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Fuelcell Energy Inc cash flow statement

In fiscal 2025, Fuelcell Energy Inc's operations generated −$125m of cash; it spent $18.6m on capital projects, leaving free cash flow of −$144m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Oct 20092010Oct 20102011Oct 20112012Oct 20122013Oct 20132014Oct 20142015Oct 20152016Oct 20162017Oct 20172018Oct 20182019Oct 20192020Oct 20202021Oct 20212022Oct 20222023Oct 20232024Oct 20242025Oct 2025LTMJul 2026
Cash from operations−65−35−8−59−17−57−44−47−7216−31−37−70−112−140−153−125−96
Depreciation and amortisation97654444491219202125364041
Stock-based pay5332233353324712121110
Capital spending323476781210206213948195
Free cash flow−68−37−12−63−23−64−51−54−846−33−37−77−133−180−201−144−101
Free cash flow after stock pay−73−40−14−65−25−67−54−58−893−36−39−81−140−192−212−155−111
Shares issued5032336451062771——————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Fuelcell Energy Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Fuelcell Energy Inc.