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Dragonfly Energy Valuation Multiples
Discover revenue and EBITDA valuation multiples for Dragonfly Energy and similar public comparables like Stardust Power, Gogoro, Monbat, Upergy and more.
Dragonfly Energy Overview
About Dragonfly Energy
Dragonfly Energy Holdings Corp is a manufacturer of non-toxic deep cycle lithium-ion batteries that are designed to displace lead acid batteries in a number of different storage applications and end markets including RV, marine vessel, and solar and off-grid industries, with disruptive solid-state cell technology currently under development. The company's deep cycle lithium iron phosphate ("LFP") batteries provide numerous advantages compared to incumbent products, such as lead-acid batteries. LFP batteries are non-toxic and environmentally friendly, do not rely on scarce or controversial metals, and are a cost-effective storage solution.
Founded
2012
HQ

Employees
144
Website
Sectors
Financials (LTM)
EV
$96M
Dragonfly Energy Financials
Dragonfly Energy reported last 12-month revenue of $62M and negative EBITDA of ($10M).
In the same LTM period, Dragonfly Energy generated $18M in gross profit, ($10M) in EBITDA losses, and had net loss of ($28M).
Revenue (LTM)
Dragonfly Energy P&L
In the most recent fiscal year, Dragonfly Energy reported revenue of $51M and EBITDA of ($16M).
Dragonfly Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $62M | XXX | $51M | XXX | XXX | XXX |
| Gross Profit | $18M | XXX | $12M | XXX | XXX | XXX |
| Gross Margin | 29% | XXX | 23% | XXX | XXX | XXX |
| EBITDA | ($10M) | XXX | ($16M) | XXX | XXX | XXX |
| EBITDA Margin | (17%) | XXX | (31%) | XXX | XXX | XXX |
| EBIT Margin | (25%) | XXX | (44%) | XXX | XXX | XXX |
| Net Profit | ($28M) | XXX | ($41M) | XXX | XXX | XXX |
| Net Margin | (46%) | XXX | (80%) | XXX | XXX | XXX |
| Net Debt | — | — | $25M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Dragonfly Energy Stock Performance
Dragonfly Energy has current market cap of $31M, and enterprise value of $96M.
Market Cap Evolution
Dragonfly Energy's stock price is $2.55.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $96M | $31M | 0.0% | XXX | XXX | XXX | $-3.36 |
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Start Free TrialDragonfly Energy Valuation Multiples
Dragonfly Energy trades at 1.6x EV/Revenue multiple, and (9.4x) EV/EBITDA.
EV / Revenue (LTM)
Dragonfly Energy Financial Valuation Multiples
As of March 7, 2026, Dragonfly Energy has market cap of $31M and EV of $96M.
Equity research analysts estimate Dragonfly Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Dragonfly Energy has a P/E ratio of (1.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $31M | XXX | $31M | XXX | XXX | XXX |
| EV (current) | $96M | XXX | $96M | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | (9.4x) | XXX | (6.2x) | XXX | XXX | XXX |
| EV/EBIT | (6.2x) | XXX | (4.3x) | XXX | XXX | XXX |
| EV/Gross Profit | 5.5x | XXX | 8.3x | XXX | XXX | XXX |
| P/E | (1.1x) | XXX | (0.8x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (9.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Dragonfly Energy Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Dragonfly Energy Margins & Growth Rates
Dragonfly Energy's revenue in the last 12 month grew by 28%.
Dragonfly Energy's revenue per employee in the last FY averaged $0.4M.
Dragonfly Energy's rule of 40 is 11% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Dragonfly Energy's rule of X is 53% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Dragonfly Energy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 28% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Margin | (17%) | XXX | (31%) | XXX | XXX | XXX |
| EBITDA Growth | (78%) | XXX | (26%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 11% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 53% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 25% | XXX | 20% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 24% | XXX | 43% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 5% | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 74% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Dragonfly Energy Public Comps
See public comps and valuation multiples for other Energy Storage comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Stardust Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Gogoro | XXX | XXX | XXX | XXX | XXX | XXX |
| Monbat | XXX | XXX | XXX | XXX | XXX | XXX |
| Upergy | XXX | XXX | XXX | XXX | XXX | XXX |
| Enapter | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Dragonfly Energy M&A Activity
Dragonfly Energy acquired XXX companies to date.
Last acquisition by Dragonfly Energy was on XXXXXXXX, XXXXX. Dragonfly Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Dragonfly Energy
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDragonfly Energy Investment Activity
Dragonfly Energy invested in XXX companies to date.
Dragonfly Energy made its latest investment on XXXXXXXX, XXXXX. Dragonfly Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Dragonfly Energy
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Dragonfly Energy
| When was Dragonfly Energy founded? | Dragonfly Energy was founded in 2012. |
| Where is Dragonfly Energy headquartered? | Dragonfly Energy is headquartered in United States. |
| How many employees does Dragonfly Energy have? | As of today, Dragonfly Energy has over 144 employees. |
| Who is the CEO of Dragonfly Energy? | Dragonfly Energy's CEO is Denis Phares. |
| Is Dragonfly Energy publicly listed? | Yes, Dragonfly Energy is a public company listed on Nasdaq. |
| What is the stock symbol of Dragonfly Energy? | Dragonfly Energy trades under DFLI ticker. |
| When did Dragonfly Energy go public? | Dragonfly Energy went public in 2022. |
| Who are competitors of Dragonfly Energy? | Dragonfly Energy main competitors are Stardust Power, Gogoro, Monbat, Upergy. |
| What is the current market cap of Dragonfly Energy? | Dragonfly Energy's current market cap is $31M. |
| What is the current revenue of Dragonfly Energy? | Dragonfly Energy's last 12 months revenue is $62M. |
| What is the current revenue growth of Dragonfly Energy? | Dragonfly Energy revenue growth (NTM/LTM) is 28%. |
| What is the current EV/Revenue multiple of Dragonfly Energy? | Current revenue multiple of Dragonfly Energy is 1.6x. |
| Is Dragonfly Energy profitable? | No, Dragonfly Energy is not profitable. |
| What is the current EBITDA of Dragonfly Energy? | Dragonfly Energy has negative EBITDA and is not profitable. |
| What is Dragonfly Energy's EBITDA margin? | Dragonfly Energy's last 12 months EBITDA margin is (17%). |
| What is the current EV/EBITDA multiple of Dragonfly Energy? | Current EBITDA multiple of Dragonfly Energy is (9.4x). |
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