Fluence reported an approximately $7 billion, or 30%, increase in its pipeline during the quarter, with the majority of growth coming from the U.S. Nebreda said the company ramped sales efforts across core markets by expanding sales channels and outreach to both existing and prospective customers, and that Fluence is now focused on converting pipeline into signed orders.For the quarter, Fluence signed more than $750 million of new orders globally, including over $500 million in the U.S. Nebreda said the U.S ...

Financial Data and Key Metrics Changes - The company's backlog reached a record of $5.5 billion, reflecting a significant increase in U.S. contracting activity driven by the One Big Beautiful Bill Act and rising demand forecasts [7][8] - Q1 2026 revenue was $475 million, representing 14% of the full-year guidance and nearly double the 18% of full-year 2025 revenue earned during Q1 2025 [16] - Adjusted gross profit for the quarter was $27 million, with an adjusted gross margin of 5.6%, below the full-year expectation of 11%-13% [16][17] - Total liquidity at the end of the quarter was approximately $1.1 billion, including $477 million in cash and $617 million available through credit facilities [19] Business Line Data and Key Metrics Changes - The company signed over $750 million of new orders globally during Q1, with more than $500 million from the U.S., indicating strong growth from prior quarters [8][9] - The pipeline increased by approximately $7 billion, or 30%, with the majority of growth coming from the U.S. market [9][22] - The company is seeing growing demand from new customer segments, particularly data centers, with discussions covering 36 GWh of projects [10][11] Market Data and Key Metrics Changes - The U.S. market is expected to represent about half of the total order growth for the year, consistent with previous patterns [8][9] - The company is experiencing an evolution in how customers use battery storage, with new applications emerging from large energy users such as data centers [11][12] Company Strategy and Development Direction - The company is focused on expanding its domestic content strategy and enhancing its supply chain to support growth [12][14] - The management is optimistic about the future of the battery storage market in the U.S., citing a significant opportunity for growth driven by the conversion of EV battery lines into battery energy storage systems (BESS) [31][71] - The company aims to maintain a competitive edge through disciplined execution and innovation, with a focus on meeting customer needs [22][68] Management's Comments on Operating Environment and Future Outlook - Management reaffirmed the fiscal 2026 guidance, supported by greater revenue visibility and confidence in execution [8][20] - The company expects continued margin improvement driven by strong execution, supply chain advantages, and innovation as energy storage demand grows [18][21] - Management expressed confidence in recovering additional costs incurred during the quarter, primarily related to two specific projects outside the U.S. [17][50] Other Important Information - The company successfully resolved two pending legal matters, including a settlement related to the Moss Landing incident and a court dismissal of a $230 million claim related to the Diablo Canyon project [15] - The domestic supply chain is performing well, with cell and module production ahead of schedule and a diversified supplier base enhancing flexibility and cost competitiveness [12][14] Q&A Session Summary Question: Clarification on ASC ownership and resolution - Management emphasized that the main objective with ASC is to ensure access to PFE-compliant cells at competitive terms, and they are confident in ASC's ability to resolve ownership issues without company involvement [28][29] Question: Competitive environment and data center opportunities - Management noted that while competition is present, the landscape has diversified, and they remain optimistic about the U.S. market's growth potential [33][35] Question: Data center pipeline conversion and timing - Management indicated that none of the new data center projects have been converted to backlog yet, but they expect some movement in the second half of the year [42][44] Question: Incremental costs and recovery plans - Management explained that the $20 million in additional costs were due to scope changes in two non-U.S. projects, and they plan to recover these costs through contracts with customers [47][50] Question: Margin pressures and competitive landscape - Management confirmed that they do not foresee major changes in competitiveness or tariffs affecting their outlook for 2026 [55][58] Question: Vertical integration and M&A opportunities - Management stated that they do not see a strong need for vertical integration at this time, as they can work effectively with contracted manufacturers [114]

Fluence Energy (NasdaqGS:FLNC) Q1 2026 Earnings call February 05, 2026 08:30 AM ET Company ParticipantsAhmed Pasha - CFOBen Kallo - Managing DirectorChris Shelton - VP of Investor RelationsChristine Cho - Managing DirectorDimple Gosai - Head of US Cleantech & Sustainability Equity ResearchDylan Nassano - SVPGeorge Gianarikas - Sustainability ResearchJulian Nebreda - President and CEOZach Tuckwell - Managing DirectorConference Call ParticipantsBrian Lee - Clean Technology AnalystMark Strouse - Equity Researc ...

