How Fluence Energy makes money

Period

FY2025

How does Fluence Energy make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Fluence Energy Inc. · FY2025 · year ended 2025-09-30

Revenue$2.3BNet loss$56M · 2%Cost of revenue$2.0B · 87%Gross profit$296M · 13%Operating expenses$329M · 15%R&D$86M · 4%SG&A$163M · 7%Selling & marketing$79M · 4%Income tax$23M · 1%Product$2.2B · 96%Service$84M · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.