FuelCell Energy (FCEL) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, December 18, 2025 astatine 10:27 AM CST 39 min read

Image source: The Motley Fool.

Thursday, December 18, 2025 astatine 10 a.m. ET

• President & Chief Executive Officer — Jason Few

• Executive Vice President, Chief Financial Officer — Michael Bishop

Need a punctuation from a Motley Fool analyst? Email [email protected]

Michael Bishop: Thank you, operator. Good morning, everyone, and convey you for joining america connected the telephone today. This morning, FuelCell Energy released our fiscal results for the 4th fourth and fiscal twelvemonth 2025, and our net property merchandise is disposable successful the Investors conception of our website astatine www.fuelcellenergy.com. In summation to this telephone and our net property release, we person posted a descent presumption connected our website. This webcast is being recorded and volition beryllium disposable for replay connected our website astir 2 hours aft we conclude. Before we begin, delight enactment that immoderate accusation that you volition perceive oregon beryllium provided with contiguous consists of forward-looking statements wrong the meaning of the Securities and Exchange Act of 1934.

Such statements explicit our expectations, beliefs, and intentions regarding the future, and see statements concerning our anticipated fiscal results, plans and expectations regarding the continuing development, commercialization, and financing of our substance compartment technology, our anticipated marketplace opportunities, and our concern plans and strategies. Our existent aboriginal results could disagree materially from those described oregon implied by specified forward-looking statements due to the fact that of a fig of risks and uncertainties. More accusation regarding specified risks and uncertainties is disposable successful the harmless harbor connection successful the descent presumption and successful our filings with the SEC, peculiarly the Risk Factors conception of our astir caller Form 10-Ks and immoderate subsequently filed quarterly reports connected Form 10-Q.

During this call, we volition beryllium discussing definite non-GAAP fiscal measures and we notation you to our website, our net property release, and the appendix of the descent presumption for the reconciliation of those measures to GAAP fiscal measures. Our property merchandise and a transcript of today's webcast presumption are disposable connected our website nether the Investors tab. For this call, I americium joined by Jason Few, our president and main enforcement officer. During our prepared remarks, the enactment squad volition beryllium disposable to instrumentality your questions. I'll present manus the telephone implicit to Jason for opening remarks. Jason?

Jason Few: Thank you, Mike, and bully morning, everyone. Thank you for joining america connected our telephone today. Our 4th fiscal 4th closed a twelvemonth of meaningful advancement for FuelCell Energy. Starting astir 12 months ago, we began a bid of thoughtful restructuring measures to sharpen our absorption and fortify the fundamentals of our business. Through this bid of pugnacious decisions to streamline and absorption our organization, today, we are operating with greater discipline, little cost, and strategical clarity. We are further on connected our way to profitability. The enactment is not finished. But we judge we are connected the close track. During this time, the surrounding marketplace situation has undergone important alteration arsenic well.