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
DateValue
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