Fuelcell Energy (FCELB) Revenue (2010 - 2026)

Fuelcell Energy's (FCELB) quarterly Revenue came in at $30.5 million in Q1 2026, up 60.71% year-on-year from $19.0 million in Q1 2025, and down 44.51% quarter-over-quarter from $55.0 million in Q4 2025.

Fuelcell Energy (FCELB) Revenue (2010 - 2026) Analysis & Trends

Fuelcell Energy has disclosed Revenue across 17 years of filings, most recently posting $30.5 million for Q1 2026.

  • Revenue for Q1 2026 came in at $30.5 million, up 60.71% year-over-year; the trailing twelve-month figure through Jan 2026 was $169.7 million (up 48.29% YoY), and the FY2025 annual result was $158.2 million, up 41.05% from the prior year.
  • Revenue came in at $30.5 million for Q1 2026 at Fuelcell Energy, down from $55.0 million in the prior quarter.
  • In the past five years, Revenue ranged from a high of $55.0 million in Q4 2025 to a low of $16.4 million in Q2 2022.
  • The 5-year median for Revenue is $31.8 million (2022), against an average of $32.6 million.
  • Across the five-year window, Revenue soared 181.31% in 2022 and sank 54.98% in 2024, its largest moves.
  • Fuelcell Energy's Revenue stood at $39.2 million in 2022, then plunged by 42.7% to $22.5 million in 2023, then soared by 119.6% to $49.3 million in 2024, then advanced by 11.54% to $55.0 million in 2025, then tumbled by 44.51% to $30.5 million in 2026.
  • The last three Revenue figures came in at $30.5 million (Q1 2026), $55.0 million (Q4 2025), and $46.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - -
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 2.65 Bn
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 751.05 Mn
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 1.24 Bn
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 1.52 Bn
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 511.00 Mn
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn 33.64 Mn
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn 296.62 Mn
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 1.06 Bn
10 Fuelcell Energy - - -12.93 Mn 35.59 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 35.59 Mn
Jan 31, 2026 30.53 Mn
Oct 31, 2025 55.02 Mn
Jul 31, 2025 46.74 Mn
Apr 30, 2025 37.41 Mn
Jan 31, 2025 19.00 Mn
Oct 31, 2024 49.33 Mn
Jul 31, 2024 23.70 Mn
Apr 30, 2024 22.42 Mn
Jan 31, 2024 16.69 Mn
Oct 31, 2023 22.46 Mn
Jul 31, 2023 25.51 Mn
Apr 30, 2023 38.35 Mn
Jan 31, 2023 37.07 Mn
Oct 31, 2022 39.20 Mn
Jul 31, 2022 43.10 Mn
Apr 30, 2022 16.38 Mn
Jan 31, 2022 31.80 Mn
Oct 31, 2021 13.94 Mn
Jul 31, 2021 26.82 Mn