FuelCell Energy, Inc.
FCEL · NASDAQ
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 130.48M | -29.58M | -143.72M | -142.72M | -0.39 |
| 2023 FY | 123.39M | -10.54M | -136.08M | -107.57M | -0.26 |
| 2024 FY | 112.13M | -35.92M | -155.93M | -126.01M | -0.53 |
| 2025 FY | 158.16M | -26.41M | -121.23M | -187.90M | -7.42 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 939.72M | 185.33M | 458.06M | 104.29M | 744.25M |
| 2023 FY | 955.52M | 195.22M | 249.95M | 139.25M | 742.35M |
| 2024 FY | 944.12M | 216.66M | 148.13M | 156.48M | 716.78M |
| 2025 FY | 932.15M | 201.01M | 278.10M | 143.96M | 722.04M |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | -112.17M | -46.65M | -158.82M | -3.20M | 20.83M |
| 2023 FY | -140.25M | -92.36M | -232.61M | -3.20M | -181.47M |
| 2024 FY | -152.91M | -59.55M | -212.46M | -3.20M | -90.69M |
| 2025 FY | -125.29M | -22.54M | -147.83M | -3.20M | 132.91M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 35.08B | 34.72B | — | — | — |
| 2023 FY | 13.33B | 13.22B | — | — | — |
| 2024 FY | 2.51B | 2.52B | — | — | — |
| 2025 FY | 230.40M | 96.26M | — | — | — |
| 2026-10-31 | — | — | — | — | — |
| 2027-10-31 | — | — | — | — | — |
| 2028-10-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q3 | 46.74M | -5.13M | -95.36M | -91.66M | -3.78 |
| 2025 Q4 | 55.02M | -6.63M | 42.80M | -29.87M | -0.85 |
| 2026 Q1 | 30.53M | -5.86M | -26.29M | -23.66M | -0.49 |
| 2026 Q2 | 35.59M | -12.93M | -77.91M | -77.63M | -1.45 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q3 | 830.54M | 205.46M | 174.66M | 148.54M | 616.03M |
| 2025 Q4 | 932.15M | 201.01M | 278.10M | 143.96M | 722.04M |
| 2026 Q1 | 978.48M | 214.48M | 311.78M | 162.56M | 754.72M |
| 2026 Q2 | 1.00B | 274.87M | 373.17M | 159.70M | 719.43M |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q3 | -26.83M | -8.87M | -35.70M | -800.00K | 57.74M |
| 2025 Q4 | -22.86M | -1.11M | -23.97M | -800.00K | 104.94M |
| 2026 Q1 | -33.94M | -2.98M | -36.92M | -800.00K | 37.81M |
| 2026 Q2 | -27.30M | 504.00K | -26.79M | -800.00K | 66.95M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q3 | 121.23M | 95.10M | — | — | — |
| 2025 Q4 | 323.63M | 189.49M | — | — | — |
| 2026 Q1 | 394.81M | 245.59M | — | — | — |
| 2026 Q2 | 704.92M | 491.45M | — | — | — |
| 2026-07-31 | — | — | — | — | — |
| 2026-10-31 | — | — | — | — | — |
| 2027-01-31 | — | — | — | — | — |