Fuelcell Energy annual r&d spending
2009
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2025
Fuelcell Energy R&D Spending Growth & History (FCEL)
Fuelcell Energy's r&d spending was $34.1M for fiscal 2025.
View full Fuelcell Energy company overviewFuelcell Energy annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-10-31 | $34.1M | −$21.3M | −38.49% |
| 2024 | 2024-10-31 | $55.4M | −$5.6M | −9.21% |
| 2023 | 2023-10-31 | $61.0M | $26.5M | +76.72% |
| 2022 | 2022-10-31 | $34.5M | $23.2M | +205.16% |
| 2021 | 2021-10-31 | $11.3M | $6.5M | +135.88% |
| 2020 | 2020-10-31 | $4.8M | −$9.0M | −65.20% |
| 2019 | 2019-10-31 | $13.8M | −$9.0M | −39.58% |
| 2018 | 2018-10-31 | $22.8M | $2.4M | +11.86% |
| 2017 | 2017-10-31 | $20.4M | −$448,000 | −2.15% |
| 2016 | 2016-10-31 | $20.8M | $3.4M | +19.52% |
| 2015 | 2015-10-31 | $17.4M | −$798,000 | −4.38% |
| 2014 | 2014-10-31 | $18.2M | $2.5M | +16.05% |
| 2013 | 2013-10-31 | $15.7M | $1.4M | +9.50% |
| 2012 | 2012-10-31 | $14.4M | −$2.4M | −14.40% |
| 2011 | 2011-10-31 | $16.8M | −$1.8M | −9.66% |
| 2010 | 2010-10-31 | $18.6M | −$598,000 | −3.12% |
| 2009 | 2009-10-31 | $19.2M | — | — |
Fuelcell Energy quarterly r&d spending
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Q3.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-07-31 | $8.5M | $863,000 | +11.29% |
| Q2 2026 | 2026-04-30 | $7.7M | −$2.2M | −22.10% |
| Q1 2026 | 2026-01-31 | $7.0M | −$4.1M | −37.16% |
| Q4 2025 | 2025-10-31 | $5.5M | −$6.2M | −53.00% |
| Q3 2025 | 2025-07-31 | $7.6M | −$5.2M | −40.34% |
| Q2 2025 | 2025-04-30 | $9.9M | −$6.7M | −40.48% |
| Q1 2025 | 2025-01-31 | $11.1M | −$3.3M | −22.80% |
| Q4 2024 | 2024-10-31 | $11.6M | −$6.4M | −35.59% |
| Q3 2024 | 2024-07-31 | $12.8M | −$2.8M | −17.95% |
| Q2 2024 | 2024-04-30 | $16.6M | $1.9M | +13.13% |
| Q1 2024 | 2024-01-31 | $14.4M | $1.7M | +13.17% |
| Q4 2023 | 2023-10-31 | $18.0M | $5.8M | +47.56% |
| Q3 2023 | 2023-07-31 | $15.6M | $6.0M | +61.71% |
| Q2 2023 | 2023-04-30 | $14.7M | $7.0M | +91.54% |
| Q1 2023 | 2023-01-31 | $12.7M | $7.7M | +154.47% |
| Q4 2022 | 2022-10-31 | $12.2M | $8.7M | +248.45% |
| Q3 2022 | 2022-07-31 | $9.7M | $6.6M | +219.52% |
| Q2 2022 | 2022-04-30 | $7.7M | $4.7M | +158.87% |
| Q1 2022 | 2022-01-31 | $5.0M | $3.2M | +173.40% |
| Q4 2021 | 2021-10-31 | $3.5M | $2.0M | +137.79% |
| Q3 2021 | 2021-07-31 | $3.0M | $2.0M | +194.35% |
| Q2 2021 | 2021-04-30 | $3.0M | $1.8M | +159.77% |
