FuelCell Energy, Inc. (FCEL)

Nasdaq: FCEL · Electrical Industrial Apparatus · Danbury, CT · filing with the SEC since 1996

Grade3.9

◀ Past 3.4● Present 3.5▶ Future 5.1

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in October.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018	Oct 31, 2017	Oct 31, 2016
Report filed	Dec 18, 2025	Dec 27, 2024	Dec 19, 2023	Dec 20, 2022	Dec 29, 2021	Jan 21, 2021	Jan 22, 2020	Jan 10, 2019	Jan 11, 2018	Jan 12, 2017
Revenue	158,162	112,132	123,394	130,484	69,585	70,871	60,752	89,437	95,666	108,252
Cost of revenue	184,570	148,050	133,929	160,059	85,224	78,596	82,021	86,344	92,932	108,609
Gross profit	·	·	·	·	·	-7,725	-21,269	3,093	2,734	-357
Research and development	34,079	55,404	61,021	34,529	11,315	4,797	13,786	22,817	20,398	20,846
Selling, general and administrative	60,743	64,604	64,528	79,620	37,948	26,644	31,874	24,908	25,916	25,150
Total operating expenses	165,940	122,570	125,549	114,149	49,263	31,441	45,660	47,725	47,669	45,996
Operating income	-192,348	-158,488	-136,084	-143,724	-64,902	-39,166	-66,929	-44,632	-44,935	-46,353
Interest expense	10,378	9,690	7,247	6,394	7,363	15,294	10,623	9,055	9,171	4,958
Interest and investment income	8,313	13,720	15,795	3,386	34	·	·	·	·	·
Other income (expense), net	3,178	-2,295	4,724	319^r	-728^r	684	93	3,338	247	622
Income before income taxes	-191,235	-156,753	-107,475	-146,413	-101,023	-89,061	-77,459	-50,349	-53,859	-50,689
Income tax expense	137	25	581	819	2	46	109	-3,015	44	519
Income from continuing operations	-191,372	-156,778	-108,056	-147,232	-101,025	-89,107	·	·	·	·
Net income including non-controlling interests	-191,372	-156,778	-108,056	-147,232	-101,025	-89,107	-77,568	-47,334	-53,903	-51,208
Net income to non-controlling interests	-3,473	-30,769	-488	-4,510	30	·	·	0	0	-251
Net income	-187,899	-126,009	-107,568	-142,722	-101,055	-89,107	-77,568	-47,334	-53,903	-50,957
Net income to common shareholders	-191,099	-129,209	-110,768	-145,922	-104,255	-92,438	-100,245	-62,168	-57,103	-54,157
Earnings per share, basic	-7.42	-7.83	-7.92^r	-11.43^r	-9.30^b	-12.60^b	-54.60^b	-270.30^rb	-411.90^rb	-655.20^b
Earnings per share, diluted	-7.42	-7.83	-7.92^r	-11.43^r	-9.30^b	-12.60^b	-54.60^b	-270.30^rb	-411.90^rb	-655.20^b
Earnings per share, basic and diluted	·	·	·	·	·	-12.60^b	-54.60^b	-270.30^rb	-410.40^b	-655.20^b
Weighted average shares, basic	25,743,252	16,505,257	13,991,593^r	12,771,305^r	11,158,078^b	7,398,676^b	1,836,042^b	229,873^rb	138,652^rb	82,705^b
Weighted average shares, diluted	25,743,252	16,505,257	13,991,593^r	12,771,305^r	11,158,078^b	7,398,676^b	1,836,042^b	229,873^rb	138,652^rb	82,705^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-30 reverse split of Nov 2024.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton FCEL · research, not advice