FLNC

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Fluence Energy, Inc.

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Key Metrics

Previous Close: $12.07
52-Week Range: $6.60 – $33.51
Market Cap: $2.12B
P/E (TTM): —
EPS (TTM): -0.57
Dividend Yield: —

Advanced Metrics

Price/Book: 4.37
PEG Ratio: 3.18
Return on Equity: -23.54%
Return on Assets: -2.95%
Gross Margin: 9.36%
Operating Margin: -8.85%
Profit Margin: -3.07%
Current Ratio: 1.34
Debt/Equity: 0.96
Total Debt: $413.16M
Free Cash Flow: $2.42M
Revenue Growth: 7.90%
Earnings Growth: —
Enterprise Value: $1.76B

FLNC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.20B	$2.22B	$2.70B	$2.26B
Cost of Revenue	$1.26B	$2.08B	$2.36B	$1.97B
Gross Profit	-$62.35M	$140.96M	$341.08M	$295.79M
Research & Development	$60.14M	$66.31M	$66.19M	$86.22M
Selling, General & Admin	$153.92M	$177.42M	$236.84M	$242.56M
Operating Expenses	$221.17M	$253.56M	$314.46M	$342.12M
Operating Income	-$283.52M	-$112.61M	$26.62M	-$46.34M
EBITDA	-$276.41M	-$101.94M	$41.10M	-$16.99M
Pretax Income	-$287.82M	-$100.27M	$39.57M	-$45.07M
Income Tax	$1.36M	$4.55M	$9.21M	$22.92M
Net Income	-$104.48M	-$69.62M	$22.72M	-$48.31M
Diluted EPS	-1.50	-0.60	0.13	-0.37
Diluted Shares	69.71M	116.45M	184.03M	130.31M

FLNC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$357.30M	$345.90M	$448.69M	$690.77M
Receivables	$357.27M	$374.43M	$780.07M	$736.93M
Inventory	$652.74M	$224.90M	$182.60M	$455.01M
Current Assets	$1.60B	$1.19B	$1.68B	$2.06B
Total Assets	$1.75B	$1.35B	$1.90B	$2.36B
Current Liabilities	$1.11B	$745.66M	$1.26B	$1.37B
Long-Term Debt	—	$28.02M	—	$390.80M
Total Debt	$2.74M	$50.56M	$30.36M	$390.80M
Total Liabilities	$1.12B	$795.82M	$1.30B	$1.81B
Retained Earnings	-$104.54M	-$174.16M	-$151.45M	-$199.76M
Shareholders' Equity	$435.83M	$402.35M	$472.10M	$429.60M
Working Capital	$492.07M	$449.30M	$421.61M	$693.89M

FLNC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$282.38M	-$111.93M	$79.69M	-$145.54M
Capital Expenditure	-$7.93M	-$12.22M	-$18.98M	-$29.80M
Free Cash Flow	-$290.32M	-$124.15M	$60.71M	-$175.34M
Depreciation & Amortisation	$7.11M	$10.66M	$14.48M	$29.34M
Stock-Based Compensation	$44.13M	$26.92M	$23.86M	$19.54M
Investing Cash Flow	-$148.42M	$94.44M	-$18.98M	-$29.80M
Financing Cash Flow	$817.05M	$52.59M	-$8.68M	$356.88M
Share Repurchases	-$5.01M	-$2.78M	-$1.66M	-$753.00K
Net Change in Cash	$386.25M	$35.10M	$52.03M	$181.54M

FLNC Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$431.62M	$602.53M	$1.04B	$475.23M	$464.89M
Cost of Revenue	$389.04M	$513.43M	$898.99M	$452.19M	$418.26M
Gross Profit	$42.58M	$89.10M	$142.90M	$23.05M	$46.63M
Research & Development	$22.12M	$26.01M	$20.89M	$18.54M	$21.07M
Selling, General & Admin	$62.60M	$55.42M	$69.62M	$63.88M	$60.49M
Operating Expenses	$87.66M	$85.06M	$94.48M	$86.17M	$85.84M
Operating Income	-$45.08M	$4.04M	$48.43M	-$63.12M	-$39.21M
EBITDA	-$38.89M	$12.29M	$58.84M	-$54.33M	-$28.48M
Pretax Income	-$43.92M	$11.47M	$46.11M	-$70.48M	-$27.70M
Income Tax	-$1.99M	$4.58M	$22.05M	-$7.89M	$1.54M
Net Income	-$31.05M	$6.25M	$17.95M	-$45.07M	-$20.93M
Diluted EPS	-0.24	0.01	0.13	-0.34	-0.16
Diluted Shares	129.99M	183.65M	184.83M	131.52M	132.54M

FLNC Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$568.62M	$436.32M	$690.77M	$452.56M	$387.30M
Receivables	$518.24M	$488.62M	$736.93M	$802.13M	$652.27M
Inventory	$698.28M	$654.30M	$455.01M	$540.64M	$764.16M
Current Assets	$2.03B	$1.85B	$2.06B	$1.99B	$2.08B
Total Assets	$2.27B	$2.08B	$2.36B	$2.27B	$2.35B
Current Liabilities	$1.35B	$1.12B	$1.37B	$1.34B	$1.45B
Long-Term Debt	$389.91M	$390.36M	$390.80M	$391.25M	$391.71M
Total Debt	$389.91M	$390.36M	$390.80M	$391.25M	$391.71M
Total Liabilities	$1.77B	$1.55B	$1.81B	$1.78B	$1.89B
Retained Earnings	-$223.96M	-$217.71M	-$199.76M	-$244.83M	-$265.76M
Shareholders' Equity	$388.17M	$407.38M	$429.60M	$387.99M	$368.12M
Working Capital	$685.85M	$724.86M	$693.89M	$647.21M	$631.17M
Net Debt	—	—	—	—	$4.41M

FLNC Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$46.18M	-$153.87M	$265.74M	-$226.79M	-$121.11M
Capital Expenditure	-$7.57M	-$7.29M	-$9.75M	-$9.35M	-$6.76M
Free Cash Flow	-$53.76M	-$161.15M	$255.99M	-$236.14M	-$127.87M
Depreciation & Amortisation	$6.19M	$8.26M	$10.41M	$8.79M	$10.73M
Stock-Based Compensation	$3.83M	$6.37M	$4.08M	$5.29M	$3.94M
Investing Cash Flow	-$7.57M	-$7.29M	-$9.75M	-$9.35M	-$6.76M
Financing Cash Flow	-$1.72M	-$468.00K	-$1.76M	-$1.79M	$68.40M
Share Repurchases	-$94.00K	$0.00	-$263.00K	-$2.35M	-$362.00K
Net Change in Cash	-$55.48M	-$161.62M	$254.23M	-$237.93M	-$59.47M

Market Snapshot

About

Fluence Energy, Inc. is a global provider of energy storage products and services, offering battery-based solutions that enable the integration of renewable energy sources into electric grids. The company's technology platform includes energy storage systems, software, and services designed to improve grid reliability, optimize energy usage, and facilitate the transition to sustainable power generation. Fluence serves utility companies, independent power producers, renewable energy developers, and commercial and industrial customers across multiple continents. The company was formed as a joint venture between Siemens and AES Corporation before becoming an independent publicly traded entity, positioning itself in the rapidly growing energy storage market driven by renewable energy adoption.