# Fluence Energy, Inc. (FLNC)

**Exchange:** NASDAQ  
**Sector:** Utilities  
**Market cap:** $2.82B  
**Price:** $21.62 (-7.84%)

> Fluence Energy, Inc. is a provider of grid-scale energy storage systems and related digital solutions serving utilities, developers, and large energy users globally. The company designs and delivers modular storage platforms such as Smartstack, Gridstack Pro, Gridstack, and Ultrastack, which are engineered for applications ranging from renewable integration and capacity support to grid stability and ancillary services. Fluence Energy pairs its hardware with artificial intelligence-enabled software and Software-as-a-Service offerings that optimize the performance and economic value of renewable and storage assets across portfolios. Its service offering includes recurring operations and maintenance, warranties, performance guarantees, and active system management support tailored to customer capabilities and risk profiles. Headquartered in Arlington, Virginia and founded in 2021, Fluence Energy operates across the Americas, Asia-Pacific, and EMEA regions, with a significant portion of its business in the Americas. The company plays a notable role in modern power markets by helping grid operators and asset owners enhance reliability, flexibility, and utilization of renewable generation and battery storage.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.26B | $296M | — | -$48M | — |
| 2024 | $2.70B | $341M | — | $23M | — |
| 2023 | $2.22B | $141M | — | -$70M | — |
| 2022 | $1.20B | -$62M | — | -$104M | — |
| 2021 | $681M | -$69M | — | — | — |
| 2020 | $561M | $8M | — | — | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.36B | $1.81B | $430M | $691M | — |
| 2024 | $1.90B | $1.30B | $472M | $449M | — |
| 2023 | $1.35B | $796M | $402M | $346M | $28M |
| 2022 | $1.75B | $1.12B | $436M | $357M | — |
| 2021 | $718M | $774M | -$173M | $37M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$146M | $15M | -$160M |
| 2024 | $80M | $8M | $72M |
| 2023 | -$112M | $3M | -$115M |
| 2022 | -$282M | $8M | -$290M |
| 2021 | -$265M | $4M | -$270M |
| 2020 | -$14M | $2M | -$16M |

Source: [CompaniesByCap](https://companiesbycap.com/company/FLNC)