Rankings
▼
Calendar
FTEK (Fuel Tech, Inc.) Stock Financials & Earnings | Market Cap Arena
FTEK
Fuel Tech, Inc.
Mkt Cap
$40M
Industrials
·
Industrial - Pollution & Treatment Controls
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$27M
Net Income (TTM)
-$2M
EPS (TTM)
-$0.08
Free Cash Flow (TTM)
$3M
Gross Margin
46.4%
Op. Margin
-13.8%
Net Margin
-8.7%
FCF Margin
10.6%
P/S Ratio (TTM)
1.5x
P/E Ratio (TTM)
—
YoY Rev Growth
+6.1%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$7M
$3M
-$658K
Q2 23
$5M
$2M
-$1M
Q3 23
$8M
$4M
$133K
Q4 23
$6M
$3M
-$801K
Q1 24
$5M
$2M
-$2M
Q2 24
$7M
$3M
-$715K
Q3 24
$8M
$3M
-$179K
Q4 24
$5M
$2M
-$2M
Q1 25
$6M
$3M
-$952K
Q2 25
$6M
$3M
-$1M
Q3 25
$7M
$4M
$4K
Q4 25
$7M
$3M
-$1M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
1.4x
—
Q2 23
1.4x
—
Q3 23
1.4x
—
Q4 23
1.5x
—
Q1 24
1.6x
—
Q2 24
1.5x
—
Q3 24
1.5x
—
Q4 24
1.6x
—
Q1 25
1.5x
—
Q2 25
1.6x
—
Q3 25
1.6x
—
Q4 25
1.5x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$1M
$980K
Q2 23
-$993K
-$1M
Q3 23
$374K
$276K
Q4 23
$305K
$88K
Q1 24
-$1M
-$1M
Q2 24
-$2M
-$2M
Q3 24
$879K
$767K
Q4 24
-$2M
-$2M
Q1 25
$2M
$1M
Q2 25
-$21K
-$21K
Q3 25
$3M
$3M
Q4 25
-$2M
-$2M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$30K
Q2 23
$73K
Q3 23
$98K
Q4 23
$217K
Q1 24
$114K
Q2 24
$90K
Q3 24
$112K
Q4 24
$62K
Q1 25
$65K
Q2 25
$0
Q3 25
$130K
Q4 25
$0
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+31.7%
+21.9%
Q2 23
-14.2%
-0.9%
Q3 23
-0.4%
+0.4%
Q4 23
-9.6%
-1.7%
Q1 24
-32.0%
-16.3%
Q2 24
+29.0%
+14.2%
Q3 24
-1.7%
+2.2%
Q4 24
-16.7%
+3.5%
Q1 25
+28.7%
+10.3%
Q2 25
-21.1%
-11.5%
Q3 25
-4.6%
-6.8%
Q4 25
+37.2%
+17.2%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$89K
1.2%
Q2 23
$98K
1.8%
Q3 23
$101K
1.3%
Q4 23
$101K
1.6%
Q1 24
$104K
2.1%
Q2 24
$124K
1.8%
Q3 24
$109K
1.4%
Q4 24
$109K
2.1%
Q1 25
$110K
1.7%
Q2 25
$102K
1.8%
Q3 25
$57K
0.8%
Q4 25
$57K
0.8%
marketcaparena.com
OpEx Breakdown
R&D
SG&A
Quarter
R&D
SG&A
Q1 23
$218K
$3M
Q2 23
$413K
$3M
Q3 23
$513K
$3M
Q4 23
$367K
$4M
Q1 24
$376K
$3M
Q2 24
$422K
$3M
Q3 24
$361K
$3M
Q4 24
$405K
$4M
Q1 25
$570K
$3M
Q2 25
$490K
$3M
Q3 25
$450K
$3M
Q4 25
$504K
$4M
marketcaparena.com
Revenue Segments
Air Pollution Control
Fuel Chem
Quarter
Air Pollution Control
Fuel Chem
Q1 23
$4M
$4M
Q2 23
$3M
$2M
Q3 23
$4M
$4M
marketcaparena.com
Revenue by Geography
Asia
Europe
Latin America
United States
Americas
Africa
Quarter
Asia
Europe
Latin America
United States
Americas
Africa
Q3 23
$1M
$1M
$157K
$6M
—
—
Q4 23
$289K
$664K
—
$5M
$577K
—
Q1 24
$191K
$856K
$315K
$4M
—
—
Q2 24
$590K
$2M
$293K
$4M
—
—
Q3 24
$664K
$2M
$208K
$5M
—
—
Q1 25
$160K
$477K
$348K
$5M
—
$38K
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$16M
$11M
$27M
Q2 23
$15M
$13M
$28M
Q3 23
$13M
$15M
$28M
Q4 23
$18M
$12M
$30M
Q1 24
$11M
$12M
$23M
Q2 24
$10M
$10M
$20M
Q3 24
$12M
$8M
$20M
Q4 24
$9M
$10M
$19M
Q1 25
$12M
$10M
$22M
Q2 25
$11M
$12M
$23M
Q3 25
$14M
$12M
$26M
Q4 25
$12M
$13M
$25M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
30M
+0.0%
Q2 23
30M
+0.1%
Q3 23
31M
+1.0%
Q4 23
30M
-0.8%
Q1 24
31M
+1.2%
Q2 24
30M
-0.9%
Q3 24
31M
+1.2%
Q4 24
31M
-0.5%
Q1 25
31M
+0.0%
Q2 25
31M
+0.5%
Q3 25
31M
+1.4%
Q4 25
31M
-0.7%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$399K
198
FY 15
$405K
182
FY 16
$378K
146
FY 17
$370K
122
FY 18
$500K
113
FY 19
$372K
82
FY 20
$309K
73
FY 21
$332K
73
FY 22
$408K
66
FY 23
$376K
72
FY 24
$349K
72
FY 25
$346K
77
marketcaparena.com