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DC Infra·FLNC
Fluence Energy, Inc.
NASDAQ · US
Grid-scale energy storage and digital applications supplier for utility, commercial, and industrial power systems.
AI relevance
Battery storage and grid flexibility exposure for data center power reliability and capacity.
Price
$11.34
Change
-0.05 (-0.44%)
Market cap
$2.1B
52w range
$7–$34
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
FLNC market performance
Daily close for Fluence Energy, Inc.
- Latest close
- $11.39
- Range move
- +$4.55 (+66.5%)
- Range high
- $32.23
- Range low
- $6.75
- Latest volume
- 3.6M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
7 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
7 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
7 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
7 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
7 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1208 rowsFive years of daily close and volume data powering the company chart.
Transcript list
19 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetHold
Analyst expectations
Rating consensus28 ratings
Strong buy
0
Buy
10
Hold
16
Sell
2
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-30 | $3.05B | $3.01B - $3.08B | $-0.40 | $-0.48 - $-0.31 | -$306.2M | -$324.9M | -$60.9M | $300.3M | 11 rev / 5 EPS |
| 2027-09-30 | $4.04B | $3.51B - $4.40B | $0.16 | $-0.21 - $0.37 | -$406.3M | -$431.1M | $9.8M | $398.4M | 13 rev / 5 EPS |
| 2028-09-30 | $4.86B | $3.61B - $5.82B | $0.41 | $0.08 - $0.95 | -$488.2M | -$517.9M | $61.1M | $478.7M | 16 rev / 9 EPS |
| 2029-09-30 | $5.54B | $4.79B - $6.20B | $0.75 | $0.62 - $0.87 | -$556.2M | -$590.1M | $97.7M | $545.4M | 8 rev / 5 EPS |
| 2030-09-30 | $6.23B | $5.39B - $6.98B | $1.20 | $0.99 - $1.39 | -$625.7M | -$663.9M | $156.4M | $613.6M | 8 rev / 6 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-30 | $1.45B | $1.32B - $1.62B | $0.27 | $0.10 - $0.39 | -$145.6M | -$154.4M | $37.5M | $142.7M | 7 rev / 2 EPS |
| 2026-12-30 | $620.7M | $515.7M - $769.0M | $-0.22 | $-0.32 - $-0.06 | -$62.4M | -$66.2M | -$29.8M | $61.2M | 6 rev / 2 EPS |
| 2027-03-30 | $605.6M | $526.9M - $716.4M | $-0.18 | $-0.22 - $-0.15 | -$60.8M | -$64.6M | -$24.9M | $59.7M | 3 rev / 1 EPS |
| 2027-06-30 | $1.02B | $890.0M - $1.21B | $0.04 | $0.03 - $0.04 | -$102.8M | -$109.0M | $4.9M | $100.8M | 3 rev / 1 EPS |
| 2027-09-30 | $1.79B | $1.55B - $2.11B | $0.47 | $0.39 - $0.58 | -$179.4M | -$190.4M | $64.9M | $176.0M | 3 rev / 1 EPS |
| 2027-12-30 | $772.4M | $672.0M - $913.7M | $-0.22 | $-0.27 - $-0.18 | -$77.6M | -$82.3M | -$30.3M | $76.1M | 3 rev / 1 EPS |
| 2028-03-30 | $754.6M | $656.5M - $892.7M | $-0.16 | $-0.20 - $-0.13 | -$75.8M | -$80.4M | -$22.0M | $74.3M | 4 rev / 1 EPS |
