Fluence Energy, Inc. (FLNC)
Fluence Energy, Inc. (FLNC) is a global provider of sophisticated energy storage systems and AI-powered digital applications, specifically designed for renewable energy integration and overall storage optimization. The company's core offering encompasses integrated energy storage products, blending advanced hardware, proprietary software, and intelligent digital controls. Alongside these products, Fluence delivers comprehensive services, including expert engineering and deployment support, ongoing operational maintenance, and a flexible 'energy storage-as-a-service' model. They also develop standalone digital tools and applications. Key among its product portfolio are solutions like Gridstack, an industrial-grade system built for large-scale grid applications; Sunstack, engineered to maximize the efficiency of solar energy capture and distribution; and Edgestack, a commercial-focused solution designed to manage energy loads and smooth demand peaks for businesses. Fluence serves a diverse client base, including major utilities, renewable energy developers, and commercial and industrial enterprises. Established in 2018 and headquartered in Arlington, Virginia, Fluence operates as a joint venture formed by Siemens Aktiengesellschaft and The AES Corporation.
Sector: Miscellaneous Electrical Machinery, Equipment & Supplies
Industry: Electrical Equipment & Parts
Fluence Energy, Inc.
NASDAQ:FLNCUtilities · Renewable Utilities
+3.43%$5.27
CLOSED · Nov 6Prev close$5.09+3.43%Close$5.27-0.19%AH close$5.26
AH$5.26-0.19%vs close
Mkt Cap$754.47M
Float108.23M
O/S143.16M
VOL5.36M sh
$ Vol$28.22M
RVOL0.77×
Inst Own87.8%
SI33.3%
Dilution
Financials Summary
Revenue$2.26B
Net Income-$48.31M
Total Assets$2.36B
Free Cash Flow-$175.34M
Debt & Equity
Debt 48%
Equity 52%
Total Debt$390.8M
Total Equity$429.6M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FLNC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.36B
Liabilities$1.81B
Accounts Receivable$736.93M
Accounts Payable$321M
Inventory$455.01M
PP&E (Net)$50.32M
Goodwill$28.58M
Intangible Assets$63.4M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
| Revenue | $2.26B | $2.7B | $2.22B | $1.2B | $680.77M | $561.32M | $92.15M |
| YoY Growth | -16.1% | 21.7% | 85.0% | 76.1% | 21.3% | 509.1% | - |
| Cost of Revenue | $1.97B | $2.36B | $2.08B | $1.26B | $749.91M | $553.4M | $100.07M |
| Gross Profit | $295.79M | $341.08M | $140.96M | -$62.35M | -$69.14M | $7.92M | -$7.92M |
| Gross Margin | 13.1% | 12.6% | 6.4% | -5.2% | -10.2% | 1.4% | -8.6% |
| Research and Development | $86.22M | $66.19M | $66.31M | $60.14M | $23.43M | $11.54M | $9.87M |
| Selling, General, and Administrative | $242.56M | $236.84M | $177.42M | $153.92M | $60.79M | $34.18M | $28.91M |
| Other | $13.35M | $11.43M | $9.84M | $0 | $5.11M | -$37.79M | -$46.7M |
| Total Operating Expenses | $342.12M | $314.46M | $253.56M | $214.06M | $89.33M | $7.92M | -$7.92M |
| Operating Income (EBIT) | -$46.34M | $26.62M | -$112.61M | -$276.41M | -$158.47M | $0 | -$49.59M |
| Operating Margin | -2.0% | 1.0% | -5.1% | -23.1% | -23.3% | - | -53.8% |
| Interest Expense | $4.11M | $0 | $0 | $2.02M | $1.44M | $128K | $7K |
| Interest Income | $0 | $5.68M | $5.39M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $1.26M | $12.95M | $12.34M | -$11.41M | -$1.71M | -$40.29M | $1.83M |
| Income Before Tax (EBT) | -$45.07M | $39.57M | -$100.27M | -$287.82M | -$160.17M | -$40.29M | -$47.76M |
