Company / Cost of Revenue
Fluence Energy, Inc. Cost of Revenue History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$2.0B
FY2025
5-year range
$749.9M / $2.4B
FY2021-FY2025
Trend
-16.6%
vs FY2024
Sector context
#116 of 245
Industrials
What the data says
At $2.0B, Fluence Energy, Inc.'s cost of revenue ranks #130 of 245 in the Industrials sector. Cost of Revenue has fluctuated over the past 6 years, ranging from $553M in FY2020 to $2.4B in FY2024.
Based on SEC 10-K filings.
$2.0B in FY2025 with a 5-year CAGR of +28.9%.
Increased from $750M to $2.0B over the past 2 years.
Industrials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +16.0%
- 5-Year CAGR
- +28.9%
- 10-Year CAGR
- -
Sector benchmark
#130 of 245 in IndustrialsTop 53% of 245This company $2.0B Sector average $4.3B
▼
-54.7% below sector average
Key checks
Key Insights
- 5-year CAGR of +28.9%, indicating consistent growth.
- In FY2025, cost of revenue decreased 16.6% year-over-year.
- Ranks #116 out of 245 companies in the Industrials sector.
- Peak cost of revenue was recorded in FY2024.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 1.19 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.0B | -16.6% |
| FY2024 | $2.4B | +214.4% |
| FY2023 | $749.9M | -40.5% |
| FY2022 | $1.3B | +68.1% |
| FY2021 | $749.9M | +35.5% |
| FY2020 | $553.4M | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026