| Schedule of Calculation of Basic and Diluted Loss Per Share |
The calculation of basic and diluted loss per share was as follows (in thousands, except share and per share amounts): | | | | | | | | | | | | | | Three Months Ended July 31, | | Nine Months Ended July 31, | | 2025 | | 2024 | | | 2025 | | 2024 | Numerator | | | | | | | | | | | | | Net loss attributable to FuelCell Energy, Inc. | $ | (91,656) | | $ | (32,660) | | | $ | (158,031) | | $ | (84,593) | Series B preferred stock dividends | | (800) | | | (800) | | | | (2,400) | | | (2,400) | Net loss attributable to common stockholders | $ | (92,456) | | $ | (33,460) | | | $ | (160,431) | | $ | (86,993) | Denominator | | | | | | | | | | | | | Weighted average common shares outstanding – basic | | 24,441,294 | | | 16,772,791 | | | | 22,233,074 | | | 15,646,242 | Effect of dilutive securities (1) | | — | | | — | | | | — | | | — | Weighted average common shares outstanding – diluted | | 24,441,294 | | | 16,772,791 | | | | 22,233,074 | | | 15,646,242 | Net loss to common stockholders per share – basic | $ | (3.78) | | $ | (1.99) | | | $ | (7.22) | | $ | (5.56) | Net loss to common stockholders per share – diluted (1) | $ | (3.78) | | $ | (1.99) | | | $ | (7.22) | | $ | (5.56) |
| (1) | Due to the net loss to common stockholders in each of the periods presented above, diluted loss per share was computed without consideration to potentially dilutive instruments as their inclusion would have been anti-dilutive. As of July 31, 2025 and 2024, potentially dilutive securities excluded from the diluted loss per share calculation are as follows: |
|
| Schedule of Potentially Dilutive Securities Excluded from the Diluted Loss Per Share Calculation |
| | | | | | | | | | July 31, | | July 31, | | | | 2025 | | 2024 | | Outstanding options to purchase common stock | | | 523 | | | 577 | | Unvested Restricted Stock Units | | | 929,358 | | | 559,081 | | 5% Series B Cumulative Convertible Perpetual Preferred Stock | | | 1,261 | | | 1,261 | | Total potentially dilutive securities | | | 931,142 | | | 560,919 | |
|