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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 30.72 Bn | 28.40 Bn | 2.59 Bn | - |
| 2 | Enlight Renewable Energy | 9.46 Bn | 8.16 Bn | 117.49 Mn | -4.69 Mn |
| 3 | Ormat Technologies | 6.42 Bn | 5.77 Bn | 68.70 Mn | 5.97 Mn |
| 4 | Brookfield Renewable Partners | 4.65 Bn | 2.41 Bn | 927.00 Mn | - |
| 5 | Clearway Energy | 3.45 Bn | 3.11 Bn | 332.00 Mn | - |
| 6 | ReNew Energy Global | 2.48 Bn | 2.09 Bn | - | - |
| 7 | Fluence Energy | 1.46 Bn | 894.31 Mn | 33.24 Mn | 25.30 Mn |
| 8 | XPLR Infrastructure | 1.12 Bn | 1.12 Bn | 219.00 Mn | - |
| 9 | Energy Vault Holdings | 621.58 Mn | 514.23 Mn | 5.38 Mn | 2.87 Mn |
| 10 | Eco Wave Power Global AB (publ) | 283.14 Mn | 283.14 Mn | - | 78,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.30 Mn |
| Mar 31, 2026 | 23.27 Mn |
| Dec 31, 2025 | 22.03 Mn |
| Sep 30, 2025 | 20.89 Mn |
| Jun 30, 2025 | 26.01 Mn |
| Mar 31, 2025 | 22.12 Mn |
| Dec 31, 2024 | 18.20 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 | 10.11 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 | 13.06 Mn |
| Sep 30, 2021 | 6.18 Mn |