FLNC
Fluence Energy Inc
NASDAQ: FLNC · UTILITIES · UTILITIES - RENEWABLE
$11.83
-4.21% today
Updated 2026-04-29
Market cap
$2.18B
P/E ratio
—
P/S ratio
0.85x
EPS (TTM)
$-0.39
Dividend yield
—
52W range
$4 – $34
Volume
4.3M
Fluence Energy Inc (FLNC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $92.15M | $561.32M | $680.77M | $1.20B | $2.22B | $2.70B | $2.26B |
| Revenue growth (YoY) | — | +509.1% | +21.3% | +76.1% | +85.0% | +21.7% | -16.1% |
| Cost of revenue | $100.07M | $553.40M | $749.91M | $1.26B | $2.08B | $2.36B | $1.97B |
| Gross profit | $-7.92M | $7.92M | $-69.14M | $-62.35M | $140.96M | $341.08M | $295.79M |
| Gross margin | -8.6% | 1.4% | -10.2% | -5.2% | 6.4% | 12.6% | 13.1% |
| R&D | $9.87M | $11.54M | $23.43M | $60.14M | $66.31M | $66.19M | $86.22M |
| SG&A | $13.95M | $17.94M | $38.16M | $116.71M | $136.31M | $173.00M | $163.07M |
| Operating income | $-49.59M | $-40.81M | $-158.47M | $-283.52M | $-112.61M | $26.62M | $-46.34M |
| Operating margin | -53.8% | -7.3% | -23.3% | -23.7% | -5.1% | 1.0% | -2.0% |
| EBITDA | $-44.86M | $-37.14M | $-153.63M | $-276.41M | $-101.94M | $41.10M | $-16.99M |
| EBITDA margin | -48.7% | -6.6% | -22.6% | -23.1% | -4.6% | 1.5% | -0.8% |
| EBIT | $-47.75M | $-40.16M | $-158.74M | $-283.52M | $-112.61M | $26.62M | $-46.34M |
| Interest expense | $7000.00 | $128000.00 | $1.44M | $2.02M | $5.39M | — | $4.11M |
| Income tax | $-778000.00 | $6.42M | $1.83M | $1.36M | $4.55M | $9.21M | $22.92M |
| Effective tax rate | 1.6% | -15.9% | -1.1% | -0.5% | -7.0% | 28.8% | -90.2% |
| Net income | $-46.98M | $-46.71M | $-162.00M | $-289.18M | $-69.62M | $22.72M | $-48.31M |
| Net income growth (YoY) | — | +0.6% | -246.8% | -78.5% | +75.9% | +132.6% | -312.7% |
| Profit margin | -51.0% | -8.3% | -23.8% | -24.1% | -3.1% | 0.8% | -2.1% |