---
title: "FuelCell Energy (FCEL.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/FCEL.US/norm.md"
symbol: "FCEL.US"
name: "FuelCell Energy"
parent: "https://longbridge.com/en/quote/FCEL.US.md"
datetime: "2026-05-19T17:19:17.423Z"
locales:
  - [en](https://longbridge.com/en/quote/FCEL.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/FCEL.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/FCEL.US/norm.md)
---

# FuelCell Energy (FCEL.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.4908 | -0.8481 | -3.78 | -1.79 | -1.42 |
| ROE | -13.95% | -20.14% | -63.47% | -24.98% | -18.03% |
| Revenue | 30.53M | 55.02M | 46.74M | 37.41M | 19.00M |
| Net income | -23.66M | -30.67M | -92.46M | -38.85M | -29.13M |
| Operating income | -26.29M | -27.27M | -26.85M | -35.80M | -31.32M |
| Gross margin | -19.18% | -12.05% | -10.98% | -25.23% | -27.39% |
| Net margin | -74.87% | -54.29% | -196.08% | -101.72% | -149.11% |
| Profit quality | - | - | - | - | - |

## Balance Sheet (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 978.48M | 932.15M | 830.53M | 883.84M | 907.53M |
| Leverage | 1.28 | 1.27 | 1.33 | 1.30 | 1.29 |
| BVPS | 13.22 | 14.39 | 18.76 | 26.78 | 30.07 |
| Turnover | 0.1800 | 0.1686 | 0.1714 | 0.1438 | 0.1250 |
| Cash & STI | 311.78M | 278.10M | 174.66M | 176.97M | 208.37M |
| Inv & Rec | 90.28M | 86.20M | 104.60M | 123.54M | 125.75M |
| LT assets | 106.81M | 107.67M | 108.70M | 145.75M | 143.23M |
| Net debt | -162.13M | -145.57M | -40.48M | -42.24M | -71.14M |

## Cash Flow Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -33.94M | -22.86M | -26.83M | -29.89M | -45.71M |
| Investing CF | -2.98M | -1.11M | 52.06M | 45.27M | -7.36M |
| Financing CF | 74.80M | 128.72M | 32.68M | 3.02M | 4.84M |
| Free CF | -25.47M | 17.66M | -1.41M | -13.32M | -40.50M |
| OCF coverage | -392.29% | -385.89% | -195.14% | -321.41% | -407.87% |
| Repaid & issued | 25.04M | - | - | - | - |
| CapEx | -2.98M | -1.11M | -8.87M | -5.19M | -7.37M |