Fuelcell Energy (FCEL) Research & Development (2010 - 2026)

Fuelcell Energy's Research & Development history runs 17 years deep, the most recent figure standing at $7.7 million for Q2 2026.

• On a quarterly basis, Research & Development fell 22.1% year-over-year to $7.7 million in Q2 2026; TTM through Apr 2026 was $27.8 million, a 38.83% decrease from a year earlier, with the FY2025 full-year figure at $34.1 million, down 38.49% from the prior year.
• Research & Development was $7.7 million for Q2 2026 at Fuelcell Energy, up from $7.0 million in the prior quarter.
• Over the last five years, Research & Development for FCEL reached as high as $18.0 million in Q4 2023 and fell as low as $5.0 million in Q1 2022.
• A 5-year average of $11.1 million and a median of $11.3 million in 2024 frame the typical range for Research & Development.
• The widest annual swing landed in 2022, when Research & Development surged 248.45%; it then sank 53.0% in 2025.
• Tracing FCEL's Research & Development over 5 years: stood at $12.2 million in 2022, then jumped by 47.56% to $18.0 million in 2023, then sank by 35.59% to $11.6 million in 2024, then sank by 53.0% to $5.5 million in 2025, then surged by 41.29% to $7.7 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $7.7 million, $7.0 million, and $5.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.