Fluence Energy, Inc.

For the period ended Mar 31, 2025. Filed May 8, 2025.

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, 2025 · Filed May 8, 2025

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

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Contents

Condensed Consolidated Balance Sheets

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

Unaudited
	March 31,2025	September 30,2024
Assets
Current assets:
Cash and cash equivalents	$568,622	$448,685
Restricted cash	18,724	46,089
Trade receivables, net	148,964	216,458
Unbilled receivables	112,994	172,115
Receivables from related parties	233,837	362,523
Advances to suppliers	181,189	174,532
Inventory, net	698,277	182,601
Current portion of notes receivable - pledged as collateral	—	30,921
Other current assets	68,714	46,519
Total current assets	2,031,321	1,680,443
Non-current assets:
Property and equipment, net	$19,914	$15,350
Intangible assets, net	59,428	60,002
Goodwill	26,603	27,482
Deferred income tax asset	7,621	8,880
Other non-current assets	128,259	110,031
Total non-current assets	241,825	221,745
Total assets	$2,273,146	$1,902,188
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$232,932	$436,744
Deferred revenue	648,090	274,499
Deferred revenue with related parties	34,774	38,162
Current portion of borrowings against note receivable - pledged as collateral	—	30,360
Personnel related liabilities	25,848	58,584
Accruals and provisions	376,694	338,311
Taxes payable	13,255	57,929
Other current liabilities	13,883	24,246
Total current liabilities	1,345,476	1,258,835
Non-current liabilities:
Deferred income tax liability	$6,860	$7,114
Convertible senior notes, net	389,912	—
Other non-current liabilities	31,835	29,100
Total non-current liabilities	428,607	36,214
Total liabilities	1,774,083	1,295,049
Stockholders’ Equity:
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 A common stock, $0.00001 par value per share, 1,200,000,000 shares authorized; 131,267,196 shares issued and 130,451,861 shares outstanding as of March 31, 2025; 130,207,845 shares issued and 129,421,797 shares outstanding as of September 30, 2024, respectively	1	1
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	—	—
Treasury stock, at cost	(9,950)	(9,460)
Additional paid-in capital	615,996	634,851
Accumulated other comprehensive income (loss)	6,083	(1,840)
Accumulated deficit	(223,960)	(151,448)
Total stockholders’ equity attributable to Fluence Energy, Inc.	388,170	472,104
Non-Controlling interests	110,893	135,035
Total stockholders’ equity	499,063	607,139
Total liabilities and stockholders’ equity	$2,273,146	$1,902,188

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.