Fluence Energy (FLNC) Financials

$3.74 -0.32 (-7.88%)

As of 12:51 PM Eastern

Annual Income Statements for Fluence Energy

This table shows Fluence Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-104	-70	23
Consolidated Net Income / (Loss)	-289	-105	30
Net Income / (Loss) Continuing Operations	-289	-105	30
Total Pre-Tax Income	-288	-100	40
Total Operating Income	-284	-113	27
Total Gross Profit	-62	141	341
Total Revenue	1,199	2,218	2,699
Operating Revenue	1,199	2,218	2,699
Total Cost of Revenue	1,261	2,077	2,357
Operating Cost of Revenue	1,261	2,077	2,357
Total Operating Expenses	221	254	314
Selling, General & Admin Expense	117	136	173
Marketing Expense	37	41	64
Research & Development Expense	60	66	66
Depreciation Expense	7.11	9.84	11
Total Other Income / (Expense), net	-4.30	12	13
Interest Expense	-0.33	-5.39	-5.68
Other Income / (Expense), net	-4.63	6.95	7.28
Income Tax Expense	1.36	4.55	9.21
Net Income / (Loss) Attributable to Noncontrolling Interest	-185	-35	7.65
Basic Earnings per Share	($1.50)	($0.60)	$0.18
Weighted Average Basic Shares Outstanding	69.71M	116.45M	126.18M
Diluted Earnings per Share	($1.50)	($0.60)	$0.13
Weighted Average Diluted Shares Outstanding	69.71M	116.45M	184.03M
Weighted Average Basic & Diluted Shares Outstanding	174.45M	177.89M	181.12M

This table shows Fluence Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	-19	-37	-25	-25	-23	3.27	-17	-9.17	0.79	48	-41
Consolidated Net Income / (Loss)	-61	-56	-37	-37	-35	4.82	-26	-13	1.08	68	-57
Net Income / (Loss) Continuing Operations	-61	-56	-37	-37	-35	4.82	-26	-13	1.08	68	-57
Total Pre-Tax Income	-62	-54	-38	-38	-36	11	-27	-15	5.30	76	-59
Total Operating Income	-61	-52	-50	-37	-39	12	-30	-16	4.57	68	-54
Total Gross Profit	-5.20	11	12	31	22	76	36	64	83	157	21
Total Revenue	239	442	310	698	536	673	364	623	483	1,228	187
Operating Revenue	239	442	310	698	536	673	364	623	483	1,228	187
Total Cost of Revenue	244	431	298	667	515	597	328	559	400	1,071	166
Operating Cost of Revenue	244	431	298	667	515	597	328	559	400	1,071	166
Total Operating Expenses	56	63	62	67	60	64	66	80	78	90	75
Selling, General & Admin Expense	27	33	31	32	38	35	38	44	45	46	37
Marketing Expense	8.40	9.56	8.79	10	10	12	11	16	15	23	18
Research & Development Expense	18	18	19	23	9.92	15	15	17	15	18	17
Depreciation Expense	1.97	2.22	2.42	2.67	2.27	2.48	2.48	2.48	3.62	2.84	2.82
Total Other Income / (Expense), net	-0.78	-2.45	12	-0.94	2.25	-0.77	3.18	1.05	0.74	7.99	-5.01
Interest Expense	0.57	-2.26	-0.66	-2.08	-1.52	-1.14	-1.99	-1.26	-1.30	-1.12	-0.74
Other Income / (Expense), net	-0.21	-4.70	11	-3.01	0.73	-1.91	1.19	-0.22	-0.56	6.87	-5.75
Income Tax Expense	-0.98	1.85	-0.61	-0.13	-1.32	6.61	-1.24	-1.67	4.23	7.88	-1.72
Net Income / (Loss) Attributable to Noncontrolling Interest	-41	-19	-13	-13	-12	1.55	-8.81	-3.71	0.29	20	-16
Basic Earnings per Share	($0.35)	($0.27)	($0.21)	($0.21)	($0.20)	$0.02	($0.14)	($0.07)	$0.01	$0.38	($0.32)
Weighted Average Basic Shares Outstanding	55.63M	69.71M	115.39M	116.27M	117.46M	116.45M	121.11M	126.84M	127.91M	126.18M	129.48M
Diluted Earnings per Share	($0.35)	($0.27)	($0.21)	($0.21)	($0.20)	$0.02	($0.14)	($0.07)	$0.00	$0.34	($0.32)
Weighted Average Diluted Shares Outstanding	55.63M	69.71M	115.39M	116.27M	117.46M	116.45M	121.11M	126.84M	184.22M	184.03M	129.48M
Weighted Average Basic & Diluted Shares Outstanding	172.89M	174.45M	174.77M	175.52M	177.09M	177.89M	178.63M	179.40M	180.49M	181.12M	181.55M

