Dragonfly Energy (DFLI)
Market Price (5/6/2026): $2.13 | Market Cap: $25.7 MilSector: Industrials | Industry: Electrical Components & Equipment
Dragonfly Energy (DFLI)
Market Price (5/6/2026): $2.13Market Cap: $25.7 MilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16% Megatrend and thematic driversMegatrends include Battery Technology & Metals, Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Advanced Battery Components, Show more. | Weak multi-year price returns2Y Excs Rtn is -141%, 3Y Excs Rtn is -174% Meaningful short interestShort 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 10% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -21 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -35% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 57% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -48% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -281% High stock price volatilityVol 12M is 218% Key risksDFLI key risks include [1] its precarious financial health which necessitates continuous, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16% |
| Megatrend and thematic driversMegatrends include Battery Technology & Metals, Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Advanced Battery Components, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -141%, 3Y Excs Rtn is -174% |
| Meaningful short interestShort 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 10% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -21 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -35% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 57% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -48% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -281% |
| High stock price volatilityVol 12M is 218% |
| Key risksDFLI key risks include [1] its precarious financial health which necessitates continuous, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Dragonfly Energy (DFLI) experienced a significant decline of approximately 46.8% from January 31, 2026 ($3.91), to May 1, 2026 ($2.08), largely driven by a substantial earnings miss and continued net losses. The company reported Q4 2025 earnings on March 15, 2026, with an Earnings Per Share (EPS) of -$4.57, vastly missing analyst estimates of -$0.80 by 471.25%. Furthermore, Dragonfly Energy posted a full-year net loss of $45 million, a significant increase from the $9.8 million net loss in the previous year.
2. Weakness in the Direct-to-Consumer (DTC) segment and broader recreational vehicle (RV) market headwinds contributed to the stock's negative trend. While Dragonfly Energy has been strategically shifting its focus towards Original Equipment Manufacturer (OEM) and commercial markets, its DTC revenue declined to $4.7 million in Q4 2025 from $5.7 million in Q4 2024. This decline occurred amidst a normalizing RV market, which saw new RV retail sales decrease by 7.37% in October and 11.68% in November 2025, alongside caution among buyers due to elevated interest rates.
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Stock Movement Drivers
Fundamental Drivers
The -34.7% change in DFLI stock from 1/31/2026 to 5/5/2026 was primarily driven by a -53.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312026 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.20 | 2.09 | -34.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 58 | 59 | 1.5% |
| P/S Multiple | 0.3 | 0.4 | 38.5% |
| Shares Outstanding (Mil) | 6 | 12 | -53.5% |
| Cumulative Contribution | -34.7% |
Market Drivers
1/31/2026 to 5/5/2026| Return | Correlation | |
|---|---|---|
| DFLI | -34.7% | |
| Market (SPY) | 3.6% | 43.6% |
| Sector (XLI) | 4.5% | 40.1% |
Fundamental Drivers
The -83.1% change in DFLI stock from 10/31/2025 to 5/5/2026 was primarily driven by a -89.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.40 | 2.09 | -83.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 55 | 59 | 7.5% |
| P/S Multiple | 0.3 | 0.4 | 55.4% |
| Shares Outstanding (Mil) | 1 | 12 | -89.9% |
| Cumulative Contribution | -83.1% |
Market Drivers
10/31/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| DFLI | -83.1% | |
| Market (SPY) | 5.5% | 34.7% |
| Sector (XLI) | 11.9% | 36.7% |
Fundamental Drivers
The -66.2% change in DFLI stock from 4/30/2025 to 5/5/2026 was primarily driven by a -94.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.18 | 2.09 | -66.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 51 | 59 | 15.8% |
| P/S Multiple | 0.1 | 0.4 | 397.1% |
| Shares Outstanding (Mil) | 1 | 12 | -94.1% |
| Cumulative Contribution | -66.2% |
Market Drivers
4/30/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| DFLI | -66.2% | |
