FUELCELL ENERGY, INC.

EDGAR

Annual consolidated revenue for 2025: about Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 158.2M, using the latest reported figures. The previous period, 2024, was about Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 112.1M.

Watchlist

Latest quarter

Revenue

33 million Unit_Standard_USD_VinS82GfD0eEwAZfXK1nWw

2026 Q3 · Unit_Standard_USD_VinS82GfD0eEwAZfXK1nWw

Exact inputs and evidence
  • Revenue: 33001000 Unit_Standard_USD_VinS82GfD0eEwAZfXK1nWw Source

Operating margin

-141.39%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: -46660000 Unit_Standard_USD_VinS82GfD0eEwAZfXK1nWw Source
  • Revenue: 33001000 Unit_Standard_USD_VinS82GfD0eEwAZfXK1nWw Source
Cash and cash equivalents
658 million Unit_Standard_USD_VinS82GfD0eEwAZfXK1nWw Source
Exact value

658100000 Unit_Standard_USD_VinS82GfD0eEwAZfXK1nWw

Long-term debt including current maturities
87.8 million USD Source
Exact value

87839000 USD

Shares outstanding
80 million Unit_Standard_shares_7e_Y3y_DHkmoVjGf-06CnA Source
Exact value

79954196 Unit_Standard_shares_7e_Y3y_DHkmoVjGf-06CnA

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-28.

Financial data available through: 2025-10-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-10-31
  • Operating income: 3 of 11 periods available· newest 2025-10-31
  • Net income: 3 of 11 periods available· newest 2025-10-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-10-31
  • capital expenditure: No compatible figures in this window
  • Total assets: Multiple units; comparison withheld· newest 2025-10-31
  • Total liabilities: Multiple units; comparison withheld· newest 2025-10-31
  • Current assets: Multiple units; comparison withheld· newest 2025-10-31
  • Current liabilities: Multiple units; comparison withheld· newest 2025-10-31
  • Cash and cash equivalents: Multiple units; comparison withheld· newest 2025-10-31
  • Long-term debt including current maturities: 2 of 11 periods available· newest 2016-10-31
  • Shares outstanding: Multiple units; comparison withheld· newest 2025-10-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +41%

    Prior period

    Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 112.13 million

    –

    Current period

    Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 158.16 million

    –

    Exact inputs and evidence

    158162000 − 112132000 = 46030000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA

    112132000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA · 2023-11-01 – 2024-10-31

    Inspect prior input Prior source

    158162000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA · 2024-11-01 – 2025-10-31

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  • Net income

    −Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 61.89 million

    Prior period

    −Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 126.01 million

    –

    Current period

    −Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 187.9 million

    –

    Exact inputs and evidence

    -187899000 − -126009000 = -61890000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA

    -126009000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA · 2023-11-01 – 2024-10-31

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    -187899000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA · 2024-11-01 – 2025-10-31

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  • Operating cash flow

    +Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 27.62 million

    Prior period

    −Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 152.91 million

    –

    Current period

    −Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 125.29 million

    –

    Exact inputs and evidence

    -125291000 − -152906000 = 27615000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA

    -152906000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA · 2023-11-01 – 2024-10-31

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    -125291000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA · 2024-11-01 – 2025-10-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2024-11-01 – 2025-10-31

  • Revenue Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 158.16 million 100% of revenue
  • Cost of revenue Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 184.57 million 117% of revenue
  • Operating expenses Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 165.94 million 105% of revenue
  • Operating income −Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 192.35 million −122% of revenue
  • Tax, interest and other Derived −Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 4.45 million −2.8% of revenue
  • Net income −Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 187.9 million −119% of revenue

Cash

  • Operating cash flow −Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 125.29 million −79% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 Operating loss: operating costs were 210% of revenue.
  • 2024 Operating loss: operating costs were 241% of revenue.
  • 2025 Operating loss: operating costs were 222% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2022-11-01 – 2023-10-31123394000 259478000 Derived -136084000 -28516000 Derived -107568000 Unavailable
Source
2024 2023-11-01 – 2024-10-31112132000 270620000 Derived -158488000 -32479000 Derived -126009000 Unavailable
Source
2025 2024-11-01 – 2025-10-31158162000 350510000 Derived -192348000 -4449000 Derived -187899000 Unavailable
Source

Amounts are exact, in Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 158.2M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.170.8M128.1M85.4M42.7M0.0202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA)Source evidence
2023Revenue123394000
2024Revenue112132000
2025Revenue158162000

Revenue growth

Change in revenue from the same financial period one year earlier.

41% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.45%31%16%1%-13%202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year-9.1%
2025Year over year41%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -121.6% 2025
Net margin -118.8% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.11%-30%-71%-112%-153%202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023Operating margin-110.3%
2024Operating margin-141.3%
2025Operating margin-121.6%
2023Net margin-87.2%
2024Net margin-112.4%
2025Net margin-118.8%
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA -125.3M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12.2M-32.1M-76.5M-120.8M-165.1M202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA)Source evidence
2023Operating cash flow-140250000
2024Operating cash flow-152906000
2025Operating cash flow-125291000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA)Source evidence
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-10-31Liabilities / assetsNot reportedNo source recorded
2024-10-31Liabilities / assetsNot reportedNo source recorded
2025-10-31Liabilities / assetsNot reportedNo source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-10-31Current assets / current liabilitiesNot reportedNo source recorded
2024-10-31Current assets / current liabilitiesNot reportedNo source recorded
2025-10-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2022-11-01 – 2023-10-31
−Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 107.57 million
Exact value

Exact value: -107568000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA

2022-11-01 – 2023-10-31: -107568000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA Inspect Net Income Open source
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−Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 140.25 million
Exact value

Exact value: -140250000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA

2022-11-01 – 2023-10-31: -140250000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2023-11-01 – 2024-10-31
−Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 126.01 million
Exact value

Exact value: -126009000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA

2023-11-01 – 2024-10-31: -126009000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA Inspect Net Income Open source
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−Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 152.91 million
Exact value

Exact value: -152906000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA

2023-11-01 – 2024-10-31: -152906000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2024-11-01 – 2025-10-31
−Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 187.9 million
Exact value

Exact value: -187899000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA

2024-11-01 – 2025-10-31: -187899000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA Inspect Net Income Open source
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−Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA 125.29 million
Exact value

Exact value: -125291000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA

2024-11-01 – 2025-10-31: -125291000 Unit_Standard_USD_dfE-NQ4A7ki0ry4dDQl8IA Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

175 filings · 7,366 latest values · 7,366 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000886128, 886128, FCEL, FCELB, edgar:886128

Also known as ENERGY RESEARCH CORP /NY/, FUELCELL ENERGY INC, FUELCELL ENERGY INC , FUELCELL ENERGY, INC., FUELCELL ENERGY, INC., FuelCell Energy, Inc.