Company research / FTEK

Fuel Tech, Inc. (FTEK)

SEC name FUEL TECH, INC. · CIK 0000846913 · Nasdaq · Industrial & Commercial Fans & Blowers & Air Purifing Equip

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Fuel Tech, Inc. reported revenue of $26.68M. Revenue grew 6.1% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $27.30M.

Key ratios (year ended 2025-12-31)

46.4%
Gross margin
-13.8%
Operating margin
-8.7%
Net margin
-5.8%
Return on year-end equity
6.1%
Revenue growth (YoY)

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Latest selected filing: Form 8-K (current report) · 2026-09-18

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$27.30M$26.68M$25.13M$27.08M$26.94M$24.26M$22.55M$30.47M$56.53M$45.17M$55.16M
Cost of Revenue$15.09M$14.29M$14.51M$15.43M$15.30M$12.36M$11.91M$19.64M$36.47M$27.14M$36.37M
Gross Profit$12.21M$12.38M$10.62M$11.66M$11.64M$11.90M$10.64M$10.83M$20.06M$18.02M$18.79M
R&D Expense$2.12M$2.01M$1.56M$1.51M$895.0K$1.33M$1.18M$1.13M$1.07M$1.07M$1.75M
Operating Income-$4.58M-$3.68M-$4.70M-$2.66M-$1.53M-$1.49M-$4.34M-$8.24M$110.0K-$7.07M-$12.02M
Net Income-$3.48M-$2.32M-$1.94M-$1.54M-$1.44M$54.0K-$4.28M-$7.85M-$28.0K-$10.45M-$17.39M
EPS (Diluted)n/a-$0.08-$0.06-$0.05-$0.05$0.00-$0.17-$0.32$0.00-$0.44-$0.74
Total Assets$43.19M$47.18M$48.80M$50.39M$50.12M$49.97M$30.09M$31.61M$51.72M$50.48M$57.79M
Total Liabilities$5.83M$7.25M$6.84M$6.67M$5.28M$3.77M$7.77M$5.43M$17.67M$16.31M$14.40M
Shareholders' Equity$37.37M$39.93M$41.95M$43.71M$44.84M$46.20M$22.32M$26.18M$34.05M$34.17M$42.69M
Cash & Equivalents$7.62M$11.94M$8.51M$17.58M$23.33M$35.89M$10.64M$10.91M$12.04M$8.37M$11.83M
Operating Cash Flow-$212.0K$3.02M-$3.43M$696.0K-$4.14M$761.0K-$2.71M-$3.39M$4.93M-$3.57M-$2.74M
Capital Expenditures$972.0K$674.0K$378.0K$418.0K$206.0K$84.0K$247.0K$550.0K$570.0K$492.0K$940.0K
Free Cash Flow-$1.18M$2.34M-$3.81M$278.0K-$4.34M$677.0K-$2.95M-$3.94M$4.36M-$4.06M-$3.68M
Shares Outstanding31.22M31.07M30.71M30.39M30.30M30.26M25.23M24.59M24.17M24.13M23.45M
Weighted Average Diluted Sharesn/a30.94M30.57M30.35M30.29M29.69M24.69M24.20M24.16M23.87M23.36M
EPS (Basic)n/a-$0.08-$0.06-$0.05-$0.05$0.00-$0.17-$0.32$0.00-$0.44-$0.01

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