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Fluence (FLC) investor relations material
Fluence Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 2026 revenue reached $37.6M, up 14.7% year-over-year, with SPS and recurring revenue segments growing 34.7%.
H1 2026 EBITDA was $3.4M, the highest first-half result in over five years, with gross margin improving to 35.5%, up 8.7 points year-over-year.
Strategic transition to higher-margin SPS and recurring revenue segments drove profitability and reduced project dependency.
Backlog at Q2 2026 was $59.8M, up 18.4% from Q2 2025, supporting strong revenue visibility for FY2026.
Appointed a new COO to drive operational scale and execution, signaling a shift from transition to growth.
Financial highlights
H1 2026 revenue: $37.6M (+14.7% YoY); SPS plus recurring revenue: +34.7% YoY.
H1 2026 EBITDA: $3.4M, up $3.2M YoY; gross margin: 35.5% (+8.7 pts YoY).
Q2 2026 operating cash flow: $1.8M; cash balance at 30 June 2026: $10.9M plus $4.1M in deposits.
Orders: Q2 and H1 2026 new orders of $16.1M and $23.6M, up 53.9% and 5.0% YoY.
Backlog at Q2 2026: $59.8M, expected to grow in H2 2026.
Outlook and guidance
Management expects double-digit revenue growth and significant EBITDA growth for FY2026.
H2 2026 forecasted to deliver significantly higher orders than H1 2026.
Backlog and recurring revenue support FY2026 revenue growth targets.
Operating cash flow expected to be negative in Q3 2026 due to timing of payments, but positive in Q4 2026.
- 52.3% revenue growth, EBITDA up $8M, and strategic reset drive strong 2025 performance.FLC
AGM 2026 - Accelerating growth and profitability through high-margin solutions and global market expansion.FLC
Investor presentation - Q1 2026 saw revenue and EBITDA growth, margin expansion, and a strong backlog for future growth.FLC
Q1 2026 - Revenue fell sharply in FY2024, but margin and cost improvements set up strong FY2025 growth.FLC
H2 2024 - Revenue up 52%, net loss narrows, and EBITDA turns positive amid strong order growth.FLC
H2 2025 - Revenue up 52.3% to $78.4M, EBITDA at $4.0M, and record orders drive 2026 growth.FLC
Q4 2025 - Revenue fell 28% YTD Q3 2024, but core growth and backlog support a strong 2025 outlook.FLC
Q3 2024 - Core business and margin growth offset project delays, with backlog and pipeline at record highs.FLC
Q2 2024 - Recurring revenue and margin growth offset project delays and revenue decline in 2024.FLC
AGM 2025
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