Revenue: As of FY2025, the actual value is USD 58.63 M.EPS: As of FY2025, the actual value is USD -14.8.EBIT: As of FY2025, the actual value is USD -2.908 M.<h4>Segment Revenue</h4><ul><li>Total Net Sales: Increased by $8.0 million, or 15.8%, to $58.6 million for the year ended December 31, 2025, compared to $50.6 million for the year ended December 31, 2024.<ul><li>DTC (Direct-to-Consumer) Revenue: Decreased by $1.9 million for the year ended December 31, 2025, representing 35.3% of net sales in 2025 and 44.7% in 2024.</li><li>OEM Sales: Increased to $36.934 million in 2025 from $27.612 million in 2024, accounting for 63.0% of total revenues in 2025, up from 54.5% in 2024.</li><li>Licensing Revenue: Reached $1.0 million in 2025, an increase from $0.417 million in 2024, with a contract expected to bring $30 million over seven years starting in 2025.</li></ul></li></ul><h4>Operational Metrics</h4><ul><li>Batteries Sold: 43,129 units in 2025, compared to 42,447 units in 2024.</li><li>Cost of Goods Sold: Increased by $4.0 million, or 10.2%, to $43.0 million for the year ended December 31, 2025, compared to $39.0 million in 2024, due to higher unit volume and increased overhead.</li><li>Gross Profit: Increased by $4.0 million, or 34.6%, to $15.7 million for the year ended December 31, 2025, compared to $11.6 million in 2024.</li><li>Gross Profit Percentage: Increased by 3.7% to 26.7% in 2025, primarily due to sales of higher-margin accessory units and assemblies.</li><li>Operating Expenses: Totaled $38.820 million in 2025, compared to $37.385 million in 2024.<ul><li>Research and Development (R&amp;D): Decreased by $2.5 million, or 45.3%, to $3.0 million in 2025, compared to $5.5 million in 2024, mainly due to lower employee-related expenses and reduced headcount.</li><li>General and Administrative (G&amp;A): Increased by $3.8 million, or 17.1%, to $25.7 million in 2025, compared to $21.9 million in 2024, driven by debt restructuring expenses, higher personnel costs, and building/depreciation expenses, partially offset by reductions in other fees.</li><li>Selling and Marketing: Increased by $0.2 million, or 1.5%, to $10.2 million in 2025, compared to $10.0 million in 2024, primarily due to higher shipping costs from increased unit sales volume.</li><li>Loss on impairment of right-of-use assets: $2.667 million in 2025.</li></ul></li><li>Loss From Operations: - $23.173 million in 2025, compared to - $25.759 million in 2024.</li><li>Total Other Expense: - $46.9 million in 2025, compared to - $14.9 million in 2024, including a $31.8 million debt extinguishment expense and - $20.3 million in interest expense.</li><li>Net Loss: - $69.9 million for the year ended December 31, 2025, compared to - $40.6 million for the year ended December 31, 2024, largely due to debt extinguishment expense.</li><li>Net Loss Attributable to Common Shareholders: - $70.808 million in 2025, compared to - $40.615 million in 2024.</li><li>Adjusted EBITDA: - $11.795 million in 2025, compared to - $18.500 million in 2024.</li></ul><h4>Cash Flow</h4><ul><li>Cash and Cash Equivalents: $18.3 million as of December 31, 2025.</li><li>Net Cash Used in Operating Activities: - $26.0 million for the year ended December 31, 2025, primarily due to net loss and changes in warrant liability, partially offset by debt extinguishment and payment-in-kind interest.</li><li>Net Cash Used in Investing Activities: - $2.0 million for the year ended December 31, 2025, mainly for capital expenses in the core battery business.</li><li>Net Cash Provided by Financing Activities: $41.3 million for the year ended December 31, 2025, primarily from net proceeds of several offerings, partially offset by a - $49.1 million partial repayment of the Term Loan.</li></ul><h4>Unique Metrics</h4><ul><li>Proprietary Dry-Electrode Cell Manufacturing: The pilot line construction was completed in July 2023, with anode and cathode material production demonstrated in August and October 2023, respectively, resulting in a 9% reduced carbon footprint and 71% reduction in energy usage during electrode manufacturing.</li><li>Solid-State Technology: The company is cycling solid-state coin cells, but prototype pouch cell production is delayed until at least early 2027.</li></ul><h4>Outlook / Guidance</h4><ul><li>The company anticipates continued growth in 2026, driven by expanded OEM customer adoption and broader deployment of power system components, with further growth expected in industrial and heavy-duty trucking markets while direct-to-consumer sales remain relatively flat.</li><li>Research and Development expenses are projected to be stable, while General and Administrative and Selling and Marketing expenses are expected to decrease as a percentage of revenue from Q2 2026 due to cost reduction measures, though cost of goods sold is expected to increase due to anticipated revenue growth and higher tariffs, partially offset by automation initiatives.</li><li>While the December 31, 2025, cash balance is expected to fund operations through the end of 2026, the company anticipates needing additional funds through equity, debt, or credit to support ongoing costs, R&amp;D, facility expansion, and strategic investments beyond that period.</li></ul>

DRAGONFLY ENERGY HOLDINGS CORP C/WTS 07/10/2027 (TO PUR COM) | 10-K: FY2025 Revenue: USD 58.63 M