Quarterly
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||
current assets: | |||||||||||||||
cash and cash equivalents | 436,322,000 | 568,622,000 | 607,356,000 | 448,685,000 | 388,242,000 | 411,798,000 | 317,614,000 | 345,896,000 | 297,709,000 | 194,357,000 | 286,735,000 | 357,296,000 | 676,951,000 | 651,948,000 | 632,143,000 |
restricted cash | 23,566,000 | 18,724,000 | 24,384,000 | 46,089,000 | 101,988,000 | 106,605,000 | 135,864,000 | 106,835,000 | 108,387,000 | 108,224,000 | 55,233,000 | 62,425,000 | 75,093,000 | 70,740,000 | |
trade receivables | 152,557,000 | 148,964,000 | 146,956,000 | 216,458,000 | 93,497,000 | 86,798,000 | 172,021,000 | 103,397,000 | 153,156,000 | 337,535,000 | 108,591,000 | 86,770,000 | |||
unbilled receivables | 151,361,000 | 112,994,000 | 156,076,000 | 172,115,000 | 96,002,000 | 132,955,000 | 182,232,000 | 192,064,000 | 160,596,000 | 152,774,000 | 224,484,000 | 138,525,000 | 101,139,000 | 81,300,000 | 86,933,000 |
receivables from related parties | 158,376,000 | 233,837,000 | 252,302,000 | 362,523,000 | 100,945,000 | 63,639,000 | 75,427,000 | 58,514,000 | 58,971,000 | 88,385,000 | 56,678,000 | 112,027,000 | 49,318,000 | 37,034,000 | 48,388,000 |
advances to suppliers | 214,055,000 | 181,189,000 | 175,485,000 | 174,532,000 | 155,648,000 | 110,759,000 | 112,570,000 | 107,947,000 | 70,507,000 | 65,966,000 | 55,191,000 | 54,765,000 | 62,197,000 | 49,270,000 | 40,586,000 |
inventory | 654,301,000 | 698,277,000 | 543,415,000 | 182,601,000 | 469,934,000 | 309,059,000 | 564,466,000 | 224,903,000 | 513,551,000 | 763,215,000 | 1,083,607,000 | 652,735,000 | 453,713,000 | 351,985,000 | 442,356,000 |
current portion of notes receivable - pledged as collateral | 30,921,000 | 55,251,000 | 55,251,000 | 55,251,000 | 24,330,000 | ||||||||||
other current assets | 59,158,000 | 68,714,000 | 77,654,000 | 46,519,000 | 42,453,000 | 45,867,000 | 50,054,000 | 31,074,000 | 26,592,000 | 27,922,000 | 29,747,000 | 26,635,000 | 39,140,000 | 47,409,000 | 74,793,000 |
total current assets | 1,849,696,000 | 2,031,321,000 | 1,983,628,000 | 1,680,443,000 | 1,503,960,000 | 1,322,731,000 | 1,665,499,000 | 1,194,960,000 | 1,389,469,000 | 1,808,401,000 | 2,010,128,000 | 1,601,533,000 | 1,550,747,000 | 1,415,920,000 | 1,381,335,000 |
non-current assets: | |||||||||||||||
property and equipment | 46,321,000 | 19,914,000 | 18,845,000 | 15,350,000 | 13,586,000 | 13,512,000 | 13,427,000 | 12,771,000 | 12,781,000 | 13,403,000 | 15,167,000 | 13,755,000 | 9,292,000 | 8,496,000 | 8,567,000 |
intangible assets | 62,273,000 | 59,428,000 | 58,589,000 | 60,002,000 | 58,628,000 | 57,172,000 | 56,780,000 | 55,752,000 | 55,438,000 | 49,676,000 | 51,482,000 | 51,696,000 | 53,496,000 | 34,439,000 | 35,145,000 |
goodwill | 28,665,000 | 26,603,000 | 26,199,000 | 27,482,000 | 26,337,000 | 26,266,000 | 27,535,000 | 26,020,000 | 26,286,000 | 25,944,000 | 25,816,000 | 24,851,000 | 25,214,000 | 9,168,000 | 9,167,000 |
deferred income tax asset | 2,525,000 | 7,621,000 | 8,076,000 | 8,880,000 | 85,000 | 85,000 | 86,000 | 86,000 | 2,571,000 | 2,571,000 | 2,571,000 | 3,028,000 | 1,184,000 | 1,184,000 | 1,184,000 |
other non-current assets | 85,670,000 | 128,259,000 | 118,640,000 | 110,031,000 | 87,357,000 | 110,077,000 | 52,167,000 | 31,639,000 | 17,292,000 | 17,777,000 | 17,839,000 | 36,820,000 | 12,349,000 | 2,525,000 | 47,256,000 |
