Fluence Energy, Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
View on SEC.govAbout 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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
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 (Loss) · Treasury Stock · Non-Controlling interest · Total stockholders’ equity | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount | |||||||||||
| Balance at December 31, 2024 | 129,929,023 | $1 | 51,499,195 | — | $611,982 | $(192,914) | $222 | 809,423 | $(9,856) | $119,865 | $529,300 |
| Net loss | — | — | — | — | — | (31,046) | — | — | — | (10,886) | (41,932) |
| Stock-based compensation | 194,744 | — | — | — | 3,826 | — | — | — | — | — | 3,826 |
| Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards | (5,912) | — | — | — | — | — | — | 5,912 | (94) | — | (94) |
| Effect of remeasurement of non-controlling interest due to other share transactions | — | — | — | — | 405 | — | — | — | — | (405) | — |
| Proceeds from exercise of stock options | 334,006 | — | — | — | 818 | — | — | — | — | — | 818 |
| Distribution to AES Grid Stability | — | — | — | — | (1,035) | — | — | — | — | — | (1,035) |
| Gain on foreign currency translation, net of tax | — | — | — | — | — | — | 6,215 | — | — | 2,459 | 8,674 |
| Loss on cash flow hedges, net of tax | — | — | — | — | — | — | (354) | — | — | (140) | (494) |
| Balance at March 31, 2025 | 130,451,861 | $1 | 51,499,195 | — | $615,996 | $(223,960) | $6,083 | 815,335 | $(9,950) | $110,893 | $499,063 |
| 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, 2024 | 129,421,797 | $1 | 51,499,195 | — | $634,851 | $(151,448) | $(1,840) | 786,048 | $(9,460) | $135,035 | $607,139 |
| Net loss | — | — | — | — | — | (72,512) | — | — | — | (26,433) | (98,945) |
| Stock-based compensation | 553,330 | — | — | — | 9,092 | — | — | — | — | — | 9,092 |
| Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards | (29,287) | — | — | — | — | — | — | 29,287 | (490) | — | (490) |
| Effect of remeasurement of non-controlling interest due to other share transactions | — | — | — | — | 848 | — | — | — | — | (848) | — |
| Proceeds from exercise of stock options | 506,021 | — | — | — | 1,240 | — | — | — | — | — | 1,240 |
| Purchases of Capped Calls related to 2023 Convertible Senior Notes | — | — | — | — | (29,000) | — | — | — | — | — | (29,000) |
| Distribution to AES Grid Stability | — | — | — | — | (1,035) | — | — | — | — | — | (1,035) |
| Gain on foreign currency translation, net of tax | — | — | — | — | — | — | 2,415 | — | — | 948 | 3,363 |
| Gain on cash flow hedges, net of tax | — | — | — | — | — | — | 5,508 | — | — | 2,191 | 7,699 |
| Balance at March 31, 2025 | 130,451,861 | $1 | 51,499,195 | — | $615,996 | $(223,960) | $6,083 | 815,335 | $(9,950) | $110,893 | $499,063 |
| 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 30, 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 | 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 | |||||||||||
| Loss on foreign currency translation, net of tax | (2,229) | (903) | (3,132) | ||||||||||||
| Gain on cash flow hedges, net of tax | — | — | — | — | — | — | 1,088 | — | — | 441 | 1,529 | ||||
| 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 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 | 375,663 | — | 12,246 | 12,246 | |||||||||||||
| Effect of AES Grid Stability 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 | |||||||||||||
| Gain (loss) on foreign currency translation, net of tax | — | (931) | (397) | (1,328) | |||||||||||||
| Gain on cash flow hedges, net of tax | — | — | — | — | — | — | 970 | — | — | 390 | 1,360 | ||||||
| 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 | ||||||
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