Fluence Energy (FLNC) Cost of Revenue (2020 - 2026)
Fluence Energy (FLNC) posted Cost of Revenue of $418.3 million for Q1 2026, down 7.5% sequentially from $452.2 million in Q4 2025, and up 7.51% YoY from $389.0 million in Q1 2025.
Fluence Energy (FLNC) Cost of Revenue (2020 - 2026) Analysis & Trends
Fluence Energy has reported Cost of Revenue for 7 years, with the latest figure at $418.3 million in Q1 2026.
- Quarterly Cost of Revenue rose 7.51% year-over-year to $418.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.3 billion (up 12.7% YoY) and the FY2025 annual result came in at $2.0 billion, down 16.56% from the prior year.
- Cost of Revenue declined to $418.3 million in Q1 2026 per FLNC's latest filing, from $452.2 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.1 billion in Q3 2024 and troughed at $165.6 million in Q4 2024.
- A 5-year average of $488.5 million and a median of $431.2 million in 2022 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue soared 268.08% in 2022, then plunged 49.45% in 2024.
- Over 5 years, Cost of Revenue stood at $298.4 million in 2022, then climbed by 9.77% to $327.6 million in 2023, then slumped by 49.45% to $165.6 million in 2024, then jumped by 173.08% to $452.2 million in 2025, then dropped by 7.5% to $418.3 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $418.3 million, $452.2 million, and $899.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 11.92 Bn | 10.76 Bn | 117.49 Mn | 48.50 Mn |
| 2 | Ormat Technologies | 7.15 Bn | 6.49 Bn | 68.70 Mn | 190.07 Mn |
| 3 | Brookfield Renewable Partners | 4.70 Bn | 2.20 Bn | 623.00 Mn | 453.00 Mn |
| 4 | Clearway Energy | 3.84 Bn | 3.50 Bn | 332.00 Mn | 149.00 Mn |
| 5 | ReNew Energy Global | 2.48 Bn | 2.06 Bn | 269.00 Mn | 70.00 Mn |
| 6 | Fluence Energy | 1.83 Bn | 1.27 Bn | 33.24 Mn | 616.61 Mn |
| 7 | XPLR Infrastructure | 1.08 Bn | 577.85 Mn | - | - |
| 8 | Energy Vault Holdings | 708.95 Mn | 640.20 Mn | 4.79 Mn | 17.09 Mn |
| 9 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | 975.34 Mn |
| 10 | Eco Wave Power Global AB (publ) | 335.24 Mn | 335.24 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 616.61 Mn |
| Jun 30, 2026 | 616.61 Mn |
| Mar 31, 2026 | 418.26 Mn |
| Mar 31, 2026 | 418.26 Mn |
| Dec 31, 2025 | 452.19 Mn |
| Dec 31, 2025 | 452.19 Mn |
| Sep 30, 2025 | 898.99 Mn |
| Sep 30, 2025 | 898.99 Mn |
| Jun 30, 2025 | 513.43 Mn |
| Jun 30, 2025 | 513.43 Mn |
| Mar 31, 2025 | 389.04 Mn |
| Mar 31, 2025 | 389.04 Mn |
| Dec 31, 2024 | 165.59 Mn |
| Dec 31, 2024 | 165.59 Mn |
| Sep 30, 2024 | 1.07 Bn |
| Sep 30, 2024 | 1.07 Bn |
| Jun 30, 2024 | 400.27 Mn |
| Jun 30, 2024 | 400.27 Mn |
| Mar 31, 2024 | 558.96 Mn |
| Mar 31, 2024 | 558.96 Mn |