total non-current assets | 225,454,000 | 241,825,000 | 230,349,000 | 221,745,000 | 185,993,000 | 207,112,000 | 149,995,000 | 157,189,000 | 175,269,000 | 139,186,000 | 141,799,000 | 144,121,000 | 121,828,000 | 85,016,000 | 101,319,000 |
total assets | 2,075,150,000 | 2,273,146,000 | 2,213,977,000 | 1,902,188,000 | 1,689,953,000 | 1,529,843,000 | 1,815,494,000 | 1,352,149,000 | 1,564,738,000 | 1,947,587,000 | 2,151,927,000 | 1,745,654,000 | 1,672,575,000 | 1,500,936,000 | 1,482,654,000 |
liabilities and stockholders’ equity | |||||||||||||||
current liabilities: | |||||||||||||||
accounts payable | 255,645,000 | 232,932,000 | 101,858,000 | 436,744,000 | 321,880,000 | 244,191,000 | 318,548,000 | 62,899,000 | 165,990,000 | 399,991,000 | 505,620,000 | 304,898,000 | 220,586,000 | 121,620,000 | 92,802,000 |
deferred revenue | 545,222,000 | 648,090,000 | 572,735,000 | 274,499,000 | 409,612,000 | 398,639,000 | 382,832,000 | 273,164,000 | 452,069,000 | 584,425,000 | 469,098,000 | 273,073,000 | 371,030,000 | 222,815,000 | 145,765,000 |
deferred revenue with related parties | 47,790,000 | 34,774,000 | 33,169,000 | 38,162,000 | 36,742,000 | ||||||||||
current portion of borrowings against note receivable - pledged as collateral | 30,360,000 | 53,714,000 | 52,667,000 | 51,621,000 | 22,539,000 | ||||||||||
personnel related liabilities | 22,546,000 | 25,848,000 | 25,538,000 | 58,584,000 | 41,435,000 | 25,784,000 | 18,783,000 | 52,174,000 | 40,097,000 | 27,234,000 | 14,410,000 | 21,286,000 | 17,462,000 | 15,935,000 | 22,990,000 |
accruals and provisions | 221,508,000 | 376,694,000 | 476,985,000 | 338,311,000 | 213,339,000 | 159,613,000 | 172,009,000 | 172,223,000 | 95,737,000 | 106,447,000 | 160,187,000 | 183,814,000 | 135,410,000 | 217,125,000 | 214,838,000 |
taxes payable | 7,019,000 | 13,255,000 | 40,273,000 | 57,929,000 | 32,619,000 | 22,023,000 | 30,994,000 | 29,465,000 | 26,127,000 | 17,295,000 | 7,898,000 | 11,114,000 | 11,743,000 | 17,275,000 | 17,764,000 |
other current liabilities | 25,104,000 | 13,883,000 | 10,809,000 | 24,246,000 | 15,365,000 | 11,150,000 | 12,087,000 | 16,711,000 | 13,764,000 | 12,819,000 | 9,441,000 | 7,198,000 | 4,374,000 | 3,334,000 | 2,175,000 |
total current liabilities | 1,124,834,000 | 1,345,476,000 | 1,261,367,000 | 1,258,835,000 | 1,124,706,000 | 973,113,000 | 1,251,922,000 | 745,663,000 | 954,219,000 | 1,344,965,000 | 1,526,354,000 | 1,109,463,000 | 994,038,000 | 774,777,000 | 702,355,000 |
non-current liabilities: | |||||||||||||||
deferred income tax liability | 7,507,000 | 6,860,000 | 6,624,000 | 7,114,000 | 5,143,000 | 5,159,000 | 5,370,000 | 4,794,000 | 3,544,000 | 3,499,000 | 3,467,000 | 4,876,000 | |||
convertible senior notes | 390,356,000 | 389,912,000 | 389,096,000 | ||||||||||||
other non-current liabilities | 31,609,000 | 31,835,000 | 27,590,000 | 29,100,000 | 21,927,000 | 19,835,000 | 19,047,000 | 17,338,000 | 10,147,000 | 7,679,000 | 1,279,000 | 1,096,000 | 7,454,000 | ||
total non-current liabilities | 429,472,000 | 428,607,000 | 423,310,000 | 36,214,000 | 27,070,000 | 24,994,000 | 24,417,000 | 50,156,000 | 65,070,000 | 34,627,000 | 26,556,000 | 6,983,000 | 7,454,000 | 702,000 | 2,199,000 |
total liabilities | 1,554,306,000 | 1,774,083,000 | 1,684,677,000 | 1,295,049,000 | 1,151,776,000 | 998,107,000 | 1,276,339,000 | 795,819,000 | 1,019,289,000 | 1,379,592,000 | 1,552,910,000 | 1,116,446,000 | 1,001,492,000 | 775,479,000 | 704,554,000 |
stockholders’ equity: | |||||||||||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of june 30, 2025 and september 30, 2024 | |||||||||||||||
