
Median Positive14.7%7.5%14.0%
Median Negative-10.8%-10.6%-23.9%
Max Positive16.5%11.1%73.7%
Max Negative-29.3%-30.9%-60.8%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/202612.8%11.1%-6.8%
5/14/2026-4.1%4.1%-1.0%
3/16/2026-21.9%-29.1%-29.8%
11/14/2025-1.3%-7.4%-46.8%
8/14/202516.5%10.9%4.5%
5/15/2025-11.3%-10.5%-51.2%
3/24/2025-10.8%-24.6%-60.8%
11/14/2024-8.4%-30.9%-32.7%
8/14/2024-9.7%-9.7%-13.4%
5/14/2024-25.2%-10.6%-26.5%
11/13/2023-22.1%-10.3%-21.2%
8/21/2023-15.8%-11.2%-3.4%
5/15/2023-1.4%-2.4%-12.9%
3/29/2023-29.3%-26.4%14.0%
11/14/2022-1.7%3.3%73.7%
SUMMARY STATS   
# Positive243
# Negative131112
Median Positive14.7%7.5%14.0%
Median Negative-10.8%-10.6%-23.9%
Max Positive16.5%11.1%73.7%
Max Negative-29.3%-30.9%-60.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/14/202610-Q
12/31/202503/30/202610-K
09/30/202511/14/202510-Q
06/30/202508/14/202510-Q
03/31/202505/16/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202304/16/202410-K
09/30/202311/14/202310-Q
06/30/202308/21/202310-Q
03/31/202305/15/202310-Q
12/31/202204/17/202310-K
06/30/202209/16/2022424B3
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Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/14/202610-Q
12/31/202503/30/202610-K
09/30/202511/14/202510-Q
06/30/202508/14/202510-Q
03/31/202505/16/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202304/16/202410-K
09/30/202311/14/202310-Q
06/30/202308/21/202310-Q
03/31/202305/15/202310-Q
12/31/202204/17/202310-K
06/30/202209/16/2022424B3
03/31/202206/17/2022S-4

Recent Forward Guidance

Updated 11/2/2026

Latest: Q2 2026 Earnings Reported 8/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Net SalesReported 13.50 Mil 2.3% Higher NewGuidance: 13.20 Mil for Q2 2026
Q3 2026 Adjusted EBITDAReported -2.40 Mil 26.3% Lower NewGuidance: -1.90 Mil for Q2 2026


Prior: Q1 2026 Earnings Reported 5/14/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 RevenueReported 13.20 Mil    
Q2 2026 Revenue GrowthReported 36.0%    
Q2 2026 Adjusted EBITDAReported -1.90 Mil    
Q2 2026 Adjusted EBITDA ImprovementReported 2.70 Mil    
2026 Annualized Net Sales Run RateReported 70.00 Mil    

Q4 2025 Earnings Reported 3/16/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2026 RevenueReported 9.50 Mil -26.9% Lower NewGuidance: 13.00 Mil for Q4 2025
Q1 2026 Adjusted EBITDAReported -4.60 Mil 39.4% Lower NewGuidance: -3.30 Mil for Q4 2025

Q3 2025 Earnings Reported 11/14/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Net SalesReported 13.00 Mil    
Q4 2025 Net Sales GrowthReported 7.0%    
Q4 2025 Adjusted EBITDAReported -3.30 Mil   Lower NewGuidance: -2.70 Mil for Q3 2025
Core Cache Last Updated: 11/10/2026