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Side-by-side financial comparison of Dragonfly Energy Holdings Corp. (DFLI) and SWK Holdings Corp (SWKH). 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 $8.7M, roughly 1.5× SWK Holdings Corp). On growth, Dragonfly Energy Holdings Corp. posted the faster year-over-year revenue change (6.9% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $-14.9M). Over the past eight quarters, Dragonfly Energy Holdings Corp.'s revenue compounded faster (2.2% CAGR vs -12.5%).
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.
SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.
DFLI vs SWKH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.1M | $8.7M |
| Net Profit | $-45.0M | $-19.4M |
| Gross Margin | 18.2% | — |
| Operating Margin | -78.1% | 9.9% |
| Net Margin | -344.9% | — |
| Revenue YoY | 6.9% | -29.7% |
| Net Profit YoY | -357.6% | -430.2% |
| EPS (diluted) | $-13.09 | $-1.59 |
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 | $8.7M | ||
| Q3 25 | $16.0M | $10.9M | ||
| Q2 25 | $16.2M | $10.1M | ||
| Q1 25 | $13.4M | $11.8M | ||
| Q4 24 | $12.2M | $12.4M | ||
| Q3 24 | $12.7M | $10.4M | ||
| Q2 24 | $13.2M | $10.8M | ||
| Q1 24 | $12.5M | $11.4M |
| Q4 25 | $-45.0M | $-19.4M | ||
| Q3 25 | $-11.1M | $8.8M | ||
| Q2 25 | $-7.0M | $3.5M | ||
| Q1 25 | $-6.8M | $4.5M | ||
| Q4 24 | $-9.8M | $5.9M | ||
| Q3 24 | $-6.8M | $3.5M | ||
| Q2 24 | $-13.6M | $3.7M | ||
| Q1 24 | $-10.4M | $468.0K |
| 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% | 9.9% | ||
| Q3 25 | -23.7% | 61.3% | ||
| Q2 25 | -20.2% | 46.1% | ||
| Q1 25 | -44.3% | 68.6% | ||
| Q4 24 | -58.5% | 44.7% | ||
| Q3 24 | -47.4% | 39.2% | ||
| Q2 24 | -51.1% | 8.3% | ||
| Q1 24 | -46.7% | 9.5% |
| Q4 25 | -344.9% | — | ||
| Q3 25 | -69.3% | 80.7% | ||
| Q2 25 | -43.3% | 35.2% | ||
| Q1 25 | -50.9% | 38.4% | ||
| Q4 24 | -80.6% | 47.5% | ||
| Q3 24 | -53.3% | 33.3% | ||
| Q2 24 | -103.2% | 33.9% | ||
| Q1 24 | -82.9% | 4.1% |
| Q4 25 | $-13.09 | $-1.59 | ||
| Q3 25 | $-0.20 | $0.72 | ||
| Q2 25 | $-0.58 | $0.29 | ||
| Q1 25 | $-0.93 | $0.37 | ||
| Q4 24 | $-54.60 | $0.47 | ||
| Q3 24 | $-0.11 | $0.28 | ||
| Q2 24 | $-0.22 | $0.30 | ||
| Q1 24 | $-0.17 | $0.04 |
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 | $42.8M |
| Total DebtLower is stronger | $19.3M | $33.0M |
| Stockholders' EquityBook value | $11.5M | $235.1M |
| Total Assets | $86.5M | $272.4M |
| Debt / EquityLower = less leverage | 1.68× | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $42.8M | ||
| Q3 25 | $3.8M | $10.2M | ||
| Q2 25 | $2.7M | $8.0M | ||
| Q1 25 | $2.5M | $29.8M | ||
| Q4 24 | $4.8M | $5.9M | ||
| Q3 24 | $8.0M | $17.2M | ||
| Q2 24 | $4.7M | $5.5M | ||
| Q1 24 | $8.5M | $5.5M |
| Q4 25 | $19.3M | $33.0M | ||
| Q3 25 | $97.1M | $33.0M | ||
| Q2 25 | $93.2M | $33.0M | ||
| Q1 25 | $89.5M | $33.0M | ||
| Q4 24 | $85.9M | $33.0M | ||
| Q3 24 | $82.4M | $33.0M | ||
| Q2 24 | $80.4M | $33.0M | ||
| Q1 24 | $77.1M | $33.0M |
| Q4 25 | $11.5M | $235.1M | ||
| Q3 25 | $-21.6M | $254.2M | ||
| Q2 25 | $-16.6M | $246.5M | ||
| Q1 25 | $-15.6M | $292.7M | ||
| Q4 24 | $-9.4M | $288.7M | ||
| Q3 24 | $-297.0K | $283.4M | ||
| Q2 24 | $5.3M | $282.8M | ||
| Q1 24 | $17.8M | $279.9M |
| Q4 25 | $86.5M | $272.4M | ||
| Q3 25 | $73.8M | $289.4M | ||
| Q2 25 | $71.8M | $285.7M | ||
| Q1 25 | $74.2M | $331.3M | ||
| Q4 24 | $75.2M | $332.2M | ||
| Q3 24 | $83.9M | $321.3M | ||
| Q2 24 | $85.0M | $321.0M | ||
| Q1 24 | $88.4M | $322.0M |
| Q4 25 | 1.68× | 0.14× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | 15.27× | 0.12× | ||
| Q1 24 | 4.33× | 0.12× |
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 | $27.3M |
| Free Cash FlowOCF − Capex | $-14.9M | $26.8M |
| FCF MarginFCF / Revenue | -113.8% | 308.1% |
| Capex IntensityCapex / Revenue | 1.1% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.7M | $27.3M | ||
| Q3 25 | — | $906.0K | ||
| Q2 25 | — | $7.8M | ||
| Q1 25 | $-4.5M | $8.3M | ||
| Q4 24 | $-2.5M | $23.0M | ||
| Q3 24 | — | $6.3M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | $-3.4M | $4.4M |
| Q4 25 | $-14.9M | $26.8M | ||
| Q3 25 | — | $557.0K | ||
| Q2 25 | — | $7.7M | ||
| Q1 25 | $-5.3M | $8.2M | ||
| Q4 24 | $-3.5M | $22.9M | ||
| Q3 24 | — | $6.3M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | $-4.2M | — |
| Q4 25 | -113.8% | 308.1% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | -39.6% | 69.1% | ||
| Q4 24 | -28.6% | 185.3% | ||
| Q3 24 | — | 60.4% | ||
| Q2 24 | — | 49.7% | ||
| Q1 24 | -33.7% | — |
| Q4 25 | 1.1% | 5.9% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 5.8% | 0.8% | ||
| Q4 24 | 8.1% | 1.1% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | 6.5% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 3.93× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 9.47× |
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% |
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
