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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$1.59B+1,609%
Enterprise value$1.24B-2,458%
P/S9.4×+8.8×

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:SellingGeneralAndAdministrativeExpense.

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 costs of revenues48,51846,844
Gross loss(12,929)(9,438)
Operating expenses:
Administrative and selling expenses14,70816,470
Research and development expenses7,7099,896
Restructuring expense-6
Impairment expense42,567-
Total costs and expenses64,98426,372

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is FuelCell Energy's SG&A?
FuelCell Energy (FCEL) reported SG&A of $14.71M in Q1 2026.
How has FuelCell Energy's SG&A changed year-over-year?
FuelCell Energy's SG&A decreased by 10.7% year-over-year, from $16.47M to $14.71M.
What is the long-term trend for FuelCell Energy's SG&A?
Over 4 years (2021 to 2025), FuelCell Energy's SG&A has grown at a 12.5% compound annual growth rate (CAGR), from $37.95M to $60.74M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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