FLNC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $7.61
P/E (TTM) -13.6
EPS (TTM) $-0.56
Revenue (TTM) $2.63B
ROE (TTM) -20.7%
Debt/Equity 0.0
52W Range $7–$34

FLNC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$2.26B
2020-09-30 → 2025-09-30
EPS$-0.37
2022-09-30 → 2025-09-30
Free Cash Flow$-160M
2022-09-30 → 2025-09-30
Net margin-3.1%
2022-09-30 → 2025-09-30
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend FLNC 5Y avg Peer Median Verdict
P/E (TTM) -13.65Y avg ≈24.4 ≈24.4 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -286.5%
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 10, 2026 $-0.24 $0.02 -1343.5%
March 31, 2026 $-0.16 $-0.16 2.0%
Dec. 31, 2025 $-0.32 $-0.21 -49.4%
Sept. 30, 2025 $0.13 $0.19 -32.4%
June 30, 2025 $0.01 $-0.00 —
March 31, 2025 $-0.24 $-0.22 -9.1%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 16
Metric Trend 20252024202320222021
Revenue $2.26B$2.70B$2.22B$1.20B$681M
Cost of Revenue $1.97B$2.36B$2.08B$1.26B$750M
Gross Profit $296M$341M$141M$-62M$-69M
R&D Expense $86M$66M$66M$60M$23M
SG&A Expense $163M$173M$136M$117M$38M
Interest Expense ···$2M$1M
Interest Income $500.0K$4M$3M··
Other Non-op $5M$7M$7M$-5M$-270.0K
Pretax Income $-45M$40M$-100M$-288M$-160M
Income Tax $23M$9M$5M$1M$2M
Net Income $-48M$23M$-70M$-104M·
EPS (Basic) $-0.37$0.18$-0.60$-1.50·
EPS (Diluted) $-0.37$0.13$-0.60$-1.50·
Shares (Basic) 130,307,162126,180,011116,448,60269,714,054·
Shares (Diluted) 130,307,162184,034,832116,448,60269,714,054·
EBITDA $29M·$11M··
Balance Sheet 30
Metric Trend 20252024202320222021
Cash & Equivalents $691M$449M$346M$357M$37M
Short-term Investments ·$0$0$110M$0
Receivables $273M$216M$103M$87M$57M
Inventory $455M$183M$225M$653M$390M
Prepaid Expense $22M$10M$3M$2M$2M
Other Current Assets $55M$47M$31M$27M$31M
Current Assets $2.06B$1.68B$1.19B$1.60B$662M
PP&E (Net) $50M$15M$13M$14M$8M
PP&E (Gross) ·$30M$22M$19M$11M
Accum. Depreciation ·$15M$9M$5M$3M
Goodwill $29M$27M$26M$25M$9M
Intangibles $63M$60M$56M$52M$36M
Other Non-current Assets $146M$110M$32M$26M$1M
Total Assets $2.36B$1.90B$1.35B$1.75B$718M
Accounts Payable $321M$437M$65M$305M$158M
Accrued Liabilities $246M$338M$176M$184M$186M
Current Liabilities $1.37B$1.26B$746M$1.11B$771M
Capital Leases $5M$5M$1M$1M$0
