FLNC - Fluence Energy, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$19.21
DETAILS
HIGH:
$32.00
LOW:
$8.00
MEDIAN:
$18.50
CONSENSUS:
$19.21
DOWNSIDE:
10.61%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 2,262.8 | 2,698.6 | 2,218.0 | 1,198.6 | 680.8 | 561.3 | 92.2 |
| Cost of Revenue | 1,967.0 | 2,357.5 | 2,077.0 | 1,261.0 | 749.9 | 553.4 | 100.1 |
| Gross Profit | 295.8 | 341.1 | 141.0 | (62.4) | (69.1) | 7.9 | (7.9) |
| Operating Expenses | |||||||
| R&D Expenses | 86.2 | 66.2 | 66.3 | 60.1 | 23.4 | 11.5 | 9.9 |
| SG&A Expenses | 242.6 | 236.8 | 177.4 | 153.9 | 60.8 | 34.2 | 28.9 |
| Other Expenses | 13.3 | 11.4 | 9.8 | 7.1 | 5.1 | (37.8) | (46.7) |
| Operating Expenses | 342.1 | 314.5 | 253.6 | 221.2 | 89.3 | 7.9 | (7.9) |
| Operating Income | |||||||
| Operating Income | (46.3) | 26.6 | (112.6) | (283.5) | (158.5) | 0 | (49.6) |
| Interest Expense | 0 | 0 | 0 | 2.0 | 1.4 | 0.1 | 0.0 |
| Interest Income | 0 | 5.7 | 5.4 | 0.3 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | (17.0) | 41.1 | (101.9) | (276.4) | (153.6) | (37.1) | (44.9) |
| EBIT | (46.3) | 26.6 | (112.6) | (283.5) | (158.7) | (40.2) | (47.8) |
| Income Before Tax | (45.1) | 39.6 | (100.3) | (287.8) | (160.2) | (40.3) | (47.8) |
| Income Tax Expense | 22.9 | 9.2 | 4.5 | 1.4 | 1.8 | 6.4 | (0.8) |
| Net Income | (48.3) | 22.7 | (69.6) | (289.2) | (162.0) | (46.7) | (47.0) |
| Per Share Data | |||||||
| EPS (Basic) | -0.37 | 0.18 | -0.60 | -4.15 | -2.99 | -0.94 | -0.95 |
| EPS (Diluted) | -0.37 | 0.12 | -0.60 | -4.15 | -2.99 | -0.94 | -0.95 |
| Shares Outstanding | 130.3 | 126.2 | 116.4 | 69.7 | 54.1 | 49.5 | 49.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 690.8 | 448.7 | 345.9 | 357.3 | 36.8 | 93.8 | 84.1 |
| Short-Term Investments | 0 | 0 | 0 | 110.4 | 0 | 0 | 20 |
| Net Receivables | 736.9 | 780.1 | 374.4 | 357.3 | 206.1 | 186.8 | 24.8 |
| Inventory | 455.0 | 182.6 | 224.9 | 652.7 | 389.8 | 37.3 | 10.7 |
| Other Current Assets | 30.6 | 82.1 | 136.5 | 63.7 | 13.0 | 5.5 | 3.9 |
| Total Current Assets | 2,064.3 | 1,680.4 | 1,195.0 | 1,601.5 | 661.5 | 327.5 | 148.3 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 50.3 | 15.3 | 12.8 | 13.8 | 8.2 | 5.2 | 4.0 |
| Goodwill | 28.6 | 27.5 | 26.0 | 24.9 | 9.2 | 4.7 | 4.7 |
| Intangible Assets | 63.4 | 60.0 | 55.8 | 51.7 | 36.1 | 26.3 | 28.8 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 146.4 | 110.0 | 62.6 | 50.8 | 1.5 | 0.4 | 1.5 |
| Total Non-Current Assets | 292.7 | 221.7 | 157.2 | 144.1 | 56.2 | 36.6 | 40.5 |
| Total Assets | 2,357 | 1,902.2 | 1,352.1 | 1,745.7 | 717.7 | 364.0 | 188.8 |
| Current Liabilities | |||||||
| Account Payables | 321.0 | 436.7 | 65.4 | 304.9 | 158.4 | 78.1 | 15.0 |
| Short-Term Debt | 0 | 30.4 | 22.5 | 0 | 100 | 0 | 0 |
| Deferred Revenue | 720.4 | 312.7 | 383.4 | 273.1 | 71.4 | 123.8 | 53.0 |
| Other Current Liabilities | 88.9 | 116.6 | 81.0 | 28.5 | 14.8 | 10.2 | 6.1 |
| Total Current Liabilities | 1,370.4 | 1,258.8 | 745.7 | 1,109.5 | 771.5 | 378.2 | 160.7 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 390.8 | 0 | 28.0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 9.5 | 7.1 | 4.8 | 4.9 | 0 | 0.2 | 0 |
| Other Non-Current Liabilities | 37.4 | 29.1 | 17.3 | 1.1 | 2.4 | 2.8 | 2.6 |
| Total Non-Current Liabilities | 437.8 | 36.2 | 50.2 | 7.0 | 2.4 | 3.0 | 2.6 |
