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| Date | Value |
|---|---|
| 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 |