Deferred Tax $10M$7M$5M$5M$0
Other Non-current Liabilities $37M$29M$17M$2M$2M
Total Liabilities $1.81B$1.30B$796M$1.12B$774M
Long-term Debt ·$30M$51M$0·
Total Debt $0·$51M··
Paid-in Capital $628M$635M$581M$543M·
Retained Earnings $-200M$-151M$-174M$-105M$-279M
Treasury Stock $10M$9M$8M$5M·
AOCI $12M$-2M$3M$3M$-285.0K
Stockholders' Equity $430M$472M$402M$436M·
Liabilities + Equity $2.36B$1.90B$1.35B$1.75B$718M
Shares Outstanding 51,499,195····
Cash Flow 15
Metric Trend 20252024202320222021
D&A $29M$14M$11M$7M$5M
Stock-based Comp $20M$24M$27M$44M$0
Deferred Tax $6M$-7M$3M$516.0K$-1M
Amort. of Intangibles $13M$9M$7M$5M$4M
Other Non-cash $-152M·$-82M··
Operating Cash Flow $-146M$80M$-112M$-282M$-265M
CapEx $15M$8M$3M$8M$4M
Investing Cash Flow $-30M$-19M$94M$-148M$-22M
Stock Repurchased ··$3M$5M$0
Net Stock Activity ··$-3M$-5M·
Financing Cash Flow $357M$-9M$53M$817M$231M
Net Change in Cash $196M$56M$33M$392M$-57M
Taxes Paid $19M$3M$1M··
Free Cash Flow $-160M·$-115M$-290M·
Levered FCF ···$-292M·
Profitability 6
Metric Trend 20252024202320222021
Gross Margin 13.1%·6.4%-5.2%·
Net Margin -2.1%·-3.1%-8.7%·
Pretax Margin -2.0%·-4.5%-24.0%·
EBITDA Margin 1.3%·0.48%··
ROA -2.3%·-4.5%-8.5%·
ROE -10.7%·-16.6%-47.9%·
Liquidity & Solvency 4
Metric Trend 20252024202320222021
Current Ratio 1.5·1.61.4·
Quick Ratio 0.7·0.60.5·
Debt / Equity 0.0·0.1··
LT Debt / Equity ··0.1··
Efficiency 3
Metric Trend 20252024202320222021
Asset Turnover 1.1·1.41.0·
Inventory Turnover 6.2·4.72.4·
Receivables Turnover 9.2·23.316.6·
Per Share 3
Metric Trend 20252024202320222021
Revenue / Share $17.37·$19.05$17.19·
Cash Flow / Share $-1.12·$-0.96$-4.05·
EPS (TTM) $-0.37$0.13$-0.60$-1.50·
Growth Rates 3
Metric Trend 20252024202320222021
Revenue YoY -16.2%21.7%85.0%76.1%21.3%
Revenue CAGR 3Y 23.6%58.3%58.1%··
Revenue CAGR 5Y 32.2%····
Valuation (TTM) 4
Metric Trend 20252024202320222021
Revenue TTM $2.26B$2.70B$2.22B$1.20B$681M
Net Income TTM $-48M$23M$-70M$-104M·
P/E -29.2174.7-38.3-9.7·
Earnings Yield -3.4%0.57%-2.6%-10.3%·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-09-302024-09-302023-09-302022-09-302021-09-30
Revenue $2.26B $2.70B $2.22B $1.20B $681M
Gross Margin % 13.1% · 6.4% -5.2% ·
Net Income $-48M $23M $-70M $-104M ·
Diluted EPS $-0.37 $0.13 $-0.60 $-1.50 ·

