Fluence Energy, Inc.
For the period ended Sep 30, 2025. Filed Nov 25, 2025.
View on SEC.govAbout 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.
FY2025 · Filed Nov 25, 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
Consolidated balance sheets
(U.S. Dollars in Thousands, except per share or share amounts)
| September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $690,768 | $448,685 |
| Restricted cash | 23,862 | 46,089 |
| Trade receivables, net | 272,820 | 216,458 |
| Unbilled receivables | 239,594 | 172,115 |
| Receivables from related parties | 200,748 | 362,523 |
| Advances to suppliers | 126,778 | 174,532 |
| Inventory, net | 455,015 | 182,601 |
| Current portion of notes receivable - pledged as collateral | — | 30,921 |
| Other current assets | 54,671 | 46,519 |
| Total current assets | 2,064,256 | 1,680,443 |
| Non-current assets: | ||
| Property and equipment, net | 50,320 | 15,350 |
| Intangible assets, net | 63,403 | 60,002 |
| Goodwill | 28,584 | 27,482 |
| Deferred income tax asset, net | 4,046 | 8,880 |
| Other non-current assets | 146,391 | 110,031 |
| Total non-current assets | 292,744 | 221,745 |
| Total assets | $2,357,000 | $1,902,188 |
| Liabilities, and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $321,004 | $436,744 |
| Deferred revenue | 640,457 | 274,499 |
| Deferred revenue with related parties | 79,916 | 38,162 |
| Current portion of borrowings against note receivable - pledged as collateral | — | 30,360 |
| Personnel related liabilities | 31,850 | 58,584 |
| Accruals and provisions | 246,235 | 338,311 |
| Taxes payable | 30,317 | 57,929 |
| Other current liabilities | 20,590 | 24,246 |
| Total current liabilities | 1,370,369 | 1,258,835 |
| Non-current liabilities: | ||
| Deferred income tax liability | 9,530 | 7,114 |
| Convertible senior notes, net | 390,804 | — |
| Other non-current liabilities | 37,449 | 29,100 |
| Total non-current liabilities | 437,783 | 36,214 |
| Total liabilities | 1,808,152 | 1,295,049 |
| Commitments and Contingencies (Note 15) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 per share, 10,000,000 share authorized; no shares issued and outstanding as of September 30, 2025 and 2024 | — | — |
| Class A common stock, $0.00001 par value per share, 1,200,000,000 shares authorized; 132,014,571 shares issued and 131,164,365 shares outstanding as of September 30, 2025; 130,207,845 shares issued and 129,421,797 shares outstanding as of September 30, 2024 | 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 September 30, 2025 and 2024; | — | — |
| Class B-2 common stock, $0.00001 par value per share, 200,000,000 shares authorized; no shares issued and outstanding as of September 30, 2025 and 2024 | — | — |
| Treasury stock, at cost | (10,213) | (9,460) |
| Additional paid-in capital | 627,956 | 634,851 |
|---|---|---|
| Accumulated other comprehensive income (loss) | 11,613 | (1,840) |
| Accumulated deficit | (199,762) | (151,448) |
| Total stockholders’ equity attributable to Fluence Energy, Inc. | 429,595 | 472,104 |
| Non-controlling interest | 119,253 | 135,035 |
| Total stockholders’ equity | 548,848 | 607,139 |
| Total liabilities, stockholders’ equity | $2,357,000 | $1,902,188 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.