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Fluence Q3 revenue up 8% to $649.8M but gross margin plunges to 5.1%; net loss $44.3M
Revenue $649.8M (+8% YoY); GAAP gross margin 5.1% vs 14.8% YoY; adjusted gross margin 5.9% vs 15.4%.
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Fluence Energy board member Chris Shelton resigns; Bernerd Da Santos appointed.
Chris Shelton resigned from the Board effective June 3, 2026, with no disagreement over operations.
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Fluence Energy's selling stockholders complete 23M share secondary offering at $21/sh
Secondary offering of 20M shares (plus overallotment of 3M) at $21.00 per share, closed May 15, 2026.
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Fluence Energy Q2 revenue up 7.7% to $464.9M; net loss narrows; reaffirms FY guidance
Revenue $464.9M (+7.7% YoY); GAAP gross margin 10.0%, adjusted 11.1%, both improved from prior year.
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Fluence Energy amends credit facility, extends covenant trigger date to Dec 31, 2026
Entered Amendment Four to Syndicated Facility Agreement on March 31, 2026.
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Fluence Energy enters fourth amendment to credit facility, extends key deadlines to Dec 2026/Jan 2027
Extends Trigger Date from Dec 31, 2025 to Dec 31, 2026; moves leverage ratio test from Jan 1, 2026 to Jan 1, 2027.
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Fluence Energy shareholders approve incentive plan amendment adding 6.7M shares
Shareholders approved amendment to 2021 Incentive Plan, increasing available shares by 6.7M and extending term to Jan 20, 2036.
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Fluence Energy Q1 revenue up 154% to $475M, net loss widens to $62.6M; reaffirms FY2026 guidance
Revenue $475.2M (+154.4% YoY); GAAP gross margin 4.9%, adjusted 5.6%.
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Fluence Energy FY2025 rev $2.3B, net loss $68M; record Q4 orders $1.4B; FY2026 guidance $3.2-3.6B
FY2025 revenue $2.3B vs $2.7B YoY; net loss $68M vs net income $30M YoY.
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Barbara Humpton resigns from Fluence Energy Board effective Sept 30, 2025
Barbara Humpton resigned from the Board and Compensation Committee effective Sept 30, 2025.
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Fluence Q3 rev $602.5M (+24.7% YoY); reaffirms FY guidance but expects lower end
Revenue $602.5M (+24.7% YoY); net income $6.9M vs $1.1M; adjusted EBITDA $27.4M vs $15.6M.
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Fluence Q2 revenue $431.6M (-31% YoY), net loss $41.9M; FY2025 guidance cut sharply on U.S. tariff pause
Revenue $431.6M, down 31% YoY; GAAP gross margin 9.9% (vs 10.3%); net loss $41.9M vs $12.9M loss YoY.
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Fluence Energy announces 2025 annual meeting voting results; all proposals approved
All 12 director nominees elected with at least 342M votes for each.
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Fluence Energy Q1 revenue falls 49% YoY; slashes FY2025 guidance on Australian contract delays
Q1 revenue $186.8M, down 49% YoY; net loss $57.0M, worsened from $25.6M loss a year ago.
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Fluence Energy CPO Rebecca Boll resigns effective Jan 31, 2025; interim leaders named
Rebecca Boll, SVP and Chief Product Officer, resigns effective January 31, 2025 to pursue other opportunities.
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Fluence Energy closes $400M 2.25% convertible notes offering due 2030
$400M aggregate principal (incl. $50M over-allotment), 2.25% interest, matures June 15, 2030.
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Fluence upsizes convertible note offering to $350M at 2.25% due 2030; proceeds for battery line upgrade
Priced $350M of 2.25% convertible senior notes due June 15, 2030, upsized from $300M.
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Fluence Energy reports record FY2024 revenue of $2.7B, turns to net income
FY2024 revenue $2.7B, up 22% YoY; Q4 revenue $1.2B, up 82% YoY.
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Fluence posts record $1.3B quarterly order intake, $4.5B backlog; net income turns positive
Revenue of $483.3M, down 10% YoY; GAAP gross margin improved to 17.2% from 4.1%.
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Fluence Energy retires 65.7M Class B-1 shares, reduces authorized capital
Filed Certificate of Retirement with Delaware on June 6, 2024 to cancel 65,674,195 shares of Class B-1 common stock.
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Fluence Energy board adopts annual say-on-pay votes after shareholder approval
Shareholders voted for annual advisory vote on executive compensation; board concurred.
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Fluence Q2 revenue $623M, loss narrows; cash generation strong, FY2024 guidance reaffirmed
Revenue $623.1M, down 11% YoY on timing of product deliveries; GAAP gross margin 10.3% vs 4.4% YoY.
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Fluence amends $400M ABL facility; zero drawn, cash ~$540M at Mar 31
Amendment to November 2023 Syndicated Facility Agreement; aggregate commitments remain $400M.
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Fluence Energy stockholders elect 12 directors, ratify EY, approve executive pay at 2024 annual meeting
All 12 director nominees elected with 342M+ votes for each; 8.5M broker non-votes.
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Fluence Energy enters $75M receivables purchase agreement with Credit Agricole
Fluence Energy, LLC subsidiary signed Master Receivables Purchase Agreement with Credit Agricole Corporate and Investment Bank on Feb 27, 2024.
