FTEK Q4 2025 Earnings — Fuel Tech, Inc. Revenue & Financial Results | Market Cap Arena

FTEKFuel Tech, Inc.

$40M

Q4 2025 Earnings

Industrials Industrial - Pollution & Treatment Controls

Income Statement

Revenue

$7M+37.2% YoY

Gross Profit

$3M44.6% margin

Operating Income

-$1M-19.7% margin

Net Income

-$1M-16.5% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

-3.2%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$2M

Stock-Based Comp.

$57,000

Balance Sheet

Total Assets

$47M

Total Liabilities

$7M

Stockholders' Equity

$40M

Cash & Equivalents

$12M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7M	$5M	+37.2%
Gross Profit	$3M	$2M	+44.7%
Operating Income	-$1M	-$2M	+32.7%
Net Income	-$1M	-$2M	+36.3%

Revenue Segments

FUEL CHEM

$5M71%

Air Pollution Control

$2M29%

Geographic Segments

UNITED STATES

$6M65%

Non-US

$3M31%

Europe

$357,0004%