| Income Tax Expense | $22.92M | $9.21M | $4.55M | $1.36M | $1.83M | $6.42M | -$778K |
| Net Income | -$48.31M | $22.72M | -$69.62M | -$104.48M | -$162M | -$46.71M | -$46.98M |
| Net Income Margin | -2.1% | 0.8% | -3.1% | -8.7% | -23.8% | -8.3% | -51.0% |
| Supplementary Data | |||||||
| EPS | -0.37 | 0.18 | -0.60 | -0.91 | -2.99 | -0.94 | -0.95 |
| Diluted EPS | -0.37 | 0.12 | -0.60 | -0.91 | -2.99 | -0.94 | -0.95 |
| Weighted Average OS | 130.31M | 126.18M | 116.45M | 114.92M | 54.14M | 49.49M | 49.49M |
| EBITDA | -$16.99M | $41.1M | -$101.94M | -$278.69M | -$153.63M | -$37.14M | -$44.86M |
| EBITDA Margin | -0.8% | 1.5% | -4.6% | -23.3% | -22.6% | -6.6% | -48.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $690.77M | $448.69M | $345.9M | $357.3M | $36.83M | $93.81M | $84.11M |
| Short-Term Investments | $0 | $0 | $0 | $110.36M | $0 | $0 | $20M |
| Cash and Short-Term Investments | $690.77M | $448.69M | $345.9M | $467.65M | $36.83M | $93.81M | $104.11M |
| Accounts Receivable | $736.93M | $780.07M | $374.43M | $357.27M | $206.05M | $186.75M | $24.79M |
| Inventory | $455.01M | $182.6M | $224.9M | $652.74M | $389.79M | $37.31M | $10.68M |
| Other Current Assets | $30.56M | $82.11M | $136.54M | $63.65M | $13.03M | $5.46M | $3.9M |
| Total Current Assets | $2.06B | $1.68B | $1.19B | $1.6B | $661.51M | $327.47M | $148.29M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $50.32M | $15.35M | $12.77M | $13.76M | $8.21M | $5.17M | $3.95M |
| Goodwill | $28.58M | $27.48M | $26.02M | $24.85M | $9.18M | $4.73M | $4.7M |
| Intangible Assets | $63.4M | $60M | $55.75M | $51.7M | $36.06M | $26.3M | $28.75M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $4.05M | $8.88M | $86K | $3.03M | $1.18M | $0 | $1.62M |
| Other Long-Term Assets | $146.39M | $110.03M | $62.56M | $50.79M | $1.54M | $353K | $1.49M |
| Total Long-Term Assets | $292.74M | $221.75M | $157.19M | $144.12M | $56.16M | $36.55M | $40.51M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.36B | $1.9B | $1.35B | $1.75B | $717.67M | $364.02M | $188.8M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $321M | $436.74M | $65.38M | $304.9M | $158.37M | $78.13M | $15.04M |
| Short-Term Debt | $0 | $30.36M | $22.54M | $0 | $100M | $0 | $0 |
| Current Income Tax Payable | $30.32M | $57.93M | $29.46M | $11.11M | $12.89M | $5.94M | $5.17M |
| Current Unearned Revenue | $720.37M | $312.66M | $383.44M | $273.07M | $71.36M | $123.84M | $52.98M |
| Other Current Liabilities | $88.89M | $116.57M | $80.96M | $28.48M | $14.8M | $10.17M | $6.1M |
| Total Current Liabilities | $1.37B | $1.26B | $745.66M | $1.11B | $771.49M | $378.24M | $160.72M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $390.8M | $0 | $28.02M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $9.53M | $7.11M | $4.79M | $4.88M | $0 | $163K | $0 |
| Other Long-Term Liabilities | $37.45M | $29.1M | $17.34M | $1.1M | $2.38M | $2.85M | $2.58M |
| Total Long-Term Liabilities | $437.78M | $36.21M | $50.16M | $6.98M | $2.38M | $3.01M | $2.58M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.81B | $1.3B | $795.82M | $1.12B | $773.87M | $381.25M | $163.3M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1K | $1K | $1K | $1K | $0 | $0 | $0 |
| Retained Earnings | -$199.76M | -$151.45M | -$174.16M | -$104.54M | -$279.3M | -$117.3M | -$70.59M |
