FuelCell Energy reported revenue growth and a reduced gross loss in Q4 FY2025, driven by increased product and service revenues, and a strategic focus on the data center market. The company also highlighted efforts to strengthen its balance sheet and liquidity.
Total revenues increased by 12% to $55.0 million in Q4 FY2025 compared to the prior year quarter.
positiveGross loss decreased by approximately 39% to $(6.6) million in Q4 FY2025 compared to the prior year quarter.
positiveLoss from operations decreased by approximately 31% to $(28.3) million in Q4 FY2025 compared to the prior year quarter.
positiveTotal backlog increased by approximately 2.6% to $1.19 billion as of October 31, 2025.
positiveNet loss attributable to common stockholders increased by 48% to $(191.1) million for the full fiscal year 2025.
negativeProduct backlog decreased by $45.1 million, primarily due to revenue recognition from the GGE Platform commissioning.
attentionAdvanced Technologies contract backlog decreased by $16.5 million.
attentionSignificant non-cash impairment expense of $65.8 million recognized in the full fiscal year 2025 related to prior investments in solid oxide technology.
negativeMargin metrics will be available once backend extracts data from insights_json
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Product | $30030.0B | $25425.0B | — | 54.6% |
Generation | $12188.0B | $11962.0B | — | 22.2% |
Service | $7276.0B | $5572.0B | — | 13.2% |
Advanced Technologies | $5522.0B | $6367.0B | — | 10.0% |
| Total Revenue | $55016.0B | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Strategy is deeply focused on the data center market where significant opportunities exist for efficient, resilient power solutions.
Simplified product line, advanced efficiency, and integrated absorption chilling to help manage thermal loads for high-compute environments.
Sales and marketing focus is increasingly centered on data center opportunities.
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