Fuelcell Energy annual operating expenses
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Fuelcell Energy Operating Expenses Growth & History (FCEL)
Fuelcell Energy's operating expenses was $165.9M for fiscal 2025.
View full Fuelcell Energy company overviewFuelcell Energy annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-10-31 | $165.9M | $43.4M | +35.38% |
| 2024 | 2024-10-31 | $122.6M | −$3.0M | −2.37% |
| 2023 | 2023-10-31 | $125.5M | $11.4M | +9.99% |
| 2022 | 2022-10-31 | $114.1M | $64.9M | +131.71% |
| 2021 | 2021-10-31 | $49.3M | $17.8M | +56.68% |
| 2020 | 2020-10-31 | $31.4M | −$14.2M | −31.14% |
| 2019 | 2019-10-31 | $45.7M | −$2.1M | −4.33% |
| 2018 | 2018-10-31 | $47.7M | $56,000 | +0.12% |
| 2017 | 2017-10-31 | $47.7M | $1.7M | +3.64% |
| 2016 | 2016-10-31 | $46.0M | $4.3M | +10.39% |
| 2015 | 2015-10-31 | $41.7M | $631,000 | +1.54% |
| 2014 | 2014-10-31 | $41.0M | $4.1M | +11.11% |
| 2013 | 2013-10-31 | $36.9M | $4.4M | +13.39% |
| 2012 | 2012-10-31 | $32.6M | −$493,000 | −1.49% |
| 2011 | 2011-10-31 | $33.1M | −$2.6M | −7.41% |
| 2010 | 2010-10-31 | $35.7M | −$642,000 | −1.77% |
| 2009 | 2009-10-31 | $36.4M | — | — |
Fuelcell Energy quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-07-31 | $22.2M | −$68.1M | −75.44% |
| Q2 2026 | 2026-04-30 | $65.0M | $38.6M | +146.41% |
| Q1 2026 | 2026-01-31 | $20.4M | −$7.2M | −26.09% |
| Q4 2025 | 2025-10-31 | $21.7M | −$8.4M | −27.97% |
| Q3 2025 | 2025-07-31 | $90.2M | $62.8M | +229.13% |
| Q2 2025 | 2025-04-30 | $26.4M | −$7.9M | −23.08% |
| Q1 2025 | 2025-01-31 | $27.6M | −$3.1M | −10.10% |
| Q4 2024 | 2024-10-31 | $30.1M | −$4.8M | −13.74% |
| Q3 2024 | 2024-07-31 | $27.4M | −$5.8M | −17.37% |
| Q2 2024 | 2024-04-30 | $34.3M | $4.5M | +15.19% |
| Q1 2024 | 2024-01-31 | $30.8M | $3.1M | +11.05% |
| Q4 2023 | 2023-10-31 | $34.9M | $7.4M | +27.06% |
| Q3 2023 | 2023-07-31 | $33.2M | $9.4M | +39.31% |
| Q2 2023 | 2023-04-30 | $29.8M | $8.9M | +42.37% |
| Q1 2023 | 2023-01-31 | $27.7M | −$14.3M | −33.99% |
| Q4 2022 | 2022-10-31 | $27.5M | $13.3M | +93.64% |
| Q3 2022 | 2022-07-31 | $23.8M | $12.1M | +103.83% |
| Q2 2022 | 2022-04-30 | $20.9M | $8.3M | +65.48% |
| Q1 2022 | 2022-01-31 | $41.9M | $31.2M | +290.04% |
| Q4 2021 | 2021-10-31 | $14.2M | $5.1M | +56.32% |
| Q3 2021 | 2021-07-31 | $11.7M | $4.1M | +53.07% |
| Q2 2021 | 2021-04-30 | $12.6M | $4.3M | +52.05% |
| Q1 2021 | 2021-01-31 | $10.8M | $4.3M | +67.50% |
