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Other financials

Income statement

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Revenue$35.6M-4.9%
Gross profit-$12.9M-37.0%
Operating income-$77.9M-118%
Net income-$77.9M-105%
EPS (diluted)-$1.45+19.0%

Balance sheet

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Cash & equivalents$373.2M+222%
Total debt$30.2M+14.7%
Total equity$719.4M+18.1%
Total assets$1.0B+13.5%

Cash flow

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Operating cash flow-$27.3M+8.7%
CapEx$1.7M-67.7%
Free cash flow-$29.0M+17.5%

Valuation

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Market cap$1.46B+973%
Enterprise value$1.11B+2,320%
P/S8.7×+7.6×

Profitability

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Gross margin-18.2%-3.7pp
Operating margin-135.7%+39.6pp
Net margin-132.4%+37.4pp
FCF margin-71.3%-22.3pp

Returns & leverage

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Return on equity-33.5%+31.9pp
Debt / equity0.0×
Current ratio8.6×+3.0×

Where this comes from

Calculated from FuelCell Energy’s reported figures.

$77.9Mebit+
$10.8MDepreciation Depletion & Amortization
=-$67.07M

The official record: FuelCell Energy’s 10-Q, filed June 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FuelCell Energy's EBITDA?
FuelCell Energy (FCEL) reported EBITDA of -$67.07M in Q1 2026.
How has FuelCell Energy's EBITDA changed year-over-year?
FuelCell Energy's EBITDA decreased by 169.1% year-over-year, from -$24.92M to -$67.07M.
What is the long-term trend for FuelCell Energy's EBITDA?
Over 4 years (2021 to 2025), FuelCell Energy's EBITDA has grown at a 35.5% compound annual growth rate (CAGR), from -$45.03M to -$151.95M.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.