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MARKETS / NASDAQ / FLNC
NASDAQ · MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES · MID CAP

Fluence Energy, Inc. FLNC

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.3B
▼ 16.1% YoY
$-48.3M
▼ 312.7% YoY
$-160.4M
▼ 324.1% YoY
In brief

What this company does

Fluence Energy, Inc. sells energy storage solutions, services, and digital offerings to customers including utilities and load-serving entities, independent power producers, developers, conglomerates, and commercial and industrial customers. As of September 30, 2025, the company had 6.8 gigawatts of energy storage assets deployed and 9.1 GW of contracted backlog across 33 markets in 25 countries, with a gross global pipeline of 128.8 GW. As of September 30, 2025, it had approximately 1670 full-time employees across 15 different countries. In fiscal year 2025, its two largest customers represented approximately 41% of its revenues. Its offerings include energy storage products and solutions, recurring operational and maintenance services, and digital applications for energy storage and other power assets. The company sells configurable energy storage solutions with integrated hardware, software, and digital intelligence. In addition to energy storage solutions, its offerings include recurring operational and maintenance services. Fluence Energy, Inc. was formed on June 21, 2021 and completed its initial public offering on November 1, 2021.

Written from the business description in Fluence Energy, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 November 2025. Every sentence was checked against that document before publication.

Growth
USD 2.3B
Revenue, FY2025 · full 6-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.3 · Net income -0.0
1B2B202020212022202320242025
Compound annual growth
+23.6%
+32.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +32.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−3 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -2.0% · Net -3.0%
-10%-20%202020212022202320242025
ROE
FY2025 · ROE -10.7%
2%4%-10%-20%202020212022202320242025

Each USD of equity lost 11 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -160.4
25.0M50.0M-100.0M-200.0M202020212022202320242025
Net buybacks $M Dividends $M
FY2023 · Dividends — · Net buybacks -4.4
0.8M1.6M-2.0M-4.0M2020202120222023

Total assetsUSD 2.4B
EquityUSD 429.6M
CashUSD 690.8M
Gross debtUSD 0.00
Net debtUSD -690.8M
Current ratio1.51×

The company holds more cash than debt.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020
Revenue $B2.32.72.21.20.70.6
Operating income $B−0.00.0−0.1−0.3−0.2−0.0
EBITDA $B−0.00.1−0.1−0.3−0.2−0.0
Income tax $B0.00.00.00.00.00.0
Net income $B−0.00.0−0.1−0.1−0.2−0.0
Free cash flow $B−0.20.1−0.1−0.3−0.3−0.0
EPS, diluted $−0.370.13−0.60−1.50··
Dividend / sh $······
Payout %······
ROE %−10.75.2−16.6−24.0··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 69 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMiscellaneous Electrical Machinery, Equipment & Supplies
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsSeptember 30
Data on record since2020

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