HTOO

MKT CAP:$6M

Fusion Fuel Green PLC

Market Cap

$6M

Utilities·Renewable Utilities·🇮🇪 Ireland·NASDAQ

Utilities·Renewable·🇮🇪·NASDAQ

Stock Price

$3.23-$0.35 (-9.78%)

Apr 21, 2026

Company Details

Fusion Fuel Green PLC focuses on the production of hydrogen in Portugal, Southern Europe, and Morocco. The company intends to provide hydrogen generators to clients that operate their own green hydrogen plants; green hydrogen as an output f...

CEO

John-Paul Backwell

IPO Date

Dec 10, 2020

Website

www.fusion-fuel.eu

Key Metrics TTM

Revenue

$5M

+662.8% YoY

Net Income

-$29M

EPS (Diluted)

-$1.85

Free Cash Flow

-$21M

Revenue / Share

$0.27

Gross Margin

-110.5%

Operating Margin

-421.1%

Net Margin

-571.4%

FCF Margin

-404.3%

P/S

1.2x

P/E

—

Earnings Reports

Q3 2024

May 8, 2026

PENDING

FY 2024

May 9, 2025

$2M-61.3%EPS -$0.88

Q2 2024

Mar 10, 2025

$293.5KEPS -$0.18

Q1 2024

Mar 30, 2024

$0-100.0%EPS -$0.32

FY 2023

Apr 30, 2024

$5MEPS -$2.48

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 19	$0	$0	-$285
Q4 19	$0	$0	-$286
Q1 20	$0	$0	-$128.7K
Q3 20	$0	$0	-$3M
Q4 20	$0	$0	-$3M
Q1 21	$0	$0	-$7M
Q3 21	$0	$0	-$8M
Q4 21	$0	$0	$15M
Q2 22	$0	-$385.8K	-$5M
Q4 22	$0	-$9M	-$22M
Q1 23	$673.6K	-$623.2K	-$11M
Q2 23	$0	-$4M	-$11M
Q3 23	$2M	-$3M	-$11M
Q4 23	$2M	-$3M	-$11M
Q1 24	$0	-$63.1K	$0
Q2 24	$293.5K	$293.5K	$0

Valuation

Quarter	P/S	P/E
Q3 19	—	—
Q4 19	—	—
Q1 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	—	—
Q3 21	—	—
Q4 21	—	—
Q2 22	—	0.2x
Q4 22	—	0.9x
Q1 23	9.2x	—
Q2 23	9.2x	—
Q3 23	2.0x	—
Q4 23	1.1x	—
Q1 24	1.3x	—
Q2 24	1.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 19	-$578	-$5.2K
Q2 19	-$575	-$5.2K
Q3 19	-$7	$4.6K
Q4 19	-$8	$4.6K
Q1 20	-$19.3K	-$26.4K
Q3 20	-$243.2K	-$243.2K
Q4 20	-$2M	-$2M
Q1 21	$0	$0
Q3 21	$0	$0
Q4 21	$1M	-$8M
Q2 22	-$10M	-$13M
Q4 22	-$8M	-$8M
Q1 23	-$3M	-$6M
Q2 23	-$3M	-$6M
Q3 23	-$3M	-$4M
Q4 23	-$3M	-$4M

Capital Expenditures

Quarter	CapEx
Q1 19	$4.6K
Q2 19	$4.6K
Q3 19	$4.6K
Q4 19	$4.6K
Q1 20	$7.1K
Q3 20	$0
Q4 20	$7.1K
Q1 21	$0
Q3 21	$0
Q4 21	$10M
Q2 22	$4M
Q4 22	$699.2K
Q1 23	$3M
Q2 23	$3M
Q3 23	$2M
Q4 23	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 20	—	+14461.1%
Q3 20	—	+302416.6%
Q4 20	—	+935965.6%
Q1 21	—	+2603981.6%
Q3 21	—	+6120.8%
Q4 21	—	-658.5%
Q2 22	—	+105.6%
Q4 22	—	+192.5%
Q1 23	—	+43.9%
Q2 23	—	+172.7%
Q3 23	—	+141.1%
Q4 23	—	-39.3%
Q1 24	-100.0%	-100.0%
Q2 24	—	-97.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 19	$0	—
Q2 19	$0	—
Q3 19	$0	—
Q4 19	$0	—
Q1 20	$0	—
Q3 20	$840.6K	—
Q4 20	$840.6K	—
Q1 21	$6M	—
Q3 21	$6M	—
Q4 21	-$18M	—
Q2 22	$1M	—
Q4 22	$1M	—
Q1 23	$97.6K	14.5%
Q2 23	$97.6K	—
Q3 23	$716.7K	29.6%
Q4 23	$716.7K	29.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 19	—	$855	—	—
Q4 19	—	$855	—	—
Q1 20	—	$123.7K	$5.0K	—
Q3 20	—	$2M	$840.6K	—
Q4 20	—	$2M	$830.7K	—
Q1 21	—	$2M	$6M	—
Q3 21	—	$8M	—	—
Q4 21	$2M	$3M	$12M	—
Q2 22	$233.8K	$4M	$1M	—
Q4 22	$2M	$8M	$1M	—
Q1 23	$839.5K	$6M	$97.6K	—
Q2 23	$839.5K	$6M	$97.6K	—
Q3 23	—	$3M	$716.7K	—
Q4 23	$864.6K	$3M	$716.7K	—
Q1 24	—	—	—	$5M
Q2 24	—	—	—	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 20	$9.8K	$0	$9.8K
Q4 20	$68M	$0	$68M
Q1 21	$59M	$0	$59M
Q2 21	$59M	$0	$59M
Q4 21	$9M	$32M	$41M
Q1 22	$2M	$10M	$12M
Q2 22	$2M	$10M	$12M
Q3 22	$4M	$0	$4M
Q4 22	$6M	$0	$6M
Q1 23	$7M	$0	$7M
Q2 23	$526.1K	$3M	$4M
Q3 23	$1M	$0	$1M
Q4 23	$1M	$0	$1M
Q1 24	$0	$0	$0
Q2 24	$480.5K	$0	$480.5K
Q2 25	$401.0K	$0	$401.0K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 19	0	—	—
Q4 19	0	—	—
Q1 20	42K	—	—
Q3 20	7M	+15466.8%	—
Q4 20	3M	-51.8%	—
Q1 21	13M	+303.3%	—
Q3 21	14M	+10.5%	+33313.6%
Q4 21	13M	-4.2%	+105.6%
Q2 22	13M	-3.5%	+312.1%
Q4 22	14M	+6.2%	+8.5%
Q1 23	14M	+5.0%	+3.1%
Q2 23	14M	0.0%	+7.6%
Q3 23	15M	+2.9%	+14.7%
Q4 23	15M	0.0%	+8.0%
Q1 24	19M	+30.5%	+34.3%
Q2 24	19M	-2.4%	+31.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 19	—	—
Q4 19	—	—
Q1 20	—	—
Q3 20	—	—
Q4 20	$0	19
Q1 21	$0	19
Q3 21	$0	19
Q4 21	$0	80
Q2 22	$0	80
Q4 22	$0	150
Q1 23	$4.5K	150
Q2 23	$0	150
Q3 23	$16.2K	150
Q4 23	$807.5K	3
Q1 24	$0	3
Q2 24	$97.8K	3

Revenue / Employee