Utility-scale energy storage firm Fluence Energy recorded a revenue of $186.8 million in the first quarter (Q1) of the fiscal year (FY) 2025, a 49% year-over-year (YoY) decrease, well below the analysts’ estimate of $362 million. The company expects significant portion of its revenue for the fiscal year 2025 to be recognized later in the year, leading to a lower-than-expected revenue figure in Q1.