Fluence Energy, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:02:21Z
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -162.79M | 71.57M | -114.92M | -290.32M | -269.56M | -15.80M |
| Working Capital | 693.89M | 421.61M | 449.30M | 492.07M | -109.98M | — |
| Net Debt | -284.64M | -409.77M | -292.43M | -354.55M | -36.83M | — |
| Gross Margin | 13.07% | 12.64% | 6.36% | -5.20% | -10.16% | 1.41% |
| Net Margin | -2.14% | 0.84% | -3.14% | -8.72% | -23.80% | -8.32% |
| Return on Equity (ROE) | -11.25% | 4.81% | -17.30% | -23.97% | 93.41% | — |
| Return on Assets (ROA) | -2.05% | 1.19% | -5.15% | -5.99% | -22.57% | — |
| Current Ratio | 1.51× | 1.33× | 1.60× | 1.44× | 0.86× | — |
| Debt-to-Equity | 0.95× | 0.08× | 0.13× | 0.01× | 0.00× | — |
| Effective Tax Rate | -50.85% | 23.26% | -4.54% | -0.47% | -1.14% | -15.94% |
| Cash Conversion Ratio | 3.01× | 3.51× | 1.61× | 2.70× | 1.64× | 0.30× |
| Accruals Ratio | 0.04× | -0.03× | 0.03× | 0.10× | 0.14× | — |
| SBC % of Revenue | 0.86% | 0.88% | 1.21% | 3.68% | 0.00% | 0.00% |
| CapEx Coverage | -8.44× | 9.82× | -37.45× | -35.59× | -61.81× | -7.87× |
| Free Cash Flow Per Share | $-1.25 | $0.39 | $-0.99 | $-4.16 | — | — |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | 174.69× | — | — | — | — |
| P/FCF | — | 58.40× | — | — | — | — |
| FCF Yield | — | 1.71% | — | — | — | — |
| P/S | 0.62× | 1.55× | 1.21× | 0.85× | — | — |
| P/B | 3.28× | 8.85× | 6.65× | 2.33× | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.26B | 2.70B | 2.22B | 1.20B | 680.77M | 561.32M |
| Cost of Goods and Services Sold | 1.97B | 2.36B | 2.08B | 1.26B | 749.91M | 553.40M |
| Gross Profit | 295.79M | 341.08M | 140.96M | -62.35M | -69.14M | 7.92M |
| Research and Development Expense | 86.22M | 66.19M | 66.31M | 60.14M | 23.43M | 11.54M |
| Income Tax Expense (Benefit) | 22.92M | 9.21M | 4.55M | 1.36M | 1.83M | 6.42M |
| Net Income (Loss) Attributable to Parent | -48.31M | 22.72M | -69.62M | -104.48M | — | — |
| Earnings Per Share, Basic | $-0.37 | $0.18 | $-0.60 | $-1.50 | — | — |
| Weighted Average Number of Shares Outstanding, Basic | 130.31M | 126.18M | 116.45M | 69.71M | — | — |
| Earnings Per Share, Diluted | $-0.37 | $0.13 | $-0.60 | $-1.50 | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | 130.31M | 184.03M | 116.45M | 69.71M | — | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 690.77M | 448.69M | 345.90M | 357.30M | 36.83M | — |
| Assets, Current | 2.06B | 1.68B | 1.19B | 1.60B | 661.51M | — |
| Assets | 2.36B | 1.90B | 1.35B | 1.75B | 717.67M | — |
| Liabilities, Current | 1.37B | 1.26B | 745.66M | 1.11B | 771.49M | — |
| Long-term Debt, Excluding Current Maturities | — | 0 | 28.02M | 0 | — | — |
| Liabilities | 1.81B | 1.30B | 795.82M | 1.12B | 773.87M | — |
| Stockholders' Equity Attributable to Parent | 429.60M | 472.10M | 402.35M | 435.83M | — | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -145.54M | 79.69M | -111.93M | -282.38M | -265.27M | -14.02M |
| Payments to Acquire Property, Plant, and Equipment | 14.88M | 8.12M | 2.99M | 7.93M | 4.29M | 1.78M |
| Net Cash Provided by (Used in) Investing Activities | -29.80M | -18.98M | 94.44M | -148.42M | -22.29M | 18.22M |
| Payments for Repurchase of Common Stock | — | — | 2.78M | 5.01M | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | 356.88M | -8.68M | 52.59M | 817.05M | 231.13M | 2.50M |
