Saturday 17 October 2026 Export FLNC’s income statement to Excel — free account

Fluence Energy, Inc.

Fluence Energy, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $2.3 billion, down 16.1% from fiscal 2024. In the quarter to June 2026, revenue grew 7.85%, EPS fell 580.0%, free cash flow grew 85.2% and total debt was flat, each against the same quarter a year earlier. Insiders bought in the last twelve months.

5.80 0.63 −9.80%

Follow FLNC

Alert me

Market cap: $1.2B
P/E: 0.0×
Fwd P/E: −183×
Dividend yield: —
F-score: 2/9
Altman Z: 1.60
Beneish M: −2.43
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.13

Total sells 479.29

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	2	—
Sell	—	—	—	—	1	—	3	2	—	—	—	—

Insider Ownership 19.86%

Capital & Financial Ratios $m

Market Cap 1,190.00

Revenue 2,631.86

Net Income (112.04)

Free Cash Flow (131.88)

Net Debt 27.21

Current Ratio 1.34

Debt/Equity 0.91

P/E ratio 0.00

Fwd P/E (183.00)

P/S ratio 0.30

P/B ratio 1.86

Past 5Y EPS Growth —

This Y EPS Growth (213.78%)

Next Y EPS Growth 71.15%

Next Y revenue growth 6.19%

Next 5Y EPS Growth 28.02%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 6.01%

10-year low 10-year high

P/B against its own 10 years 28.26%

10-year low 10-year high

EV/Sales against its own 10 years 13.73%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	453	495	715	365
Receivables	354	751	713	787
Inventory	225	183	455	783
Other	31	47	55	163
	1,195	1,680	2,064	2,325

	2023	2024	2025	Q'26
Payables	65	437	321	295
ST’ Debt	—	—	—	—
Other	69	83	52	135
	746	1,259	1,370	1,734

Compound Annual Growth %

	10y	5y	3y
Sales	—	32.16%	23.59%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	(4.45%)

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	475	465	650	—	—
’25	187	432	603	1,042	2,263
’24	364	623	483	1,228	2,699
’23	310	698	536	673	2,218
’22	175	343	239	442	1,199
’21	116	98	278	188	681
’20	—	—	—	239	561

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	(227)	(121)	(19)	—	—
’25	(211)	(46)	(154)	266	(146)
’24	19	71	(21)	11	80
’23	(89)	(75)	3	49	(112)
’22	(192)	51	80	(221)	(282)
’21	(58)	(25)	(56)	(126)	(265)
’20	—	—	(76)	62	(14)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	(236)	(128)	(24)	—	—
’25	(216)	(54)	(161)	256	(175)
’24	17	66	(27)	5	61
’23	(91)	(73)	(5)	45	(124)
’22	(192)	50	79	(227)	(290)
’21	(59)	(26)	(57)	(127)	(270)
’20	—	—	(77)	61	(16)

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	(0.34)	(0.16)	(0.24)	—	—
’25	(0.32)	(0.24)	0.04	0.13	(0.37)
’24	(0.14)	(0.07)	0.00	0.34	0.13
’23	(0.21)	(0.21)	(0.20)	0.02	(0.60)
’22	(0.53)	(0.35)	(0.35)	(0.32)	(1.50)
’21	—	—	—	(0.74)	(1.38)
’20	—	—	—	(0.02)	(0.94)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	27.48	4.96	14.70	12.74	3.46	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	39.40	36.71	31.32	26.12	25.85
People
People	Employees	—	—	—	—	379	450	967	1,112	1,595	1,670
	Revenue/emp, $m	—	—	0.00	0.00	1.48	1.51	1.24	1.99	1.69	1.35
Income, $m
Income, $m	Revenue	—	—	92	92	561	681	1,199	2,218	2,699	2,263
	Gross margin, %	—	—	(8.59)	(8.59)	1.41	(10.16)	(5.20)	6.36	12.64	13.07
	EBT	—	—	(48)	(48)	(40)	(160)	(288)	(100)	40	(45)
	EBT margin, %	—	—	(51.83)	(51.83)	(7.18)	(23.53)	(24.01)	(4.52)	1.47	(1.99)
	Net income	—	—	0	(47)	(47)	(162)	(289)	(105)	30	(68)
	Depreciation	—	—	—	3	3	5	8	12	18	34
Per share, $
Per share, $	Revenue	—	—	0.00	0.79	0.00	0.00	17.19	19.05	21.39	17.37
	Earnings	—	—	—	(0.40)	(0.94)	(1.38)	(1.50)	(0.60)	0.18	(0.37)
	Cash flow	—	—	—	0.24	0.00	0.00	(4.05)	(0.96)	0.63	(1.12)
	Capex	—	—	—	(0.02)	0.00	0.00	(0.11)	(0.10)	(0.15)	(0.23)
	Free cash flow	—	—	—	0.21	0.00	0.00	(4.16)	(1.07)	0.48	(1.35)
	Book value	—	—	0.00	0.22	0.00	0.00	9.03	4.78	4.81	4.21
	Shares, m	—	—	—	117	0	0	70	116	126	130
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	133.59	0.00
	P/S	—	—	2.78	2.78	2.78	2.78	0.85	1.18	1.06	0.62
	P/B	—	—	0.00	0.00	0.00	0.00	1.62	4.68	4.72	2.56
	EV/Sales	—	—	2.87	2.87	2.87	2.87	0.49	1.03	0.93	0.52
	EV/FCF	—	—	(7.26)	(7.26)	(7.26)	(7.26)	(2.03)	(18.38)	41.16	(6.75)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	28	(14)	(265)	(282)	(112)	80	(146)
	Capex	—	—	—	(3)	(2)	(4)	(8)	(12)	(19)	(30)
	Free cash flow	—	—	—	25	(16)	(270)	(290)	(124)	61	(175)
Balance, $m
Balance, $m	Working capital	—	—	(12)	(12)	(51)	(110)	492	449	422	694
	Total debt	—	—	—	—	—	100	1	28	—	391
	Net debt	—	—	(84)	(84)	(94)	62	(529)	(425)	(495)	(324)
	Shareholders’ equity	—	—	26	26	(17)	(173)	629	556	607	549
Returns, %
Returns, %	ROA	—	—	(24.61)	(24.88)	0.00	0.00	(8.48)	(4.49)	1.40	(2.27)
	ROIC	—	—	0.00	0.00	0.00	0.00	(176.97)	(53.47)	14.81	(12.87)
	ROE	—	—	208.42	208.42	0.00	0.00	(45.85)	(11.74)	3.90	(8.36)

