Fluence Energy (FLNC) Operating Expenses (2020 - 2026)
Fluence Energy (FLNC) recorded Operating Expenses of $61.48 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 0.2% from $61.61 million a year earlier but up 5.5% from the prior quarter.
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Analysis
Fluence Energy (FLNC) Operating Expenses (2020 - 2026) Analysis & Trends
On a TTM basis, Fluence Energy's Operating Expenses came in at $250.4 million as of Jun 30, 2026, up 2.8% year-over-year; for FY2025 (ended Sep 30, 2025), it was $260.59 million, up 6.5% from FY2024.
- Annual Operating Expenses has increased for five straight fiscal years, with a five-year compound annual growth rate of 54.1% (FY2020 to FY2025).
- Across earlier fiscal years, Operating Expenses came in at $244.79 million in FY2024 (+18.3%), $206.92 million in FY2023 (+15.4%), $179.25 million in FY2022 (+184.6%) and $62.99 million in FY2021 (+110.1%).
- Quarterly Operating Expenses has ranged from $20.1 million in fiscal Q4 2021 to $70.24 million in fiscal Q4 2025 over the past five years.
- On a year-over-year basis, Operating Expenses rose in six of the last eight quarters, with growth averaging 6.2%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 286.1% in fiscal Q1 2022, against a decline of 8.2% in fiscal Q2 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $58.3 million (Q2 2026), $60.39 million (Q1 2026) and $70.24 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 173.34 Mn |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 154.62 Mn |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 811.92 Mn |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 311.38 Mn |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 144.95 Mn |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | 151.24 Mn |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 123.50 Mn |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 115.20 Mn |
| 10 | Fluence Energy | 1.38 Bn | -427.67 Mn | 33.24 Mn | 61.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.48 Mn |
| Mar 31, 2026 | 58.30 Mn |
| Dec 31, 2025 | 60.39 Mn |
| Sep 30, 2025 | 70.24 Mn |
| Jun 30, 2025 | 61.61 Mn |
| Mar 31, 2025 | 63.53 Mn |
| Dec 31, 2024 | 53.90 Mn |
| Sep 30, 2024 | 64.45 Mn |
| Jun 30, 2024 | 60.08 Mn |
| Mar 31, 2024 | 61.49 Mn |
| Dec 31, 2023 | 53.17 Mn |
| Sep 30, 2023 | 49.79 Mn |
| Jun 30, 2023 | 48.06 Mn |
| Mar 31, 2023 | 54.33 Mn |
| Dec 31, 2022 | 50.43 Mn |
| Sep 30, 2022 | 50.85 Mn |
| Jun 30, 2022 | 45.46 Mn |
| Mar 31, 2022 | 38.58 Mn |
| Dec 31, 2021 | 41.96 Mn |
| Sep 30, 2021 | 20.10 Mn |
API Access
Fluence Energy Operating 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=operating-expenses&ticker=FLNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-expenses&ticker=FLNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();