Core Insights - Fluence Energy, Inc. reported record financial results for the fiscal year 2025, achieving $1.4 billion in new orders for the quarter and a 13.7% adjusted gross profit margin for the year, indicating strong demand for energy storage solutions [3][5]. Fiscal Year 2025 Financial Highlights - Total revenue for fiscal year 2025 was approximately $2.3 billion, a decrease from $2.7 billion in fiscal year 2024 [5]. - The company experienced a net loss of $68.0 million for fiscal year 2025, compared to a net income of approximately $30.4 million in fiscal year 2024 [5]. - Adjusted EBITDA for fiscal year 2025 was $19.5 million, down from $78.1 million in fiscal year 2024 [5]. - Annual recurring revenue (ARR) reached approximately $148.0 million by the end of fiscal year 2025 [5]. Fiscal Year 2026 Outlook - Fluence is projecting revenue growth of 50% for fiscal year 2026, with approximately 85% of the revenue forecast already secured in the backlog [4][6]. - The company anticipates adjusted EBITDA to be in the range of $40.0 million to $60.0 million for fiscal year 2026, with a midpoint of $50.0 million [6]. Key Operating Metrics - Deployed energy storage products increased to 6.8 GW in fiscal year 2025, up from 5.0 GW in fiscal year 2024, representing a 36.0% increase [37]. - The contracted backlog for energy storage products grew to 9.1 GW, a 21.3% increase from 7.5 GW in fiscal year 2024 [37]. - The pipeline of projects expanded to 35.7 GW, reflecting a 38.4% increase from 25.8 GW in fiscal year 2024 [37]. Cash and Liquidity Position - Total cash and liquidity reached approximately $1.3 billion as of September 30, 2025, the highest level in the company's history, compared to approximately $1.0 billion as of September 30, 2024 [5].