Earnings Releases·Nov 12, 2026, 4:16 PM ET

Dragonfly Energy — Third Quarter 2026 Earnings Summary

Net sales declined 23.8% year-over-year to $12.2 million, while the net loss narrowed to $(6.7) million compared to $(11.1) million in Q3 2025; however, cash and cash equivalents dropped significantly to $1.941 million and stockholders' equity turned negative at $(4.544) million.
Q4 2026 guidance projects net sales of approximately $12.5 million and Adjusted EBITDA near breakeven, driven by an expected sequential doubling of heavy-duty trucking revenue and the anticipated arrival of new inventory from the Dakota Lithium acquisition.
The company completed the Dakota Lithium acquisition in late July 2026, with early demand described as encouraging and integration expected to be accretive to Adjusted EBITDA by leveraging existing infrastructure.
Financial pressures persist due to challenging RV market conditions and a sharp increase in current liabilities, specifically notes payable which rose to $12.483 million, while management cites cost-reduction initiatives as a key factor in limiting the sequential decline in Adjusted EBITDA.