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Nasdaq · Technology

Fluence Energy, Inc. (FLNC)

As-reported financials and SEC filings for Fluence Energy, Inc. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Fluence Energy, Inc.

Fluence Energy, Inc. provides intelligent energy storage solutions and optimization software for renewable energy and storage markets. The company offers configurable energy storage systems, operational and maintenance services, and digital applications designed to enhance grid resilience and optimize renewable energy portfolios. Fluence serves independent power producers, developers, utilities, and other energy generators across multiple global markets.

Snapshot

Revenue
$2.26B
Revenue growth (YoY)
-16.1%
Net income
$-48.3M
Diluted EPS
$-0.37
Gross margin
13.1%
Operating margin
Net margin
-2.1%
FCF margin
-7.1%
ROE
-8.8%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$1.94B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended September 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Fluence Energy

  • Revenue fell 16.1% to $2.3B in FY2025, slower than the 21.7% the year before.
  • Most recent quarter Q3 FY2026: revenue $650M, up 7.9% from Q3 FY2025.
  • Free cash flow was negative $160M in FY2025.
  • Net income turned to a $48M loss in FY2025, from a $23M profit in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Fluence Energy’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin13.1%
8th percentile of 509
Net margin-2.1%
38th percentile of 577
FCF margin-7.1%
16th percentile of 544
Revenue growth (YoY)-16.1%
8th percentile of 616
ROE-8.8%
29th percentile of 540
Short interest2.71d
43rd percentile of 622

Fluence Energy’s gross margin of 13.1% ranks in the 8th percentile of the 509 Technology companies reporting it. Fluence Energy’s revenue growth of -16.1% ranks in the 8th percentile of the 616 Technology companies reporting it.

No reported insider purchases (code P) in the last 90 days; 3 insider sales totaling $879,703. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+6 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$218.9M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$106.1M5.3MReduced
D. E. ShawquantQ2 2026$63.5M3.2MReduced
Point72 Asset ManagementquantQ2 2026$25.9M1.3MAdded
Citadel AdvisorsquantQ2 2026$11.9M597.2KAdded
AQR Capital ManagementquantQ2 2026$9.0M450.6KReduced
Millennium ManagementquantQ2 2026$2.5M127.9KReduced

No longer held by: Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
3
$880K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-23
filed 2026-06-24
Zahurancik JohnSVP & CCSOSell16.0K$22.03$352K
2026-06-22
filed 2026-06-24
Zahurancik JohnSVP & CCSOSell16.0K$25.18$403K
2026-06-15
filed 2026-06-16
von Heynitz HaraldDirectorSell5.0K$25.00$125K
2026-05-15
filed 2026-05-19
AES CORP10% ownerSell10.1M$21.00$211.4M
2026-05-15
SPT Holding Sarl10% ownerSell10.1M$20.53$206.6M
2026-05-15
filed 2026-05-18
Qatar Investment Authority10% ownerSell2.9M$21.00$60.2M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
25.4M
settled 2026-08-14
Change vs prior
+13.9%
vs previous settlement
Days to cover
2.71
at avg daily volume
Avg daily volume
9.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1425.4M+13.9%2.71
2026-07-3122.3M-16.2%3.35
2026-07-1526.7M+3.6%3.06
2026-06-3025.7M+1.2%2.74
2026-06-1525.4M+5.9%1.51
2026-05-2924.0M-4.6%2.70
2026-05-1525.2M-7.3%1.34
2026-04-3027.2M+11.0%5.55

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.26B$2.70B$2.22B$1.20B$680.8M
Gross profit$295.8M$341.1M$141.0M$-62.4M$-69.1M
Operating income
Net income$-48.3M$22.7M$-69.6M$-104.5M$-162.0M
Diluted EPS$-0.37$0.13$-0.60$-1.50

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$690.8M$448.7M$345.9M$357.3M$36.8M
Current assets$2.06B$1.68B$1.19B$1.60B$661.5M
Total assets$2.36B$1.90B$1.35B$1.75B$717.7M
Current liabilities$1.37B$1.26B$745.7M$1.11B$771.5M
Long-term debt$0$28.0M$0
Total liabilities$1.81B$1.30B$795.8M$1.12B$773.9M
Total equity$548.8M$607.1M$556.3M$629.2M$-173.4M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-145.5M$79.7M$-111.9M$-282.4M$-265.3M
Capital expenditure$14.9M$8.1M$3.0M$7.9M$4.3M
Free cash flow$-160.4M$71.6M$-114.9M$-290.3M$-269.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$649.8M7.9%$-32.8M$-0.24
Q2 FY2026$464.9M7.7%$-20.9M$-0.16
Q1 FY2026$475.2M154.4%$-45.1M$-0.34
Q4 FY2025$1.04B-15.2%$17.9M$0.14
Q3 FY2025$602.5M24.7%$6.3M
Q2 FY2025$431.6M-30.7%$-31.0M$-0.24
Q1 FY2025$186.8M-48.7%$-41.5M$-0.32
Q4 FY2024$1.23B82.5%$47.8M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryMiscellaneous Electrical Machinery, Equipment & Supplies
Latest annual periodFY2025 (ended September 30, 2025)
Latest reported quarterQ3 FY2026 (ended June 30, 2026)
Oldest indexed filing2021
SEC CIK1868941

Selected SEC filings

10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-09-01
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-05
View on EDGAR →
8-K2026-05-15
View on EDGAR →

Largest Technology peers

All Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.