Fluence Energy Inc (FLNC) financial statements: income statement, balance sheet and cash flow
Fluence Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Fluence Energy Inc reported revenue of $2.3B (-16.1% year on year).
Income statement
Fluence Energy Inc income statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Total revenue
$2.3B
$2.7B
$2.2B
$1.2B
Cost of goods and services
$2.0B
$2.4B
$2.1B
$1.3B
Gross profit
$295.8M
$341.1M
$141.0M
($62.4M)
Research and development
$86.2M
$66.2M
$66.3M
$60.1M
Sales and marketing
$79.5M
$63.8M
$41.1M
$37.2M
General and administrative
$163.1M
$173.0M
$136.3M
$116.7M
Depreciation and amortization
$13.3M
$11.4M
$9.8M
$7.1M
Interest expense (income), net
$4.1M
—
—
—
Other income, net
($5.4M)
—
—
—
(Loss) income before income taxes
($45.1M)
$39.6M
($100.3M)
($287.8M)
Income tax expense
$22.9M
$9.2M
$4.5M
$1.4M
Net (loss) income
($68.0M)
$30.4M
($104.8M)
($289.2M)
Net (loss) income attributable to non-controlling interest
($19.7M)
$7.7M
($35.2M)
($184.7M)
Net (loss) income attributable to Fluence Energy, Inc.
($48.3M)
$22.7M
($69.6M)
($104.5M)
Basic (in shares)
130.3M
126.2M
116.4M
69.7M
Diluted (in shares)
130.3M
184.0M
116.4M
69.7M
Basic (in usd per share)
-$0.37
$0.18
-$0.60
-$1.50
Diluted (in usd per share)
-$0.37
$0.13
-$0.60
-$1.50
Fluence Energy Inc income statement, quarters
Line item
Jun 30, 2026 · Q3
Mar 31, 2026 · Q2
Dec 31, 2025 · Q1
Jun 30, 2025 · Q3
Total revenue
$649.8M
$464.9M
$475.2M
$602.5M
Cost of goods and services
$616.6M
$418.3M
$452.2M
$513.4M
Gross profit
$33.2M
$46.6M
$23.0M
$89.1M
Research and development
$23.7M
$21.1M
$18.5M
$26.0M
Sales and marketing
$25.3M
$23.3M
$22.0M
$19.8M
General and administrative
$37.7M
$37.2M
$41.8M
$35.6M
Depreciation and amortization
$4.0M
$4.3M
$3.7M
$3.6M
Interest (income) expense, net
($2.9M)
$2.8M
$1.4M
$1.1M
Other income, net
($11.1M)
($14.3M)
$6.0M
($8.5M)
(Loss) income before income taxes
($43.5M)
($27.7M)
($70.5M)
$11.5M
Income tax expense (benefit)
$772.0K
$1.5M
($7.9M)
$4.6M
Net (loss) income
($44.3M)
($29.2M)
($62.6M)
$6.9M
Net (loss) income attributable to non-controlling interest
($11.5M)
($8.3M)
($17.5M)
$642.0K
Net (loss) income attributable to Fluence Energy, Inc.
($32.8M)
($20.9M)
($45.1M)
$6.3M
Basic (in shares)
138.1M
132.5M
131.5M
130.7M
Diluted (in shares)
138.1M
132.5M
131.5M
183.6M
Basic (in usd per share)
-$0.24
-$0.16
-$0.34
$0.05
Diluted (in usd per share)
-$0.24
-$0.16
-$0.34
$0.01
Balance sheet
Fluence Energy Inc balance sheet, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Cash and cash equivalents
$690.8M
$448.7M
$345.9M
$357.3M
Restricted cash
$23.9M
$46.1M
$106.8M
$62.4M
Trade receivables, net
$272.8M
$216.5M
$103.4M
$86.8M
Unbilled receivables
$239.6M
$172.1M
$192.1M
$138.5M
Receivables from related parties
$200.7M
$362.5M
$58.5M
$112.0M
Advances to suppliers
$126.8M
$174.5M
$107.9M
$54.8M
Inventory, net
$455.0M
$182.6M
$224.9M
$652.7M
Current portion of notes receivable - pledged as collateral
$0
$30.9M
$24.3M
—
Other current assets
$54.7M
$46.5M
$31.1M
$26.6M
Total current assets
$2.1B
$1.7B
$1.2B
$1.6B
Property and equipment, net
$50.3M
$15.3M
$12.8M
$13.8M
Intangible assets, net
$63.4M
$60.0M
$55.8M
$51.7M
Goodwill
$28.6M
$27.5M
$26.0M
$24.9M
Deferred income tax asset, net
$4.0M
$8.9M
$86.0K
$3.0M
Other non-current assets
$146.4M
$110.0M
$31.6M
$36.8M
Total non-current assets
$292.7M
$221.7M
$157.2M
$144.1M
Total assets
$2.4B
$1.9B
$1.4B
$1.7B
Accounts payable
$321.0M
$436.7M
$62.9M
$304.9M
Deferred revenue
$720.4M
$312.7M
