FUELCELL ENERGY INC
Financial highlights
| Metric | FY 10/31/25 | FY 10/31/24 | FY 10/31/23 | FY 10/31/22 | FY 10/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $158.2M | $112.1M | $123.4M | $130.5M | $69.6M |
| Cost of revenue | $184.6M | $148.1M | $133.9M | $160.1M | $85.2M |
| Selling, general & administrative | $60.7M | $64.6M | $64.5M | $79.6M | $37.9M |
| Research and development | $34.1M | $55.4M | $61.0M | $34.5M | $11.3M |
| Operating expenses | $165.9M | $122.6M | $125.5M | $114.1M | $49.3M |
| Operating income | -$192.3M | -$158.5M | -$136.1M | -$143.7M | -$64.9M |
| Interest expense | $10.4M | $9.7M | $7.2M | $6.4M | $7.4M |
| Pretax income | -$191.2M | -$156.8M | -$107.5M | -$146.4M | -$101.0M |
| Income tax expense | $137,000 | $25,000 | $581,000 | $819,000 | $2,000 |
| Net income | -$187.9M | -$126.0M | -$107.6M | -$142.7M | -$101.1M |
| Balance Sheet | |||||
| Cash and equivalents | $278.1M | $148.1M | $250.0M | $458.1M | $432.2M |
| Current assets | $449.8M | $444.5M | $476.3M | $580.3M | $543.4M |
| Total assets | $932.1M | $944.1M | $955.5M | $939.7M | $875.2M |
| Current liabilities | $67.8M | $73.9M | $65.9M | $85.8M | $52.8M |
| Total liabilities | $201.0M | $216.7M | $195.2M | $185.3M | $169.9M |
| Stockholders' equity | $662.2M | $656.9M | $682.5M | $684.4M | $642.4M |
| Cash Flow Statement | |||||
| Cash from operations | -$125.3M | -$152.9M | -$140.2M | -$112.2M | -$70.4M |
| Depreciation and amortization | $40.4M | $36.2M | $25.4M | $21.3M | $19.9M |
| Stock-based compensation | $11.1M | $11.8M | $12.0M | $6.8M | $4.3M |
| Capital expenditure | $18.6M | $47.7M | $39.4M | $21.1M | $6.4M |
| Free cash flow | -$143.9M | -$200.6M | -$179.6M | -$133.2M | -$76.8M |
| Impairments | $65.8M | $1.3M | $2.4M | $22.1M | $2.8M |
Shares outstanding 67.6M · Free float 71.4%
Annual filing data through FY ended October 31, 2025; float as of July 11, 2026.