Fluence Energy, Inc.
NASDAQ:FLNC · NASDAQ Global Select
-$0.62 today
Vol 9.90M · Avg 12.85M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:FLNC · Revenue to Net Income
Key Ratios
Analysis
$2.6B of revenue converted into -$41.8M of net income for the selected period. Gross margin is 10.6% and net margin is -2.8%, showing how much revenue survives after costs and taxes. EPS is $-0.37, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B -16.1% | $2.7B +21.7% | $2.2B +85.0% | $1.2B +76.1% | $680.8M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $2.0B -16.6% | $2.4B +13.5% | $2.1B +64.7% | $1.3B +68.1% | $749.9M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $295.8M -13.3% | $341.1M +142.0% | $141.0M +326.1% | -$62.4M +9.8% | -$69.1M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 13.1% +0.4pp | 12.6% +6.3pp | 6.4% +11.6pp | -5.2% +5.0pp | -10.2% | 9.8% | 28.9% | 38.3% |
| Research & Development | $86.2M +30.2% | $66.2M -0.2% | $66.3M +10.3% | $60.1M +156.7% | $23.4M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $242.6M +2.4% | $236.8M +33.5% | $177.4M +15.3% | $153.9M +153.2% | $60.8M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $342.1M +8.8% | $314.5M +24.0% | $253.6M +14.6% | $221.2M +147.6% | $89.3M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $29.3M +102.6% | $14.5M +35.8% | $10.7M +50.0% | $7.1M +39.0% | $5.1M | $374.2M | $1.2B | $631.8M |
| EBITDA | -$17.0M -141.3% | $41.1M +140.3% | -$101.9M +63.1% | -$276.4M -79.9% | -$153.6M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -0.8% -2.3pp | 1.5% +6.1pp | -4.6% +18.5pp | -23.1% -0.5pp | -22.6% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$46.3M -274.1% | $26.6M +123.6% | -$112.6M +60.3% | -$283.5M -78.9% | -$158.5M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -2.0% -3.0pp | 1.0% +6.1pp | -5.1% +18.6pp | -23.7% -0.4pp | -23.3% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 -100.0% | $5.7M +5.3% | $5.4M +1552.8% | $326.0K | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $0 | $0 | $0 -100.0% | $2.0M +40.6% | $1.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $1.3M -90.2% | $13.0M +5.0% | $12.3M +387.0% | -$4.3M -152.1% | -$1.7M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$45.1M -213.9% | $39.6M +139.5% | -$100.3M +65.2% | -$287.8M -79.7% | -$160.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -2.0% -3.5pp | 1.5% +6.0pp | -4.5% +19.5pp | -24.0% -0.5pp | -23.5% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $22.9M +148.9% | $9.2M +102.4% | $4.5M +235.2% | $1.4M -25.8% | $1.8M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$48.3M -312.7% | $22.7M +132.6% | -$69.6M +75.9% | -$289.2M -78.5% | -$162.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | -2.1% -3.0pp | 0.8% +4.0pp | -3.1% +21.0pp | -24.1% -0.3pp | -23.8% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$0 -305.6% | $0 +130.0% | -$1 +85.5% | -$4 -38.8% | -$3 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$0 -408.3% | $0 +120.0% | -$1 +85.5% | -$4 -38.8% | -$3 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $130.3M +3.3% | $126.2M +8.4% | $116.4M +67.0% | $69.7M +28.8% | $54.1M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $130.3M -29.2% | $184.0M +58.0% | $116.4M +67.0% | $69.7M +28.8% | $54.1M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Otter Tail Corporation
NASDAQ:OTTR
$3.67B
Kenon Holdings Ltd.
NYSE:KEN
$3.57B
Avista Corporation
NYSE:AVA
$3.27B
American States Water Company
NYSE:AWR
$3.03B
MGE Energy, Inc.
NASDAQ:MGEE
$2.88B
Chesapeake Utilities Corporation
NYSE:CPK
$2.88B
California Water Service Group
NYSE:CWT
$2.70B
Central Puerto S.A.
NYSE:CEPU
$2.39B
ReNew Energy Global Plc
NASDAQ:RNW
$2.27B
Excelerate Energy, Inc.
NYSE:EE
$1.10B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does FLNC generate?
Fluence Energy, Inc. (FLNC) reported $2.26B of revenue in fiscal 2025.
Is FLNC profitable?
Fluence Energy, Inc. (FLNC) reported -$48,314,000.00 of net income, with a net margin of -2.1%.
Explore More
Continue the stock analysis
Jump to another research area for this company.