$273.2M
$273.1M
Current portion of borrowings against note receivable - pledged as collateral
$0
$30.4M
$22.5M
—
Personnel related liabilities
$31.9M
$58.6M
$52.2M
$21.3M
Accruals and provisions
$246.2M
$338.3M
$172.2M
$183.8M
Taxes payable
$30.3M
$57.9M
$29.5M
$11.1M
Other current liabilities
$20.6M
$24.2M
$16.7M
$7.2M
Total current liabilities
$1.4B
$1.3B
$745.7M
$1.1B
Deferred income tax liability
$9.5M
$7.1M
$4.8M
$4.9M
Convertible senior notes, net
$390.8M
—
—
—
Other non-current liabilities
$37.4M
$29.1M
$17.3M
$1.1M
Total non-current liabilities
$437.8M
$36.2M
$50.2M
$7.0M
Total liabilities
$1.8B
$1.3B
$795.8M
$1.1B
Preferred stock, $0.00001 per share, 10,000,000 share authorized; no shares issued and outstanding as of September 30, 2025 and 2024
$0.00
$0.00
$0.00
$0.00
Common stock
$1.0K
$1.0K
$1.0K
$1.0K
Treasury stock, at cost
($10.2M)
($9.5M)
($7.8M)
($5.0M)
Additional paid-in capital
$628.0M
$634.9M
$581.1M
$542.6M
Accumulated other comprehensive income (loss)
$11.6M
($1.8M)
$3.2M
$2.8M
Accumulated deficit
($199.8M)
($151.4M)
($174.2M)
($104.5M)
Total stockholders’ equity attributable to Fluence Energy, Inc.
$429.6M
$472.1M
$402.3M
$435.8M
Non-controlling interest
$119.3M
$135.0M
$154.0M
$193.4M
Total stockholders’ equity
$548.8M
$607.1M
$556.3M
$629.2M
Total liabilities, stockholders’ equity
$2.4B
$1.9B
$1.4B
$1.7B
Common stock, shares authorized (in shares)
1.5B
1.3B
—
—
Common stock, shares issued (in shares)
183.5M
—
—
—
Common stock, shares outstanding (in shares)
182.7M
—
—
—
Fluence Energy Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Dec 31, 2025
Jun 30, 2025
Cash and cash equivalents
$339.3M
$387.3M
$452.6M
$436.3M
Restricted cash
$25.6M
$25.6M
$25.2M
$23.6M
Trade receivables, net
$350.1M
$180.1M
$288.9M
$152.6M
Unbilled receivables
$328.2M
$284.7M
$252.2M
$151.4M
Receivables from related parties
$108.9M
$137.5M
$223.0M
$158.4M
Advances to suppliers
$226.4M
$207.2M
$120.7M
$214.1M
Inventory, net
$783.0M
$764.2M
$540.6M
$654.3M
Other current assets
$162.9M
$95.8M
$83.5M
$59.2M
Total current assets
$2.3B
$2.1B
$2.0B
$1.8B
Property and equipment, net
$43.5M
$41.8M
$45.9M
$46.3M
Intangible assets, net
$64.2M
$64.1M
$63.7M
$62.3M
Goodwill
$28.3M
$28.5M
$28.7M
$28.7M
Deferred income tax asset
$2.9M
$4.1M
$4.0M
$2.5M
Other non-current assets
$152.2M
$126.9M
$140.6M
$85.7M
Total non-current assets
$291.1M
$265.4M
$282.9M
$225.5M
Total assets
$2.6B
$2.3B
$2.3B
$2.1B
Accounts payable
$295.1M
$189.1M
$135.2M
$255.6M
Deferred revenue
$1.0B
$871.9M
$863.1M
$593.0M
Personnel related liabilities
$44.2M
$35.4M
$27.1M
$22.5M
Accruals and provisions
$274.9M
$254.6M
$278.0M
$221.5M
Taxes payable
$15.2M
$11.3M
$14.3M
$7.0M
Other current liabilities
$90.7M
$89.1M
$21.7M
$25.1M
Total current liabilities
$1.7B
$1.5B
$1.3B
$1.1B
Deferred income tax liability
$9.1M
$9.2M
$9.5M
$7.5M
Convertible senior notes, net
$392.2M
$391.7M
$391.3M
$390.4M
Other non-current liabilities
$49.1M
$37.5M
$41.1M
$31.6M
Total non-current liabilities
$450.3M
$438.4M
$441.9M
$429.5M
Total liabilities
$2.2B
$1.9B
$1.8B
$1.6B
Preferred stock, $0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2026 and September 30, 2025
$0.00
—
$0.00
$0.00
Common stock
$1.0K
$1.0K
$1.0K
$1.0K
Treasury stock, at cost
($12.9M)
($12.9M)
($12.6M)
($9.9M)
Additional paid-in capital
$670.3M
$640.8M
$635.6M
$623.2M
Accumulated other comprehensive income
$14.4M
$6.1M
$9.8M
$11.8M
Accumulated deficit
($298.6M)
($265.8M)
($244.8M)
($217.7M)
Total stockholders’ equity attributable to Fluence Energy, Inc.
