← Fluence Energy, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Depreciation and amortization | $3.0m | $5.1m | $7.1m | $10.7m | $14.5m | $29.3m | |
| Amortization of debt issuance costs | $0 | $0 | $778k | $914k | $3.1m | $4.2m | |
| Deferred income taxes | $1.9m | ($1.3m) | $516k | $2.5m | ($6.7m) | $6.4m | |
| Net (loss) income | ($46.7m) | ($162.0m) | ($289.2m) | ($104.8m) | $30.4m | ($68.0m) | |
| Inventory provision (recovery) | $0 | $14.2m | $2.5m | ($1.0m) | $24.0m | $7.0m | |
| Stock-based compensation | — | $0 | $44.1m | $26.9m | $23.9m | $19.5m | |
| Trade receivables | ($25.1m) | ($25.3m) | ($29.2m) | ($13.4m) | ($114.6m) | ($56.7m) | |
| Unbilled receivables | ($90.3m) | ($1.9m) | ($36.5m) | ($50.5m) | $24.7m | ($68.0m) | |
| Receivables from related parties | ($45.8m) | $15.9m | ($78.7m) | $53.6m | ($304.0m) | $161.8m | |
| Advances to suppliers | $1.2m | ($6.9m) | ($45.0m) | ($36.5m) | ($64.3m) | $49.1m | |
| Inventory | ($26.6m) | ($366.7m) | ($265.5m) | $432.8m | $21.7m | ($278.7m) | |
| Other current assets | ($4.4m) | ($21.6m) | $1.4m | ($36.8m) | ($11.0m) | $20.4m | |
| Other non-current assets | $2.5m | ($1.2m) | ($35.2m) | ($16.6m) | ($28.1m) | ($86.8m) | |
| Accounts payable | $63.1m | $73.9m | $152.5m | ($242.2m) | $370.1m | ($119.2m) | |
| Deferred revenue | $70.9m | ($52.5m) | $201.0m | ($6.9m) | ($9.8m) | $403.6m | |
| Current accruals and provisions | $122.8m | $21.3m | ($32.4m) | ($6.9m) | $160.2m | ($93.6m) | |
| Taxes payable | $762k | $7.0m | ($1.8m) | $15.8m | $22.8m | ($27.9m) | |
| Other current liabilities | $4.1m | $4.6m | $6.4m | $39.5m | $18.2m | ($58.3m) | |
| Other non-current liabilities | ($1.1m) | ($466k) | ($3.7m) | $18.1m | ($23.3m) | $10.4m | |
| Purchase of property and equipment | ($1.8m) | ($4.3m) | ($7.9m) | ($3.0m) | ($8.1m) | ($14.9m) | |
| Proceeds from borrowing against note receivable - pledged as collateral | — | $0 | $0 | $48.2m | $0 | $0 | |
| Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards | — | — | ($5.0m) | ($2.8m) | ($1.7m) | ($753k) | |
| Proceeds from issuance of 2030 Convertible Senior Notes | — | — | — | $0 | $0 | $400.0m | |
| Purchases of Capped Calls related to 2030 Convertible Senior Notes | — | — | — | $0 | $0 | ($29.0m) | |
| Proceeds from exercise of stock options | $0 | $0 | $3.1m | $7.2m | $5.3m | $2.2m | |
| Distribution to AES Grid Stability | — | — | — | $0 | $0 | ($1.0m) | |
| Principal payments on finance leases | — | — | — | $0 | $0 | ($2.4m) | |
| Payments for acquisitions | — | — | $0 | $0 | ($3.9m) | $0 | |
| Net cash (used in) provided by operating activities | ($14.0m) | ($265.3m) | ($282.4m) | ($111.9m) | $79.7m | ($145.5m) | |
| Capital expenditures on software | — | $0 | $0 | ($9.2m) | ($10.9m) | ($14.9m) | |
| Payments for purchase of investment in joint venture | — | $0 | $0 | ($5.0m) | $0 | $0 | |
| Proceeds from maturities of short-term investments | — | $0 | $0 | $111.7m | $0 | $0 | |
| Net cash (used in) provided by investing activities | $18.2m | ($22.3m) | ($148.4m) | $94.4m | ($19.0m) | ($29.8m) | |
| Payments of debt issuance costs | $0 | $0 | ($3.4m) | $0 | ($8.5m) | ($12.1m) | |
| Net cash provided by (used in) financing activities | $2.5m | $231.1m | $817.1m | $52.6m | ($8.7m) | $356.9m | |
| Effect of exchange rate changes on cash and cash equivalents | $1.3m | ($547k) | $5.4m | ($2.1m) | $3.9m | $14.4m | |
| Net increase in cash and cash equivalents | $8.0m | ($57.0m) | $391.7m | $33.0m | $56.0m | $195.9m | |
| Cash, cash equivalents, and restricted cash as of the beginning of the period | $95.1m | $38.1m | $429.7m | $462.7m | $518.7m | $714.6m | |
| Interest paid | $0 | $1.2m | $1.1m | $2.3m | $3.0m | $9.3m | |
| Cash paid for income taxes | $2.2m | $6.4m | $2.1m | $1.2m | $2.7m | $19.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.