This table details how cash moves in and out of Fluence Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	392	33	56
Net Cash From Operating Activities	-282	-112	80
Net Cash From Continuing Operating Activities	-282	-112	80
Net Income / (Loss) Continuing Operations	-289	-105	30
Consolidated Net Income / (Loss)	-289	-105	30
Depreciation Expense	7.11	11	14
Amortization Expense	0.78	0.91	3.09
Non-Cash Adjustments To Reconcile Net Income	-35	-61	8.32
Changes in Operating Assets and Liabilities, net	34	42	23
Net Cash From Investing Activities	-148	94	-19
Net Cash From Continuing Investing Activities	-148	94	-19
Purchase of Property, Plant & Equipment	-7.93	-12	-19
Acquisitions	-29	-5.01	0.00
Purchase of Investments	-110	0.00	0.00
Sale and/or Maturity of Investments	0.00	112	0.00
Other Investing Activities, net	-1.12	0.00	0.00
Net Cash From Financing Activities	817	53	-8.68
Net Cash From Continuing Financing Activities	817	53	-8.68
Repayment of Debt	-103	0.00	-8.46
Payment of Dividends	0.00	0.00	-3.89
Issuance of Debt	0.00	48	0.00
Issuance of Common Equity	936	0.00	0.00
Other Financing Activities, net	-15	4.42	3.67
Effect of Exchange Rate Changes	5.40	-2.10	3.94
Cash Interest Paid	1.13	2.34	3.02
Cash Income Taxes Paid	2.07	1.24	2.66

This table details how cash moves in and out of Fluence Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	39	-332	-78	-39	104	47	14	65	-28	5.40	136
Net Cash From Operating Activities	80	-221	-89	-75	2.92	49	19	71	-21	11	-211
Net Cash From Continuing Operating Activities	80	-221	-89	-75	2.92	49	19	71	-21	11	-211
Net Income / (Loss) Continuing Operations	-61	-56	-37	-37	-35	4.82	-26	-13	1.08	68	-57
Consolidated Net Income / (Loss)	-61	-56	-37	-37	-35	4.82	-26	-13	1.08	68	-57
Depreciation Expense	1.97	2.22	2.42	2.67	2.65	2.93	2.88	3.09	4.42	4.09	4.49
Amortization Expense	0.21	0.23	0.23	0.23	-	0.46	0.68	0.36	0.38	1.67	0.82
Non-Cash Adjustments To Reconcile Net Income	29	-34	-72	75	-7.91	-56	21	29	34	-76	13
Changes in Operating Assets and Liabilities, net	110	-134	18	-115	43	96	20	51	-61	13	-172
Net Cash From Investing Activities	-31	-115	-6.33	42	62	-3.06	-2.60	-4.90	-5.95	-5.53	-5.19
Net Cash From Continuing Investing Activities	-31	-115	-6.33	42	62	-3.06	-2.60	-4.90	-5.95	-5.53	-5.19
Purchase of Property, Plant & Equipment	-1.40	-5.26	-2.50	1.41	-8.07	-3.06	-2.60	-4.90	-5.95	-5.53	-5.19
Net Cash From Financing Activities	-13	1.59	23	0.56	29	0.01	-6.36	-0.27	0.86	-2.91	361
Net Cash From Continuing Financing Activities	-13	1.59	23	0.56	29	0.01	-6.36	-0.27	0.86	-2.91	361
Repayment of Debt	0.18	-0.26	0.00	-	-	-	-3.58	-0.72	-0.71	-3.45	-10
Payment of Dividends	-	-	0.00	-	-	-	-3.89	-	-	-	0.00
Issuance of Debt	-	-	21	-	27	-	0.00	-	-	-	400
Other Financing Activities, net	12	-10	2.40	0.56	1.46	0.01	1.12	0.53	1.48	0.54	-29
Effect of Exchange Rate Changes	2.51	2.93	-5.78	-7.27	9.82	1.13	3.42	-0.79	-1.99	3.31	-8.71
Cash Interest Paid	-0.50	1.13	0.27	0.24	0.44	1.38	0.72	0.38	1.08	0.84	0.92
Cash Income Taxes Paid	0.68	0.77	0.28	0.30	0.34	0.31	0.92	0.39	0.41	0.94	5.71

This table presents Fluence Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	1,746	1,352	1,902
Total Current Assets	1,602	1,195	1,680
Cash & Equivalents	357	346	449
Restricted Cash	62	107	46
Note & Lease Receivable	0.00	24	31
Accounts Receivable	337	354	751
Inventories, net	708	333	357
Other Current Assets	27	31	47
Plant, Property, & Equipment, net	14	13	15
Total Noncurrent Assets	130	144	206
Goodwill	25	26	27
Intangible Assets	52	56	60
Noncurrent Deferred & Refundable Income Taxes	3.03	0.09	8.88
Other Noncurrent Operating Assets	26	32	110
Total Liabilities & Shareholders' Equity	1,746	1,352	1,902
Total Liabilities	1,116	796	1,295
Total Current Liabilities	1,109	746	1,259
Short-Term Debt	0.00	23	30
Accounts Payable	305	65	437
Accrued Expenses	184	176	338
Current Deferred Revenue	579	383	313
Current Deferred & Payable Income Tax Liabilities	11	29	58
Current Employee Benefit Liabilities	21	52	59
Other Current Liabilities	8.93	17	24
Total Noncurrent Liabilities	6.98	50	36
Long-Term Debt	0.00	28	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	4.88	4.79	7.11
Other Noncurrent Operating Liabilities	2.11	17	29
Total Equity & Noncontrolling Interests	629	556	607
Total Preferred & Common Equity	436	402	472
Preferred Stock	0.00	0.00	0.00
Total Common Equity	436	402	472
Common Stock	543	581	635
Retained Earnings	-105	-174	-151
Treasury Stock	-5.01	-7.80	-9.46
Accumulated Other Comprehensive Income / (Loss)	2.78	3.20	-1.84
Noncontrolling Interest	193	154	135