$373.2M
$368.1M
$388.0M
$407.4M
Non-Controlling interests
$58.0M
$90.1M
$100.2M
$113.5M
Total stockholders’ equity
$431.2M
$458.2M
$488.2M
$520.8M
Total liabilities and stockholders’ equity
$2.6B
$2.3B
$2.3B
$2.1B
Cash flow statement
Fluence Energy Inc cash flow statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Net (loss) income
($68.0M)
$30.4M
($104.8M)
($289.2M)
Depreciation and amortization
$29.3M
$14.5M
$10.7M
$7.1M
Amortization of debt issuance costs
$4.2M
$3.1M
$914.0K
$778.0K
Inventory provision (recovery)
$7.0M
$24.0M
($1.0M)
$2.5M
Stock-based compensation
$19.5M
$23.9M
$26.9M
$44.1M
Deferred income taxes
$6.4M
($6.7M)
$2.5M
$516.0K
Trade receivables
($56.7M)
($114.6M)
($13.4M)
($29.2M)
Unbilled receivables
($68.0M)
$24.7M
($50.5M)
($36.5M)
Receivables from related parties
$161.8M
($304.0M)
$53.6M
($78.7M)
Advances to suppliers
$49.1M
($64.3M)
($36.5M)
($45.0M)
Inventory
($278.7M)
$21.7M
$432.8M
($265.5M)
Other current assets
$20.4M
($11.0M)
($36.8M)
$1.4M
Other non-current assets
($86.8M)
($28.1M)
($16.6M)
($35.2M)
Accounts payable
($119.2M)
$370.1M
($242.2M)
$152.5M
Deferred revenue
$403.6M
($9.8M)
($6.9M)
$201.0M
Current accruals and provisions
($93.6M)
$160.2M
($6.9M)
($32.4M)
Taxes payable
($27.9M)
$22.8M
$15.8M
($1.8M)
Other current liabilities
($58.3M)
$18.2M
$39.5M
$6.4M
Other non-current liabilities
$10.4M
($23.3M)
$18.1M
($3.7M)
Net cash (used in) provided by operating activities
($145.5M)
$79.7M
($111.9M)
($282.4M)
Proceeds from maturities of short-term investments
$0
$0
$111.7M
—
Payments for purchase of investment in joint venture
$0
$0
($5.0M)
—
Capital expenditures on software
($14.9M)
($10.9M)
($9.2M)
—
Purchase of property and equipment
($14.9M)
($8.1M)
($3.0M)
($7.9M)
Net cash (used in) provided by investing activities
($29.8M)
($19.0M)
$94.4M
($148.4M)
Proceeds from borrowing against note receivable - pledged as collateral
$0
$0
$48.2M
—
Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards
($753.0K)
($1.7M)
—
—
Proceeds from issuance of 2030 Convertible Senior Notes
$400.0M
—
—
—
Purchases of Capped Calls related to 2030 Convertible Senior Notes
($29.0M)
—
—
—
Proceeds from exercise of stock options
$2.2M
$5.3M
$7.2M
$3.1M
Distribution to AES Grid Stability
($1.0M)
—
—
—
Principal payments on finance leases
($2.4M)
—
—
—
Payments of debt issuance costs
($12.1M)
($8.5M)
$0
($3.4M)
Payments for acquisitions
$0
($3.9M)
—
—
Net cash provided by (used in) financing activities
$356.9M
($8.7M)
$52.6M
$817.1M
Effect of exchange rate changes on cash and cash equivalents
$14.4M
$3.9M
($2.1M)
$5.4M
Net increase in cash and cash equivalents
$195.9M
$56.0M
$33.0M
$391.7M
Cash, cash equivalents, and restricted cash as of the beginning of the period
$518.7M
$462.7M
$429.7M
$38.1M
Cash, cash equivalents, and restricted cash as of the end of the period
