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

SS Innovations International, Inc. is the larger business by last-quarter revenue ($14.5M vs $13.1M, roughly 1.1× Dragonfly Energy Holdings Corp.). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -344.9%, a 327.9% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs 6.9%). SS Innovations International, Inc. produced more free cash flow last quarter ($-3.2M vs $-14.9M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs 2.2%).

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.

SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.

DFLI vs SSII — Head-to-Head

Bigger by revenue
SSII
SSII
1.1× larger
SSII
$14.5M
$13.1M
DFLI
Growing faster (revenue YoY)
SSII
SSII
+72.1% gap
SSII
79.1%
6.9%
DFLI
Higher net margin
SSII
SSII
327.9% more per $
SSII
-17.0%
-344.9%
DFLI
More free cash flow
SSII
SSII
$11.6M more FCF
SSII
$-3.2M
$-14.9M
DFLI
Faster 2-yr revenue CAGR
SSII
SSII
Annualised
SSII
99.9%
2.2%
DFLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DFLI
DFLI
SSII
SSII
Revenue
$13.1M
$14.5M
Net Profit
$-45.0M
$-2.5M
Gross Margin
18.2%
43.9%
Operating Margin
-78.1%
-3.7%
Net Margin
-344.9%
-17.0%
Revenue YoY
6.9%
79.1%
Net Profit YoY
-357.6%
-28.5%
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.

Revenue
DFLI
DFLI
SSII
SSII
Q4 25
$13.1M
$14.5M
Q3 25
$16.0M
$12.8M
Q2 25
$16.2M
$10.0M
Q1 25
$13.4M
$5.1M
Q4 24
$12.2M
$8.1M
Q3 24
$12.7M
$4.4M
Q2 24
$13.2M
$4.5M
Q1 24
$12.5M
$3.6M
Net Profit
DFLI
DFLI
SSII
SSII
Q4 25
$-45.0M
$-2.5M
Q3 25
$-11.1M
$-3.7M
Q2 25
$-7.0M
$-256.7K
Q1 25
$-6.8M
$-5.7M
Q4 24
$-9.8M
$-1.9M
Q3 24
$-6.8M
$-3.2M
Q2 24
$-13.6M
$-4.1M
Q1 24
$-10.4M
$-9.8M
Gross Margin
DFLI
DFLI
SSII
SSII
Q4 25
18.2%
43.9%
Q3 25
29.7%
48.1%
Q2 25
28.3%
59.1%
Q1 25
29.4%
21.2%
Q4 24
20.8%
48.9%
Q3 24
22.6%
52.8%
Q2 24
24.0%
31.9%
Q1 24
24.4%
20.0%
Operating Margin
DFLI
DFLI
SSII
SSII
Q4 25
-78.1%
-3.7%
Q3 25
-23.7%
-14.3%
Q2 25
-20.2%
1.0%
Q1 25
-44.3%
-115.6%
Q4 24
-58.5%
-22.7%
Q3 24
-47.4%
-73.1%
Q2 24
-51.1%
-90.9%
Q1 24
-46.7%
-270.3%
Net Margin
DFLI
DFLI
SSII
SSII
Q4 25
-344.9%
-17.0%
Q3 25
-69.3%
-29.0%
Q2 25
-43.3%
-2.6%
Q1 25
-50.9%
-111.0%
Q4 24
-80.6%
-23.7%
Q3 24
-53.3%
-74.0%
Q2 24
-103.2%
-91.8%
Q1 24
-82.9%
-270.5%
EPS (diluted)
DFLI
DFLI
SSII
SSII
Q4 25
$-13.09
$-0.01
Q3 25
$-0.20
$-0.02
Q2 25
$-0.58
$0.00
Q1 25
$-0.93
$-0.03
Q4 24
$-54.60
$-0.01
Q3 24
$-0.11
$-0.02
Q2 24
$-0.22
$-0.02
Q1 24
$-0.17
$-0.06

Balance Sheet & Financial Strength

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

Metric
DFLI
DFLI
SSII
SSII
Cash + ST InvestmentsLiquidity on hand
$18.3M
$3.2M
Total DebtLower is stronger
$19.3M
Stockholders' EquityBook value
$11.5M
$38.2M
Total Assets
$86.5M
$74.2M
Debt / EquityLower = less leverage
1.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFLI
DFLI
SSII
SSII
Q4 25
$18.3M
$3.2M
Q3 25
$3.8M
$5.7M
Q2 25
$2.7M
$11.4M
Q1 25
$2.5M
$15.9M
Q4 24
$4.8M
$466.5K
Q3 24
$8.0M
$220.4K
Q2 24
$4.7M
$608.2K
Q1 24
$8.5M
$948.1K
Total Debt
DFLI
DFLI
SSII
SSII
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
Stockholders' Equity
DFLI
DFLI
SSII
SSII
Q4 25
$11.5M
$38.2M
Q3 25
$-21.6M
$39.6M
Q2 25
$-16.6M
$42.0M
Q1 25
$-15.6M
$40.6M
Q4 24
$-9.4M
$13.5M
Q3 24
$-297.0K
$13.7M
Q2 24
$5.3M
$14.8M
Q1 24
$17.8M
$16.7M
Total Assets
DFLI
DFLI
SSII
SSII
Q4 25
$86.5M
$74.2M
Q3 25
$73.8M
$69.6M
Q2 25
$71.8M
$70.0M
Q1 25
$74.2M
$63.5M
Q4 24
$75.2M
$42.4M
Q3 24
$83.9M
$39.0M
Q2 24
$85.0M
$35.7M
Q1 24
$88.4M
$35.2M
Debt / Equity
DFLI
DFLI
SSII
SSII
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
DFLI
DFLI
SSII
SSII
Operating Cash FlowLast quarter
$-14.7M
$-1.5M
Free Cash FlowOCF − Capex
$-14.9M
$-3.2M
FCF MarginFCF / Revenue
-113.8%
-22.3%
Capex IntensityCapex / Revenue
1.1%
11.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFLI
DFLI
SSII
SSII
Q4 25
$-14.7M
$-1.5M
Q3 25
$-7.5M
Q2 25
$-3.5M
Q1 25
$-4.5M
$-6.1M
Q4 24
$-2.5M
$-3.3M
Q3 24
$-2.5M
Q2 24
$-1.0M
Q1 24
$-3.4M
$-2.7M
Free Cash Flow
DFLI
DFLI
SSII
SSII
Q4 25
$-14.9M
$-3.2M
Q3 25
$-8.2M
Q2 25
$-3.8M
Q1 25
$-5.3M
$-7.0M
Q4 24
$-3.5M
$-3.4M
Q3 24
$-4.2M
Q2 24
$-3.1M
Q1 24
$-4.2M
$-2.8M
FCF Margin
DFLI
DFLI
SSII
SSII
Q4 25
-113.8%
-22.3%
Q3 25
-64.1%
Q2 25
-37.7%
Q1 25
-39.6%
-136.2%
Q4 24
-28.6%
-41.7%
Q3 24
-96.9%
Q2 24
-69.5%
Q1 24
-33.7%
-76.9%
Capex Intensity
DFLI
DFLI
SSII
SSII
Q4 25
1.1%
11.8%
Q3 25
5.9%
Q2 25
3.2%
Q1 25
5.8%
17.0%
Q4 24
8.1%
1.5%
Q3 24
38.8%
Q2 24
46.8%
Q1 24
6.5%
3.5%

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%

SSII
SSII

System Sales$13.4M92%
Other$1.2M8%

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