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MKT CAP:$182M

FutureFuel Corp.

Market Cap

$182M

Basic Materials·Chemicals·🇺🇸 United States·NYSE

Materials·Chemicals·🇺🇸·NYSE

Stock Price

$4.12+$0.94 (+29.56%)

Apr 24, 2026

Company Details

FutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, C...

CEO

Roeland H. Polet

IPO Date

Mar 23, 2011

Website

www.futurefuelcorporation.com

Key Metrics TTM

Revenue

$96M

-60.7% YoY

Net Income

-$49M

EPS (Diluted)

-$1.12

Free Cash Flow

-$46M

Revenue / Share

$2.19

Gross Margin

-42.5%

Operating Margin

-56.0%

Net Margin

-51.6%

FCF Margin

-48.0%

P/S

1.9x

P/E

—

Earnings Reports

Q1 2026

May 11, 2026

PENDING

FY 2025

Mar 16, 2026

$96M-60.7%EPS -$1.13

Q4 2025

Mar 16, 2026

$20M-67.7%EPS -$0.27

Q3 2025

Nov 10, 2025

$23M-55.6%EPS -$0.21

Q2 2025

Aug 11, 2025

$36M-50.7%EPS -$0.24

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$42M	-$7M	-$10M
Q2 22	$118M	$977.0K	-$2M
Q3 22	$118M	$20M	$17M
Q4 22	$118M	$15M	$12M
Q1 23	$74M	$22M	$18M
Q2 23	$85M	-$9M	-$12M
Q3 23	$117M	$4M	$297.0K
Q4 23	$92M	$14M	$10M
Q1 24	$58M	$5M	$2M
Q2 24	$72M	$9M	$5M
Q3 24	$51M	$383.0K	-$3M
Q4 24	$62M	$6M	$2M
Q1 25	$18M	-$15M	-$19M
Q2 25	$36M	-$9M	-$12M
Q3 25	$23M	-$7M	-$10M
Q4 25	$20M	-$11M	-$13M

Valuation

Quarter	P/S	P/E
Q1 22	1.3x	18.4x
Q2 22	0.9x	19.9x
Q3 22	0.7x	12.3x
Q4 22	1.0x	25.0x
Q1 23	0.8x	6.8x
Q2 23	1.0x	9.4x
Q3 23	0.8x	10.5x
Q4 23	0.7x	7.0x
Q1 24	1.0x	17.3x
Q2 24	0.6x	5.5x
Q3 24	0.9x	7.0x
Q4 24	1.0x	15.0x
Q1 25	0.8x	—
Q2 25	1.0x	—
Q3 25	1.2x	—
Q4 25	1.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$11M	-$12M
Q2 22	$9M	$8M
Q3 22	$46M	$44M
Q4 22	$8M	$7M
Q1 23	-$30M	-$32M
Q2 23	-$11M	-$12M
Q3 23	$49M	$48M
Q4 23	$22M	$20M
Q1 24	-$12M	-$14M
Q2 24	$28M	$25M
Q3 24	$26M	$20M
Q4 24	-$17M	-$21M
Q1 25	-$5M	-$9M
Q2 25	$5M	-$263.0K
Q3 25	-$1M	-$6M
Q4 25	-$27M	-$30M

