FY2025 · ended Dec 31, 2025 · Revenue $26.68M, +6.1% YoY · Filed Mar 3, 2026
Fuel Tech, Inc. (FTEK) files with the SEC under industry code 3564, Industrial & Commercial Fans & Blowers & Air Purifing Equip. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $26.7 million and a net loss of $2.3 million. Free cash flow was $2.3 million. As of Sep 30, 2026 it held $27.8 million in cash and investments and $522,000 in total debt.
Revenue (TTM)
$28.49M
+15.3% vs year-ago TTM
Net income (TTM)
$-4.05M
-34.7% vs year-ago TTM
Operating cash flow (TTM)
$-4.98M
-269.6% vs year-ago TTM
Free cash flow (TTM)
$-5.92M
-324.3% vs year-ago TTM
EPS (TTM)
$-0.13
-33.4% vs year-ago TTM
Dividend per share
None
Shares outstanding
30.71M
+0.0% vs prior year
Net cash
$27.26M
as of Sep 30, 2026
Operating margin
-17.9%
FY 2026
Company profile
- Industry
- Industrial & Commercial Fans & Blowers & Air Purifing Equip (SIC 3564)
- Listed as
- FTEK (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Warrenville, IL
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 846913
- Former names
- FUEL TECH N V (until Oct 5, 2006)
Other Industrial & Commercial Fans & Blowers & Air Purifing Equip companies
- Madison Air Solutions Corp MAIR
- DONALDSON Co INC DCI
- Ceco Environmental Corp CECO
- Perma-Pipe International Holdings, Inc. PPIH
- Kronos Advanced Technologies Inc KNOS
All 6 Industrial & Commercial Fans & Blowers & Air Purifing Equip companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $26.7M | $25.1M | $27.1M | $26.9M | $24.3M |
| Operating income | -$3.7M | -$4.7M | -$2.7M | -$1.5M | -$1.5M |
| Net income | -$2.3M | -$1.9M | -$1.5M | -$1.4M | $54,000 |
| Diluted EPS | -$0.08 | -$0.06 | -$0.05 | -$0.05 | $0.00 |
| Operating cash flow | $3.0M | -$3.4M | $696,000 | -$4.1M | $761,000 |
| Free cash flow | $2.3M | -$3.8M | $278,000 | -$4.3M | $677,000 |
| Total assets | $47.2M | $48.8M | $50.4M | $50.1M | $50.0M |
| Total liabilities | $7.2M | $6.8M | $6.7M | $5.3M | $3.8M |
| Stockholders' equity | $39.9M | $42.0M | $43.7M | $44.8M | $46.2M |
| Cash and investments | $31.9M | $29.6M | $33.4M | $32.7M | $35.9M |
| Total debt | $580,000 | $625,000 | $614,000 | $191,000 | $235,000 |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 3, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 3, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Sep 18, 2026 | Sep 14, 2026 |
| 8-K |
Current report
Officer or director change
|
Sep 2, 2026 | Aug 27, 2026 |
| 10-Q | Quarterly report | Aug 4, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 4, 2026 | Aug 4, 2026 |
All 1000 Fuel Tech, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.