Dragonfly Energy Holdings Corp. filed its quarterly report on Form 10-Q with the SEC on November 13, 2026, covering the three and nine months ended September 30, 2026, and disclosing a quarterly net loss of $5.539 million alongside a 1-for-8 reverse stock split effected on October 12, 2026.

Key Highlights

  • Net loss of $5.539 million for the three months ended September 30, 2026, compared to a net loss of $11.070 million in the same period of 2025, according to the filing.
  • Net sales of $12.174 million for Q3 2026, down from $15.967 million in Q3 2025, as reported in the filing.
  • Gross profit of $3.285 million for Q3 2026, compared to $4.736 million in Q3 2025.
  • Accumulated deficit of $168.643 million as of September 30, 2026, versus $152.093 million as of December 31, 2025.
  • 1-for-8 reverse stock split effected on October 12, 2026; all share and per share data in the filing has been adjusted to reflect this split.
  • 1,948,863 shares of common stock issued and outstanding as of November 10, 2026, per the filing.
  • Total assets of $69.026 million as of September 30, 2026, down from $86.549 million as of December 31, 2025.

Dragonfly Energy Reports Q3 2026 Financial Results and Balance Sheet Position

According to the Form 10-Q filed by Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) for the quarterly period ended September 30, 2026, the company reported net sales of $12.174 million for Q3 2026, a decline from $15.967 million in Q3 2025. For the nine months ended September 30, 2026, net sales totaled $35.037 million, compared to $45.571 million for the same period in 2025. Cost of goods sold for Q3 2026 was $8.889 million, yielding a gross profit of $3.285 million.

Total operating expenses for Q3 2026 were $7.338 million, including general and administrative expenses of $5.112 million, selling and marketing of $1.593 million, and research and development of $633 thousand. The loss from operations for the quarter was $4.053 million. Interest expense, net, was $1.774 million for Q3 2026, a reduction from $6.409 million in Q3 2025. Net loss attributable to common stockholders for Q3 2026 was $6.707 million, after deducting preferred stock dividends of $1.168 million, resulting in a basic and diluted loss per share of $3.71.

The filing disclosed that total assets stood at $69.026 million as of September 30, 2026, compared to $86.549 million as of December 31, 2025. Cash and cash equivalents declined to $1.941 million from $18.270 million over the same period. Notes payable, current portion, net, increased to $12.483 million from $433 thousand. Total stockholders' equity shifted to a deficit of $4.544 million as of September 30, 2026, from positive equity of $11.530 million as of December 31, 2025. The company also reported 25,000 shares of Series B preferred stock issued and outstanding as of September 30, 2026, carried at $24.122 million as redeemable preferred stock.

What Was Disclosed

Dragonfly Energy Holdings Corp. disclosed its unaudited condensed consolidated financial results for Q3 and the nine months ended September 30, 2026, including declining revenues, an increased accumulated deficit, reduced total assets, and details of a 1-for-8 reverse stock split effected October 12, 2026.