Fluence Energy, Inc.

Listed Company

FLNCCIK 0001868941NasdaqAcceleratedMiscellaneous Electrical Machinery, Equipment & SuppliesFY ends Sep 30

Period

FY 2025

Revenue

$2.26B

Net Income

$-48.31M

Total Assets

$2.36B

Equity

$429.60M

Shares Out

—

Op. Cash Flow

$-145.54M

Business

Fluence Energy, Inc. develops and delivers intelligent energy storage systems and software to enable renewable integration and grid resilience. Its main products and services include configurable battery-based energy storage solutions, recurring operational and maintenance (O&M) services, and cloud-based digital applications such as asset performance management and bid optimization. The company organizes around three core offerings: energy storage solutions, services (O&M and asset management), and digital applications (SaaS platforms). Fluence operates globally, selling to utilities, independent power producers, developers, and commercial and industrial customers through project-based contracts, services agreements, and cloud distribution channels.

Summary from filing dated 2025-11-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Total revenue	2,263	2,699	2,218	1,199	681
Cost of goods and services	1,967	2,357	2,077	1,261	750
Gross profit	296	341	141	−62	−69
Research and development	86	66	66	60	23
Sales and marketing	79	64	41	37	23
General and administrative	163	173	136	117	38
Depreciation and amortization	13	11	10	7	5
Interest expense (income), net	4	−6	−5	—	—
Other income, net	−5	−7	−7	—	—
(Loss) income before income taxes	−45	40	−100	−288	−160
Income tax expense	23	9	5	1	2
Net (loss) income	−68	30	−105	−269	−162
Net (loss) income attributable to non-controlling interest	−20	8	−35	−185	−162
Net (loss) income attributable to Fluence Energy, Inc.	−48	23	−70	−104	—
Basic (in shares)	130	126	116	70	—
Diluted (in shares)	130	184	116	70	—
Basic (in usd per share)	−0.37	0.18	−0.6	−1.5	—
Diluted (in usd per share)	−0.37	0.13	−0.6	−1.5	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	691	449	346	357	37
Restricted cash	24	46	107	62	1
Trade receivables, net	273	216	103	87	57
Unbilled receivables	240	172	192	139	102
Receivables from related parties	201	363	59	112	—
Advances to suppliers	127	175	108	55	10
Inventory, net	455	183	225	653	390
Current portion of notes receivable - pledged as collateral	0	31	24	0	—
Other current assets	55	47	31	27	31
Total current assets	2,064	1,680	1,195	1,602	662
Property and equipment, net	50	15	13	14	8
Intangible assets, net	63	60	56	52	36
Goodwill	29	27	26	25	9
Deferred income tax asset, net	4	9	86,000	3	1
Other non-current assets	146	110	32	26	1
Total non-current assets	293	222	157	144	56
Total assets	2,357	1,902	1,352	1,746	718
Accounts payable	321	437	65	305	158
Current portion of borrowings against note receivable - pledged as collateral	0	30	23	0	—
Personnel related liabilities	32	59	52	21	13
Accruals and provisions	246	338	176	184	186
Taxes payable	30	58	29	11	13
Other current liabilities	21	24	17	9	2
Total current liabilities	1,370	1,259	746	1,109	771
Deferred income tax liability	10	7	5	5	0
Convertible senior notes, net	391	0	—	—	—
Other non-current liabilities	37	29	17	2	2
Total non-current liabilities	438	36	50	7	2
Total liabilities	1,808	1,295	796	1,116	774
Commitments and Contingencies (Note 15)	—	—	—	—	—
Preferred stock, $0.00001 per share, 10,000,000 share authorized; no shares issued and outstanding as of September 30, 2025 and 2024	0	0	0	0	—
Treasury stock, at cost	−10	−9	−8	−5	—
Additional paid-in capital	628	635	581	543	—
Accumulated other comprehensive income (loss)	12	−2	3	3	−285,000
Accumulated deficit	−200	−151	−174	−105	−279
Total stockholders equity attributable to Fluence Energy, Inc.	430	472	402	436	—
Non-controlling interest	119	135	154	193	—
Total stockholders equity	549	607	556	629	—
Total liabilities, stockholders equity	2,357	1,902	1,352	1,746	718

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	29	14	11	7	5
Amortization of debt issuance costs	4	3	914,000	778,000	0
Inventory provision (recovery)	7	24	−1	3	14
Stock-based compensation	20	24	27	44	0
Deferred income taxes	6	−7	3	516,000	−1
Trade receivables	−57	−115	−13	−29	−25
Unbilled receivables	−68	25	−51	−37	−2
Receivables from related parties	162	−304	54	−79	16
Advances to suppliers	49	−64	−36	−45	−7
Inventory	−279	22	433	−265	−367
Other current assets	20	−11	−37	1	−22
Other non-current assets	−87	−28	−17	−35	−1
Accounts payable	−119	370	−242	151	74
Current accruals and provisions	−94	160	−12	−3	21
Taxes payable	−28	23	16	−2	7
Other current liabilities	−58	18	39	6	5
Other non-current liabilities	10	−23	18	−4	−466,000
Net cash (used in) provided by operating activities	−146	80	−112	−282	−265
Proceeds from maturities of short-term investments	0	0	112	0	0
Payments for purchase of investment in joint venture	0	0	−5	0	0
Capital expenditures on software	−15	−11	−9	0	0
Purchase of property and equipment	−15	−8	−3	−8	−4
Net cash (used in) provided by investing activities	−30	−19	94	−148	−22
Proceeds from borrowing against note receivable - pledged as collateral	0	0	48	0	0
Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards	−753,000	−2	−3	−5	—
Proceeds from issuance of 2030 Convertible Senior Notes	400	0	0	—	—
Purchases of Capped Calls related to 2030 Convertible Senior Notes	−29	0	0	—	—
Proceeds from exercise of stock options	2	5	7	3	0
Distribution to AES Grid Stability	−1	0	0	—	—
Principal payments on finance leases	−2	0	0	—	—
Payments of debt issuance costs	−12	−8	0	—	—
Payments for acquisitions	0	−4	0	0	—
Net cash provided by (used in) financing activities	357	−9	53	817	231
Effect of exchange rate changes on cash and cash equivalents	14	4	−2	5	−547,000
Net increase in cash and cash equivalents	196	56	33	392	−57
Interest paid	9	3	2	1	1
Cash paid for income taxes	19	3	1	—	—

Filings

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