Fluence Energy Inc-A 2026年季度报告

FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from toCommission file number 001-40978 Fluence Energy, Inc.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements forthe past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and "emerging growth company" inRule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesNo As of February 2, 2026, the registrant had132,436,078shares of Class A common stock outstanding and 51,499,195 shares of Class B-1 common stockoutstanding. Table of Contents PagePart I - Financial Information5Item 1.Financial Statements(Unaudited)5Condensed Consolidated Balance Sheets5Condensed Consolidated Statements of Operations6Condensed Consolidated Statements of Other Comprehensive Income (Loss)7Condensed Consolidated Statements of Changes in Stockholders’ Equity8Condensed Consolidated Statements of Cash Flows10Notes to Condensed Consolidated Financial Statements11Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations36Item 3.Quantitative and Qualitative Disclosures About Market Risk48Item 4.Controls and Procedures49Part II - Other Information50Item 1.Legal Proceedings50Item 1A.Risk Factors50Item 2.Unregistered Sales of Equity Securities and Use of Proceeds50Item 3.Defaults Upon Senior Securities50Item 4.Mine Safety Disclosures50Item 5.Other Information50Item 6.Exhibits51Signatures53 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATIONThis Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2025 (this “Report”) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to becovered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the“Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other thanstatements of historical facts contained in this Report are forward-looking statements. In particular, statements regarding our future results ofoperations and financial position, operational performance, the Company’s business, growth, and innovation strategy and the efficacy of ourproducts and services to meet evolving needs, future market and industry growth and related opportunities for the Company, projectedoperating costs, our ability to differentiate our products and optimize our cost structure, our ability to compete, liquidity and access to capital,the timing of future revenue recognition, future capital expenditures and debt service obligations, the Company’s expected growth and demandfor our energy storage solutions, services, and digital application offerings and the industry generally, relationships with new and existingcustomers and suppliers, introduction of new energy storage solutions, services, and digital application offerings and adoption of such offeringsby customers, our domestic content strategy, assumptions relating to the Company’s tax receivable agreement, expectations relating to backlog,pipeline, contracted backlog, and order intake, current expectations relating to legal proceedings, impacts and benefits from the InflationReduction Act of 2022 (the “IRA”) and related domestic content guidelines on us and our customers, potential impact of the changes to the IRApursuant to the One Big Beautiful Bill Act (“OBBBA”) and related executive orders and agency guidance on