v3.25.2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Revenues:        
Total revenues $ 46,743 $ 23,695 $ 103,146 $ 62,806
Costs of revenues:        
Total costs of revenues 51,877 29,897 122,922 87,807
Gross loss (5,134) (6,202) (19,776) (25,001)
Operating expenses:        
Administrative and selling expenses 14,066 14,599 45,566 48,659
Research and development expenses 7,646 12,816 28,623 43,796
Restructuring expense 4,051   5,593  
Impairment expense 64,467   64,467 1,107
Total costs and expenses 90,230 27,415 144,249 92,455
Loss from operations (95,364) (33,617) (164,025) (117,456)
Interest expense (2,548) (2,555) (7,703) (7,168)
Interest income 2,144 3,269 6,357 10,726
Other income (expense), net 3,912 (2,218) 3,464 (3,278)
Loss before provision for income taxes (91,856) (35,121) (161,907) (117,176)
Provision for income taxes (40) (2) (124) (2)
Net loss (91,896) (35,123) (162,031) (117,178)
Net loss attributable to noncontrolling interests (240) (2,463) (4,000) (32,585)
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)
Loss per share basic and diluted:        
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (3.78) $ (1.99) $ (7.22) $ (5.56)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (3.78) $ (1.99) $ (7.22) $ (5.56)
Basic weighted average shares outstanding (in shares) 24,441,294 16,772,791 22,233,074 15,646,242
Diluted weighted average shares outstanding (in shares) 24,441,294 16,772,791 22,233,074 15,646,242
Net loss $ (91,896) $ (35,123) $ (162,031) $ (117,178)
Other comprehensive (loss) income:        
Foreign currency translation adjustments (374) 141 (320) 96
Total comprehensive loss (92,270) (34,982) (162,351) (117,082)
Comprehensive loss attributable to noncontrolling interests (240) (2,463) (4,000) (32,585)
Comprehensive loss attributable to FuelCell Energy, Inc. (92,030) (32,519) (158,351) (84,497)
Product        
Revenues:        
Total revenues 26,000 250 39,099 250
Costs of revenues:        
Total costs of revenues 29,083 4,181 48,380 9,510
Service        
Revenues:        
Total revenues 3,130 1,411 13,122 4,397
Costs of revenues:        
Total costs of revenues 3,642 1,146 14,377 4,301
Generation        
Revenues:        
Total revenues 12,355 13,402 35,825 38,013
Costs of revenues:        
Total costs of revenues 15,330 18,761 49,035 61,079
Advanced Technologies        
Revenues:        
Total revenues 5,258 8,632 15,100 20,146
Costs of revenues:        
Total costs of revenues $ 3,822 $ 5,809 $ 11,130 $ 12,917