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Fluence Energy, Inc.

FLNCUtilitiesNASDAQ

Utilities - Renewable · Last scanned May 30, 2026

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Financials · Annual
Revenue
$2.26B
-16.1% YoY
Net Income
-$48.3M
-312.7% YoY
EBITDA
-$17.0M
-141.3% YoY
Free Cash Flow
-$133.7M

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About Fluence Energy, Inc.

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,. With a market capitalization of $3.48B, it sits in mid-cap territory. It sells energy storage products with integrated hardware, software, and digital intelligence.

Key stats
Market Cap$3.48B
Fwd P/E146.37
EPS$-0.31
Beta2.62
52W Change+325.2%
ROE-12.7%
Analysis

The company holds $387.3M in cash, though total debt stands at $402.0M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$133.7M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -12.7%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $1.20B (2022) to $2.26B (2025), reflecting a 89% increase over the period.

With a beta above 1.5, FLNC tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing FLNC's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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