Fuelcell Energy annual revenue
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Fuelcell Energy Revenue Growth & History (FCEL)
Fuelcell Energy reported $158.2M in revenue for fiscal 2025, an increase of 41.05% from the previous fiscal year.
View full Fuelcell Energy company overviewFuelcell Energy annual revenue and growth
| Fiscal year | Period ended | Revenue | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-10-31 | $158.2M | $46.0M | +41.05% |
| 2024 | 2024-10-31 | $112.1M | −$11.3M | −9.13% |
| 2023 | 2023-10-31 | $123.4M | −$7.1M | −5.43% |
| 2022 | 2022-10-31 | $130.5M | $60.9M | +87.52% |
| 2021 | 2021-10-31 | $69.6M | −$1.3M | −1.81% |
| 2020 | 2020-10-31 | $70.9M | $10.1M | +16.66% |
| 2019 | 2019-10-31 | $60.8M | −$28.7M | −32.07% |
| 2018 | 2018-10-31 | $89.4M | −$6.2M | −6.51% |
| 2017 | 2017-10-31 | $95.7M | −$12.6M | −11.63% |
| 2016 | 2016-10-31 | $108.3M | −$54.8M | −33.62% |
| 2015 | 2015-10-31 | $163.1M | −$17.2M | −9.55% |
| 2014 | 2014-10-31 | $180.3M | −$7.4M | −3.92% |
| 2013 | 2013-10-31 | $187.7M | $67.1M | +55.60% |
| 2012 | 2012-10-31 | $120.6M | −$2.0M | −1.60% |
| 2011 | 2011-10-31 | $122.6M | $52.8M | +75.66% |
| 2010 | 2010-10-31 | $69.8M | −$18.2M | −20.72% |
| 2009 | 2009-10-31 | $88.0M | — | — |
Fuelcell Energy quarterly revenue
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| Fiscal quarter | Period ended | Revenue | Change | YoY growth |
|---|---|---|---|---|
| Q3 2026 | 2026-07-31 | $33.0M | −$13.7M | −29.40% |
| Q2 2026 | 2026-04-30 | $35.6M | −$1.8M | −4.86% |
| Q1 2026 | 2026-01-31 | $30.5M | $11.5M | +60.71% |
| Q4 2025 | 2025-10-31 | $55.0M | $5.7M | +11.54% |
| Q3 2025 | 2025-07-31 | $46.7M | $23.0M | +97.27% |
| Q2 2025 | 2025-04-30 | $37.4M | $15.0M | +66.84% |
| Q1 2025 | 2025-01-31 | $19.0M | $2.3M | +13.82% |
| Q4 2024 | 2024-10-31 | $49.3M | $26.9M | +119.60% |
| Q3 2024 | 2024-07-31 | $23.7M | −$1.8M | −7.11% |
| Q2 2024 | 2024-04-30 | $22.4M | −$15.9M | −41.54% |
| Q1 2024 | 2024-01-31 | $16.7M | −$20.4M | −54.98% |
| Q4 2023 | 2023-10-31 | $22.5M | −$16.7M | −42.70% |
| Q3 2023 | 2023-07-31 | $25.5M | −$17.6M | −40.82% |
| Q2 2023 | 2023-04-30 | $38.3M | $22.0M | +134.06% |
| Q1 2023 | 2023-01-31 | $37.1M | $5.3M | +16.60% |
| Q4 2022 | 2022-10-31 | $39.2M | $25.3M | +181.31% |
| Q3 2022 | 2022-07-31 | $43.1M | $16.3M | +60.72% |
| Q2 2022 | 2022-04-30 | $16.4M | $2.4M | +17.42% |
| Q1 2022 | 2022-01-31 | $31.8M | $16.9M | +113.72% |
| Q4 2021 | 2021-10-31 | $13.9M | −$3.1M | −18.02% |
| Q3 2021 | 2021-07-31 | $26.8M | $8.1M | +43.21% |
| Q2 2021 | 2021-04-30 | $14.0M | −$4.9M | −26.10% |
| Q1 2021 | 2021-01-31 | $14.9M | −$1.4M | −8.53% |
| Q4 2020 | 2020-10-31 | $17.0M | $6.0M | +53.96% |
