Fusion Fuel Green PLC (HTOO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 6-K for Q2 FY2025, filed Sep 10, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HTOO SEC filings page.
Fusion Fuel Green PLC (HTOO) reported $1.7M in revenue for fiscal year 2024, down 63.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Gross margin recovered, but tiny revenue still cannot support operating costs, leaving cash generation deeply negative.
The shift from a-384.7% gross margin in FY2023 to27.2% in FY2024 did not translate into viable operations: gross profit was only$452K against an operating loss of$17.8M . That gap indicates costs below production consumed far more than the improved product-level economics produced.
Revenue fell
The balance sheet shrank while near-term pressure remained: liabilities fell
Financial Health Signals
Scored against utilities for FY2024. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Fusion Fuel Green PLC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Fusion Fuel Green PLC's reported operating margin for fiscal year 2024 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 23/100.
Fusion Fuel Green PLC's revenue declined 63.8% year-over-year, from $4.6M to $1.7M. This contraction results in a growth score of 1/100.
Fusion Fuel Green PLC carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.
Fusion Fuel Green PLC's current ratio of 0.54 is below the typical benchmark, resulting in a score of 15/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Fusion Fuel Green PLC's reported free cash flow margin for fiscal year 2024 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 1/100.
Fusion Fuel Green PLC posts a -128.8% return on equity (ROE), meaning it loses $129 for every $100 of shareholders' equity. This results in a returns score of 8/100. This is up from -1135.7% the prior year.
Fusion Fuel Green PLC scores -13.55, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $244.7M against total assets of $29.1M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Fusion Fuel Green PLC passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Fusion Fuel Green PLC reported a net loss of $14.3M while operations used $8.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Fusion Fuel Green PLC reported an operating loss of $17.8M against $2K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q2 2025.
Cash & Balance Sheet
Fusion Fuel Green PLC held $404K in cash as of Q2 2025; no long-term debt figure is on record for that period.
Not reported for Q2 2025.
Not reported for Q2 2025.
Margins & Returns
None of these metrics is reported for Q2 2025.
Capital Allocation
None of these metrics is reported for Q2 2025.
HTOO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
HTOO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'256-K | Q4'246-K | Q2'246-K | Q4'2320-F | Q2'236-K | Q4'2220-F | Q3'226-K | Q4'2120-F |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $33.0M-24.9% | $29.1M-37.9% | $43.9M-34.8% | $46.8M-33.0% | $67.4M | $69.9M-10.8% | $58.8M | $78.4M+2.7% |
| Current Assets | $8.1M-30.5% | $7.2M-42.1% | $11.7M-59.7% | $12.5M-69.8% | $29.0M | $41.4M-22.6% | $26.0M | $53.5M-27.3% |
| Cash & Equivalents | $404K-8.3% | $222K-82.5% | $440K-41.6% | $1.3M-85.5% | $753K | $8.7M+0.5% | $3.5M | $8.7M-87.7% |
| Inventory | $942K-83.5% | $1.2M-71.2% | $5.7M+42.0% | $4.1M-78.4% | $4.0M | $18.8Mn/m | $11.8M | $0 |
| Accounts Receivable | N/A | N/A | N/A | $5.4M-38.3% | $4.9M | $8.8M-8.0% | $10.6M | $9.6M+255.4% |
| Goodwill | $22.4M | $19.7M-6.4% | N/A | $21.0M+267.0% | $5.7M | $5.7M+31.5% | $5.2M | $4.4M+61.6% |
| Total Liabilities | $23.4M-44.1% | $18.0M-58.8% | $41.9M-11.9% | $43.8M+13.8% | $47.6M | $38.5M+72.5% | $16.0M | $22.3M-66.8% |
| Current Liabilities | $19.7M-5.0% | $13.5M-40.2% | $20.8M-31.8% | $22.5M-17.2% | $30.5M | $27.2M+24.4% | $15.1M | $21.9M-67.5% |
| Non-Current Liabilities | $3.7M-82.6% | $4.6M-78.5% | $21.1M+23.5% | $21.3M+88.3% | $17.1M | $11.3M+2332.3% | $884K | $465Kn/m |
| Long-Term Debt | N/A | $111K-92.4% | N/A | $1.5M | $452K | N/A | N/A | N/A |
| Total Equity | $9.6M+381.6% | $11.1M+266.6% | $2.0M-90.0% | $3.0M-90.4% | $19.7M | $31.4M-44.0% | $42.8M | $56.0M+522.2% |
| Retained Earnings | -$282.5Mn/m | -$244.7Mn/m | -$238.6Mn/m | -$246.5Mn/m | -$224.5M | -$205.2Mn/m | -$171.2M | -$186.1Mn/m |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
HTOO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'256-K | Q4'246-K | Q2'246-K | Q4'2320-F | Q2'236-K | Q4'2220-F | Q3'226-K | Q4'2120-F |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | -$6.9M-733.8% | -$6.6M | $1.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $206K-97.5% | $1.9M | $8.4M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$7.2Mn/m | -$8.5M | -$7.3M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | $8.2Mn/m | $6.6M | -$1.7M |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | $527Kn/m | $1.9M | -$274K |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.
