FuelCell Energy, Inc. (FCEL)

FuelCell Energy Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Cash & Equivalents	658.08	278.1	148.13	249.95	458.06	432.21
Short-Term Investments	-	-	109.12	103.76	-	-
Cash & Short-Term Investments	658.08	278.1	257.26	353.71	458.06	432.21
Cash Growth	276.77%	8.10%	-27.27%	-22.78%	5.98%	188.40%
Accounts Receivable	47.05	53.01	48.6	20.11	15.9	23.65
Receivables	47.05	53.01	48.6	20.11	15.9	23.65
Inventory	86.38	86.2	113.7	84.46	90.91	67.07
Restricted Cash	24.91	16.6	12.16	5.16	4.42	11.27
Other Current Assets	16.89	15.91	12.74	12.88	10.99	9.18
Total Current Assets	833.3	449.81	444.46	476.31	580.28	543.39
Property, Plant & Equipment	105.43	107.67	138.81	98.02	65.33	47.53
Goodwill	-	-	4.08	4.08	4.08	4.08
Other Intangible Assets	2.92	3.89	14.78	16.08	17.37	18.67
Long-Term Accounts Receivable	125.2	82.1	28.3	25.8	9.7	11.6
Other Long-Term Assets	244.31	288.68	313.7	335.24	262.96	249.99
Total Assets	1,311	932.15	944.12	955.52	939.72	875.25

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Accounts Payable	16.33	17.01	22.59	26.52	28.2	19.27
Accrued Expenses	38.97	28.8	27.85	22.36	27.42	16.03
Current Portion of Long-Term Debt	17.4	14.45	15.92	10.07	13.2	10.09
Current Portion of Leases	2.41	2.33	0.81	0.6	0.65	1.03
Current Unearned Revenue	19.42	2.73	4.23	2.41	16.34	6.29
Other Current Liabilities	1.57	2.52	2.52	3.96	-	0.07
Total Current Liabilities	96.08	67.84	73.9	65.9	85.8	52.77
Long-Term Debt	115.92	84.99	96.93	90.57	12.5	21.03
Long-Term Leases	30.5	30.76	27.71	27.82	64.26	64.69
Long-Term Unearned Revenue	14.01	5.99	3.01	0.73	9.1	30.43
Other Long-Term Liabilities	11.9	11.43	15.11	10.19	13.69	1.01
Total Liabilities	268.41	201.01	216.66	195.22	185.33	169.92

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Common Stock	0.01	0.01	0	0	0.04	0.04
Additional Paid-In Capital	2,952	2,493	2,300	2,200	2,094	1,908
Retained Earnings	-1,975	-1,829	-1,642	-1,516	-1,408	-1,265
Treasury Stock	-1.58	-1.41	-1.2	-1.08	-0.86	-0.59
Comprehensive Income & Other	-0.17	-0.29	-0.36	-0.59	-0.9	-0.23
Total Common Equity	975.11	662.18	656.92	682.49	684.39	642.44
Minority Interest	7.79	9.11	10.69	17.96	10.14	3.03
Shareholders' Equity	1,043	731.14	727.47	760.31	754.38	705.33
Total Liabilities & Equity	1,311	932.15	944.12	955.52	939.72	875.25

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2026	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Total Debt	166.23	132.53	141.36	129.06	90.6	96.83
Net Cash (Debt)	491.86	145.57	115.89	224.65	367.46	335.38
Net Cash Growth	1115.18%	25.61%	-48.41%	-38.86%	9.56%	-
Net Cash Per Share	9.40	5.65	7.02	16.06	28.77	30.06
Filing Date Shares Outstanding	79.95	47.74	20.45	15.06	13.52	12.22
Total Common Shares Outstanding	79.95	46.03	20.38	15.02	13.52	12.22
Working Capital	737.22	381.97	370.55	410.41	494.48	490.62
Book Value Per Share	12.20	14.39	32.24	45.44	50.63	52.57
Tangible Book Value	972.19	658.29	638.07	662.34	662.94	619.69
Tangible Book Value Per Share	12.16	14.30	31.31	44.09	49.04	50.71
Land	-	0.52	0.52	0.52	0.52	0.52
Buildings	-	23.82	26.58	21.43	21.22	20.87
Machinery	-	152.87	149.69	141.77	113.01	113.77
Construction In Progress	-	37.36	68.59	33.95	26.48	6.42
Order Backlog	-	1,190	1,160	-	-	-

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 2, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 8, 2026

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