Company / SG&A Expense
Fluence Energy, Inc. SG&A Expense History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$163.1M
FY2025
5-year range
$38.2M / $173.0M
FY2021-FY2025
Trend
-5.7%
vs FY2024
Sector context
#240 of 311
Industrials
What the data says
Fluence Energy, Inc.'s sg&a expense of $163M is lower than 77% of companies in the Industrials sector (FY2025). SG&A Expense has fluctuated over the past 6 years, ranging from $18M in FY2020 to $173M in FY2024.
Based on SEC 10-K filings.
$163M in FY2025 with a 5-year CAGR of +55.5%.
Increased from $38M to $163M over the past 2 years.
Industrials sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +11.8%
- 5-Year CAGR
- +55.5%
- 10-Year CAGR
- -
Sector benchmark
Top 23% in IndustrialsTop 23% of 311This company $163.1M Sector average $849.8M
▼
-80.8% below sector average
Key checks
Key Insights
- 5-year CAGR of +55.5%, indicating consistent growth.
- In FY2025, sg&a expense decreased 5.7% year-over-year.
- Ranks #240 out of 311 companies in the Industrials sector.
- Peak sg&a expense 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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $163.1M | -5.7% |
| FY2024 | $173.0M | +353.3% |
| FY2023 | $38.2M | -67.3% |
| FY2022 | $116.7M | +205.8% |
| FY2021 | $38.2M | +112.7% |
| FY2020 | $17.9M | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026