FY2025 · ended Oct 31, 2025 · Revenue $158.16M, +41.0% YoY · Filed Dec 18, 2025
Fuelcell Energy, Inc. (FCEL) files with the SEC under industry code 3620, Electrical Industrial Apparatus. In fiscal 2025, which ended Oct 31, 2025, it reported revenue of $158.2 million and a net loss of $187.9 million. Free cash flow was -$143.9 million. As of Jul 31, 2026 it held $658.1 million in cash and investments and $147.4 million in total debt.
Revenue (TTM)
$154.14M
+1.1% vs year-ago TTM
Net income (TTM)
$-175.10M
+12.2% vs year-ago TTM
Operating cash flow (TTM)
$-96.30M
+0.3% vs year-ago TTM
Free cash flow (TTM)
$-101.11M
+18.9% vs year-ago TTM
EPS (TTM)
$-3.42
+63.9% vs year-ago TTM
Dividend per share
None
Shares outstanding
47.74M
+133.4% vs prior year
Net cash
$510.66M
as of Jul 31, 2026
Operating margin
-116.3%
FY 2026
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)
Other Electrical Industrial Apparatus companies
- Bloom Energy Corp BE
- Woodward, Inc. WWD
- Forgent Power Solutions, Inc. FPS
- Accelevation Holdings Corp. ACCV
- Plug Power Inc PLUG
- Ballard Power Systems Inc. BLDP
- ERock, Inc. EROC
- Graftech International Ltd EAF
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | 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 |
|---|---|---|---|---|---|
| Revenue | $158.2M | $112.1M | $123.4M | $130.5M | $69.6M |
| Operating income | -$192.3M | -$158.5M | -$136.1M | -$143.7M | -$64.9M |
| Net income | -$187.9M | -$126.0M | -$107.6M | -$142.7M | -$101.1M |
| Diluted EPS | -$7.42 | -$7.83 | -$7.92 | -$11.43 | -$0.31 |
| Operating cash flow | -$125.3M | -$152.9M | -$140.2M | -$112.2M | -$70.4M |
| Free cash flow | -$143.9M | -$200.6M | -$179.6M | -$133.2M | -$76.8M |
| Total assets | $932.1M | $944.1M | $955.5M | $939.7M | $875.2M |
| 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 and investments | $278.1M | $257.3M | $353.7M | $458.1M | $432.2M |
| Total debt | $116.7M | $125.4M | $119.0M | $77.4M | $86.7M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Oct 28, 2026 | Oct 26, 2026 |
| 8-K |
Current report
Officer or director change
|
Oct 7, 2026 | Oct 4, 2026 |
| 10-Q | Quarterly report | Sep 2, 2026 | Jul 31, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Sep 2, 2026 | Sep 2, 2026 |
| 8-K |
Current report
Other events
|
Jul 21, 2026 | Jul 21, 2026 |
| 8-K |
Current report
Material agreement, Regulation FD disclosure
|
Jul 9, 2026 | Jul 7, 2026 |
All 1003 Fuelcell Energy, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.