| Comprehensive Income & Other | $11.61M | -$1.84M | $3.2M | $2.78M | -$285K | $201K | -$1.28M |
| Other Stockholders' Equity | $629.36M | $623.55M | $576.51M | $540.37M | $223.1M | - | - |
| Total Equity | $429.6M | $472.1M | $402.35M | $435.83M | -$56.2M | $0 | $0 |
| Minority Interest | $119.25M | $135.03M | $153.98M | $193.38M | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.24B | $1.77B | $1.2B | $1.55B | $717.67M | $381.25M | $163.3M |
| Supplementary Data | |||||||
| Total Debt | $390.8M | $30.36M | $50.56M | $2.74M | $100M | $0 | $0 |
| Net Debt | -$299.96M | -$418.32M | -$295.33M | -$354.55M | $63.17M | -$93.81M | -$84.11M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 |
| Operating Activities | |||||||
| Net Income | -$67.99M | $30.37M | -$104.82M | -$289.18M | -$162M | -$46.71M | -$46.98M |
| Depreciation & Amortization | $29.34M | $14.48M | $10.66M | $7.11M | $5.11M | $3.02M | $2.89M |
| Deferred Income Tax | $6.35M | -$6.72M | $2.54M | $516K | -$1.35M | $1.9M | -$843K |
| Stock-Based Compensation | $19.54M | $23.86M | $26.92M | $44.13M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $37.02M | -$393.79M | -$10.29M | -$144.38M | -$11.36M | -$161.26M | -$11.02M |
| Inventory | -$278.73M | $21.73M | $432.77M | -$265.48M | -$366.67M | -$26.63M | -$9.84M |
| Accounts Payable | -$119.23M | $370.12M | -$242.27M | $150.51M | $73.91M | $63.09M | $12.43M |
| Other Working Capital | $216.98M | -$7.42M | -$227.33M | $201.08M | $155.73M | $155.53M | $75.08M |
| Total Working Capital Change | -$143.96M | -$9.36M | -$47.12M | -$58.27M | -$148.39M | $30.72M | $66.65M |
| Other Non-Cash Items | $11.18M | $27.06M | -$115K | $13.31M | $41.36M | -$2.95M | $5.97M |
| Net Cash from Operating | -$145.54M | $79.69M | -$111.93M | -$282.38M | -$265.27M | -$14.02M | $27.68M |
| Investing Activities | |||||||
| Capital Expenditures | -$14.88M | -$8.12M | -$2.99M | -$7.93M | -$4.29M | -$1.78M | -$2.74M |
| Acquisitions | $0 | $0 | -$5.01M | -$29.21M | -$18M | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$111.27M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $111.67M | $0 | $0 | $20M | $0 |
| Other Investing Activities | -$14.91M | -$10.86M | -$9.23M | $0 | $0 | $0 | -$20M |
| Net Cash from Investing | -$29.8M | -$18.98M | $94.44M | -$148.42M | -$22.29M | $18.22M | -$22.74M |
| Financing Activities | |||||||
| Debt Repaid | -$368.63M | - | -$48.18M | - | - | - | - |
| Common Stock Issuance | $2.17M | $5.33M | $7.2M | $938.86M | $131.28M | $2.5M | $10M |
| Common Stock Repurchases | -$753K | -$1.66M | -$2.78M | -$5.01M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$13.17M | -$12.35M | $0 | -$16.8M | -$154K | $0 | $0 |
| Net Cash from Financing | $356.88M | -$8.68M | $52.59M | $817.05M | $231.13M | $2.5M | $10M |
| Forex Effect | $14.38M | $3.94M | -$2.1M | $5.4M | -$547K | $1.33M | -$815K |
| Net Change in Cash | $195.92M | $55.98M | $33.01M | $391.65M | -$56.98M | $8.03M | $14.13M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$145.54M | $79.69M | -$111.93M | -$282.38M | -$265.27M | -$14.02M | $27.68M |
| Capital Expenditure | -$29.8M | -$18.98M | -$12.22M | -$7.93M | -$4.29M | -$1.78M | -$2.74M |
| Free Cash Flow | -$175.34M | $60.71M | -$124.15M | -$290.32M | -$269.56M | -$15.8M | $24.95M |
| Cash at Beginning | $518.71M | $462.73M | $429.72M | $38.07M | $95.05M | $87.02M | $72.89M |
| Cash at End | $714.63M | $518.71M | $462.73M | $429.72M | $38.07M | $95.05M | $87.02M |