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Fluence Energy, Inc.(FLNC)Earnings, Financials & Key Ratios
FLNC•NASDAQ•Utilities
$13.56
$1.77B mkt cap·Price updated May 6, 2026
AboutFluence Energy, Inc. provides energy storage products and services, and artificial intelligence enabled digital applications for renewables and storage applications worldwide. The company sells energy storage products with integrated hardware, software, and digital intelligence, as well as engineering and delivery services to support the deployment of its storage products; operational and maintenance, and energy storage-as-a-service; and digital applications and solutions. Its energy storage products include Gridstack, a grid-scale industrial strength energy storage product; Sunstack for optimizing solar capture and delivery; and Edgestack, a commercial energy storage product that discharges when needed to flatten a facility's energy load profile. The company serves utilities, developers, and commercial and industrial customers. Fluence Energy, Inc. was founded in 2018 and is headquartered in Arlington, Virginia. Fluence Energy, Inc. is a joint venture of Siemens Aktiengesellschaft and The AES Corporation.Show more
- Revenue$2.26B-16.1%
- EBITDA-$17M-141.3%
- Net Income-$48M-312.7%
- Free Cash Flow-$175M-388.8%
- EBITDA Margin-0.75%-149.3%
- Net Margin-2.14%-353.6%
- ROE-8.36%-314.1%
- Debt/Equity0.71+1323.9%
- CapEx / Revenue0.66%+118.7%
- CapEx Coverage-9.78-199.6%
FLNC Key Insights
Fluence Energy, Inc. (FLNC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 29.2% through buybacks
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
FLNC Price & Volume
Fluence Energy, Inc. (FLNC) stock price & volume — 10-year historical chart
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FLNC Growth Metrics
Fluence Energy, Inc. (FLNC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years32.16%
3 Years23.59%
TTM10.93%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-75.01%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-24.75%
Return on Capital
10 Years-333.03%
5 Years-364.32%
3 Years-6.52%
Last Year-5.69%
FLNC Recent Earnings
Fluence Energy, Inc. (FLNC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 5/12 qtrs (42%)
Q1 2026Latest
Feb 4, 2026EPS
$0.34
Est $0.18
-88.9%
Revenue
$475M
Est $481M
-1.2%
Q4 2025
Nov 24, 2025EPS
$0.13
Est $0.19
-32.7%
Revenue
$1.0B
Est $1.4B
-24.9%
Q3 2025
Aug 11, 2025EPS
$0.01
Est $0.02
+150.0%
Revenue
$603M
Est $1.4B
-56.9%
Q2 2025
May 7, 2025EPS
$0.24
Est $0.21
-14.3%
Revenue
$432M
Est $325M
+32.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 4, 2026 | $0.34vs $0.18-88.9% | $475Mvs $481M-1.2% |
| Q4 2025 | Nov 24, 2025 | $0.13vs $0.19-32.7% | $1.0Bvs $1.4B-24.9% |
| Q3 2025 | Aug 11, 2025 | $0.01vs $0.02+150.0% | $603Mvs $1.4B-56.9% |
| Q2 2025 | May 7, 2025 | $0.24vs $0.21-14.3% | $432Mvs $325M+32.7% |
Based on last 12 quarters of dataView full earnings history →
FLNC Peer Comparison
