FLNC

MKT CAP:$2B

Fluence Energy, Inc.

Market Cap

$2B

Utilities·Renewable Utilities·🇺🇸 United States·NASDAQ

Utilities·Renewable·🇺🇸·NASDAQ

Stock Price

$13.50-$9.51 (-41.33%)

Apr 22, 2026

Company Details

Fluence Energy, Inc. provides energy storage products and services, and artificial intelligence enabled digital applications for renewables and storage applications worldwide. The company sells energy storage products with integrated hardwa...

CEO

Julian Jose Nebreda Marquez

IPO Date

Oct 28, 2021

Website

fluenceenergy.com

Key Metrics TTM

Revenue

$1.3B

+75.3% YoY

Net Income

-$241M

EPS (Diluted)

-$3.69

Free Cash Flow

-$395M

Revenue / Share

$11.12

Gross Margin

-4.0%

Operating Margin

-19.5%

Net Margin

-18.8%

FCF Margin

-30.8%

P/S

1.9x

P/E

—

Earnings Reports

Q2 2023

May 6, 2026

PENDING

Q1 2023

Feb 10, 2023

$310MEPS -$0.32

FY 2022

Dec 13, 2022

$1.2B+76.1%EPS -$4.15

Q4 2022

Dec 13, 2022

$442M+134.8%EPS -$0.49

Q2 2022

May 13, 2022

$343M+249.2%EPS -$1.12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$239M	$12M	-$976.0K
Q1 21	$116M	$5M	-$12M
Q2 21	$98M	$1M	-$22M
Q3 21	$278M	-$15M	-$37M
Q4 21	$188M	-$59M	-$88M
Q2 22	$343M	-$15M	-$61M
Q4 22	$442M	$11M	-$52M
Q1 23	$310M	$12M	-$50M

Valuation

Quarter	P/S	P/E
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q3 21	3.3x	—
Q4 21	3.5x	—
Q2 22	2.7x	—
Q4 22	1.9x	—
Q1 23	1.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	$62M	$61M
Q1 21	-$58M	-$59M
Q2 21	-$25M	-$26M
Q3 21	-$56M	-$57M
Q4 21	-$126M	-$127M
Q2 22	$51M	$50M
Q4 22	-$221M	-$227M
Q1 23	-$89M	-$91M

Capital Expenditures

Quarter	CapEx
Q4 20	$767.0K
Q1 21	$1M
Q2 21	$1M
Q3 21	$772.0K
Q4 21	$1M
Q2 22	$401.0K
Q4 22	$5M
Q1 23	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	-21.4%	+14.7%
Q2 22	+194.9%	+215.1%
Q4 22	+350.4%	+311.2%
Q1 23	+11.6%	+14.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q2 22	-$3M	-0.9%
Q4 22	$18M	4.0%
Q1 23	$8M	2.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 20	$3M	$5M	$4M
Q1 21	$4M	$7M	$5M
Q2 21	$8M	$8M	$5M
Q3 21	$5M	$9M	$7M
Q4 21	$6M	$15M	$6M
Q2 22	$13M	$25M	$6M
Q4 22	$18M	$33M	$10M
Q1 23	$19M	$31M	$9M

Revenue Segments

Quarter	Product	Product and Service, Other	Service, Other
Q1 23	$306M	$435.0K	$3M

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q2 22	$257M	$21M	$64M
Q4 22	$296M	$63M	$83M
Q1 23	$176M	$20M	$114M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$652M	$0	$652M
Q3 22	$677M	$0	$677M
Q4 22	$357M	$110M	$468M
Q1 23	$287M	$110M	$397M
Q2 23	$194M	$70M	$264M
Q3 23	$298M	$0	$298M
Q4 23	$346M	$0	$346M
Q1 24	$318M	$0	$318M
Q2 24	$412M	$0	$412M
Q3 24	$388M	$0	$388M
Q4 24	$449M	$0	$449M
Q1 25	$607M	$0	$607M
Q2 25	$569M	$0	$569M
Q3 25	$436M	$0	$436M
Q4 25	$691M	$0	$691M
Q1 26	$453M	$0	$453M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	49M	—	—
Q1 21	49M	0.0%	—
Q2 21	49M	0.0%	—
Q3 21	49M	0.0%	—
Q4 21	49M	0.0%	0.0%
Q2 22	54M	+9.4%	+9.4%
Q4 22	114M	+111.4%	+131.2%
Q1 23	115M	+0.8%	+133.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	$418.2K	450
Q2 22	$761.6K	450
Q4 22	$457.1K	967
Q1 23	$321.1K	967

Revenue / Employee