This table presents Fluence Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Total Assets	1,673	2,152	1,948	1,565	1,815	1,530	1,690	2,214
Total Current Assets	1,551	2,010	1,808	1,389	1,665	1,323	1,504	1,984
Cash & Equivalents	677	287	194	298	318	412	388	607
Restricted Cash	75	55	108	108	136	107	102	24
Note & Lease Receivable	-	-	-	-	55	55	55	0.00
Accounts Receivable	244	390	579	373	430	283	290	555
Inventories, net	516	1,139	829	584	677	420	626	719
Other Current Assets	39	30	28	27	50	46	42	78
Plant, Property, & Equipment, net	9.29	15	13	13	13	14	14	19
Total Noncurrent Assets	113	127	126	162	137	194	172	212
Goodwill	25	26	26	26	28	26	26	26
Intangible Assets	53	51	50	55	57	57	59	59
Noncurrent Deferred & Refundable Income Taxes	1.18	2.57	2.57	2.57	0.09	0.09	0.09	8.08
Other Noncurrent Operating Assets	30	20	21	21	52	110	87	119
Total Liabilities & Shareholders' Equity	1,673	2,152	1,948	1,565	1,815	1,530	1,690	2,214
Total Liabilities	1,001	1,553	1,380	1,019	1,276	998	1,152	1,685
Total Current Liabilities	994	1,526	1,345	954	1,252	973	1,125	1,261
Short-Term Debt	0.00	-	-	-	52	59	54	0.00
Accounts Payable	221	506	400	166	319	244	322	102
Accrued Expenses	135	160	106	96	172	26	213	477
Current Deferred Revenue	604	827	584	611	648	558	446	606
Current Deferred & Payable Income Tax Liabilities	12	7.90	17	26	31	22	33	40
Current Employee Benefit Liabilities	17	14	27	40	19	53	41	26
Other Current Liabilities	4.37	11	210	15	12	11	15	11
Total Noncurrent Liabilities	7.45	27	35	65	24	25	27	423
Long-Term Debt	-	21	22	50	0.00	-	0.00	389
Noncurrent Deferred & Payable Income Tax Liabilities	-	3.47	3.50	3.54	5.37	5.16	5.14	6.62
Other Noncurrent Operating Liabilities	7.45	1.95	9.53	12	19	20	22	28
Total Equity & Noncontrolling Interests	671	599	568	545	539	532	538	529
Total Preferred & Common Equity	459	421	403	393	416	413	421	409
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	0.00	421	403	393	416	413	421	409
Common Stock	531	555	563	574	610	618	628	612
Retained Earnings	-67	-129	-154	-177	-191	-200	-199	-193
Treasury Stock	-4.99	-5.30	-5.30	-6.63	-7.80	-7.89	-9.04	-9.86
Accumulated Other Comprehensive Income / (Loss)	0.52	0.41	-0.57	2.82	4.38	3.24	1.57	0.22
Noncontrolling Interest	212	178	165	153	123	119	117	120

