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How Fluence Energy (FLNC) makes money
Fluence Energy (FLNC) made $650M of revenue in the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier. Revenue from energy storage products and solutions brought in $627M (97%); Revenue from services brought in $20.1M (3%); Revenue from digital applications and solutions brought in $2.5M (0%).
Drawing the Sankey…
Revenue by segment, Q3 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Revenue from energy storage products and solutions | $627M | 96.5% | +45% | +7% |
| Revenue from services | $20.1M | 3.1% | -31% | +19% |
| Revenue from digital applications and solutions | $2.5M | 0.4% | +29% | +37% |
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $650M | 100.0% |
| Income tax | $772K | 0.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $650M | +8% |
| Q2 FY26 | $465M | +8% |
| Q1 FY26 | $475M | +154% |
| Q4 FY25 | $1.0B | -15% |
| Q3 FY25 | $603M | +25% |
| Q2 FY25 | $432M | -31% |
| Q4 FY24 | $1.2B | +82% |
From Fluence Energy's 10-Q filed Aug 5, 2026 (on EDGAR).
Questions
How does Fluence Energy make money?
Fluence Energy (FLNC) made $650M of revenue in the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier. Revenue from energy storage products and solutions brought in $627M (97%); Revenue from services brought in $20.1M (3%); Revenue from digital applications and solutions brought in $2.5M (0%).
What is Fluence Energy's biggest business?
Revenue from energy storage products and solutions: $627M in the third quarter fiscal 2026, 97% of revenue, +7% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.