Fluence Energy, Inc.

FLNC

FLNCFluence Energy, Inc. US flag

NASDAQ Global Select

27.91

USD

+0.76

- -

5.15BMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	92	561	681	1,199	2,218	2,699	2,263
+ Sales & Services Revenue	92	561	681	1,199	2,218	2,699	2,263
- Cost of Revenue	100	553	750	1,261	2,077	2,357	1,967
+ Cost of Goods & Services	100	553	750	1,261	2,077	2,357	1,967
Gross Profit	-8	8	-69	-62	141	341	296
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	42	49	89	221	254	314	342
+ Selling, General & Admin	29	34	61	154	177	237	243
+ Research & Development	10	12	23	60	66	66	86
+ Other Operating Expense	3	3	5	7	10	11	13
Operating Income (Loss)	-50	-41	-158	-284	-113	27	-46
- Non-Operating (Income) Loss	-2	-1	2	4	-12	-13	-1
+ Interest Expense, Net	- -	- -	1	2	-5	-6	- -
+ Interest Expense	- -	- -	1	2	- -	- -	- -
- Interest Income	- -	- -	- -	- -	5	6	- -
+ Other Non-Op (Income) Loss	-2	-1	- -	3	-7	-7	-1
Pretax Income	-48	-40	-160	-288	-100	40	-45
- Income Tax Expense (Benefit)	-1	6	2	1	5	9	23
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-47	-47	-162	-289	-105	30	-68
- Net Extraordinary Losses (Gains)	- -	-93	-324	-369	-70	15	-39
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	-93	-324	-369	-70	15	-39
Income (Loss) Incl. MI	-47	47	162	80	-34	15	-29
- Minority Interest	- -	47	162	185	35	-8	20
Net Income, GAAP	-47	- -	- -	-104	-70	23	-48
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-47	- -	- -	-104	-70	23	-48
EBIT	-50	-41	-158	-284	-113	27	-46
EBITDA	-47	-38	-153	-276	-102	41	-17
EBITDA Margin (%)	-50.68	-6.73	-22.53	-23.06	-4.6	1.52	-0.75
EBITA	-50	-41	-158	-284	-113	27	-46
Gross Margin (%)	-8.59	1.41	-10.16	-5.2	6.36	12.64	13.07
Operating Margin (%)	-53.82	-7.27	-23.28	-23.65	-5.08	0.99	-2.05
Profit Margin (%)	-50.98	- -	- -	-8.72	-3.14	0.84	-2.14
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	3	3	5	7	11	14	29
Basic Weighted Avg Shares	49	49	49	70	116	126	130
Basic EPS, GAAP	-0.95	- -	- -	-1.5	-0.6	0.18	-0.37
Basic EPS from Cont Ops	-0.95	-0.94	-3.27	-4.15	-0.9	0.24	-0.52
Diluted Weighted Avg Shares	49	49	49	70	116	184	130
Diluted EPS, GAAP	-0.95	- -	- -	-1.5	-0.6	0.12	-0.37
Diluted EPS from Cont Ops	-0.95	-0.94	-3.27	-4.15	-0.9	0.17	-0.52

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	148	327	662	1,602	1,195	1,680	2,064
+ Cash, Cash Equivalents & STI	104	94	37	468	346	449	691
+ Cash & Cash Equivalents	84	94	37	357	346	449	691
+ ST Investments	20	- -	- -	110	- -	- -	- -
+ Accounts & Notes Receiv	25	187	206	357	374	780	737
+ Accounts Receivable, Net	7	32	57	87	111	309	299
+ Notes Receivable, Net	- -	- -	- -	- -	24	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	18	155	149	271	239	471	437
+ Inventories	11	37	390	653	225	183	455
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	11	37	390	653	225	183	455
+ Other ST Assets	9	10	29	124	250	269	182
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	41	37	56	144	157	222	293
+ Property, Plant & Equip, Net	4	5	8	14	13	15	50
+ Property, Plant & Equip	4	6	11	19	22	30	76
- Accumulated Depreciation	1	1	3	5	9	15	26
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	37	31	48	130	144	206	242
+ Total Intangible Assets	33	31	45	77	82	87	92
+ Goodwill	5	5	9	25	26	27	29
+ Other Intangible Assets	29	26	36	52	56	60	63
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	3	- -	3	54	63	119	150
Total Assets	189	364	718	1,746	1,352	1,902	2,357
+ Payables & Accruals	102	244	585	806	259	799	561
+ Accounts Payable	15	78	158	305	65	437	321
+ Accrued Taxes	5	6	13	11	29	58	30
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	81	160	414	490	164	305	210
+ ST Debt	- -	- -	100	2	23	30	- -
+ ST Borrowings	- -	- -	100	- -	23	30	- -
+ ST Finance Leases	- -	- -	- -	2	- -	- -	- -
+ Other ST Liabilities	59	134	86	302	464	429	809
+ Deferred Revenue	53	124	71	273	383	313	720
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	6	10	15	28	81	117	89
Total Current Liabilities	161	378	771	1,109	746	1,259	1,370
+ LT Debt	- -	- -	- -	1	28	- -	391
+ LT Borrowings	- -	- -	- -	- -	28	- -	391
+ LT Finance Leases	- -	- -	- -	1	- -	- -	- -
+ Other LT Liabilities	3	3	2	6	22	36	47
+ Accrued Liabilities	- -	- -	- -	5	5	7	10
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	3	3	2	1	17	29	37
Total Noncurrent Liabilities	3	3	2	7	50	36	438
Total Liabilities	163	381	774	1,116	796	1,295	1,808
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	- -	543	581	635	628
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	- -	543	581	635	628
- Treasury Stock	- -	- -	- -	5	8	9	10
+ Retained Earnings	-71	-117	-279	-105	-174	-151	-200
+ Other Equity	-1	- -	- -	3	3	-2	12
Equity Before Minority Interest	26	-17	-56	436	402	472	430
+ Minority/Non Controlling Interest	- -	- -	- -	193	154	135	119
Total Equity	26	-17	-56	629	556	607	549
Total Liabilities & Equity	189	364	718	1,746	1,352	1,902	2,357
Shares Outstanding	49	49	54	115	119	129	131
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	3	- -	- -	- -
Net Debt	-84	-94	63	-357	-295	-418	-300
Net Debt to Equity	-329.79	544.64	-112.41	-56.79	-53.09	-68.9	-54.65
Tangible Common Equity Ratio	-5.11	-14.49	-15.08	33.11	37.36	28.64	20.17
Current Ratio	0.92	0.87	0.86	1.44	1.6	1.33	1.51
Cash Conversion Cycle	- -	-0.8	88.78	117.36	52.44	20.37	46.45

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-47	-47	-162	-289	-105	30	-68
+ Depreciation & Amortization	3	3	5	7	11	14	29
+ Non-Cash Items	5	-1	40	58	29	44	37
+ Stock-Based Compensation	- -	- -	- -	44	27	24	20
+ Deferred Income Taxes	-1	2	-1	1	3	-7	6
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	6	-3	41	13	- -	27	11
+ Chg in Non-Cash Work Cap	67	31	-148	-58	-47	-9	-144
+ (Inc) Dec in Accts Receiv	-11	-161	-11	-144	-10	-394	37
+ (Inc) Dec in Inventories	-10	-27	-367	-265	433	22	-279
+ (Inc) Dec in Prepaid Assets	1	1	-7	-45	-36	-64	49
+ Inc (Dec) in Accts Payable	44	146	308	146	-239	553	-241
+ Inc (Dec) in Other	42	72	-71	250	-194	-126	289
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	28	-14	-265	-282	-112	80	-146
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-3	-2	-4	-8	-3	-8	-15
+ Acq of Fixed Prod Assets	-3	-2	-4	-8	-3	-8	-15
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	10	2	131	931	-3	-2	-1
+ Increase in Capital Stock	10	2	131	936	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	-5	-3	-2	-1
+ Net Change in LT Investment	- -	20	- -	-111	112	- -	- -
+ Dec in LT Investment	- -	20	- -	- -	112	- -	- -
+ Inc in LT Investment	- -	- -	- -	-111	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	-18	-29	-5	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-18	-29	-5	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-20	- -	- -	- -	-9	-11	-15
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-23	18	-22	-148	94	-19	-30
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	25	-100	48	- -	369
+ Cash From Debt	- -	14	225	- -	48	- -	400
+ Repayments of Debt	- -	-14	-200	-100	- -	- -	-31
+ Other Financing Activities	- -	- -	75	-14	7	-7	-11
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	10	2	231	817	53	-9	357
Effect of Foreign Exchange Rates	-1	1	-1	5	-2	4	14
Net Changes in Cash	15	7	-56	386	35	52	182
EBITDA	-47	-38	-153	-276	-102	41	-17
EBITDA Margin (%)	-50.68	-6.73	-22.53	-23.06	-4.6	1.52	-0.75
Free Cash Flow	25	-16	-270	-290	-115	72	-160
Net Cash Paid for Acquisitions	- -	- -	18	29	5	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	72	- -
Free Cash Flow to Equity	- -	-16	-245	-390	-67	72	208
Free Cash Flow per Basic Share	0.5	-0.32	-5.45	-4.16	-0.99	0.57	-1.23
Price/Free Cash Flow	- -	- -	- -	-3.71	-24.58	47.6	-10.77
Cash Flow to Net Income	-0.59	- -	- -	2.7	1.61	3.51	3.01
Capital Expenditures	-3	-2	-4	-8	-3	-8	-15