Fuelcell Energy (FCELB) Cost of Revenue (2010 - 2026)
Fuelcell Energy's (FCELB) quarterly Cost of Revenue came in at $48.5 million in Q2 2026, up 3.57% YoY from $46.8 million in Q2 2025, and up 33.34% on a QoQ basis from $36.4 million in Q1 2026.
Fuelcell Energy (FCELB) Cost of Revenue (2010 - 2026) Analysis & Trends
Fuelcell Energy's Cost of Revenue history runs 17 years deep, the most recent figure standing at $48.5 million for Q2 2026.
- On a quarterly basis, Cost of Revenue rose 3.57% year-over-year to $48.5 million in Q2 2026; TTM through Apr 2026 was $198.4 million, a 23.11% increase from a year earlier, with the FY2025 full-year figure at $184.6 million, up 24.67% from the prior year.
- Cost of Revenue was $48.5 million for Q2 2026 at Fuelcell Energy, up from $36.4 million in the prior quarter.
- Over the last five years, Cost of Revenue for FCELB reached as high as $61.6 million in Q4 2025 and fell as low as $23.7 million in Q2 2022.
- A 5-year average of $39.5 million and a median of $35.5 million in 2022 frame the typical range for Cost of Revenue.
- The widest annual swing landed in 2023, when Cost of Revenue sank 56.01%; it then surged 151.79% in 2024.
- Tracing FCELB's Cost of Revenue over 5 years: stood at $54.4 million in 2022, then sank by 56.01% to $23.9 million in 2023, then surged by 151.79% to $60.2 million in 2024, then climbed by 2.33% to $61.6 million in 2025, then retreated by 21.3% to $48.5 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $48.5 million, $36.4 million, and $61.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 381.47 Bn | 381.42 Bn | - | - |
| 2 | Vertiv Holdings | 106.74 Bn | 104.24 Bn | 999.70 Mn | 1.65 Bn |
| 3 | Bloom Energy | 66.49 Bn | 64.02 Bn | 225.54 Mn | 525.51 Mn |
| 4 | nVent Electric | 25.11 Bn | 24.92 Bn | 445.60 Mn | 796.40 Mn |
| 5 | Hubbell | 24.82 Bn | 24.31 Bn | 505.30 Mn | 1.01 Bn |
| 6 | Advanced Energy Industries | 11.63 Bn | 11.63 Bn | 200.90 Mn | 310.10 Mn |
| 7 | Ballard Power Systems | 10.56 Bn | 10.03 Bn | 5.64 Mn | 28.04 Mn |
| 8 | Powell Industries | 9.53 Bn | 8.99 Bn | 87.94 Mn | 208.68 Mn |
| 9 | Acuity Inc. (De) | 8.63 Bn | 8.35 Bn | 520.40 Mn | 535.30 Mn |
| 10 | Fuelcell Energy | - | - | -12.93 Mn | 48.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 48.52 Mn |
| Apr 30, 2026 | 48.52 Mn |
| Jan 31, 2026 | 36.39 Mn |
| Jan 31, 2026 | 36.39 Mn |
| Oct 31, 2025 | 61.65 Mn |
| Oct 31, 2025 | 61.65 Mn |
| Jul 31, 2025 | 51.88 Mn |
| Jul 31, 2025 | 51.88 Mn |
| Apr 30, 2025 | 46.84 Mn |
| Apr 30, 2025 | 46.84 Mn |
| Jan 31, 2025 | 24.20 Mn |
| Jan 31, 2025 | 24.20 Mn |
| Oct 31, 2024 | 60.24 Mn |
| Oct 31, 2024 | 60.24 Mn |
| Jul 31, 2024 | 29.90 Mn |
| Jul 31, 2024 | 29.90 Mn |
| Apr 30, 2024 | 29.49 Mn |
| Apr 30, 2024 | 29.49 Mn |
| Jan 31, 2024 | 28.42 Mn |
| Jan 31, 2024 | 28.42 Mn |