Fuel Tech, Inc. income statement FTEK

Annual Quarterly

In Q3 of fiscal 2026, the quarter ended Sep 30, 2026, Fuel Tech, Inc. reported revenue of $8.7 million, up 15.8% from the same quarter a year earlier. It recorded a net loss of $267,000. The operating loss came to $523,000, an operating margin of -6.0%. Diluted earnings per share were -$0.01.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Sep 30, 2026	Q3 FY2026 Sep 30, 2026	Q2 FY2026 Jun 30, 2026	Q1 FY2026 Mar 31, 2026	Q4 FY2025 Dec 31, 2025	Q3 FY2025 Sep 30, 2025	Q2 FY2025 Jun 30, 2025	Q1 FY2025 Mar 31, 2025	Q4 FY2024 Dec 31, 2024
Revenue	28 +15.3%	9 +15.8%	6 +16.7%	6 -4.7%	7 +37.2%	7 -4.6%	6 -21.1%	6 +28.7%	5 -16.7%
Cost of revenue	16 +20.3%	5 +24.6%	4 +25.8%	3 +0.4%	4 +31.7%	4 -13.8%	3 -25.9%	3 +16.9%	3 -1.7%
Gross profit	12 +9.4%	4 +6.7%	3 +5.8%	3 -10.6%	3 +44.7%	4 +7.5%	3 -14.3%	3 +45.8%	2 -31.1%
Research and development	2 +27.7%	1 +71.3%	1 +31.8%	1 -8.1%	1 +24.4%	0 +24.7%	0 +16.1%	1 +51.6%	0 +10.4%
Selling, general and administrative	15 +9.3%	4 +14.0%	4 +7.4%	4 +11.2%	4 +5.3%	3 -0.6%	3 +3.1%	3 -0.1%	4 +7.3%
Operating expenses	18 +11.5%	4 +21.1%	4 +10.5%	4 +8.4%	5 +7.1%	4 +2.0%	4 +4.6%	4 +5.1%	4 +7.6%
Operating income	-5 -16.9%	-1 -13175.0%	-2 -19.6%	-2 -67.6%	-1 +32.7%	0 +102.2%	-1 -82.9%	-1 +43.7%	-2 -164.2%
Interest income	1 -26.2%	0 -20.6%	0 -50.5%	0 -14.0%	0 +1.8%	0 -3.7%	1 +60.8%	0 -10.3%	0 -14.8%
Other non-operating income (expense)	0 +25.0%	0 +280.0%	0 -8.1%	0 +100.0%	-0 -744.4%	-0 +92.1%	0 +352.9%	-0 -103.9%	0 +80.0%
Pretax income	-4 -37.4%	-0 -186.1%	-1 -78.1%	-1 -83.5%	-1 +34.5%	0 +282.7%	-1 -65.1%	-1 -353.1%	-2 -288.1%
Income tax	0 -81.4%	0 -100.0%	0 +150.0%	-0	0 -93.2%	0 +600.0%	0 -33.3%	0 -100.0%	0 -14.5%
Net income	-4 -34.7%	-0 -188.1%	-1 -78.5%	-1 -83.4%	-1 +36.3%	0 +278.8%	-1 -63.7%	-1 -363.0%	-2 -249.4%
Basic EPS	-0.13 -33.4%	-0.01 -200.0%	-0.04 -100.0%	-0.04 -100.0%	-0.04 +37.1%	0.01	-0.02 -100.0%	-0.02 -300.0%	-0.06 -245.7%
Diluted EPS	-0.13 -33.4%	-0.01 -200.0%	-0.04 -100.0%	-0.04 -100.0%	-0.04 +37.1%	0.01	-0.02 -100.0%	-0.02 -300.0%	-0.06 -245.7%
Weighted average shares, basic	31 +1.0%	31 +0.5%	31 +1.0%	31 +1.2%	31 +1.2%	31 +1.2%	31 +1.3%	31 +1.1%	31 +1.1%
Weighted average shares, diluted	31 +1.0%	31 -0.2%	31 +1.0%	31 +1.2%	31 +1.2%	31 +1.4%	31 +1.3%	31 -0.1%	31 +1.1%
Other measures
Depreciation and amortization	1 +10.1%	0 +12.9%	0 +9.2%	0 +6.7%	0 +11.6%	0 +87.4%	0 +101.2%	0 +105.0%	0 +355.9%
EBITDA	-4 -18.0%	-0 -303.0%	-1 -21.1%	-1 -80.3%	-1 +36.2%	0 +281.5%	-1 -80.6%	-1 +51.1%	-2 -155.7%
Margins
Gross margin	43.73%	45.01%	41.25%	43.49%	44.63%	48.88%	45.50%	46.36%	42.31%
Operating margin	-17.93%	-6.03%	-24.13%	-26.25%	-19.66%	0.05%	-23.53%	-14.92%	-40.05%
Pretax margin	-14.17%	-3.08%	-18.81%	-22.30%	-16.49%	4.14%	-12.32%	-11.58%	-34.53%
Profit margin	-14.22%	-3.08%	-18.97%	-22.29%	-16.54%	4.05%	-12.40%	-11.58%	-35.64%
EBITDA margin	-15.44%	-3.91%	-21.39%	-23.37%	-17.28%	2.23%	-20.60%	-12.35%	-37.12%
Effective tax rate	—	—	—	—	—	2.26%	—	—	—

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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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)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.