Fluence Energy, Inc. (FLNC) competitors in Grid, Storage and Power Equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 STEM | 91.07M | 10.69 | -1.16 | 8.08% | 94.16% | |||
 NRGV | 728.22M | 4.21 | -6.48 | 340.86% | -52.97% | -146.8% | 1.07 | |
 GNRC | 15.69B | 267.42 | 99.41 | -2.02% | 4.37% | 7.18% | 0.51 | |
 BE | 68.63B | 285.47 | -771.54 | 37.33% | 0.25% | 0.79% | 3.77 | |
 FCEL | 673.92M | 12.81 | -1.73 | 41.05% | -107.98% | -26.76% | 0.20 | |
 PLUG | 4.61B | 3.31 | 12.9% | -229.83% | -124.41% | 19.75 | ||
 ARRY | 1.24B | 8.12 | -11.13 | 40.22% | -5.56% | -20.64% | 2.94 | |
 ENPH | 4.72B | 35.80 | 27.75 | 10.72% | 9.64% | 13.28% | 1.14 |
Compare FLNC vs Peers
Fluence Energy, Inc. (FLNC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FLNC Income Statement
Fluence Energy, Inc. (FLNC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Revenue | 92.15M | 561.32M | 680.77M | 1.2B | 2.22B | 2.7B | 2.26B | 2.58B |
| Revenue Growth % | - | 509.13% | 21.28% | 76.07% | 85.05% | 21.67% | -16.15% | 10.93% |
| Cost of Revenue | 100.07M | 553.4M | 749.91M | 1.26B | 2.08B | 2.36B | 1.97B | 2.28B |
| Gross Profit | -7.92M▲ 0% | 7.92M▲ 200.1% | -69.14M▼ 972.7% | -62.35M▲ 9.8% | 140.96M▲ 326.1% | 341.08M▲ 142.0% | 295.79M▼ 13.3% | 301.68M▲ 0% |
| Gross Margin % | -8.59% | 1.41% | -10.16% | -5.2% | 6.36% | 12.64% | 13.07% | 11.67% |
| Gross Profit Growth % | - | 200.08% | -972.7% | 9.82% | 326.06% | 141.98% | -13.28% | - |
| Operating Expenses | -7.92M | 7.92M | 89.33M | 221.17M | 253.56M | 314.46M | 342.12M | 347.27M |
| Other Operating Expenses | - | - | - | - | - | - | - | - |
| EBITDA | -46.7M | -37.14M | -153.36M | -276.41M | -101.94M | 41.1M | -16.99M | -18.9M |
| EBITDA Margin % | -50.68% | -6.62% | -22.53% | -23.06% | -4.6% | 1.52% | -0.75% | -0.73% |
| EBITDA Growth % | - | 20.47% | -312.88% | -80.24% | 63.12% | 140.32% | -141.34% | -154.24% |
| Depreciation & Amortization | 2.89M | 3.02M | 5.11M | 7.11M | 10.66M | 14.48M | 29.34M | 26.69M |
| D&A / Revenue % | 3.14% | 0.54% | 0.75% | 0.59% | 0.48% | 0.54% | 1.3% | 1.03% |
| Operating Income (EBIT) | -49.59M▲ 0% | 0▲ 100.0% | -158.47M▲ 0% | -283.52M▼ 78.9% | -112.61M▲ 60.3% | 26.62M▲ 123.6% | -46.34M▼ 274.1% | -45.59M▲ 0% |
| Operating Margin % | -53.82% | 0% | -23.28% | -23.65% | -5.08% | 0.99% | -2.05% | -1.76% |
| Operating Income Growth % | - | 100% | - | -78.91% | 60.28% | 123.64% | -274.06% | - |
| Interest Expense | 7K | 128K | 1.44M | 2.02M | 0 | 0 | 0 | 1000K |
| Interest Coverage | -6821.71x | -313.76x | -110.62x | -140.50x | - | - | - | - |
| Interest / Revenue % | 0.01% | 0.02% | 0.21% | 0.17% | 0% | 0% | 0% | 0.04% |
| Non-Operating Income | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 0 |
| Pretax Income | -47.76M▲ 0% | -40.29M▲ 15.6% | -160.17M▼ 297.6% | -287.82M▼ 79.7% | -100.27M▲ 65.2% | 39.57M▲ 139.5% | -45.07M▼ 213.9% | -40.59M▲ 0% |
| Pretax Margin % | -51.83% | -7.18% | -23.53% | -24.01% | -4.52% | 1.47% | -1.99% | -1.57% |
| Income Tax | -778K | 6.42M | 1.83M | 1.36M | 4.55M | 9.21M | 22.92M | 20.28M |
