Filing Flows › Fluence Energy (FLNC) › Q4 FY24
Fluence Energy (FLNC) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 29, 2024
Fluence Energy (FLNC) reported revenue of $1.2B for the fourth quarter fiscal 2024 (Q4 FY24), +82% from a year earlier and +154% from the quarter before. Operating margin was 6.2%, net earnings $47.8M (3.9% of revenue).
Fluence Energy, Q4 FY24: revenue $1.2B (+82% year over year), operating margin 6.2%, net earnings $47.8M, operating cash flow $10.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +154% | +82% |
| Gross profit | $157M | +90% | +106% |
| Operating profit | $75.6M | 14× | +562% |
| Net earnings | $47.8M | 61× | 15× |
| Operating cash flow | $10.5M | — | -78% |
| Free cash flow | $7.3M | — | -85% |
What changed
Revenue was $1.2B in Q4 FY24, up 82% year over year and up 154% from the previous quarter. Revenue from sale of energy storage products and solutions was the largest line at 98% of revenue.
Gross margin was 12.8%, up 1.5 points from a year earlier. Operating profit was $0.08B, a 6.2% margin (up 4.5 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 2% margin then. Operating expenses grew 26% against revenue growth of 82%. Net earnings were $0.05B, up 1364% year over year. The effective tax rate was 10.4%.
Operating cash flow was $0.01B (down 78% year over year), 16% of net income including minority interests. Non-cash charges added back $4.1M of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $3.3M left free cash flow of $0.01B.
Questions
What was Fluence Energy's revenue in the fourth quarter fiscal 2024?
Fluence Energy (FLNC) reported revenue of $1.2B for the fourth quarter fiscal 2024 (Q4 FY24), +82% from a year earlier and +154% from the quarter before.
Was Fluence Energy profitable in the fourth quarter fiscal 2024?
Operating profit was $75.6M (6.2% of revenue) and net earnings $47.8M.
Source: Fluence Energy 10-K on SEC EDGAR.