Fuelcell Energy Inc revenue
Fuelcell Energy Inc's revenue was $158m in fiscal 2025, up 41.0% on the year before. Since fiscal 2009 ($88.0m) it has grown at a compound 3.7% a year. Over the last twelve months it was $154m.
Revenue history
| Fiscal year | 2009Oct 2009 | 2010Oct 2010 | 2011Oct 2011 | 2012Oct 2012 | 2013Oct 2013 | 2014Oct 2014 | 2015Oct 2015 | 2016Oct 2016 | 2017Oct 2017 | 2018Oct 2018 | 2019Oct 2019 | 2020Oct 2020 | 2021Oct 2021 | 2022Oct 2022 | 2023Oct 2023 | 2024Oct 2024 | 2025Oct 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 88 | 70 | 123 | 121 | 188 | 180 | 163 | 108 | 96 | 89 | 61 | 71 | 70 | 130 | 123 | 112 | 158 | 154 |
| Growth on the year before | — | −20.7% | +75.7% | −1.6% | +55.6% | −3.9% | −9.5% | −33.6% | −11.6% | −6.5% | −32.1% | +16.7% | −1.8% | +87.5% | −5.4% | −9.1% | +41.0% | — |
| Gross profit | −30 | −19 | −13 | 0 | 7 | 14 | 13 | −0 | 3 | 3 | −21 | −8 | −16 | −30 | −11 | −36 | −26 | −50 |
| Gross margin | −34.1% | −26.7% | −10.3% | 0.4% | 3.8% | 7.6% | 7.8% | −0.3% | 2.9% | 3.5% | −35.0% | −10.9% | −22.5% | −22.7% | −8.5% | −32.0% | −16.7% | −32.4% |
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Products | $69.1M | 43.7% | ▲ 169.2% |
| Electricity Generation | $48M | 30.4% | ▼ 3.9% |
| Advanced Technologies | $20.6M | 13.0% | ▼ 22.2% |
| Services | $20.4M | 12.9% | ▲ 104.6% |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $82.4M | 52.1% | ▼ 5.2% |
| South Korea | $75.2M | 47.6% | ▲ 229.4% |
| Europe | $428,000 | 0.3% | ▼ 77.7% |
| Canada | $115,000 | 0.1% | ▼ 72.3% |
From Fuelcell Energy Inc's 10-K filed December 18, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| Fuelcell Energy Inc | $154m | 1.1% | 3.2% |
| Wallbox N.V. | $164m | -7.5% | — |
| Ultralife Corp | $187m | 4.7% | 9.2% |
| Tigo Energy, Inc. | $111m | 49.5% | -13.6% |
| Eos Energy Enterprises, Inc. | $214m | 533.9% | 129.1% |
| Amprius Technologies, Inc. | $109m | 143.6% | 203.2% |
Compare with peers
- Wallbox N.V. revenue
- Ultralife Corp revenue
- Tigo Energy, Inc. revenue
- Eos Energy Enterprises, Inc. revenue
- Amprius Technologies, Inc. revenue
Head to head: FCEL vs WBXFCEL vs ULBIFCEL vs TYGO
More: Electrical Components & Equipment stocks compared, Industrials sector, rankings of US companies