earnings
confidence high
sentiment positive
materiality 0.85
Fluence Energy reports record FY2024 revenue of $2.7B, turns to net income
Fluence Energy, Inc.
2024-FY EPS reported
$0.13
revenue$2,698,562,000
- FY2024 revenue $2.7B, up 22% YoY; Q4 revenue $1.2B, up 82% YoY.
- GAAP net income of $30.4M for FY2024, vs net loss of $104.8M in FY2023.
- Adjusted EBITDA $78.1M (FY2024) vs -$61.4M (FY2023); backlog $4.5B, up from $2.9B.
- Operating cash flow $79.7M, free cash flow $71.6M; both positive vs negative prior year.