Institutional owners (13F) 354 filers · $3.0B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 354
Value held $3.0B
New positions 98
Exited positions 40
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
98 (+32 vs prior Q) 40 (-14 vs prior Q) 108 (+26 vs prior Q) 89 (-1 vs prior Q) +5.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
SIEMENS PENSION TRUST E V $431,290,974 21,694,717 14.54% Shares
SIEMENS AG $392,392,712 19,738,064 13.23% Shares
BlackRock, Inc. $147,292,133 7,409,061 4.96% Shares
JANE STREET GROUP, LLC $124,154,576 6,245,200 4.18% Call option
VANGUARD GROUP INC $121,902,598 6,162,922 4.11% Shares
TWO SIGMA INVESTMENTS, LP $106,134,927 5,338,779 3.58% Shares
BNP PARIBAS FINANCIAL MARKETS $73,556,000 37,000 2.48% Call option
VANGUARD PORTFOLIO MANAGEMENT LLC $72,687,483 3,656,312 2.45% Shares
VANGUARD CAPITAL MANAGEMENT LLC $71,361,725 3,589,624 2.41% Shares
Driehaus Capital Management LLC $71,090,164 3,575,964 2.40% Shares
MORGAN STANLEY $63,641,984 3,201,307 2.15% Shares
D. E. Shaw & Co., Inc. $63,511,332 3,194,735 2.14% Shares
STATE STREET CORP $52,228,994 2,627,213 1.76% Shares
TWO SIGMA ADVISERS, LP $48,360,122 2,444,900 1.63% Shares
GEODE CAPITAL MANAGEMENT, LLC $45,071,572 2,266,730 1.52% Shares
FIRST TRUST ADVISORS LP $44,158,390 2,221,247 1.49% Shares
FMR LLC $42,692,405 2,147,505 1.44% Shares
Legal & General Group Plc $39,338,783 1,978,812 1.33% Shares
JANE STREET GROUP, LLC $35,825,748 1,802,100 1.21% Put option
Connor, Clark & Lunn Investment Management Ltd. $35,075,258 1,764,349 1.18% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $33,632,984 1,691,800 1.13% Call option
GOLDMAN SACHS GROUP INC $33,331,047 1,676,612 1.12% Shares
Goodlander Investment Management, LLC $29,820,000 1,500,000 1.01% Shares
BNP PARIBAS FINANCIAL MARKETS $28,627,160 1,439,998 0.96% Shares
Caption Management, LLC $28,577,500 1,437,500 0.96% Call option
UBS Group AG $26,150,688 1,315,427 0.88% Shares
Point72 Asset Management, L.P. $25,879,764 1,301,799 0.87% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $23,157,363 1,206,170 0.78% Shares
DEUTSCHE BANK AG\ $21,592,026 1,086,118 0.73% Shares
FEDERATED HERMES, INC. $18,457,288 928,435 0.62% Shares
KINGDON CAPITAL MANAGEMENT, L.L.C. $17,892,000 900,000 0.60% Shares
BARCLAYS PLC $16,438,077 826,865 0.55% Shares
BANK OF AMERICA CORP /DE/ $16,269,146 818,368 0.55% Shares
NORTHERN TRUST CORP $15,157,565 762,453 0.51% Shares
JUPITER ASSET MANAGEMENT LTD $14,896,700 749,331 0.50% Shares
CITADEL ADVISORS LLC $14,629,692 735,900 0.49% Call option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $14,524,328 730,600 0.49% Put option
WELLS FARGO & COMPANY/MN $14,383,698 723,526 0.48% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $14,159,391 712,243 0.48% Shares
Erste Asset Management GmbH $13,729,573 716,949 0.46% Shares
VANGUARD FIDUCIARY TRUST CO $12,045,372 605,904 0.41% Shares
CITADEL ADVISORS LLC $11,872,793 597,223 0.40% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $11,610,914 584,050 0.39% Shares
BARCLAYS PLC $11,097,016 558,200 0.37% Call option
Qube Research & Technologies Ltd $10,714,704 538,969 0.36% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $10,673,572 536,900 0.36% Shares
ROYAL BANK OF CANADA $10,545,000 530,429 0.36% Shares
HSBC HOLDINGS PLC $10,110,000 500,000 0.34% Call option
PEAK6 LLC $9,940,000 500,000 0.34% Put option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $9,451,767 475,441 0.32% Shares

