Energy storage technology company providing grid-scale battery systems, software, and services for utilities and renewable developers.
Profile & Fundamentals
Fluence Energy: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Fluence Energy Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Fluence Energy, Inc., through its subsidiaries, provides energy storage and optimization software for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It sells energy storage products with integrated hardware, software, and digital intelligence. The company's energy storage products include Gridstack Pro, a large-scale front-of-the-meter application; Gridstack, a front-of-the-meter application; Ultrastack for critical system requirements of distribution and transmission networks; Smartstack, a split architecture design, incorporating embedded intelligence and higher energy density compared to traditional AC systems. The company also provides operational and maintenance services; and digital applications. It serves independent power producers, developers, conglomerates, utilities/load-serving entities, and commercial and industrial customers. Fluence Energy, Inc. was founded in 2018 and is headquartered in Arlington, Virginia.
Company profile record
Fluence Energy Inc
Common Stock · Industrials · Electrical Components & Equipment
Company
- Company / asset
- Fluence Energy Inc
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Electrical Components & Equipment
- HQ
- 🇺🇸 United States
- Head office
- 2107 Wilson Boulevard, Arlington, VA, United States, 22201
Leadership & scale
- Chief executive
- Mr. Julian Jose Nebreda Marquez
- CEO year born
- 1967
- Full-time employees
- 1.7K
- Fiscal year end
- September
- IPO date
- 2021-10-28
Fundamentals snapshot
- Market Cap
- USD 1.1B
- P/E
- --
- Revenue (Q2 26)
- USD 649.8M
- Profit (Q2 26)
- USD -32.8M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 2.3B
- Shares in public float
- 89M
- Insider ownership
- 14.43%
Reporting & identifiers
- Symbol
- FLNC.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US34379V1035
- Asset ID
- equity_00879a02-14cb-52c5-be0d-4857fbc0f4e1
Ownership
Shares Outstanding
Latest: 138.1M | Max: 138.1M | Min: 49.5M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
64.40%
89.0M latest reported shares
Insider Ownership
14.43%
Latest reported insider stake
Short Float
0.37%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
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| Reporting date | Shares outstanding |
|---|---|
| 2019-01-01 | 117,000,000 |
| 2020-01-01 | 49,493,300 |
| 2021-01-01 | 54,143,300 |
| 2022-01-01 | 115,393,400 |
| 2023-01-01 | 121,113,300 |
| 2024-01-01 | 129,482,700 |
| 2025-01-01 | 131,522,200 |
| 2026-01-01 | 138,129,100 |
Top Holders
Available reported ownership records.
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| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Siemens Pension Trust E V | 21,694,717 | 15.15% | 2026-06-30 |
| Siemens AG | 19,738,064 | 13.79% | 2026-06-30 |
| BlackRock Inc | 5,517,433 | 3.85% | 2026-03-31 |
| Two Sigma Investments LLC | 5,338,779 | 3.73% | 2026-06-30 |
| D. E. Shaw & Co LP | 3,194,735 | 2.23% | 2026-06-30 |
| Bank of America Corp | 3,085,730 | 2.16% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 2,985,503 | 2.09% | 2026-03-31 |
| Vanguard Capital Management, LLC | 2,854,689 | 1.99% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 2,530,978 | 1.77% | 2026-08-31 |
| Connor Clark & Lunn Inv Mgmt Ltd | 2,493,411 | 1.74% | 2026-03-31 |
| iShares Russell 2000 ETF | 2,258,958 | 1.58% | 2026-08-31 |
| First Trust Advisors L.P. | 2,221,247 | 1.55% | 2026-06-30 |
| State Street Corp | 2,163,457 | 1.51% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 2,131,277 | 1.49% | 2026-03-31 |
| L&G Battery Value-Chain ETF | 1,892,610 | 1.32% | 2026-08-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Fluence's recent financial statements show expanding customer orders paired with severe operational losses. For the trailing twelve months ended June 30, 2026, revenue reached $2.63 billion, yet operating losses widened to $107 million. Severe assembly bottlenecks at its Houston contract manufacturing partner forced management to lower fiscal 2026 revenue guidance to approximately $2.4 billion and project an adjusted EBITDA deficit of $200 million. This shortfall stems from factory execution delays rather than canceled contracts. Commercial demand remains exceptionally robust, evidenced by a committed order backlog exceeding six billion dollars. The central financial challenge is completing delayed battery enclosures so inventory converts into billable cash.
