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

Fuelcell Energy's Cost of Revenue history runs 17 years deep, the most recent figure standing at $36.4 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 50.36% year-over-year to $36.4 million; the TTM figure through Jan 2026 stood at $196.8 million (up 36.79% YoY), while the FY2025 annual figure was $184.6 million, up 24.67% from the prior year.
• Cost of Revenue came in at $36.4 million for Q1 2026 at 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.
• A 5-year average of $39.0 million and a median of $34.7 million in 2022 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue sank 56.01% in 2023 and jumped 151.79% in 2024, its largest moves.
• Fuelcell Energy's Cost of Revenue stood at $54.4 million in 2022, then tumbled by 56.01% to $23.9 million in 2023, then surged by 151.79% to $60.2 million in 2024, then climbed by 2.33% to $61.6 million in 2025, then plunged by 40.97% to $36.4 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $36.4 million, $61.6 million, and $51.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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