Saturday 17 October 2026
Export FLNC’s income statement to Excel — free account
Fluence Energy, Inc.
FLNC Utilities Utilities Renewable
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%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 27.48 | 4.96 | 14.70 | 12.74 | 3.46 |
Analyst estimates 2026–2028 Powerpack |
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| 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.
Fiscal years to Sep 2025 · latest quarter Jun 2026
Charts ten years each
Fluence Energy, Inc. vs peers in Utilities Renewable (Q) = latest quarter vs a year earlier
| 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% |
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.