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

First Bancorp, Inc is the larger business by last-quarter revenue ($25.8M vs $13.1M, roughly 2.0× Dragonfly Energy Holdings Corp.). First Bancorp, Inc runs the higher net margin — 39.4% vs -344.9%, a 384.2% gap on every dollar of revenue. On growth, First Bancorp, Inc posted the faster year-over-year revenue change (17.5% vs 6.9%). First Bancorp, Inc produced more free cash flow last quarter ($34.6M vs $-14.9M). Over the past eight quarters, First Bancorp, Inc's revenue compounded faster (18.1% 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.

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

DFLI vs FNLC — Head-to-Head

Bigger by revenue
FNLC
FNLC
2.0× larger
FNLC
$25.8M
$13.1M
DFLI
Growing faster (revenue YoY)
FNLC
FNLC
+10.6% gap
FNLC
17.5%
6.9%
DFLI
Higher net margin
FNLC
FNLC
384.2% more per $
FNLC
39.4%
-344.9%
DFLI
More free cash flow
FNLC
FNLC
$49.5M more FCF
FNLC
$34.6M
$-14.9M
DFLI
Faster 2-yr revenue CAGR
FNLC
FNLC
Annualised
FNLC
18.1%
2.2%
DFLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DFLI
DFLI
FNLC
FNLC
Revenue
$13.1M
$25.8M
Net Profit
$-45.0M
$10.2M
Gross Margin
18.2%
Operating Margin
-78.1%
48.1%
Net Margin
-344.9%
39.4%
Revenue YoY
6.9%
17.5%
Net Profit YoY
-357.6%
39.7%
EPS (diluted)
$-13.09
$0.91

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
DFLI
DFLI
FNLC
FNLC
Q4 25
$13.1M
$25.8M
Q3 25
$16.0M
$24.5M
Q2 25
$16.2M
$22.5M
Q1 25
$13.4M
$21.8M
Q4 24
$12.2M
$22.0M
Q3 24
$12.7M
$20.5M
Q2 24
$13.2M
$19.2M
Q1 24
$12.5M
$18.5M
Net Profit
DFLI
DFLI
FNLC
FNLC
Q4 25
$-45.0M
$10.2M
Q3 25
$-11.1M
$9.1M
Q2 25
$-7.0M
$8.1M
Q1 25
$-6.8M
$7.1M
Q4 24
$-9.8M
$7.3M
Q3 24
$-6.8M
$7.6M
Q2 24
$-13.6M
$6.2M
Q1 24
$-10.4M
$6.0M
Gross Margin
DFLI
DFLI
FNLC
FNLC
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%
Operating Margin
DFLI
DFLI
FNLC
FNLC
Q4 25
-78.1%
48.1%
Q3 25
-23.7%
45.2%
Q2 25
-20.2%
43.7%
Q1 25
-44.3%
39.3%
Q4 24
-58.5%
39.5%
Q3 24
-47.4%
44.6%
Q2 24
-51.1%
38.8%
Q1 24
-46.7%
39.3%
Net Margin
DFLI
DFLI
FNLC
FNLC
Q4 25
-344.9%
39.4%
Q3 25
-69.3%
37.0%
Q2 25
-43.3%
35.8%
Q1 25
-50.9%
32.5%
Q4 24
-80.6%
33.1%
Q3 24
-53.3%
36.9%
Q2 24
-103.2%
32.1%
Q1 24
-82.9%
32.5%
EPS (diluted)
DFLI
DFLI
FNLC
FNLC
Q4 25
$-13.09
$0.91
Q3 25
$-0.20
$0.81
Q2 25
$-0.58
$0.72
Q1 25
$-0.93
$0.63
Q4 24
$-54.60
$0.66
Q3 24
$-0.11
$0.68
Q2 24
$-0.22
$0.55
Q1 24
$-0.17
$0.54

