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Fuelcell Energy (FCEL) Cost of Revenue (2016 - 2026)

Fuelcell Energy's Cost of Revenue history spans 17 years, with the latest figure at $36.4 million for Q1 2026.

  • For Q1 2026, Cost of Revenue rose 50.36% year-over-year to $36.4 million; the TTM value through Jan 2026 reached $196.8 million, up 36.79%, while the annual FY2025 figure was $184.6 million, 24.67% up from the prior year.
  • Cost of Revenue for Q1 2026 was $36.4 million at Fuelcell Energy, down from $61.6 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $61.6 million in Q4 2025 and bottomed at $23.7 million in Q2 2022.
  • The 5-year median for Cost of Revenue is $34.7 million (2022), against an average of $39.0 million.
  • The largest annual shift saw Cost of Revenue tumbled 56.01% in 2023 before it skyrocketed 151.79% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $54.4 million in 2022, then crashed by 56.01% to $23.9 million in 2023, then surged by 151.79% to $60.2 million in 2024, then rose by 2.33% to $61.6 million in 2025, then tumbled by 40.97% to $36.4 million in 2026.
  • Per Business Quant, the three most recent readings for FCEL's Cost of Revenue are $36.4 million (Q1 2026), $61.6 million (Q4 2025), and $51.9 million (Q3 2025).