FCEL · XBRL financial data

Fuelcell Energy financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (FCEL's year ends in late October)

In millions of dollars	Q4 FY23Oct 31, 2023	Q1 FY24Jan 31, 2024	Q2 FY24Apr 30, 2024	Q3 FY24Jul 31, 2024	Q4 FY24†Oct 31, 2024	Q1 FY25†Jan 31, 2025	Q2 FY25Apr 30, 2025	Q3 FY25Jul 31, 2025	Q4 FY25Oct 31, 2025	Q1 FY26Jan 31, 2026	Q2 FY26Apr 30, 2026	Q3 FY26Jul 31, 2026
Revenue from contracts with customers	22*	17	22	24	49*	19	37	47	55*	31	36	33
Cost of goods and services sold	24*	28	29	30	60*	24	47	52	62*	36	49	58
Research and development	18*	14	17	13	12*	11	10	8	5*	7	8	9
Selling, general and administrative	17*	16	18	15	16*	15	16	14	15*	13	15	14
Total operating expenses	35*	31	34	27	30*	28	26	90	22*	20	65	22
Operating income (loss)	(36)*	(42)	(41)	(34)	(41)*	(33)	(36)	(95)	(28)*	(26)	(78)	(47)
Interest income	5*	4	3	3	3*	2	2	2	2*	3	2	4
Interest expense	2*	2	2	3	3*	3	3	3	3*	3	3	3
Other income (expense)	5*	(4)	3	(2)	1*	1	(1)	4	(0)*	0	1	1
Income tax expense (benefit)	0*	—	—	0	0*	—	0	0	0*	—	(0)	0*
Net income (loss)	(30)*	(20)	(32)	(33)	(41)*	(28)	(38)	(92)	(30)*	(23)	(78)	(44)
Earnings per share, basic‡ USD per share	(2.12)*	(1.52)	(2.12)	(2.12)	—	(1.42)	(1.79)	(3.78)	—	(0.49)	(1.45)	(0.64)
Earnings per share, diluted‡ USD per share	(2.12)*	(1.52)	(2.12)	(2.12)	—	(1.42)	(1.79)	(3.78)	—	(0.49)	(1.45)	(0.64)
Weighted average shares, basic‡ millions of shares	15*	15	15	17	—	21	22	24	—	48	54	70
Weighted average shares, diluted‡ millions of shares	15*	15	15	17	—	21	22	24	—	48	54	70

‡ Per-share figures and share counts are adjusted for the 1-for-30.3030303030303 stock split (November 2024); filings made before it reported them unadjusted.
† Share count changed about 1/27 in the period ending 2024-10-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 31x in the period ending 2025-01-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal quarters (FCEL's year ends in late October)

In millions of dollars	Q4 FY23Oct 31, 2023	Q1 FY24Jan 31, 2024	Q2 FY24Apr 30, 2024	Q3 FY24Jul 31, 2024	Q4 FY24†Oct 31, 2024	Q1 FY25†Jan 31, 2025	Q2 FY25Apr 30, 2025	Q3 FY25Jul 31, 2025	Q4 FY25Oct 31, 2025	Q1 FY26Jan 31, 2026	Q2 FY26Apr 30, 2026	Q3 FY26Jul 31, 2026
Cash and cash equivalents	250	297	159	159	148	98	116	175	278	312	373	658
Short-term investments	104	—	101	108	109	110	61	—	—	—	—	—
Accounts receivable	4	3	7	11	12	9	10	10	4	6	8	7
Inventory	84	103	114	129	114	126	124	105	86	90	88	86
Total current assets	476	445	426	460	444	411	384	370	450	495	544	833
Property and equipment, net	90	98	112	121	131	135	138	98	96	96	95	95
Right-of-use asset	8	8	8	8	8	8	8	11	11	11	11	11
Goodwill	4	4	4	4	4	4	4	—	—	—	—	—
Total assets	956	923	917	949	944	908	884	831	932	978	1,003	1,311
Accounts payable	27	17	22	17	23	18	23	16	17	15	16	16
Accrued liabilities	26	22	24	26	30	24	25	30	31	25	24	41
Total current liabilities	66	54	65	67	74	65	68	69	68	62	63	96
Lease liability, non-current	9	9	9	9	9	9	8	12	12	12	12	12
Total liabilities	195	181	205	204	217	202	205	205	201	214	215	268
Accumulated deficit	(1,516)	(1,535)	(1,567)	(1,600)	(1,642)	(1,670)	(1,708)	(1,800)	(1,829)	(1,852)	(1,930)	(1,975)
Total stockholders' equity	682	664	640	676	657	635	609	556	662	695	719	975
Total liabilities and equity	956	923	917	949	944	908	884	831	932	978	1,003	1,311
Common shares outstanding (cover page)‡ millions of shares	15	15	16	18	1	21	23	32	48	53	68	80

‡ Per-share figures and share counts are adjusted for the 1-for-30.3030303030303 stock split (November 2024); filings made before it reported them unadjusted.
† Share count changed about 1/27 in the period ending 2024-10-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 31x in the period ending 2025-01-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal quarters (FCEL's year ends in late October)

In millions of dollars	Q4 FY23Oct 31, 2023	Q1 FY24Jan 31, 2024	Q2 FY24Apr 30, 2024	Q3 FY24Jul 31, 2024	Q4 FY24†Oct 31, 2024	Q1 FY25†Jan 31, 2025	Q2 FY25Apr 30, 2025	Q3 FY25Jul 31, 2025	Q4 FY25Oct 31, 2025	Q1 FY26Jan 31, 2026	Q2 FY26Apr 30, 2026	Q3 FY26Jul 31, 2026
Net income (loss)	(30)*	(20)	(32)	(33)	(41)*	(28)	(38)	(92)	(30)*	(23)	(78)	(44)
Stock-based compensation	3*	3	3*	3*	3*	2	5*	2*	2*	2	3*	2*
Depreciation and amortization	7*	9	10*	9*	9*	10	11*	10*	10*	11	11*	9*
Net cash from operating activities	(16)*	(58)	(37)*	(63)*	6*	(46)	(30)*	(27)*	(23)*	(34)	(27)*	(12)*
Net cash from investing activities	(54)*	87	(114)*	8*	(41)*	(7)	45*	52*	(1)*	(3)	(6)*	(7)*
Repayments of long-term debt	6*	3	3*	4*	3*	3	3*	4*	4*	5	5*	4*
Net cash from financing activities	33*	21	15*	61*	26*	5	3*	33*	129*	75	94*	316*
Net change in cash	(37)*	49	(137)*	6*	(9)*	(48)	19*	58*	105*	38	61*	296*

† Share count changed about 1/27 in the period ending 2024-10-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 31x in the period ending 2025-01-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 3620 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3620 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Fuelcell Energy	658	33	(12)*	80.0M	25.6 quarters	Q3 FY26 10-QJul 31, 2026
ERock	627	40	not reported	not reported	—	Q2 FY26 10-QJun 30, 2026
Net Power	118	not reported	(9.6)*	not reported	32.0 quarters	Q2 FY26 10-QJun 30, 2026
Newbury Street II Acquisition	0.4	not reported	(0.1)*	not reported	3.9 quarters	Q2 FY26 10-QJun 30, 2026
Graftech International	134	140	(8.4)*	26.9M	—	Q3 FY26 10-QSep 30, 2026
374Water	1.8	2.3	0.2*	17.7M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.