Fuelcell Energy (FCELB) Operating Expenses (2010 - 2026)
Fuelcell Energy's (FCELB) quarterly Operating Expenses came in at $22.2 million in Q3 2026, down 75.44% year-over-year from $90.2 million in Q3 2025, and down 65.9% quarter-over-quarter from $65.0 million in Q2 2026.
Analysis
Fuelcell Energy (FCELB) Operating Expenses (2010 - 2026) Analysis & Trends
Fuelcell Energy has disclosed Operating Expenses across 17 years of filings, most recently posting $22.2 million for Q3 2026.
- In Q3 2026, Operating Expenses fell 75.44% year-over-year to $22.2 million; the TTM figure through Jul 2026 stood at $129.3 million (down 25.86% YoY), while the FY2025 annual figure was $165.9 million, up 35.38% from the prior year.
- Operating Expenses came in at $22.2 million for Q3 2026 at Fuelcell Energy, down from $65.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $90.2 million in Q3 2025 to a low of $20.4 million in Q1 2026.
- Average Operating Expenses over 5 years is $33.5 million, with a median of $27.7 million recorded in 2023.
- Year-over-year, Operating Expenses jumped 290.04% in 2022 and slumped 75.44% in 2026.
- Over 5 years, Operating Expenses stood at $27.5 million in 2022, then increased by 27.06% to $34.9 million in 2023, then fell by 13.74% to $30.1 million in 2024, then declined by 27.97% to $21.7 million in 2025, then advanced by 2.15% to $22.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $22.2 million in Q3 2026, $65.0 million in Q2 2026, and $20.4 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bloom Energy | 74.04 Bn | 71.37 Bn | 355.57 Mn | 173.34 Mn |
| 2 | Fuelcell Energy | 33.44 Bn | 32.78 Bn | -24.50 Mn | 22.16 Mn |
| 3 | Ballard Power Systems | 667.85 Mn | 162.70 Mn | 4.08 Mn | 20.92 Mn |
| 4 | Sunhydrogen | 89.43 Mn | 89.43 Mn | -45,724.00 | 1.73 Mn |
Historic Data
Download Data
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 |