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The latest update is out from Fluence Corporation Limited ( (AU:FLC) ).
Fluence reported Q1 2026 revenue of $17.2 million, up 3.6% year on year, with core business units delivering 9.4% growth and driving gross margin expansion to 29.2% through a greater emphasis on smart products, recurring revenue and improved project execution. EBITDA rose to $0.5 million from $0.1 million, though new orders fell 38% to $7.5 million due to project delays that management says will shift into later quarters, supporting confidence in its $64.4 million backlog and expectations for stronger orders, positive operating cash flow and double-digit revenue growth for the rest of the financial year.
Order and milestone collection delays, including a key Ivory Coast payment received after quarter-end, weighed on cash flow, leaving Fluence with $8 million in cash and $4 million in security deposits as of 31 March 2026 but with management forecasting improving cash generation as large collections land. The company said it has so far seen limited operational impact from heightened geopolitical tensions and supply-chain disruptions linked to the Middle East conflict, and maintains that its current backlog and pipeline are sufficient to support its growth and margin expansion targets in 2026.
The most recent analyst rating on (AU:FLC) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Fluence Corporation Limited stock, see the AU:FLC Stock Forecast page.
More about Fluence Corporation Limited
Fluence Corporation Limited is an ASX-listed water and wastewater treatment specialist focused on higher-margin Smart Product Solutions and recurring revenue services. Operating through market-focused units including MWW, IWR, IWB and SEA & China, the company targets industrial and municipal clients with modular treatment systems across key global regions.
Average Trading Volume: 540,043
Technical Sentiment Signal: Buy
Current Market Cap: A$106.3M
For a thorough assessment of FLC stock, go to TipRanks’ Stock Analysis page.

