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Side-by-side financial comparison of Dragonfly Energy Holdings Corp. (DFLI) and SOLAI Ltd (SLAI). 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 $11.0M, roughly 1.2× SOLAI Ltd). SOLAI Ltd runs the higher net margin — -126.2% vs -344.9%, a 218.7% gap on every dollar of revenue. On growth, Dragonfly Energy Holdings Corp. posted the faster year-over-year revenue change (6.9% vs -43.1%). Dragonfly Energy Holdings Corp. produced more free cash flow last quarter ($-14.9M vs $-17.0M).
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 SLAI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.1M | $11.0M |
| Net Profit | $-45.0M | $-13.9M |
| Gross Margin | 18.2% | 0.1% |
| Operating Margin | -78.1% | -126.2% |
| Net Margin | -344.9% | -126.2% |
| Revenue YoY | 6.9% | -43.1% |
| Net Profit YoY | -357.6% | -173.4% |
| EPS (diluted) | $-13.09 | $-0.01 |
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 | — | ||
| Q3 25 | $16.0M | — | ||
| Q2 25 | $16.2M | $11.0M | ||
| Q1 25 | $13.4M | — | ||
| Q4 24 | $12.2M | — | ||
| Q3 24 | $12.7M | — | ||
| Q2 24 | $13.2M | $19.4M | ||
| Q1 24 | $12.5M | — |
| Q4 25 | $-45.0M | — | ||
| Q3 25 | $-11.1M | — | ||
| Q2 25 | $-7.0M | $-13.9M | ||
| Q1 25 | $-6.8M | — | ||
| Q4 24 | $-9.8M | — | ||
| Q3 24 | $-6.8M | — | ||
| Q2 24 | $-13.6M | $18.9M | ||
| Q1 24 | $-10.4M | — |
| Q4 25 | 18.2% | — | ||
| Q3 25 | 29.7% | — | ||
| Q2 25 | 28.3% | 0.1% | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 22.6% | — | ||
| Q2 24 | 24.0% | 52.4% | ||
| Q1 24 | 24.4% | — |
| Q4 25 | -78.1% | — | ||
| Q3 25 | -23.7% | — | ||
| Q2 25 | -20.2% | -126.2% | ||
| Q1 25 | -44.3% | — | ||
| Q4 24 | -58.5% | — | ||
| Q3 24 | -47.4% | — | ||
| Q2 24 | -51.1% | -2.6% | ||
| Q1 24 | -46.7% | — |
| Q4 25 | -344.9% | — | ||
| Q3 25 | -69.3% | — | ||
| Q2 25 | -43.3% | -126.2% | ||
| Q1 25 | -50.9% | — | ||
| Q4 24 | -80.6% | — | ||
| Q3 24 | -53.3% | — | ||
| Q2 24 | -103.2% | 97.9% | ||
| Q1 24 | -82.9% | — |
| Q4 25 | $-13.09 | — | ||
| Q3 25 | $-0.20 | — | ||
| Q2 25 | $-0.58 | $-0.01 | ||
| Q1 25 | $-0.93 | — | ||
| Q4 24 | $-54.60 | — | ||
| Q3 24 | $-0.11 | — | ||
| Q2 24 | $-0.22 | $0.02 | ||
| Q1 24 | $-0.17 | — |
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 | $1.2M |
| Total DebtLower is stronger | $19.3M | — |
| Stockholders' EquityBook value | $11.5M | $43.8M |
| Total Assets | $86.5M | $69.1M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | — | ||
| Q3 25 | $3.8M | — | ||
| Q2 25 | $2.7M | $1.2M | ||
| Q1 25 | $2.5M | — | ||
| Q4 24 | $4.8M | — | ||
| Q3 24 | $8.0M | — | ||
| Q2 24 | $4.7M | $2.3M | ||
| Q1 24 | $8.5M | — |
| 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 | — | ||
| Q3 25 | $-21.6M | — | ||
| Q2 25 | $-16.6M | $43.8M | ||
| Q1 25 | $-15.6M | — | ||
| Q4 24 | $-9.4M | — | ||
| Q3 24 | $-297.0K | — | ||
| Q2 24 | $5.3M | $45.9M | ||
| Q1 24 | $17.8M | — |
| Q4 25 | $86.5M | — | ||
| Q3 25 | $73.8M | — | ||
| Q2 25 | $71.8M | $69.1M | ||
| Q1 25 | $74.2M | — | ||
| Q4 24 | $75.2M | — | ||
| Q3 24 | $83.9M | — | ||
| Q2 24 | $85.0M | $63.3M | ||
| Q1 24 | $88.4M | — |
| 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 | $-17.0M |
| Free Cash FlowOCF − Capex | $-14.9M | $-17.0M |
| FCF MarginFCF / Revenue | -113.8% | -154.2% |
| 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.
| Q4 25 | $-14.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-17.0M | ||
| Q1 25 | $-4.5M | — | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-12.1M | ||
| Q1 24 | $-3.4M | — |
| Q4 25 | $-14.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-17.0M | ||
| Q1 25 | $-5.3M | — | ||
| Q4 24 | $-3.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-4.2M | — |
| Q4 25 | -113.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -154.2% | ||
| Q1 25 | -39.6% | — | ||
| Q4 24 | -28.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -33.7% | — |
| Q4 25 | 1.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | 5.8% | — | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.64× | ||
| 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% |
SLAI
| Data center | $6.5M | 59% |
| Cryptocurrency mining | $4.6M | 41% |
