Fuelcell Energy (FCEL) Revenue (2010 - 2026)

Fuelcell Energy's (FCEL) quarterly Revenue came in at $35.6 million in Q2 2026, down 4.86% YoY from $37.4 million in Q2 2025, and up 16.57% on a QoQ basis from $30.5 million in Q1 2026.

Fuelcell Energy (FCEL) Revenue (2010 - 2026) Analysis & Trends

Fuelcell Energy's Revenue history runs 17 years deep, the most recent figure standing at $35.6 million for Q2 2026.

  • On a quarterly basis, Revenue fell 4.86% year-over-year to $35.6 million in Q2 2026; TTM through Apr 2026 was $167.9 million, a 29.71% increase from a year earlier, with the FY2025 full-year figure at $158.2 million, up 41.05% from the prior year.
  • Revenue was $35.6 million for Q2 2026 at Fuelcell Energy, up from $30.5 million in the prior quarter.
  • Over the last five years, Revenue for FCEL reached as high as $55.0 million in Q4 2025 and fell as low as $16.4 million in Q2 2022.
  • A 5-year average of $32.8 million and a median of $33.7 million in 2022 frame the typical range for Revenue.
  • The widest annual swing landed in 2022, when Revenue surged 181.31%; it then plunged 54.98% in 2024.
  • Tracing FCEL's Revenue over 5 years: stood at $39.2 million in 2022, then sank by 42.7% to $22.5 million in 2023, then jumped by 119.6% to $49.3 million in 2024, then climbed by 11.54% to $55.0 million in 2025, then sank by 35.31% to $35.6 million in 2026.
  • According to Business Quant data, Revenue over the past three periods registered $35.6 million, $30.5 million, and $55.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 2.65 Bn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 751.05 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 1.24 Bn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 1.52 Bn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 511.00 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 296.62 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 33.64 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 1.06 Bn
10 Fuelcell Energy 1.02 Bn 1.02 Bn -12.93 Mn 35.59 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 35.59 Mn
Jan 31, 2026 30.53 Mn
Oct 31, 2025 55.02 Mn
Jul 31, 2025 46.74 Mn
Apr 30, 2025 37.41 Mn
Jan 31, 2025 19.00 Mn
Oct 31, 2024 49.33 Mn
Jul 31, 2024 23.70 Mn
Apr 30, 2024 22.42 Mn
Jan 31, 2024 16.69 Mn
Oct 31, 2023 22.46 Mn
Jul 31, 2023 25.51 Mn
Apr 30, 2023 38.35 Mn
Jan 31, 2023 37.07 Mn
Oct 31, 2022 39.20 Mn
Jul 31, 2022 43.10 Mn
Apr 30, 2022 16.38 Mn
Jan 31, 2022 31.80 Mn
Oct 31, 2021 13.94 Mn
Jul 31, 2021 26.82 Mn