FuelCell Energy, Inc. (FCEL)

FuelCell Energy Revenue by Segment

Period Ending	Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019
Generation	48.83M	50.83M	49.98M	46.54M	44.12M	38.44M	37.51M	37.74M
Generation Growth	10.68%	32.21%	33.24%	23.32%	17.23%	0.52%	3.65%	10.54%
Product	38.77M	36.24M	45.26M	43.84M	-	-	61.59M	-	-	69.10M	60.48M	-	-	-	-	-	-	-	-	-	-	-	-
Product Growth	-37.04%	-47.55%	-25.16%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advanced Technologies	24.84M	27.66M	26.51M	24.41M	20.47M	17.26M	17.21M	20.45M
Advanced Technologies Growth	21.36%	60.32%	54.03%	19.37%	-2.26%	-21.28%	-19.98%	-4.18%
Service	16.98M	10.20M	9.97M	3.57M	12.00M	36.82M	49.08M	48.84M
Service Growth	41.48%	-72.30%	-79.69%	-92.70%	-75.03%	50.28%	283.89%	255.77%

Operating Expense Breakdown

Period Ending	Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019
Administrative and Selling	62.04M	63.23M	64.60M	65.55M	68.51M	65.92M	64.53M	62.90M
Administrative and Selling Growth	-9.44%	-4.07%	0.12%	4.21%	15.15%	14.32%	-18.96%	-16.18%
Research and Development	45.40M	52.13M	55.40M	61.82M	64.62M	62.69M	61.02M	55.21M
Research and Development Growth	-29.74%	-16.84%	-9.21%	11.96%	31.20%	48.46%	76.72%	113.83%

Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.