Filing Flows › Fuelcell Energy (FCEL) › Q3 FY26 › vs Q3 FY25
Fuelcell Energy (FCEL) Q3 FY26 vs Q3 FY25 (year over year)
Fuelcell Energy's revenue fell $13.7M (-29%) from $46.7M in Q3 FY25 to $33.0M in Q3 FY26. The biggest changes: Product −$8.0M (-31%); Generation −$3.6M (-29%); Advanced Technologies −$1.5M (-28%).
Fuelcell Energy, Q3 FY26: revenue $33.0M (-29% year over year), operating margin -141.4%, net loss $45.3M, operating cash flow −$12.2M. The chart draws each line against Q3 FY25, the increases inside each band.
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Product | $18.0M | $26.0M | −$8.0M | -31% |
| Generation | $8.8M | $12.4M | −$3.6M | -29% |
| Advanced Technologies | $3.8M | $5.3M | −$1.5M | -28% |
| Service | $2.4M | $3.1M | −$708K | -23% |
| Revenue | $33.0M | $46.7M | −$13.7M | -29% |
| Other income, net | $1.4M | $3.5M | −$2.1M | -61% |
| Net loss | $45.3M | $91.9M | −$46.6M | -51% |
| Costs & expenses | $79.7M | $142M | −$62.5M | -44% |
| Operating costs | $79.7M | $142M | −$62.4M | -44% |
| Cost of revenue | $57.5M | $51.9M | $5.6M | +11% |
| Research & development | $8.5M | $7.6M | $863K | +11% |
| SG&A | $13.6M | $14.1M | −$418K | -3% |
| Operating cash sources | $45.3M | $91.9M | −$46.6M | -51% |
| Depreciation & amortization | $9.4M | $9.7M | −$359K | -4% |
| Share-based compensation | $2.5M | $1.7M | $761K | +45% |
| Working capital & other | $21.2M | $53.6M | −$32.4M | -60% |
| Cash used in operations | $12.2M | $26.8M | −$14.6M | -55% |
| Net loss absorbed | $45.3M | $91.9M | −$46.6M | -51% |
Questions
How much did Fuelcell Energy's revenue grow year over year in Q3 FY26?
Fuelcell Energy's revenue fell $13.7M (-29%) from $46.7M in Q3 FY25 to $33.0M in Q3 FY26.
What drove Fuelcell Energy's revenue change in Q3 FY26?
Product −$8.0M (-31%); Generation −$3.6M (-29%); Advanced Technologies −$1.5M (-28%).