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

Five Point Holdings, LLC is the larger business by last-quarter revenue ($13.6M vs $13.1M, roughly 1.0× Dragonfly Energy Holdings Corp.). Five Point Holdings, LLC runs the higher net margin — -16.4% vs -344.9%, a 328.5% gap on every dollar of revenue. On growth, Dragonfly Energy Holdings Corp. posted the faster year-over-year revenue change (6.9% vs 3.2%). Over the past eight quarters, Dragonfly Energy Holdings Corp.'s revenue compounded faster (2.2% CAGR vs -48.5%).

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.

Five Point Holdings, LLC is a leading U.S. real estate development company that focuses on planning and constructing large-scale master-planned mixed-use communities in high-demand markets across California. Its projects integrate residential housing, commercial office spaces, retail outlets, public amenities and recreational facilities to build vibrant, sustainable living and working environments for local populations.

DFLI vs FPH — Head-to-Head

Bigger by revenue
FPH
FPH
1.0× larger
FPH
$13.6M
$13.1M
DFLI
Growing faster (revenue YoY)
DFLI
DFLI
+3.7% gap
DFLI
6.9%
3.2%
FPH
Higher net margin
FPH
FPH
328.5% more per $
FPH
-16.4%
-344.9%
DFLI
Faster 2-yr revenue CAGR
DFLI
DFLI
Annualised
DFLI
2.2%
-48.5%
FPH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DFLI
DFLI
FPH
FPH
Revenue
$13.1M
$13.6M
Net Profit
$-45.0M
$-2.2M
Gross Margin
18.2%
Operating Margin
-78.1%
-43.5%
Net Margin
-344.9%
-16.4%
Revenue YoY
6.9%
3.2%
Net Profit YoY
-357.6%
-109.6%
EPS (diluted)
$-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
DFLI
DFLI
FPH
FPH
Q1 26
$13.6M
Q4 25
$13.1M
$75.9M
Q3 25
$16.0M
$13.5M
Q2 25
$16.2M
$7.5M
Q1 25
$13.4M
$13.2M
Q4 24
$12.2M
$159.8M
Q3 24
$12.7M
$17.0M
Q2 24
$13.2M
$51.2M
Net Profit
DFLI
DFLI
FPH
FPH
Q1 26
$-2.2M
Q4 25
$-45.0M
$58.7M
Q3 25
$-11.1M
$21.1M
Q2 25
$-7.0M
$3.3M
Q1 25
$-6.8M
$23.3M
Q4 24
$-9.8M
$121.0M
Q3 24
$-6.8M
$4.8M
Q2 24
$-13.6M
$14.7M
Gross Margin
DFLI
DFLI
FPH
FPH
Q1 26
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%
Operating Margin
DFLI
DFLI
FPH
FPH
Q1 26
-43.5%
Q4 25
-78.1%
89.0%
Q3 25
-23.7%
Q2 25
-20.2%
Q1 25
-44.3%
Q4 24
-58.5%
87.5%
Q3 24
-47.4%
83.6%
Q2 24
-51.1%
86.1%
Net Margin
DFLI
DFLI
FPH
FPH
Q1 26
-16.4%
Q4 25
-344.9%
77.3%
Q3 25
-69.3%
156.2%
Q2 25
-43.3%
44.4%
Q1 25
-50.9%
177.0%
Q4 24
-80.6%
75.7%
Q3 24
-53.3%
28.0%
Q2 24
-103.2%
28.8%
EPS (diluted)
DFLI
DFLI
FPH
FPH
Q1 26
Q4 25
$-13.09
Q3 25
$-0.20
Q2 25
$-0.58
Q1 25
$-0.93
Q4 24
$-54.60
Q3 24
$-0.11
Q2 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
DFLI
DFLI
FPH
FPH
Cash + ST InvestmentsLiquidity on hand
$18.3M
$332.6M
Total DebtLower is stronger
$19.3M
Stockholders' EquityBook value
$11.5M
$2.3B
Total Assets
$86.5M
$3.2B
Debt / EquityLower = less leverage
1.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFLI
DFLI
FPH
FPH
Q1 26
$332.6M
Q4 25
$18.3M
$425.5M
Q3 25
$3.8M
$351.1M
Q2 25
$2.7M
$456.6M
Q1 25
$2.5M
$528.3M
Q4 24
$4.8M
$430.9M
Q3 24
$8.0M
$224.5M
Q2 24
$4.7M
$217.4M
Total Debt
DFLI
DFLI
FPH
FPH
Q1 26
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
Stockholders' Equity
DFLI
DFLI
FPH
FPH
Q1 26
$2.3B
Q4 25
$11.5M
$2.3B
Q3 25
$-21.6M
$2.3B
Q2 25
$-16.6M
$2.2B
Q1 25
$-15.6M
$2.2B
Q4 24
$-9.4M
$2.2B
Q3 24
$-297.0K
$2.0B
Q2 24
$5.3M
$2.0B
Total Assets
DFLI
DFLI
FPH
FPH
Q1 26
$3.2B
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
$3.1B
Q3 24
$83.9M
$2.9B
Q2 24
$85.0M
$2.9B
Debt / Equity
DFLI
DFLI
FPH
FPH
Q1 26
Q4 25
1.68×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
15.27×

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
FPH
FPH
Operating Cash FlowLast quarter
$-14.7M
$-44.5M
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.

Operating Cash Flow
DFLI
DFLI
FPH
FPH
Q1 26
$-44.5M
Q4 25
$-14.7M
$105.2M
Q3 25
$40.4M
Q2 25
$-71.6M
Q1 25
$-4.5M
$56.7M
Q4 24
$-2.5M
$116.0M
Q3 24
$-18.0M
Q2 24
$-23.2M
Free Cash Flow
DFLI
DFLI
FPH
FPH
Q1 26
Q4 25
$-14.9M
$105.0M
Q3 25
Q2 25
$-71.7M
Q1 25
$-5.3M
$56.7M
Q4 24
$-3.5M
$115.2M
Q3 24
$-18.2M
Q2 24
$-23.6M
FCF Margin
DFLI
DFLI
FPH
FPH
Q1 26
Q4 25
-113.8%
138.4%
Q3 25
Q2 25
-959.3%
Q1 25
-39.6%
430.9%
Q4 24
-28.6%
72.1%
Q3 24
-106.9%
Q2 24
-46.1%
Capex Intensity
DFLI
DFLI
FPH
FPH
Q1 26
0.0%
Q4 25
1.1%
0.3%
Q3 25
0.0%
Q2 25
0.8%
Q1 25
5.8%
0.3%
Q4 24
8.1%
0.5%
Q3 24
1.3%
Q2 24
0.7%
Cash Conversion
DFLI
DFLI
FPH
FPH
Q1 26
Q4 25
1.79×
Q3 25
1.92×
Q2 25
-21.58×
Q1 25
2.44×
Q4 24
0.96×
Q3 24
-3.77×
Q2 24
-1.58×

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%

FPH
FPH

Segment breakdown not available.

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