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FuelCell Energy FCEL Service — Cost of Goods Sold

Other product segments

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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$1.62B+1,516%
Enterprise value$1.28B-2,952%
P/S9.7×+9.0×

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

Reported directly by FuelCell Energy in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: FuelCell Energy’s 10-Q, filed June 8, 2026.

Filed
Jun 8, 2026, 7:40 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-071183
Line itemThree Months Ended April 30, 2026Three Months Ended April 30, 2025
Total revenues35,58937,406
Costs of revenues:
Product20,28216,261
Service3,4899,067
Generation22,05518,411
Advanced Technologies2,6923,105
Total costs of revenues48,51846,844
Gross loss(12,929)(9,438)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is FuelCell Energy's service — cost of goods sold?
FuelCell Energy (FCEL) reported service — cost of goods sold of $3.49M in Q1 2026.
How has FuelCell Energy's service — cost of goods sold changed year-over-year?
FuelCell Energy's service — cost of goods sold decreased by 61.5% year-over-year, from $9.07M to $3.49M.
What is the long-term trend for FuelCell Energy's service — cost of goods sold?
Over 3 years (2022 to 2025), FuelCell Energy's service — cost of goods sold has grown at a 9.5% compound annual growth rate (CAGR), from $17.23M to $22.63M.
What does service — cost of goods sold mean?
This metric captures the direct costs incurred to deliver service and maintenance activities for the company's fuel cell products. It includes expenses related to labor, parts, and technical support required to fulfill service obligations. Monitoring this cost helps assess the operational efficiency and profitability of the service business segment.

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