This table displays calculated financial ratios and metrics derived from Fluence Energy's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	76.07%	85.05%	21.67%
EBITDA Growth	-82.43%	66.43%	154.71%
EBIT Growth	-81.52%	63.33%	132.08%
NOPAT Growth	-78.91%	60.28%	125.92%
Net Income Growth	-78.50%	63.75%	128.97%
EPS Growth	0.00%	60.00%	121.67%
Operating Cash Flow Growth	-6.45%	60.36%	171.19%
Free Cash Flow Firm Growth	-414.89%	60.87%	123.81%
Invested Capital Growth	322.82%	55.51%	-7.42%
Revenue Q/Q Growth	0.00%	11.63%	25.90%
EBITDA Q/Q Growth	0.00%	41.89%	440.91%
EBIT Q/Q Growth	0.00%	38.76%	211.89%
NOPAT Q/Q Growth	0.00%	36.27%	201.35%
Net Income Q/Q Growth	0.00%	36.79%	193.32%
EPS Q/Q Growth	0.00%	32.58%	168.42%
Operating Cash Flow Q/Q Growth	-51.06%	70.69%	-32.31%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-50.73%
Invested Capital Q/Q Growth	0.00%	-17.34%	40.39%
Profitability Metrics	-	-	-
Gross Margin	-5.20%	6.36%	12.64%
EBITDA Margin	-23.38%	-4.24%	1.91%
Operating Margin	-23.65%	-5.08%	0.99%
EBIT Margin	-24.04%	-4.76%	1.26%
Profit (Net Income) Margin	-24.13%	-4.73%	1.13%
Tax Burden Percent	100.47%	104.54%	76.74%
Interest Burden Percent	99.89%	94.90%	116.74%
Effective Tax Rate	0.00%	0.00%	23.26%
Return on Invested Capital (ROIC)	-726.42%	-62.24%	13.76%
ROIC Less NNEP Spread (ROIC-NNEP)	-700.19%	-56.66%	11.47%
Return on Net Nonoperating Assets (RNNOA)	648.94%	44.56%	-8.54%
Return on Equity (ROE)	-77.48%	-17.68%	5.22%
Cash Return on Invested Capital (CROIC)	-345.08%	-105.69%	21.47%
Operating Return on Assets (OROA)	-23.39%	-6.82%	2.08%
Return on Assets (ROA)	-23.48%	-6.77%	1.87%
Return on Common Equity (ROCE)	-27.24%	-12.50%	3.92%
Return on Equity Simple (ROE_SIMPLE)	-66.35%	-26.05%	6.43%
Net Operating Profit after Tax (NOPAT)	-198	-79	20
NOPAT Margin	-16.56%	-3.55%	0.76%
Net Nonoperating Expense Percent (NNEP)	-26.23%	-5.58%	2.29%
Cost of Revenue to Revenue	105.20%	93.64%	87.36%
SG&A Expenses to Revenue	9.74%	6.15%	6.41%
R&D to Revenue	5.02%	2.99%	2.45%
Operating Expenses to Revenue	18.45%	11.43%	11.65%
Earnings before Interest and Taxes (EBIT)	-288	-106	34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-280	-94	51
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	5.79	10.12	8.68
Price to Tangible Book Value (P/TBV)	7.02	12.70	10.66
Price to Revenue (P/Rev)	2.10	1.84	1.52
Price to Earnings (P/E)	0.00	0.00	180.44
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.55%
Enterprise Value to Invested Capital (EV/IC)	22.05	24.80	26.41
Enterprise Value to Revenue (EV/Rev)	1.82	1.72	1.40
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	73.24
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	111.21
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	184.53
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	47.31
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	118.30
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.09	0.05
Long-Term Debt to Equity	0.00	0.05	0.00
Financial Leverage	-0.93	-0.79	-0.74
Leverage Ratio	3.30	2.61	2.80
Compound Leverage Factor	3.30	2.48	3.27
Debt to Total Capital	0.00%	8.33%	4.76%
Short-Term Debt to Total Capital	0.00%	3.71%	4.76%
Long-Term Debt to Total Capital	0.00%	4.62%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	30.73%	25.37%	21.18%
Common Equity to Total Capital	69.27%	66.30%	74.06%
Debt to EBITDA	0.00	-0.54	0.59
Net Debt to EBITDA	0.00	4.27	-9.02
Long-Term Debt to EBITDA	0.00	-0.30	0.00
Debt to NOPAT	0.00	-0.64	1.49
Net Debt to NOPAT	0.00	5.10	-22.73
Long-Term Debt to NOPAT	0.00	-0.36	0.00
Altman Z-Score	1.75	4.67	3.53
Noncontrolling Interest Sharing Ratio	64.85%	29.30%	24.84%
Liquidity Ratios	-	-	-
Current Ratio	1.44	1.60	1.33
Quick Ratio	0.73	0.97	0.98
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-342	-134	32
Operating Cash Flow to CapEx	-3,559.18%	-915.63%	419.95%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.97	1.43	1.66
Accounts Receivable Turnover	4.52	6.42	4.88
Inventory Turnover	2.28	3.99	6.83
Fixed Asset Turnover	109.16	167.23	191.93
Accounts Payable Turnover	5.44	11.22	9.39
Days Sales Outstanding (DSO)	80.71	56.88	74.73
Days Inventory Outstanding (DIO)	160.22	91.41	53.41
Days Payable Outstanding (DPO)	67.05	32.53	38.87
Cash Conversion Cycle (CCC)	173.88	115.76	89.28
Capital & Investment Metrics	-	-	-
Invested Capital	99	154	143
Invested Capital Turnover	43.87	17.51	18.18
Increase / (Decrease) in Invested Capital	144	55	-11
Enterprise Value (EV)	2,186	3,823	3,770
Market Capitalization	2,523	4,071	4,099
Book Value per Share	$2.52	$2.27	$2.62
Tangible Book Value per Share	$2.08	$1.81	$2.13
Total Capital	629	607	637
Total Debt	0.00	51	30
Total Long-Term Debt	0.00	28	0.00
Net Debt	-530	-402	-464
Capital Expenditures (CapEx)	7.93	12	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-38	19	-43
Debt-free Net Working Capital (DFNWC)	492	472	452
Net Working Capital (NWC)	492	449	422
Net Nonoperating Expense (NNE)	91	26	-9.94
Net Nonoperating Obligations (NNO)	-530	-402	-464
Total Depreciation and Amortization (D&A)	7.89	12	18
Debt-free, Cash-free Net Working Capital to Revenue	-3.17%	0.86%	-1.59%
Debt-free Net Working Capital to Revenue	41.05%	21.27%	16.75%
Net Working Capital to Revenue	41.05%	20.26%	15.62%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.50)	($0.60)	$0.18
Adjusted Weighted Average Basic Shares Outstanding	69.71M	116.45M	126.18M
Adjusted Diluted Earnings per Share	($1.50)	($0.60)	$0.13
Adjusted Weighted Average Diluted Shares Outstanding	69.71M	116.45M	184.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	174.45M	177.89M	181.12M
Normalized Net Operating Profit after Tax (NOPAT)	-198	-79	20
Normalized NOPAT Margin	-16.56%	-3.55%	0.76%
Pre Tax Income Margin	-24.01%	-4.52%	1.47%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	12.82%
Augmented Payout Ratio	0.00%	0.00%	12.82%

