Fluence Energy (FLNC) Research & Development (2020 - 2026)
Fluence Energy (FLNC) reported Research & Development of $23.74 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 8.7% from $26.01 million a year earlier but up 12.7% from the prior quarter.
Fluence Energy (FLNC) Research & Development (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Fluence Energy's Research & Development came in at $84.24 million, up 0.7% year-over-year; for FY2025 (ended Sep 30, 2025), it came in at $86.22 million, up 30.2% from FY2024.
- Research & Development has a five-year compound annual growth rate of 49.5% (FY2020 to FY2025).
- By fiscal year, Research & Development came in at $66.2 million in FY2024 (-0.2%), $66.31 million in FY2023 (+10.3%), $60.14 million in FY2022 (+156.7%) and $23.43 million in FY2021 (+103.1%).
- Five-year quarterly Research & Development spans a low of $6.18 million in fiscal Q4 2021 and a high of $26.01 million in fiscal Q3 2025.
- Year over year, Research & Development gained in six of the last eight quarters, with growth averaging 18.2%.
- The high point for year-over-year Research & Development in five years was fiscal Q3 2022 (growth of 282.5%); the low point was fiscal Q3 2023 (a decline of 45.3%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $21.07 million (Q2 2026), $18.54 million (Q1 2026) and $20.89 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.94 Bn | 214.01 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 77.11 Bn | 68.94 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 18.59 Bn | 9.54 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.31 Bn | 10.61 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Generac Holdings | 12.11 Bn | 10.94 Bn | 521.81 Mn | 65.78 Mn |
| 6 | Nextpower | 12.00 Bn | 7.89 Bn | 335.85 Mn | 44.51 Mn |
| 7 | EnerSys | 6.46 Bn | 4.66 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.08 Bn | -774.96 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.51 Bn | 1.40 Bn | 133.10 Mn | 10.10 Mn |
| 10 | Fluence Energy | 1.38 Bn | -427.67 Mn | 33.24 Mn | 23.74 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.74 Mn |
| Mar 31, 2026 | 21.07 Mn |
| Dec 31, 2025 | 18.54 Mn |
| Sep 30, 2025 | 20.89 Mn |
| Jun 30, 2025 | 26.01 Mn |
| Mar 31, 2025 | 22.12 Mn |
| Dec 31, 2024 | 17.20 Mn |
| Sep 30, 2024 | 18.35 Mn |
| Jun 30, 2024 | 14.98 Mn |
| Mar 31, 2024 | 17.43 Mn |
| Dec 31, 2023 | 15.44 Mn |
| Sep 30, 2023 | 14.68 Mn |
| Jun 30, 2023 | 9.92 Mn |
| Mar 31, 2023 | 22.55 Mn |
| Dec 31, 2022 | 19.16 Mn |
| Sep 30, 2022 | 17.92 Mn |
| Jun 30, 2022 | 18.13 Mn |
| Mar 31, 2022 | 13.34 Mn |
| Dec 31, 2021 | 10.76 Mn |
| Sep 30, 2021 | 6.18 Mn |
Fluence Energy Research & Development 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=research-and-development&ticker=FLNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=FLNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();