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| Date | Value |
|---|---|
| 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 |