FCELNasdaqElectrical Industrial ApparatusFiscal year ends October 31Also trades as FCELB

FUELCELL ENERGY INC

Financials through Q3 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 2, 2026

$12.89−0.11 (-0.85%)

Close on Oct 19, 2026

Market cap: $907.53M
P/E (TTM): –
Dividend yield: –

FUELCELL ENERGY INC income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31	FY 2020 2020-10-31	FY 2019 2019-10-31	FY 2018 2018-10-31	FY 2017 2017-10-31	FY 2016 2016-10-31	FY 2015 2015-10-31	FY 2014 2014-10-31	FY 2013 2013-10-31	FY 2012 2012-10-31	FY 2011 2011-10-31	FY 2010 2010-10-31	FY 2009 2009-10-31
Revenue	158	112	123	130	70	71	61	89	96	108	163	180	188	121	123	70	88
Cost of Revenue	185	148	134	160	85	79	82	86	93	109	150	167	181	120	135	88	118
Gross Profit	-26	-36	-11	-30	-16	-7.73	-21	3.09	2.73	-0.36	13	14	7.12	0.45	-13	-19	-30
Research & Development	34	55	61	35	11	4.80	14	23	20	21	17	18	16	14	17	19	19
Selling, General & Admin	61	65	65	80	38	27	32	25	26	25	24	23	21	18	16	17	17
Operating Expenses	166	123	126	114	49	31	46	48	48	46	42	41	37	33	33	36	36
Operating Income	-192	-158	-136	-144	-65	-39	-67	-45	-45	-46	-29	-27	-30	-32	-46	-54	-66
Interest Expense	10	9.69	7.25	6.39	7.36	15	11	9.06	9.17	4.96	2.96	3.56	3.97	2.30	2.58	-0.13	0.27
Interest & Investment Income	8.31	14	16	3.39	0.03	–	–	–	–	–	–	–	–	–	–	–	–
Income from Equity Investments	–	–	–	–	–	–	–	–	–	–	0	0	0.05	-0.65	0.06	-0.73	-0.81
Other Non-Operating Income	3.18	-2.30	4.72	0.32	-0.73	0.68	0.09	3.34	0.25	0.62	2.44	-7.52	-1.21	1.24	1.05	–	–
Merger & Restructuring Charges	5.34	2.56	–	–	–	0	–	0	1.36	0	–	–	–	–	–	–	–
Asset Impairment Charges	66	1.26	2.38	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Pretax Income	-191	-157	-107	-146	-101	-89	-77	-50	-54	-51	-29	-38	-35	-36	-46	-56	-69
Income Tax Expense	0.14	0.03	0.58	0.82	0.00	0.05	0.11	-3.02	0.04	0.52	0.27	0.49	0.37	0.07	0.02	0.04	–
Income from Continuing Operations	-191	-157	-108	-147	-101	-89	–	–	–	–	–	–	–	–	–	–	–
Net Income incl. Noncontrolling Interests	-191	-157	-108	-147	-101	-89	-78	-47	-54	-51	-30	-39	-39	-36	-46	-56	-69
Minority Interest in Earnings	-3.47	-31	-0.49	-4.51	0.03	–	–	0	0	-0.25	-0.33	-0.76	-0.96	-0.41	-0.26	-0.66	–
Net Income	-188	-126	-108	-143	-101	-89	-78	-47	-54	-51	-29	-38	-34	-35	-46	-56	-69
Preferred Dividends	3.20	3.20	3.20	3.20	3.20	3.33	3.23	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.20	3.21
Net Income to Common	-191	-129	-111	-146	-104	-92	-100	-62	-57	-54	-33	-41	-38	-39	-58	-59	-72
EPS (Basic)(per share)	-7.42	-7.83	-7.92	-11.43	-9.30	-12.60	-54.60	-270.30	-411.90	-655.20	-478.80	-727.20	-871.20	-993.60	-2,030.40	-2,721.60	-4,276.80
EPS (Diluted)(per share)	-7.42	-7.83	-7.92	-11.43	-9.30	-12.60	-54.60	-270.30	-411.90	-655.20	-478.80	-727.20	-871.20	-993.60	-2,030.40	-2,721.60	-4,276.80
Shares Outstanding (Basic, Weighted)(shares)	26	17	14	13	11	7.40	1.84	0.23	0.14	0.08	0.07	0.06	0.04	0.04	0.03	0.02	0.02
Shares Outstanding (Diluted, Weighted)(shares)	26	17	14	13	11	7.40	1.84	0.23	0.14	0.08	0.07	0.06	0.04	0.04	0.03	0.02	0.02
EBITDA	-152	-122	-111	-122	-45	-20	-55	-36	–	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jul 31, 2026

Profitability, TTM

Gross margin: -32.4%
Operating margin: -116.3%
Net margin: -113.6%
Return on equity, FY2025: -28.5%

Financial strength

Current ratio: 8.67
Debt to equity: 0.16
Debt to assets: 11.7%
Cash to current liabilities: 684.9%

Valuation

P/E ratio: –
Price to sales: 5.89
Price to book: 0.93
Dividend yield: –