Filing Flows › Fluence Energy (FLNC) › Q1 FY26
Fluence Energy (FLNC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 4, 2026
Fluence Energy (FLNC) reported revenue of $475M for the first quarter fiscal 2026 (Q1 FY26), +154% from a year earlier and -54% from the quarter before. Operating margin was -14.8%, net loss $62.6M (13.2% of revenue).
Fluence Energy, Q1 FY26: revenue $475M (+154% year over year), operating margin -14.8%, net loss $62.6M, operating cash flow −$227M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $475M | -54% | +154% |
| Operating profit | −$70.5M | -253% | — |
| Net earnings | −$62.6M | -449% | — |
| Operating cash flow | −$227M | -185% | — |
What changed
Revenue was $475.2M in Q1 FY26, up 154% year over year and down 54% from the previous quarter. Revenue from energy storage products and solutions was the largest line at 95% of revenue. Revenue from energy storage products and solutions added $281.1M year over year (up 166%), 97% of the total change.
Gross margin was 4.9%, down 6.5 points from a year earlier. Operating costs exceeded revenue by $70.5M, an operating margin of -14.8%. Operating expenses grew 17% against revenue growth of 154%. The fastest-growing cost line was Other operating costs (+42%). The quarter ended with a net loss of $62.6M, after a profit of $24.1M the previous quarter. Minority interests bore $17.5M of it: to shareholders the quarter was a loss of $45.1M.
Operating cash flow was −$226.8M. Non-cash charges added back $8.8M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items used $178.3M. Capital expenditures of $5.8M exceeded it, leaving free cash flow of −$232.6M.
Questions
What was Fluence Energy's revenue in the first quarter fiscal 2026?
Fluence Energy (FLNC) reported revenue of $475M for the first quarter fiscal 2026 (Q1 FY26), +154% from a year earlier and -54% from the quarter before.
Was Fluence Energy profitable in the first quarter fiscal 2026?
Operating loss was $70.5M (-14.8% of revenue) and net loss $62.6M.
Source: Fluence Energy 10-Q on SEC EDGAR.