Capital Expenditures

Quarter	CapEx
Q1 22	$977.0K
Q2 22	$918.0K
Q3 22	$2M
Q4 22	$1M
Q1 23	$2M
Q2 23	$1M
Q3 23	$1M
Q4 23	$1M
Q1 24	$2M
Q2 24	$3M
Q3 24	$5M
Q4 24	$4M
Q1 25	$4M
Q2 25	$5M
Q3 25	$5M
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+1.8%	-5.0%
Q2 22	+58.9%	+56.7%
Q3 22	+19.7%	+9.4%
Q4 22	+10.0%	+24.4%
Q1 23	+75.5%	+7.8%
Q2 23	-27.6%	-18.8%
Q3 23	-1.2%	+15.0%
Q4 23	-21.9%	-22.8%
Q1 24	-21.4%	+0.3%
Q2 24	-15.1%	-30.9%
Q3 24	-56.2%	-53.6%
Q4 24	-33.1%	-26.8%
Q1 25	-69.9%	-35.1%
Q2 25	-50.7%	-28.9%
Q3 25	-55.6%	-40.1%
Q4 25	-67.7%	-44.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$46.0K	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$3M	3.0%
Q3 23	-$3M	-2.2%
Q4 23	$0	0.0%
Q1 24	$22.0K	0.0%
Q2 24	$0	0.0%
Q3 24	$91.0K	0.2%
Q4 24	$246.0K	0.4%
Q1 25	$226.0K	1.3%
Q2 25	$236.0K	0.7%
Q3 25	$226.0K	1.0%
Q4 25	$320.0K	1.6%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q1 22	$679.0K	$2M	—
Q2 22	$755.0K	$2M	—
Q3 22	$967.0K	$2M	—
Q4 22	$1M	$2M	—
Q1 23	$1M	—	$2M
Q2 23	$1M	—	$2M
Q3 23	$1M	—	$2M
Q4 23	$1M	—	$3M
Q1 24	$906.0K	—	$2M
Q2 24	$916.0K	—	$2M
Q3 24	$981.0K	—	$2M
Q4 24	$1M	—	$3M
Q1 25	$1M	—	$3M
Q2 25	$933.0K	—	$2M
Q3 25	$855.0K	—	$2M
Q4 25	$3M	—	$7M

Revenue Segments

Quarter	Biofuels	Chemicals
Q1 22	$21M	$22M
Q2 22	$100M	$18M
Q3 22	$97M	$22M
Q4 22	$98M	$20M
Q1 23	$52M	$22M
Q2 23	$67M	$19M
Q3 23	$99M	$18M
Q1 24	$40M	$18M
Q2 24	$53M	$19M
Q3 24	$33M	$18M
Q1 25	$8M	$9M
Q2 25	$19M	$17M
Q3 25	$7M	$16M
Q4 25	$2M	$18M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$121M	$43M	$164M
Q2 22	$129M	$39M	$169M
Q3 22	$171M	$39M	$210M
Q4 22	$176M	$37M	$213M
Q1 23	$145M	$38M	$183M
Q2 23	$167M	$0	$167M
Q3 23	$206M	$0	$206M
Q4 23	$219M	$0	$219M
Q1 24	$201M	$0	$201M
Q2 24	$115M	$0	$115M
Q3 24	$133M	$0	$133M
Q4 24	$110M	$0	$110M
Q1 25	$97M	$0	$97M
Q2 25	$95M	$0	$95M
Q3 25	$86M	$0	$86M
Q4 25	$51M	$0	$51M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	44M	0.0%	+0.0%
Q2 22	44M	0.0%	+0.0%
Q3 22	44M	0.0%	0.0%
Q4 22	44M	+0.0%	+0.0%
Q1 23	44M	+0.0%	+0.0%
Q2 23	44M	-0.0%	0.0%
Q3 23	44M	+0.0%	+0.0%
Q4 23	44M	+0.0%	+0.0%
Q1 24	44M	-0.0%	-0.0%
Q2 24	44M	0.0%	0.0%
Q3 24	44M	0.0%	-0.0%
Q4 24	44M	+0.0%	+0.0%
Q1 25	44M	+0.0%	+0.1%
Q2 25	44M	+0.0%	+0.1%
Q3 25	44M	0.0%	+0.1%
Q4 25	44M	0.0%	+0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$89.9K	470
Q2 22	$250.6K	470
Q3 22	$251.4K	470
Q4 22	$246.5K	478
Q1 23	$155.2K	478
Q2 23	$178.5K	478
Q3 23	$244.3K	478
Q4 23	$178.7K	515
Q1 24	$113.2K	515
Q2 24	$140.6K	515
Q3 24	$99.3K	515
Q4 24	$114.5K	537
Q1 25	$32.7K	537
Q2 25	$66.4K	537
Q3 25	$42.3K	537
Q4 25	$36.9K	537

Revenue / Employee