{ "ok": true, "cik": "886128", "ticker": "FCEL", "name": "FUELCELL ENERGY, INC.", "filings": [ { "form": "10-Q", "filed": "2026-09-02", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/886128/000110465926104501/0001104659-26-104501-index.htm" }, { "form": "8-K", "filed": "2026-09-02", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/886128/000110465926104498/0001104659-26-104498-index.htm" }, { "form": "8-K", "filed": "2026-07-21", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/886128/000110465926085427/0001104659-26-085427-index.htm" }, { "form": "8-K", "filed": "2026-07-09", "items": [ "1.01 Entry into a Material Definitive Agreement", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/886128/000110465926082100/0001104659-26-082100-index.htm" }, { "form": "8-K", "filed": "2026-06-24", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.02 Unregistered Sales of Equity Securities", "7.01 Regulation FD Disclosure", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/886128/000110465926077042/0001104659-26-077042-index.htm" }, { "form": "10-Q", "filed": "2026-06-08", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/886128/000110465926071183/0001104659-26-071183-index.htm" } ], "events12m": 14, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000886128.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=886128" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up FUELCELL ENERGY, INC. ($FCEL). Last filing: 10-Q, 2026-09-02. 14 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-10-31", "revenue": 158162000, "revenueGrowth1y": 0.41049834124068063, "revenueGrowthPerYear": 0.22785371659254872, "yearsOfData": 5, "operatingMargin": -1.2161454710992528, "operatingMarginPrior": -1.4134056290800128, "netMargin": -1.2099745830224706, "operatingCashFlow": -125291000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": 34079000, "researchShareOfRevenue": 0.21546894955804807, "cash": 278099000, "longTermDebt": 119643000, "longTermDebtChange": -0.09128677978459998, "revenueHistory": [ { "fiscalYearEnd": "2021-10-31", "revenue": 69585000 }, { "fiscalYearEnd": "2022-10-31", "revenue": 130484000 }, { "fiscalYearEnd": "2023-10-31", "revenue": 123394000 }, { "fiscalYearEnd": "2024-10-31", "revenue": 112132000 }, { "fiscalYearEnd": "2025-10-31", "revenue": 158162000 } ], "totalEquity": 662179000, "totalAssets": 932146000, "equityRatio": 0.7103812063775418, "returnOnEquity": -0.28900342656592853, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 154495668.4949796, "high": 248313398.22253442, "baseline": 195861648.70053196, "n": 4309, "band": "b01" }, "ifPaceHeld": { "low": 154495668.4949796, "high": 248313398.22253442 } }, "edgarette": "🔖 Exposure: revenue $158.2M (FY2025), total debt $119.6M. Experience: revenue up 41.0% on the year, up 22.8% a year over 4 years; operating margin -121.6%, up from -141.3%. Soundness: equity 71.0% of assets, return on equity -28.9%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $154.5M and $248.3M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (8 filers, $50M+ revenue, its industry group): operating margin -121.6% against a 5.2% median; growth 41.0% against 7.5%.", "peers": { "sic": 3620, "sicDescription": "Electrical Industrial Apparatus", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "362", "growth": [ 0.0747, 8 ], "opMargin": [ 0.0523, 8 ], "equityRatio": [ 0.5094, 8 ] }, "summary": "Fuelcell Energy, Inc. (FCEL) grew revenue 41.0% in FY2025 to $158 million, operating margin -122% against a 5.2% median for electrical industrial apparatus, equity 71.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
FUELCELL ENERGY, INC. against its own record and its peers
Operating marginPeer median 5.2%-121.6%Revenue, on the yearPeer median 7.5%41.0%Equity of assetsPeer median 50.9%71.0%Return on equity-28.9%Gold tick: the median of 8–8 peers with $50M+ revenue in electrical industrial apparatus
", "chartHorizon": null, "backtest": { "tests": 13, "hits": 6, "rate": 0.46153846153846156, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:20:47.735Z", "hash": "3d9a00519fa11ef2", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Fuelcell Energy, Inc. (FCEL) grew revenue 41.0% in FY2025 to $158 million, operating margin -122% against a 5.2% median for electrical industrial apparatus, equity 71.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-10-31", "revenue": 158162000, "totalDebt": 119643000, "cash": 278099000 }, "experience": { "revenueGrowth1y": 0.41049834124068063, "revenueGrowthPerYear": 0.22785371659254872, "operatingMargin": -1.2161454710992528, "operatingMarginPrior": -1.4134056290800128, "netMargin": -1.2099745830224706, "freeCashFlow": null }, "soundness": { "equityRatio": 0.7103812063775418, "returnOnEquity": -0.28900342656592853, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3620, "sicDescription": "Electrical Industrial Apparatus", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "362", "growth": [ 0.0747, 8 ], "opMargin": [ 0.0523, 8 ], "equityRatio": [ 0.5094, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 154495668.4949796, "high": 248313398.22253442, "baseline": 195861648.70053196, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4309, "sizeBand": "b01" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 13, "hits": 6, "rate": 0.46153846153846156, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:20:47.735Z", "hash": "3d9a00519fa11ef2", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000886128.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=886128" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }