Fuelcell Energy (FCEL) Operating Expenses (2010 - 2026)

Fuelcell Energy (FCEL) has 17 years of Operating Expenses data on file, last reported at $65.0 million in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 146.41% year-over-year to $65.0 million; the trailing twelve-month figure through Apr 2026 stood at $197.3 million (up 76.91% YoY), and the FY2025 full-year result was $165.9 million, up 35.38% from the prior year.
• Operating Expenses grew to $65.0 million in Q2 2026, from $20.4 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.
• A 5-year average of $34.1 million and a median of $28.7 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses soared 290.04% in 2022 and tumbled 33.99% in 2023, its largest moves.
• Tracing FCEL's Operating Expenses over 5 years: stood at $27.5 million in 2022, then grew by 27.06% to $34.9 million in 2023, then declined by 13.74% to $30.1 million in 2024, then dropped by 27.97% to $21.7 million in 2025, then soared by 199.59% to $65.0 million in 2026.
• Business Quant data shows FCEL's Operating Expenses at $65.0 million in Q2 2026, $20.4 million in Q1 2026, and $21.7 million in Q4 2025.