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FuelCell Energy FCEL Q1 2025 earnings

Reported March 11, 2025 · Before market open

Revenue$19.0MMiss by $14.9M
EPS-$1.42Beat by $0.10
Revenue estimate$33.9M
EPS estimate-$1.52

Next report

Sep 2, 2026 (In 5 days)
Revenue estimate$38.8M
EPS estimate-$0.41

Financials

Q1 2025

Income statement

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Revenue$19.0M+13.8%
Gross profit-$5.2M+55.6%
Operating income-$32.9M+22.7%
Net income-$28.3M-43.1%
EPS (diluted)-$1.42-3.6%

Balance sheet

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Cash & equivalents$98.1M-67.0%
Total debt$26.4M+33.2%
Total equity$635.2M-4.3%
Total assets$907.5M-1.7%

Cash flow

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Operating cash flow-$45.7M+21.6%
CapEx$7.1M-33.2%
Free cash flow-$52.8M+23.3%

Valuation & ratios

Valuation

as of 01/31/25
See full
Market cap$157.05M-71.0%
Enterprise value$85.36M-67.7%
P/S1.4×-3.9×

Profitability

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Gross margin-25.7%-0.9pp
Operating margin-130.1%-16.1pp
Net margin-117.6%+15.1pp
FCF margin-161.3%-16.4pp

Returns & leverage

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Return on equity-20.7%+7.6pp
Debt / equity0×0.0×
Current ratio6.3×-1.9×

Segments

By geography

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US$17.9M-17.8%
KR$899.0K-84.3%
CA$115.0K+10.8%

By product

See full
Electricity Generation$11.3M+8.1%
Advanced Technologies$5.7M+25.1%
Service$1.8M+14.3%

FAQ

When did FuelCell Energy report Q1 2025 earnings?
FuelCell Energy (FCEL) reported Q1 2025 earnings on March 11, 2025 before market open.
What were FuelCell Energy's Q1 2025 revenue and EPS?
FuelCell Energy reported revenue of $19.0M and eps of $-1.42 for Q1 2025.
Did FuelCell Energy beat estimates in Q1 2025?
Revenue missed the consensus estimate of $33.9M by $14.9M. EPS beat the consensus estimate of $-1.52 by $0.10.
Where can I find FuelCell Energy's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001558370-25-002636) and the 10-Q periodic report (0001558370-25-002637) directly on SEC EDGAR. The filing index links above go to sec.gov.