$714.6M
$518.7M
$462.7M
$429.7M
Interest paid
$9.3M
$3.0M
$2.3M
$1.1M
Cash paid for income taxes
$19.0M
$2.7M
$1.2M
$2.1M
Fluence Energy Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · YTD
Dec 31, 2025 · Q1
Jun 30, 2025 · YTD
Net loss
($136.1M)
($91.8M)
($62.6M)
($92.1M)
Depreciation and amortization
$30.7M
$19.5M
$8.8M
$18.9M
Amortization of debt issuance costs
$3.7M
$2.3M
$1.1M
$3.1M
Inventory provision
($6.8M)
($7.0M)
($7.1M)
($811.0K)
Stock-based compensation
$14.1M
$9.2M
$5.3M
$15.5M
Deferred income taxes
($119.0K)
($147.0K)
$28.0K
$5.8M
Trade receivables, net
($77.9M)
$92.6M
($16.0M)
$64.8M
Unbilled receivables
($85.9M)
($43.3M)
($11.8M)
$22.4M
Receivables from related parties
$91.8M
$63.2M
($22.3M)
$204.2M
Advances to suppliers
($99.6M)
($80.5M)
$6.1M
($38.4M)
Inventory
($321.4M)
($299.6M)
($77.4M)
($469.7M)
Other current assets
($76.0M)
($41.2M)
($28.5M)
$20.5M
Other non-current assets
($11.6M)
$15.6M
$3.2M
($23.5M)
Accounts payable
($22.2M)
($128.0M)
($182.7M)
($180.8M)
Deferred revenue
$296.6M
$152.0M
$142.0M
$274.1M
Accruals and provisions
$26.3M
$9.6M
$33.8M
($118.4M)
Taxes payable
($15.0M)
($19.1M)
($16.1M)
($56.2M)
Other current liabilities
$10.7M
($1.9M)
($6.3M)
($65.6M)
Other non-current liabilities
$12.1M
$615.0K
$3.8M
$5.0M
Net cash used in operating activities
($366.5M)
($347.9M)
($226.8M)
($411.3M)
Capital expenditures on software and other
($11.7M)
($7.8M)
($3.5M)
($10.0M)
Purchase of property and equipment
($9.7M)
($8.3M)
($5.8M)
($10.0M)
Issuance of note receivable
($30.0M)
—
—
—
Proceeds from sale of equity method investment
$3.7M
—
—
—
Net cash used in investing activities
($47.6M)
($16.1M)
($9.3M)
($20.0M)
Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards
($2.7M)
($2.7M)
($2.4M)
($490.0K)
Proceeds from issuance of 2030 Convertible Senior Notes
$0
—
$0
$400.0M
Purchases of Capped Calls related to 2030 Convertible Senior Notes
$0
—
$0
($29.0M)
Payment for debt issuance costs
($1.7M)
($1.5M)
$0
($12.1M)
Purchases under supply chain financing arrangements
$101.9M
$70.8M
—
—
Repayments of obligations under supply chain financing arrangements
($24.8M)
—
—
—
Proceeds from exercise of stock options
$3.5M
$2.4M
$1.5M
$1.8M
Distribution to AES Grid Stability
$0
—
—
($1.0M)
Principal payments on finance leases
($4.2M)
($2.4M)
($938.0K)
($465.0K)
Net cash provided by financing activities
$72.1M
$66.6M
($1.8M)
$358.6M
Effect of exchange rate changes on cash and cash equivalents
($7.5M)
($4.3M)
$1.1M
$13.9M
Net decrease in cash, cash equivalents, and restricted cash
($349.7M)
($301.7M)
($236.9M)
($58.8M)
Cash, cash equivalents, and restricted cash as of the beginning of the period
$365.0M
$714.6M
$477.8M
$459.9M
Cash, cash equivalents, and restricted cash as of the end of the period