Fluence Energy, Inc. (FLNC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 26.9% of current shares
Recent Dilution: 5.29% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
130M
Potential Supply
36M
Additional shares possible
Splits
None
Past 2 years

Summary

FLNC currently has 133M outstanding shares. with moderate dilution risk from 35.7M authorized shares representing 26.9% potential dilution. The company has minimally diluted shareholders by 5.29% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

8-K filing: Fluence Energy, Inc. issued 10,066,414 shares of Class A common stock for a redemption of LLC common units and facilitated an underwritten public offering of 23,000,000 shares by selling stockholders. ($483.0M proceeds)

130M 36M
May 06, 2026

10-Q filing | 132.5M shares outstanding

130M 36M
Nov 25, 2025

10-K filing | 130.3M shares outstanding

130M 36M
Aug 11, 2025

10-Q filing | 130.7M shares outstanding

130M 36M
May 08, 2025

10-Q filing | 130.0M shares outstanding

130M 36M
Feb 10, 2025

10-Q filing | 129.5M shares outstanding

130M 36M
Dec 12, 2024

8-K filing: The company completed a private placement of notes, with a potential conversion into a maximum of 24,360,520 shares of Class A common stock.

130M 36M
Nov 29, 2024

10-K filing | 126.2M shares outstanding

130M 36M
Aug 07, 2024

10-Q filing | 127.9M shares outstanding

130M 36M
Jun 11, 2024

8-K filing: Fluence Energy, Inc. retired 65,674,195 shares of Class B-1 common stock, reducing the total authorized number of shares to 1,544,325,805, consisting of 1,200,000,000 shares of Class A Common Stock, 134,325,805 shares of Class B-1 Common Stock, 200,000,000 shares of Class B-2 common stock and 10,000,000 shares of preferred stock.

1.5B 36M
May 09, 2024

10-Q filing | 126.8M shares outstanding

130M 36M
Feb 08, 2024

10-Q filing | 121.1M shares outstanding

120M 36M
Dec 08, 2023

8-K filing: Fluence Energy, Inc. announces the settlement of the AES Redemption through the issuance of 7,087,500 shares of Class A common stock and the closing of an underwritten public offering of 18,000,000 shares of Class A common stock by selling stockholders.

120M 36M
Nov 29, 2023

10-K filing | 116.4M shares outstanding

120M 36M
Aug 10, 2023

10-Q filing | 117.5M shares outstanding

120M 36M
May 11, 2023

10-Q filing | 116.3M shares outstanding

120M 36M
Feb 10, 2023

10-Q filing | 115.4M shares outstanding

120M 36M
Dec 14, 2022

10-K filing | 115.9M shares outstanding

120M 36M
Aug 15, 2022

10-Q filing | 114.3M shares outstanding

110M 36M
Jul 01, 2022

8-K filing: Siemens Industry exercised its redemption right for 59,586,695 common units of Fluence Energy, LLC, which the Company settled through the issuance of 59,586,695 shares of Class A Common Stock. Siemens Industry then transferred its interest to its parent company, Siemens AG.

54M 36M
May 13, 2022

10-Q filing | 54.1M shares outstanding

54M 36M
Feb 11, 2022

10-Q filing | 54.1M shares outstanding

54M 36M
Nov 03, 2021

8-K filing: Fluence Energy, Inc. completed an initial public offering of 35,650,000 shares of Class A common stock at $28.00 per share, issuing 117,173,390 shares of Class B-1 common stock to AES Grid Stability, LLC and Siemens Industry, Inc., and issuing 18,493,275 shares of Common Stock to Qatar Holding LLC. ($998.2M proceeds)

N/A 36M
Oct 19, 2021

S-1/A filing: This S-1/A filing relates to Fluence Energy, Inc.'s offering of up to 35,650,000 shares of Class A common stock.

N/A 36M
Sep 28, 2021

S-1 filing: This is an S-1 filing for an initial public offering of Class A common stock by Fluence Energy, Inc. with a proposed maximum aggregate offering price of $100,000,000.

N/A 0
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