Fluence Energy

Fluence Energy (FLNC) Q4 2025 Earnings

Reported Nov 24, 2025 at 4:12 PM ET · SEC Source

Q4 25 EPS

$0.13

MISS 43.28%

Est. $0.23

Q4 25 Revenue

$1.04B

MISS 24.93%

Est. $1.39B

vs S&P Since Q4 25

-4.3%

TRAILING MARKET

FLNC +5.4% vs S&P +9.8%

Full Year 2025 Results

FY 25 EPS

$-0.37

MISS 93.11%

Est. $-0.19

FY 25 Revenue

$2.26B

MISS 13.14%

Est. $2.61B

Market Reaction

Did FLNC Beat Earnings? Q4 2025 Results

Fluence Energy delivered a sharply disappointing fiscal fourth quarter, missing on both top and bottom lines as revenue of $1.04 billion fell 15.2% year over year and came in 24.74% below the $1.38 billion consensus estimate, while adjusted earnings … Read more Fluence Energy delivered a sharply disappointing fiscal fourth quarter, missing on both top and bottom lines as revenue of $1.04 billion fell 15.2% year over year and came in 24.74% below the $1.38 billion consensus estimate, while adjusted earnings per share of $0.13 trailed the $0.21 Wall Street forecast by 38.10%. The shortfall was driven in part by U.S. Production delays that pressured revenue recognition, a headwind that weighed on results despite gross margin improvement to 13.7% from 12.8% a year earlier. For the full fiscal year, revenue declined to $2.26 billion from $2.70 billion, and the company swung to a net loss of $68.0 million from net income of $30.37 million in fiscal 2024, as R&D and sales spending climbed aggressively. Still, investors found reasons for optimism: record quarterly order intake of over $1.40 billion pushed backlog to $5.30 billion, and management initiated fiscal 2026 revenue guidance of $3.20 billion to $3.60 billion, roughly 50% growth at the midpoint, with approximately 85% already covered by existing backlog, sending shares up more than 8% following the report.

Key Takeaways

  • Improved GAAP gross profit margin to 13.7% in Q4 and 13.1% for FY2025
  • Record quarterly order intake of over $1.4 billion in Q4
  • Backlog increased to approximately $5.3 billion from $4.5 billion year-over-year
  • Deployed 6.8 GW in FY2025, up 36% from 5.0 GW in FY2024
  • Annual recurring revenue grew to approximately $148.0 million
  • Adjusted EBITDA of $72.2 million in Q4 at top end of guidance range
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FLNC YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

“We believe we are well positioned to capitalize on the accelerating demand for energy storage. We achieved $1.4 billion of new orders for the quarter and 13.7% adjusted gross profit margin for the year, both record results for the Company.”

— Julian Nebreda, Q4 2025 Earnings Press Release