| Market (SPY) | 30.4% | 15.9% |
| Sector (XLI) | 33.2% | 15.2% |
Fundamental Drivers
The -99.5% change in DFLI stock from 4/30/2023 to 5/5/2026 was primarily driven by a -96.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302023 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 455.40 | 2.09 | -99.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 86 | 59 | -32.0% |
| P/S Multiple | 2.5 | 0.4 | -83.0% |
| Shares Outstanding (Mil) | 0 | 12 | -96.0% |
| Cumulative Contribution | -99.5% |
Market Drivers
4/30/2023 to 5/5/2026| Return | Correlation | |
|---|---|---|
| DFLI | -99.5% | |
| Market (SPY) | 78.7% | 14.1% |
| Sector (XLI) | 80.3% | 14.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DFLI Return | 2% | 19% | -95% | -43% | -89% | -35% | -100% |
| Peers Return | -44% | -33% | 20% | 55% | 28% | 3% | -8% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 92% |
Monthly Win Rates [3] | |||||||
| DFLI Win Rate | 60% | 75% | 17% | 25% | 33% | 40% | |
| Peers Win Rate | 35% | 37% | 50% | 42% | 50% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 40% | |
Max Drawdowns [4] | |||||||
| DFLI Max Drawdown | -0% | -26% | -96% | -43% | -94% | -49% | |
| Peers Max Drawdown | -49% | -49% | -17% | -29% | -29% | -20% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ENS, ULBI, FLUX, CBAT, 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 5/5/2026 (YTD)
How Low Can It Go
| Event | DFLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -25.9% | -24.5% |
| % Gain to Breakeven | 34.9% | 32.4% |
| Time to Breakeven | 49 days | 427 days |
In The Past
Dragonfly Energy's stock fell -25.9% during the 2022 Inflation Shock & Fed Tightening. Such a loss loss requires a 34.9% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | DFLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -25.9% | -24.5% |
| % Gain to Breakeven | 34.9% | 32.4% |
| Time to Breakeven | 49 days | 427 days |
In The Past
Dragonfly Energy's stock fell -25.9% during the 2022 Inflation Shock & Fed Tightening. Such a loss loss requires a 34.9% 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)
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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:
- 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.
- 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.
- 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.
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Here are the key risks to Dragonfly Energy (DFLI):- 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.
- 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.
- 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.
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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:
- 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.
- 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.
- 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.
- 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.
- 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.
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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
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Dragonfly Energy Earnings Notes | 12/16/2025 | |
| Day 5 of Gains Streak for Dragonfly Energy Stock with 133% Return (vs. -76% YTD) [9/29/2025] | 09/30/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to DFLI.
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|---|---|---|---|---|---|---|---|
| 04302026 | GEO | GEO | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | RUN | Sunrun | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.0% | 0.0% | 0.0% |
| 04172026 | RSG | Republic Services | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -1.1% |
| 04102026 | VRSK | Verisk Analytics | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.3% | 12.3% | 0.0% |
| 04102026 | UHAL | U-Haul | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -1.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 4.16 |
| Mkt Cap | 0.1 |
| Rev LTM | 153 |
| Op Inc LTM | -11 |
| FCF LTM | -3 |
| FCF 3Y Avg | 1 |
| CFO LTM | 2 |
| CFO 3Y Avg | 3 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.1% |
| Rev Chg 3Y Avg | -0.1% |
| Rev Chg Q | 8.7% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | -14.5% |
| Op Inc Chg 3Y Avg | 23.8% |
| Op Mgn LTM | -7.9% |
| Op Mgn 3Y Avg | -5.0% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | -3.2% |
| CFO/Rev 3Y Avg | 0.2% |
| FCF/Rev LTM | -5.9% |
| FCF/Rev 3Y Avg | -1.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.1 |
| P/S | 0.5 |
| P/Op Inc | -2.5 |
| P/EBIT | -2.9 |
| P/E | -3.5 |
| P/CFO | 0.2 |
