Fluence Energy, Inc., a global leader in intelligent energy storage and optimization software, has reported a sharp rise in revenue for the first quarter of fiscal year 2026 while reaffirming its full-year financial guidance, underscoring strong global demand for energy storage solutions driven by data centers, utilities, and industrial customers.
For the quarter ended December 31, 2025, Fluence recorded revenue of approximately $475.2 million, marking a 154.4 percent increase compared to the same period last year. The company’s backlog reached a record $5.5 billion, supported by more than $750 million in new order intake during the quarter—its highest level to date.
Despite the strong top-line growth, Fluence reported a net loss of $62.6 million, compared with a net loss of $57.0 million in the corresponding quarter last year. The company posted a GAAP gross profit margin of 4.9 percent, while adjusted gross margin stood at 5.6 percent, reflecting additional estimated costs on two projects and the seasonal distribution of fixed overhead costs early in the fiscal year. Adjusted EBITDA for the quarter was $(52.1) million.
Total cash stood at $477.8 million at the end of the quarter, while total liquidity reached approximately $1.1 billion, including available capacity under the company’s revolving credit facility. Fluence said the decline in cash levels reflects planned working capital investments to support growth.
Commenting on the results, President and CEO Julian Nebreda said accelerating growth in data centers, utilities, and industrial electricity demand continues to fuel global energy storage adoption. He noted that Fluence’s project pipeline has expanded by around 30 percent since September 2025, reaching $30 billion, positioning the company for its next phase of growth.
Chief Financial Officer Ahmed Pasha said the company is reaffirming its fiscal year 2026 outlook due to strong backlog coverage and improved visibility into project costs. Fluence expects full-year revenue between $3.2 billion and $3.6 billion, adjusted EBITDA of $40 million to $60 million, and annual recurring revenue of around $180 million by the end of the fiscal year.
Operationally, Fluence continued to expand its global footprint, with deployed energy storage capacity rising to 18.9 GWh, contracted backlog increasing to 9.7 GW, and pipeline capacity climbing to 150.5 GWh. Growth was also recorded across services and digital platforms, reflecting increasing demand for long-term asset management and software-driven optimization.
Fluence said it remains focused on disciplined execution, supply chain resilience, and domestic content strategies as the global energy storage market expands beyond electric vehicles into sectors such as grid-scale storage, renewables integration, and digital energy management.
