Fuelcell Energy, Inc. cash flow statement FCEL

Annual Quarterly

In fiscal 2025, which ended Oct 31, 2025, Fuelcell Energy, Inc. used $125.3 million of cash from operations, up 18.1% from the year before. It spent $18.6 million on capital expenditures. Free cash flow was negative, at -$143.9 million.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

FY 2026
Jul 31, 2026
FY 2025
Oct 31, 2025
FY 2024
Oct 31, 2024
FY 2023
Oct 31, 2023
FY 2022
Oct 31, 2022
FY 2021
Oct 31, 2021
FY 2020
Oct 31, 2020
FY 2019
Oct 31, 2019
FY 2018
Oct 31, 2018
FY 2016
Oct 31, 2016
FY 2015
Oct 31, 2015
Operating
Depreciation and amortization
41
+3.0%
40
+11.6%
36
+42.6%
25
+19.3%
21
+7.1%
20
+2.6%
19
+295.4%
5
+6.5%
5
+4.5%
4
+4.9%
4
-6.5%
Stock-based compensation
10
-11.5%
11
-5.7%
12
-1.6%
12
+76.0%
7
+58.2%
4
+129.8%
2
-33.4%
3
-13.4%
3
-29.4%
3
+8.5%
3
+8.6%
Operating cash flow
-96
+0.3%
-125
+18.1%
-153
-9.0%
-140
-25.0%
-112
-59.2%
-70
-91.5%
-37
-20.3%
-31
-287.3%
16
-47
-5.2%
-44
+23.0%
Investing
Capital expenditures
5
-82.9%
19
-61.0%
48
+21.3%
39
+86.7%
21
+231.8%
6
+1563.1%
0
-82.2%
2
-78.6%
10
-18.8%
8
+11.5%
7
+10.1%
Investing cash flow
-17
-134.6%
89
+248.0%
-60
+68.8%
-192
-312.3%
-47
+36.3%
-73
-125.2%
-33
+53.1%
-69
-35.2%
-51
-41
-498.2%
-7
+2.1%
Financing
Debt repaid
18
+34.2%
14
+23.4%
12
-75.5%
48
+401.2%
10
-90.3%
99
+227.5%
30
-37.8%
48
+191.3%
17
+93.9%
30
+1883.8%
2
-74.3%
Financing cash flow
614
+823.3%
169
+38.6%
122
-19.1%
151
-16.3%
181
-56.2%
412
+85.8%
222
+271.6%
60
+115.2%
28
121
+327.6%
28
-70.6%
Change in cash
Effect of exchange rate
0
+243.6%
0
-30.6%
0
+38.8%
0
+108.6%
-1
—
—
—
—
—
—
Net change in cash
500
+2580.2%
133
+246.5%
-91
+50.0%
-181
-971.1%
21
-92.2%
268
+76.1%
152
+476.3%
-40
-461.3%
-7
+76.6%
—
—
Free cash flow
-101
+18.9%
-144
+28.3%
-201
-11.7%
-180
-34.8%
-133
-73.5%
-77
-106.6%
-37
-13.6%
-33
-619.9%
6
-54
-6.1%
-51
+19.7%
Per share
Free cash flow per share
-1.94
+66.7%
-5.59
+54.0%
-12.16
+5.3%
-12.84
-23.0%
-10.43
-4448.0%
-0.23
-37.0%
-0.17
+71.8%
-0.59
-165.1%
0.91
-1.82
+12.7%
-2.09
+32.9%
Ratios
Free cash flow margin
-65.60%
-90.98%
-178.92%
-145.55%
-102.12%
-110.36%
-52.44%
-53.86%
7.04%
-50.18%
-31.40%
Capital expenditures to revenue
3.12%
11.76%
42.56%
31.89%
16.15%
9.13%
0.54%
3.54%
11.21%
7.14%
4.25%
Stock-based compensation to revenue
6.42%
7.01%
10.49%
9.69%
5.21%
6.17%
2.64%
4.62%
3.62%
3.16%
1.94%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry
Electrical Industrial Apparatus (SIC 3620)
Listed as
FCEL (Nasdaq), FCELB (OTC)
Fiscal year ends
October 31
Incorporated in
DE
Headquarters
Danbury, CT
SEC filer status
Accelerated filer
SEC CIK
886128
Former names
ENERGY RESEARCH CORP /NY/ (until Jun 14, 1999)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.