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Side-by-side financial comparison of Dragonfly Energy Holdings Corp. (DFLI) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.
FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $13.1M, roughly 2.0× Dragonfly Energy Holdings Corp.). FRANKLIN STREET PROPERTIES CORP runs the higher net margin — -28.1% vs -344.9%, a 316.8% gap on every dollar of revenue. On growth, Dragonfly Energy Holdings Corp. posted the faster year-over-year revenue change (6.9% vs -8.2%). FRANKLIN STREET PROPERTIES CORP produced more free cash flow last quarter ($-12.7M vs $-14.9M). Over the past eight quarters, Dragonfly Energy Holdings Corp.'s revenue compounded faster (2.2% CAGR vs -8.7%).
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.
Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.
DFLI vs FSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.1M | $26.0M |
| Net Profit | $-45.0M | $-7.3M |
| Gross Margin | 18.2% | 59.4% |
| Operating Margin | -78.1% | -27.9% |
| Net Margin | -344.9% | -28.1% |
| Revenue YoY | 6.9% | -8.2% |
| Net Profit YoY | -357.6% | 14.1% |
| EPS (diluted) | $-13.09 | $-0.06 |
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 | $26.0M | ||
| Q3 25 | $16.0M | $27.3M | ||
| Q2 25 | $16.2M | $26.7M | ||
| Q1 25 | $13.4M | $27.1M | ||
| Q4 24 | $12.2M | $28.4M | ||
| Q3 24 | $12.7M | $29.7M | ||
| Q2 24 | $13.2M | $30.8M | ||
| Q1 24 | $12.5M | $31.2M |
| Q4 25 | $-45.0M | $-7.3M | ||
| Q3 25 | $-11.1M | $-8.3M | ||
| Q2 25 | $-7.0M | $-7.9M | ||
| Q1 25 | $-6.8M | $-21.4M | ||
| Q4 24 | $-9.8M | $-8.5M | ||
| Q3 24 | $-6.8M | $-15.6M | ||
| Q2 24 | $-13.6M | $-21.0M | ||
| Q1 24 | $-10.4M | $-7.6M |
| Q4 25 | 18.2% | 59.4% | ||
| Q3 25 | 29.7% | 60.9% | ||
| Q2 25 | 28.3% | 59.9% | ||
| Q1 25 | 29.4% | 62.8% | ||
| Q4 24 | 20.8% | 59.7% | ||
| Q3 24 | 22.6% | 61.0% | ||
| Q2 24 | 24.0% | 64.2% | ||
| Q1 24 | 24.4% | 64.7% |
| Q4 25 | -78.1% | -27.9% | ||
| Q3 25 | -23.7% | -30.5% | ||
| Q2 25 | -20.2% | -29.2% | ||
| Q1 25 | -44.3% | -78.9% | ||
| Q4 24 | -58.5% | -29.9% | ||
| Q3 24 | -47.4% | -52.4% | ||
| Q2 24 | -51.1% | -68.0% | ||
| Q1 24 | -46.7% | -24.0% |
| Q4 25 | -344.9% | -28.1% | ||
| Q3 25 | -69.3% | -30.5% | ||
| Q2 25 | -43.3% | -29.5% | ||
| Q1 25 | -50.9% | -79.1% | ||
| Q4 24 | -80.6% | -30.0% | ||
| Q3 24 | -53.3% | -52.6% | ||
| Q2 24 | -103.2% | -68.2% | ||
| Q1 24 | -82.9% | -24.2% |
| Q4 25 | $-13.09 | $-0.06 | ||
| Q3 25 | $-0.20 | $-0.08 | ||
| Q2 25 | $-0.58 | $-0.08 | ||
| Q1 25 | $-0.93 | $-0.21 | ||
| Q4 24 | $-54.60 | $-0.09 | ||
| Q3 24 | $-0.11 | $-0.15 | ||
| Q2 24 | $-0.22 | $-0.20 | ||
| Q1 24 | $-0.17 | $-0.07 |
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 | $30.6M |
| Total DebtLower is stronger | $19.3M | — |
| Stockholders' EquityBook value | $11.5M | $607.0M |
| Total Assets | $86.5M | $892.9M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $30.6M | ||
| Q3 25 | $3.8M | $31.4M | ||
| Q2 25 | $2.7M | $29.4M | ||
| Q1 25 | $2.5M | $30.2M | ||
| Q4 24 | $4.8M | $41.1M | ||
| Q3 24 | $8.0M | $40.9M | ||
| Q2 24 | $4.7M | $30.2M | ||
| Q1 24 | $8.5M | $34.2M |
| 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 | $607.0M | ||
| Q3 25 | $-21.6M | $615.3M | ||
| Q2 25 | $-16.6M | $624.7M | ||
| Q1 25 | $-15.6M | $633.4M | ||
| Q4 24 | $-9.4M | $655.9M | ||
| Q3 24 | $-297.0K | $665.4M | ||
| Q2 24 | $5.3M | $682.1M | ||
| Q1 24 | $17.8M | $703.9M |
| Q4 25 | $86.5M | $892.9M | ||
| Q3 25 | $73.8M | $901.0M | ||
| Q2 25 | $71.8M | $903.2M | ||
| Q1 25 | $74.2M | $916.4M | ||
| Q4 24 | $75.2M | $946.9M | ||
| Q3 24 | $83.9M | $981.5M | ||
| Q2 24 | $85.0M | $1.0B | ||
| Q1 24 | $88.4M | $1.0B |
| 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 | $3.8M |
| Free Cash FlowOCF − Capex | $-14.9M | $-12.7M |
| FCF MarginFCF / Revenue | -113.8% | -48.6% |
| Capex IntensityCapex / Revenue | 1.1% | 63.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.7M | $3.8M | ||
| Q3 25 | — | $8.3M | ||
| Q2 25 | — | $-2.9M | ||
| Q1 25 | $-4.5M | $-5.5M | ||
| Q4 24 | $-2.5M | $9.0M | ||
| Q3 24 | — | $14.5M | ||
| Q2 24 | — | $-648.0K | ||
| Q1 24 | $-3.4M | $-7.1M |
| Q4 25 | $-14.9M | $-12.7M | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | — | $-5.7M | ||
| Q1 25 | $-5.3M | $-9.9M | ||
| Q4 24 | $-3.5M | $-16.2M | ||
| Q3 24 | — | $8.6M | ||
| Q2 24 | — | $-5.1M | ||
| Q1 24 | $-4.2M | $-15.8M |
| Q4 25 | -113.8% | -48.6% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | -21.5% | ||
| Q1 25 | -39.6% | -36.7% | ||
| Q4 24 | -28.6% | -57.2% | ||
| Q3 24 | — | 29.1% | ||
| Q2 24 | — | -16.7% | ||
| Q1 24 | -33.7% | -50.8% |
| Q4 25 | 1.1% | 63.0% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | 5.8% | 16.4% | ||
| Q4 24 | 8.1% | 88.9% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 14.6% | ||
| Q1 24 | 6.5% | 28.1% |
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% |
FSP
Segment breakdown not available.
