Below are the financial statements of Fluence Energy, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 1,601.56a | 1,564.17a | 552.27a |
| Revenue from related parties | 1,097a | 653.81a | 646.33a |
| Total revenue | 2,698.56a | 2,217.98a | 1,198.6a |
| Cost of goods and services | -2,357.48a | -2,077.02a | -1,260.96a |
| Gross profit (loss) | 341.08a | 140.96a | -62.35a |
| Operating expenses | — | — | — |
| Research and development | -66.2a | -66.31a | -60.14a |
| Sales and marketing | -63.84a | -41.11a | -37.21a |
| General and administrative | -173a | -136.31a | -116.71a |
| Depreciation and amortization | -11.43a | -9.84a | -7.11a |
| Interest income, net | -5.68a | -5.39a | -0.33a |
| Other (income) expense, net | -7.28a | -6.95a | 4.63a |
| Income (loss) before income taxes | 39.57a | -100.27a | -287.82a |
| Income tax expense | -9.21a | -4.55a | -1.36a |
| Net income (loss) | 30.37a | -104.82a | -289.18a |
| Net income (loss) attributable to non-controlling interest | 7.65a | -35.2a | -184.69a |
| Net income (loss) attributable to Fluence Energy, Inc. | 22.72a | -69.62a | -104.49a |
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