Dashboard|FLNC – Overview

FLNC

Fluence Energy, Inc.

Technology • CIK: 0001868941

Market Cap

—

P/E (TTM)

—

Rev Growth (TTM)

—

Net Margin (TTM)

1.2%

FCF Yield (TTM)

—

FCF Margin (TTM)

0.0%

LATEST EARNINGS

•

Q1 FY2026

•

30 days ago

•View source

Revenue

$475.23M

+154.4%

Net Income

$-62.59M

-9.8%

EPS

$-0.34

-6.3%

Gross

4.9%↓ -6.5%

Net

-13.2%↑ +17.4%

•Revenue increased by approximately 154.4% to $475.2 million compared to the same quarter last year.
•Signed over $750 million of order intake during the first quarter, bringing backlog to a record $5.5 billion as of December 31, 2025.
•Total cash of approximately $477.8 million as of December 31, 2025, with total liquidity of approximately $1.1 billion.
•Pipeline has grown by approximately 30% to $30 billion since September 2025.

View Full Earnings →

Cash Flow Health

Free Cash Flow2/8 positive

TTM$0

Q4 '25

$261M+266%

Q3 '25

$-157M

FCF Margin

TTM0.0%

Q4 '2525.0%+196%

Sector: 10.0%Below Avg

OCF Margin–

OCF/NI–

CapEx Coverage–

FCF Yield–

FCF Growth (2Y)–

Cash Conversion Cycle

33 days

DSO: 20+DIO: 55−DPO: 43

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Total Shareholder Yield

TTM0.0%

Div Yield0.0%

Insufficient data

Dividend & Payout Metrics

Dividend Yield (TTM)0.0%

Free Cash Flow (TTM)$0

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

-169.4%

P25MedianP75

25th pctl (med: 0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

5.0%

Asset Turnover

1.60x

Leverage (1+D/E)

1.00x

D/E: 0.00x

DuPont: 8.0% ≈ -169.4% ROIC

Asset & CapEx Efficiency

Fixed Asset Turn

157.85x

8Q:–

Invested Cap Turn

-33.76x

8Q:–

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 6 quarters + TTM

Metric	TTM	Q4 2025	Q3 2025	Q 2025	Q4 2024	Q3 2024	Q 2024
Revenue	$3.3B	$1.0B↑72.9%	$602.5M↑39.6%	$431.6M↓64.9%	$1.2B↑154.1%	$483.3M↓22.4%	$623.1M
Operating Income	$260.8M	$52.4M↑583.7%	$7.7M↑118.2%	$-42.1M↓159.8%	$70.5M↑760.2%	$8.2M↑162.5%	$-13.1M
Net Income	$41.0M	$17.9M↑187.0%	$6.3M↑120.1%	$-31.0M↓164.9%	$47.8M↑5994.6%	$785.0K↑108.6%	$-9.2M
Operating Cash Flow	N/A	$265.7M↑272.7%	$-153.9M↓1561.3%	$10.5M↑149.9%	$-21.1M	N/A	N/A
Free Cash Flow	$0	$260.9M↑265.7%	$-157.4M	$0↓100.0%	$7.3M↑130.9%	$-23.5M	$0
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Price-to-EarningsTTM

–

Valuation Lenses

Earnings

–

vs – sector

Cash Flow

0.0x

EV/FCF vs –

Growth-Adj

–PEG

N/A

Quality-Adj

–P/E per %ROIC

ROIC: -169.4%

Shareholder Returns

Dividend

–

Buyback

–

Total Yield

–

Market Cap$0

EV–

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

-400/100

Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg

9.5%

8Q:–

Return on Invested Capital (ROIC)Below Avg

-1.7%

8Q:–

vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 5.0%

Asset Turnover: 1.60x

Earnings Quality

Cash Conversion

–

OCF / Net Income

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin13.1%

Capital Efficiency

Invested Capital Turnover-33.76x

Working Capital

Cash Conversion Cycle33 days

Growth Quality & Momentum

Growth Rates

Revenue Growth YoY

N/A

OpInc Growth YoY

539.7%

EPS Growth YoY

N/A

FCF 3Y CAGR

N/A

Margin Quality & Sustainability

Low Quality

Profitability Cascade

Gross

13.1%

Operating

7.9%

Above Avg in sector

Net

1.2%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

-1.2 pts

FCF: 0.0% | Net: 1.2%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress

Net Debt / EBITDA

Net Cash

(0.0x)Net Cash: $714.63M

Interest Coverage

–

+Net cash position: $714.63M

Leverage Metrics

Debt-to-Equity

0.00x

Balance sheet risk & solvency analysis