| Effective Tax Rate % | 1.63% | -15.94% | -1.14% | -0.47% | -4.54% | 23.26% | -50.85% | -49.96% |
| Net Income | -46.98M▲ 0% | -46.71M▲ 0.6% | -162M▼ 246.8% | -289.18M▼ 78.5% | -69.62M▲ 75.9% | 22.72M▲ 132.6% | -48.31M▼ 312.7% | -41.8M▲ 0% |
| Net Margin % | -50.98% | -8.32% | -23.8% | -24.13% | -3.14% | 0.84% | -2.14% | -1.62% |
| Net Income Growth % | - | 0.58% | -246.83% | -78.5% | 75.92% | 132.63% | -312.69% | -75.01% |
| EPS (Diluted) | -0.95▲ 0% | -0.94▲ 1.1% | -2.99▼ 218.1% | -4.15▼ 38.8% | -0.60▲ 85.5% | 0.12▲ 120.0% | -0.37▼ 408.3% | -0.32▲ 0% |
| EPS Growth % | - | 1.05% | -218.09% | -38.8% | 85.54% | 120% | -408.33% | -24.75% |
| EPS (Basic) | -0.95 | -0.94 | -2.99 | -4.15 | -0.60 | 0.18 | -0.37 | - |
| Diluted Shares Outstanding | 49.49M | 49.49M | 54.14M | 69.71M | 116.45M | 184.03M | 130.31M | 132.03M |
FLNC Balance Sheet
Fluence Energy, Inc. (FLNC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 188.8M | 364.02M | 717.67M | 1.75B | 1.35B | 1.9B | 2.36B | 2.35B |
| Asset Growth % | - | 92.81% | 97.15% | 143.24% | -22.54% | 40.68% | 23.91% | 52.51% |
| PP&E (Net) | 3.95M | 5.17M | 8.21M | 13.76M | 12.77M | 15.35M | 50.32M | 41.77M |
| PP&E / Total Assets % | 2.09% | 1.42% | 1.14% | 0.79% | 0.94% | 0.81% | 2.13% | 1.78% |
| Total Current Assets | 148.29M | 327.47M | 661.51M | 1.6B | 1.19B | 1.68B | 2.06B | 2.08B |
| Cash & Equivalents | 84.11M | 93.81M | 36.83M | 357.3M | 345.9M | 448.69M | 690.77M | 387.3M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 10.68M | 37.31M | 389.79M | 652.74M | 224.9M | 182.6M | 455.01M | 764.16M |
| Other Current Assets | 3.9M | 5.46M | 13.03M | 63.65M | 136.54M | 82.11M | 30.56M | 466.19M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 4.7M | 4.73M | 9.18M | 24.85M | 26.02M | 27.48M | 28.58M | 28.51M |
| Intangible Assets | 28.75M | 26.3M | 36.06M | 51.7M | 55.75M | 60M | 63.4M | 64.13M |
| Other Assets | 1.49M | 353K | 1.54M | 50.79M | 62.56M | 110.03M | 146.39M | 126.92M |
| Total Liabilities | 163.3M | 381.25M | 773.87M | 1.12B | 795.82M | 1.3B | 1.81B | 1.89B |
| Total Debt | 0 | 0 | 100M | 2.74M | 50.56M | 30.36M | 390.8M | 391.71M |
| Net Debt | -84.11M | -93.81M | 63.17M | -354.55M | -295.33M | -418.32M | -299.96M | 4.41M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 28.02M | 0 | 390.8M | 391.71M |
| Short-Term Borrowings | 0 | 0 | 100M | 0 | 22.54M | 30.36M | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 2.74M | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 160.72M | 378.24M | 771.49M | 1.11B | 745.66M | 1.26B | 1.37B | 1.45B |
| Accounts Payable | 15.04M | 78.13M | 158.37M | 304.9M | 65.38M | 436.74M | 321M | 189.08M |
| Accrued Expenses | 17.8M | 137.7M | 186.14M | 183.81M | 163.89M | 304.57M | 209.79M | 643.11M |
| Deferred Revenue | 52.98M | 123.84M | 71.36M | 273.07M | 383.44M | 312.66M | 720.37M | 805.53M |
| Other Current Liabilities | 6.1M | 10.17M | 14.8M | 28.48M | 80.96M | 116.57M | 88.89M | 645.79M |