class a common stock | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||
class b-1 common stock, 0.00001 par value per share, 134,325,805 shares authorized; 51,499,195 shares issued and outstanding as of june 30, 2025; 134,325,805 shares authorized; 51,499,195 shares issued and outstanding as of september 30, 2024 | |||||||||||||||
class b-2 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 0 shares issued and outstanding as of june 30, 2025 and september 30, 2024 | |||||||||||||||
treasury stock | -9,950,000 | -9,950,000 | -9,856,000 | -9,040,000 | -7,885,000 | -7,797,000 | -6,632,000 | -5,301,000 | -5,301,000 | -4,991,000 | |||||
additional paid-in capital | 623,228,000 | 615,996,000 | 611,982,000 | 627,923,000 | 617,793,000 | 610,230,000 | 573,850,000 | 563,222,000 | 554,924,000 | 530,747,000 | 289,428,000 | 281,347,000 | |||
accumulated other comprehensive income | 11,813,000 | 6,083,000 | 222,000 | 1,572,000 | 3,241,000 | 4,382,000 | 2,822,000 | -565,000 | 410,000 | 515,000 | 4,000 | ||||
accumulated deficit | -217,708,000 | -223,960,000 | -192,914,000 | -199,291,000 | -200,076,000 | -190,907,000 | -177,431,000 | -154,041,000 | -129,186,000 | -67,337,000 | -47,990,000 | -28,805,000 | |||
total stockholders’ equity attributable to fluence energy, inc. | 407,384,000 | 388,170,000 | 409,435,000 | 421,165,000 | 413,074,000 | 415,909,000 | 392,610,000 | 403,316,000 | 420,848,000 | ||||||
non-controlling interests | 113,460,000 | 110,893,000 | 119,865,000 | 117,012,000 | 118,662,000 | 123,246,000 | 152,839,000 | 164,679,000 | 178,169,000 | 525,553,000 | |||||
total stockholders’ equity | 520,844,000 | 499,063,000 | 529,300,000 | 538,177,000 | 531,736,000 | 539,155,000 | 545,449,000 | 567,995,000 | 599,017,000 | ||||||
total liabilities and stockholders’ equity | 2,075,150,000 | 2,273,146,000 | 2,213,977,000 | 1,689,953,000 | 1,529,843,000 | 1,815,494,000 | 1,564,738,000 | 1,947,587,000 | 2,151,927,000 | ||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of march 31, 2025 and september 30, 2024 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 134,325,805 shares authorized; 51,499,195 shares issued and outstanding as of march 31, 2025; 134,325,805 shares authorized; 51,499,195 shares issued and outstanding as of september 30, 2024 | |||||||||||||||
class b-2 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 0 shares issued and outstanding as of march 31, 2025 and september 30, 2024 | |||||||||||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of december 31, 2024 and september 30, 2024 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 134,325,805 shares authorized; 51,499,195 shares issued and outstanding as of december 31, 2024; 134,325,805 shares authorized; 51,499,195 shares issued and outstanding as of september 30, 2024 | |||||||||||||||
class b-2 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 0 shares issued and outstanding as of december 31, 2024 and september 30, 2024 | |||||||||||||||
note receivable - pledged as collateral | 30,921,000 | 55,251,000 | 24,330,000 | 24,330,000 | |||||||||||
liabilities, and stockholders’ equity | |||||||||||||||
borrowings against note receivable - pledged as collateral | 28,024,000 | 49,505,000 | 21,602,000 | 21,142,000 | |||||||||||
commitments and contingencies | |||||||||||||||
