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FuelCell Energy FCEL Total Cost of Revenue

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Segments

By product

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Electricity Generation$22.06M+19.8%
Service$3.49M-61.5%
Advanced Technologies$2.69M-13.3%

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
Service3,4899,067
Generation22,05518,411
Advanced Technologies2,6923,105
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

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is FuelCell Energy's total cost of revenue?
FuelCell Energy (FCEL) reported total cost of revenue of $48.52M in Q1 2026.
How has FuelCell Energy's total cost of revenue changed year-over-year?
FuelCell Energy's total cost of revenue increased by 3.6% year-over-year, from $46.84M to $48.52M.
What is the long-term trend for FuelCell Energy's total cost of revenue?
Over 4 years (2021 to 2025), FuelCell Energy's total cost of revenue has grown at a 21.3% compound annual growth rate (CAGR), from $85.22M to $184.57M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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