NASDAQ : FLNC
Fluence Energy, Inc. — Financial statements
Utilities · Utilities - Renewable · United States
Last price 5.72 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.06B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Fluence Energy, Inc. (FLNC) reported revenue of 2.63B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.63B | 2.26B | 2.70B | 2.22B | 1.20B | 680.77M |
| Cost of Revenue | 2.39B | 1.97B | 2.36B | 2.08B | 1.26B | 749.91M |
| Gross Profit | 246.44M | 297.00M | 341.08M | 140.96M | -62.35M | -69.14M |
| Selling, General & Admin | 257.03M | 242.56M | 236.84M | 177.42M | 153.92M | 60.79M |
| Research & Development | 84.24M | 86.22M | 66.19M | 66.31M | 60.14M | 23.43M |
| Operating Expenses | 357.25M | 342.12M | 314.46M | 253.56M | 221.17M | 89.33M |
| Operating Income | -110.81M | -45.12M | 26.62M | -112.61M | -283.52M | -158.47M |
| Interest Expense | -4.60M | -4.11M | ||||
| Interest & Investment Income | 5.68M | 5.39M | 326.00K | |||
| Other Non Operating Income (Expenses) | 20.45M | 5.38M | 7.28M | 6.95M | -4.62M | -1.71M |
| EBT Excluding Unusual Items | -94.95M | -43.85M | 39.57M | -100.27M | -287.82M | -160.17M |
| Merger & Restructuring Charges | -614.00K | -1.22M | ||||
| Pretax Income | -95.57M | -45.07M | 39.57M | -100.27M | -287.82M | -160.17M |
| Income Tax Expense | 16.47M | 22.92M | 9.21M | 4.55M | 1.36M | 1.83M |
| Earnings From Continuing Operations | -112.04M | -67.99M | 30.37M | -104.82M | -289.18M | -162.00M |
| Minority Interest in Earnings | 31.17M | 19.68M | -7.65M | 35.20M | 184.69M | 162.00M |
| Net Income | -80.87M | -48.31M | 22.72M | -69.62M | -104.48M | |
| Net Income to Common | -80.87M | -48.31M | 22.72M | -69.62M | -104.48M | |
| Shares Outstanding (Basic) | 133.31M | 130.31M | 126.18M | 116.45M | 69.71M | 117.17M |
| Shares Outstanding (Diluted) | 133.31M | 130.31M | 184.03M | 116.45M | 69.71M | 117.17M |
| EPS (Basic) | -0.61 | -0.37 | 0.18 | -0.60 | -1.50 | |
| EPS (Diluted) | -0.61 | -0.37 | 0.13 | -0.60 | -1.50 | |
| Free Cash Flow | -115.33M | -160.42M | 71.57M | -114.92M | -290.32M | -269.56M |
| Free Cash Flow Per Share | -0.86 | -1.23 | 0.39 | -0.99 | -4.16 | -2.30 |
| Gross Margin | 9.36% | 13.12% | 12.64% | 6.35% | -5.20% | -10.16% |
| Operating Margin | -4.21% | -1.99% | 0.99% | -5.08% | -23.65% | -23.28% |
| Profit Margin | -3.07% | -2.14% | 0.84% | -3.14% | -8.72% | |
| Free Cash Flow Margin | -4.38% | -7.09% | 2.65% | -5.18% | -24.22% | -39.60% |
| EBITDA | -77.97M | -21.97M | 38.20M | -102.74M | -276.41M | -153.36M |
| EBITDA Margin | -2.96% | -0.97% | 1.42% | -4.63% | -23.06% | -22.53% |
| D&A For EBITDA | 32.84M | 23.14M | 11.58M | 9.87M | 7.11M | 5.11M |
| EBIT | -110.81M | -45.12M | 26.62M | -112.61M | -283.52M | -158.47M |
| EBIT Margin | -4.21% | -1.99% | 0.99% | -5.08% | -23.65% | -23.28% |
| Effective Tax Rate | 23.26% | |||||
| Revenue as Reported | 2.63B | 2.26B | 2.70B | 2.22B | 1.20B | 680.77M |
