FUELCELL ENERGY INC Income Statement
FCEL|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
FUELCELL ENERGY INC reported $123M in revenue and $108M in net loss for FY2025. Revenue has grown at a 2.4% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 1.00 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $123.4M | $130.5M | $69.6M | $70.9M | $60.8M | $89.4M | $95.7M | $108.3M | $163.1M | $180.3M | $187.7M | $120.6M | $122.6M | $69.8M | $88.0M |
| Cost of Revenue | $133.9M | $160.1M | $85.2M | $78.6M | $82.0M | $86.3M | $92.9M | $108.6M | $150.3M | $166.6M | $180.5M | $120.2M | $135.2M | $88.4M | $118.0M |
| Gross Profit | - | - | - | - | - | -$21.3M | $3.1M | -$357.0K | $12.8M | $13.7M | $7.1M | $445.0K | -$12.6M | -$18.7M | -$30.0M |
| SG&A Expense | $64.5M | $79.6M | $37.9M | $26.6M | $31.9M | $24.9M | $25.9M | $25.1M | $24.2M | $22.8M | $21.2M | $18.2M | $16.3M | $17.1M | $17.2M |
| R&D Expense | $61.0M | $34.5M | $11.3M | $4.8M | $13.8M | $22.8M | $20.4M | $20.8M | $17.4M | $18.2M | $15.7M | $14.4M | $16.8M | $18.6M | $19.2M |
| Operating Income | -$136.1M | -$143.7M | -$64.9M | -$39.2M | -$66.9M | -$44.6M | -$44.9M | -$46.4M | -$28.9M | -$27.3M | -$29.8M | -$32.1M | -$45.7M | -$54.4M | -$66.4M |
| Interest Expense | $7.2M | $6.4M | $7.4M | $15.3M | $10.6M | $9.1M | $9.2M | $5.0M | $3.0M | $3.6M | $4.0M | $2.3M | $2.6M | -$127.0K | $265.0K |
| Income Tax | $581.0K | $819.0K | $2.0K | $46.0K | $109.0K | -$3.0M | $44.0K | $519.0K | $274.0K | $488.0K | $371.0K | $69.0K | $17.0K | $44.0K | $91.0K |
| Net Income | -$107.6M | -$142.7M | -$101.1M | -$89.1M | -$77.6M | -$47.3M | -$53.9M | -$51.0M | -$29.4M | -$38.1M | -$34.4M | -$35.5M | -$45.7M | -$55.7M | -$68.7M |
| EPS (Basic) | -$7.92 | -$11.43 | -$0.31 | -$0.42 | -$1.82 | -$9.01 | -$13.73 | -$1.82 | -$1.33 | -$2.02 | -$2.42 | -$0.23 | -$0.47 | -$0.63 | -$0.99 |
| EPS (Diluted) | -$7.92 | -$11.43 | -$0.31 | -$0.42 | -$1.82 | -$9.01 | -$13.73 | -$1.82 | -$1.33 | -$2.02 | -$2.42 | -$0.23 | -$0.47 | -$0.63 | -$0.99 |
| Shares Outstanding | 20.4M | 15.0M | 405.6M | 366.6M | 183.4M | 183.4M | 8.0M | 69.5M | 35.2M | 26.0M | 23.9M | 196.3M | 185.9M | 138.4M | 113.0M |
| Gross Margin | - | - | - | - | - | -23.8% | 3.2% | -0.3% | 7.8% | 7.6% | 3.8% | 0.4% | -10.3% | -26.7% | -34.1% |
| Operating Margin | -110.3% | -110.1% | -93.3% | -55.3% | -110.2% | -49.9% | -47.0% | -42.8% | -17.7% | -15.2% | -15.9% | -26.6% | -37.3% | -77.9% | -75.4% |
| Profit Margin | -87.2% | -109.4% | -145.2% | -125.7% | -127.7% | -52.9% | -56.3% | -47.1% | -18.0% | -21.1% | -18.3% | -29.4% | -37.3% | -79.8% | -78.0% |