Financial Statements — DFLI
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 |
|---|
| Cash & Equivalents | 6.28 | 8.64 | 3.84 | 2.73 | 2.80 | 8.02 | 4.70 | 8.50 | 13.24 | 32.95 | 15.79 | 0.32 | 0.35 | 0.65 | 0.89 | 0.02 |
| Accounts Receivable | 3.48 | 2.98 | 4.79 | 3.57 | 4.23 | 3.73 | 2.87 | 2.25 | 4.34 | 2.17 | 2.97 | -- | -- | -- | -- | -- |
| Inventory | 20.34 | 24.30 | 22.72 | 21.05 | 21.73 | 24.01 | 28.65 | 33.58 | 41.91 | 44.20 | 51.81 | -- | -- | -- | -- | -- |
| Total Current Assets | 34.75 | 39.96 | 34.51 | 30.79 | 33.45 | 39.34 | 40.07 | 47.69 | 63.02 | 84.23 | 75.02 | 0.49 | 0.58 | 0.94 | 1.25 | -- |
| Property, Plant & Equipment | 20.31 | 20.41 | 20.91 | 21.48 | 21.25 | 23.72 | 23.50 | 16.77 | 15.88 | 15.79 | 11.29 | -- | -- | -- | -- | -- |
| Intangible Assets | 0.19 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 35.54 | 35.74 | 39.33 | 40.99 | 40.78 | 44.54 | 44.89 | 40.76 | 19.49 | 19.70 | 15.49 | 32.00 | 128.61 | 128.44 | 128.40 | -- |
| Total Assets | 70.29 | 75.69 | 73.84 | 71.77 | 74.22 | 83.88 | 84.96 | 88.45 | 82.51 | 103.93 | 90.51 | 32.48 | 129.19 | 129.38 | 129.66 | 0.17 |
| Accounts Payable | 7.88 | 9.14 | 11.87 | 9.86 | 13.01 | 10.13 | 10.34 | 9.55 | 9.89 | 19.99 | 18.82 | 0.99 | 0.05 | 0.04 | -- | -- |
| Total Current Liabilities | 14.85 | 16.56 | 25.68 | 22.40 | 24.37 | 49.26 | 44.65 | 43.52 | 41.02 | 53.64 | 50.48 | 1.61 | 0.32 | 0.21 | 0.03 | -- |
| Long-term Debt | 18.87 | 19.10 | 97.15 | 93.22 | 89.49 | 82.44 | 80.44 | 77.11 | 74.66 | 78.70 | 77.43 | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 32.15 | 32.38 | 69.75 | 64.74 | 62.59 | 34.91 | 35.04 | 27.12 | 17.16 | 18.08 | 7.71 | 1.99 | 0.88 | 0.60 | 1.48 | -- |
| Total Liabilities | 47.00 | 48.94 | 95.42 | 87.13 | 86.96 | 84.18 | 79.69 | 70.64 | 58.18 | 71.72 | 58.19 | 3.60 | 1.20 | 0.82 | 1.51 | 0.15 |
| Retained Earnings | (163.10) | (158.72) | (107.05) | (95.98) | (88.95) | (72.31) | (65.53) | (51.91) | (43.96) | (33.94) | (22.24) | (2.83) | (0.40) | 0.17 | (0.25) | -0.00 |
| Total Stockholder Equity | (0.18) | 3.91 | (21.58) | (16.60) | (15.64) | (0.30) | 5.27 | 17.81 | 24.34 | 32.21 | 32.32 | (2.83) | (0.40) | 0.17 | (0.25) | 0.02 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 13.16 | 9.70 | 13.06 | 15.97 | 16.25 | 13.36 | 12.21 | 12.72 | 13.21 | 12.51 | 10.44 | 15.89 | 19.27 | 18.79 | 20.21 | 26.12 | -- | 18.30 | -- | -- |
| Cost of Revenue | 8.82 | 7.99 | 10.68 | 11.23 | 11.64 | 9.43 | 9.67 | 9.85 | 10.04 | 9.45 | 8.40 | 11.32 | 15.18 | 14.05 | 25.57 | -- | -- | -- | -- | -- |
| Gross Profit | 4.34 | 1.71 | 2.38 | 4.74 | 4.61 | 3.93 | 2.54 | 2.87 | 3.17 | 3.05 | 2.03 | 4.57 | 4.10 | 4.74 | 4.44 | -- | -- | -- | -- | -- |