| Advertising Expenses | 4.30M | 3.30M | 1.40M | 1.40M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 339.33M | 690.77M | 448.69M | 345.90M | 357.30M | 36.83M |
| Short-Term Investments | 110.36M | |||||
| Cash & Short-Term Investments | 339.33M | 690.77M | 448.69M | 345.90M | 467.65M | 36.83M |
| Accounts Receivable | 787.27M | 713.16M | 751.10M | 353.98M | 337.32M | 192.76M |
| Other Receivables | 90.42M | 23.77M | 28.98M | 20.45M | 14.38M | 13.29M |
| Receivables | 907.69M | 736.93M | 810.99M | 398.76M | 351.70M | 206.05M |
| Inventory | 783.03M | 455.01M | 182.60M | 224.90M | 652.74M | 389.79M |
| Prepaid Expenses | 34.29M | 24.20M | 12.44M | 4.14M | 3.64M | 2.48M |
| Restricted Cash | 25.63M | 23.86M | 46.09M | 106.83M | 62.42M | 1.24M |
| Other Current Assets | 234.54M | 133.47M | 179.64M | 114.42M | 63.38M | 25.13M |
| Total Current Assets | 2.32B | 2.06B | 1.68B | 1.19B | 1.60B | 661.51M |
| Property, Plant & Equipment | 63.79M | 61.58M | 23.54M | 15.63M | 16.16M | 8.21M |
| Goodwill | 28.30M | 28.58M | 27.48M | 26.02M | 24.85M | 9.18M |
| Other Intangible Assets | 64.22M | 76.10M | 97.40M | 55.75M | 51.70M | 36.06M |
| Long-Term Deferred Tax Assets | 2.88M | 4.05M | 8.88M | 86.00K | 3.03M | 1.18M |
| Long-Term Deferred Charges | 222.00K | |||||
| Other Long-Term Assets | 131.91M | 122.44M | 64.44M | 28.78M | 24.06M | 1.31M |
| Total Assets | 2.62B | 2.36B | 1.90B | 1.35B | 1.75B | 717.67M |
| Accounts Payable | 295.06M | 321.00M | 436.74M | 65.38M | 307.45M | 162.88M |
| Accrued Expenses | 265.27M | 241.64M | 363.15M | 204.82M | 177.38M | 202.30M |
| Short-Term Debt | 100.00M | |||||
| Current Portion of Long-Term Debt | 30.36M | 22.54M | ||||
| Current Portion of Leases | 8.47M | 10.28M | 3.06M | 1.57M | 1.73M | |
| Current Income Taxes Payable | 15.19M | 30.32M | 57.93M | 29.46M | 11.11M | 12.89M |
| Current Unearned Revenue | 1.01B | 720.37M | 312.66M | 383.44M | 573.77M | 291.49M |
| Other Current Liabilities | 136.04M | 46.76M | 54.92M | 38.46M | 38.02M | 1.94M |
| Total Current Liabilities | 1.73B | 1.37B | 1.26B | 745.66M | 1.11B | 771.49M |
| Long-Term Debt | 392.16M | 390.80M | 28.02M | |||
| Long-Term Leases | 12.53M | 5.04M | 5.49M | 1.33M | 1.01M | |
| Long-Term Deferred Tax Liabilities | 9.10M | 9.53M | 7.11M | 4.79M | 4.88M | |
| Other Long-Term Liabilities | 36.54M | 32.41M | 23.61M | 16.00M | 1.10M | 119.62M |
| Total Liabilities | 2.18B | 1.81B | 1.30B | 795.82M | 1.12B | 891.11M |
| Common Stock | 1.00K | 1.00K | 1.00K | 1.00K | 1.00K | 106.15M |
| Additional Paid-In Capital | 670.32M | 627.96M | 634.85M | 581.10M | 542.60M | |
| Retained Earnings | -298.58M | -199.76M | -151.45M | -174.16M | -104.54M | -279.30M |
| Treasury Stock | -12.93M | -10.21M | -9.46M | -7.80M | -5.01M | |
| Comprehensive Income & Other | 14.39M | 11.61M | -1.84M | 3.20M | 2.78M | -285.00K |
| Total Common Equity | 373.21M | 429.60M | 472.10M | 402.35M | 435.83M | -173.43M |
| Minority Interest | 58.01M | 119.25M | 135.03M | 153.98M | 193.38M | |
