Growth Metrics

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

Fuelcell Energy's Operating Expenses history spans 16 years, with the latest figure at $20.4 million for Q1 2026.

  • For Q1 2026, Operating Expenses fell 26.09% year-over-year to $20.4 million; the TTM value through Jan 2026 reached $158.7 million, up 32.87%, while the annual FY2025 figure was $165.9 million, 35.38% up from the prior year.
  • Operating Expenses for Q1 2026 was $20.4 million at Fuelcell Energy, down from $21.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $90.2 million in Q3 2025 and bottomed at $20.4 million in Q1 2026.
  • The 5-year median for Operating Expenses is $27.7 million (2023), against an average of $32.3 million.
  • The largest annual shift saw Operating Expenses skyrocketed 290.04% in 2022 before it plummeted 33.99% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $27.5 million in 2022, then rose by 27.06% to $34.9 million in 2023, then dropped by 13.74% to $30.1 million in 2024, then fell by 27.97% to $21.7 million in 2025, then dropped by 5.8% to $20.4 million in 2026.
  • Per Business Quant, the three most recent readings for FCEL's Operating Expenses are $20.4 million (Q1 2026), $21.7 million (Q4 2025), and $90.2 million (Q3 2025).