| Q4 2020 | 2020-10-31 | $9.1M | −$526,000 | −5.48% |
| Q3 2020 | 2020-07-31 | $7.6M | −$1.4M | −15.51% |
| Q2 2020 | 2020-04-30 | $8.3M | −$5.7M | −40.58% |
| Q1 2020 | 2020-01-31 | $6.4M | −$6.6M | −50.76% |
| Q4 2019 | 2019-10-31 | $9.6M | −$3.4M | −26.20% |
| Q3 2019 | 2019-07-31 | $9.0M | −$3.4M | −27.24% |
| Q2 2019 | 2019-04-30 | $14.0M | $1.9M | +15.50% |
| Q1 2019 | 2019-01-31 | $13.0M | $2.9M | +27.98% |
| Q4 2018 | 2018-10-31 | $13.0M | $1.7M | +14.70% |
| Q3 2018 | 2018-07-31 | $12.4M | $714,000 | +6.10% |
| Q2 2018 | 2018-04-30 | $12.1M | $227,000 | +1.91% |
| Q1 2018 | 2018-01-31 | $10.2M | −$2.6M | −20.04% |
| Q4 2017 | 2017-10-31 | $11.3M | $8,000 | +0.07% |
| Q3 2017 | 2017-07-31 | $11.7M | $947,000 | +8.80% |
| Q2 2017 | 2017-04-30 | $11.9M | −$672,000 | −5.35% |
| Q1 2017 | 2017-01-31 | $12.7M | $1.4M | +12.25% |
| Q4 2016 | 2016-10-31 | $11.3M | $327,000 | +2.97% |
| Q3 2016 | 2016-07-31 | $10.8M | $59,000 | +0.55% |
| Q2 2016 | 2016-04-30 | $12.6M | $1.7M | +16.04% |
| Q1 2016 | 2016-01-31 | $11.4M | $2.2M | +24.14% |
| Q4 2015 | 2015-10-31 | $11.0M | $87,000 | +0.80% |
| Q3 2015 | 2015-07-31 | $10.7M | $737,000 | +7.40% |
| Q2 2015 | 2015-04-30 | $10.8M | $432,000 | +4.16% |
| Q1 2015 | 2015-01-31 | $9.1M | −$625,000 | −6.40% |
| Q4 2014 | 2014-10-31 | $10.9M | $1.4M | +14.39% |
| Q3 2014 | 2014-07-31 | $10.0M | $845,000 | +9.27% |
| Q2 2014 | 2014-04-30 | $10.4M | $873,000 | +9.18% |
| Q1 2014 | 2014-01-31 | $9.8M | $1.0M | +11.53% |
| Q4 2013 | 2013-10-31 | $9.5M | $253,000 | +2.72% |
| Q3 2013 | 2013-07-31 | $9.1M | $1.3M | +17.28% |
| Q2 2013 | 2013-04-30 | $9.5M | $1.6M | +19.51% |
| Q1 2013 | 2013-01-31 | $8.8M | $1.2M | +16.06% |
| Q4 2012 | 2012-10-31 | $9.3M | $973,000 | +11.69% |
| Q3 2012 | 2012-07-31 | $7.8M | −$30.7M | −79.82% |
| Q2 2012 | 2012-04-30 | $8.0M | −$994,000 | −11.10% |
| Q1 2012 | 2012-01-31 | $7.5M | −$749,000 | −9.03% |
| Q4 2011 | 2011-10-31 | $8.3M | — | — |
| Q3 2011 | 2011-07-31 | $38.5M | $7.1M | +22.55% |
| Q2 2011 | 2011-04-30 | $9.0M | — | — |
| Q1 2011 | 2011-01-31 | $8.3M | — | — |
| Q3 2010 | 2010-07-31 | $31.4M | — | — |
Fuelcell Energy operating expenses trends
Over the last five fiscal years, Fuelcell Energy's operating expenses increased from $31.4M to $165.9M, a change of $134.5M. The latest reported quarter, Q3 2026, shows $22.2M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Fuelcell Energy source filings ↗