FLNC (Fluence Energy) Operating Income: $-50 Mil (TTM As of Mar. 2026)

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FLNC Fluence Energy Inc FLNC
70 GF Score
Price $13.93
GF Value $23.99
Valuation Possible Value Trap
! 4 Warning Signs
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What is Fluence Energy Operating Income?

Fluence Energy FLNC +3.34% 70 Operating Income is $-50 Mil as of Mar. 2026. GuruFocus rates FLNC with a GF Score™ of 70/100 and a GF Value™ of $23.99 (Possible Value Trap). The stock has 4 warning signs investors should review.

Fluence Energy's Operating Income for the three months ended in Mar. 2026 was $-39 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-50 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fluence Energy's Operating Income for the three months ended in Mar. 2026 was $-39 Mil. Fluence Energy's Revenue for the three months ended in Mar. 2026 was $465 Mil. Therefore, Fluence Energy's Operating Margin % for the quarter that ended in Mar. 2026 was -8.43%.

Fluence Energy's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fluence Energy's annualized ROC % for the quarter that ended in Mar. 2026 was -10.58%. Fluence Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -357.85%.


Fluence Energy  (NAS:FLNC) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Fluence Energy's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-156.84 * ( 1 - 0% )/( (1425.832 + 1540.382)/ 2 )
=-156.84/1483.107
=-10.58 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2269.652 - 391.257 - ( 452.563 - max(0, 1339.515 - 1986.729+452.563))
=1425.832

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2347.897 - 420.216 - ( 387.299 - max(0, 1451.325 - 2082.492+387.299))
=1540.382

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Fluence Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-156.84/( ( (45.891 + max(-250.975, 0)) + (41.766 + max(-213.705, 0)) )/ 2 )
=-156.84/( ( 45.891 + 41.766 )/ 2 )
=-156.84/43.8285
=-357.85 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(356.505 + 540.638 + 191.397) - (391.257 + 863.104 + 85.154)
=-250.975

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(194.701 + 764.158 + 278.761) - (420.216 + 871.909 + 159.2)
=-213.705

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Fluence Energy's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-39.21/464.891
=-8.43 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Fluence Energy Operating Income Related Terms


Fluence Energy Operating Income Historical Data

* Premium members only.

The historical data trend for Fluence Energy's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fluence Energy Operating Income Chart

Fluence Energy Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial -158.47 -283.52 -112.61 26.62 -46.34

Fluence Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -45.08 4.04 48.43 -63.12 -39.21
FLNC
70GF Score
Fluence Energy Inc FLNC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fluence Energy Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-50 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-50 Mil mean?
Fluence Energy (FLNC) has a Operating Income of $-50 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fluence Energy and its competitors.
Is Fluence Energy's Operating Income too high?
Fluence Energy's current Operating Income is $-50 Mil. Overall, Fluence Energy has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fluence Energy's Operating Income compare to RNW and XIFR?
Fluence Energy's Operating Income of $-50 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Utilities - Independent Power Producers company?
A good Operating Income depends on the Utilities - Independent Power Producers industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fluence Energy and its competitors. Fluence Energy's current Operating Income is $-50 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fluence Energy stock overvalued right now?
Based on GuruFocus' analysis, Fluence Energy (FLNC) is currently considered Possible Value Trap. The stock's GF Value™ is $23.99, compared to a current price of $13.93 — trading 41.9% below its estimated fair value. The current Operating Income is $-50 Mil. Fluence Energy's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Fluence Energy (FLNC), the current Operating Income is $-50 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fluence Energy (FLNC) Overvalued in 2026?

Based on GuruFocus' analysis, Fluence Energy stock appears to be undervalued. The current stock price of $13.93 is trading 41.9% below its estimated GF Value™ of $23.99. GuruFocus considers Fluence Energy to be Possible Value Trap.

Key valuation signals for FLNC:

  • Operating Income: $-50 Mil
  • GF Value™: $23.99 vs. price of $13.93 (41.9% below fair value)
  • GF Score™: 70/100 with 4 warning signs

No single metric tells the full story. See the FLNC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fluence Energy Business Description

Address 4601 Fairfax Drive, Suite 600, Arlington, VA, USA, 22203
Fluence Energy Inc provides intelligent energy storage and optimization software for renewables and storage. Its energy storage solutions and operational services support a more resilient grid and help unlock the potential of renewable portfolios. The company's offerings include energy storage solutions, recurring operational and maintenance services, and Software-as-a-Service (SaaS) products designed to meet customer business needs, performance requirements, in-house capabilities, and risk profiles. Its service plans offer varying levels of training, maintenance, guarantees, warranties, and support for active system management. The company operates in the Americas, APAC and EMEA, with the majority of revenue coming from the Americas.
70GF Score

Get the complete analysis for FLNC

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.93
Price
$23.99
GF Value