Growth & profitability
- Revenue has grown 32.2% per year over the past 5 years.
Financial health
- The company is unprofitable; at its current free-cash-flow burn it has roughly 4.3 years of cash runway.
FLNC Financials Fluence Energy, Inc.
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $2.3B | -$48M | 13.1% | 0.0% | -$160M | — | $691M |
| 2024 | $2.7B | $23M | 12.6% | 0.0% | $72M | $30M | $449M |
| 2023 | $2.2B | -$70M | 6.4% | 0.0% | -$115M | $51M | $346M |
| 2022 | $1.2B | -$104M | -5.2% | 0.0% | -$290M | $0 | $357M |
| 2021 | $681M | — | -10.2% | 0.0% | -$270M | — | $37M |
| 2020 | $561M | — | 1.4% | 0.0% | -$16M | — | — |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $465M | -$21M | 10.0% | 0.0% | -$124M | — | $387M |
| Dec '25 | $475M | -$45M | 4.9% | 0.0% | -$233M | — | $453M |
| Sep '25 | $1.0B | $18M | 13.7% | 0.0% | $261M | — | $691M |
| Jun '25 | $603M | $6M | 14.8% | 0.0% | -$157M | — | $436M |
| Mar '25 | $432M | -$31M | 9.9% | 0.0% | -$51M | — | $569M |
| Dec '24 | $187M | -$41M | 11.4% | 0.0% | -$213M | — | $607M |
| Sep '24 | $1.2B | $48M | 12.8% | 0.0% | $7M | $30M | $449M |
| Jun '24 | $483M | $785000 | 17.2% | 0.0% | -$23M | $54M | $388M |
| Mar '24 | $623M | -$9M | 10.3% | 0.0% | $70M | $59M | $412M |
| Dec '23 | $364M | -$17M | 10.0% | 0.0% | $18M | $52M | $318M |
| Sep '23 | $673M | $3M | 11.3% | 0.0% | $47M | $51M | $346M |
| Jun '23 | $536M | -$23M | 4.1% | 0.0% | $2M | $50M | $298M |
| Mar '23 | $698M | -$25M | 4.4% | 0.0% | -$73M | $22M | $194M |
| Dec '22 | $310M | -$25M | 3.9% | 0.0% | -$91M | $21M | $287M |
| Sep '22 | $442M | -$37M | 2.4% | 0.0% | -$227M | $0 | $357M |
| Jun '22 | $239M | -$19M | -2.2% | 0.0% | $79M | — | $677M |
| Mar '22 | $343M | -$19M | -4.3% | 0.0% | $50M | — | $652M |
| Dec '21 | $175M | -$29M | -30.4% | 0.0% | -$192M | — | $632M |
| Sep '21 | $188M | — | -31.9% | 0.0% | -$127M | — | $37M |
| Jun '21 | $278M | — | -5.4% | 0.0% | -$57M | — | $58M |
Valuation over time
How the market has priced FLNC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 132.0× (Sep '24) to 43.0× (Aug '25).
- The price-to-sales ratio has fallen from 2.2× (Mar '23) to 1.1× (Jun '26).
P/E
P/S
Frequently asked questions
Is FLNC growing its revenue and profit?
Over the past 5 years, Fluence Energy, Inc.'s revenue has grown 32.2% per year. These are computed facts, not advice.
How much debt does FLNC have?
As of FY2025, Fluence Energy, Inc. reported — of total debt against $691M of cash.
What is FLNC's profit margin?
In FY2025, gross margin was 13.1%, operating margin —, and net margin -2.1%.
What is FLNC's P/E ratio?
As of Jun '26, Fluence Energy, Inc. traded at a price-to-earnings ratio of about 43.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.