Fuelcell Energy Inc (FCELB) Operating Expenses (2010 - 2026)
Fuelcell Energy's Operating Expenses came in at $22.16 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), down 75.4% from $90.23 million a year earlier and down 65.9% from the prior quarter.
Fuelcell Energy Inc (FCELB) Operating Expenses (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Fuelcell Energy reported Operating Expenses of $129.27 million, down 25.9% year-over-year; for FY2025 (ended Oct 31, 2025), it came in at $165.94 million, up 35.4% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 39.5% (FY2020 to FY2025).
- Going back by fiscal year, Operating Expenses was $122.57 million in FY2024 (-2.4%), $125.55 million in FY2023 (+10.0%), $114.15 million in FY2022 (+131.7%) and $49.26 million in FY2021 (+56.7%).
- The five-year range for quarterly Operating Expenses is $14.19 million (fiscal Q4 2021) to $90.23 million (fiscal Q3 2025).
- Year-over-year, Operating Expenses increased in two of the last eight quarters, with growth averaging 24.9%.
- The fastest year-over-year change in Operating Expenses over five years came in fiscal Q1 2022 (growth of 290.0%), and the weakest in fiscal Q3 2026 (a decline of 75.4%).
- Business Quant data shows FCELB's Operating Expenses at $64.98 million (Q2 2026), $20.43 million (Q1 2026) and $21.69 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 22.16 Mn |
| Apr 30, 2026 | 64.98 Mn |
| Jan 31, 2026 | 20.43 Mn |
| Oct 31, 2025 | 21.69 Mn |
| Jul 31, 2025 | 90.23 Mn |
| Apr 30, 2025 | 26.37 Mn |
| Jan 31, 2025 | 27.65 Mn |
| Oct 31, 2024 | 30.12 Mn |
| Jul 31, 2024 | 27.42 Mn |
| Apr 30, 2024 | 34.29 Mn |
| Jan 31, 2024 | 30.75 Mn |
| Oct 31, 2023 | 34.91 Mn |
| Jul 31, 2023 | 33.18 Mn |
| Apr 30, 2023 | 29.77 Mn |
| Jan 31, 2023 | 27.69 Mn |
| Oct 31, 2022 | 27.48 Mn |
| Jul 31, 2022 | 23.82 Mn |
| Apr 30, 2022 | 20.91 Mn |
| Jan 31, 2022 | 41.95 Mn |
| Oct 31, 2021 | 14.19 Mn |
Fuelcell Energy Inc Operating Expenses 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=operating-expenses&ticker=FCELB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "FCELB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=FCELB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();