Fuelcell Energy (FCEL) Research & Development (2016 - 2026)
Fuelcell Energy (FCEL) has disclosed Research & Development for 17 consecutive years, with $7.0 million as the latest value for Q1 2026.
- Quarterly Research & Development fell 37.16% to $7.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $30.0 million through Jan 2026, down 42.53% year-over-year, with the annual reading at $34.1 million for FY2025, 38.49% down from the prior year.
- Research & Development hit $7.0 million in Q1 2026 for Fuelcell Energy, up from $5.5 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $18.0 million in Q4 2023 to a low of $5.0 million in Q1 2022.
- Historically, Research & Development has averaged $11.3 million across 5 years, with a median of $11.6 million in 2024.
- Biggest five-year swings in Research & Development: surged 248.45% in 2022 and later tumbled 53.0% in 2025.
- Year by year, Research & Development stood at $12.2 million in 2022, then surged by 47.56% to $18.0 million in 2023, then crashed by 35.59% to $11.6 million in 2024, then crashed by 53.0% to $5.5 million in 2025, then grew by 27.62% to $7.0 million in 2026.
- Business Quant data shows Research & Development for FCEL at $7.0 million in Q1 2026, $5.5 million in Q4 2025, and $7.6 million in Q3 2025.