FuelCell Energy Income Statement

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	169.7	158.16	112.13	123.39	130.48	69.59
Revenue Growth (YoY)	48.29%	41.05%	-9.13%	-5.43%	87.52%	-1.81%
Operations and Maintenance Expenses	196.76	184.57	148.05	133.93	160.06	85.22
Gross Profit	-27.06	-26.41	-35.92	-10.54	-29.58	-15.64
Other Operating Expenses	158.73	165.94	122.57	125.55	114.15	49.26
Operating Income	-185.79	-192.35	-158.49	-136.08	-143.72	-64.9
Interest Income	8.45	8.31	13.72	15.8	3.39	0.03
Interest Expense	-10.53	-10.38	-9.69	-7.25	-6.39	-7.36
Other Non-Operating Income (Expense)	3.25	3.18	-2.3	20.06	0.32	-28.79
Total Non-Operating Income (Expense)	1.17	1.11	1.74	28.61	-2.69	-36.12
Pretax Income	-184.9	-191.24	-156.75	-107.48	-146.41	-101.02
Provision for Income Taxes	-0.14	-0.14	-0.03	-0.58	-0.82	-0
Net Income	-182.43	-187.9	-126.01	-107.57	-142.72	-101.06
Minority Interest in Earnings	-3.73	-3.47	-30.77	-0.49	-4.51	-0.03
Net Income Attributable to Preferred Dividends	3.2	3.2	3.2	3.2	3.2	3.2
Net Income to Common	-182.43	-187.9	-126.01	-107.57	-142.72	-101.06
Shares Outstanding (Basic)	33	26	17	14	13	11
Shares Outstanding (Diluted)	33	26	17	14	13	11
Shares Change (YoY)	82.74%	55.97%	17.97%	9.55%	14.46%	50.81%
EPS (Basic)	-6.91	-7.42	-7.83	-7.92	-11.43	-9.30
EPS (Diluted)	-6.91	-7.42	-7.83	-7.92	-11.43	-9.30
Free Cash Flow	-131.67	-147.83	-212.46	-232.61	-158.82	-143.67
Free Cash Flow Per Share	-4.03	-5.74	-12.87	-16.63	-12.44	-12.88
Gross Margin	-15.95%	-16.70%	-32.03%	-8.54%	-22.67%	-22.47%
Operating Margin	-109.48%	-121.61%	-141.34%	-110.28%	-110.15%	-93.27%
Profit Margin	-109.04%	-121.00%	-139.82%	-87.57%	-112.84%	-145.18%
FCF Margin	-77.59%	-93.47%	-189.47%	-188.51%	-121.71%	-206.46%
EBITDA	-144.82	-151.95	-122.3	-110.71	-122.45	-45.03
EBITDA Margin	-85.34%	-96.07%	-109.06%	-89.72%	-93.84%	-64.71%
EBIT	-185.79	-192.35	-158.49	-136.08	-143.72	-64.9
EBIT Margin	-109.48%	-121.61%	-141.34%	-110.28%	-110.15%	-93.27%
Effective Tax Rate	0.07%	0.07%	0.02%	0.54%	0.56%	0.00%

Updated Jan 31, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.