This table displays calculated financial ratios and metrics derived from Fluence Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.09%	0.00%	77.52%	103.72%	124.41%	52.26%	17.23%	-10.75%	-9.89%	82.49%	-48.68%
EBITDA Growth	-66.78%	0.00%	67.10%	36.94%	40.33%	125.25%	29.58%	66.32%	125.01%	486.96%	-114.79%
EBIT Growth	-66.98%	0.00%	65.17%	33.89%	38.14%	118.18%	25.16%	60.09%	110.57%	624.02%	-106.60%
NOPAT Growth	-64.85%	0.00%	54.74%	40.03%	36.73%	114.16%	39.58%	57.39%	103.42%	1,077.60%	-79.23%
Net Income Growth	-56.87%	0.00%	66.63%	38.39%	42.39%	108.57%	31.29%	65.57%	103.07%	1,305.94%	-123.09%
EPS Growth	0.00%	0.00%	60.38%	40.00%	42.86%	107.41%	33.33%	66.67%	100.00%	1,600.00%	-128.57%
Operating Cash Flow Growth	242.60%	-75.76%	53.59%	-247.39%	-96.35%	121.93%	121.78%	195.13%	-821.34%	-78.32%	-1,190.91%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	-465.43%	-824.50%	0.00%	103.72%	154.63%	128.85%	244.34%	-2,605.74%
Invested Capital Growth	0.00%	0.00%	0.00%	116,117.30%	322.67%	55.51%	-17.16%	-66.28%	-45.49%	-7.42%	108.78%
Revenue Q/Q Growth	-30.26%	84.92%	-29.76%	124.89%	-23.18%	25.47%	-45.92%	71.21%	-22.44%	154.11%	-84.79%
EBITDA Q/Q Growth	-1.47%	8.31%	33.87%	-2.49%	3.99%	138.79%	-284.48%	50.99%	171.29%	810.66%	-167.51%
EBIT Q/Q Growth	-2.23%	7.58%	32.03%	-2.95%	4.33%	127.15%	-379.81%	45.10%	125.34%	1,760.14%	-179.85%
NOPAT Q/Q Growth	-0.03%	14.98%	4.40%	26.25%	-5.55%	119.03%	-507.90%	47.99%	108.48%	6,444.93%	-162.08%
Net Income Q/Q Growth	-0.21%	7.64%	33.80%	-0.55%	6.29%	113.75%	-630.54%	49.62%	108.35%	6,199.91%	-184.18%
EPS Q/Q Growth	0.00%	22.86%	22.22%	0.00%	4.76%	110.00%	-800.00%	50.00%	100.00%	0.00%	-194.12%
Operating Cash Flow Q/Q Growth	58.35%	-376.62%	59.86%	16.18%	103.92%	1,560.74%	-60.13%	266.08%	-129.76%	149.92%	-2,106.19%
Free Cash Flow Firm Q/Q Growth	196.50%	-100.00%	0.00%	-19.94%	-23.65%	83.22%	114.96%	1,660.30%	-34.70%	-16.04%	-359.65%
Invested Capital Q/Q Growth	-45,172.43%	218.36%	67.19%	29.50%	-13.11%	-17.34%	-10.94%	-47.28%	40.46%	40.39%	100.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-2.17%	2.43%	3.88%	4.41%	4.07%	11.33%	10.00%	10.30%	17.18%	12.82%	11.35%
EBITDA Margin	-24.71%	-12.25%	-11.53%	-5.26%	-6.57%	2.03%	-6.93%	-1.98%	1.82%	6.53%	-29.00%
Operating Margin	-25.53%	-11.74%	-15.98%	-5.24%	-7.20%	1.81%	-8.23%	-2.50%	0.94%	5.51%	-28.76%
EBIT Margin	-25.62%	-12.80%	-12.39%	-5.67%	-7.06%	1.53%	-7.91%	-2.54%	0.83%	6.06%	-31.84%
Profit (Net Income) Margin	-25.45%	-12.71%	-11.98%	-5.36%	-6.53%	0.72%	-7.02%	-2.07%	0.22%	5.51%	-30.52%
Tax Burden Percent	98.42%	103.40%	98.38%	99.66%	96.38%	42.17%	95.39%	88.54%	20.27%	89.58%	97.08%
Interest Burden Percent	100.94%	96.01%	98.29%	94.76%	95.99%	111.05%	93.08%	92.02%	132.47%	101.51%	98.75%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	57.83%	0.00%	0.00%	79.73%	10.42%	0.00%
Return on Invested Capital (ROIC)	0.00%	-99.36%	-180.07%	-57.80%	-194.93%	13.38%	-86.42%	-26.80%	2.85%	89.65%	-239.45%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-95.62%	-178.93%	-55.62%	-193.49%	13.45%	-85.32%	-26.32%	2.81%	88.00%	-233.43%
Return on Net Nonoperating Assets (RNNOA)	0.00%	80.55%	129.42%	46.40%	177.15%	-10.58%	62.60%	19.45%	-2.06%	-65.55%	140.81%
Return on Equity (ROE)	0.00%	-18.81%	-50.65%	-11.41%	-17.78%	2.80%	-23.81%	-7.35%	0.79%	24.11%	-98.65%
Cash Return on Invested Capital (CROIC)	0.00%	-345.08%	0.00%	0.00%	0.00%	-105.69%	-24.18%	64.02%	44.89%	21.47%	-70.65%
Operating Return on Assets (OROA)	0.00%	-12.46%	-7.68%	-5.56%	-8.67%	2.19%	-9.06%	-3.20%	1.09%	10.06%	-39.84%
Return on Assets (ROA)	0.00%	-12.37%	-7.43%	-5.25%	-8.02%	1.03%	-8.04%	-2.61%	0.29%	9.15%	-38.20%
Return on Common Equity (ROCE)	0.00%	-6.61%	-35.58%	-3.56%	-5.74%	1.98%	-17.51%	-5.46%	0.59%	18.12%	-76.20%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-51.07%	-47.51%	-42.24%	0.00%	-22.40%	-16.62%	-7.73%	0.00%	-0.27%
Net Operating Profit after Tax (NOPAT)	-43	-36	-35	-26	-27	5.14	-21	-11	0.93	61	-38