| Total Yield | -16.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -2.5% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 14.2% |
| 3M Rtn | 2.1% |
| 6M Rtn | -26.1% |
| 12M Rtn | 10.8% |
| 3Y Rtn | 37.0% |
| 1M Excs Rtn | -3.0% |
| 3M Excs Rtn | -2.9% |
| 6M Excs Rtn | -36.0% |
| 12M Excs Rtn | -19.4% |
| 3Y Excs Rtn | -43.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 |
|---|---|---|
| Direct-to-consumers (DTC) | 37 | |
| Original equipment manufacturers (OEM) | 28 | |
| Other | 0 | |
| Single Segment | 86 | |
| Total | 64 | 86 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Direct-to-consumers (DTC) | 6 | |
| Original equipment manufacturers (OEM) | -0 | |
| Other | -33 | |
| Total | -27 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Direct-to-consumers (DTC) | 6 | |
| Original equipment manufacturers (OEM) | -0 | |
| Other | -20 | |
| Total | -14 |
Price Behavior
| Market Price | $2.09 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 08/24/2021 | |
| Distance from 52W High | -89.4% | |
| 50 Days | 200 Days | |
| DMA Price | $2.20 | $4.88 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -5.1% | -57.2% |
| 3M | 1YR | |
| Volatility | 98.9% | 218.8% |
| Downside Capture | 1.66 | 2.21 |
| Upside Capture | 119.49 | 177.83 |
| Correlation (SPY) | 43.0% | 16.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.98 | 2.59 | 2.75 | 3.34 | 2.79 | 1.44 |
| Up Beta | 3.18 | 3.99 | 4.52 | 3.86 | 0.46 | -0.30 |
| Down Beta | 17.09 | 4.30 | 3.97 | 2.56 | 4.77 | 2.44 |
| Up Capture | 215% | 55% | 27% | 109% | 231% | 32% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 10 | 19 | 28 | 54 | 108 | 320 |
| Down Capture | 284% | 229% | 256% | 283% | 205% | 113% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 12 | 24 | 36 | 70 | 142 | 421 |
[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 | -65.3% | 218.3% | 0.41 | - |
| Sector ETF (XLI) | 30.0% | 15.4% | 1.50 | 15.3% |
| Equity (SPY) | 27.8% | 12.5% | 1.73 | 16.0% |
| Gold (GLD) | 40.6% | 27.2% | 1.23 | 12.3% |
| Commodities (DBC) | 50.1% | 18.0% | 2.16 | 4.8% |
| Real Estate (VNQ) | 11.0% | 13.4% | 0.53 | 22.9% |
| Bitcoin (BTCUSD) | -17.3% | 42.2% | -0.34 | 18.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DFLI | |
|---|---|---|---|---|
| DFLI | -70.3% | 151.0% | -0.28 | - |
| Sector ETF (XLI) | 12.8% | 17.4% | 0.58 | 11.1% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 10.3% |
| Gold (GLD) | 20.2% | 17.9% | 0.92 | 9.5% |
| Commodities (DBC) | 14.0% | 19.1% | 0.60 | 6.4% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.09 | 8.7% |
| Bitcoin (BTCUSD) | 7.9% | 56.2% | 0.35 | 6.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DFLI | |
|---|---|---|---|---|
| DFLI | -45.5% | 151.0% | -0.28 | - |
| Sector ETF (XLI) | 13.8% | 19.9% | 0.61 | 11.1% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 10.3% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 9.5% |
| Commodities (DBC) | 9.6% | 17.7% | 0.45 | 6.4% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 8.7% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.06 | 6.5% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/16/2026 | -21.9% | -29.1% | -29.8% |
| 10/14/2025 | -2.5% | -19.7% | -46.8% |
| 7/29/2025 | 3.6% | -29.2% | -9.9% |
| 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% |
| 4/15/2024 | 36.5% | 63.0% | 173.3% |
| 11/13/2023 | -22.1% | -10.3% | -21.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 2 | 2 | 3 |
| # Negative | 9 | 9 | 8 |
| Median Positive | 20.1% | 33.1% | 73.7% |
| Median Negative | -10.8% | -24.6% | -25.5% |
| Max Positive | 36.5% | 63.0% | 173.3% |
| Max Negative | -29.3% | -30.9% | -60.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/30/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/16/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/16/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/21/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 06/30/2022 | 09/16/2022 | 424B3 |
| 03/31/2022 | 06/17/2022 | S-4 |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 3/16/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 9.50 Mil | -26.9% | Lowered | Guidance: 13.00 Mil for Q4 2025 | |||
| Q1 2026 Adjusted EBITDA | -4.60 Mil | 39.4% | Lowered | Guidance: -3.30 Mil for Q4 2025 | |||
Prior: Q3 2025 Earnings Reported 11/14/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 13.00 Mil | -18.2% | Lower New | Guidance: 15.90 Mil for Q3 2025 | |||
| Q4 2025 Revenue Growth | 7.0% | ||||||
| Q4 2025 Adjusted EBITDA | -3.30 Mil | 22.2% | Lower New | Guidance: -2.70 Mil for Q3 2025 | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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