Fluence Energy (FLNC) Accumulated Expenses (2021 - 2026)
Fluence Energy (FLNC) reported Accumulated Expenses of $274.94 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 24.1% from $221.51 million a year earlier and up 8.0% from the prior quarter.
Powered by 
Analysis
Fluence Energy (FLNC) Accumulated Expenses (2021 - 2026) Analysis & Trends
At the end of FY2025 (ended Sep 30, 2025), Fluence Energy posted Accumulated Expenses of $246.24 million, down 27.2% from FY2024.
- Accumulated Expenses has a four-year compound annual growth rate of 7.2% (FY2021 to FY2025).
- By fiscal year, Accumulated Expenses came in at $338.31 million in FY2024 (+92.3%), $175.96 million in FY2023 (-4.3%), $183.81 million in FY2022 (-1.3%) and $186.14 million in FY2021.
- Five-year quarterly Accumulated Expenses spans a low of $25.78 million in fiscal Q2 2024 and a high of $476.99 million in fiscal Q1 2025.
- Year over year, Accumulated Expenses gained in four of the last seven quarters, with growth averaging 28.0%.
- The high point for year-over-year Accumulated Expenses in five years was fiscal Q1 2025 (growth of 177.3%); the low point was fiscal Q2 2024 (a decline of 75.8%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $254.61 million (Q2 2026), $278.02 million (Q1 2026) and $246.24 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn |
| 10 | Fluence Energy | 1.42 Bn | -394.45 Mn | 33.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 274.94 Mn |
| Mar 31, 2026 | 254.61 Mn |
| Dec 31, 2025 | 278.02 Mn |
| Sep 30, 2025 | 246.24 Mn |
| Jun 30, 2025 | 221.51 Mn |
| Mar 31, 2025 | 376.69 Mn |
| Dec 31, 2024 | 476.99 Mn |
| Sep 30, 2024 | 338.31 Mn |
| Jun 30, 2024 | 213.34 Mn |
| Mar 31, 2024 | 25.78 Mn |
| Dec 31, 2023 | 172.01 Mn |
| Sep 30, 2023 | 175.96 Mn |
| Jun 30, 2023 | 95.74 Mn |
| Mar 31, 2023 | 106.45 Mn |
| Dec 31, 2022 | 160.19 Mn |
| Sep 30, 2022 | 183.81 Mn |
| Jun 30, 2022 | 135.41 Mn |
| Mar 31, 2022 | 217.13 Mn |
| Dec 31, 2021 | 214.84 Mn |
| Sep 30, 2021 | 186.14 Mn |
API Access
Fluence Energy Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=FLNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "FLNC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=FLNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();