FuelCell Energy Inc (FCEL) stock
FCELNasdaqElectrical Industrial ApparatusFiscal year ends October 31Also trades as FCELB
$10.25−0.70 (-6.39%)
Close on Nov 12, 2026Market cap $819.53MP/E –Yield –
FuelCell Energy r&d expenses
Research and development expenses are spending on new products and technology.
FuelCell Energy's R&D Expenses for the twelve months ending Jul 31, 2026 was $28.64M, down 28.8% year over year. For fiscal 2025 it was $34.08M, down 38.5% from the year before. Over ten years it grew 6.9% a year on average. The highest annual figure on record is $61.02M in fiscal 2023.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Oct 31, 2025 | $34.08M | -38.5% |
| FY2024 | Oct 31, 2024 | $55.40M | -9.2% |
| FY2023 | Oct 31, 2023 | $61.02M | +76.7% |
| FY2022 | Oct 31, 2022 | $34.53M | +205.2% |
| FY2021 | Oct 31, 2021 | $11.32M | +135.9% |
| FY2020 | Oct 31, 2020 | $4.80M | -65.2% |
| FY2019 | Oct 31, 2019 | $13.79M | -39.6% |
| FY2018 | Oct 31, 2018 | $22.82M | +11.9% |
| FY2017 | Oct 31, 2017 | $20.40M | -2.1% |
| FY2016 | Oct 31, 2016 | $20.85M | +19.5% |
| FY2015 | Oct 31, 2015 | $17.44M | -4.4% |
| FY2014 | Oct 31, 2014 | $18.24M | +16.1% |
| FY2013 | Oct 31, 2013 | $15.72M | +9.5% |
| FY2012 | Oct 31, 2012 | $14.35M | -14.4% |
| FY2011 | Oct 31, 2011 | $16.77M | -9.7% |
| FY2010 | Oct 31, 2010 | $18.56M | -3.1% |
| FY2009 | Oct 31, 2009 | $19.16M | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026CQ2 2026 | Jul 31, 2026 | $8.51M | +11.3% |
| Q2 FY2026CQ1 2026 | Apr 30, 2026 | $7.71M | -22.1% |
| Q1 FY2026CQ4 2025 | Jan 31, 2026 | $6.96M | -37.2% |
| Q4 FY2025CQ3 2025 | Oct 31, 2025 | $5.46M | -53.0% |
| Q3 FY2025CQ2 2025 | Jul 31, 2025 | $7.65M | -40.3% |
| Q2 FY2025CQ1 2025 | Apr 30, 2025 | $9.90M | -40.5% |
| Q1 FY2025CQ4 2024 | Jan 31, 2025 | $11.08M | -22.8% |
| Q4 FY2024CQ3 2024 | Oct 31, 2024 | $11.61M | -35.6% |
| Q3 FY2024CQ2 2024 | Jul 31, 2024 | $12.82M | -18.0% |
| Q2 FY2024CQ1 2024 | Apr 30, 2024 | $16.63M | +13.1% |
| Q1 FY2024CQ4 2023 | Jan 31, 2024 | $14.35M | +13.2% |
| Q4 FY2023CQ3 2023 | Oct 31, 2023 | $18.02M | +47.6% |
| Q3 FY2023CQ2 2023 | Jul 31, 2023 | $15.62M | +61.7% |
| Q2 FY2023CQ1 2023 | Apr 30, 2023 | $14.70M | +91.5% |
| Q1 FY2023CQ4 2022 | Jan 31, 2023 | $12.68M | +154.5% |
| Q4 FY2022CQ3 2022 | Oct 31, 2022 | $12.21M | +248.4% |
| Q3 FY2022CQ2 2022 | Jul 31, 2022 | $9.66M | +219.5% |
| Q2 FY2022CQ1 2022 | Apr 30, 2022 | $7.67M | +158.9% |
| Q1 FY2022CQ4 2021 | Jan 31, 2022 | $4.98M | +173.4% |
| Q4 FY2021CQ3 2021 | Oct 31, 2021 | $3.51M | +137.8% |
| Q3 FY2021CQ2 2021 | Jul 31, 2021 | $3.02M | +194.4% |
| Q2 FY2021CQ1 2021 | Apr 30, 2021 | $2.96M | +159.8% |
| Q1 FY2021CQ4 2020 | Jan 31, 2021 | $1.82M | +57.8% |
| Q4 FY2020CQ3 2020 | Oct 31, 2020 | $1.47M | +9.1% |
| Q3 FY2020CQ2 2020 | Jul 31, 2020 | $1.03M | -48.1% |
| Q2 FY2020CQ1 2020 | Apr 30, 2020 | $1.14M | -72.7% |
| Q1 FY2020CQ4 2019 | Jan 31, 2020 | $1.16M | -81.6% |
| Q4 FY2019CQ3 2019 | Oct 31, 2019 | $1.35M | -81.8% |
| Q3 FY2019CQ2 2019 | Jul 31, 2019 | $1.98M | -68.7% |
| Q2 FY2019CQ1 2019 | Apr 30, 2019 | $4.18M | -16.8% |
| Q1 FY2019CQ4 2018 | Jan 31, 2019 | $6.28M | +55.2% |
| Q4 FY2018CQ3 2018 | Oct 31, 2018 | $7.43M | +75.9% |
| Q3 FY2018CQ2 2018 | Jul 31, 2018 | $6.32M | +17.1% |
| Q2 FY2018CQ1 2018 | Apr 30, 2018 | $5.02M | -6.8% |
| Q1 FY2018CQ4 2017 | Jan 31, 2018 | $4.05M | -25.0% |
| Q4 FY2017CQ3 2017 | Oct 31, 2017 | $4.23M | -17.6% |
| Q3 FY2017CQ2 2017 | Jul 31, 2017 | $5.39M | – |
| Q2 FY2017CQ1 2017 | Apr 30, 2017 | $5.39M | – |
| Q1 FY2017CQ4 2016 | Jan 31, 2017 | $5.39M | – |
| Q4 FY2016CQ3 2016 | Oct 31, 2016 | $5.13M | – |
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