Fuel Tech, Inc. (FTEK) quarterly income statement — complete revenue, gross profit & net income history
Fuel Tech, Inc. (FTEK) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 8.68M | 6.49M | 6.08M | 7.25M | 7.49M | 5.56M | 6.38M | 5.28M | 7.85M | 7.04M | 4.96M | 6.34M | 7.99M | 5.46M | 7.29M | 7.02M | 8.02M | 6.37M | 5.54M | 6.45M |
| Revenue Growth % | 15.83% | 16.68% | -4.73% | 37.18% | -4.6% | -21.07% | 28.75% | -16.74% | -1.72% | 28.95% | -31.97% | -9.63% | -0.36% | -14.24% | 31.65% | 8.84% | 6.06% | 22.04% | 9.97% | 3.78% |
| Cost of Goods Sold | 4.77M | 3.81M | 3.44M | 4.01M | 3.83M | 3.03M | 3.42M | 3.05M | 4.44M | 4.09M | 2.93M | 3.1M | 4.38M | 3.46M | 4.48M | 4.02M | 4.34M | 3.69M | 3.25M | 3.21M |
| COGS % of Revenue | 54.99% | 58.75% | 56.51% | 55.37% | 51.12% | 54.5% | 53.64% | 57.69% | 56.6% | 58.08% | 59.07% | 48.89% | 54.78% | 63.45% | 61.51% | 57.23% | 54.2% | 57.95% | 58.63% | 49.81% |
| Gross Profit | 3.9M | 2.67M | 2.64M | 3.23M | 3.66M | 2.53M | 2.96M | 2.23M | 3.41M | 2.95M | 2.03M | 3.24M | 3.61M | 2M | 2.81M | 3M | 3.67M | 2.68M | 2.29M | 3.24M |
| Gross Margin % | 45.01% | 41.25% | 43.49% | 44.63% | 48.88% | 45.5% | 46.36% | 42.31% | 43.4% | 41.92% | 40.93% | 51.11% | 45.22% | 36.55% | 38.49% | 42.77% | 45.8% | 42.05% | 41.37% | 50.19% |
| Gross Profit Growth % | 6.66% | 5.77% | -10.65% | 44.7% | 7.46% | -14.33% | 45.84% | -31.08% | -5.68% | 47.9% | -27.66% | 7.99% | -1.63% | -25.47% | 22.49% | -7.26% | -1.26% | 3.68% | -2.88% | 24.39% |
| Operating Expenses | 4.43M | 4.24M | 4.24M | 4.66M | 3.66M | 3.84M | 3.91M | 4.35M | 3.59M | 3.67M | 3.72M | 4.04M | 3.48M | 3.33M | 3.46M | 3.25M | 3.48M | 3.16M | 3.27M | 3.46M |
| OpEx % of Revenue | 51.04% | 65.38% | 69.74% | 64.29% | 48.83% | 69.04% | 61.28% | 82.36% | 45.68% | 52.07% | 75.07% | 63.74% | 43.55% | 60.94% | 47.52% | 46.33% | 43.41% | 49.67% | 59.15% | 53.62% |
| Selling, General & Admin | 3.66M | 3.59M | 3.72M | 4.16M | 3.21M | 3.35M | 3.34M | 3.95M | 3.23M | 3.25M | 3.35M | 3.68M | 2.97M | 2.92M | 3.25M | 3.07M | 3.27M | 2.87M | 3.05M | 3.2M |
| SG&A % of Revenue | 42.15% | 55.42% | 61.12% | 57.33% | 42.82% | 60.22% | 52.35% | 74.69% | 41.08% | 46.08% | 67.48% | 57.95% | 37.13% | 53.38% | 44.53% | 43.78% | 40.83% | 45.13% | 55.18% | 49.56% |
| Research & Development | 771K | 646K | 524K | 504K | 450K | 490K | 570K | 405K | 361K | 422K | 376K | 367K | 513K | 413K | 218K | 179K | 207K | 289K | 220K | 262K |
| R&D % of Revenue | 8.89% | 9.96% | 8.62% | 6.95% | 6.01% | 8.82% | 8.93% | 7.67% | 4.6% | 5.99% | 7.59% | 5.78% | 6.42% | 7.56% | 2.99% | 2.55% | 2.58% | 4.54% | 3.97% | 4.06% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -523K | -1.56M | -1.6M | -1.43M | 4K | -1.31M | -952K | -2.12M | -179K | -715K | -1.69M | -801K | 133K | -1.33M | -658K | -250K | 192K | -485K | -984K | -221K |
| Operating Margin % | -6.03% | -24.13% | -26.25% | -19.66% | 0.05% | -23.53% | -14.92% | -40.05% | -2.28% | -10.15% | -34.13% | -12.62% | 1.67% | -24.39% | -9.03% | -3.56% | 2.39% | -7.62% | -17.78% | -3.43% |
| Operating Income Growth % | -13175% | -19.65% | -67.65% | 32.66% | 102.23% | -82.94% | 43.74% | -164.17% | -234.59% | 46.32% | -157.14% | -220.4% | -30.73% | -174.64% | 33.13% | -13.12% | -66.78% | 29.61% | 14.95% | 86.73% |
| EBITDA | -321K | -1.37M | -1.4M | -1.24M | 176K | -1.14M | -779K | -1.95M | -81K | -619K | -1.6M | -752K | 242K | -1.24M | -568K | -147K | 297K | -361K | -876K | -51K |
| EBITDA Margin % | -3.7% | -21.11% | -22.94% | -17.15% | 2.35% | -20.44% | -12.21% | -36.84% | -1.03% | -8.79% | -32.2% | -11.85% | 3.03% | -22.67% | -7.79% | -2.09% | 3.7% | -5.67% | -15.83% | -0.79% |
