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

Fuelcell Energy (FCEL) has 17 years of Research & Development data on file, last reported at $7.7 million in Q2 2026.

• For the quarter ending Q2 2026, Research & Development fell 22.1% year-over-year to $7.7 million; the trailing twelve-month figure through Apr 2026 stood at $27.8 million (down 38.83% YoY), and the FY2025 full-year result was $34.1 million, down 38.49% from the prior year.
• Research & Development rose to $7.7 million in Q2 2026, from $7.0 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.
• A 5-year average of $11.1 million and a median of $11.3 million in 2024 frame the typical range for Research & Development.
• Across the five-year window, Research & Development soared 248.45% in 2022 and plunged 53.0% in 2025, its largest moves.
• Tracing FCEL's Research & Development over 5 years: stood at $12.2 million in 2022, then surged 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 soared by 41.29% to $7.7 million in 2026.
• Business Quant data shows FCEL's Research & Development at $7.7 million in Q2 2026, $7.0 million in Q1 2026, and $5.5 million in Q4 2025.