| Shareholders' Equity | 431.22M | 548.85M | 607.14M | 556.33M | 629.21M | -173.43M |
| Total Liabilities & Equity | 2.62B | 2.36B | 1.90B | 1.35B | 1.75B | 717.67M |
| Total Debt | 413.17M | 406.13M | 38.92M | 53.47M | 2.74M | 100.00M |
| Net Cash (Debt) | -73.84M | 284.64M | 409.77M | 292.43M | 464.91M | -63.17M |
| Net Cash Per Share | -0.55 | 2.18 | 2.23 | 2.51 | 6.67 | -0.54 |
| Filing Date Shares Outstanding | 143.16M | 131.37M | 129.62M | 119.31M | 115.87M | 54.14M |
| Total Common Shares Outstanding | 143.14M | 131.16M | 129.42M | 118.90M | 115.42M | 135.67M |
| Working Capital | 590.46M | 693.89M | 421.61M | 449.30M | 492.07M | -109.98M |
| Book Value Per Share | 2.61 | 3.28 | 3.65 | 3.38 | 3.78 | -1.28 |
| Tangible Book Value | 280.69M | 324.91M | 347.22M | 320.57M | 359.28M | -218.67M |
| Tangible Book Value Per Share | 1.96 | 2.48 | 2.68 | 2.70 | 3.11 | -1.61 |
| Machinery | 37.60M | 21.68M | 15.59M | 7.79M | 7.18M | |
| Construction In Progress | 8.13M | 3.43M | 2.09M | 6.81M | 855.00K | |
| Leasehold Improvements | 3.26M | 1.65M | 1.51M | 1.48M | 1.27M | |
| Order Backlog | 5.30B |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -80.87M | -48.31M | 22.72M | -69.62M | -104.48M | -162.00M |
| Depreciation & Amortization | 32.84M | 23.14M | 11.58M | 9.87M | 7.11M | 5.11M |
| Other Amortization | 13.16M | 10.42M | 5.99M | 1.71M | 778.00K | |
| Stock-Based Compensation | 18.20M | 19.54M | 23.86M | 26.92M | 44.13M | |
| Other Operating Activities | -29.74M | -6.37M | 24.90M | -33.69M | -181.65M | 40.01M |
| Change in Accounts Receivable | -375.72M | -124.76M | -89.83M | -63.90M | -65.71M | -27.26M |
| Change in Inventory | -142.56M | -229.62M | -42.53M | 396.28M | -310.50M | -373.54M |
| Change in Accounts Payable | 39.40M | -119.23M | 370.12M | -242.27M | 150.51M | 73.91M |
| Change in Unearned Revenue | 426.14M | 403.63M | -82.00M | -198.37M | 281.60M | -52.48M |
| Change in Income Taxes | 13.26M | -27.89M | 22.80M | 15.75M | -1.78M | 6.96M |
| Change in Other Net Operating Assets | -14.89M | -46.09M | -187.93M | 45.38M | -102.39M | 224.02M |
| Operating Cash Flow | -100.79M | -145.54M | 79.69M | -111.93M | -282.38M | -265.27M |
| Capital Expenditures | -14.54M | -14.88M | -8.12M | -2.99M | -7.93M | -4.29M |
| Cash Acquisitions | -29.21M | -18.00M | ||||
| Sale (Purchase) of Intangibles | -16.55M | -14.91M | -10.86M | -9.23M | ||
| Investment in Securities | 3.69M | 106.66M | -111.27M | |||
| Investing Cash Flow | -57.40M | -29.80M | -18.98M | 94.44M | -148.42M | -22.29M |
| Short-Term Debt Issued | 100.00M | |||||
| Long-Term Debt Issued | 400.00M | 125.00M | ||||
| Total Debt Issued | 101.94M | 400.00M | 225.00M | |||
| Short-Term Debt Repaid | -100.00M | -50.00M | ||||
| Long-Term Debt Repaid | -2.37M | -75.00M | ||||
| Total Debt Repaid | -30.84M | -2.37M | -100.00M | -125.00M | ||
| Net Debt Issued (Repaid) | 71.10M | 397.63M | -100.00M | 100.00M | ||
| Issuance of Common Stock | 3.87M | 2.17M | 5.33M | 7.20M | 298.84M | 131.28M |
