FuelCell Energy Q3 rev $46.7M (+97% YoY); net loss $(92.5M) due to $64.5M impairment

FUELCELL ENERGY INC

2025-Q3 EPS reported -$7.22 revenue$103,146,000

Product revenue $26.0M vs $0.3M YoY; $24M from GGE module delivery and commissioning.
Net loss attributable to common stockholders $(92.5M) vs $(33.5M); includes $64.5M non-cash impairment and $4.1M restructuring.
Adjusted EBITDA $(16.4M) vs $(20.1M); adjusted EPS $(0.95) vs $(1.74).
Backlog $1.24B, up 4% vs $1.20B; management highlights data center demand and restructuring focus.

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