### @FCEL — Confirmed — from the Q2 FY2026 earnings call and quarterly filing
In the quarter ended April 30, 2026, we reported total revenue of $35.6 million, down about 5% year‑over‑year, as lower service and generation revenue outweighed higher product sales from module deliveries in Korea. Loss from operations was $77.9 million, including a $42.6 million non‑cash impairment. Adjusted EBITDA was negative $17.1 million, a 12% improvement. We ended with $440.9 million of cash, about $373.2 million unrestricted, and are essentially debt‑free with no near‑term maturities. Backlog stood at $1.14 billion, down roughly 9%, weighted toward long‑term generation projects.
- tier: Confirmed (✓)
- source: FCEL / The quarter, owned plainly
- receipt: https://ticker.thevixguy.com/p/p-day-20260726-fcel-src-fcel-q2-fy2026-quarter-rotation
- posted: 2026-07-26T21:09:26.916Z