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CWEN Clearway Energy, Inc.	$6.2B	749×	— (loss-making)	+18.79% (above 0%: growing)	n/m	+735.90% (above 0%: growing)	62.15%	5.65%	Compare
ORA Ormat Technologies, Inc.	$5.5B	42.9×	78.5×	+10.57% (above 0%: growing)	−4.35% (below 0%: shrinking)	−376.02% (below 0%: shrinking)	26.55%	13.22%	Compare
BEPC Brookfield Renewable Corporation	$5.4B	— (loss-making)	— (loss-making)	+19.78% (above 0%: growing)	n/m	+116.56% (above 0%: growing)	61.84%	32.69%	Compare
EBR.B Eletrobras	$2.6B	14.7×	—	+23.00% (above 0%: growing)	+118.50% (above 0%: growing)	+98.52% (above 0%: growing)	88.38%	38.51%	Compare
RNW ReNew Energy Global PLC	$2.5B	21.9×	27.8×	+5.42% (above 0%: growing)	+6.25% (above 0%: growing)	−179.75% (below 0%: shrinking)	83.20%	50.00%	Compare
XIFR XPLR Infrastructure, LP	$1.9B	15.3×	— (loss-making)	+6.14% (above 0%: growing)	−52.38% (below 0%: shrinking)	−105.30% (below 0%: shrinking)	100.00%	16.53%	Compare
FLNC Fluence Energy, Inc.	$1.2B	— (loss-making)	— (loss-making)	+7.85% (above 0%: growing)	n/m	+85.20% (above 0%: growing)	5.12%	(8.85%)
NRGV Energy Vault Holdings, Inc.	$556.4M	— (loss-making)	— (loss-making)	+104.05% (above 0%: growing)	n/m	−671.56% (below 0%: shrinking)	30.95%	(141.97%)	Compare
ELLO Ellomay Capital Ltd.	$300.4M	4.2×	— (loss-making)	+7.04% (above 0%: growing)	n/m	−268.27% (below 0%: shrinking)	24.60%	7.05%	Compare
Median of peers	$2.6B	18.6×	—	+14.68%	+0.95%	−142.53%	62.00%	14.88%

All 24 Utilities Renewable stocks →

Fluence Energy, Inc. (FLNC) key facts

Concern: Fluence Energy, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $2.3 billion, down 16.1% from fiscal 2024.
Concern: Fluence Energy, Inc. reported a net loss of $68.0 million, or a loss of $0.37 per share, for fiscal 2025.
Fluence Energy, Inc. (FLNC) is an Utilities Renewable company in the Utilities sector, listed on Nasdaq.
As of October 16, 2026, FLNC traded at $5.80, a market capitalization of $1.2 billion.
Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.3× sales.
Return on equity was −8.36% and debt-to-equity 0.91.
Its Piotroski F-score is 2 out of 9 and its Altman Z-score is 1.60 (distress zone) for fiscal 2025.