| 2028-06-30 | $1.18B | $1.02B - $1.39B | $0.06 | $0.05 - $0.08 | -$118.3M | -$125.5M | $8.6M | $116.0M | 4 rev / 1 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 5 | $16.98 |
| Last quarter | 7 | $18.13 |
| Last year | 41 | $18.56 |
| All time | 73 | $19.51 |
Sources: StreetInsider, Benzinga, Pulse 2.0
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-08-20 | GLJ Research | Downgrade | Buy | Hold |
| 2026-08-14 | Citigroup | Maintain | Buy | Buy |
| 2026-08-07 | RBC Capital | Maintain | Sector Perform | Sector Perform |
| 2026-07-22 | Citigroup | Upgrade | Neutral | Buy |
| 2026-07-14 | Truist Securities | Downgrade | Buy | Hold |
| 2026-05-13 | Citigroup | Maintain | Neutral | Neutral |
| 2026-05-11 | RBC Capital | Maintain | Sector Perform | Sector Perform |
| 2026-05-11 | UBS | Maintain | Sell | Sell |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-08-01 | 0 | 6 | 12 | 2 | 1 |
| 2026-07-01 | 0 | 6 | 13 | 2 | 1 |
| 2026-06-01 | 0 | 5 | 12 | 2 | 1 |
| 2026-05-01 | 0 | 5 | 12 | 3 | 1 |
| 2026-04-01 | 0 | 4 | 14 | 3 | 1 |
| 2026-03-01 | 0 | 4 | 14 | 3 | 1 |
| 2026-02-01 | 0 | 4 | 13 | 3 | 1 |
| 2026-01-01 | 0 | 3 | 14 | 3 | 1 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $2.26B | $295.8M | 13.1% | $86.2M | -$46.3M | -$17.0M | -$48.3M | $-0.37 |
| FY 2024 | $2.70B | $341.1M | 12.6% | $66.2M | $26.6M | $41.1M | $22.7M | $0.18 |
| FY 2023 | $2.22B | $141.0M | 6.4% | $66.3M | -$112.6M | -$101.9M | -$69.6M | $-0.60 |
| FY 2022 | $1.20B | -$62.4M | -5.2% | $60.1M | -$276.4M | -$285.8M | -$104.5M | $-1.50 |
| FY 2021 | $680.8M | -$69.1M | -10.2% | $23.4M | -$158.5M | -$153.6M | -$162.0M | $-2.99 |
| FY 2020 | $561.3M | $7.9M | 1.4% | $11.5M | $0 | -$37.1M | -$46.7M | $-0.94 |
| FY 2019 | $92.2M | -$7.9M | -8.6% | $9.9M | -$49.6M | -$44.9M | -$47.0M | $-0.95 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | -$145.5M | $14.9M | -$175.3M |
| FY 2024 | $79.7M | $8.1M | $60.7M |
| FY 2023 | -$111.9M | $3.0M | -$124.2M |
| FY 2022 | -$282.4M | $7.9M | -$290.3M |
| FY 2021 | -$265.3M | $4.3M | -$269.6M |
| FY 2020 | -$14.0M | $1.8M | -$15.8M |
| FY 2019 | $27.7M | $2.7M | $24.9M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $690.8M | $736.9M | $455.0M | $50.3M | $2.36B | $390.8M | -$300.0M | $1.81B | $429.6M |
| FY 2024 | $448.7M | $780.1M | $182.6M | $15.3M | $1.90B | $30.4M | -$418.3M | $1.30B | $472.1M |
| FY 2023 | $345.9M | $374.4M | $224.9M | $12.8M | $1.35B | $50.6M | -$295.3M | $795.8M | $402.3M |
| FY 2022 | $467.7M | $357.3M | $652.7M | $13.8M | $1.75B | $2.7M | -$354.6M | $1.12B | $435.8M |
| FY 2021 | $36.8M | $206.1M | $389.8M | $8.2M | $717.7M | $100.0M | $63.2M | $773.9M | -$56.2M |
| FY 2020 | $93.8M | $186.8M | $37.3M | $5.2M | $364.0M | $0 | -$93.8M | $381.3M | $0 |
