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Side-by-side financial comparison of BGSF, INC. (BGSF) and Dragonfly Energy Holdings Corp. (DFLI). Click either name above to swap in a different company.

BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $13.1M, roughly 1.7× Dragonfly Energy Holdings Corp.). BGSF, INC. runs the higher net margin — -5.3% vs -344.9%, a 339.6% gap on every dollar of revenue. On growth, Dragonfly Energy Holdings Corp. posted the faster year-over-year revenue change (6.9% vs -9.4%). BGSF, INC. produced more free cash flow last quarter ($1.7M vs $-14.9M). Over the past eight quarters, Dragonfly Energy Holdings Corp.'s revenue compounded faster (2.2% CAGR vs -5.3%).

BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.

Dragonfly Energy Holdings Corp. is a U.S.-based energy technology company specializing in designing and manufacturing high-performance, sustainable lithium-ion batteries. Its core offerings include deep-cycle batteries for RVs, marine uses, off-grid power systems, and residential energy storage, primarily serving consumer and small industrial renewable energy markets across North America.

BGSF vs DFLI — Head-to-Head

Bigger by revenue
BGSF
BGSF
1.7× larger
BGSF
$22.0M
$13.1M
DFLI
Growing faster (revenue YoY)
DFLI
DFLI
+16.3% gap
DFLI
6.9%
-9.4%
BGSF
Higher net margin
BGSF
BGSF
339.6% more per $
BGSF
-5.3%
-344.9%
DFLI
More free cash flow
BGSF
BGSF
$16.5M more FCF
BGSF
$1.7M
$-14.9M
DFLI
Faster 2-yr revenue CAGR
DFLI
DFLI
Annualised
DFLI
2.2%
-5.3%
BGSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BGSF
BGSF
DFLI
DFLI
Revenue
$22.0M
$13.1M
Net Profit
$-1.2M
$-45.0M
Gross Margin
35.0%
18.2%
Operating Margin
-17.6%
-78.1%
Net Margin
-5.3%
-344.9%
Revenue YoY
-9.4%
6.9%
Net Profit YoY
-18.2%
-357.6%
EPS (diluted)
$-0.12
$-13.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BGSF
BGSF
DFLI
DFLI
Q4 25
$22.0M
$13.1M
Q3 25
$26.9M
$16.0M
Q2 25
$23.5M
$16.2M
Q1 25
$20.9M
$13.4M
Q4 24
$24.3M
$12.2M
Q3 24
$29.8M
$12.7M
Q2 24
$25.7M
$13.2M
Q1 24
$24.5M
$12.5M
Net Profit
BGSF
BGSF
DFLI
DFLI
Q4 25
$-1.2M
$-45.0M
Q3 25
$-5.8M
$-11.1M
Q2 25
$-3.7M
$-7.0M
Q1 25
$-722.0K
$-6.8M
Q4 24
$-981.0K
$-9.8M
Q3 24
$-804.0K
$-6.8M
Q2 24
$-761.0K
$-13.6M
Q1 24
$-792.0K
$-10.4M
Gross Margin
BGSF
BGSF
DFLI
DFLI
Q4 25
35.0%
18.2%
Q3 25
35.9%
29.7%
Q2 25
35.8%
28.3%
Q1 25
36.2%
29.4%
Q4 24
35.9%
20.8%
Q3 24
35.9%
22.6%
Q2 24
37.3%
24.0%
Q1 24
38.1%
24.4%
Operating Margin
BGSF
BGSF
DFLI
DFLI
Q4 25
-17.6%
-78.1%
Q3 25
-3.5%
-23.7%
Q2 25
-18.8%
-20.2%
Q1 25
1.6%
-44.3%
Q4 24
-15.7%
-58.5%
Q3 24
-3.4%
-47.4%
Q2 24
-5.7%
-51.1%
Q1 24
1.7%
-46.7%
Net Margin
BGSF
BGSF
DFLI
DFLI
Q4 25
-5.3%
-344.9%