| Repurchase of Common Stock | -2.98M | -753.00K | -1.66M | -2.78M | -5.01M | |
| Common Dividends Paid | -1.03M | |||||
| Other Financing Activities | -1.70M | -41.13M | -12.35M | 48.18M | 623.22M | -154.00K |
| Financing Cash Flow | 70.29M | 356.88M | -8.68M | 52.59M | 817.05M | 231.13M |
| Foreign Exchange Rate Adjustments | -7.03M | 14.38M | 3.94M | -2.10M | 5.40M | -547.00K |
| Net Cash Flow | -94.93M | 195.92M | 55.98M | 33.01M | 391.65M | -56.98M |
| Free Cash Flow | -115.33M | -160.42M | 71.57M | -114.92M | -290.32M | -269.56M |
| Free Cash Flow Margin | -4.38% | -7.09% | 2.65% | -5.18% | -24.22% | -39.60% |
| Free Cash Flow Per Share | -0.86 | -1.23 | 0.39 | -0.99 | -4.16 | -2.30 |
| Levered Free Cash Flow | 2.42M | -14.41M | 160.27M | -145.46M | -206.08M | -196.00M |
| Unlevered Free Cash Flow | 434.38K | -16.06M | 157.18M | -146.38M | -206.85M | -196.00M |
| Cash Interest Paid | 15.53M | 9.30M | 3.02M | 2.34M | 1.13M | 1.23M |
| Cash Income Tax Paid | 39.49M | 19.04M | 2.66M | 1.24M | 2.07M | 6.42M |
| Change in Working Capital | -54.38M | -143.96M | -9.36M | -47.12M | -48.27M | -148.39M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 993.13M | 1.41B | 2.93B | 2.72B | 1.67B | |
| Enterprise Value | 1.07B | 1.50B | 2.72B | 2.63B | 1.20B | |
| Last Close Price | 5.72 | 10.80 | 22.71 | 22.99 | 14.59 | |
| PE Ratio | 128.96 | |||||
| Forward PE | 98.27 | 30.42 | ||||
| PS Ratio | 0.39 | 0.62 | 1.09 | 1.23 | 1.39 | |
| PB Ratio | 2.19 | 2.58 | 4.83 | 4.90 | 2.65 | |
| P/TBV Ratio | 3.61 | 4.36 | 8.44 | 8.50 | 4.64 | |
| P/FCF Ratio | 40.93 | |||||
| P/OCF Ratio | 36.76 | |||||
| PEG Ratio | 45.61 | 45.61 | 45.61 | |||
| EV/Sales Ratio | 0.41 | 0.66 | 1.01 | 1.19 | 1.00 | |
| EV/EBITDA Ratio | 71.17 | |||||
| EV/EBIT Ratio | 102.14 | |||||
| EV/FCF Ratio | 37.99 | |||||
| Debt / Equity Ratio | 0.96 | 0.74 | 0.06 | 0.10 | 0.00 | -0.58 |
| Debt / EBITDA Ratio | 0.86 | |||||
| Debt / FCF Ratio | 0.54 | |||||
| Net Debt / Equity Ratio | 0.17 | -0.52 | -0.68 | -0.53 | -0.74 | -0.36 |
| Net Debt / EBITDA Ratio | -0.95 | 12.95 | -10.73 | 2.85 | 1.68 | -0.41 |
| Net Debt / FCF Ratio | -0.64 | 1.77 | -5.72 | 2.54 | 1.60 | -0.23 |
| Asset Turnover | 1.12 | 1.06 | 1.66 | 1.43 | 0.97 | 1.26 |
| Inventory Turnover | 3.32 | 6.17 | 11.57 | 4.73 | 2.42 | 3.51 |
| Quick Ratio | 0.70 | 1.04 | 0.98 | 0.97 | 0.74 | 0.32 |
| Current Ratio | 1.34 | 1.51 | 1.33 | 1.60 | 1.44 | 0.86 |
| Return on Equity (ROE) | -23.54% | -11.76% | 5.22% | -17.68% | -126.89% | |
| Return on Assets (ROA) | -2.95% | -1.32% | 1.02% | -4.54% | -14.39% | -18.31% |
| Return on Invested Capital (ROIC) | -22.66% | -19.55% | 8.86% | -52.60% | -513.24% | |
| Return on Capital Employed (ROCE) | -12.60% | -4.60% | 4.10% | -18.60% | -44.60% | 294.50% |
| Earnings Yield | -11.31% | -3.42% | 0.78% | -2.56% | -6.26% | |
| FCF Yield | -11.38% | -11.34% | 2.44% | -4.22% | -17.41% | |
| Buyback Yield / Dilution | -2.72% | 29.19% | -58.04% | -67.04% | 40.50% |