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Fluence Energy, Inc. FLNC Service — Revenue

Other product segments

Revenue from digital applications
$6.03M
Digital Applications And Solutions
$1.89M

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Other financials

Income statement

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Revenue$464.9M+7.7%
Gross profit$46.6M+9.5%
Net income-$20.9M+32.6%
EPS (diluted)-$0.16+33.3%

Balance sheet

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Cash & equivalents$387.3M-36.5%
Total debt$7.1M-50.8%
Total equity$368.1M-5.2%
Total assets$2.3B+3.3%

Cash flow

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Operating cash flow-$121.1M-162%
CapEx$2.5M-43.0%
Free cash flow-$123.6M-145%

Valuation

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Market cap$3.29B+189%
Enterprise value$2.91B+3,992%
P/S1.3×+0.8×

Profitability

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Gross margin11.7%-1.4pp
Net margin-0.8%-0.2pp
FCF margin-16.9%

Returns & leverage

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Return on equity-4.4%-1.0pp
Debt / equity0.0×
Current ratio1.4×-0.1×

Where this comes from

Reported directly by Fluence Energy, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Fluence Energy, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fluence Energy, Inc.'s service — revenue?
Fluence Energy, Inc. (FLNC) reported service — revenue of $29.37M in Q1 2026.
How has Fluence Energy, Inc.'s service — revenue changed year-over-year?
Fluence Energy, Inc.'s service — revenue decreased by 10.7% year-over-year, from $32.89M to $29.37M.
What is the long-term trend for Fluence Energy, Inc.'s service — revenue?
Over 4 years (2021 to 2025), Fluence Energy, Inc.'s service — revenue has grown at a 93.2% compound annual growth rate (CAGR), from $6.06M to $84.44M.
What does service — revenue mean?
This metric represents the total revenue generated from the provision of long-term maintenance, software-enabled optimization, and support services for energy storage systems, excluding any pass-through taxes. It reflects the recurring and high-margin component of the business model that ensures the ongoing performance and reliability of deployed energy assets. Growth in this segment indicates increasing customer reliance on the company's digital applications and operational expertise over the lifecycle of their energy storage infrastructure.