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]

Financial Performance - Revenue for the first quarter of 2026 was approximately $475.2 million, representing an increase of approximately 154.4% compared to the same quarter last year[7] - The company reported a net loss of approximately $62.6 million, compared to a net loss of approximately $57.0 million for the same quarter last year[7] - Adjusted EBITDA for the first quarter of 2026 was approximately $(52.1) million, compared to approximately $(49.7) million for the same quarter last year[7] - Total revenue for the three months ended December 31, 2025, was $475,234,000, a significant increase from $186,788,000 in the same period of 2024, representing a growth of 154%[29] - Gross profit for the same period was $23,049,000, compared to $21,201,000 in the prior year, indicating a slight increase of 8.7%[29] - The net loss for the three months ended December 31, 2025, was $62,588,000, compared to a net loss of $57,013,000 in the same period of 2024, reflecting an increase in losses of 9.1%[30] - The company reported a loss per share of Class A common stock of $0.34 for the three months ended December 31, 2025, compared to a loss of $0.32 in the same period of 2024[29] - Free cash flow for the three months ended December 31, 2025, was $(232.619) million, compared to $(213.341) million in the previous year[46] Liquidity and Assets - Total liquidity was approximately $1.1 billion as of December 31, 2025, including $378.3 million available under the revolving credit facility[7] - Cash and cash equivalents decreased to $452,563,000 as of December 31, 2025, down from $690,768,000 as of September 30, 2025, a decline of 34.4%[28] - Total assets decreased to $2,269,652,000 as of December 31, 2025, from $2,357,000,000 as of September 30, 2025, a reduction of 3.7%[28] - Total liabilities decreased to $1,781,428,000 as of December 31, 2025, from $1,808,152,000 as of September 30, 2025, a decrease of 1.5%[28] Backlog and Guidance - The backlog as of December 31, 2025, reached approximately $5.5 billion, the highest level in the company's history, following over $750 million in order intake during the first quarter[7] - The company reaffirmed its fiscal year 2026 revenue guidance of approximately $3.2 billion to $3.6 billion, with a midpoint of $3.4 billion fully covered by orders in backlog[8] - Adjusted EBITDA guidance for fiscal year 2026 is projected to be approximately $40.0 million to $60.0 million, with a midpoint of $50.0 million[8] - Annual recurring revenue (ARR) is expected to reach approximately $180.0 million by the end of fiscal year 2026[9] Research and Development - Research and development expenses for the three months ended December 31, 2025, were $18,541,000, compared to $17,195,000 in the same period of 2024, an increase of 7.8%[29] Energy Storage Products and Solutions - Energy Storage Products and Solutions deployed increased to 7.2 GW, a 6% increase from 6.8 GW[34] - Contracted backlog for Energy Storage Products and Solutions rose to 9.7 GW, reflecting a 7% increase from 9.1 GW[34] - The pipeline for Energy Storage Products and Solutions expanded to 41.8 GW, a significant 17% increase from 35.7 GW[34] Digital Contracts and Services - Contracted services increased by 60% to 0.8 GW compared to 0.5 GW in the previous year[40] - Digital contracted revenue grew by 34% to 4.3 GW from 3.2 GW year-over-year[40] - Assets under management for services rose to 6.2 GW, an 11% increase from 5.6 GW[34] - The pipeline for digital contracts increased to 71.5 GW, a 12% rise from 63.7 GW[34] Other Financial Metrics - The deferred revenue increased to $804,489,000 as of December 31, 2025, from $640,457,000 as of September 30, 2025, an increase of 25.6%[28] - The company had a net cash used in operating activities of $226,792,000 for the three months ended December 31, 2025, compared to $211,232,000 in the same period of 2024, an increase of 7.4%[31] - Adjusted gross profit margin decreased to 5.6% from 12.5% year-over-year[46]