Fluence Energy (NasdaqGS:FLNC) Q1 2026 Earnings call February 05, 2026 08:30 AM ET Speaker1Good day, and thank you for standing by. Welcome to the Fluence Energy First Quarter 2026 earnings conference call. At this time, all participants are on listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear automated messages advising your hand is raised. To withdraw yo ...

Q1 FY2026 Earnings Presentation February 5, 2026 © Fluence Energy Inc. All rights reserved. | Disclaimer Forward - Looking Statements The statements herein and referenced on the Company's earnings call that are not historical facts are forward - looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward - looking statements include, with ...

Financial Performance - Total revenue for Q4 2025 reached $475.234 million, a significant increase from $186.788 million in Q4 2024, representing a growth of 154% year-over-year[16] - Gross profit for the quarter was $23.049 million, compared to $21.201 million in the same quarter last year, showing a slight increase of 8.7%[16] - Net loss for Q4 2025 was $62.588 million, compared to a net loss of $57.013 million in Q4 2024, indicating a deterioration in profitability[18] - Revenue for the three months ended December 31, 2025, was $182.2 million, a significant increase from $70.6 million in the same period of 2024, representing a growth of approximately 158%[144] - Net loss for the three months ended December 31, 2025, was $62.588 million, compared to a net loss of $57.013 million for the same period in 2024, representing an increase of approximately 9.1%[22] - The company reported a net loss of $45.1 million for the three months ended December 31, 2025, compared to a net loss of $41.5 million in the same period of 2024[83] - Net loss increased by $5.6 million, or 10%, for the three months ended December 31, 2025, attributed to higher general and administrative and sales and marketing expenses[213] Cash and Liquidity - Cash and cash equivalents decreased to $452.563 million from $690.768 million as of September 30, 2025, reflecting a decline of 34.4%[15] - Cash, cash equivalents, and restricted cash as of December 31, 2025, totaled $477.774 million, down from $654.409 million at the end of the same period in 2024, indicating a decrease of approximately 27%[22] - The company’s restricted cash increased to $25.2 million as of December 31, 2025, from $23.9 million on September 30, 2025[38] - The 2024 Credit Agreement requires the Company to maintain Total Liquidity of no less than $150 million through December 31, 2025, and no less than $100 million thereafter[100] - As of December 31, 2025, the Company had $121.7 million in outstanding letters of credit under the 2024 Revolver, with remaining availability of $378.3 million[101] Expenses - Research and development expenses increased to $18.541 million from $17.195 million, reflecting a rise of 7.8%[16] - Sales and marketing expenses rose to $22.031 million from $18.202 million, an increase of 21.5%[16] - General and administrative expenses increased by $5.1 million, or 14%, for the three months ended December 31, 2025, largely due to higher legal and consulting services[207] - Cost of goods and services for the same period was $7.2 million, up from $2.9 million in 2024, indicating a rise of about 150%[144] - Stock-based compensation expense totaled $5.3 million for the three months ended December 31, 2025, slightly down from $5.3 million in 2024[155] Assets and Liabilities - Total current assets decreased to $1.986 billion from $2.064 billion, a reduction of 3.8%[15] - Total liabilities decreased to $1.781 billion from $1.808 billion, a decrease of 1.5%[15] - Total stockholders' equity decreased to $488.224 million from $548.848 million, a decline of 11%[15] - The company's total lease liabilities decreased to $12.9 million as of December 31, 2025, from $15.3 million at the end of September 2025[94] - Accruals increased to $278.0 million as of December 31, 2025, compared to $246.2 million at the end of September 2025[95] Revenue Recognition and Deferred Revenue - Revenue is primarily generated from energy storage products and solutions, operational services, and digital applications, with revenue recognition based on the percentage of completion method[39][40] - The company reported a deferred revenue of $163.257 million for the three months ended December 31, 2025, compared to $316.723 million in the same period of 2024, indicating a decrease of about 48%[22] - Deferred revenue at the end of the period increased to $804.5 million from $572.7 million year-over-year, reflecting a growth of approximately 40%[86] - As of December 31, 2025, the company had $5.5 billion in remaining performance obligations, with an expected revenue recognition of 57% to 62% within the next 12 months[88] Stock and Equity - The company reported a loss per share of Class A common stock of $0.34 for Q4 2025, compared to a loss of $0.32 in Q4 2024[16] - Basic loss per share for Class A common stock is calculated by dividing net loss attributable to Class A common stockholders by the weighted average number of shares outstanding[81] - The Company has two classes of common stock, Class A and Class B-1, with Class B-1 shares not entitled to distributions or dividends[81] - As of December 31, 2025, there were 1,739,395 stock options outstanding under the 2020 Unit Option Plan with no unrecognized stock compensation expense[147] - The 2021 Incentive Award Plan had 2,081,778 restricted stock units (RSUs) outstanding as of December 31, 2025, with an unrecognized stock compensation expense of $21.1 million[149] Financing and Debt - The Company issued $400.0 million aggregate principal amount of 2.25% convertible senior notes due 2030[71] - The interest expense for the 2030 Convertible Senior Notes for the three months ended December 31, 2025, was $2.7 million, compared to $571,000 for the same period in 2024[110] - The initial conversion rate for the 2030 Convertible Senior Notes is 46.8472 shares per $1,000 principal amount, equating to an initial conversion price of approximately $21.35 per share[103] - The Company entered into capped call transactions to offset potential dilution from the conversion of the 2030 Convertible Senior Notes[73] Market and Growth - The global utility-scale battery storage market is projected to add approximately 3,201 GWh between 2024 and 2035, driven by the transition to renewable energy[170] - The contracted backlog for energy storage products rose to 9.7 GW, reflecting a 7% increase from 9.1 GW[175] - The pipeline for energy storage products expanded to 41.8 GW, a significant 17% increase from 35.7 GW[175] - Contracted order intake for digital contracts reached 4.3 GW, a 34% increase from 3.2 GW in the same period last year[175] - Assets under management for services increased to 6.2 GW, an 11% rise from 5.6 GW[175] Legal and Compliance - The Company is involved in ongoing litigation seeking approximately $37.0 million in damages related to an energy storage facility, with a cross-complaint against it for $25.0 million[132] - The Company has received limited treasury services from The AES Corporation, recorded in "General and administrative expenses"[140]

