The Tip Desk

FUELCELL ENERGY INC

Company Stats

Market Cap
$1.3B
as of Sep 30, 2026
Shares Outstanding
80.0M
Free Float
55.0%

Income Statement

Revenue
$158.2M
Operating Income
-$192.3M
Net Income
-$187.9M
EBITDA
-$151.9M
Non-cash Impairment
$65.8M
Revenue Growth, 3Y
6.6%
FCF Margin, 3Y Avg
-138.5%
FCF Margin, Worst Year
-178.9%

Cash Flow

Free Cash Flow
-$143.9M
FCF Yield
-11.0%
Owner FCF Yield
-11.8%

Balance Sheet

Cash & Equivalents
$278.1M

Returns & Capital

SBC, 3Y Avg
$11.6M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$158.2M-$143.9M-91.0%
FY2024$112.1M-$200.6M-178.9%
FY2023$123.4M-$179.6M-145.6%
FY2022$130.5M-$133.2M-102.1%
FY2021$69.6M-$76.8M-110.4%

Annual filing data through FY ended October 31, 2025; shares and float as of October 24, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage