FuelCell Energy(US:FCEL)2025-12-18 15:00Financial Performance - Total revenue for fiscal year 2025 was $158.2 million, compared to $112.1 million in fiscal year 2024[31] - The net loss for fiscal year 2025 was $(191.4) million, compared to $(156.8) million in fiscal year 2024[31] - Adjusted EBITDA for fiscal year 2025 was $(74.4) million, compared to $(101.1) million in fiscal year 2024[31] - The company ended fiscal year 2025 with $341.8 million in total cash, restricted cash, and cash equivalents[10] - Backlog as of October 31, 2025, was $1.16 billion, compared to $1.19 billion as of October 31, 2024[34] Operational Highlights - The company is operating at a 41 MW per year annualized production rate as of October 31, 2025[10, 28] - The Torrington, CT factory has the potential to accommodate an estimated annualized production capacity of up to 350 MW per year with additional capital investments[10, 26] - The company commissioned 22 1.4-MW replacement fuel cell modules in fiscal year 2025 and expects to commission 14 more in fiscal year 2026 for Gyeonggi Green Energy (GGE)[39] Strategic Focus - The company is focusing on a data center strategy, leveraging AI-driven demand for new opportunities[9] - The company's systems do not require utility interconnection when operating in off-grid mode and are a durable baseload alternative[12] - The company emphasizes potential margin expansion through higher production utilization and sustained cost discipline in fiscal year 2026[10]