Fluence Energy, Inc. Q4 2025 Earnings Recap

Fluence Energy reported record order intake of $1.4 billion in Q4 2025, driving a robust backlog of $5.3 billion, though overall revenue fell short of expectations due to production delays. The company achieved a record adjusted gross margin of 13.7% and is well-positioned for growth amid accelerating demand for energy storage solutions.

Key Takeaways

• Achieved a record order intake of $1.4 billion in Q4, boosting total backlog to $5.3 billion.
• Full-year revenue reached $2.3 billion, about $300 million below expectations due to manufacturing delays.
• Delivered a record adjusted gross margin of 13.7% and adjusted EBITDA of $19.5 million, meeting the top end of guidance.
• Annual recurring revenue (ARR) ended at $148 million, exceeding original guidance of $145 million.
• New sales leadership appointments aim to enhance market penetration and customer experience, targeting a growing data center sector.