Fuel Tech, Inc.
FTEK · NASDAQ
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 26.94M | 11.64M | -1.53M | -1.44M | -0.05 |
| 2023 FY | 27.08M | 11.66M | -2.66M | -1.54M | -0.05 |
| 2024 FY | 25.13M | 10.62M | -4.70M | -1.94M | -0.06 |
| 2025 FY | 26.68M | 12.38M | -3.68M | -2.32M | -0.08 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 50.12M | 5.28M | 23.33M | 191.00K | 44.84M |
| 2023 FY | 50.39M | 6.67M | 17.58M | 614.00K | 43.71M |
| 2024 FY | 48.80M | 6.84M | 8.51M | 625.00K | 41.96M |
| 2025 FY | 47.18M | 7.25M | 11.94M | 580.00K | 39.93M |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | -4.14M | -206.00K | -4.35M | — | -13.73M |
| 2023 FY | 696.00K | -418.00K | 278.00K | — | -5.75M |
| 2024 FY | -3.43M | -378.00K | -3.81M | — | -9.07M |
| 2025 FY | 3.02M | -674.00K | 2.34M | — | 3.43M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 38.47M | 15.33M | — | — | — |
| 2023 FY | 31.87M | 14.90M | — | — | — |
| 2024 FY | 32.10M | 24.22M | — | — | — |
| 2025 FY | 48.26M | 36.90M | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 5.56M | 2.53M | -1.31M | -689.00K | -0.02 |
| 2025 Q3 | 7.49M | 3.66M | 4.00K | 303.00K | 0.01 |
| 2025 Q4 | 7.25M | 3.23M | -1.43M | -1.20M | -0.04 |
| 2026 Q1 | 6.08M | 2.64M | -1.60M | -1.36M | -0.04 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 47.00M | 6.34M | 10.59M | 620.00K | 40.66M |
| 2025 Q3 | 47.91M | 6.90M | 13.68M | 601.00K | 41.01M |
| 2025 Q4 | 47.18M | 7.25M | 11.94M | 580.00K | 39.93M |
| 2026 Q1 | 44.49M | 5.93M | 9.11M | 557.00K | 38.56M |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | -21.00K | -36.00K | -57.00K | — | -1.23M |
| 2025 Q3 | 3.10M | -130.00K | 2.97M | — | 3.09M |
| 2025 Q4 | -1.57M | -443.00K | -2.01M | — | -1.74M |
| 2026 Q1 | -847.00K | -322.00K | -1.17M | — | -2.83M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 77.79M | 67.82M | — | — | — |
| 2025 Q3 | 93.22M | 80.15M | — | — | — |
| 2025 Q4 | 48.48M | 37.12M | — | — | — |
| 2026 Q1 | 37.93M | 29.38M | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |