Fuel Tech financials
$1.64−0.61%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M | $6.1M | $7.2M | $7.5M | $5.6M | $6.4M | $5.3M | $7.9M | $7.0M | $5.0M | $6.3M | $8.0M |
| Gross profit | $2.7M | $2.6M | $3.2M | $3.7M | $2.5M | $3.0M | $2.2M | $3.4M | $3.0M | $2.0M | $3.2M | $3.6M |
| Gross margin | 41.2% | 43.5% | 44.6% | 48.9% | 45.5% | 46.4% | 42.3% | 43.4% | 41.9% | 40.9% | 51.1% | 45.2% |
| Operating income | -$1.6M | -$1.6M | -$1.4M | $4.0K | -$1.3M | -$952.0K | -$2.1M | -$179.0K | -$715.0K | -$1.7M | -$801.0K | $133.0K |
| Net income | -$1.2M | -$1.4M | -$1.2M | $303.0K | -$689.0K | -$739.0K | -$1.9M | $80.0K | -$421.0K | $281.0K | -$539.0K | $459.0K |
| Net margin | −19.0% | −22.3% | −16.5% | 4.0% | −12.4% | −11.6% | −35.6% | 1.0% | −6.0% | 5.7% | −8.5% | 5.7% |
| Diluted EPS | $-0.04 | $-0.04 | $-0.04 | $0.01 | $-0.02 | $-0.02 | $-0.06 | $0.00 | $-0.01 | $0.01 | $-0.02 | $0.01 |
| EBITDA | -$1.4M | -$1.4M | -$1.2M | $176.0K | -$1.1M | -$779.0K | -$1.9M | -$81.0K | -$619.0K | -$1.6M | -$752.0K | $242.0K |
| Operating cash flow | -$894.0K | -$847.0K | -$1.6M | $3.1M | -$21.0K | $1.5M | -$1.6M | $879.0K | -$1.6M | -$1.1M | -$14.0K | $490.0K |
| Free cash flow | -$971.0K | -$1.2M | -$2.0M | $3.0M | -$57.0K | $1.4M | -$1.7M | $767.0K | -$1.7M | -$1.2M | -$231.0K | $392.0K |
| Diluted shares | 31.2M | 31.1M | 30.9M | 31.3M | 30.9M | 30.7M | 30.2M | 30.8M | 30.5M | 30.8M | 30.1M | 30.6M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $7.6M | $9.1M | $11.9M | $13.7M | $10.6M | $11.8M |
| Short-term investments | $12.0M | $12.5M | $12.9M | $12.2M | $12.4M | $10.0M |
| Total debt | $76.0K | $76.0K | $76.0K | $76.0K | $0.00 | $76.0K |
| Total assets | $43.2M | $44.5M | $47.2M | $47.9M | $47.0M | $46.7M |
| Total liabilities | $5.9M | $6.0M | $7.3M | $7.0M | $6.3M | $5.3M |
| Shareholders' equity | $37.3M | $38.5M | $39.9M | $40.9M | $40.7M | $41.4M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology