Fluence Energy, Inc. logo FLNC - Fluence Energy, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 10
HOLD 15
SELL 2
STRONG
SELL
0
| PRICE TARGET: $19.21 DETAILS
HIGH: $32.00
LOW: $8.00
MEDIAN: $18.50
CONSENSUS: $19.21
DOWNSIDE: 10.61%
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Revenue
Revenue 464.9 475.2 1,041.9 602.5 431.6 186.8 1,228.1 483.3 623.1 364.0 673.0 536.4 698.2 310.5 442.0 239.0 342.7 174.9 188.2 278.2 98.1 116.2 239.5
Cost of Revenue 422.5 452.2 899.0 513.4 389.0 165.6 1,070.7 400.3 559.0 327.6 596.7 514.5 667.4 298.4 431.2 244.2 357.5 228.0 247.3 293.1 97.1 111.4 227.5
Gross Profit 42.4 23.0 142.9 89.1 42.6 21.2 157.5 83.0 64.2 36.4 79.3 21.3 30.8 12.0 10.7 (5.2) (14.7) (53.1) (59.1) (15.0) 1.0 4.8 12.0
Operating Expenses
R&D Expenses 21.1 18.5 20.9 26.0 22.1 17.2 18.4 15.0 17.4 15.4 14.7 9.9 22.6 19.2 17.9 18.1 13.3 10.8 6.2 4.7 8.4 4.1 3.0
SG&A Expenses 60.5 63.9 69.6 55.4 62.6 54.9 68.7 59.9 59.9 48.4 46.9 48.3 42.2 40.1 42.5 35.7 31.4 44.3 20.7 16.1 13.5 11.5 9.2
Other Expenses (0.8) 3.7 4.0 3.6 2.9 2.8 2.8 3.6 2.5 2.5 0 0 (33.9) (47.2) (49.7) (59.1) (59.5) (108.2) (86.0) (35.8) (20.8) (10.8) (0.2)
Operating Expenses 80.7 86.2 94.5 85.1 87.7 74.9 89.9 78.5 79.8 66.4 61.6 58.2 30.8 12.0 10.7 (5.2) (14.7) (53.1) (59.1) (15.0) 1.0 4.8 12.0
Operating Income
Operating Income (38.4) (63.1) 48.4 4.0 (45.1) (53.7) 67.6 4.6 (15.6) (30.0) 17.7 (36.9) (36.6) (49.6) (51.9) (61.0) (61.0) (109.6) (87.6) (37.0) (22.0) (11.9) (1.0)
Interest Expense 4.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.6 0.7 0.7 0 0.4 0.4 0.1 0
Interest Income 0 0 0 0 0 0.7 1.1 1.3 1.3 2.0 1.1 1.5 2.1 0.7 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (27.7) (54.3) 58.8 12.3 (38.9) (49.2) 71.7 9.0 (12.5) (27.1) 20.2 (34.6) (33.9) (47.2) (52.0) (59.3) (58.4) (109.0) (86.3) (35.4) (21.5) (10.7) (0.2)
EBIT (38.4) (63.1) 48.4 4.0 (45.1) (53.7) 67.6 4.6 (15.6) (30.0) 17.7 (36.9) (36.6) (49.6) (54.3) (61.2) (59.9) (110.4) (87.9) (36.7) (22.6) (11.7) (1.0)
Income Before Tax (27.7) (70.5) 46.1 11.5 (43.9) (58.7) 75.6 5.3 (14.5) (26.8) 11.4 (36.4) (37.5) (37.8) (54.3) (61.8) (60.6) (111.1) (88.2) (37.1) (23.0) (11.8) (0.4)
Income Tax Expense 1.5 (7.9) 22.0 4.6 (2.0) (1.7) 7.9 4.2 (1.7) (1.2) 6.6 (1.3) (0.1) (0.6) 1.9 (1.0) 0.1 0.4 (1.0) 1.7 0.5 0.7 0.7
Net Income (20.9) (45.1) 17.9 6.3 (31.0) (41.5) 47.8 0.8 (9.2) (16.7) 3.3 (23.4) (24.9) (37.2) (56.2) (19.3) (60.7) (28.8) (87.2) (38.8) (23.5) (12.5) (1.1)
Per Share Data
EPS (Basic) -0.16 -0.34 0.14 0.05 -0.24 -0.32 0.37 0.01 -0.07 -0.14 0.03 -0.20 -0.21 -0.32 -0.49 -0.35 -1.12 -0.53 -1.76 -0.78 -0.48 -0.25 -0.02
EPS (Diluted) -0.16 -0.34 0.10 0.03 -0.24 -0.32 0.26 0.00 -0.07 -0.14 0.03 -0.20 -0.21 -0.32 -0.49 -0.35 -1.12 -0.53 -1.76 -0.78 -0.48 -0.25 -0.02
Shares Outstanding 132.0 131.5 131.0 130.7 130.0 129.5 128.9 127.9 126.8 121.1 118.6 117.5 116.3 115.4 114.5 55.6 54.1 54.1 49.5 49.5 49.5 49.5 49.5
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3
Current Assets
Cash & Cash Equivalents 412.9 452.6 690.8 436.3 568.6 607.4 448.7 388.2 411.8 317.6 345.9 297.7 194.4 286.7 357.3 677.0 651.9 632.1 36.8 58.5
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 70.0 109.9 110.4 0 0 0 0 0
Net Receivables 642.3 802.1 736.9 488.6 518.2 588.6 780.1 310.7 301.3 448.5 394.7 391.7 592.6 404.7 351.7 265.8 273.6 215.6 206.1 209.0
Inventory 971.4 540.6 455.0 654.3 698.3 543.4 182.6 469.9 309.1 564.5 224.9 513.6 763.2 1,083.6 652.7 453.7 352.0 442.4 389.8 333.4
Other Current Assets 16.5 29.0 30.6 28.9 38.2 42.0 82.1 162.1 171.1 197.1 116.3 108.8 111.4 58.9 69.2 82.1 77.1 41.6 13.0 22.1
Total Current Assets 2,082.5 1,986.7 2,064.3 1,849.7 2,031.3 1,983.6 1,680.4 1,504.0 1,322.7 1,665.5 1,195.0 1,389.5 1,808.4 2,010.1 1,601.5 1,550.7 1,415.9 1,381.3 661.5 638.9
Non-Current Assets
Property, Plant & Equipment 50.5 45.9 50.3 46.3 19.9 18.8 15.3 13.6 13.5 13.4 12.8 16.1 16.5 17.2 13.8 9.3 8.5 8.6 8.2 7.6
Goodwill 28.5 28.7 28.6 28.7 26.6 26.2 27.5 26.3 26.3 27.5 26.0 26.3 25.9 25.8 24.9 25.2 9.2 9.2 9.2 9.2
Intangible Assets 64.1 63.7 63.4 62.3 59.4 58.6 60.0 58.6 57.2 56.8 55.8 55.4 49.7 51.5 51.7 53.5 34.4 35.1 36.1 37.0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 118.2 140.6 146.4 85.7 128.3 118.6 110.0 87.4 110.1 52.2 62.6 74.9 44.5 44.8 50.8 32.6 31.7 47.3 1.5 0.4
Total Non-Current Assets 265.4 282.9 292.7 225.5 241.8 230.3 221.7 186.0 207.1 150.0 157.2 175.3 139.2 141.8 144.1 121.8 85.0 101.3 56.2 54.1
Total Assets 2,347.9 2,269.7 2,357 2,075.2 2,273.1 2,214.0 1,902.2 1,690.0 1,529.8 1,815.5 1,352.1 1,564.7 1,947.6 2,151.9 1,745.7 1,672.6 1,500.9 1,482.7 717.7 693.0
Current Liabilities
Account Payables 189.1 135.2 321.0 255.6 232.9 101.9 436.7 321.9 244.2 318.5 65.4 166.0 400.0 505.6 304.9 220.6 121.6 92.8 158.4 68.2
Short-Term Debt 7.1 0 0 0 0 0 30.4 53.7 52.7 51.6 22.5 0 0 0 0 0 0 0 100 0
Deferred Revenue 871.9 863.1 720.4 593.0 682.9 605.9 312.7 446.4 398.6 382.8 383.4 452.1 584.4 469.1 273.1 371.0 222.8 145.8 71.4 140.4
Other Current Liabilities 336.5 85.2 88.9 77.5 72.0 64.6 116.6 87.0 63.3 41.4 81.0 53.9 40.1 40.1 28.5 54.3 43.1 61.0 14.8 10.1
Total Current Liabilities 1,451.3 1,339.5 1,370.4 1,124.8 1,345.5 1,261.4 1,258.8 1,124.7 973.1 1,251.9 745.7 954.2 1,345.0 1,526.4 1,109.5 994.0 774.8 702.4 771.5 658.0
Non-Current Liabilities
Long-Term Debt 391.7 391.3 390.8 390.4 389.9 389.1 0 0 0 0 28.0 49.5 21.6 21.1 0 0 0 0 0 0
Deferred Tax Liabilities 9.2 9.5 9.5 7.5 6.9 6.6 7.1 5.1 5.2 5.4 4.8 3.5 3.5 3.5 4.9 0 0 0 0 0.2
Other Non-Current Liabilities 34.3 41.1 37.4 31.6 31.8 27.6 29.1 21.9 19.8 19.0 17.3 10.1 7.7 1.3 1.1 7.5 0.7 2.2 2.4 4.0
Total Non-Current Liabilities 438.4 441.9 437.8 429.5 428.6 423.3 36.2 27.1 25.0 24.4 50.2 65.1 34.6 26.6 7.0 7.5 0.7 2.2 2.4 4.1
Total Liabilities 1,889.7 1,781.4 1,808.2 1,554.3 1,774.1 1,684.7 1,295.0 1,151.8 998.1 1,276.3 795.8 1,019.3 1,379.6 1,552.9 1,116.4 1,001.5 775.5 704.6 773.9 662.2
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0.0 0 0
Retained Earnings (265.8) (244.8) (199.8) (217.7) (224.0) (192.9) (151.4) (199.3) (200.1) (190.9) (174.2) (177.4) (154.0) (129.2) (104.5) (67.3) (48.0) (28.8) (279.3) (192.1)
Accumulated Other Comprehensive Income 6.1 9.8 11.6 11.8 6.1 0.2 (1.8) 1.6 3.2 4.4 3.2 2.8 (0.6) 0.4 2.8 0.5 (0.0) 0.0 (0.3) (0.5)
Total Stockholders' Equity 368.1 388.0 429.6 407.4 388.2 409.4 472.1 421.2 413.1 415.9 402.3 392.6 403.3 420.8 435.8 458.9 241.4 252.5 (56.2) 0
Total Liabilities & Equity 2,347.9 2,269.7 2,357 2,075.2 2,273.1 2,214.0 1,902.2 1,690.0 1,529.8 1,815.5 1,352.1 1,564.7 1,947.6 2,151.9 1,745.7 1,672.6 1,500.9 1,482.7 717.7 662.2
Debt Metrics
Total Debt 402.0 391.3 390.8 390.4 389.9 389.1 30.4 53.7 52.7 51.6 50.6 53.0 25.0 23.4 2.7 0 0 0 100 0
Net Debt (10.9) (61.3) (300.0) (46.0) (178.7) (218.3) (418.3) (334.5) (359.1) (266.0) (295.3) (244.7) (169.4) (263.3) (354.6) (677.0) (651.9) (632.1) 63.2 (58.5)
Metric 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Operating Activities
Net Income (20.9) (62.6) 24.1 6.9 (41.9) (57.0) 67.7 1.1 (12.9) (25.6) 4.8 (35.0) (37.4) (37.2) (56.2) (60.8) (60.7) (111.5) (87.2) (38.8) (23.5) (12.5) (1.1)
Depreciation & Amortization 10.7 8.8 10.4 8.3 6.2 4.5 4.1 4.4 3.1 2.9 2.9 2.6 2.7 2.4 2.2 2.0 1.5 1.4 1.6 1.3 1.2 1.1 0.8
Stock-Based Compensation 0 5.3 4.1 6.4 3.8 5.3 5.5 6.1 6.6 5.6 5.5 5.7 7.3 8.5 17.8 13.2 (3.0) 24.9 0 0 0 0 0
Change in Working Capital (107.5) (172.4) 217.7 (181.5) (13.1) (167.0) (69.9) (34.6) 60.0 35.1 28.5 30.3 (49.6) (58.8) (194.2) 93.6 128.0 (115.7) (56.6) (47.3) (2.0) (45.5) 61.9
Other Non-Cash Items (4.7) (5.9) 8.9 0.8 (1.6) 3.1 10.2 1.9 14.0 1.0 3.0 (0.7) 2.9 (2.8) 8.5 32.1 (15.2) 9.3 17.5 28.7 (0.5) (1.4) 0
Operating Cash Flow (122.6) (226.8) 265.7 (153.9) (46.2) (211.2) 10.5 (21.1) 70.9 19.4 48.6 2.9 (74.5) (88.9) (221.4) 80.1 50.6 (191.6) (126.0) (56.1) (24.8) (58.3) 61.8
Investing Activities
Capital Expenditure (6.8) (9.3) (9.8) (7.3) (7.6) (5.2) (5.5) (6.0) (4.9) (2.6) (3.1) (8.1) 1.4 (2.5) (5.3) (1.4) (0.4) (0.9) (1.3) (0.8) (1.2) (1.1) (0.8)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 (5.0) 0 (29.2) 0 0 0 0 0 (18) 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (110.1) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 70.1 40.4 1.2 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (3.5) (4.9) (3.7) (3.2) (3.1) (2.3) (3.6) (3.9) (1.1) (2.0) (7.3) 0 0 0 0 (1.1) 0 0 0 0 0 0.7
Investing Cash Flow (6.8) (9.3) (9.8) (7.3) (7.6) (5.2) (5.5) (6.0) (4.9) (2.6) (3.1) 62.0 41.8 (6.3) (115.4) (30.6) (1.5) (0.9) (1.3) (0.8) (1.2) (19.1) (0.1)
Financing Activities
Net Debt Issuance (1.4) (0.9) (1.9) (0.5) 0 371 0 0 0 0 0 27.0 0 21.1 0 0 0 (100) 100 (38) 16 22 (8)
Stock Repurchased (0.4) (2.4) (0.3) 0 (0.1) (0.4) (0.4) (1.2) (0.1) 0 (1.2) (1.3) 0 (0.3) (0.0) (5.0) 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 70.8 0 0 (0.5) (2.4) (10.2) (2.5) 2.0 (0.2) (6.4) 1.2 3.1 0.6 2.4 (10.6) 4.6 (5.4) (14.5) 5.4 (7.8) 2.2 0 0
Financing Cash Flow 69.9 (1.8) (1.8) (0.5) (1.7) 360.8 (2.9) 0.9 (0.3) (6.4) 0.0 28.8 0.6 23.3 1.6 (12.6) (5.4) 833.5 105.4 85.5 18.2 22 (8)
Cash Position
Net Change in Cash (64.9) (236.9) 254.7 (150.1) (44.4) 135.7 5.4 (28.2) 64.9 13.8 46.6 103.5 (39.4) (77.8) (332.3) 39.4 43.3 641.3 (21.7) 28.6 (7.7) (56.2) 54.2
Cash at Beginning 477.8 714.6 459.9 610.0 654.4 518.7 513.3 541.5 476.6 462.7 416.1 312.6 352.0 429.7 762.0 722.7 679.4 38.1 59.7 31.1 38.8 95.1 40.9
Cash at End 412.9 477.8 714.6 459.9 610.0 654.4 518.7 513.3 541.5 476.6 462.7 416.1 312.6 352.0 429.7 762.0 722.7 679.4 38.1 59.7 31.1 38.8 95.1
Free Cash Flow (129.3) (236.1) 256.0 (161.2) (53.8) (216.4) 5.0 (27.0) 66.0 16.8 45.5 (5.2) (73.1) (91.4) (226.7) 78.6 50.2 (192.4) (127.3) (56.9) (26.0) (59.4) 61.1
Key Metrics 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Income Statement
Revenue 464.9 475.2 1,041.9 602.5 431.6 186.8 1,228.1 483.3 623.1 364.0 673.0 536.4 698.2 310.5 442.0 239.0 342.7 174.9 188.2 278.2 98.1 116.2 239.5
Gross Profit 42.4 23.0 142.9 89.1 42.6 21.2 157.5 83.0 64.2 36.4 79.3 21.3 30.8 12.0 10.7 (5.2) (14.7) (53.1) (59.1) (15.0) 1.0 4.8 12.0
Operating Income (38.4) (63.1) 48.4 4.0 (45.1) (53.7) 67.6 4.6 (15.6) (30.0) 17.7 (36.9) (36.6) (49.6) (51.9) (61.0) (61.0) (109.6) (87.6) (37.0) (22.0) (11.9) (1.0)
Net Income (20.9) (45.1) 17.9 6.3 (31.0) (41.5) 47.8 0.8 (9.2) (16.7) 3.3 (23.4) (24.9) (37.2) (56.2) (19.3) (60.7) (28.8) (87.2) (38.8) (23.5) (12.5) (1.1)
EPS (Diluted) -0.16 -0.34 0.10 0.03 -0.24 -0.32 0.26 0.00 -0.07 -0.14 0.03 -0.20 -0.21 -0.32 -0.49 -0.35 -1.12 -0.53 -1.76 -0.78 -0.48 -0.25 -0.02
Balance Sheet
Cash & Equivalents 412.9 452.6 690.8 436.3 568.6 607.4 448.7 388.2 411.8 317.6 345.9 297.7 194.4 286.7 357.3 677.0 651.9 632.1 36.8 58.5
Total Assets 2,347.9 2,269.7 2,357 2,075.2 2,273.1 2,214.0 1,902.2 1,690.0 1,529.8 1,815.5 1,352.1 1,564.7 1,947.6 2,151.9 1,745.7 1,672.6 1,500.9 1,482.7 717.7 693.0
Total Debt 402.0 391.3 390.8 390.4 389.9 389.1 30.4 53.7 52.7 51.6 50.6 53.0 25.0 23.4 2.7 0 0 0 100 0
Stockholders' Equity 368.1 388.0 429.6 407.4 388.2 409.4 472.1 421.2 413.1 415.9 402.3 392.6 403.3 420.8 435.8 458.9 241.4 252.5 (56.2) 0
Cash Flow
Operating Cash Flow (122.6) (226.8) 265.7 (153.9) (46.2) (211.2) 10.5 (21.1) 70.9 19.4 48.6 2.9 (74.5) (88.9) (221.4) 80.1 50.6 (191.6) (126.0) (56.1) (24.8) (58.3) 61.8
Capital Expenditure (6.8) (9.3) (9.8) (7.3) (7.6) (5.2) (5.5) (6.0) (4.9) (2.6) (3.1) (8.1) 1.4 (2.5) (5.3) (1.4) (0.4) (0.9) (1.3) (0.8) (1.2) (1.1) (0.8)
Free Cash Flow (129.3) (236.1) 256.0 (161.2) (53.8) (216.4) 5.0 (27.0) 66.0 16.8 45.5 (5.2) (73.1) (91.4) (226.7) 78.6 50.2 (192.4) (127.3) (56.9) (26.0) (59.4) 61.1