| Research & Development | 0.65 | 0.98 | 0.70 | 0.59 | 0.69 | 1.00 | 0.96 | 1.63 | 1.53 | 1.33 | 0.53 | 1.39 | 1.07 | 0.88 | 0.81 | -- | -- | -- | -- | -- |
| Selling, General & Admin | 4.62 | 4.48 | 6.72 | 5.30 | 4.62 | 6.36 | 7.03 | 4.36 | 5.70 | 4.81 | 3.28 | 6.01 | 7.61 | 9.49 | 27.79 | -- | -- | -- | -- | -- |
| Total Operating Expenses | 7.24 | 7.44 | 12.58 | 8.51 | 7.89 | 9.84 | 9.68 | 8.90 | 9.92 | 8.89 | 5.35 | 10.47 | 12.49 | 14.56 | 32.94 | -- | -- | -- | -- | -- |
| Operating Income | (2.90) | (5.73) | (10.20) | (3.78) | (3.28) | (5.91) | (7.14) | (6.03) | (6.75) | (5.84) | (3.32) | (5.90) | (8.39) | (9.82) | (32.22) | (1.05) | (0.47) | (0.26) | (0.24) | (0.12) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4.76 | 4.11 | 3.98 | 4.11 | 3.82 | 3.29 | -- | -- | -- | -- | -- |
| Pretax Income | (4.39) | (6.62) | (45.13) | (11.07) | (7.03) | (6.80) | (9.84) | (6.78) | (13.63) | (10.37) | 2.99 | (10.02) | (11.70) | 4.89 | (39.02) | (1.88) | -- | -- | -- | -- |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.29) | (0.53) | (0.75) | 0.04 | -- | -- | -- | -- |
| Net Income | (4.39) | (6.62) | (45.04) | (11.07) | (7.03) | (6.80) | (9.84) | (6.78) | (13.63) | (10.37) | 3.01 | (10.02) | (11.70) | 4.89 | (38.27) | (1.92) | (0.57) | 1.19 | (0.78) | 2.69 |
| Basic EPS | (0.43) | (0.64) | (13.09) | (0.20) | (0.58) | (0.93) | (5.41) | (0.11) | (0.22) | (0.17) | 0.05 | (0.17) | (0.25) | 0.11 | (0.88) | (0.19) | (0.04) | 0.08 | (0.29) | 0.28 |
| Diluted EPS | (0.43) | (0.64) | (13.09) | (0.20) | (0.58) | (0.93) | (5.41) | (0.11) | (0.22) | (0.17) | 0.06 | (0.17) | (0.25) | 0.10 | (0.88) | (0.19) | (0.04) | 0.08 | (0.26) | 0.28 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (1.86) | (8.78) | (14.72) | (3.38) | (3.35) | (4.51) | (2.47) | 2.72 | (4.03) | (3.39) | (0.98) | (11.09) | (1.80) | (3.84) | (45.11) | (0.13) | (0.30) | (0.15) | (0.09) | (0.46) |
| Capital Expenditures | 0.36 | 0.28 | 0.14 | 0.19 | 0.84 | 0.78 | 1.05 | 0.37 | 0.51 | 0.82 | 0.38 | 3.94 | 1.98 | 0.59 | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (2.22) | (9.06) | (14.86) | (3.57) | (4.20) | (5.29) | (3.52) | 2.35 | (4.54) | (4.21) | (1.36) | (15.02) | (3.78) | (4.43) | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (0.49) | (0.28) | (0.14) | (0.19) | (0.84) | (0.78) | (1.04) | (0.37) | (0.51) | (0.82) | (0.38) | (3.94) | (1.98) | (0.59) | (103.72) | 96.89 | -- | -- | 0.00 | (128.40) |
| Financing Cash Flow | (0.01) | (0.57) | 29.30 | 4.67 | 4.13 | 3.24 | 0.34 | 0.97 | 0.74 | -- | 0.84 | (4.69) | 20.94 | 2.44 | 138.47 | (96.79) | -- | 0.13 | -0.00 | 0.03 |
* Derived from reported values
