FuelCell Energy, Inc. (FCEL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 35.59M | 30.53M | 55.02M | 46.74M | 37.41M | 19M | 49.33M | 23.7M | 22.42M | 16.69M | 22.46M | 25.51M | 38.35M | 37.07M | 39.2M | 43.1M | 16.38M | 31.8M | 13.94M | 26.82M |
| Revenue Growth % | -4.86% | 60.71% | 11.54% | 97.27% | 66.84% | 13.82% | 119.6% | -7.11% | -41.54% | -54.98% | -42.7% | -40.82% | 134.06% | 16.6% | 181.31% | 60.72% | 17.42% | 113.72% | -18.02% | 43.21% |
| Cost of Goods Sold | 48.52M | 36.39M | 61.65M | 51.88M | 46.84M | 24.2M | 60.24M | 29.9M | 29.49M | 28.42M | 23.93M | 33.73M | 44.44M | 31.84M | 54.39M | 47.28M | 23.69M | 34.69M | 22.3M | 25.72M |
| COGS % of Revenue | 136.33% | 119.18% | 112.05% | 110.98% | 125.23% | 127.39% | 122.13% | 126.17% | 131.55% | 170.25% | 106.52% | 132.2% | 115.89% | 85.87% | 138.75% | 109.7% | 144.62% | 109.11% | 160.03% | 95.9% |
| Gross Profit | -12.93M | -5.86M | -6.63M | -5.13M | -9.44M | -5.2M | -10.92M | -6.2M | -7.07M | -11.72M | -1.46M | -8.21M | -6.09M | 5.24M | -15.19M | -4.18M | -7.31M | -2.9M | -8.37M | 1.1M |
| Gross Margin % | -36.33% | -19.18% | -12.05% | -10.98% | -25.23% | -27.39% | -22.13% | -26.17% | -31.55% | -70.25% | -6.52% | -32.2% | -15.89% | 14.13% | -38.75% | -9.7% | -44.62% | -9.11% | -60.03% | 4.1% |
| Gross Profit Growth % | -36.99% | -12.55% | 39.25% | 17.22% | -33.42% | 55.62% | -645.7% | 24.5% | -16.1% | -323.89% | 90.36% | -96.53% | 16.65% | 280.9% | -81.59% | -480% | -53.7% | 19.98% | -3.98% | 135.17% |
| Operating Expenses | 64.98M | 20.43M | -49.43M | 90.23M | 26.37M | 27.65M | 30.11M | 27.41M | 34.29M | 30.75M | 34.91M | 33.18M | 29.77M | 27.69M | 27.48M | 23.82M | 20.91M | 41.95M | 14.19M | 11.69M |
| OpEx % of Revenue | 182.6% | 66.93% | -89.84% | 193.03% | 70.5% | 145.53% | 61.05% | 115.7% | 152.93% | 184.25% | 155.43% | 130.07% | 77.62% | 74.7% | 70.09% | 55.25% | 127.61% | 131.94% | 101.82% | 43.57% |
| Selling, General & Admin | 14.71M | 13.47M | 15.18M | 14.07M | 16.47M | 15.03M | 15.95M | 14.6M | 17.66M | 16.4M | 16.89M | 17.56M | 15.07M | 15.01M | 15.26M | 14.16M | 13.23M | 36.97M | 10.68M | 8.66M |
| SG&A % of Revenue | 41.33% | 44.12% | 27.59% | 30.09% | 44.03% | 79.12% | 32.33% | 61.61% | 78.77% | 98.26% | 75.2% | 68.84% | 39.29% | 40.48% | 38.94% | 32.85% | 80.77% | 116.26% | 76.67% | 32.3% |
| Research & Development | 7.71M | 6.96M | 5.46M | 7.65M | 9.9M | 11.08M | 11.61M | 12.82M | 16.63M | 14.35M | 18.02M | 15.62M | 14.7M | 12.68M | 12.21M | 9.66M | 7.67M | 4.98M | 3.5M | 3.02M |
| R&D % of Revenue | 21.66% | 22.81% | 9.92% | 16.36% | 26.46% | 58.33% | 23.53% | 54.09% | 74.16% | 85.99% | 80.23% | 61.23% | 38.32% | 34.21% | 31.15% | 22.41% | 46.83% | 15.68% | 25.15% | 11.27% |
