1. Fourth quarter revenue increased 12% to $55 million. 2. Gross loss decreased 39%, signaling improved operational efficiency. 3. Net loss per share improved by 62% to $(0.85). 4. Backlog increased to $1.19 billion, up 2.6% year-over-year. 5. Focus on data center solutions presents growth opportunities.
FAQ
Why Bullish?
Positive revenue growth and reduced loss improve FCEL's financial outlook, similar to past recoveries.
How important is it?
Improved financial metrics and strategic direction can attract positive investor sentiment.
Why Long Term?
Sustained focus on data center markets and operational improvements may yield longer-term benefits.
FuelCell Energy Reports Revenue Growth and Strategic Focus for FY2025
DANBURY, Conn., Dec. 18, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) has announced its financial results for the fourth quarter and the fiscal year ended October 31, 2025. The company demonstrated significant growth in revenue alongside strategic advancements aimed at capitalizing on the burgeoning data center market.
Fourth Quarter Fiscal 2025 Financial Highlights
- Revenue reached $55.0 million, a 12% increase from $49.3 million in the prior year.
- Gross loss decreased to $(6.6) million, down 39% from a loss of $(10.9) million.
- Loss from operations improved to $(28.3) million, compared to $(41.0) million, a drop of 31%.
- Net loss per share attributable to common stockholders was $(0.85), markedly better than $(2.21) year-over-year.
- Backlog increased to $1.19 billion, reflecting a growth of approximately 2.6%.
Fiscal Year 2025 Overview
- Total revenue totaled $158.2 million, a notable rise from $112.1 million.
- Gross loss for the year was $(26.4) million, reduced from $(35.9) million.
- Yearly loss from operations stood at $(192.3) million, as opposed to $(158.5) million.
- Net loss per share attributable to common stockholders was $(7.42), compared to $(7.83).
Leadership Insights and Future Strategies
“Our fourth quarter performance and ongoing cost reductions have positioned us to meet the accelerating demand for electricity and data center projects both in the U.S. and internationally,” stated Jason Few, President and CEO of FuelCell Energy. “Our strategic focus on the data center market presents significant opportunities for our efficient and resilient power solutions.”
Few emphasized the company's proactive approach: “We’re simplifying our product line and have integrated critical features to assist in thermal management—key for high-compute environments.”
Michael Bishop, EVP and CFO, highlighted the company’s strong financial position, noting, “At fiscal year-end 2025, we had unrestricted cash and cash equivalents totaling $278.1 million. Coupled with financing from the Export-Import Bank of the United States, we believe we have the necessary resources to pursue growth in the rapidly expanding data center market.”
Detailed Financial Performance Metrics
The consolidated financial metrics for the fourth quarter and the fiscal year are as follows:
- Total revenues for Q4 2025 were $55,016 compared to $49,326 in Q4 2024.
- Gross loss in Q4 2025 was $(6,632), improving from $(10,917) in the same quarter last year.
- Loss from operations decreased to $(28,323) from $(41,032).
- Net loss attributable to common stockholders lowered to $(30,668), down from $(42,216).
- EBITDA for Q4 2025 was $(18,505), a drop of 43% year-over-year.
Revenue Streams and Future Growth
FuelCell Energy's revenue for Q4 2025 included:
- Product revenues: $30.0 million, driven primarily by the company’s long-term service agreement with Gyeonggi Green Energy Co., Ltd., which generated significant revenue.
- Service agreements revenue rose to $7.3 million, supported by ongoing work with GGE.
- Generation revenues increased slightly to $12.2 million, reflecting higher outputs from the operational portfolio.
- However, Advanced Technologies contract revenues saw a decline to $5.5 million, impacted by reduced demand for certain contracts.