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Side-by-side financial comparison of Dragonfly Energy Holdings Corp. (DFLI) and NexPoint Real Estate Finance, Inc. (NREF). 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 $11.1M, roughly 1.2× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -344.9%, a 561.5% gap on every dollar of revenue. On growth, Dragonfly Energy Holdings Corp. posted the faster year-over-year revenue change (6.9% vs -48.8%).
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.
NexPoint Real Estate Finance, Inc. is a US-based commercial real estate finance firm that offers structured financing solutions for multifamily, office, industrial, and hospitality properties. It focuses on originating, managing and servicing a diversified portfolio of mortgage loans and real estate-related investments to deliver stable risk-adjusted returns to stakeholders.
DFLI vs NREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.1M | $11.1M |
| Net Profit | $-45.0M | $24.0M |
| Gross Margin | 18.2% | — |
| Operating Margin | -78.1% | — |
| Net Margin | -344.9% | 216.6% |
| Revenue YoY | 6.9% | -48.8% |
| Net Profit YoY | -357.6% | 58.7% |
| EPS (diluted) | $-13.09 | $0.47 |
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 | $11.1M | ||
| Q3 25 | $16.0M | $12.5M | ||
| Q2 25 | $16.2M | $12.1M | ||
| Q1 25 | $13.4M | $11.5M | ||
| Q4 24 | $12.2M | $21.7M | ||
| Q3 24 | $12.7M | $12.5M | ||
| Q2 24 | $13.2M | $6.7M | ||
| Q1 24 | $12.5M | $-12.8M |
| Q4 25 | $-45.0M | $24.0M | ||
| Q3 25 | $-11.1M | $50.9M | ||
| Q2 25 | $-7.0M | $22.3M | ||
| Q1 25 | $-6.8M | $26.0M | ||
| Q4 24 | $-9.8M | $15.2M | ||
| Q3 24 | $-6.8M | $23.3M | ||
| Q2 24 | $-13.6M | $12.1M | ||
| Q1 24 | $-10.4M | $-14.6M |
| 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% | — | ||
| 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% | — |
| Q4 25 | -344.9% | 216.6% | ||
| Q3 25 | -69.3% | 407.0% | ||
| Q2 25 | -43.3% | 184.5% | ||
| Q1 25 | -50.9% | 225.6% | ||
| Q4 24 | -80.6% | 69.9% | ||
| Q3 24 | -53.3% | 186.4% | ||
| Q2 24 | -103.2% | 179.7% | ||
| Q1 24 | -82.9% | 114.3% |
| Q4 25 | $-13.09 | $0.47 | ||
| Q3 25 | $-0.20 | $1.14 | ||
| Q2 25 | $-0.58 | $0.54 | ||
| Q1 25 | $-0.93 | $0.70 | ||
| Q4 24 | $-54.60 | $0.71 | ||
| Q3 24 | $-0.11 | $0.74 | ||
| Q2 24 | $-0.22 | $0.40 | ||
| Q1 24 | $-0.17 | $-0.83 |
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 | $31.1M |
| Total DebtLower is stronger | $19.3M | $771.2M |
| Stockholders' EquityBook value | $11.5M | $388.0M |
| Total Assets | $86.5M | $5.3B |
| Debt / EquityLower = less leverage | 1.68× | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $31.1M | ||
| Q3 25 | $3.8M | $17.9M | ||
| Q2 25 | $2.7M | $9.1M | ||
| Q1 25 | $2.5M | $19.2M | ||
| Q4 24 | $4.8M | $3.9M | ||
| Q3 24 | $8.0M | $34.7M | ||
| Q2 24 | $4.7M | $4.3M | ||
| Q1 24 | $8.5M | $13.5M |
| Q4 25 | $19.3M | $771.2M | ||
| Q3 25 | $97.1M | $720.9M | ||
| Q2 25 | $93.2M | $815.6M | ||
| Q1 25 | $89.5M | $831.5M | ||
| Q4 24 | $85.9M | $799.3M | ||
| Q3 24 | $82.4M | $815.5M | ||
| Q2 24 | $80.4M | $861.0M | ||
| Q1 24 | $77.1M | $843.3M |
| Q4 25 | $11.5M | $388.0M | ||
| Q3 25 | $-21.6M | $375.4M | ||
| Q2 25 | $-16.6M | $348.2M | ||
| Q1 25 | $-15.6M | $343.7M | ||
| Q4 24 | $-9.4M | $336.5M | ||
| Q3 24 | $-297.0K | $335.8M | ||
| Q2 24 | $5.3M | $327.5M | ||
| Q1 24 | $17.8M | $327.1M |
| Q4 25 | $86.5M | $5.3B | ||
| Q3 25 | $73.8M | $5.3B | ||
| Q2 25 | $71.8M | $5.4B | ||
| Q1 25 | $74.2M | $5.4B | ||
| Q4 24 | $75.2M | $5.4B | ||
| Q3 24 | $83.9M | $5.7B | ||
| Q2 24 | $85.0M | $6.6B | ||
| Q1 24 | $88.4M | $7.1B |
| Q4 25 | 1.68× | 1.99× | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | 15.27× | 2.63× | ||
| Q1 24 | 4.33× | 2.58× |
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 | $-4.5M |
| Free Cash FlowOCF − Capex | $-14.9M | — |
| FCF MarginFCF / Revenue | -113.8% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | -0.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.7M | $-4.5M | ||
| Q3 25 | — | $8.1M | ||
| Q2 25 | — | $3.3M | ||
| Q1 25 | $-4.5M | $16.0M | ||
| Q4 24 | $-2.5M | $4.4M | ||
| Q3 24 | — | $14.7M | ||
| Q2 24 | — | $-7.5M | ||
| Q1 24 | $-3.4M | $17.7M |
| Q4 25 | $-14.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-5.3M | — | ||
| Q4 24 | $-3.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-4.2M | — |
| Q4 25 | -113.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -39.6% | — | ||
| Q4 24 | -28.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -33.7% | — |
| Q4 25 | 1.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.8% | — | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.5% | — |
| Q4 25 | — | -0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.63× | ||
| Q2 24 | — | -0.62× | ||
| Q1 24 | — | — |
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% |
NREF
Segment breakdown not available.
