Fuelcell Energy (FCEL) Revenue (2010 - 2026)
Fuelcell Energy's Revenue came in at $33 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), down 29.4% from $46.74 million a year earlier and down 7.3% from the prior quarter.
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Analysis
Fuelcell Energy (FCEL) Revenue (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Fuelcell Energy reported Revenue of $154.14 million, up 1.1% year-over-year; for FY2025 (ended Oct 31, 2025), it was $158.16 million, up 41.0% from FY2024.
- Revenue carries a five-year compound annual growth rate of 17.4% (FY2020 to FY2025).
- Going back by fiscal year, Revenue was $112.13 million in FY2024 (-9.1%), $123.39 million in FY2023 (-5.4%), $130.48 million in FY2022 (+87.5%) and $69.59 million in FY2021 (-1.8%).
- The five-year range for quarterly Revenue is $13.94 million (fiscal Q4 2021) to $55.02 million (fiscal Q4 2025).
- Year-over-year, Revenue increased in six of the last eight quarters, with growth averaging 41.9%.
- The fastest year-over-year change in Revenue over five years came in fiscal Q4 2022 (growth of 181.3%), and the weakest in fiscal Q1 2024 (a decline of 55.0%).
- Business Quant data shows FCEL's Revenue at $35.59 million (Q2 2026), $30.53 million (Q1 2026) and $55.02 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 243.42 Bn | 203.34 Bn | 2.36 Bn | 11.10 Bn |
| 2 | Bloom Energy | 64.86 Bn | 56.65 Bn | 355.57 Mn | 1.07 Bn |
| 3 | First Solar | 18.49 Bn | 9.44 Bn | 605.00 Mn | 1.06 Bn |
| 4 | BWX Technologies | 12.47 Bn | 10.77 Bn | 202.31 Mn | 901.63 Mn |
| 5 | Nextpower | 12.04 Bn | 7.93 Bn | 335.85 Mn | 935.17 Mn |
| 6 | Generac Holdings | 11.40 Bn | 10.23 Bn | 521.81 Mn | 1.17 Bn |
| 7 | EnerSys | 6.16 Bn | 4.36 Bn | 313.36 Mn | 935.64 Mn |
| 8 | Enphase Energy | 4.04 Bn | -817.10 Mn | 175.01 Mn | 291.85 Mn |
| 9 | Mirion Technologies | 3.66 Bn | 1.50 Bn | 133.10 Mn | 266.80 Mn |
| 10 | Fuelcell Energy | 903.66 Mn | -717.54 Mn | -24.50 Mn | 33.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 33.00 Mn |
| 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 |
API Access
Fuelcell Energy Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=revenue&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "ticker": "FCEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=revenue&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();