NOPAT Margin	-17.87%	-8.22%	-11.18%	-3.67%	-5.04%	0.76%	-5.76%	-1.75%	0.19%	4.93%	-20.13%
Net Nonoperating Expense Percent (NNEP)	-4.80%	-3.75%	-1.14%	-2.18%	-1.44%	-0.07%	-1.10%	-0.48%	0.04%	1.65%	-6.02%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-3.55%	-	-	-	-4.09%
Cost of Revenue to Revenue	102.17%	97.57%	96.12%	95.59%	95.93%	88.67%	90.00%	89.70%	82.82%	87.18%	88.65%
SG&A Expenses to Revenue	11.44%	7.45%	10.07%	4.55%	7.11%	5.22%	10.37%	7.07%	9.33%	3.75%	19.65%
R&D to Revenue	7.59%	4.05%	6.17%	3.23%	1.85%	2.18%	4.24%	2.80%	3.10%	1.49%	9.21%
Operating Expenses to Revenue	23.36%	14.17%	19.86%	9.65%	11.27%	9.52%	18.23%	12.80%	16.24%	7.32%	40.11%
Earnings before Interest and Taxes (EBIT)	-61	-57	-38	-40	-38	10	-29	-16	4.00	74	-59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-59	-54	-36	-37	-35	14	-25	-12	8.81	80	-54
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	5.79	7.11	8.78	11.91	10.12	10.16	7.50	7.39	8.68	7.02
Price to Tangible Book Value (P/TBV)	0.00	7.02	8.71	10.80	15.04	12.70	12.74	9.40	9.25	10.66	8.86
Price to Revenue (P/Rev)	0.00	2.10	2.24	2.09	2.35	1.84	1.86	1.41	1.45	1.52	1.14
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	180.44	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.55%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	22.05	16.53	15.62	23.98	24.80	28.73	38.09	27.46	26.41	9.61
Enterprise Value to Revenue (EV/Rev)	0.00	1.82	2.05	1.98	2.25	1.72	1.74	1.26	1.30	1.40	1.09
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	73.24	122.25
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	111.21	857.23
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	184.53	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.45	23.71	47.31	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	30.01	43.15	118.30	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.04	0.04	0.09	0.09	0.10	0.11	0.10	0.05	0.74
Long-Term Debt to Equity	0.00	0.00	0.04	0.04	0.09	0.05	0.00	0.00	0.00	0.00	0.74
Financial Leverage	-1.12	-0.84	-0.72	-0.83	-0.92	-0.79	-0.73	-0.74	-0.73	-0.74	-0.60
Leverage Ratio	2.49	3.30	3.59	2.67	2.66	2.61	3.49	3.16	3.00	2.80	3.77
Compound Leverage Factor	2.52	3.17	3.53	2.53	2.55	2.90	3.24	2.91	3.98	2.84	3.72
Debt to Total Capital	0.00%	0.00%	3.41%	3.66%	8.32%	8.33%	8.74%	9.99%	9.08%	4.76%	42.37%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	3.71%	8.74%	9.99%	9.08%	4.76%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	3.41%	3.66%	8.32%	4.62%	0.00%	0.00%	0.00%	0.00%	42.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	31.61%	30.73%	28.73%	27.93%	25.69%	25.37%	20.86%	20.09%	19.77%	21.18%	13.05%
Common Equity to Total Capital	0.00%	69.27%	67.86%	68.41%	65.99%	66.30%	70.40%	69.92%	71.16%	74.06%	44.58%
Debt to EBITDA	0.00	0.00	-0.10	-0.12	-0.31	-0.54	-0.62	-1.00	-3.56	0.59	17.28
Net Debt to EBITDA	0.00	0.00	2.08	1.89	2.20	4.27	4.81	7.77	28.91	-9.02	-10.77
Long-Term Debt to EBITDA	0.00	0.00	-0.10	-0.12	-0.31	-0.30	0.00	0.00	0.00	0.00	17.28
Debt to NOPAT	0.00	0.00	-0.14	-0.16	-0.40	-0.64	-0.79	-1.17	-2.66	1.49	-948.44
Net Debt to NOPAT	0.00	0.00	2.75	2.52	2.88	5.10	6.17	9.12	21.66	-22.73	591.46
Long-Term Debt to NOPAT	0.00	0.00	-0.14	-0.16	-0.40	-0.36	0.00	0.00	0.00	0.00	-948.44
Altman Z-Score	0.00	2.19	1.90	2.51	4.12	4.95	3.31	3.35	3.00	3.60	2.34
Noncontrolling Interest Sharing Ratio	0.00%	64.85%	29.74%	68.82%	67.73%	29.30%	26.48%	25.76%	24.90%	24.84%	22.75%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.56	1.44	1.32	1.34	1.46	1.60	1.33	1.36	1.34	1.33	1.57
Quick Ratio	0.93	0.73	0.52	0.63	0.70	0.97	0.64	0.77	0.65	0.98	0.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	41	0.00	-200	-240	-297	-50	7.46	131	86	72	-187
Operating Cash Flow to CapEx	5,701.78%	-4,210.72%	-3,561.62%	0.00%	36.22%	1,585.37%	745.88%	1,448.11%	-354.31%	190.36%	-4,073.12%
Free Cash Flow to Firm to Interest Expense	71.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	139.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	137.26	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.97	0.62	0.98	1.23	1.43	1.15	1.26	1.32	1.66	1.25
