FLNCNasdaqMiscellaneous Electrical Machinery, Equipment & SuppliesFiscal year ends September 30
Fluence Energy, Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$5.86+0.06 (+1.03%)
Close on Oct 19, 2026
- Market cap
- $809.44M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
13.1%+11.7 pts over 5 years
Net margin
-2.1%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -16.1% | +23.6% | +32.2% | – | |
| Gross profit | -13.3% | – | +106.3% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -10.7% | |
| Return on assets | – | – | -2.3% | |
| Current ratio | – | – | 1.51 | |
| Debt to equity | – | – | – | |
| Inventory turnover | – | – | 6.2× | |
| Capex to revenue | – | 0.3% | 0.7% | |
| Diluted shares | – | – | 130M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Fluence Energy generated $884.80M from operations and spent $46.01M on capital expenditure, dividends and share buybacks. 83% of that went back into the business.
Generated
$884.80M
Used
$46.01M
Capital expenditure$38.21M83%Dividends$00%Share buybacks$7.80M17%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2.1%
×Asset turnover1.06×
×Equity multiplier4.72×
=Return on equity, FY2025-10.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.1% | 1.06× | 4.72× | -10.7% |
| FY2024 | 0.8% | 1.66× | 3.72× | 5.2% |
| FY2023 | -3.1% | 1.43× | 3.70× | -16.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$48.31M
- Cash generatingOperating cash flow above zero-$145.54M
- Return on assets improvedROA up on the prior year1.7% → -2.5%
- Earnings backed by cashOperating cash flow above net income-$145.54M vs -$48.31M
- Less leverageLong-term debt to assets fell0.0% → –
- Better liquidityCurrent ratio rose1.33 → 1.51
- No dilutionShare count did not rise184M → 130M
- Gross margin improvedGross margin up on the prior year12.64% → 13.07%
- More efficientAsset turnover rose2.00 → 1.19