v3.25.4

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Total revenue	$ 475,234	$ 186,788
Cost of goods and services	452,185	165,587
Gross profit	23,049	21,201
Operating expenses:
Research and development	18,541	17,195
Sales and marketing	22,031	18,202
General and administrative	41,848	36,707
Depreciation and amortization	3,749	2,815
Interest expense (income), net	1,372	(741)
Other expense, net	5,985	5,751
Loss before income taxes	(70,477)	(58,728)
Income tax benefit	(7,889)	(1,715)
Net loss	(62,588)	(57,013)
Net loss attributable to non-controlling interest	(17,518)	(15,547)
Net loss attributable to Fluence Energy, Inc.	$ (45,070)	$ (41,466)
Weighted average number of Class A common shares outstanding:
Basic (in shares)	131,522,223	129,482,668
Diluted (in shares)	131,522,223	129,482,668
Loss per share of Class A common stock:
Basic (in usd per share)	$ (0.34)	$ (0.32)
Diluted (in usd per share)	$ (0.34)	$ (0.32)
Nonrelated Party
Total revenue	$ 293,002	$ 116,199
Related Party
Total revenue	182,232	70,589
Cost of goods and services	7,215	2,880
Operating expenses:
Research and development	8	0
Sales and marketing	18	0
General and administrative	$ 1,559	$ 715

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (c)
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-11

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
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-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

Fluence Energy, Inc. 10-Q