KPIs & Operating Metrics(New)
Balance Sheet
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Ratios

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

Fuelcell Energy (FCEL) has disclosed Cost of Revenue for 17 consecutive years, with $36.4 million as the latest value for Q1 2026.

  • Quarterly Cost of Revenue rose 50.36% to $36.4 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $196.8 million through Jan 2026, up 36.79% year-over-year, with the annual reading at $184.6 million for FY2025, 24.67% up from the prior year.
  • Cost of Revenue hit $36.4 million in Q1 2026 for Fuelcell Energy, down from $61.6 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.
  • Historically, Cost of Revenue has averaged $39.0 million across 5 years, with a median of $34.7 million in 2022.
  • Biggest five-year swings in Cost of Revenue: crashed 56.01% in 2023 and later surged 151.79% in 2024.
  • Year by year, Cost of Revenue stood at $54.4 million in 2022, then plummeted by 56.01% to $23.9 million in 2023, then soared by 151.79% to $60.2 million in 2024, then grew by 2.33% to $61.6 million in 2025, then crashed by 40.97% to $36.4 million in 2026.
  • Business Quant data shows Cost of Revenue for FCEL at $36.4 million in Q1 2026, $61.6 million in Q4 2025, and $51.9 million in Q3 2025.