| FY 2019 | $104.1M | $24.8M | $10.7M | $4.0M | $188.8M | $0 | -$84.1M | $163.3M | $0 |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 13.1% | -2.0% | -2.1% | 1.5x | 1.2x | -11.2% | -4.7% | 0.7x | -98.6x | -12.5% | 3.8% | 144d |
| FY 2024 | 12.6% | 1.0% | 0.8% | 1.3x | 1.2x | 4.8% | 3.0% | 1.3x | 87.7x | 2.1% | 2.5% | 66d |
| FY 2023 | 6.4% | -5.1% | -3.1% | 1.6x | 1.3x | -17.3% | -17.9% | 1.6x | -34.0x | -4.6% | 3.0% | 90d |
| FY 2022 | -5.2% | -23.1% | -8.7% | 1.4x | 0.9x | -24.0% | -43.3% | -0.3x | 1.2x | 0.0% | 5.0% | 209d |
| FY 2021 | -10.2% | -23.3% | -23.8% | 0.9x | 0.4x | 288.3% | -343.1% | 4.0x | -17.7x | -14.2% | 3.4% | 223d |
| FY 2020 | 1.4% | 0.0% | -8.3% | 0.9x | 0.8x | 0.0% | 0.0% | 4.2x | -62.9x | -0.9% | 2.1% | 95d |
| FY 2019 | -8.6% | -53.8% | -51.0% | 0.9x | 0.9x | 0.0% | -173.7% | 25.5x | -52.3x | 1.4% | 10.7% | 82d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | -16.1% | -13.3% | +30.2% | -274.1% | -312.7% | -305.6% | -388.8% | -57.0% | +54.0% | +149.2% | +23.9% | +1187.2% |
| FY 2024 | +21.7% | +142.0% | -0.2% | +123.6% | +132.6% | +130.0% | +148.9% | -55.2% | +29.7% | -18.8% | +40.7% | -40.0% |
| FY 2023 | +85.0% | +326.1% | +10.3% | +59.3% | +33.4% | +60.0% | +57.2% | -54.1% | -26.0% | -65.5% | -22.5% | +1743.3% |
| FY 2022 | +76.1% | +9.8% | +156.7% | -74.4% | +35.5% | +49.8% | -7.7% | -84.9% | +1169.8% | +67.5% | +143.2% | -97.3% |
| FY 2021 | +21.3% | -972.7% | +103.1% | 0.0% | -246.8% | -218.1% | -1606.5% | -141.1% | -60.7% | +944.7% | +97.1% | 0.0% |
| FY 2020 | +509.1% | +200.1% | +16.9% | +100.0% | +0.6% | +1.1% | -163.3% | +34.9% | -9.9% | +249.2% | +92.8% | 0.0% |
| FY 2019 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $2.26B
Product$2.17B · 96.3%
Service$84.4M · 3.7%
Latest geography mixFY 2025 · $3.14B
Americas$1.31B · 41.6%
UNITED STATES$877.3M · 27.9%
EMEA$608.3M · 19.4%
Asia Pacific$348.6M · 11.1%
Product revenue annual
| Period | Total | Product | Service | Service, Other | Product and Service, Other |
|---|---|---|---|---|---|
| FY 2025 | $2.26B | $2.17B | $84.4M | -- | -- |
| FY 2024 | $2.69B | $2.65B | $45.4M | -- | -- |
| FY 2023 | $2.21B | $2.20B | $16.0M | -- | -- |
| FY 2022 | $1.20B | $1.18B | -- | $15.9M | $126,000 |
Geography revenue annual
| Period | Total | Americas | EMEA | Asia Pacific | UNITED STATES |
|---|---|---|---|---|---|
| FY 2025 | $3.14B | $1.31B | $608.3M | $348.6M | $877.3M |
| FY 2024 | $2.70B | $1.59B | $526.3M | $579.3M | -- |
| FY 2023 | $2.22B | $1.65B | $306.8M | $266.1M | -- |
| FY 2022 | $1.20B | $837.9M | $182.4M | $178.2M | -- |
Transcripts19 on file
Transcripts
Events
Events
Next earnings
2026-11-23EPS est $0.20
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