From GlobeNewswire: 2025-02-10 16:05:00

Fluence Energy, Inc. announced its financial results for the quarter ended December 31, 2024, with revenue of $186.8 million, a 49% decrease from the previous year. Gross profit margin improved to 11.4%, and net loss increased to $57.0 million. The Company’s quarterly order intake was $778.0 million, resulting in a backlog of $5.1 billion.

Fluence Energy reported a total cash position of $654.4 million as of December 31, 2024, showing an increase of $135.7 million from the previous quarter. In December 2024, the Company issued $400.0 million of 2.25% Convertible Senior Notes due 2030 to support ongoing growth.

The Company revised its fiscal year 2025 revenue guidance to $3.1 billion to $3.7 billion, citing delays in signing contracts and competitive pressures. Adjusted EBITDA guidance was lowered to $70 million to $100 million. Fluence reaffirmed its fiscal year 2025 ARR guidance of approximately $145 million.

Fluence’s leadership expressed disappointment with customer-driven delays affecting the fiscal year 2025 outlook. The Company raised $400 million in December 2024 through convertible notes to support business growth and domestic content strategy, aiming for improved financial performance in fiscal year 2026.

Analysts can join Fluence Energy’s earnings call on February 11th, 2025, to discuss the first fiscal quarter results. The Company’s key operating metrics as of December 31, 2024, showed growth in deployed energy storage solutions and an increase in pipeline for future projects. Adjusted EBITDA, gross profit, and free cash flow were also provided for the period.



Read more at GlobeNewswire:: Fluence Energy, Inc. Reports First Quarter 2025 Results;