Fluence Energy
FLNC
7.57
-0.10
-1.30%
Fluence Energy
US · FLNC
#3184 by market cap
Listed 2021
7.57
-0.10
-1.30%
Live - 5344 symbols - heartbeat 104s ago
· 2026-10-08 10:11
Pre-market
7.54
-1.69%
After-hours
7.68
+0.13%
Overnight
7.57
-1.30%
- Market cap
- 1.08B
- P/E (TTM)i
- -12.62
- P/Bi
- 2.90
- EPSi
- -0.37
- Div yieldi
- 0.00%
- 52W posi
- 2%
Reader sentiment
Are you bullish or bearish on FLNC?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.49, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 7 years
Latest year -16.15% YoY
Margins
- Gross margin
- 13.07%
- Operating margin
- -2.05%
- Net margin
- -2.14%
Key ratios & quality
- Altman Z-Scorei
- 1.49
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 92.15M | 561.32M | 680.77M | 1.20B | 2.22B | 2.70B | 2.26B |
| Gross profit | -7.92M | 7.92M | -69.14M | -62.35M | 140.96M | 341.08M | 295.79M |
| Selling & admin expenses | 28.91M | 34.18M | 60.79M | 153.92M | 177.42M | 236.84M | 242.56M |
| Research & development | 9.87M | 11.54M | 23.43M | 60.14M | 66.31M | 66.20M | 86.22M |
| Operating profit | -49.59M | -40.81M | -158.47M | -283.52M | -112.61M | 26.62M | -46.34M |
| Pretax profit | -47.76M | -40.29M | -160.17M | -287.82M | -100.27M | 39.57M | -45.07M |
| Tax | -778.00K | 6.42M | 1.83M | 1.36M | 4.55M | 9.21M | 22.92M |
| Net profit | -46.98M | -46.71M | -162.00M | -289.18M | -104.82M | 30.37M | -67.99M |
| Basic EPS | -1 | 0 | 0 | -2 | -1 | 0 | 0 |
| Diluted EPS | -0.95 | 0.00 | 0.00 | -1.50 | -0.60 | 0.13 | -0.37 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 431.62M | 602.53M | 1.04B | 475.23M | 464.89M | 649.85M |
| Gross profit | 42.58M | 89.10M | 142.90M | 23.05M | 46.63M | 33.24M |
| Selling & admin expenses | 62.60M | 55.43M | 69.62M | 63.88M | 60.50M | 63.04M |
| Research & development | 22.12M | 26.01M | 20.89M | 18.54M | 21.07M | 23.74M |
| Operating profit | -45.08M | 4.04M | 48.43M | -63.12M | -39.21M | -57.52M |
| Pretax profit | -43.93M | 11.47M | 46.11M | -70.48M | -27.70M | -43.50M |
| Tax | -1.99M | 4.58M | 22.05M | -7.89M | 1.54M | 772.00K |
| Net profit | -41.93M | 6.89M | 24.06M | -62.59M | -29.24M | -44.28M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.24 | 0.01 | 0.13 | -0.34 | -0.16 | -0.24 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Total current assets | 148.30M | 327.47M | 661.52M | 1.60B | 1.19B | 1.68B | 2.06B |
| Cash & ST investments | 104.11M | 93.82M | 36.83M | 467.65M | 345.90M | 448.69M | 690.77M |
| Inventory | 10.68M | 37.31M | 389.79M | 652.74M | 224.90M | 182.60M | 455.02M |
| Total assets | 188.80M | 364.03M | 717.68M | 1.75B | 1.35B | 1.90B | 2.36B |
| Total current liabilities | 160.72M | 378.24M | 771.49M | 1.11B | 745.66M | 1.26B | 1.37B |
| Short-term debt | -- | -- | 100.00M | -- | 22.54M | 30.36M | -- |
| Long-term debt | -- | -- | -- | -- | 28.02M | -- | 390.80M |
| Total liabilities | 163,299,000.00 | 381,250,000.00 | 773,874,000.00 | 1,116,446,000.00 | 795,819,000.00 | 1,295,049,000.00 | 1,808,152,000.00 |
| Total equity | 25.51M | -17.23M | -56.20M | 629.21M | 556.33M | 607.14M | 548.85M |
| Retained earnings | -- | -- | -279.30M | -104.54M | -174.16M | -151.45M | -199.76M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.03B | 1.85B | 2.06B | 1.99B | 2.08B | 2.32B |
| Cash & ST investments | 568.62M | 436.32M | 690.77M | 452.56M | 387.30M | 339.33M |
| Inventory | 698.28M | 654.30M | 455.02M | 540.64M | 764.16M | 783.03M |
| Total assets | 2.27B | 2.08B | 2.36B | 2.27B | 2.35B | 2.62B |