preferred stock, 0.00001 per share, 10,000,000 share authorized; no shares issued and outstanding as of september 30, 2024 and 2023 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 134,325,805 shares authorized; 51,499,195 shares issued and outstanding as of september 30, 2024; 0.00001 par value per share, 200,000,000 shares authorized; 58,586,695 shares issued and outstanding as of september 30, 2023 | |||||||||||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of june 30, 2024 and september 30, 2023 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 134,325,805 shares authorized; 51,499,195 shares issued and outstanding as of june 30, 2024; 0.00001 par value per share, 200,000,000 shares authorized; 58,586,695 shares issued and outstanding as of september 30, 2023, respectively | |||||||||||||||
class b-2 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 0 shares issued and outstanding as of june 30, 2024 and september 30, 2023 | |||||||||||||||
deferred revenue and payables with related parties | 59,046,000 | ||||||||||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of march 31, 2024 and september 30, 2023 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 51,499,195 shares issued and outstanding as of march 31, 2024; 58,586,695 shares issued and outstanding as of september 30, 2023, respectively | |||||||||||||||
class b-2 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 0 shares issued and outstanding as of march 31, 2024 and september 30, 2023 | |||||||||||||||
payables and deferred revenue with related parties | 265,048,000 | 116,488,000 | 158,817,000 | 195,220,000 | 358,064,000 | 306,348,000 | 233,433,000 | 176,673,000 | 206,021,000 | ||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of december 31, 2023 and september 30, 2023 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 51,499,195 shares issued and outstanding as of december 31, 2023; 58,586,695 shares issued and outstanding as of september 30, 2023, respectively | |||||||||||||||
class b-2 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 0 shares issued and outstanding as of december 31, 2023 and september 30, 2023 | |||||||||||||||
short-term investments | 70,023,000 | 109,862,000 | 110,355,000 | ||||||||||||
preferred stock, 0.00001 per share, 10,000,000 share authorized; no shares issued and outstanding as of september 30, 2023 and 2022 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 58,586,695 shares issued and outstanding as of september 30, 2023; 58,586,695 shares issued and outstanding as of september 30, 2022 | |||||||||||||||
right of use asset - operating leases | 3,289,000 | ||||||||||||||
debt issuance cost | 2,361,000 | 2,361,000 | 2,590,000 | 2,818,000 | 2,793,000 | 2,954,000 | |||||||||
current portion of operating lease liabilities | 1,618,000 | 1,534,000 | 1,636,000 | 1,732,000 | |||||||||||
operating lease liabilities, net of current portion | 1,874,000 | 1,847,000 | 668,000 | 1,011,000 | |||||||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of june 30, 2023 and september 30, 2022 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 58,586,695 and 58,586,695 shares issued and outstanding as of june 30, 2023 and september 30, 2022, respectively | |||||||||||||||
class b-2 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 0 shares issued and outstanding as of june 30, 2023 and september 30, 2022 | |||||||||||||||
