Fluence Energy Files Q1 2025 10-Q
Ticker: FLNC · Form: 10-Q · Filed: Feb 10, 2025 · CIK: 1868941
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Fluence Energy filed their Q1 2025 10-Q, covering the period ending Dec 31, 2024.
AI Summary
Fluence Energy, Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the first quarter of their fiscal year, which began on October 1, 2024. The company is based in Arlington, VA, and operates in the miscellaneous electrical machinery sector.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Fluence Energy, Inc. as of the end of the first quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Numbers
- 21.35 — P12M (12-month period metric)
- 0.0468472 — P1Y (1-year period metric)
Key Players & Entities
- Fluence Energy, Inc. (company) — Filer of the 10-Q
- 2024-12-31 (date) — End of reporting period
- 2025-02-10 (date) — Filing date
- Arlington, VA (location) — Company headquarters
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on February 10, 2025.
What is Fluence Energy, Inc.'s fiscal year end?
Fluence Energy, Inc.'s fiscal year ends on September 30.
What is the company's primary business classification?
The company's Standard Industrial Classification is MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690].
What are the company's headquarters located?
The company's business address is located at 4601 Fairfax Drive, Suite 600, Arlington, VA 22203.
Filing Stats: 4,591 words · 18 min read · ~15 pages · Grade level 19.6 · Accepted 2025-02-10 16:09:24
Key Financial Figures
- $0.00001 — which registered Class A common stock, $0.00001 par value FLNC The Nasdaq Global Select
Filing Documents
- flnc-20241231.htm (10-Q) — 1397KB
- a1q10-q2025ex311.htm (EX-31.1) — 10KB
- a1q10-q2025ex312.htm (EX-31.2) — 10KB
- a1q10-q2025ex321.htm (EX-32.1) — 5KB
- a1q10-q2025ex322.htm (EX-32.2) — 5KB
- 0001868941-25-000015.txt ( ) — 8891KB
- flnc-20241231.xsd (EX-101.SCH) — 67KB
- flnc-20241231_cal.xml (EX-101.CAL) — 83KB
- flnc-20241231_def.xml (EX-101.DEF) — 446KB
- flnc-20241231_lab.xml (EX-101.LAB) — 772KB
- flnc-20241231_pre.xml (EX-101.PRE) — 605KB
- flnc-20241231_htm.xml (XML) — 1135KB
- Financial Information
Part I - Financial Information 5 Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) 5 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Operations 6 Condensed Consolidated Statements of Other Comprehensive Income ( Loss ) 7 Condensed Consolidated Statements of Changes in Stockholders' Equity 8 Condensed Consolidated Statements of Cash Flows 10 Notes to Condensed Consolidated Financial Statements 11 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 39 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 56 Item 4.
Controls and Procedures
Controls and Procedures 57
- Other Information
Part II - Other Information 58 Item 1.
Legal Proceedings
Legal Proceedings 58 Item 1A.
Risk Factors
Risk Factors 59 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 63 Item 3. Defaults Upon Senior Securities 63 Item 4. Mine Safety Disclosures 63 Item 5. Other Information 63 Item 6. Exhibits 64
Signatures
Signatures 66 2 Table of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2024 (this "Report") contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical facts contained in this Report are forward-looking statements. In particular, statements regarding our future results of operations and financial position, operational performance, business strategy, growth, and leadership position, introduction of new technology, our ability to differentiate our product and optimize our cost structure, liquidity and access to capital and cash flows, future revenue recognition and estimated revenues, future capital expenditures and debt service obligations, statements regarding expected growth and demand for our energy storage solutions, services, and digital application offerings, relationships with new and existing customers and suppliers, introduction of new energy storage solutions, services, and digital application offerings and adoption of such offerings by customers, potential impacts from competitive pressures, assumptions relating to the Company's tax receivable agreement, expectations relating to backlog, pipeline, and contracted backlog, current expectations relating to legal proceedings, anticipated impact and benefits from the Inflation Reduction Act of 2022 (the "IRA") and related domestic content guidelines on us and our customers, potential impact of proposed or recently enacted policies, regulations, and other executive actions from the current U.S. political administr
- Financial Information
Part I - Financial Information
Financial Statements
Item 1. Financial Statements FLUENCE ENERGY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (U.S. Dollars in Thousands, except share and per share amounts) Unaudited December 31, 2024 September 30, 2024 Assets Current assets: Cash and cash equivalents $ 607,356 $ 448,685 Restricted cash 24,384 46,089 Trade receivables, net 146,956 216,458 Unbilled receivables 156,076 172,115 Receivables from related parties 252,302 362,523 Advances to suppliers 175,485 174,532 Inventory, net 543,415 182,601 Current portion of notes receivable - pledged as collateral — 30,921 Other current assets 77,654 46,519 Total current assets 1,983,628 1,680,443 Non-current assets: Property and equipment, net $ 18,845 $ 15,350 Intangible assets, net 58,589 60,002 Goodwill 26,199 27,482 Deferred income tax asset 8,076 8,880 Other non-current assets 118,640 110,031 Total non-current assets 230,349 221,745 Total assets $ 2,213,977 $ 1,902,188 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 101,858 $ 436,744 Deferred revenue 572,735 274,499 Deferred revenue with related parties 33,169 38,162 Current portion of borrowings against note receivable - pledged as collateral — 30,360 Personnel related liabilities 25,538 58,584 Accruals and provisions 476,985 338,311 Taxes payable 40,273 57,929 Other current liabilities 10,809 24,246 Total current liabilities 1,261,367 1,258,835 Non-current liabilities: Deferred income tax liability $ 6,624 $ 7,114 Convertible senior notes, net 389,096 — Other non-current liabilities 27,590 29,100 Total non-current liabilities 423,310 36,214 Total liabilities 1,684,677 1,295,049 Stockholders' Equity: Preferred stock, $ 0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of December 31, 2024 and September 30, 2024 — — Class A common stock, $ 0.00001 par value per share, 1,200,000,000 shares authorized; 130,738,446 shares issued and 129,929,023 shares outstanding as of