vs

Side-by-side financial comparison of Captivision Inc. (CAPT) and Fluence Energy, Inc. (FLNC). Click either name above to swap in a different company.

Fluence Energy, Inc. is the larger business by last-quarter revenue ($475.2M vs $15.3M, roughly 31.0× Captivision Inc.). Fluence Energy, Inc. runs the higher net margin — -9.5% vs -60.7%, a 51.2% gap on every dollar of revenue.

Progress Energy was a power generation and distribution company. Prior to its merger with Duke Energy, it was a Fortune 500 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues. Headquartered in Raleigh, North Carolina, Progress Energy includes two major electric utilities that serve approximately 3.1 million customers in the Carolinas and Florida. As an independent company, the last chairman and CEO of Progress Energy was William D. Johnson;...

CAPT vs FLNC — Head-to-Head

Bigger by revenue
FLNC
FLNC
31.0× larger
FLNC
$475.2M
$15.3M
CAPT
Higher net margin
FLNC
FLNC
51.2% more per $
FLNC
-9.5%
-60.7%
CAPT

Income Statement — Q2 2024 vs Q1 2026

Metric
CAPT
CAPT
FLNC
FLNC
Revenue
$15.3M
$475.2M
Net Profit
$-9.3M
$-45.1M
Gross Margin
4.9%
Operating Margin
-49.3%
-14.8%
Net Margin
-60.7%
-9.5%
Revenue YoY
154.4%
Net Profit YoY
-8.7%
EPS (diluted)
$-0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CAPT
CAPT
FLNC
FLNC
Q4 25
$475.2M
Q3 25
$1.0B
Q2 25
$602.5M
Q1 25
$431.6M
Q4 24
$186.8M
Q3 24
$1.2B
Q2 24
$15.3M
$483.3M
Q1 24
$623.1M
Net Profit
CAPT
CAPT
FLNC
FLNC
Q4 25
$-45.1M
Q3 25
$17.9M
Q2 25
$6.3M
Q1 25
$-31.0M
Q4 24
$-41.5M
Q3 24
$47.8M
Q2 24
$-9.3M
$785.0K
Q1 24
$-9.2M
Gross Margin
CAPT
CAPT
FLNC
FLNC
Q4 25
4.9%
Q3 25
13.7%
Q2 25
14.8%
Q1 25
9.9%
Q4 24
11.4%
Q3 24
12.8%
Q2 24
17.2%
Q1 24
10.3%
Operating Margin
CAPT
CAPT
FLNC
FLNC
Q4 25
-14.8%
Q3 25
4.4%
Q2 25
1.9%
Q1 25
-10.2%
Q4 24
-31.4%
Q3 24
6.2%
Q2 24
-49.3%
1.1%
Q1 24
-2.3%
Net Margin
CAPT
CAPT
FLNC
FLNC
Q4 25
-9.5%
Q3 25
1.7%
Q2 25
1.0%
Q1 25
-7.2%
Q4 24
-22.2%
Q3 24
3.9%
Q2 24
-60.7%
0.2%
Q1 24
-1.5%
EPS (diluted)
CAPT
CAPT
FLNC
FLNC
Q4 25
$-0.34
Q3 25
$0.18
Q2 25
$0.01
Q1 25
$-0.24
Q4 24
$-0.32
Q3 24
$0.34
Q2 24
$0.00
Q1 24
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAPT
CAPT
FLNC
FLNC
Cash + ST InvestmentsLiquidity on hand
$452.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$388.0M
Total Assets
$2.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAPT
CAPT
FLNC
FLNC
Q4 25
$452.6M
Q3 25
$690.8M
Q2 25
$436.3M
Q1 25
$568.6M
Q4 24
$607.4M
Q3 24
$448.7M
Q2 24
$388.2M
Q1 24
$411.8M
Stockholders' Equity
CAPT
CAPT
FLNC
FLNC
Q4 25
$388.0M
Q3 25
$429.6M
Q2 25
$407.4M
Q1 25
$388.2M
Q4 24
$409.4M
Q3 24
$472.1M
Q2 24
$421.2M
Q1 24
$413.1M
Total Assets
CAPT
CAPT
FLNC
FLNC
Q4 25
$2.3B
Q3 25
$2.4B
Q2 25
$2.1B
Q1 25
$2.3B
Q4 24
$2.2B
Q3 24
$1.9B
Q2 24
$1.7B
Q1 24
$1.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CAPT
CAPT
FLNC
FLNC
Operating Cash FlowLast quarter
$-226.8M
Free Cash FlowOCF − Capex
$-232.6M
FCF MarginFCF / Revenue
-48.9%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-179.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAPT
CAPT
FLNC
FLNC
Q4 25
$-226.8M
Q3 25
$265.7M
Q2 25
$-153.9M
Q1 25
$-46.2M
Q4 24
$-211.2M
Q3 24
$10.5M
Q2 24
$-21.1M
Q1 24
$70.9M
Free Cash Flow
CAPT
CAPT
FLNC
FLNC
Q4 25
$-232.6M
Q3 25
$260.9M
Q2 25
$-157.4M
Q1 25
$-50.5M
Q4 24
$-213.3M
Q3 24
$7.3M
Q2 24
$-23.5M
Q1 24
$69.9M
FCF Margin
CAPT
CAPT
FLNC
FLNC
Q4 25
-48.9%
Q3 25
25.0%
Q2 25
-26.1%
Q1 25
-11.7%
Q4 24
-114.2%
Q3 24
0.6%
Q2 24
-4.9%
Q1 24
11.2%
Capex Intensity
CAPT
CAPT
FLNC
FLNC
Q4 25
1.2%
Q3 25
0.5%
Q2 25
0.6%
Q1 25
1.0%
Q4 24
1.1%
Q3 24
0.3%
Q2 24
0.5%
Q1 24
0.2%
Cash Conversion
CAPT
CAPT
FLNC
FLNC
Q4 25
Q3 25
14.81×
Q2 25
-24.61×
Q1 25
Q4 24
Q3 24
0.22×
Q2 24
-26.87×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAPT
CAPT

Segment breakdown not available.

FLNC
FLNC

Products$450.9M95%
Services$22.5M5%
Digital Applications And Solutions$1.9M0%

Related Comparisons