Balance Sheet & Financial Strength

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

Metric
DFLI
DFLI
FNLC
FNLC
Cash + ST InvestmentsLiquidity on hand
$18.3M
Total DebtLower is stronger
$19.3M
$95.5M
Stockholders' EquityBook value
$11.5M
$283.1M
Total Assets
$86.5M
$3.2B
Debt / EquityLower = less leverage
1.68×
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFLI
DFLI
FNLC
FNLC
Q4 25
$18.3M
Q3 25
$3.8M
Q2 25
$2.7M
Q1 25
$2.5M
Q4 24
$4.8M
Q3 24
$8.0M
Q2 24
$4.7M
Q1 24
$8.5M
Total Debt
DFLI
DFLI
FNLC
FNLC
Q4 25
$19.3M
$95.5M
Q3 25
$97.1M
$95.5M
Q2 25
$93.2M
$95.0M
Q1 25
$89.5M
$70.0M
Q4 24
$85.9M
$95.0M
Q3 24
$82.4M
$95.0M
Q2 24
$80.4M
$70.0M
Q1 24
$77.1M
$70.0M
Stockholders' Equity
DFLI
DFLI
FNLC
FNLC
Q4 25
$11.5M
$283.1M
Q3 25
$-21.6M
$274.6M
Q2 25
$-16.6M
$265.5M
Q1 25
$-15.6M
$259.7M
Q4 24
$-9.4M
$252.5M
Q3 24
$-297.0K
$256.8M
Q2 24
$5.3M
$244.7M
Q1 24
$17.8M
$242.6M
Total Assets
DFLI
DFLI
FNLC
FNLC
Q4 25
$86.5M
$3.2B
Q3 25
$73.8M
$3.2B
Q2 25
$71.8M
$3.2B
Q1 25
$74.2M
$3.2B
Q4 24
$75.2M
$3.2B
Q3 24
$83.9M
$3.1B
Q2 24
$85.0M
$3.1B
Q1 24
$88.4M
$3.0B
Debt / Equity
DFLI
DFLI
FNLC
FNLC
Q4 25
1.68×
0.34×
Q3 25
0.35×
Q2 25
0.36×
Q1 25
0.27×
Q4 24
0.38×
Q3 24
0.37×
Q2 24
15.27×
0.29×
Q1 24
4.33×
0.29×

Cash Flow & Capital Efficiency

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

Metric
DFLI
DFLI
FNLC
FNLC
Operating Cash FlowLast quarter
$-14.7M
$37.8M
Free Cash FlowOCF − Capex
$-14.9M
$34.6M
FCF MarginFCF / Revenue
-113.8%
133.9%
Capex IntensityCapex / Revenue
1.1%
12.5%
Cash ConversionOCF / Net Profit
3.72×
TTM Free Cash FlowTrailing 4 quarters
$55.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFLI
DFLI
FNLC
FNLC
Q4 25
$-14.7M
$37.8M
Q3 25
$12.9M
Q2 25
$7.4M
Q1 25
$-4.5M
$2.2M
Q4 24
$-2.5M
$26.0M
Q3 24
$9.8M
Q2 24
$6.4M
Q1 24
$-3.4M
$-1.5M
Free Cash Flow
DFLI
DFLI
FNLC
FNLC
Q4 25
$-14.9M
$34.6M
Q3 25
$12.6M
Q2 25
$7.2M
Q1 25
$-5.3M
$828.0K
Q4 24
$-3.5M
$24.6M
Q3 24
$9.6M
Q2 24
$6.3M
Q1 24
$-4.2M
$-1.8M
FCF Margin
DFLI
DFLI
FNLC
FNLC
Q4 25
-113.8%
133.9%
Q3 25
51.4%
Q2 25
32.1%
Q1 25
-39.6%
3.8%
Q4 24
-28.6%
111.7%
Q3 24
47.0%
Q2 24
32.9%
Q1 24
-33.7%
-9.8%
Capex Intensity
DFLI
DFLI
FNLC
FNLC
Q4 25
1.1%
12.5%
Q3 25
1.2%
Q2 25
0.6%
Q1 25
5.8%
6.2%
Q4 24
8.1%
6.7%
Q3 24
0.5%
Q2 24
0.3%
Q1 24
6.5%
1.8%
Cash Conversion
DFLI
DFLI
FNLC
FNLC
Q4 25
3.72×
Q3 25
1.42×
Q2 25
0.91×
Q1 25
0.31×
Q4 24
3.58×
Q3 24
1.29×
Q2 24
1.03×
Q1 24
-0.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DFLI
DFLI

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

FNLC
FNLC

Segment breakdown not available.

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