Growth Metrics

Fuelcell Energy (FCEL) EBITDA (2016 - 2026)

Fuelcell Energy's EBITDA history spans 17 years, with the latest figure at -$26.1 million for Q1 2026.

  • For Q1 2026, EBITDA rose 19.91% year-over-year to -$26.1 million; the TTM value through Jan 2026 reached -$181.5 million, down 30.83%, while the annual FY2025 figure was -$188.0 million, 49.35% down from the prior year.
  • EBITDA for Q1 2026 was -$26.1 million at Fuelcell Energy, down from -$25.9 million in the prior quarter.
  • Across five years, EBITDA topped out at -$19.8 million in Q1 2024 and bottomed at -$92.0 million in Q3 2025.
  • The 5-year median for EBITDA is -$32.5 million (2024), against an average of -$35.8 million.
  • The largest annual shift saw EBITDA plummeted 212.0% in 2022 before it surged 49.93% in 2023.
  • A 5-year view of EBITDA shows it stood at -$47.6 million in 2022, then grew by 23.55% to -$36.4 million in 2023, then decreased by 13.81% to -$41.4 million in 2024, then surged by 37.39% to -$25.9 million in 2025, then dropped by 0.78% to -$26.1 million in 2026.
  • Per Business Quant, the three most recent readings for FCEL's EBITDA are -$26.1 million (Q1 2026), -$25.9 million (Q4 2025), and -$92.0 million (Q3 2025).