NASDAQ$FLNC
Fluence Energy Inc. · Q1 2025 earnings
Q1 2025 earnings · · After market close · Investor relations
Briefing
Fluence Energy, Inc. reported its first fiscal quarter 2025 results, showing a decrease in revenue but an improvement in gross profit margin, alongside a record backlog.
Fluence Energy, Inc. announced its first fiscal quarter 2025 results with revenue of $186.8 million, a 49% decrease year-over-year, primarily due to the backend-loaded nature of expected revenue for fiscal year 2025. Despite the revenue decline, GAAP gross profit margin improved to 11.4% from 10.0% in the prior year. The company reported a net loss of $57.0 million and a record backlog of $5.1 billion.
- Revenue for Q1 2025 was approximately $186.8 million, a decrease of 49% compared to the same quarter last year, attributed to the backend-loaded revenue recognition for fiscal year 2025.
- GAAP gross profit margin improved to 11.4% in Q1 2025, up from 10.0% in the same quarter last year, with Adjusted gross profit margin reaching 12.5%.
- The company reported a net loss of approximately $57.0 million, an increase from a net loss of $25.6 million in the prior year's quarter.
- Fluence achieved a record backlog of approximately $5.1 billion as of December 31, 2024, driven by quarterly order intake of $778.0 million.
Headline financials
Revenue & EPS history
Fluence · Revenue · Quarterly
$187M
Forward guidance
Fluence Energy, Inc. is lowering its fiscal year 2025 total revenue guidance range to $3.1 billion to $3.7 billion (midpoint $3.4 billion) from its prior guidance of $3.6 billion to $4.4 billion (midpoint $4.0 billion). The company is also lowering its fiscal year 2025 Adjusted EBITDA range to $70 million to $100 million (midpoint $85 million) from its prior guidance of $160 million to $200 million (midpoint $180 million). The fiscal year 2025 annual recurring revenue (ARR) guidance of approximately $145 million is reaffirmed.
Tailwinds
- The company reaffirmed its fiscal year 2025 annual recurring revenue (ARR) guidance of approximately $145 million.
- The $3.4 billion midpoint of the revenue guidance range is approximately 85% covered by the current backlog plus revenue recognized year-to-date, indicating a solid foundation for future revenue.
- The company successfully raised $400 million of 2.25% Convertible Senior Notes due 2030, providing additional liquidity and a stronger financial foundation.
- Fluence continues to see a very robust utility scale battery storage market globally and strong interest in its U.S. domestic content product offering.
- The company is executing plans to maintain its leadership position, differentiate its product, and optimize its cost structure, expecting improved financial performance in fiscal year 2026 and beyond.
Headwinds
- The fiscal year 2025 total revenue guidance range was lowered from $3.6-$4.4 billion to $3.1-$3.7 billion.
- The $600 million reduction in revenue from the previous midpoint is primarily due to the timing of certain contracts in Australia that the Company now expects to sign later this year.
- The fiscal year 2025 Adjusted EBITDA range was lowered from $160-$200 million to $70-$100 million.
- The decrease in Adjusted EBITDA is primarily driven by lower expected revenue and lower expected gross margins on recently signed contracts.
- The company has experienced customer-driven delays in signing certain contracts, coupled with competitive pressures, contributing to the need to lower the fiscal year 2025 outlook.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2025
+0.7%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.8%
Avg return
30 days after
50%
9 / 18 earnings
Positive
+39.4%
Q2 2026
Best reaction
-46.4%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +39.4% | +56.9% | +68.8% | |
| Q1 2026 | -34.6% | -34.5% | -49.0% | |
| Q4 2025 | +6.5% | +24.3% | +25.5% | |
| Q2 2025 | +7.6% | +28.2% | +4.7% | |
| Q1 2025 | -46.4% | -50.8% | -60.1% | |
| Q4 2024 | -17.5% | -18.3% | -29.9% | |
| Q3 2024 | +10.9% | +9.8% | +27.8% | |
| Q2 2024 | -9.9% | -16.4% | +7.4% | |
| Q1 2024 | +10.1% | +13.1% | -21.4% | |
| Q4 2023 | +31.4% | +3.9% | +41.7% | |
| Q3 2023 | -5.8% | -12.7% | -4.1% | |
| Q2 2023 | +8.2% | +25.3% | +30.3% | |
| Q1 2023 | +8.7% | -2.2% | -19.0% | |
| Q4 2022 | +36.7% | +25.3% | +34.3% | |
| Q3 2022 | -4.4% | -9.5% | +6.2% | |
| Q2 2022 | -23.4% | -7.0% | +13.3% | |
| Q1 2022 | -2.6% | -18.4% | -30.3% | |
| Q4 2021 | -1.7% | +2.7% | -14.0% | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — |
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