Derived Metrics
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -358.60M | -233.56M | 258.98M | -421.77M | -263.88M | -213.34M |
| Working Capital | 631.17M | 647.21M | 693.89M | 724.86M | 685.85M | 722.26M |
| Net Debt | 14.67M | -48.42M | -284.64M | -26.80M | -164.19M | -210.40M |
| Gross Margin | 10.03% | 4.85% | 13.72% | 14.79% | 9.87% | 11.35% |
| Net Margin | -4.50% | -9.48% | 1.72% | 1.04% | -7.19% | -22.20% |
| Return on Equity (ROE) | -5.68% | -11.62% | 4.18% | 1.53% | -8.00% | -10.13% |
| Return on Assets (ROA) | -0.89% | -1.99% | 0.76% | 0.30% | -1.37% | -1.87% |
| Current Ratio | 1.43× | 1.48× | 1.51× | 1.64× | 1.51× | 1.57× |
| Debt-to-Equity | 1.09× | 1.04× | 0.95× | 1.01× | 1.04× | 0.97× |
| Effective Tax Rate | -5.57% | 11.19% | 47.82% | 39.90% | 4.54% | 2.92% |
| Cash Conversion Ratio | 16.62× | 5.03× | 14.81× | -65.78× | 8.29× | 5.09× |
| Accruals Ratio | 0.14× | 0.08× | -0.11× | 0.20× | 0.10× | 0.08× |
| SBC % of Revenue | 1.99% | 1.11% | 0.39% | 2.57% | 2.11% | 2.82% |
| CapEx Coverage | -32.53× | -33.52× | 39.28× | -39.21× | -39.84× | -100.16× |
| Free Cash Flow Per Share | $-2.71 | $-1.78 | $1.99 | $-2.30 | $-2.03 | $-1.65 |
Valuation Metrics
Income Statement
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 464.89M | 475.23M | 1.04B | 602.53M | 431.62M | 186.79M |
| Cost of Goods and Services Sold | 418.26M | 452.19M | 898.99M | 513.43M | 389.04M | 165.59M |
| Gross Profit | 46.63M | 23.05M | 142.90M | 89.10M | 42.58M | 21.20M |
| Research and Development Expense | 21.07M | 18.54M | 20.89M | 26.01M | 22.12M | 17.20M |
| Income Tax Expense (Benefit) | 1.54M | -7.89M | 22.05M | 4.58M | -1.99M | -1.72M |
| Net Income (Loss) Attributable to Parent | -20.93M | -45.07M | 17.95M | 6.25M | -31.05M | -41.47M |
| Earnings Per Share, Basic | $-0.16 | $-0.34 | $0.14 | $0.05 | $-0.24 | $-0.32 |
| Weighted Average Number of Shares Outstanding, Basic | 132.54M | 131.52M | 130.31M | 130.72M | 129.99M | 129.48M |
| Earnings Per Share, Diluted | $-0.16 | $-0.34 | $0.14 | $0.01 | $-0.24 | $-0.32 |
| Weighted Average Number of Shares Outstanding, Diluted | 132.54M | 131.52M | 130.31M | 183.65M | 129.99M | 129.48M |
Balance Sheet
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 387.30M | 452.56M | 690.77M | 436.32M | 568.62M | 607.36M |
| Assets, Current | 2.08B | 1.99B | 2.06B | 1.85B | 2.03B | 1.98B |
| Assets | 2.35B | 2.27B | 2.36B | 2.08B | 2.27B | 2.21B |
| Liabilities, Current | 1.45B | 1.34B | 1.37B | 1.12B | 1.35B | 1.26B |
| Liabilities | 1.89B | 1.78B | 1.81B | 1.55B | 1.77B | 1.68B |
| Stockholders' Equity Attributable to Parent | 368.12M | 387.99M | 429.60M | 407.38M | 388.17M | 409.44M |
Cash Flow Statement
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -347.90M | -226.79M | 265.74M | -411.28M | -257.42M | -211.23M |
| Payments to Acquire Property, Plant, and Equipment | 8.31M | 5.83M | 4.86M | 10.02M | 6.46M | 2.11M |
| Net Cash Provided by (Used in) Investing Activities | -16.11M | -9.35M | -9.75M | -20.05M | -12.76M | -5.19M |
| Net Cash Provided by (Used in) Financing Activities | 66.61M | -1.79M | -1.76M | 358.64M | 359.11M | 360.83M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (FLNC CIK 0001868941),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.