Fuelcell Energy (FCELB) Research & Development (2010 - 2026)

Fuelcell Energy has disclosed Research & Development across 17 years of filings, most recently posting $7.0 million for Q1 2026.

• Research & Development for Q1 2026 came in at $7.0 million, down 37.16% year-over-year; the trailing twelve-month figure through Jan 2026 was $30.0 million (down 42.53% YoY), and the FY2025 annual result was $34.1 million, down 38.49% from the prior year.
• Research & Development came in at $7.0 million for Q1 2026 at Fuelcell Energy, up from $5.5 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $18.0 million in Q4 2023 to a low of $5.0 million in Q1 2022.
• The 5-year median for Research & Development is $11.6 million (2024), against an average of $11.3 million.
• Across the five-year window, Research & Development soared 248.45% in 2022 and slumped 53.0% in 2025, its largest moves.
• Fuelcell Energy's Research & Development stood at $12.2 million in 2022, then soared by 47.56% to $18.0 million in 2023, then plunged by 35.59% to $11.6 million in 2024, then plunged by 53.0% to $5.5 million in 2025, then advanced by 27.62% to $7.0 million in 2026.
• The last three Research & Development figures came in at $7.0 million (Q1 2026), $5.5 million (Q4 2025), and $7.6 million (Q3 2025), per Business Quant data.