Fluence Energy Inc

For the period ended Sep 30, 2024. Filed Nov 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Nov 29, 2024

FLNC$5.40+2.5%Stored close · as of Nov 9, 2026

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Contents

Consolidated statements of operations

(U.S. Dollars in Thousands, except per share amounts or share amounts)

	Fiscal Year Ended September 30,
	2024	2023	2022
Revenue	$1,601,563	$1,564,169	$552,271
Revenue from related parties	1,096,999	653,809	646,332
Total revenue	2,698,562	2,217,978	1,198,603
Cost of goods and services	2,357,482	2,077,023	1,260,957
Gross profit (loss)	341,080	140,955	(62,354)
Operating expenses:
Research and development	66,195	66,307	60,142
Sales and marketing	63,842	41,114	37,207
General and administrative	172,996	136,308	116,710
Depreciation and amortization	11,426	9,835	7,108
Interest income, net	(5,676)	(5,388)	(326)
Other (income) expense, net	(7,276)	(6,952)	4,625
Income (loss) before income taxes	39,573	(100,269)	(287,820)
Income tax expense	9,206	4,549	1,357
Net income (loss)	$30,367	$(104,818)	$(289,177)
Net income (loss) attributable to non-controlling interest	$7,651	$(35,198)	$(184,692)
Net income (loss) attributable to Fluence Energy, Inc.	$22,716	$(69,620)	$(104,485)
Weighted average number of Class A common shares outstanding
Basic	126,180,011	116,448,602	69,714,054
Diluted	184,034,832	116,448,602	69,714,054
Income (loss) per share of Class A common stock
Basic	$0.18	$(0.60)	$(1.50)
Diluted	$0.13	$(0.60)	$(1.50)

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.