| Other Operating Expenses | 1000K | 0 | -1000K | 1000K | 6K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 49K | 0 | 0 | 0 | 152K | 0 | 0 |
| Operating Income | -77.91M | -26.29M | 42.8M | -95.36M | -35.81M | -32.85M | -41.03M | -33.62M | -41.36M | -42.48M | -36.38M | -41.4M | -35.86M | -22.45M | -42.67M | -28M | -28.22M | -44.84M | -22.55M | -10.59M |
| Operating Margin % | -218.92% | -86.11% | 77.79% | -204.02% | -95.73% | -172.93% | -83.19% | -141.87% | -184.48% | -254.5% | -161.94% | -162.27% | -93.5% | -60.57% | -108.84% | -64.95% | -172.22% | -141.04% | -161.85% | -39.47% |
| Operating Income Growth % | -117.57% | 19.97% | 204.3% | -183.68% | 13.42% | 22.66% | -12.8% | 18.79% | -15.35% | -89.17% | 14.74% | -47.86% | -27.08% | 49.93% | -89.17% | -164.5% | -62.26% | -212% | -31.73% | 1.64% |
| EBITDA | -67.07M | -15.77M | 52.61M | -85.62M | -24.92M | -22.91M | -32.23M | -24.38M | -31.81M | -33.88M | -29.66M | -34.77M | -29.23M | -17.05M | -37.76M | -22.73M | -22.89M | -39.07M | -17.6M | -6.08M |
| EBITDA Margin % | -188.46% | -51.66% | 95.63% | -183.17% | -66.62% | -120.57% | -65.34% | -102.89% | -141.88% | -202.98% | -132.05% | -136.31% | -76.21% | -45.99% | -96.33% | -52.74% | -139.68% | -122.89% | -126.32% | -22.65% |
| EBITDA Growth % | -169.15% | 31.14% | 263.25% | -251.2% | 21.66% | 32.39% | -8.66% | 29.89% | -8.83% | -98.7% | 21.45% | -52.97% | -27.71% | 56.36% | -114.51% | -274.11% | -81.89% | -345.58% | -52.1% | -0.66% |
| D&A (Non-Cash Add-back) | 10.84M | 10.52M | 9.82M | 9.75M | 10.89M | 9.95M | 8.8M | 9.24M | 9.55M | 8.6M | 6.72M | 6.62M | 6.63M | 5.41M | 4.91M | 5.27M | 5.33M | 5.77M | 4.95M | 4.51M |
| EBIT | -77.68M | -23.29M | -26.65M | -89.31M | -35.12M | -29.78M | -37.05M | -32.57M | -35.38M | -42.06M | -27.14M | -21.69M | -32.41M | -19M | -40.05M | -26.86M | -28.42M | -44.69M | -22.45M | -10.44M |
| Net Interest Income | -371K | -231K | -719K | -404K | -723K | -219K | 472K | 714K | 1.11M | 1.73M | 2.41M | 2.05M | 2.19M | 1.9M | -1.64M | -690K | -1.62M | -1.42M | -1.7M | -1.55M |
| Interest Income | 2.49M | 2.53M | 1.96M | 2.14M | 1.82M | 2.39M | 2.99M | 3.27M | 3.39M | 4.07M | 4.73M | 3.97M | 3.69M | 3.41M | 0 | 932K | 84K | 10K | 0 | 0 |
| Interest Expense | 2.86M | 2.76M | 2.67M | 2.55M | 2.55M | 2.61M | 2.52M | 2.56M | 2.27M | 2.34M | 2.32M | 1.91M | 1.5M | 1.51M | 1.64M | 1.62M | 1.71M | 1.43M | 1.7M | 1.55M |
| Other Income/Expense | 234K | 239K | -72.12M | 3.51M | -1.85M | 465K | 1.46M | -1.5M | 3.71M | -1.92M | 6.92M | 17.79M | 1.95M | 1.95M | 982K | -486K | -1.91M | -1.28M | -1.6M | -1.41M |
| Pretax Income | -77.68M | -26.05M | -29.33M | -91.86M | -37.66M | -32.39M | -39.58M | -35.12M | -37.66M | -44.4M | -29.46M | -23.6M | -33.91M | -20.51M | -41.68M | -28.48M | -30.13M | -46.12M | -24.15M | -11.99M |