Core Insights - Fluence Energy, Inc. reported significant growth in revenue and backlog, driven by increasing global demand for energy storage solutions [3][5][6]. Financial Performance - Revenue for the fiscal quarter ended December 31, 2025, was approximately $475.2 million, representing an increase of about 154.4% compared to the same quarter last year [5]. - The company reported a net loss of approximately $62.6 million, compared to a net loss of approximately $57.0 million for the same quarter last year [5]. - Adjusted EBITDA for the quarter was approximately $(52.1) million, compared to approximately $(49.7) million for the same quarter last year [5]. - The gross profit margin was approximately 4.9%, with an adjusted gross profit margin of 5.6% [5]. Backlog and Order Intake - The backlog as of December 31, 2025, reached approximately $5.5 billion, the highest level in the company's history, following over $750 million in order intake during the first quarter of 2026 [5][6]. - The company's pipeline has grown by approximately 30% to $30 billion since September 2025, reflecting strong demand from data centers, utilities, and industrial sectors [3]. Fiscal Year 2026 Outlook - The company reaffirmed its fiscal year 2026 guidance, expecting revenue between approximately $3.2 billion and $3.6 billion, with a midpoint of $3.4 billion fully covered by orders in backlog [6]. - Adjusted EBITDA for fiscal year 2026 is projected to be approximately $40.0 million to $60.0 million, with a midpoint of $50.0 million [6]. Key Operating Metrics - As of December 31, 2025, the company had 7.2 GW of deployed energy storage products, a 6% increase from September 2025 [31]. - The contracted backlog for energy storage products was 9.7 GW, up 7% from the previous quarter [31]. - The total pipeline for energy storage products reached 41.8 GW, reflecting a 17% increase [31].

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]

Wall Street expects a year-over-year increase in earnings on higher revenues when Fluence Energy, Inc. (FLNC) reports results for the quarter ended December 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 4, might help the stock move higher if these key numbers are better th ...

Core Viewpoint - Fluence Energy, Inc. (FLNC) is currently outperforming its peers in the Oils-Energy sector, with a year-to-date performance of 37.1% compared to the sector average of 15.3% [4]. Company Performance - Fluence Energy, Inc. has a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3]. - Over the past 90 days, the Zacks Consensus Estimate for FLNC's full-year earnings has increased by 6.7%, reflecting improving analyst sentiment [3]. - The stock has shown a year-to-date gain of 37.1%, significantly higher than the average gain of 15.3% in the Oils-Energy group [4]. Industry Context - Fluence Energy, Inc. is part of the Alternative Energy - Other industry, which includes 47 stocks and has an average year-to-date gain of 39.7%, indicating that FLNC is slightly underperforming its industry [6]. - The Oils-Energy sector includes 237 companies, with Fluence Energy ranked 15 in the Zacks Sector Rank [2]. - Another notable stock in the Oils-Energy sector is Neste OYJ - Unsponsored ADR (NTOIY), which has also outperformed the sector with a year-to-date gain of 15.3% and a Zacks Rank of 2 (Buy) [4][5].

Core Insights - Fluence Energy Inc. (NASDAQ:FLNC) reached a new two-year high, driven by investor interest ahead of its upcoming earnings report and a new supply agreement [1][3]. Stock Performance - During intra-day trading, Fluence Energy's stock peaked at $26.32 before closing at $25.50, reflecting a 12.58% increase [2]. Upcoming Earnings - The company is set to release its financial results for the first quarter of fiscal year 2026 on February 4, 2026, after market close, followed by a conference call on February 5, 2026, at 8:30 AM EST [2]. New Supply Agreement - Fluence Energy has secured 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 [3]. Project Details - The Pioneer Clean Energy Center will feature a 300 MW AC solar facility paired with a 300 MW/1,200 MWh battery energy storage system, aimed at providing reliable electricity capacity for Arizona [4]. Technology and Security - The Gridstack Pro solution will utilize US-manufactured components, contributing to the advancement of domestic energy storage technology and enhancing American energy security [4][5].

Group 1: Robotics Sector - The robotics concept stocks experienced a broad increase, with notable gains from companies like XAG (02590) up 5.93%, Yunji (02670) up 5.10%, and Blues Technology (06613) up 4.82%. According to an Omdia report, the global annual installation of humanoid robots is expected to add approximately 16,000 units by 2025, with Zhiyuan Robotics leading the market in installations [1][2] - Tianyue Advanced (02631) surged over 15.8% as a report from Zheshang Securities highlighted its active expansion into silicon carbide applications in emerging fields, indicating long-term growth potential [1] - WeRide (00800) rose over 3.4% as it announced that its global Robotaxi fleet will reach 1,000 vehicles by January 12, 2026, with successful commercial operations in cities like Guangzhou, Beijing, and Abu Dhabi [1] - Cao Cao Mobility (02643) increased nearly 8% following its announcement of two strategic acquisitions, including a full acquisition of Weixing Technology and plans to acquire Geely Business Travel [1] Group 2: Energy and Materials Sector - Oil and gas stocks saw significant declines, with Shandong Molong (00568) dropping over 8.1% due to a sharp decrease in international oil prices, with Brent crude futures falling by $2.76 or 4.15% to $63.76 per barrel [2] - Innovation Industry (02788) rose nearly 8% as aluminum prices have surged significantly since 2026, with Huatai Securities indicating that the overall supply-demand tightness will continue, supporting a long-term profit increase in the aluminum sector [2] Group 3: Aerospace and Technology Sector - The commercial aerospace sector showed signs of recovery, with companies like Asia Pacific Satellite (01045) and JunDa Co. (02865) both rising by 5.02%. This follows Elon Musk's announcement that SpaceX aims to increase Starship launch frequency to over once per hour within three years [2] - Weichai Power (02338) increased over 4.9% as it announced advancements in solid-state battery research and strong demand for its power generation products [3] - Zhaoyi Innovation (03986) rose over 6.2% as a Counterpoint Research report indicated that the memory market has entered a "super bull market," surpassing historical highs from 2018 [4] Group 4: US Market Highlights - Nuclear power stocks strengthened, with Talen Energy (TLN.US) up 11.8% and Vistra Energy (VST.US) up 6.63%, following news of a new bipartisan bill proposing a $2.5 billion Strategic Resilience Reserve to secure key minerals domestically [5] - Morgan Stanley (MS.US) rose 5.78% after reporting Q4 revenue growth of 10% to $17.89 billion, exceeding market expectations [5] - The weight loss drug sector faced pressure, with Eli Lilly (LLY.US) down 3.76% as its weight loss drug was placed under FDA review, delaying a decision until April 2026 [6] - Dell Technologies (DELL.US) increased by 0.82% as Omdia reported a significant recovery in the global PC market, with a projected 9.2% increase in total shipments for 2025 [8]

Core Viewpoint - Fluence Energy, Inc. will report its earnings for the first quarter ended December 31, 2025, on February 4, 2026, after market close [1] Group 1: Earnings Announcement - The earnings report will be followed by a teleconference on February 5, 2026, at 8:30 a.m. EST to discuss the results [2] - Analysts must register to participate in the teleconference and are encouraged to do so at least 15 minutes before the start time [2] Group 2: Teleconference Participation - General audience participants can join the teleconference in a listen-only mode via a webcast link or the company's website [3] - Supplemental materials referenced during the teleconference will be available on the company's website [3] Group 3: Replay Information - A replay of the conference call will be accessible after 1 p.m. on February 5, 2026, on the company's website [4] Group 4: Company Overview - Fluence Energy, Inc. is a global leader in intelligent energy storage and optimization software for renewables and storage [5] - The company operates in nearly 50 markets, managing gigawatts of projects to enhance grid resilience and maximize renewable energy potential [5]