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Fluence Energy Q1 revenue $364M (+17% YoY); record $1.1B order intake, backlog $3.7B
Revenue $364.0M (+17% YoY); GAAP gross margin 10.0% vs 3.9% prior year.
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Fluence Energy enters secondary offering of 18M shares by selling stockholders; AES redemption adds 7.1M shares
Secondary offering of 18,000,000 Class A shares by AES Grid Stability, Siemens Pension-Trust, and Qatar Holding LLC closed Dec 8, 2023.
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Fluence Energy reports record FY2023 revenue of $2.2B; first quarterly profit in Q4
Revenue $2.2B for FY2023 (+85% YoY); Q4 revenue $673M (+25% QoQ).
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Fluence Energy closes new $400M asset-backed credit facility, replacing $200M revolver
ABL facility matures November 2027; secured by eligible inventory.
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Fluence Energy reports preliminary FY2023 results; specific figures not available in filing
Press release issued November 16, 2023, contained preliminary financial data for fiscal year ended September 30, 2023.
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Fluence appoints Ahmed Pasha as CFO effective Jan 1, 2024; reaffirms FY2023 revenue guidance $2.0-2.1B
Ahmed Pasha named SVP & CFO, effective Jan 1, 2024; succeeds Manavendra Sial who resigns effective Dec 31, 2023.
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Fluence launches Gridstack Pro energy storage solution; qualifies for IRA domestic content bonus
Gridstack Pro designed for utility-scale projects to improve delivery speed and generate revenue sooner.
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Fluence Energy appoints Michelle Philpot as Chief Accounting Officer, effective Aug 15
Philpot replaces Amrita Chatterjee as principal accounting officer as of Aug 15, 2023.
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Fluence Q3 revenue $536.4M (+124% YoY); raises FY2023 guidance, secures US battery cells
Revenue $536.4M, up 124% YoY; GAAP gross margin 4.1% vs -2.2% last year.
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Fluence Energy names Peter Williams as Chief Supply Chain and Manufacturing Officer, effective July 17, 2023
Peter Williams succeeds Carol Couch as SVP and Chief Supply Chain and Manufacturing Officer, effective July 17, 2023.
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Fluence Energy Q2 FY23 revenue $698M (+104% YoY); raises FY guidance to $1.85-$2.0B
Record quarterly revenue of $698M, up 104% YoY; GAAP gross profit margin improved to 4.4% from (4.3%).
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Fluence Energy stockholders elect 12 directors, ratify Ernst & Young at 2023 annual meeting
93.81% of outstanding common stock represented at March 20, 2023 meeting.
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Fluence Q1 revenue up 78% to $310.5M; net loss narrows to $37.2M; raises FY23 guidance
Revenue $310.5M (+78% YoY); GAAP gross margin 3.9% vs -30.4% prior year.
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Fluence Energy amends charter to allow Class B-1 to Class B-2 stock conversion
Filed Certificate of Amendment permitting optional conversion of Class B-1 common into Class B-2 common at 1:1 ratio.
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Fluence Energy reports record FY2022 revenue of $1.2B; Q4 gross margin turns positive at 2%
FY2022 revenue $1.2B, up 76% YoY; Q4 revenue $442M, up 85% from Q3.
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Fluence Energy adopts charter amendment allowing Class B-1 to Class B-2 share conversion
Board approved amendment to certificate of incorporation to permit Class B-1 common stock conversion to Class B-2 common stock at a 1:1 ratio at any time at holder's option.
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Fluence Energy appoints Ricardo Falu as director, Tish Mendoza to committee
Ricardo Falu appointed to board as AES Grid Stability designee, effective Sept 16, 2022.
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CFO Dennis Fehr to depart Sept 14; Manavendra Sial takes over Sept 15 under separation agreement
Fehr's CFO role ends 11:59 p.m. Sept 14; Sial becomes SVP & CFO effective 12:00 a.m. Sept 15.
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Fluence Energy appoints Manavendra Sial as CFO, replacing Dennis Fehr effective Sept 15
Manavendra Sial appointed SVP and CFO effective Sept 15, 2022; outgoing CFO Dennis Fehr remains non-executive through Oct 15.
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Fluence Energy CEO Manuel Perez Dubuc resigns from board, enters separation agreement
Manuel Perez Dubuc resigned from the Board effective Aug 31, 2022; no disagreement with company.
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Fluence Q3 revenue $239M (-14% YoY), net loss $61M, adj EBITDA -$48M; cash rises $39M to $762M
Revenue of $239M, down 14% YoY due to China COVID lockdowns; gross margin improved to -2% from -5%.
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Fluence Energy names Julian Nebreda as CEO effective Sept 1, replacing Manuel Perez Dubuc
Julian Nebreda appointed President and CEO, effective September 1, 2022; Manuel Perez Dubuc steps down August 31.
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Fluence Energy amends 8-K to correct Siemens redemption: 58.6M units converted to Class A shares
Siemens Industry exercised redemption of 58,586,695 common units of Fluence Energy, LLC on June 30, 2022.
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Fluence Energy to issue 59.6M Class A shares to Siemens in unit redemption
Siemens Industry exercises redemption for 59,586,695 common units, to be settled with 59,586,695 Class A shares.
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Fluence Chief Digital Officer Seyed Madaeni to step down on June 14, 2022
Seyed Madaeni resigns as SVP and Chief Digital Officer effective June 14, 2022.