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Fluence Energy, Inc.

Fluence Energy, Inc.

NASDAQ•FLNC
CEO: Mr. Julian Jose Nebreda Marquez
Sector: Utilities
Industry: Renewable Utilities
Listing Date: 2021-10-28
Fluence Energy, Inc., through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence. Its energy storage products include Gridstack Pro, a large-scale front-of-the-meter application; Gridstack, a front-of-the-meter application; Sunstack, a DC-coupled energy storage product for DC-coupled solar + storage projects; Edgestack, for smaller-scale commercial and industrial use cases; and Ultrastack, for critical system requirements of distribution and transmission networks. The company also provides engineering and delivery services to support the deployment of its storage products; operational and maintenance services; and digital applications. It serves independent power producers, developer, utilities, and other generators. 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.
Contact Information
4601 Fairfax Drive, Suite 600, Arlington, VA, 22203, United States
833-358-3623
fluenceenergy.com
Market Cap
$3.56B
P/E (TTM)
-73.4
37.7
Dividend Yield
--
52W High
$27.93
52W Low
$3.46
52W Range
97%
Rank50Top 68.9%
3.1
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 3.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.04B-15.17%
4-Quarter Trend

EPS

$0.14-62.16%
4-Quarter Trend

FCF

$270.91M+5320.29%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Energy Storage Deployment Growth Deployed energy storage assets reached 6.8 GW, marking a 36.0% increase over prior year, showing strong project completion.
Service Backlog Expansion Contracted backlog for Service Contracts grew 70.7% to 7.0 GW, indicating robust recurring revenue visibility.
Gross Margin Rate Improvement Gross Profit Margin rose to 13.1% from 12.6%, driven by lower lithium-ion battery costs and efficiency gains.
New Convertible Note Issued Issued $400.0M aggregate principal 2.25% convertible senior notes due 2030 in December 2024 for financing needs.

Risk Factors

Total Revenue Decline Total revenue fell 16.1% to $2.26B USD, driven by lower average price per GWh for energy storage solutions.
Swing to Net Loss Net loss widened to $(68.0M) USD from prior year net income of $30.4M USD, impacted by lower gross profit.
Negative Free Cash Flow Free Cash Flow used $160.4M USD in FY 2025, a major reversal from $71.6M USD provided in the prior year.
New Order Intake Slowdown Contracted order intake for Energy Products Solutions dropped 34.6% to 3.4 GW, signaling slower near-term bookings.

Outlook

Focus on Global Scale Growth strategy centers on leveraging global scale and product development to expand into additional scaling markets.
Supply Chain Localization Actively implementing risk mitigation strategy to benefit from IRA/OBBBA domestic content provisions for U.S. supply chain.
Managing Project Execution Projects have lengthy lead times; management focuses on timely execution to avoid revenue recognition delays.
Digital Offering Expansion Developing and innovating digital software offerings to solve customer challenges and add value across asset portfolios.

Peer Comparison

Revenue (TTM)

Hawaiian Electric Industries, Inc.HE
$2.77B
-13.2%
Fluence Energy, Inc.FLNC
$2.26B
-16.1%
Avista CorporationAVA
$1.96B
+2.1%

Gross Margin (Latest Quarter)

ReNew Energy Global PlcRNW
84.5%
-13.9pp
Avista CorporationAVA
71.5%
+7.5pp
American States Water CompanyAWR
58.3%
-15.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
EE$3.85B13.513.5%35.7%
KEN$3.63B8.031.3%29.3%
FLNC$3.56B-73.4-11.0%16.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
77.3%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 9, 2026
|
EPS:-$0.18
|
Revenue:$444.23M
Reports
All Years
  • Form 10-K - FY 2025

    Period End: Sep 30, 2025|Filed: Nov 25, 2025|
    Revenue: $2.26B-16.1%
    |
    EPS: $-0.37-305.6%
    Miss
  • Form 10-Q - Q3 2025

    Period End: Jun 30, 2025|Filed: Aug 11, 2025|
    Revenue: $602.53M+24.7%
    |
    EPS: $0.05+683.6%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $431.62M-30.7%
    |
    EPS: $-0.24+232.0%
    Miss
  • Form 10-K/A - FY 2024

    Period End: Sep 30, 2024|Filed: Apr 18, 2025|
    Revenue: $2.70B+21.7%
    |
    EPS: $0.18+130.0%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Dec 31, 2024|Filed: Feb 10, 2025|
    Revenue: $186.79M-48.7%
    |
    EPS: $-0.32+128.6%
    Miss
  • Form 10-K - FY 2024

    Period End: Sep 30, 2024|Filed: Nov 29, 2024|Refer to amended data
  • Form 10-Q - Q3 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $483.32M-9.9%
    |
    EPS: $0.01-103.0%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $623.14M-10.7%
    |
    EPS: $-0.07-65.6%
    Miss