rou asset - operating leases | 3,124,000 | 2,004,000 | |||||||||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of march 31, 2023 and september 30, 2022 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 58,586,695 and 58,586,695 shares issued and outstanding as of march 31, 2023 and september 30, 2022, respectively | |||||||||||||||
class b-2 common stock, 0.00001 par value per share, 200,000,000 shares authorized; no shares issued and outstanding as of march 31, 2023 and september 30, 2022 | |||||||||||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of december 31, 2022 and september 30, 2022 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 58,586,695 and 58,586,695 shares issued and outstanding as of december 31, 2022 and september 30, 2022, respectively | |||||||||||||||
class b-2 common stock, 0.00001 par value per share, 200,000,000 shares authorized; no shares issued and outstanding as of december 31, 2022 and september 30, 2022 | |||||||||||||||
operating lease right of use assets | 2,403,000 | ||||||||||||||
liabilities, mezzanine equity, and stockholders’/members’ equity | |||||||||||||||
borrowing from line of credit | |||||||||||||||
borrowing from related parties | |||||||||||||||
mezzanine equity | |||||||||||||||
total mezzanine equity | |||||||||||||||
stockholders’ equity/members’ equity | |||||||||||||||
members’ capital contributions | |||||||||||||||
current assets | |||||||||||||||
trade receivables, net of allowance | 93,196,000 | 126,234,000 | 56,136,000 | ||||||||||||
non-current assets | |||||||||||||||
liabilities, stockholders’ equity, members’ deficit, and mezzanine equity | |||||||||||||||
current liabilities | |||||||||||||||
non-current liabilities | |||||||||||||||
stockholders’ equity / members’ deficit | |||||||||||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of june 30, 2022 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 200,000,000 shares authorized; 58,586,695 shares issued and outstanding as of june 30, 2022 | |||||||||||||||
class b-2 common stock, 0.00001 par value per share, 200,000,000 shares authorized; no shares issued and outstanding as of june 30, 2022 | |||||||||||||||
total stockholders’ equity attributable to fluence energy, inc./ members’ deficit | 458,935,000 | 241,437,000 | 252,547,000 | ||||||||||||
non-controlling interest | 212,148,000 | 484,020,000 | |||||||||||||
total stockholders’ equity and members’ deficit | 671,083,000 | 725,457,000 | 778,100,000 | ||||||||||||
total liabilities, stockholders’ equity, members’ deficit, and mezzanine equity | 1,672,575,000 | 1,500,936,000 | 1,482,654,000 | ||||||||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of march 31, 2022 | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 300,000,000 shares authorized; 117,173,390 shares issued and outstanding as of march 31, 2022 | 1,000 | ||||||||||||||
class b-2 common stock, 0.00001 par value per share, 300,000,000 shares authorized; no shares issued and outstanding as of march 31, 2022 | |||||||||||||||
accumulated other comprehensive loss | -2,000 | ||||||||||||||
preferred stock, 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of december 31, 2021. | |||||||||||||||
class b-1 common stock, 0.00001 par value per share, 300,000,000 shares authorized; 117,173,390 shares issued and outstanding as of december 31, 2021 | 1,000 | ||||||||||||||
class b-2 common stock, 0.00001 par value per share, 300,000,000 shares authorized; no shares issued and outstanding as of december 31, 2021 |
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