| Pretax Margin % | -218.27% | -85.33% | -53.31% | -196.51% | -100.69% | -170.48% | -80.24% | -148.22% | -167.96% | -266.01% | -131.15% | -92.52% | -88.42% | -55.32% | -106.33% | -66.08% | -183.87% | -145.05% | -173.32% | -44.71% |
| Income Tax | -50K | -2.39M | 13K | 40K | 84K | -3.26M | 23K | 2K | 0 | 0 | 0 | 0 | 3K | 578K | 325K | 494K | 0 | 0 | -1K | 7K |
| Effective Tax Rate % | 0.06% | 9.18% | -0.04% | -0.04% | -0.22% | 10.07% | -0.06% | -0.01% | 0% | 0% | 0% | 0% | -0.01% | -2.82% | -0.78% | -1.73% | 0% | 0% | 0% | -0.06% |
| Net Income | -77.63M | -23.66M | -29.87M | -91.66M | -38.05M | -29.13M | -41.42M | -32.66M | -32.14M | -19.79M | -30.36M | -24.28M | -34.3M | -18.62M | -42.47M | -29.41M | -30.22M | -40.62M | -24.18M | -12M |
| Net Margin % | -218.13% | -77.5% | -54.29% | -196.09% | -101.72% | -153.32% | -83.96% | -137.84% | -143.35% | -118.58% | -135.18% | -95.17% | -89.45% | -50.23% | -108.33% | -68.24% | -184.43% | -127.77% | -173.53% | -44.73% |
| Net Income Growth % | -104.02% | 18.77% | 27.88% | -180.64% | -18.39% | -47.15% | -36.4% | -34.52% | 6.31% | -6.29% | 28.5% | 17.46% | -13.52% | 54.16% | -75.62% | -145.18% | -59.73% | 11.61% | -28.24% | 21.75% |
| Net Income (Continuing) | -77.63M | -23.66M | -29.34M | -91.9M | -37.75M | -29.13M | -39.6M | -35.12M | -37.66M | -44.4M | -29.46M | -23.6M | -33.91M | -21.09M | -42.01M | -28.98M | -30.13M | -46.12M | -24.15M | -12M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 9.08M | 9.28M | 9.11M | 9.05M | 9.76M | 10.03M | 10.69M | 9.35M | 12.29M | 18.23M | 17.95M | 8.34M | 7.81M | 7.57M | 10.13M | 9.8M | 9.45M | 9.95M | 3.03M | 0 |
| EPS (Diluted) | -1.45 | -0.49 | -0.85 | -3.78 | -1.79 | -1.42 | -0.16 | -0.06 | -0.07 | -0.04 | -0.07 | -0.06 | -0.08 | -0.05 | -0.10 | -0.07 | -0.08 | -0.11 | -0.07 | -0.04 |
| EPS Growth % | 18.99% | 65.49% | -431.25% | -5724.35% | -2421.13% | -3142.01% | -137.39% | -11.13% | 14.97% | 15.77% | 32.6% | 21.93% | -2.96% | 52.73% | -51.75% | -110.11% | -38.16% | 26.67% | 10.34% | 49.36% |
| EPS (Basic) | -1.45 | -0.49 | -0.85 | -3.78 | -1.79 | -1.42 | -0.17 | -0.07 | -0.07 | -0.05 | -0.07 | -0.06 | -0.09 | -0.06 | -0.11 | -0.08 | -0.08 | -0.11 | -0.07 | -0.04 |
| Diluted Shares Outstanding | 54.22M | 48.21M | 36.16M | 24.44M | 21.74M | 20.5M | 261.84M | 503.18M | 452.98M | 451.64M | 450.57M | 415.87M | 406.32M | 405.8M | 405.4M | 387.47M | 372.62M | 366.73M | 366.67M | 337.29M |
| Basic Shares Outstanding | 54.22M | 48.21M | 36.16M | 24.44M | 21.74M | 20.5M | 243.54M | 466.57M | 441.99M | 395.87M | 436.32M | 402.6M | 381.15M | 372.44M | 389.76M | 367.68M | 363.01M | 359.65M | 340.83M | 299.93M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |