Fuelcell Energy Inc (FCELB) Research & Development (2010 - 2026)
Fuelcell Energy (FCELB) posted Research & Development of $7.7 million for Q2 2026, up 10.71% sequentially from $7.0 million in Q1 2026, and down 22.1% YoY from $9.9 million in Q2 2025.
Fuelcell Energy Inc (FCELB) Research & Development (2010 - 2026) Analysis & Trends
Fuelcell Energy has reported Research & Development for 17 years, with the latest figure at $7.7 million in Q2 2026.
- Quarterly Research & Development fell 22.1% year-over-year to $7.7 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $27.8 million (down 38.83% YoY) and the FY2025 annual result came in at $34.1 million, down 38.49% from the prior year.
- Research & Development rose to $7.7 million in Q2 2026 per FCELB's latest filing, from $7.0 million in the prior quarter.
- Over five years, Research & Development peaked at $18.0 million in Q4 2023 and troughed at $5.0 million in Q1 2022.
- A 5-year average of $11.1 million and a median of $11.3 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2025: Research & Development surged 248.45% in 2022, then slumped 53.0% in 2025.
- Over 5 years, Research & Development stood at $12.2 million in 2022, then surged 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 soared by 41.29% to $7.7 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $7.7 million, $7.0 million, and $5.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 7.71 Mn |
| Jan 31, 2026 | 6.96 Mn |
| Oct 31, 2025 | 5.46 Mn |
| Jul 31, 2025 | 7.65 Mn |
| Apr 30, 2025 | 9.90 Mn |
| Jan 31, 2025 | 11.08 Mn |
| Oct 31, 2024 | 11.61 Mn |
| Jul 31, 2024 | 12.82 Mn |
| Apr 30, 2024 | 16.63 Mn |
| Jan 31, 2024 | 14.35 Mn |
| Oct 31, 2023 | 18.02 Mn |
| Jul 31, 2023 | 15.62 Mn |
| Apr 30, 2023 | 14.70 Mn |
| Jan 31, 2023 | 12.68 Mn |
| Oct 31, 2022 | 12.21 Mn |
| Jul 31, 2022 | 9.66 Mn |
| Apr 30, 2022 | 7.67 Mn |
| Jan 31, 2022 | 4.98 Mn |
| Oct 31, 2021 | 3.51 Mn |
| Jul 31, 2021 | 3.02 Mn |