What is Fluence Energy, Inc.'s net debt?

Fluence Energy, Inc. (FLNC) reported net debt of -$380.16M in Q1 2026.

How has Fluence Energy, Inc.'s net debt changed year-over-year?

Fluence Energy, Inc.'s net debt increased by 36.2% year-over-year, from -$595.5M to -$380.16M.

What is the long-term trend for Fluence Energy, Inc.'s net debt?

Over 4 years (2021 to 2025), Fluence Energy, Inc.'s net debt has grown at a 112.4% compound annual growth rate (CAGR), from -$34.37M to -$699.31M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Fluence Energy, Inc. FLNC Net debt

Discontinued — last reported Q2 '26

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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$2.64B+174%

Enterprise value$2.26B+390%

P/S1×+0.6×

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 / equity0×0.0×

Current ratio1.4×-0.1×

Where this comes from

Calculated from Fluence Energy, Inc.’s reported figures.

$7.1Mtotal debt−$387.3Mcash and equivalents=-$380.16M

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 net debt?: Fluence Energy, Inc. (FLNC) reported net debt of -$380.16M in Q1 2026.
How has Fluence Energy, Inc.'s net debt changed year-over-year?: Fluence Energy, Inc.'s net debt increased by 36.2% year-over-year, from -$595.5M to -$380.16M.
What is the long-term trend for Fluence Energy, Inc.'s net debt?: Over 4 years (2021 to 2025), Fluence Energy, Inc.'s net debt has grown at a 112.4% compound annual growth rate (CAGR), from -$34.37M to -$699.31M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.