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Fuelcell Energy (FCEL) Operating Expenses (2016 - 2026)

Fuelcell Energy (FCEL) has disclosed Operating Expenses for 17 consecutive years, with $20.4 million as the latest value for Q1 2026.

  • Quarterly Operating Expenses fell 26.09% to $20.4 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $158.7 million through Jan 2026, up 32.87% year-over-year, with the annual reading at $165.9 million for FY2025, 35.38% up from the prior year.
  • Operating Expenses hit $20.4 million in Q1 2026 for Fuelcell Energy, down from $21.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $90.2 million in Q3 2025 to a low of $20.4 million in Q1 2026.
  • Historically, Operating Expenses has averaged $32.3 million across 5 years, with a median of $27.7 million in 2023.
  • Biggest five-year swings in Operating Expenses: surged 290.04% in 2022 and later tumbled 33.99% in 2023.
  • Year by year, Operating Expenses stood at $27.5 million in 2022, then grew by 27.06% to $34.9 million in 2023, then decreased by 13.74% to $30.1 million in 2024, then dropped by 27.97% to $21.7 million in 2025, then decreased by 5.8% to $20.4 million in 2026.
  • Business Quant data shows Operating Expenses for FCEL at $20.4 million in Q1 2026, $21.7 million in Q4 2025, and $90.2 million in Q3 2025.