Fluence Energy Inc

For the period ended Mar 31, 2024. Filed May 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 9, 2024

FLNC$4.91-9.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Changes in Stockholders’ Equity

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED)

(U.S. Dollars in Thousands, except Shares)

Class A Common Stock · Class B-1 Common Stock · Additional Paid-In Capital · Accumulated Deficit · Accumulated Other Comprehensive Income · Treasury Stock · Non-Controlling interest · Total stockholders’ equity
Shares · Amount · Shares · Amount · Shares · Amount
Balance at December 31, 2023	126,967,942	$1	51,499,195	—	$610,230	$(190,907)	$4,382	689,974	$(7,797)	$123,246	$539,155
Net Loss	—	—	—	—	—	(9,169)	—	—	—	(3,707)	(12,876)
Stock-based compensation expense	205,863	—	—	—	6,616	—	—	—	—	—	6,616
Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards	(4,449)	—	—	—	—	—	—	4,449	(88)	—	(88)
Effect of remeasurement of non-controlling interest due to other share transactions	—	—	—	—	415	—	—	—	—	(415)	—
Proceeds from exercise of stock options	218,182	—	—	—	532	—	—	—	—	—	532
Foreign currency translation gain, net of income tax benefit of $0.2 million	—	—	—	—	—	—	(1,141)	—	—	(462)	(1,603)
Balance at March 31, 2024	127,387,538	$1	51,499,195	—	$617,793	$(200,076)	$3,241	694,423	$(7,885)	$118,662	$531,736

Class A Common Stock · Class B-1 Common Stock · Additional Paid-In Capital · Accumulated Deficit · Accumulated Other Comprehensive Income · Treasury Stock · Non-Controlling interest · Total stockholders’ equity
Shares · Amount · Shares · Amount · Shares · Amount
Balance at September 30, 2023	118,903,435		1		58,586,695		—		581,104		(174,164)		3,202		689,974		(7,797)		153,984		556,330
Net Loss		—		—		—		—		(25,912)		—		—		—		(12,520)		(38,432)
Stock-based compensation expense	375,663		—		—		—		12,246		—		—		—		—		—		12,246
Effect of AES redemption of Class B-1 common stock for Class A common stock	7,087,500		—		(7,087,500)		—		21,428		—		—		—		—		(21,428)		—
Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards	(4,449)		—		—		—		—		—		—		4,449		(88)		—		(88)
Effect of remeasurement of non-controlling interest due to other share transactions	354,134		—		—		—		1,367		—		—		—		—		(1,367)		—
Proceeds from exercise of stock options	671,255		—		—		—		1,648		—		—		—		—		—		1,648
Foreign currency translation loss, net of income tax expense of $0.1 million	—		—		—		—		—		—		39				(7)		32
Balance at March 31, 2024	127,387,538		$1		51,499,195		—		$617,793		$(200,076)		$3,241		694,423		$(7,885)		$118,662		$531,736

Class A Common Stock · Class B-1 Common Stock · Additional Paid-In Capital · Accumulated Deficit · Accumulated Other Comprehensive Income (Loss) · Treasury Stock · Non-Controlling interest · Total stockholders’ equity
Shares · Amount · Shares · Amount · Shares · Amount
Balance at December 31, 2022	116,072,991	1	58,586,695	—	554,924	(129,186)	410	572,251	(5,301)	178,169	599,017
Net Loss	—	—	—	—	—	(24,855)	—	—	—	(12,542)	(37,397)
Stock-based compensation expense	127,576	—	—	—	7,286	—	—	—	—	—	7,286
Effect of remeasurement of non-controlling interest due to other share transactions	—	—	—	—	454	—	—	—	—	(454)	—
Proceeds from exercise of stock options	285,893	—	—	—	558	—	—	—	—	—	558
Foreign currency translation loss, net of income tax expense of $0.1 million	—	—	—	—	—	—	(975)	—	—	(494)	(1,469)
Balance at March 31, 2023	116,486,460	$1	58,586,695	—	$563,222	$(154,041)	$(565)	572,251	$(5,301)	$164,679	$567,995

Class A Common Stock · Class B-1 Common Stock · Additional Paid-In Capital · Accumulated Deficit · Accumulated Other Comprehensive Income (Loss) · Treasury Stock · Non-Controlling interest · Total stockholders’ equity
Shares · Amount · Shares · Amount · Shares · Amount
Balance at September 30, 2022	114,873,121	1	58,586,695	—	542,602	(104,544)	2,784	550,904	(5,013)	193,378	629,208
Net Loss	—	—	—	—	—	(49,497)	—	—	—	(25,093)	(74,590)
Stock-based compensation expense	308,260	—	—	—	15,763	—	—	—	—	—	15,763
Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards	(21,347)	—	—	—	—	—	—	21,347	(288)	—	(288)
Effect of remeasurement of non-controlling interest due to other share transactions	—	—	—	—	1,901	—	—	—	—	(1,901)	—
Proceeds from exercise of stock options	1,326,426	—	—	—	2,956	—	—	—	—	—	2,956
Foreign currency translation loss, net of income tax expense of $0.4 million	—	—	—	—	—	—	(3,349)	—	—	(1,705)	(5,054)
Balance at March 31, 2023	116,486,460	$1	58,586,695	—	$563,222	$(154,041)	$(565)	572,251	$(5,301)	$164,679	$567,995

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.