NASDAQ:FCEL
Fuelcell Energy Inc.
Fuelcell Energy Inc.'s revenue grew 41.0% in fiscal 2025 to $158.2M while operating margin rose to −121.6%. Free cash flow was −$143.9M, −91.0% of revenue, and the diluted share count rose 56.0%.Summary generated from Fuelcell Energy Inc.'s SEC filings. Latest annual report filed Dec 18, 2025.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$158.2M
Revenue growth+41.0%
Revenue, 5-yr CAGR+17.4%
Gross margin−16.7%
Operating margin−121.6%
Net margin−118.8%
ROIC−26.6%
Return on equity−28.5%
Debt / equity0.18
Free cash flow−$143.9M
FCF margin−91.0%
Share count change+56.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 70 | 130 | 123 | 112 | 158 |
| Operating income | −65 | −144 | −136 | −158 | −192 |
| Net income | −101 | −143 | −108 | −126 | −188 |
| Free cash flow | −77 | −133 | −180 | −201 | −144 |
Recent filings
- 4Insider transaction report
Oct 8, 2026 - 8-KDirector or officer change
Oct 7, 2026 - 4Insider transaction report
Sep 15, 2026 - 10-QQuarterly report for the period ended Jul 31, 2026
Sep 2, 2026 - 8-KResults of operations and financial condition
Sep 2, 2026 - 8-KOther events
Jul 21, 2026 - 8-KEntry into a material agreement
Jul 9, 2026 - 8-KEntry into a material agreement
Jun 24, 2026