| Deferred Taxes | 0 | 163K | 0 | 1000K | 1000K | 1000K | 1000K | 35.81M |
| Other Liabilities | 2.58M | 2.85M | 2.38M | 1.1M | 17.34M | 29.1M | 37.45M | 37.46M |
| Total Equity | 0▲ 0% | 0▲ 0% | -56.2M▲ 0% | 629.21M▲ 1219.6% | 556.33M▼ 11.6% | 607.14M▲ 9.1% | 548.85M▼ 9.6% | 458.18M▲ 0% |
| Equity Growth % | - | - | - | 1219.61% | -11.58% | 9.13% | -9.6% | -28.77% |
| Shareholders Equity | 0 | 0 | -56.2M | 435.83M | 402.35M | 472.1M | 429.6M | 368.12M |
| Minority Interest | 0 | 0 | 0 | 193.38M | 153.98M | 135.03M | 119.25M | 90.06M |
| Common Stock | 0 | 0 | 0 | 1K | 1K | 1K | 1K | 1K |
| Additional Paid-in Capital | 0 | 0 | 0 | 542.6M | 581.1M | 634.85M | 627.96M | 0 |
| Retained Earnings | -70.59M | -117.3M | -279.3M | -104.54M | -174.16M | -151.45M | -199.76M | -265.76M |
| Accumulated OCI | -1.28M | 201K | -285K | 2.78M | 3.2M | -1.84M | 11.61M | 6.05M |
| Return on Assets (ROA) | -24.88% | -16.9% | -29.95% | -23.48% | -4.49% | 1.4% | -2.27% | -1.85% |
| Return on Equity (ROE) | - | - | - | -100.93% | -11.74% | 3.9% | -8.36% | -8.29% |
| Debt / Equity | - | - | - | 0.00x | 0.09x | 0.05x | 0.71x | 0.71x |
| Debt / Assets | - | - | 13.93% | 0.16% | 3.74% | 1.6% | 16.58% | 16.68% |
| Net Debt / EBITDA | - | - | - | - | - | -10.18x | - | -0.23x |
| Book Value per Share | - | - | -1.04 | 9.03 | 4.78 | 3.3 | 4.21 | 3.47 |
FLNC Cash Flow Statement
Fluence Energy, Inc. (FLNC) cash flow — operating, investing & free cash flow history
| Line item | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 27.68M | -14.02M | -265.27M | -282.38M | -111.93M | 79.69M | -145.54M | -145.54M |
| Operating CF Growth % | - | -150.63% | -1792.62% | -6.45% | 60.36% | 171.19% | -282.64% | 1624.81% |
| Operating CF / Revenue % | 30.04% | -2.5% | -38.97% | -23.56% | -5.05% | 2.95% | -6.43% | -5.63% |
| Net Income | -46.98M | -46.71M | -162M | -289.18M | -104.82M | 30.37M | -67.99M | -41.8M |
| Depreciation & Amortization | 2.89M | 3.02M | 5.11M | 7.11M | 10.66M | 14.48M | 29.34M | 38.2M |
| Deferred Taxes | -843K | 1.9M | -1.35M | 516K | 2.54M | -6.72M | 6.35M | 5.76M |
| Other Non-Cash Items | 5.97M | -2.95M | 41.36M | 13.31M | -115K | 27.06M | 11.18M | -274.98M |
| Working Capital Changes | 66.65M | 30.72M | -148.39M | -58.27M | -47.12M | -9.36M | -143.96M | 36.19M |
| Capital Expenditures | -22.74M | 18.22M | -22.29M | -148.42M | 94.44M | -18.98M | -29.8M | -33.15M |
| CapEx / Revenue % | 24.67% | 3.25% | 3.27% | 12.38% | 4.26% | 0.3% | 0.66% | 0.81% |
| CapEx / D&A | 7.86x | 6.04x | 4.36x | 20.88x | 8.85x | 0.56x | 0.51x | 0.55x |
| CapEx Coverage (OCF/CapEx) | 1.22x | -0.77x | -11.90x | -1.90x | -1.19x | 9.82x | -9.78x | -6.93x |
| Cash from Investing | -22.74M | 18.22M | -22.29M | -148.42M | 94.44M | -18.98M | -29.8M | -33.15M |
| Acquisitions | 0 | 0 | -18M | -29.21M | -5.01M | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | -111.27M | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 20M | 0 | 0 | 111.67M | 0 | 0 | 0 |