Accounts Receivable Turnover	0.00	4.52	3.42	4.10	6.45	6.42	5.54	5.10	6.46	4.88	5.12
Inventory Turnover	0.00	2.28	1.17	2.67	3.48	3.99	2.32	3.20	3.11	6.83	3.15
Fixed Asset Turnover	0.00	109.16	87.97	154.31	180.04	167.23	158.88	163.21	162.58	191.93	156.26
Accounts Payable Turnover	0.00	5.44	2.63	6.29	9.89	11.22	5.11	6.20	7.72	9.39	10.44
Days Sales Outstanding (DSO)	0.00	80.71	106.63	88.92	56.61	56.88	65.84	71.63	56.47	74.73	71.30
Days Inventory Outstanding (DIO)	0.00	160.22	312.21	136.82	105.02	91.41	157.34	114.10	117.21	53.41	116.04
Days Payable Outstanding (DPO)	0.00	67.05	138.62	58.00	36.91	32.53	71.41	58.85	47.27	38.87	34.95
Cash Conversion Cycle (CCC)	0.00	173.88	280.22	167.74	124.72	115.76	151.76	126.88	126.40	89.28	152.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-84	99	166	215	186	154	137	72	102	143	287
Invested Capital Turnover	0.00	12.09	16.10	15.76	38.68	17.51	14.99	15.31	14.88	18.18	11.89
Increase / (Decrease) in Invested Capital	-84	0.00	166	215	270	55	-28	-142	-85	-11	149
Enterprise Value (EV)	1,094	2,186	2,739	3,353	4,472	3,823	3,945	2,757	2,791	3,770	2,753
Market Capitalization	1,634	2,523	2,992	3,539	4,676	4,071	4,224	3,097	3,111	4,099	2,876
Book Value per Share	$0.00	$2.52	$2.41	$2.31	$2.24	$2.27	$3.43	$2.31	$2.35	$2.62	$2.26
Tangible Book Value per Share	($0.46)	$2.08	$1.97	$1.88	$1.77	$1.81	$2.74	$1.85	$1.87	$2.13	$1.79
Total Capital	671	629	620	590	595	607	591	591	592	637	918
Total Debt	0.00	0.00	21	22	50	51	52	59	54	30	389
Total Long-Term Debt	0.00	0.00	21	22	50	28	0.00	0.00	0.00	0.00	389
Net Debt	-752	-530	-431	-351	-357	-402	-402	-459	-437	-464	-243
Capital Expenditures (CapEx)	1.40	5.26	2.50	-1.41	8.07	3.06	2.60	4.90	5.95	5.53	5.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-195	-38	32	91	29	19	12	-110	-57	-43	91
Debt-free Net Working Capital (DFNWC)	557	492	484	463	435	472	465	409	433	452	722
Net Working Capital (NWC)	557	492	484	463	435	449	414	350	379	422	722
Net Nonoperating Expense (NNE)	18	20	2.47	12	8.01	0.33	4.58	1.96	-0.15	-7.16	19
Net Nonoperating Obligations (NNO)	-755	-530	-433	-353	-359	-402	-402	-459	-437	-464	-243
Total Depreciation and Amortization (D&A)	2.18	2.44	2.65	2.90	2.65	3.38	3.57	3.44	4.81	5.76	5.30
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-3.17%	2.39%	5.38%	1.47%	0.86%	0.52%	-5.00%	-2.67%	-1.59%	3.59%
Debt-free Net Working Capital to Revenue	0.00%	41.05%	36.26%	27.43%	21.91%	21.27%	20.48%	18.61%	20.20%	16.75%	28.65%
Net Working Capital to Revenue	0.00%	41.05%	36.26%	27.43%	21.91%	20.26%	18.21%	15.92%	17.69%	15.62%	28.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.35)	($0.27)	($0.21)	($0.21)	($0.20)	$0.02	($0.14)	($0.07)	$0.01	$0.38	($0.32)
Adjusted Weighted Average Basic Shares Outstanding	55.63M	69.71M	115.39M	116.27M	117.46M	116.45M	121.11M	126.84M	127.91M	126.18M	129.48M
Adjusted Diluted Earnings per Share	($0.35)	($0.27)	($0.21)	($0.21)	($0.20)	$0.02	($0.14)	($0.07)	$0.00	$0.34	($0.32)
Adjusted Weighted Average Diluted Shares Outstanding	55.63M	69.71M	115.39M	116.27M	117.46M	116.45M	121.11M	126.84M	184.22M	184.03M	129.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	172.89M	174.45M	174.77M	175.52M	177.09M	177.89M	178.63M	179.40M	180.49M	181.12M	181.55M
Normalized Net Operating Profit after Tax (NOPAT)	-43	-36	-35	-26	-27	8.54	-21	-11	3.20	61	-38
Normalized NOPAT Margin	-17.87%	-8.22%	-11.18%	-3.67%	-5.04%	1.27%	-5.76%	-1.75%	0.66%	4.93%	-20.13%
Pre Tax Income Margin	-25.86%	-12.29%	-12.18%	-5.37%	-6.78%	1.70%	-7.36%	-2.33%	1.10%	6.16%	-31.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-106.87	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-74.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-109.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-77.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4.18%	0.00%	0.00%	12.82%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-2.47%	-2.77%	0.00%	0.00%	-4.18%	-3.76%	0.00%	12.82%	0.00%

