Fuelcell Energy (FCEL) Cost of Revenue (2010 - 2026)

Fuelcell Energy (FCEL) reported Cost of Revenue of $48.5 million for Q2 2026, up 3.57% on a YoY basis from $46.8 million in Q2 2025, and up 33.34% sequentially from $36.4 million in Q1 2026.

Fuelcell Energy (FCEL) Cost of Revenue (2010 - 2026) Analysis & Trends

Fuelcell Energy (FCEL) has 17 years of Cost of Revenue data on file, last reported at $48.5 million in Q2 2026.

  • For the quarter ending Q2 2026, Cost of Revenue rose 3.57% year-over-year to $48.5 million; the trailing twelve-month figure through Apr 2026 stood at $198.4 million (up 23.11% YoY), and the FY2025 full-year result was $184.6 million, up 24.67% from the prior year.
  • Cost of Revenue improved to $48.5 million in Q2 2026, from $36.4 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $61.6 million in Q4 2025 to a low of $23.7 million in Q2 2022.
  • A 5-year average of $39.5 million and a median of $35.5 million in 2022 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue plunged 56.01% in 2023 and soared 151.79% in 2024, its largest moves.
  • Tracing FCEL's Cost of Revenue over 5 years: stood at $54.4 million in 2022, then sank by 56.01% to $23.9 million in 2023, then soared by 151.79% to $60.2 million in 2024, then gained by 2.33% to $61.6 million in 2025, then declined by 21.3% to $48.5 million in 2026.
  • Business Quant data shows FCEL's Cost of Revenue at $48.5 million in Q2 2026, $36.4 million in Q1 2026, and $61.6 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Electrovaya 413.55 Bn 413.53 Bn 6.04 Mn 12.01 Mn
2 Vertiv Holdings 109.26 Bn 106.76 Bn 999.70 Mn 1.65 Bn
3 Bloom Energy 53.01 Bn 50.51 Bn 225.54 Mn 525.51 Mn
4 Hubbell 26.33 Bn 25.81 Bn 505.30 Mn 1.01 Bn
5 nVent Electric 24.09 Bn 23.90 Bn 445.60 Mn 796.40 Mn
6 Advanced Energy Industries 10.99 Bn 10.29 Bn 200.90 Mn 310.10 Mn
7 Acuity Inc. (De) 10.14 Bn 9.72 Bn 606.40 Mn 591.60 Mn
8 Powell Industries 8.00 Bn 7.45 Bn 87.94 Mn 208.68 Mn
9 EnerSys 7.11 Bn 6.67 Bn 290.87 Mn 83.14 Mn
10 Fuelcell Energy 1.16 Bn 787.47 Mn -12.93 Mn 48.52 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 48.52 Mn
Apr 30, 2026 48.52 Mn
Jan 31, 2026 36.39 Mn
Jan 31, 2026 36.39 Mn
Oct 31, 2025 61.65 Mn
Oct 31, 2025 61.65 Mn
Jul 31, 2025 51.88 Mn
Jul 31, 2025 51.88 Mn
Apr 30, 2025 46.84 Mn
Apr 30, 2025 46.84 Mn
Jan 31, 2025 24.20 Mn
Jan 31, 2025 24.20 Mn
Oct 31, 2024 60.24 Mn
Oct 31, 2024 60.24 Mn
Jul 31, 2024 29.90 Mn
Jul 31, 2024 29.90 Mn
Apr 30, 2024 29.49 Mn
Apr 30, 2024 29.49 Mn
Jan 31, 2024 28.42 Mn
Jan 31, 2024 28.42 Mn