Show all 354 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Qatar Investment Authority ×2 filings May 19, 2026 8.90% Amendment · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 25 insiders · 13 officers · 9 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Julian Nebreda President and CEO Feb. 18, 2026 A 198,811 0 0 $0
Dubuc Manuel Perez Chief Executive Officer Feb. 17, 2022 P 30,000 0 0 $0
Ahmed Pasha SVP & Chief Financial Officer Feb. 18, 2026 A 38,841 0 0 $0
Manavendra Sial SVP & Chief Financial Officer Sept. 15, 2023 M 22,853 0 0 $0
Dennis Fehr SVP & Chief Financial Officer Sept. 14, 2022 M 30,590 0 0 $0
Peter Bennett Williams SVP and CPSCO July 17, 2026 M 22,292 0 0 $0
John Zahurancik SVP & CCSO June 23, 2026 S 71,171 0 4 $-1,509,574
Jeffrey Richard Monday SVP, Chief Growth Officer Feb. 18, 2026 A · 0 0 $0
Vincent Mathis SVP, Chief Legal and Compliance Officer, and Secretary Feb. 18, 2026 A 101,305 0 0 $0
Rebecca Boll SVP & Chief Product Officer Dec. 18, 2024 A 83,774 0 0 $0
Krishna C Vanka SVP & Chief Digital Officer Sept. 1, 2023 M 5,245 0 0 $0
Carolee Couch SVP & Chief SC & Manu. Officer May 22, 2023 M 1,200 0 0 $0
Seyed Madaeni SVP & Chief Digital Officer June 2, 2022 M 0 0 0 $0
Harald Von Heynitz Director Sept. 21, 2026 P 65,550 1 2 $-238,480
Herman E Bulls Director Sept. 21, 2026 P 169,550 1 0 $73,600
Elizabeth Anne Fessenden Director June 2, 2026 G 66,250 0 0 $0
Cynthia A Arnold Director March 17, 2026 M 118,550 0 0 $0
John Christopher Shelton Director Feb. 15, 2022 P 5,000 0 0 $0
Barbara Humpton Director Nov. 1, 2021 P 4,000 0 0 $0
Lisa Krueger Director Nov. 1, 2021 P 1,000 0 0 $0
SPT Holding Sarl 10% owner July 6, 2026 J 1,231,982 0 0 $0
Qatar Investment Authority 10% owner May 15, 2026 S 11,801,103 0 1 $-60,210,612
SPT Invest Management Sarl 10% owner Oct. 28, 2025 J 0 0 0 $0
SIEMENS PENSION TRUST E V 10% owner Oct. 14, 2025 J 20,000,000 0 0 $0
Michelle Philpot · Feb. 18, 2026 A 8,240 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 37 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PBW · Invesco Exchange-Traded Fund Trust 1.55% 687,016 SH Oct. 2, 2026 Daily
FYC · First Trust Exchange-Traded AlphaDE… 0.38% 353,144 NS July 31, 2026 N-PORT
CCSO · Tidal Trust II 0.25% 8,069 NS July 31, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.18% 175,520 NS July 31, 2026 N-PORT
IBAT · iShares Trust 0.17% 12,287 SH Sept. 11, 2026 Daily
TRFM · ETF Series Solutions 0.11% 19,544 NS July 31, 2026 N-PORT
CCNR · Financial Investors Trust 0.11% 33,484 NS July 31, 2026 N-PORT
ESSC · Strategy Shares 0.10% 2,631 NS July 31, 2026 N-PORT
VTWG · VANGUARD SCOTTSDALE FUNDS 0.10% 93,866 SH Aug. 19, 2026 Daily
FAD · First Trust Exchange-Traded AlphaDE… 0.08% 31,991 NS July 31, 2026 N-PORT
VFMO · VANGUARD WELLINGTON FUND 0.06% 65,277 SH Aug. 19, 2026 Daily
IWO · iShares Trust 0.06% 818,420 SH Sept. 11, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.05% 503,950 SH Aug. 19, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.04% 2,530 NS July 31, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.04% 1,060,405 SH Aug. 19, 2026 Daily
RSSL · Global X Funds 0.04% 41,827 NS July 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.03% 16,359 NS July 31, 2026 N-PORT
IWM · iShares Trust 0.03% 2,251,488 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.02% 973,914 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.02% 1,822,821 SH Aug. 19, 2026 Daily
VIS · VANGUARD WORLD FUND 0.02% 103,053 SH Aug. 19, 2026 Daily
DFAS · Dimensional ETF Trust 0.02% 212,993 NS July 31, 2026 N-PORT
FIDU · FIDELITY COVINGTON TRUST 0.02% 27,775 NS July 31, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.01% 31,804 SH Oct. 2, 2026 Daily
WSML · iShares Trust 0.01% 3,969 SH Sept. 11, 2026 Daily
DFSU · Dimensional ETF Trust 0.00% 4,166 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 6,105 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 60,733 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.00% 114,545 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.00% 25,098 SH Sept. 10, 2026 Daily
DFAU · Dimensional ETF Trust 0.00% 8,027 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 10,635 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 2,530,978 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 6,940 SH Aug. 19, 2026 Daily
ISCB · iShares Trust · 2,664 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 13,676 SH Sept. 11, 2026 Daily
SMLF · iShares Trust · 48,859 SH Sept. 11, 2026 Daily

FLNC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 29 analysts HOLD
Median target $9.00 +18.3%
4 13.8% Strong Buy
7 24.1% Buy
15 51.7% Hold
3 10.3% Sell
0 0.0% Strong Sell

12-Month Price Target

19 analysts · 2026-09-30

Mean target $10.11 +32.8%

Now Current price $7.61
Low$3.00 Mean$10.11 High$23.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
FLNC · -29.2 -16.2% -2.1% -10.7% 13.1%
RUN $4.30B 10.8 45.1% 15.2% 15.8% ·
AMSC $1.61B 11.1 34.3% 44.7% 29.8% 30.6%
AMPX $1.06B -22.5 202.1% -60.3% -48.8% 11.3%
FCEL $412M -1.2 41.0% -118.8% -28.5% ·
SHLS · 42.5 19.1% 7.1% 5.7% 35.0%
EOSE $3.86B -1.7 631.8% -849.1% 58.0% -126.0%
TE · -3.1 25572.8% · · ·
LYTS $983M 39.7 22.1% · 7.4% ·
ENVX · -10.2 37.9% · · ·

Latest News Recent headlines mentioning this company

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26

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Source: SEC 10-Q filed Aug 5, 2026