There was a three-month delay in the construction of its battery energy storage system (BESS) enclosure factory in Houston, Texas, which is now in the initial production phase. The company also experienced initial quality issues at an overseas factory, with affected products reshipped after corrective work was completed.
Whereas Fluence had gone into EBITDA profitability in the same period of last year, with US$27 million for Q3 2025, in Q3 2026, adjusted EBITDA was US$-29.3 million, while for the nine months ending 30 June, it was US$-90.8 million.
It reported a net loss of US$44.3 million for the quarter and US$136.1 million over the nine months. Again, in Q3 2025, Fluence was income positive by US$7 million.
Adjusted gross profit for the quarter was US$39 million with an adjusted gross profit margin of 5.9%, down from a 15.4% gross margin in Q3 2025, when adjusted gross profit was US$93 million.
Fluence said gross profit was affected by margins eroded by the lower-than-expected revenue, by around a US$15 million impact attributable to the rollout of new products and production delays, and a further US$15 million in upfront costs related to a planned long-term international battery cell supply agreement.
