FLNC on Nasdaq

Fluence Energy, Inc.

Miscellaneous electrical machinery company, listed on Nasdaq (FLNC). Summary from the record

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Last updated Oct 19, 2026.

Overview

$2.3BRevenue, fiscal 20252
-$48.3MNet income, fiscal 20252

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  • TickerFLNC on Nasdaq1
  • IndustryMiscellaneous Electrical Machinery, Equipment & Supplies1
  • HeadquartersArlington, Virginia1
  • Business address2107 Wilson Boulevard, Suite 900, Arlington, Va 222013
  • Filer categoryAccelerated filer3

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Fluence Energy, Inc., a Delaware corporation (the “Company”), was initially formed on June 21, 2021 and completed its initial public offering (the “IPO”) on November 1, 2021. We conduct our business operations through Fluence Energy, LLC and its direct and indirect subsidiaries. Fluence Energy, LLC was formed on June 30, 2017 as a joint venture between Siemens Industry, Inc. (“Siemens Industry”), an indirect subsidiary of Siemens AG (“Siemens”), and AES Grid Stability, LLC (“AES Grid Stability”), an indirect subsidiary of The AES Corporation (“AES”), and commenced operations on January 1, 2018. We refer to Siemens Industry and AES Grid Stability as the “Founders” in this Annual Report and together with Qatar Holding LLC (“QHL”), an affiliate of the Qatar Investment Authority (“QIA”), they are collectively referred to as the “Continuing Equity Owners.” As the sole managing member of Fluen…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

13.1%Gross margin2
-2.1%Net margin2
-16.1%Revenue growth, 20252
-11.2%Return on equity2
-$160.4MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 96% of the revenue Fluence Energy, Inc. broke down this way in fiscal 2025.

  1. Product$2.2B296%down 18% from 2024
  2. Service$84.4M24%up 86% from 2024
  3. Digital Applications$6.0M20%up 16% from 2024
Products and services by year
Products and services202320242025
Product$2.2B$2.6B$2.2B
Service$16.0M$45.4M$84.4M
Digital Applications$4.4M$5.2M$6.0M

Regions

Americas brought in 42% of the revenue Fluence Energy, Inc. broke down this way in fiscal 2025.

  1. Americas$1.3B242%down 18% from 2024
  2. United States$877.3M228%down 39% from 2024
  3. EMEA$608.3M219%up 16% from 2024
  4. Asia Pacific$348.6M211%down 40% from 2024
Regions by year
Regions202320242025
Americas$1.6B$1.6B$1.3B
United States$1.5B$1.4B$877.3M
EMEA$306.8M$526.3M$608.3M
Asia Pacific$266.1M$579.3M$348.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue87¢$2.0B
  • Research and development4¢$86.2M
  • Other costs8¢$186.7M
  • Income tax1¢$22.9M

Out of $2.3B in revenue.2 The company lost money this year.

Financial statements

Revenue5672$2.3B in 2025+303% since 2020
0$1.0B$2.0B$3.0B2020: $561.3M$561.3M20202021: $680.8M$680.8M2021+21%2022: $1.2B$1.2B2022+76%2023: $2.2B$2.2B2023+85%2024: $2.7B$2.7B2024+22%2025: $2.3B$2.3B2025−16%
Gross profit5672$295.8M in 2025+3633% since 2020
-$200.0M0$200.0M$400.0M2020: $7.9M$7.9M20202021: -$69.1M-$69.1M20212022: -$62.4M-$62.4M2022−10%2023: $141.0M$141.0M20232024: $341.1M$341.1M2024+142%2025: $295.8M$295.8M2025−13%
Net income5672-$48.3M in 2025+3% since 2020
-$200.0M-$150.0M-$100.0M-$50.0M0$50.0M2020: -$46.7M-$46.7M20202021: -$162.0M-$162.0M2021+247%2022: -$104.5M-$104.5M2022−36%2023: -$69.6M-$69.6M2023−33%2024: $22.7M$22.7M20242025: -$48.3M-$48.3M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-09-302024-09-302023-09-30
Total revenue$2.3B$2.7B$2.2B
Cost of goods and services$2.0B$2.4B$2.1B
Gross profit$295.8M$341.1M$141.0M
Research and development$86.2M$66.2M$66.3M
Sales and marketing$79.5M$63.8M$41.1M
General and administrative$163.1M$173.0M$136.3M
Depreciation and amortization$13.3M$11.4M$9.8M
Interest expense (income), net$4.1M-$5.7M-$5.4M
Other income, net-$5.4M-$7.3M-$7.0M
(Loss) income before income taxes-$45.1M$39.6M-$100.3M
Income tax expense$22.9M$9.2M$4.5M
Net (loss) income-$68.0M$30.4M-$104.8M
Net (loss) income attributable to non-controlling interest-$19.7M$7.7M-$35.2M
Net (loss) income attributable to Fluence Energy, Inc.-$48.3M$22.7M-$69.6M
Basic (in shares)130.3M shares126.2M shares116.4M shares
Diluted (in shares)130.3M shares184.0M shares116.4M shares
Basic (in usd per share)-$0.37$0.18-$0.60
Diluted (in usd per share)-$0.37$0.13-$0.60

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Leadership

Who has led Fluence Energy, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Manuel Perez Dubuc2021–2022
  2. Julian Nebreda2022–now

President

  1. Julian Nebreda2022–now

Chief financial officer

  1. Dennis Fehr2021–2022
  2. Manavendra Sial2022–2023
  3. Ahmed Pasha2024–now

Chief operating officer

  1. Santos Bernerd Da2026–now
2025
Board members and other officers (28)

Timeline

  1. Sep 2, 2022New chief executive Julian Nebreda becomes CEO11
  2. Oct 28, 2021New chief executive Manuel Perez Dubuc becomes CEO12

Filings

345 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 60 major events, 188 insider forms, 19 large holders, 57 other. The latest 20:

  1. Oct 9, 20268-K EDGAR
  2. Sep 22, 20264 EDGAR
  3. Sep 22, 20264 EDGAR
  4. Sep 21, 20263 EDGAR
  5. Sep 21, 20263 EDGAR
  6. Sep 16, 20268-K EDGAR
  7. Sep 8, 20263 EDGAR
  8. Sep 1, 20268-K 8-K - 2026 NEW DIRECTOR EDGAR
  9. Aug 10, 2026SCHEDULE 13G/A EDGAR
  10. Aug 5, 202610-Q EDGAR
  11. Aug 5, 20268-K EDGAR
  12. Jul 21, 20264 EDGAR
  13. Jul 8, 20264 EDGAR
  14. Jun 26, 20264/A EDGAR
  15. Jun 24, 20264 EDGAR
  16. Jun 22, 2026144 EDGAR
  17. Jun 22, 2026144 EDGAR
  18. Jun 22, 2026144 EDGAR
  19. Jun 16, 20264 EDGAR
  20. Jun 15, 2026144 EDGAR

The 345 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

53 open-market trades by officers, directors and large owners since October 2021: 32 buys and 21 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 21, 2026BULLS HERMAN EDirectorBuy10,000$7.36$73.6KForm 4
Sep 21, 2026von Heynitz HaraldDirectorBuy7,000$7.36$51.5KForm 4
Jun 23, 2026Zahurancik JohnSVP & CCSOSale15,974$22.03$351.9KForm 4
Jun 23, 2026Zahurancik JohnSVP & CCSOSale15,974$22.03$351.9KForm 4
Jun 22, 2026Zahurancik JohnSVP & CCSOSale16,000$25.18$402.9KForm 4
Jun 22, 2026Zahurancik JohnSVP & CCSOSale16,000$25.18$402.9KForm 4
Jun 15, 2026von Heynitz HaraldDirectorSale5,000$25.00$125.0KForm 4
May 15, 2026Qatar Investment Authority10% ownerSale2,867,172$21.00$60.2MForm 4
May 15, 2026SIEMENS PENSION TRUST E V10% ownerSale10,066,414$20.53$206.7MForm 4
May 15, 2026AES Grid Stability, LLC10% ownerSale10,066,414$21.00$211.4MForm 4
Mar 18, 2026von Heynitz HaraldDirectorSale10,000$16.50$165.0KForm 4
May 12, 2025Arnold Cynthia ADirectorBuy33,000$5.90$194.7KForm 4
Mar 14, 2025Nebreda JulianPresident and CEOBuy9,450$5.26$49.7KForm 4
Mar 5, 2025BULLS HERMAN EDirectorBuy10,000$5.41$54.1KForm 4
Feb 18, 2025von Heynitz HaraldDirectorBuy7,000$6.99$48.9KForm 4
Feb 14, 2025Fessenden Elizabeth AnneDirectorBuy1,700$6.43$10.9KForm 4
Feb 14, 2025Pasha AhmedSVP & Chief Financial OfficerBuy15,500$6.48$100.4KForm 4
Feb 13, 2025Nebreda JulianPresident and CEOBuy23,500$6.35$149.2KForm 4
Feb 13, 2025BULLS HERMAN EDirectorBuy30,000$6.53$195.9KForm 4
Feb 13, 2025Arnold Cynthia ADirectorBuy10,000$6.56$65.6KForm 4

All 53 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Siemens Pension Trust E V21,694,717$431.3M100.0%−10,066,414
Siemens Ag19,738,064$392.4M79.5%No change
BlackRock, Inc.7,409,061$147.3M0.0%+1,891,628
Two Sigma Investments, LP5,338,779$106.1M0.1%−356,487
Vanguard Portfolio Management LLC3,656,312$72.7M0.0%+670,809
Vanguard Capital Management LLC3,589,624$71.4M0.0%+734,935
Driehaus Capital Management LLC3,575,964$71.1M0.4%New
Morgan Stanley3,201,307$63.6M0.0%+1,070,030
D. E. Shaw & Co., Inc.3,194,735$63.5M0.0%−2,850,303
State Street Corp2,627,213$52.2M0.0%+463,756
Geode Capital Management, LLC2,266,730$45.1M0.0%+514,711
First Trust Advisors LP2,221,247$44.2M0.0%+1,089,779
Fmr LLC2,147,505$42.7M0.0%+519,723
Legal & General Group Plc1,978,812$39.3M0.0%+1,237,528
Connor, Clark & Lunn Investment Management Ltd.1,764,349$35.1M0.1%−729,062
Goldman Sachs Group Inc1,676,612$33.3M0.0%+133,730
Goodlander Investment Management, LLC1,500,000$29.8M9.0%New
Bnp Paribas Financial Markets1,439,998$28.6M0.0%+91,205
UBS Group AG1,315,427$26.2M0.0%+71,532
Point72 Asset Management, L.P.1,301,799$25.9M0.0%+777,258
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,206,170$23.2M0.0%+664,335
Deutsche Bank Ag\1,086,118$21.6M0.0%+1,015,845
Federated Hermes, Inc.928,435$18.5M0.0%+196,314
Kingdon Capital Management, L.l.c.900,000$17.9M2.4%New
Barclays PLC826,865$16.4M0.0%+158,627

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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