Dragonfly Energy (NASDAQ:DFLI) Releases Earnings Results, Misses Estimates By $0.12 EPS

Dragonfly Energy (NASDAQ:DFLI) announced its earnings results on Thursday. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.12), FiscalAI reports. The firm had revenue of $9.70 million for the quarter, compared to analyst estimates of $9.48 million.

Here are the key takeaways from Dragonfly Energy’s conference call:

• Dragonfly Energy said Q1 results came in above guidance for both net sales and adjusted EBITDA, even though the RV market remained soft.
• The company announced its largest trucking order to date, a more than $3 million Stevens Transport purchase covering nearly 500 trucks, with deliveries starting in Q2 and ramping through 2026.
• Management highlighted improving economics in heavy-duty trucking, saying higher diesel prices have shortened payback periods for its solutions to under 10 months, supporting fleet adoption.
• Dragonfly Energy implemented cost cuts that are expected to drive about $9 million in annualized adjusted EBITDA improvement, including workforce and marketing reductions plus lower rental expense.
• For Q2, the company guided to $13.2 million in net sales and a smaller adjusted EBITDA loss of about $1.9 million, while reiterating its long-term target of positive adjusted EBITDA at a roughly $70 million annualized sales run rate.

Dragonfly Energy Price Performance

DFLI stock traded down $0.08 during trading on Friday, hitting $1.85. The stock had a trading volume of 528,057 shares, compared to its average volume of 512,838. The company’s 50 day moving average price is $2.11 and its two-hundred day moving average price is $4.28. Dragonfly Energy has a 1-year low of $1.50 and a 1-year high of $26.10. The stock has a market cap of $22.48 million, a price-to-earnings ratio of -0.08 and a beta of 0.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.31 and a current ratio of 2.54.

Dragonfly Energy News Roundup

Here are the key news stories impacting Dragonfly Energy this week:

• Positive Sentiment: Dragonfly Energy said trucking order momentum is building, and it now expects second-quarter net sales of about $13.2 million, suggesting improving demand trends in that segment. Dragonfly Energy expects Q2 net sales of about $13.2M as trucking order momentum builds
• Positive Sentiment: Quarterly revenue of $9.7 million slightly topped analyst estimates, showing sales held up better than expected despite ongoing profitability challenges. Dragonfly Energy earnings report and transcript
• Neutral Sentiment: Management used the earnings call to discuss a pivot toward trucking, which may broaden the company’s addressable market but still needs execution to show up in results. Dragonfly Energy Earnings Call Highlights Trucking Pivot
• Negative Sentiment: Dragonfly Energy reported a quarterly loss of $0.64 per share, wider than the expected loss of $0.52 per share, reinforcing concerns about profitability. Dragonfly Energy Holdings Corp. (DFLI) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: Although revenue beat forecasts, the earnings miss and modest second-quarter sales outlook likely weighed on sentiment, keeping the stock lower as investors wait for clearer evidence of a turnaround. Dragonfly Energy Reports First Quarter 2026 Results

Analyst Ratings Changes

A number of brokerages have recently commented on DFLI. Wall Street Zen cut shares of Dragonfly Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Zacks Research cut shares of Dragonfly Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 18th. Canaccord Genuity Group cut their target price on shares of Dragonfly Energy from $22.50 to $3.25 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Dragonfly Energy in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Dragonfly Energy has a consensus rating of “Hold” and an average target price of $3.25.

Institutional Investors Weigh In On Dragonfly Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. acquired a new position in shares of Dragonfly Energy during the 4th quarter valued at about $2,285,000. Essex Investment Management Co. LLC purchased a new position in shares of Dragonfly Energy during the 4th quarter worth about $602,000. Jane Street Group LLC purchased a new position in shares of Dragonfly Energy during the 4th quarter worth about $266,000. OMERS ADMINISTRATION Corp acquired a new position in Dragonfly Energy during the fourth quarter worth approximately $47,000. Finally, State Street Corp acquired a new position in Dragonfly Energy during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 8.19% of the company’s stock.

About Dragonfly Energy

Dragonfly Energy Corp. is a designer and manufacturer of lithium iron phosphate (LiFePO4) battery systems geared toward mobile, residential and commercial energy storage applications. The company develops modular battery packs and integrated power management solutions that focus on safety, long cycle life and compact form factors. Dragonfly’s core product lineup includes 12-volt and 24-volt battery modules, as well as multi-unit rack systems tailored for backup power, solar energy storage and off-grid installations.

Serving a broad range of end markets, Dragonfly Energy’s batteries are commonly deployed in recreational vehicles, marine vessels, overland expedition setups and residential solar arrays.