Frequently Asked Questions About Fluence Energy's Financials

When does Fluence Energy's financial year end?

According to the most recent income statement we have on file, Fluence Energy's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Fluence Energy's net income changed over the last 2 years?

Fluence Energy's net income appears to be on a downward trend, with a most recent value of $30.37 million in 2024, falling from -$289.18 million in 2022. The previous period was -$104.82 million in 2023.

What is Fluence Energy's operating income?

Fluence Energy's total operating income in 2024 was $26.62 million, based on the following breakdown:

Total Gross Profit: $341.08 million
Total Operating Expenses: $314.46 million

How has Fluence Energy revenue changed over the last 2 years?

Over the last 2 years, Fluence Energy's total revenue changed from $1.20 billion in 2022 to $2.70 billion in 2024, a change of 125.1%.

How much debt does Fluence Energy have?

Fluence Energy's total liabilities were at $1.30 billion at the end of 2024, a 62.7% increase from 2023, and a 16.0% increase since 2022.

How much cash does Fluence Energy have?

In the past 2 years, Fluence Energy's cash and equivalents has ranged from $345.90 million in 2023 to $448.69 million in 2024, and is currently $448.69 million as of their latest financial filing in 2024.

How has Fluence Energy's book value per share changed over the last 2 years?

Over the last 2 years, Fluence Energy's book value per share changed from 2.52 in 2022 to 2.62 in 2024, a change of 3.8%.

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This page (NASDAQ:FLNC) was last updated on 4/15/2025 by MarketBeat.com Staff

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Fluence Energy (FLNC) Financials

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Fluence Energy (FLNC) Financials

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