Exhibit 99.1 Backlog represents the unrecognized revenue value of our contractual commitments, which include deferred revenue and amounts that will be billed and recognized as revenue in future periods. The company's backlog may vary significantly each reporting period based on the timing of major new contractual commitments and the backlog may fluctuate with currency movements. In addition, under certain circumstances, the Company's customers have the right to terminate contracts or defer the timing of its ...

ARLINGTON, Va., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced its results for the three months ended December 31, 2025. Financial Highlights for Fiscal Quarter ended December 31, 2025 Revenue of approximately $475.2 million, which represents an increase of approximately 154.4% from the same quarter last year.GAAP gross prof ...

Core Viewpoint - Fluence Energy Inc. (NASDAQ:FLNC) has shown strong performance with a 14.22% increase week-on-week as investors prepare for its upcoming earnings report for Q1 FY 2026 [1]. Financial Performance - Fluence Energy is set to release its financial and operational highlights for the first quarter ending December 2025 on February 4, followed by a conference call on February 5 [2]. - The company has projected revenues for the full fiscal year 2026 to be between $3.2 billion and $3.6 billion, with adjusted EBITDA expected to be between $40 million and $60 million [3]. Analyst Ratings - Morgan Stanley has raised its price target for Fluence Energy from $14 to $16 while maintaining an "equal weight" rating [4]. - RBC has increased its fair value assessment for the stock by 20% from $10 to $12, while keeping its "sector perform" rating [4]. Strategic Developments - Fluence Energy has signed a long-term agreement with BrightNight and Cordelio Power to supply its Gridstack Pro energy storage solutions for the Pioneer Clean Energy Center project in Yuma County, Arizona, which includes a 300 MW AC solar facility and a 300 MW/1,200 MWh battery energy storage system [5].

Group 1 - Fluence Energy, Inc. (NASDAQ:FLNC) experienced a significant share price increase of 15.77% from January 22 to January 29, 2026, ranking it among the top-performing energy stocks for that week [1] - Roth Capital raised its price target for Fluence Energy from $17 to $26 while maintaining a 'Neutral' rating, anticipating updates on domestic manufacturing and highlighting a strong backlog due to order activity in Q4 2025 [3] - Morgan Stanley also increased its price target for Fluence Energy from $14 to $16, keeping an 'Equal Weight' rating, as they expect data center leads and the pipeline to exceed 30 GWh in the quarter [4] Group 2 - Fluence Energy is recognized as a global leader in intelligent energy storage and optimization software for renewable energy and storage solutions [2]