vs

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

FrontView REIT, Inc. is the larger business by last-quarter revenue ($16.5M vs $13.1M, roughly 1.3× Dragonfly Energy Holdings Corp.). FrontView REIT, Inc. runs the higher net margin — -24.9% vs -344.9%, a 320.0% gap on every dollar of revenue.

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.

DFLI vs FVR — Head-to-Head

Bigger by revenue
FVR
FVR
1.3× larger
FVR
$16.5M
$13.1M
DFLI
Higher net margin
FVR
FVR
320.0% more per $
FVR
-24.9%
-344.9%
DFLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DFLI
DFLI
FVR
FVR
Revenue
$13.1M
$16.5M
Net Profit
$-45.0M
$-4.1M
Gross Margin
18.2%
Operating Margin
-78.1%
Net Margin
-344.9%
-24.9%
Revenue YoY
6.9%
Net Profit YoY
-357.6%
EPS (diluted)
$-13.09
$-0.19

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
FVR
FVR
Q4 25
$13.1M
$16.5M
Q3 25
$16.0M
$16.8M
Q2 25
$16.2M
$17.6M
Q1 25
$13.4M
$16.2M
Q4 24
$12.2M
Q3 24
$12.7M
$14.5M
Q2 24
$13.2M
Q1 24
$12.5M
Net Profit
DFLI
DFLI
FVR
FVR
Q4 25
$-45.0M
$-4.1M
Q3 25
$-11.1M
$4.0M
Q2 25
$-7.0M
$-2.9M
Q1 25
$-6.8M
$-833.0K
Q4 24
$-9.8M
Q3 24
$-6.8M
$-2.4M
Q2 24
$-13.6M
Q1 24
$-10.4M
Gross Margin
DFLI
DFLI
FVR
FVR
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
FVR
FVR
Q4 25
-78.1%
Q3 25
-23.7%
Q2 25
-20.2%
Q1 25
-44.3%
Q4 24
-58.5%
Q3 24
-47.4%
Q2 24
-51.1%
Q1 24
-46.7%
Net Margin
DFLI
DFLI
FVR
FVR
Q4 25
-344.9%
-24.9%
Q3 25
-69.3%
23.9%
Q2 25
-43.3%
-16.5%
Q1 25
-50.9%
-5.1%
Q4 24
-80.6%
Q3 24
-53.3%
-16.7%
Q2 24
-103.2%
Q1 24
-82.9%
EPS (diluted)
DFLI
DFLI
FVR
FVR
Q4 25
$-13.09
$-0.19
Q3 25
$-0.20
$0.19
Q2 25
$-0.58
$-0.16
Q1 25
$-0.93
$-0.06
Q4 24
$-54.60
Q3 24
$-0.11
Q2 24
$-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
DFLI
DFLI
FVR
FVR
Cash + ST InvestmentsLiquidity on hand
$18.3M
$13.5M
Total DebtLower is stronger
$19.3M
$314.3M
Stockholders' EquityBook value
$11.5M
$391.2M
Total Assets
$86.5M
$854.4M
Debt / EquityLower = less leverage
1.68×
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFLI
DFLI
FVR
FVR
Q4 25
$18.3M
$13.5M
Q3 25
$3.8M
$19.6M
Q2 25
$2.7M
$8.4M
Q1 25
$2.5M
$3.3M
Q4 24
$4.8M
Q3 24
$8.0M
Q2 24
$4.7M
Q1 24
$8.5M
Total Debt
DFLI
DFLI
FVR
FVR
Q4 25
$19.3M
$314.3M
Q3 25
$97.1M
$307.1M
Q2 25
$93.2M
$316.9M
Q1 25
$89.5M
$310.2M
Q4 24
$85.9M
Q3 24
$82.4M
Q2 24
$80.4M
Q1 24
$77.1M
Stockholders' Equity
DFLI
DFLI
FVR
FVR
Q4 25
$11.5M
$391.2M
Q3 25
$-21.6M
$385.2M
Q2 25
$-16.6M
$369.9M
Q1 25
$-15.6M
$324.7M
Q4 24
$-9.4M
Q3 24
$-297.0K
$1.0K
Q2 24
$5.3M
Q1 24
$17.8M
Total Assets
DFLI
DFLI
FVR
FVR
Q4 25
$86.5M
$854.4M
Q3 25
$73.8M
$846.8M
Q2 25
$71.8M
$856.5M
Q1 25
$74.2M
$860.8M
Q4 24
$75.2M
Q3 24
$83.9M
$1.0K
Q2 24
$85.0M
Q1 24
$88.4M
Debt / Equity
DFLI
DFLI
FVR
FVR
Q4 25
1.68×
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
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
DFLI
DFLI
FVR
FVR
Operating Cash FlowLast quarter
$-14.7M
$42.1M
Free Cash FlowOCF − Capex
$-14.9M
FCF MarginFCF / Revenue
-113.8%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFLI
DFLI
FVR
FVR
Q4 25
$-14.7M
$42.1M
Q3 25
$8.3M
Q2 25
$9.3M
Q1 25
$-4.5M
$8.1M
Q4 24
$-2.5M
Q3 24
Q2 24
Q1 24
$-3.4M
Free Cash Flow
DFLI
DFLI
FVR
FVR
Q4 25
$-14.9M
Q3 25
Q2 25
Q1 25
$-5.3M
Q4 24
$-3.5M
Q3 24
Q2 24
Q1 24
$-4.2M
FCF Margin
DFLI
DFLI
FVR
FVR
Q4 25
-113.8%
Q3 25
Q2 25
Q1 25
-39.6%
Q4 24
-28.6%
Q3 24
Q2 24
Q1 24
-33.7%
Capex Intensity
DFLI
DFLI
FVR
FVR
Q4 25
1.1%
Q3 25
Q2 25
Q1 25
5.8%
Q4 24
8.1%
Q3 24
Q2 24
Q1 24
6.5%
Cash Conversion
DFLI
DFLI
FVR
FVR
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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%

FVR
FVR

Segment breakdown not available.

Related Comparisons