| Q3 2020 | 2020-07-31 | $18.7M | −$4.0M | −17.54% |
| Q2 2020 | 2020-04-30 | $18.9M | $9.7M | +104.86% |
| Q1 2020 | 2020-01-31 | $16.3M | −$1.5M | −8.54% |
| Q4 2019 | 2019-10-31 | $11.0M | −$6.8M | −38.26% |
| Q3 2019 | 2019-07-31 | $22.7M | $10.6M | +87.55% |
| Q2 2019 | 2019-04-30 | $9.2M | −$11.6M | −55.76% |
| Q1 2019 | 2019-01-31 | $17.8M | −$20.8M | −53.95% |
| Q4 2018 | 2018-10-31 | $17.9M | −$30.0M | −62.66% |
| Q3 2018 | 2018-07-31 | $12.1M | $1.8M | +16.91% |
| Q2 2018 | 2018-04-30 | $20.8M | $413,000 | +2.02% |
| Q1 2018 | 2018-01-31 | $38.6M | $21.6M | +127.11% |
| Q4 2017 | 2017-10-31 | $47.9M | $23.4M | +95.68% |
| Q3 2017 | 2017-07-31 | $10.4M | −$11.4M | −52.30% |
| Q2 2017 | 2017-04-30 | $20.4M | −$8.2M | −28.56% |
| Q1 2017 | 2017-01-31 | $17.0M | −$16.5M | −49.22% |
| Q4 2016 | 2016-10-31 | $24.5M | −$27.0M | −52.43% |
| Q3 2016 | 2016-07-31 | $21.7M | −$19.6M | −47.49% |
| Q2 2016 | 2016-04-30 | $28.6M | −$19,000 | −0.07% |
| Q1 2016 | 2016-01-31 | $33.5M | −$8.2M | −19.65% |
| Q4 2015 | 2015-10-31 | $51.5M | −$3.0M | −5.44% |
| Q3 2015 | 2015-07-31 | $41.4M | −$1.8M | −4.22% |
| Q2 2015 | 2015-04-30 | $28.6M | −$9.7M | −25.28% |
| Q1 2015 | 2015-01-31 | $41.7M | −$2.8M | −6.22% |
| Q4 2014 | 2014-10-31 | $54.4M | −$748,000 | −1.36% |
| Q3 2014 | 2014-07-31 | $43.2M | −$10.5M | −19.61% |
| Q2 2014 | 2014-04-30 | $38.3M | −$4.2M | −9.81% |
| Q1 2014 | 2014-01-31 | $44.4M | $8.1M | +22.21% |
| Q4 2013 | 2013-10-31 | $55.2M | $19.7M | +55.72% |
| Q3 2013 | 2013-07-31 | $53.7M | $24.0M | +80.87% |
| Q2 2013 | 2013-04-30 | $42.4M | $18.3M | +75.70% |
| Q1 2013 | 2013-01-31 | $36.4M | $5.0M | +16.02% |
| Q4 2012 | 2012-10-31 | $35.4M | $697,000 | +2.01% |
| Q3 2012 | 2012-07-31 | $29.7M | −$1.5M | −4.71% |
| Q2 2012 | 2012-04-30 | $24.2M | −$4.5M | −15.57% |
| Q1 2012 | 2012-01-31 | $31.3M | $3.3M | +11.60% |
| Q4 2011 | 2011-10-31 | $34.7M | — | — |
| Q3 2011 | 2011-07-31 | $31.2M | $12.3M | +65.10% |
| Q2 2011 | 2011-04-30 | $28.6M | — | — |
| Q1 2011 | 2011-01-31 | $28.1M | — | — |
| Q3 2010 | 2010-07-31 | $18.9M | — | — |
Fuelcell Energy revenue growth trends
Over the last five reported fiscal years, revenue grew from $70.9M to $158.2M, a compound annual growth rate of 17.42%. Fuelcell Energy's latest reported quarter, Q3 2026, generated $33.0M in revenue, a decrease of 29.40% year over year.
About the data
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Revenue is the top-line amount a company reports from selling goods and services before expenses are deducted. Fiscal periods can differ from calendar years, so each table includes the exact period end date.
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