HTOO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Note: The current ratio is below 1.0 (0.54), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Fusion Fuel Green PLC HTOO | FY2024 | $1.7M | -$14.3M | N/A | $13.0M | 24/100 |
| Eco Wave Power Global AB (publ) WAVE | FY2025 | $38K | -$3.7M | N/A | $24.9M | — |
| NextNRG, Inc. NXXT | FY2025 | $81.8M | -$85.7M | N/A | $8.7M | 44/100 |
| Verde Clean Fuels, Inc. VGAS | FY2025 | N/A | -$7.0M | N/A | $44.9M | — |
Where Fusion Fuel Green PLC Ranks
Frequently Asked Questions
What is Fusion Fuel Green PLC's annual revenue?
Fusion Fuel Green PLC (HTOO) reported $1.7M in total revenue for fiscal year 2024. This represents a -63.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fusion Fuel Green PLC's revenue growing?
Fusion Fuel Green PLC (HTOO) revenue declined by 63.8% year-over-year, from $4.6M to $1.7M in fiscal year 2024.
Is Fusion Fuel Green PLC profitable?
No, Fusion Fuel Green PLC (HTOO) reported a net loss of $14.3M in fiscal year 2024.
What is Fusion Fuel Green PLC's EBITDA?
Fusion Fuel Green PLC (HTOO) had EBITDA of -$15.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Fusion Fuel Green PLC have?
As of fiscal year 2024, Fusion Fuel Green PLC (HTOO) had $222K in cash and equivalents against $111K in long-term debt.
What is Fusion Fuel Green PLC's gross margin?
Fusion Fuel Green PLC (HTOO) had a gross margin of 27.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fusion Fuel Green PLC's return on equity (ROE)?
Fusion Fuel Green PLC (HTOO) has a return on equity of -128.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Fusion Fuel Green PLC's free cash flow?
Fusion Fuel Green PLC (HTOO) recorded an outflow of $8.6M in free cash flow during fiscal year 2024. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fusion Fuel Green PLC's operating cash flow?
Fusion Fuel Green PLC (HTOO) recorded an outflow of $8.6M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are Fusion Fuel Green PLC's total assets?
Fusion Fuel Green PLC (HTOO) had $29.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Fusion Fuel Green PLC's capital expenditures?
Fusion Fuel Green PLC (HTOO) invested $11K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Fusion Fuel Green PLC's current ratio?
Fusion Fuel Green PLC (HTOO) had a current ratio of 0.54 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Fusion Fuel Green PLC's debt-to-equity ratio?
Fusion Fuel Green PLC (HTOO) had a debt-to-equity ratio of 0.01 as of fiscal year 2024. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Fusion Fuel Green PLC's liabilities-to-equity ratio?
Fusion Fuel Green PLC (HTOO) had a liabilities-to-equity ratio of 1.63 as of fiscal year 2024, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Fusion Fuel Green PLC's return on assets (ROA)?
Fusion Fuel Green PLC (HTOO) had a return on assets of -49.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Fusion Fuel Green PLC's P/E ratio?
Fusion Fuel Green PLC (HTOO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2024). The market capitalization is $13.0M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Fusion Fuel Green PLC's price-to-sales ratio?
Fusion Fuel Green PLC (HTOO) trades at 7.8x sales, its market capitalization divided by $1.7M revenue, FY2024. The market capitalization is $13.0M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Fusion Fuel Green PLC's Altman Z-Score?
Fusion Fuel Green PLC (HTOO) has an Altman Z-Score of -13.55, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Fusion Fuel Green PLC's Piotroski F-Score?
Fusion Fuel Green PLC (HTOO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fusion Fuel Green PLC's earnings high quality?
Fusion Fuel Green PLC (HTOO) reported a net loss of $14.3M while operations used $8.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Fusion Fuel Green PLC cover its interest payments?
Fusion Fuel Green PLC (HTOO) reported an operating loss of $17.8M against $2K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Fusion Fuel Green PLC?
Fusion Fuel Green PLC (HTOO) scores 24 out of 100 on our Financial Health Score, indicating weak standing within its utilities peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.