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Side-by-side financial comparison of Dragonfly Energy Holdings Corp. (DFLI) and Foghorn Therapeutics Inc. (FHTX). Click either name above to swap in a different company.
Dragonfly Energy Holdings Corp. is the larger business by last-quarter revenue ($13.1M vs $9.2M, roughly 1.4× Foghorn Therapeutics Inc.). Foghorn Therapeutics Inc. runs the higher net margin — -234.3% vs -344.9%, a 110.6% gap on every dollar of revenue. On growth, Foghorn Therapeutics Inc. posted the faster year-over-year revenue change (223.8% vs 6.9%). Over the past eight quarters, Foghorn Therapeutics Inc.'s revenue compounded faster (35.3% CAGR vs 2.2%).
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.
Foghorn Therapeutics Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies targeting the chromatin regulatory system to treat various types of cancer and other severe diseases. It advances a diverse pipeline of targeted drug candidates, conducting internal R&D and strategic partnerships to serve global patient populations.
DFLI vs FHTX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.1M | $9.2M |
| Net Profit | $-45.0M | $-21.7M |
| Gross Margin | 18.2% | — |
| Operating Margin | -78.1% | -258.2% |
| Net Margin | -344.9% | -234.3% |
| Revenue YoY | 6.9% | 223.8% |
| Net Profit YoY | -357.6% | -11.1% |
| EPS (diluted) | $-13.09 | $-0.35 |
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.
| Q4 25 | $13.1M | $9.2M | ||
| Q3 25 | $16.0M | $8.2M | ||
| Q2 25 | $16.2M | $7.6M | ||
| Q1 25 | $13.4M | $6.0M | ||
| Q4 24 | $12.2M | $2.9M | ||
| Q3 24 | $12.7M | $7.8M | ||
| Q2 24 | $13.2M | $6.9M | ||
| Q1 24 | $12.5M | $5.0M |
| Q4 25 | $-45.0M | $-21.7M | ||
| Q3 25 | $-11.1M | $-15.8M | ||
| Q2 25 | $-7.0M | $-17.9M | ||
| Q1 25 | $-6.8M | $-18.8M | ||
| Q4 24 | $-9.8M | $-19.5M | ||
| Q3 24 | $-6.8M | $-19.1M | ||
| Q2 24 | $-13.6M | $-23.0M | ||
| Q1 24 | $-10.4M | $-25.0M |
| Q4 25 | 18.2% | — | ||
| Q3 25 | 29.7% | — | ||
| Q2 25 | 28.3% | — | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 22.6% | — | ||
| Q2 24 | 24.0% | — | ||
| Q1 24 | 24.4% | — |
| Q4 25 | -78.1% | -258.2% | ||
| Q3 25 | -23.7% | -226.9% | ||
| Q2 25 | -20.2% | -279.2% | ||
| Q1 25 | -44.3% | -385.0% | ||
| Q4 24 | -58.5% | -840.5% | ||
| Q3 24 | -47.4% | -305.5% | ||
| Q2 24 | -51.1% | -386.6% | ||
| Q1 24 | -46.7% | -558.3% |
| Q4 25 | -344.9% | -234.3% | ||
| Q3 25 | -69.3% | -194.4% | ||
| Q2 25 | -43.3% | -237.3% | ||
| Q1 25 | -50.9% | -316.4% | ||
| Q4 24 | -80.6% | -682.9% | ||
| Q3 24 | -53.3% | -244.9% | ||
| Q2 24 | -103.2% | -333.6% | ||
| Q1 24 | -82.9% | -495.4% |
| Q4 25 | $-13.09 | $-0.35 | ||
| Q3 25 | $-0.20 | $-0.25 | ||
| Q2 25 | $-0.58 | $-0.28 | ||
| Q1 25 | $-0.93 | $-0.30 | ||
| Q4 24 | $-54.60 | $-0.23 | ||
| Q3 24 | $-0.11 | $-0.31 | ||
| Q2 24 | $-0.22 | $-0.45 | ||
| Q1 24 | $-0.17 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.3M | $80.9M |
| Total DebtLower is stronger | $19.3M | — |
| Stockholders' EquityBook value | $11.5M | $-108.5M |
| Total Assets | $86.5M | $198.1M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $80.9M | ||
| Q3 25 | $3.8M | $89.3M | ||
| Q2 25 | $2.7M | $72.6M | ||
| Q1 25 | $2.5M | $61.0M | ||
| Q4 24 | $4.8M | $55.5M | ||
| Q3 24 | $8.0M | $57.7M | ||
| Q2 24 | $4.7M | $138.9M | ||
| Q1 24 | $8.5M | $79.3M |
| 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 | — |
| Q4 25 | $11.5M | $-108.5M | ||
| Q3 25 | $-21.6M | $-89.7M | ||
| Q2 25 | $-16.6M | $-76.7M | ||
| Q1 25 | $-15.6M | $-61.7M | ||
| Q4 24 | $-9.4M | $-45.5M | ||
| Q3 24 | $-297.0K | $-28.3M | ||
| Q2 24 | $5.3M | $-14.3M | ||
| Q1 24 | $17.8M | $-97.5M |
| Q4 25 | $86.5M | $198.1M | ||
| Q3 25 | $73.8M | $205.0M | ||
| Q2 25 | $71.8M | $226.2M | ||
| Q1 25 | $74.2M | $258.7M | ||
| Q4 24 | $75.2M | $284.0M | ||
| Q3 24 | $83.9M | $308.4M | ||
| Q2 24 | $85.0M | $328.6M | ||
| Q1 24 | $88.4M | $255.0M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-14.7M | $-22.3M |
| Free Cash FlowOCF − Capex | $-14.9M | — |
| FCF MarginFCF / Revenue | -113.8% | — |
| Capex IntensityCapex / Revenue | 1.1% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.7M | $-22.3M | ||
| Q3 25 | — | $-18.9M | ||
| Q2 25 | — | $-21.0M | ||
| Q1 25 | $-4.5M | $-24.0M | ||
| Q4 24 | $-2.5M | $-24.5M | ||
| Q3 24 | — | $-21.0M | ||
| Q2 24 | — | $-25.5M | ||
| Q1 24 | $-3.4M | $-29.3M |
| Q4 25 | $-14.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-21.0M | ||
| Q1 25 | $-5.3M | $-24.0M | ||
| Q4 24 | $-3.5M | $-25.0M | ||
| Q3 24 | — | $-21.3M | ||
| Q2 24 | — | $-25.6M | ||
| Q1 24 | $-4.2M | $-29.4M |
| Q4 25 | -113.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -278.2% | ||
| Q1 25 | -39.6% | -403.2% | ||
| Q4 24 | -28.6% | -875.3% | ||
| Q3 24 | — | -273.0% | ||
| Q2 24 | — | -371.0% | ||
| Q1 24 | -33.7% | -583.1% |
| Q4 25 | 1.1% | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | 5.8% | 0.5% | ||
| Q4 24 | 8.1% | 16.8% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | 6.5% | 2.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DFLI
| Original Equipment Manufacturers | $8.1M | 62% |
| Sales Channel Directly To Consumer | $4.7M | 36% |
FHTX
Segment breakdown not available.
