Filing Flows › Fuelcell Energy (FCEL) › Q2 FY26 › vs Q2 FY25
Fuelcell Energy (FCEL) Q2 FY26 vs Q2 FY25 (year over year)
Fuelcell Energy's revenue fell $1.8M (-5%) from $37.4M in Q2 FY25 to $35.6M in Q2 FY26. The biggest changes: Product +$5.0M (+38%); Service −$4.0M (-49%); Generation −$3.4M (-28%).
Fuelcell Energy, Q2 FY26: revenue $35.6M (-5% year over year), operating margin -218.9%, net loss $77.6M, operating cash flow −$27.3M. The chart draws each line against Q2 FY25, the increases inside each band.
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Product | $18.0M | $13.0M | $5.0M | +38% |
| Generation | $8.7M | $12.1M | −$3.4M | -28% |
| Advanced Technologies | $4.7M | $4.1M | $604K | +15% |
| Service | $4.2M | $8.1M | −$4.0M | -49% |
| Revenue | $35.6M | $37.4M | −$1.8M | -5% |
| Other income, net | $234K | −$1.9M | $2.1M | — |
| Income tax benefit | $50K | −$84K | $134K | — |
| Net loss | $77.6M | $37.7M | $39.9M | +106% |
| Costs & expenses | $114M | $75.2M | $38.3M | +51% |
| Operating costs | $114M | $73.2M | $40.3M | +55% |
| Cost of revenue | $48.5M | $46.8M | $1.7M | +4% |
| Research & development | $7.7M | $9.9M | −$2.2M | -22% |
| SG&A | $14.7M | $16.5M | −$1.8M | -11% |
| Operating cash sources | $77.6M | $37.7M | $39.9M | +106% |
| Depreciation & amortization | $10.8M | $10.9M | −$48K | -0.4% |
| Share-based compensation | $2.6M | $4.8M | −$2.2M | -46% |
| Working capital & other | $36.9M | −$7.8M | $44.7M | — |
| Cash used in operations | $27.3M | $29.9M | −$2.6M | -9% |
| Net loss absorbed | $77.6M | $37.7M | $39.9M | +106% |
Questions
How much did Fuelcell Energy's revenue grow year over year in Q2 FY26?
Fuelcell Energy's revenue fell $1.8M (-5%) from $37.4M in Q2 FY25 to $35.6M in Q2 FY26.
What drove Fuelcell Energy's revenue change in Q2 FY26?
Product +$5.0M (+38%); Service −$4.0M (-49%); Generation −$3.4M (-28%).