| EBITDA Growth % | -282.39% | -20.51% | -79.08% | 36.13% | 317.28% | -83.52% | 51.19% | -158.78% | -133.47% | 50% | -180.99% | -411.56% | -18.52% | -242.94% | 35.16% | -188.24% | -60.87% | 27.94% | 8.27% | 96.49% |
| D&A (Non-Cash Add-back) | 202K | 196K | 201K | 182K | 172K | 172K | 173K | 170K | 98K | 96K | 96K | 49K | 109K | 94K | 90K | 103K | 105K | 124K | 108K | 170K |
| EBIT | -267K | -1.64M | -1.36M | -1.2M | 310K | -685K | -739K | -1.82M | 81K | -415K | 292K | -464K | 464K | -1.04M | -409K | -353K | 318K | -343K | -993K | -241K |
| Net Interest Income | 247K | 266K | 240K | 288K | 311K | 537K | 279K | 283K | 323K | 334K | 311K | 326K | 317K | 302K | 334K | 97K | 88K | 4K | -4K | -3K |
| Interest Income | 247K | 266K | 240K | 288K | 311K | 537K | 279K | 283K | 323K | 334K | 311K | 332K | 322K | 307K | 339K | 101K | 92K | 8K | 1K | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6K | 5K | 5K | 5K | 4K | 4K | 4K | 5K | 3K |
| Other Income/Expense | 256K | 345K | 240K | 230K | 306K | 623K | 213K | 292K | 260K | 300K | 1.98M | 331K | 326K | 288K | 244K | -107K | 122K | 138K | -14K | -19K |
| Pretax Income | -267K | -1.22M | -1.36M | -1.2M | 310K | -685K | -739K | -1.82M | 81K | -415K | 292K | -470K | 459K | -1.04M | -414K | -357K | 314K | -347K | -998K | -240K |
| Pretax Margin % | -3.08% | -18.81% | -22.3% | -16.49% | 4.14% | -12.32% | -11.58% | -34.53% | 1.03% | -5.89% | 5.89% | -7.41% | 5.75% | -19.12% | -5.68% | -5.08% | 3.92% | -5.45% | -18.03% | -3.72% |
| Income Tax | 0 | 10K | -1K | 4K | 7K | 4K | 0 | 59K | 1K | 6K | 11K | 69K | 0 | 0 | 0 | 45K | 0 | 9K | 0 | 4K |
| Effective Tax Rate % | 0% | -0.82% | 0.07% | -0.33% | 2.26% | -0.58% | 0% | -3.23% | 1.23% | -1.45% | 3.77% | -14.68% | 0% | 0% | 0% | -12.61% | 0% | -2.59% | 0% | -1.67% |
| Net Income | -267K | -1.23M | -1.35M | -1.2M | 303K | -689K | -739K | -1.88M | 80K | -421K | 281K | -539K | 459K | -1.04M | -414K | -402K | 314K | -356K | -998K | -244K |
| Net Margin % | -3.08% | -18.97% | -22.29% | -16.54% | 4.05% | -12.4% | -11.58% | -35.64% | 1.02% | -5.98% | 5.67% | -8.49% | 5.75% | -19.12% | -5.68% | -5.73% | 3.92% | -5.59% | -18.03% | -3.78% |
| Net Income Growth % | -188.12% | -78.52% | -83.36% | 36.33% | 278.75% | -63.66% | -362.99% | -249.35% | -82.57% | 59.67% | 167.87% | -34.08% | 46.18% | -193.26% | 58.52% | -64.75% | -53.69% | 54.24% | -350.75% | 84.19% |
| Net Income (Continuing) | -267K | -1.23M | -1.35M | -1.2M | 303K | -689K | -739K | -1.88M | 80K | -421K | 281K | -539K | 459K | -1.04M | -414K | -402K | 314K | -356K | -998K | -244K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.01 | -0.04 | -0.04 | -0.04 | 0.01 | -0.02 | -0.02 | -0.06 | 0.00 | -0.01 | 0.01 | -0.02 | 0.02 | -0.03 | -0.01 | -0.01 | 0.01 | -0.01 | -0.03 | -0.01 |
| EPS Growth % | - | -79.37% | -80.91% | 37.03% | - | -61.59% | - | -246.33% | -82.67% | 59.88% | 166.42% | -33.08% | 45.63% | -191.53% | 58.48% | - | -53.81% | 54.09% | -329.17% | 86.76% |
| EPS (Basic) | -0.01 | -0.04 | -0.04 | -0.04 | 0.01 | -0.02 | -0.02 | -0.06 | 0.00 | -0.01 | 0.01 | -0.02 | 0.02 | -0.03 | -0.01 | -0.01 | 0.01 | -0.01 | -0.03 | -0.01 |
| Diluted Shares Outstanding | 31.22M | 31.18M | 31.09M | 31.07M | 31.29M | 30.87M | 30.72M | 30.71M | 30.85M | 30.48M | 30.76M | 30.39M | 30.63M | 30.32M | 30.3M | 30.3M | 30.37M | 30.3M | 30.27M | 30.26M |
| Basic Shares Outstanding | 31.22M | 31.18M | 31.09M | 31.07M | 31.07M | 30.87M | 30.72M | 30.71M | 30.71M | 30.48M | 30.39M | 30.39M | 30.39M | 30.32M | 30.3M | 30.3M | 30.3M | 30.3M | 30.27M | 30.26M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |