Quick Answer
Fluence Energy, Inc. reported R&D Expense of $86.22 million for fiscal year 2025.
Fluence Energy, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $86.22M | +30.2% |
| 2024 | $66.19M | -0.2% |
| 2023 | $66.31M | +10.3% |
| 2022 | $60.14M | +156.7% |
| 2021 | $23.43M | +103.1% |
| 2020 | $11.54M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| December 31, 2025 | $18.54M | +7.8% | -28.7% |
| June 30, 2025 | $26.01M | +73.7% | +17.6% |
| March 31, 2025 | $22.12M | +26.9% | +28.6% |
| December 31, 2024 | $17.20M | +11.4% | +14.8% |
| June 30, 2024 | $14.98M | +51.0% | -14.1% |
| March 31, 2024 | $17.43M | -22.7% | +12.9% |
| December 31, 2023 | $15.44M | -19.4% | +55.7% |
| June 30, 2023 | $9.92M | -45.3% | -56.0% |
- Fluence Energy, Inc. showed an increase of +30.2% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2025 period, Fluence Energy, Inc.’s r&d expense has grown by 647.4% (from $11.54 million to $86.22 million).
- The most recent figure is from Fluence Energy, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on November 25, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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