| Total Liabilities | 1,808.2 | 1,295.0 | 795.8 | 1,116.4 | 773.9 | 381.2 | 163.3 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 |
| Retained Earnings | (199.8) | (151.4) | (174.2) | (104.5) | (279.3) | (117.3) | (70.6) |
| Accumulated Other Comprehensive Income | 11.6 | (1.8) | 3.2 | 2.8 | (0.3) | 0.2 | (1.3) |
| Total Stockholders' Equity | 429.6 | 472.1 | 402.3 | 435.8 | (56.2) | 0 | 0 |
| Total Liabilities & Equity | 2,357 | 1,902.2 | 1,352.1 | 1,745.7 | 717.7 | 381.2 | 163.3 |
| Debt Metrics | |||||||
| Total Debt | 390.8 | 30.4 | 50.6 | 2.7 | 100 | 0 | 0 |
| Net Debt | (300.0) | (418.3) | (295.3) | (354.6) | 63.2 | (93.8) | (84.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (68.0) | 30.4 | (104.8) | (289.2) | (162.0) | (46.7) | (47.0) |
| Depreciation & Amortization | 29.3 | 14.5 | 10.7 | 7.1 | 5.1 | 3.0 | 2.9 |
| Stock-Based Compensation | 19.5 | 23.9 | 26.9 | 44.1 | 0 | 0 | 0 |
| Change in Working Capital | (144.0) | (9.4) | (47.1) | (58.3) | (148.4) | 30.7 | 66.6 |
| Other Non-Cash Items | 11.2 | 27.1 | (0.1) | 13.3 | 41.4 | (2.9) | 6.0 |
| Operating Cash Flow | (145.5) | 79.7 | (111.9) | (282.4) | (265.3) | (14.0) | 27.7 |
| Investing Activities | |||||||
| Capital Expenditure | (29.8) | (19.0) | (12.2) | (7.9) | (4.3) | (1.8) | (2.7) |
| Acquisitions | 0 | 0 | (5.0) | (29.2) | (18) | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | (111.3) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 111.7 | 0 | 0 | 20 | 0 |
| Other Investing Activities | (14.9) | (10.9) | (9.2) | 0 | 0 | 0 | (20) |
| Investing Cash Flow | (29.8) | (19.0) | 94.4 | (148.4) | (22.3) | 18.2 | (22.7) |
| Financing Activities | |||||||
| Net Debt Issuance | 368.6 | 0 | 48.2 | (100) | 100 | 0 | 0 |
| Stock Repurchased | (0.8) | (1.7) | (2.8) | (5.0) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (13.2) | (12.3) | 0 | (16.8) | (0.2) | 0 | 0 |
| Financing Cash Flow | 356.9 | (8.7) | 52.6 | 817.1 | 231.1 | 2.5 | 10 |
| Cash Position | |||||||
| Net Change in Cash | 195.9 | 56.0 | 33.0 | 391.7 | (57.0) | 8.0 | 14.1 |
| Cash at Beginning | 518.7 | 462.7 | 429.7 | 38.1 | 95.1 | 87.0 | 72.9 |
| Cash at End | 714.6 | 518.7 | 462.7 | 429.7 | 38.1 | 95.1 | 87.0 |
| Free Cash Flow | (175.3) | 60.7 | (124.2) | (290.3) | (269.6) | (15.8) | 24.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 2,262.8 | 2,698.6 | 2,218.0 | 1,198.6 | 680.8 | 561.3 | 92.2 |
| Gross Profit | 295.8 | 341.1 | 141.0 | (62.4) | (69.1) | 7.9 | (7.9) |
| Operating Income | (46.3) | 26.6 | (112.6) | (283.5) | (158.5) | 0 | (49.6) |
| Net Income | (48.3) | 22.7 | (69.6) | (289.2) | (162.0) | (46.7) | (47.0) |
| EPS (Diluted) | -0.37 | 0.12 | -0.60 | -4.15 | -2.99 | -0.94 | -0.95 |
| Balance Sheet | |||||||
| Cash & Equivalents | 690.8 | 448.7 | 345.9 | 357.3 | 36.8 | 93.8 | 84.1 |
| Total Assets | 2,357 | 1,902.2 | 1,352.1 | 1,745.7 | 717.7 | 364.0 | 188.8 |
| Total Debt | 390.8 | 30.4 | 50.6 | 2.7 | 100 | 0 | 0 |
| Stockholders' Equity | 429.6 | 472.1 | 402.3 | 435.8 | (56.2) | 0 | 0 |
| Cash Flow | |||||||
| Operating Cash Flow | (145.5) | 79.7 | (111.9) | (282.4) | (265.3) | (14.0) | 27.7 |
| Capital Expenditure | (29.8) | (19.0) | (12.2) | (7.9) | (4.3) | (1.8) | (2.7) |
| Free Cash Flow | (175.3) | 60.7 | (124.2) | (290.3) | (269.6) | (15.8) | 24.9 |