Fluence's recent financial statements show expanding customer orders paired with severe operational losses. For the trailing twelve months ended June 30, 2026, revenue reached $2.63 billion, yet operating losses widened to $107 million. Severe assembly bottlenecks at its Houston contract manufacturing partner forced management to lower fiscal 2026 revenue guidance to approximately $2.4 billion and project an adjusted EBITDA deficit of $200 million. This shortfall stems from factory execution delays rather than canceled contracts. Commercial demand remains exceptionally robust, evidenced by a committed order backlog exceeding six billion dollars. The central financial challenge is completing delayed battery enclosures so inventory converts into billable cash.
Revenue, Net Income, and Free Cash Flow
Latest: USD 2.3B | Max: USD 2.7B | Min: USD -290.3M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: >100x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Gross profit margins collapsed from 14.8% in the third quarter of fiscal 2025 to 5.1% in the third quarter of fiscal 2026. This sudden margin drop was triggered by unabsorbed factory overhead, assembly rework costs, and contractual delivery penalties tied to delayed Houston shipments. This margin compression reflects temporary manufacturing friction rather than a permanent loss of customer pricing power. Long-term margin rehabilitation requires stabilizing assembly throughput to eliminate penalty fees and expanding high-margin asset optimization software, which carries gross margins well above fifty percent.
Gross profit margins collapsed from 14.8% in the third quarter of fiscal 2025 to 5.1% in the third quarter of fiscal 2026. This sudden margin drop was triggered by unabsorbed factory overhead, assembly rework costs, and contractual delivery penalties tied to delayed Houston shipments. This margin compression reflects temporary manufacturing friction rather than a permanent loss of customer pricing power. Long-term margin rehabilitation requires stabilizing assembly throughput to eliminate penalty fees and expanding high-margin asset optimization software, which carries gross margins well above fifty percent.
Profitability Margins
Latest: 13.1% | Max: 13.1% | Min: -53.8%
Latest Profitability Ratios as of 2025-09-30
Gross Margin
13.1%
Gross profit / revenue
Operating Margin
-2.0%
Operating income / revenue
Net Margin
-2.1%
Net income / revenue
FCF Margin
-7.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2019-09-30 | 92,151,000 | -46,981,000 | 24,946,000 |
| 2020-09-30 | 561,323,000 | -46,710,000 | -15,796,000 |
| 2021-09-30 | 680,766,000 | -162,003,000 | -269,561,000 |
| 2022-09-30 | 1,198,603,000 | -104,485,000 | -290,319,000 |
| 2023-09-30 | 2,217,978,000 | -69,620,000 | -124,151,000 |
| 2024-09-30 | 2,698,562,000 | 22,716,000 | 60,710,000 |
| 2025-09-30 | 2,262,830,000 | -48,314,000 | -175,337,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2024-09-30 | 129.45 | Trailing four quarters |
Profitability Margins
Matching annual reporting dates. Values are percentages.
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| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2019-09-30 | -8.59 | -53.82 | -50.98 | 27.07 |
| 2020-09-30 | 1.41 | -7.27 | -8.32 | -2.81 |
| 2021-09-30 | -10.16 | -23.28 | -23.8 | -39.6 |
| 2022-09-30 | -5.2 | -23.06 | -8.72 | -24.22 |
| 2023-09-30 | 6.36 | -5.08 | -3.14 | -5.6 |
| 2024-09-30 | 12.64 | 0.99 | 0.84 | 2.25 |
| 2025-09-30 | 13.07 | -2.05 | -2.14 | -7.75 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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