| Total current liabilities | 1.35B | 1.12B | 1.37B | 1.34B | 1.45B | 1.73B |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | 389.91M | 390.36M | 390.80M | 391.25M | 391.71M | 392.16M |
| Total liabilities | 1,774,083,000.00 | 1,554,306,000.00 | 1,808,152,000.00 | 1,781,428,000.00 | 1,889,714,000.00 | 2,184,379,000.00 |
| Total equity | 499.06M | 520.84M | 548.85M | 488.22M | 458.18M | 431.22M |
| Retained earnings | -223.96M | -217.71M | -199.76M | -244.83M | -265.76M | -298.58M |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 27.68M | -14.02M | -265.27M | -282.39M | -111.93M | 79.69M | -145.54M |
| Depreciation & amortization | 2.89M | 3.02M | 5.11M | 7.11M | 10.67M | 14.48M | 29.34M |
| Free cash flow | 24.95M | -15.80M | -269.56M | -290.32M | -124.15M | 60.71M | -175.34M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 10.00M | 2.50M | 131.28M | 930.75M | -2.78M | -1.66M | -753.00K |
| Ending cash balance | 87.02M | 95.05M | 38.07M | 429.72M | 462.73M | 518.71M | 714.63M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -46.18M | -153.87M | 265.74M | -226.79M | -121.11M | -18.63M |
| Depreciation & amortization | 6.19M | 8.26M | 10.41M | 8.79M | 10.73M | 11.20M |
| Free cash flow | -53.76M | -161.15M | 255.99M | -236.14M | -127.87M | -23.86M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -94.00K | 0 | -263.00K | -2.36M | -362.00K | 0 |
| Ending cash balance | 610.02M | 459.89M | 714.63M | 477.77M | 412.89M | 364.96M |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| ROE %i | -184.20 | -1,128.26 | -- | -55.05 | -16.61 | 5.20 | -10.72 |
| ROA %i | -24.88 | -16.90 | -29.95 | -8.48 | -4.49 | 1.40 | -2.27 |
| ROIC %i | -184.18 | -1,128.26 | -- | -42.61 | -16.52 | 3.96 | -5.74 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -51.82 | -7.27 | -23.32 | -23.84 | -5.08 | 0.99 | -2.05 |
| FCF / sales %i | 27.07 | -- | -- | -- | -- | 2.25 | -- |
| Current ratioi | 0.92 | 0.87 | 0.86 | 1.44 | 1.60 | 1.33 | 1.51 |
| Quick ratioi | 0.80 | 0.74 | 0.31 | 0.74 | 0.97 | 0.98 | 1.04 |
| Debt / assetsi | -- | -- | 13.93 | -- | 3.74 | 1.60 | 16.58 |
| LT debt / equityi | -- | -- | -- | -- | 6.97 | -- | 90.97 |
| Interest coveragei | -6,821.71 | -- | -110.62 | -141.63 | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | 135.18 | 58.09 | 58.26 | 23.59 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -5.96 | -4.45 | -10.72 | -13.02 | -11.05 | -20.72 |
| ROA %i | -1.26 | -0.98 | -2.27 | -2.32 | -1.81 | -3.45 |
| ROIC %i | -3.02 | -2.29 | -5.74 | -6.58 | -5.44 | -10.35 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -1.14 | -1.11 | -2.05 | -2.18 | -1.93 | -4.23 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.51 | 1.64 | 1.51 | 1.48 | 1.43 | 1.34 |
| Quick ratioi | 0.81 | 0.82 | 1.04 | 0.94 | 0.72 | 0.72 |
| Debt / assetsi | 17.15 | 18.81 | 16.58 | 17.24 | 16.68 | 14.99 |
| LT debt / equityi | 100.45 | 95.82 | 90.97 | 100.84 | 106.41 | 105.08 |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Revenue from energy storage products and solutions is the largest reported line at 96.53% of revenue, across 3 reported segments.
- The next-largest line, Revenue from services, is a distant second at 3.10% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Revenue from energy storage products and solutions96.53%
Revenue from services3.10%
Revenue from digital applications and solutions0.38%
Quote time 2026-10-08 10:11:23 · For reference only, not investment advice and not tailored to your situation.