| Other Investing | -20M | 0 | 0 | 0 | -9.23M | -10.86M | -14.91M | -16.41M |
| Cash from Financing | 10M | 2.5M | 231.13M | 817.05M | 52.59M | -8.68M | 356.88M | 64.38M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio % | - | - | - | - | - | - | - | - |
| Debt Issuance (Net) | 0 | 0 | 1000K | -1000K | 1000K | 0 | 1000K | -2.4M |
| Stock Issued | 10M | 2.5M | 131.28M | 938.86M | 7.2M | 5.33M | 2.17M | 930K |
| Share Repurchases | 0 | 0 | 0 | -5.01M | -2.78M | -1.66M | -753K | -263K |
| Other Financing | 0 | 0 | -154K | -16.8M | 0 | -12.35M | -13.17M | 67.87M |
| Net Change in Cash | 14.13M▲ 0% | 8.03M▼ 43.2% | -56.98M▼ 809.5% | 391.65M▲ 787.3% | 33.01M▼ 91.6% | 55.98M▲ 69.6% | 195.92M▲ 250.0% | -197.13M▲ 0% |
| Exchange Rate Effect | -815K | 1.33M | -547K | 5.4M | -2.1M | 3.94M | 14.38M | 7.67M |
| Cash at Beginning | 72.89M | 87.02M | 95.05M | 38.07M | 429.72M | 462.73M | 518.71M | 477.77M |
| Cash at End | 87.02M | 95.05M | 38.07M | 429.72M | 462.73M | 518.71M | 714.63M | 412.89M |
| Free Cash Flow | 4.95M▲ 0% | 4.2M▼ 15.0% | -287.56M▼ 6940.2% | -430.8M▼ 49.8% | -17.49M▲ 95.9% | 60.71M▲ 447.1% | -175.34M▼ 388.8% | -269.17M▲ 0% |
| FCF Growth % | - | -15% | -6940.18% | -49.81% | 95.94% | 447.11% | -388.81% | 7.89% |
| FCF Margin % | 5.37% | 0.75% | -42.24% | -35.94% | -0.79% | 2.25% | -7.75% | -10.41% |
| FCF / Net Income % | -10.53% | -9% | 177.5% | 148.98% | 25.12% | 267.26% | 362.91% | 643.97% |
FLNC Key Ratios
Fluence Energy, Inc. (FLNC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -100.93% | -11.74% | 3.9% | -8.36% | -8.29% |
| EBITDA Margin | -6.62% | -22.53% | -23.06% | -4.6% | 1.52% | -0.75% | -0.73% |
| Net Debt / EBITDA | - | - | - | - | -10.18x | - | -0.23x |
| Interest Coverage | -313.76x | -110.62x | -140.50x | - | - | - | - |
| CapEx / Revenue | 3.25% | 3.27% | 12.38% | 4.26% | 0.3% | 0.66% | 0.81% |
| Dividend Payout Ratio | - | - | - | - | - | - | 0% |
| Debt / Equity | - | - | 0.00x | 0.09x | 0.05x | 0.71x | 0.71x |
| EPS Growth | 1.05% | -218.09% | -38.8% | 85.54% | 120% | -408.33% | -24.75% |
FLNC SEC Filings & Documents
Fluence Energy, Inc. (FLNC) SEC filings — annual & quarterly reports (10-K, 10-Q)
FLNC Frequently Asked Questions
Fluence Energy, Inc. (FLNC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Fluence Energy, Inc. (FLNC) reported $2.58B in revenue for fiscal year 2025. This represents a 2705% increase from $92.2M in 2019.
Fluence Energy, Inc. (FLNC) saw revenue decline by 16.1% over the past year.
Fluence Energy, Inc. (FLNC) reported a net loss of $41.8M for fiscal year 2025.
Dividend & Returns
Fluence Energy, Inc. (FLNC) has a return on equity (ROE) of -8.4%. Negative ROE indicates the company is unprofitable.
Fluence Energy, Inc. (FLNC) had negative free cash flow of $269.2M in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Fluence Energy, Inc. (FLNC) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.
Explore More FLNC
Fluence Energy, Inc. (FLNC) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates