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

Fuelcell Energy's Operating Expenses history runs 17 years deep, the most recent figure standing at $20.4 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 26.09% year-over-year to $20.4 million; the TTM figure through Jan 2026 stood at $158.7 million (up 32.87% YoY), while the FY2025 annual figure was $165.9 million, up 35.38% from the prior year.
• Operating Expenses came in at $20.4 million for Q1 2026 at 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.
• A 5-year average of $32.3 million and a median of $27.7 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses jumped 290.04% in 2022 and plunged 33.99% in 2023, its largest moves.
• Fuelcell Energy's Operating Expenses stood at $27.5 million in 2022, then rose by 27.06% to $34.9 million in 2023, then retreated by 13.74% to $30.1 million in 2024, then fell by 27.97% to $21.7 million in 2025, then retreated by 5.8% to $20.4 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $20.4 million, $21.7 million, and $90.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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