Q3 25
-21.6%
-69.3%
Q2 25
-15.9%
-43.3%
Q1 25
-3.5%
-50.9%
Q4 24
-4.0%
-80.6%
Q3 24
-2.7%
-53.3%
Q2 24
-3.0%
-103.2%
Q1 24
-3.2%
-82.9%
EPS (diluted)
BGSF
BGSF
DFLI
DFLI
Q4 25
$-0.12
$-13.09
Q3 25
$-0.52
$-0.20
Q2 25
$-0.34
$-0.58
Q1 25
$-0.06
$-0.93
Q4 24
$-54.60
Q3 24
$-0.07
$-0.11
Q2 24
$-0.07
$-0.22
Q1 24
$-0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BGSF
BGSF
DFLI
DFLI
Cash + ST InvestmentsLiquidity on hand
$18.3M
Total DebtLower is stronger
$19.3M
Stockholders' EquityBook value
$48.1M
$11.5M
Total Assets
$57.8M
$86.5M
Debt / EquityLower = less leverage
1.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGSF
BGSF
DFLI
DFLI
Q4 25
$18.3M
Q3 25
$41.2M
$3.8M
Q2 25
$2.8M
$2.7M
Q1 25
$2.0M
$2.5M
Q4 24
$32.0K
$4.8M
Q3 24
$262
$8.0M
Q2 24
$226
$4.7M
Q1 24
$50
$8.5M
Total Debt
BGSF
BGSF
DFLI
DFLI
Q4 25
$19.3M
Q3 25
$97.1M
Q2 25
$93.2M
Q1 25
$89.5M
Q4 24
$85.9M
Q3 24
$82.4M
Q2 24
$80.4M
Q1 24
$77.1M
Stockholders' Equity
BGSF
BGSF
DFLI
DFLI
Q4 25
$48.1M
$11.5M
Q3 25
$50.7M
$-21.6M
Q2 25
$78.3M
$-16.6M
Q1 25
$81.8M
$-15.6M
Q4 24
$82.3M
$-9.4M
Q3 24
$82.9M
$-297.0K
Q2 24
$83.2M
$5.3M
Q1 24
$83.6M
$17.8M
Total Assets
BGSF
BGSF
DFLI
DFLI
Q4 25
$57.8M
$86.5M
Q3 25
$83.6M
$73.8M
Q2 25
$149.7M
$71.8M
Q1 25
$152.3M
$74.2M
Q4 24
$150.1M
$75.2M
Q3 24
$157.3K
$83.9M
Q2 24
$159.8K
$85.0M
Q1 24
$170.6K
$88.4M
Debt / Equity
BGSF
BGSF
DFLI
DFLI
Q4 25
1.68×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
15.27×
Q1 24
4.33×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BGSF
BGSF
DFLI
DFLI
Operating Cash FlowLast quarter
$1.7M
$-14.7M
Free Cash FlowOCF − Capex
$1.7M
$-14.9M
FCF MarginFCF / Revenue
7.6%
-113.8%
Capex IntensityCapex / Revenue
0.1%
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-16.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGSF
BGSF
DFLI
DFLI
Q4 25
$1.7M
$-14.7M
Q3 25
$-4.8M
Q2 25
$2.2M
Q1 25
$1.1M
$-4.5M
Q4 24
$3.2M
$-2.5M
Q3 24
$6.5M
Q2 24
$7.3M
Q1 24
$7.4M
$-3.4M
Free Cash Flow
BGSF
BGSF
DFLI
DFLI
Q4 25
$1.7M
$-14.9M
Q3 25
$-4.9M
Q2 25
$2.1M
Q1 25
$1.0M
$-5.3M
Q4 24
$2.5M
$-3.5M
Q3 24
$6.5M
Q2 24
$7.3M
Q1 24
$6.9M
$-4.2M
FCF Margin
BGSF
BGSF
DFLI
DFLI
Q4 25
7.6%
-113.8%
Q3 25
-18.1%
Q2 25
9.1%
Q1 25
5.0%
-39.6%
Q4 24
10.2%
-28.6%
Q3 24
21.7%
Q2 24
28.5%
Q1 24
28.1%
-33.7%
Capex Intensity
BGSF
BGSF
DFLI
DFLI
Q4 25
0.1%
1.1%
Q3 25
0.4%
Q2 25
0.0%
Q1 25
0.1%
5.8%
Q4 24
3.0%
8.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
2.0%
6.5%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BGSF
BGSF

Contract Field Talent$21.4M97%
Other$595.0K3%

DFLI
DFLI

Original Equipment Manufacturers$8.1M62%
Sales Channel Directly To Consumer$4.7M36%

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