Company / R&D Expense
Fluence Energy, Inc. R&D Expense History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$86.2M
FY2025
5-year range
$23.4M / $86.2M
FY2021-FY2025
Trend
+30.2%
vs FY2024
Sector context
#78 of 174
Industrials
What the data says
At $86M, Fluence Energy, Inc.'s r&d expense ranks #78 of 174 in the Industrials sector. Improved from $23M to $86M over the past 2 years.
Based on SEC 10-K filings.
$86M in FY2025 with a 5-year CAGR of +49.5%.
Improved from $23M to $86M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +12.8%
- 5-Year CAGR
- +49.5%
- 10-Year CAGR
- -
Sector benchmark
#78 of 174 in IndustrialsTop 45% of 174This company $86.2M Sector average $273.7M
▼
-68.5% below sector average
Key checks
Key Insights
- 5-year CAGR of +49.5%, indicating consistent growth.
- In FY2025, r&d expense increased 30.2% year-over-year.
- Ranks #78 out of 174 companies in the Industrials sector.
- Lowest r&d expense in the period was in FY2020.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $86.2M | +30.2% |
| FY2024 | $66.2M | +182.6% |
| FY2023 | $23.4M | -61.0% |
| FY2022 | $60.1M | +156.7% |
| FY2021 | $23.4M | +103.1% |
| FY2020 | $11.5M | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026