Fluence Energy (FLNC) Research & Development (2020 - 2026)
Fluence Energy (FLNC) posted Research & Development of $21.1 million for Q1 2026, down 4.36% sequentially from $22.0 million in Q4 2025, and down 4.74% YoY from $22.1 million in Q1 2025.
Fluence Energy (FLNC) Research & Development (2020 - 2026) Analysis & Trends
Fluence Energy has reported Research & Development for 7 years, with the latest figure at $21.1 million in Q1 2026.
- Quarterly Research & Development fell 4.74% year-over-year to $21.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $96.1 million (up 35.2% YoY) and the FY2025 annual result came in at $86.2 million, up 35.05% from the prior year.
- Research & Development retreated to $21.1 million in Q1 2026 per FLNC's latest filing, from $22.0 million in the prior quarter.
- Over five years, Research & Development peaked at $27.0 million in Q3 2025 and troughed at -$10.5 million in Q3 2023.
- A 5-year average of $15.2 million and a median of $15.8 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2023: Research & Development surged 282.47% in 2022, then sank 210.01% in 2023.
- Over 5 years, Research & Development stood at $8.8 million in 2022, then soared by 75.61% to $15.4 million in 2023, then climbed by 17.89% to $18.2 million in 2024, then climbed by 21.04% to $22.0 million in 2025, then decreased by 4.36% to $21.1 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $21.1 million, $22.0 million, and $27.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 11.92 Bn | 10.76 Bn | 117.49 Mn | 4.69 Mn |
| 2 | Ormat Technologies | 7.15 Bn | 6.49 Bn | 68.70 Mn | 5.97 Mn |
| 3 | Brookfield Renewable Partners | 4.70 Bn | 2.20 Bn | 623.00 Mn | - |
| 4 | Clearway Energy | 3.84 Bn | 3.50 Bn | 332.00 Mn | - |
| 5 | ReNew Energy Global | 2.48 Bn | 2.06 Bn | 269.00 Mn | - |
| 6 | Fluence Energy | 1.83 Bn | 1.27 Bn | 33.24 Mn | 25.30 Mn |
| 7 | XPLR Infrastructure | 1.08 Bn | 577.85 Mn | - | - |
| 8 | Energy Vault Holdings | 708.95 Mn | 640.20 Mn | 4.79 Mn | 2.59 Mn |
| 9 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | - |
| 10 | Eco Wave Power Global AB (publ) | 335.24 Mn | 335.24 Mn | - | -140,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.30 Mn |
| Mar 31, 2026 | 21.07 Mn |
| Dec 31, 2025 | 22.03 Mn |
| Sep 30, 2025 | 27.00 Mn |
| Jun 30, 2025 | 26.01 Mn |
| Mar 31, 2025 | 22.12 Mn |
| Dec 31, 2024 | 18.20 Mn |
| Sep 30, 2024 | 16.00 Mn |
| Jun 30, 2024 | 14.77 Mn |
| Mar 31, 2024 | 15.79 Mn |
| Dec 31, 2023 | 15.44 Mn |
| Sep 30, 2023 | -10.52 Mn |
| Jun 30, 2023 | 9.92 Mn |
| Mar 31, 2023 | 10.40 Mn |
| Dec 31, 2022 | 8.79 Mn |
| Sep 30, 2022 | 9.56 Mn |
| Jun 30, 2022 | 18.13 Mn |
| Mar 31, 2022 | 13.34 Mn |
| Dec 31, 2021 | 13.06 Mn |
| Sep 30, 2021 | 5.88 Mn |