| Q1 2021 | 2021-01-31 | $1.8M | $668,000 | +57.84% |
| Q4 2020 | 2020-10-31 | $1.5M | $123,000 | +9.10% |
| Q3 2020 | 2020-07-31 | $1.0M | −$950,000 | −48.05% |
| Q2 2020 | 2020-04-30 | $1.1M | −$3.0M | −72.69% |
| Q1 2020 | 2020-01-31 | $1.2M | −$5.1M | −81.61% |
| Q4 2019 | 2019-10-31 | $1.4M | −$6.1M | −81.82% |
| Q3 2019 | 2019-07-31 | $2.0M | −$4.3M | −68.71% |
| Q2 2019 | 2019-04-30 | $4.2M | −$843,000 | −16.79% |
| Q1 2019 | 2019-01-31 | $6.3M | $2.2M | +55.22% |
| Q4 2018 | 2018-10-31 | $7.4M | $3.2M | +75.86% |
| Q3 2018 | 2018-07-31 | $6.3M | $924,000 | +17.13% |
| Q2 2018 | 2018-04-30 | $5.0M | −$365,000 | −6.78% |
| Q1 2018 | 2018-01-31 | $4.0M | −$1.3M | −24.96% |
| Q4 2017 | 2017-10-31 | $4.2M | −$900,000 | −17.56% |
| Q3 2017 | 2017-07-31 | $5.4M | $95,000 | +1.79% |
| Q2 2017 | 2017-04-30 | $5.4M | $276,000 | +5.40% |
| Q1 2017 | 2017-01-31 | $5.4M | $81,000 | +1.53% |
| Q4 2016 | 2016-10-31 | $5.1M | $340,000 | +7.10% |
| Q3 2016 | 2016-07-31 | $5.3M | $702,000 | +15.27% |
| Q2 2016 | 2016-04-30 | $5.1M | $555,000 | +12.18% |
| Q1 2016 | 2016-01-31 | $5.3M | $1.8M | +51.57% |
| Q4 2015 | 2015-10-31 | $4.8M | $491,000 | +11.43% |
| Q3 2015 | 2015-07-31 | $4.6M | $205,000 | +4.67% |
| Q2 2015 | 2015-04-30 | $4.6M | −$83,000 | −1.79% |
| Q1 2015 | 2015-01-31 | $3.5M | −$1.4M | −28.71% |
| Q4 2014 | 2014-10-31 | $4.3M | −$107,000 | −2.43% |
| Q3 2014 | 2014-07-31 | $4.4M | $479,000 | +12.24% |
| Q2 2014 | 2014-04-30 | $4.6M | $563,000 | +13.82% |
| Q1 2014 | 2014-01-31 | $4.9M | $1.6M | +47.73% |
| Q4 2013 | 2013-10-31 | $4.4M | $980,000 | +28.64% |
| Q3 2013 | 2013-07-31 | $3.9M | $720,000 | +22.55% |
| Q2 2013 | 2013-04-30 | $4.1M | $119,000 | +3.01% |
| Q1 2013 | 2013-01-31 | $3.3M | −$456,000 | −12.05% |
| Q4 2012 | 2012-10-31 | $3.4M | −$684,000 | −16.66% |
| Q3 2012 | 2012-07-31 | $3.2M | −$725,000 | −18.50% |
| Q2 2012 | 2012-04-30 | $4.0M | −$542,000 | −12.05% |
| Q1 2012 | 2012-01-31 | $3.8M | −$463,000 | −10.90% |
| Q4 2011 | 2011-10-31 | $4.1M | — | — |
| Q3 2011 | 2011-07-31 | $3.9M | −$700,000 | −15.16% |
| Q2 2011 | 2011-04-30 | $4.5M | — | — |
| Q1 2011 | 2011-01-31 | $4.2M | — | — |
| Q3 2010 | 2010-07-31 | $4.6M | — | — |
Fuelcell Energy r&d spending trends
Over the last five fiscal years, Fuelcell Energy's r&d spending increased from $4.8M to $34.1M, a change of $29.3M. The latest reported quarter, Q3 2026, shows $8.5M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Fuelcell Energy source filings ↗