Fluence Energy, Inc.
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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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.
Jun 30, 2025 · Filed Aug 11, 2025
FLNC$4.91-9.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(U.S. Dollars in Thousands)
| Nine Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities | ||
| Net loss | $(92,051) | $(37,357) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 18,929 | 10,395 |
| Amortization of debt issuance costs | 3,072 | 1,420 |
| Inventory provision | (811) | 15,467 |
| Stock-based compensation | 15,459 | 18,386 |
| Deferred income taxes | 5,814 | 295 |
| Changes in operating assets and liabilities: | ||
| Trade receivables, net | 64,761 | 4,811 |
| Unbilled receivables | 22,357 | 97,076 |
| Receivables from related parties | 204,158 | (42,424) |
| Advances to suppliers | (38,415) | (46,999) |
| Inventory | (469,694) | (257,916) |
| Other current assets | 20,524 | (35,381) |
| Other non-current assets | (23,504) | (8,029) |
| Accounts payable | (180,842) | 256,264 |
| Deferred revenue with related parties | 9,598 | (73,564) |
| Deferred revenue | 264,498 | 131,073 |
| Accruals and provisions | (118,359) | 37,139 |
| Taxes payable | (56,187) | 1,913 |
| Other current liabilities | (65,617) | 22,425 |
| Other non-current liabilities | 5,029 | (25,838) |
| Net cash (used in) provided by operating activities | (411,281) | 69,156 |
| Investing activities | ||
| Capital expenditures on software | (10,023) | (8,606) |
| Purchase of property and equipment | (10,024) | (4,838) |
| Net cash used in investing activities | (20,047) | (13,444) |
| Financing activities | ||
| Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards | (490) | (1,243) |
| Proceeds from issuance of 2030 Convertible Senior Notes | 400,000 | — |
| Purchases of Capped Calls related to 2030 Convertible Senior Notes | (29,000) | — |
| Payment for debt issuance costs | (12,132) | (5,004) |
| Payments for acquisitions | — | (3,892) |
| Proceeds from exercise of stock options | 1,767 | 4,372 |
| Distribution to AES Grid Stability | (1,035) | — |
| Principal payments on finance leases | (465) | — |
| Net cash provided by (used in) financing activities | 358,645 | (5,767) |
| Effect of exchange rate changes on cash and cash equivalents | 13,865 | 632 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (58,818) | 50,577 |
| Cash, cash equivalents, and restricted cash as of the beginning of the period | 518,706 | 462,731 |
| Cash, cash equivalents, and restricted cash as of the end of the period | $459,888 | $513,308 |
| Supplemental Cash Flows Information | ||
| Interest paid | $7,876 | $2,178 |
| Cash (refund) paid on income taxes | $(1,429) | $1,719 |
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