Every 10-Q that Fuel Tech, Inc. (FTEK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FTEK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FTEK filings page.
Fuel Tech, Inc. reported Q2 2026 revenue of 6,485 (in thousands), up 17% from Q2 2025, but recorded a net loss of 1,230 (in thousands) versus 689 a year earlier. For the first half of 2026, revenue was 12,565 (in thousands) and net loss was 2,585 (in thousands).
Consolidated gross margin declined to 41% from 46% for the quarter and to 42% from 46% year-to-date. Q2 Air Pollution Control revenue was 2,785 (in thousands) and FUEL CHEM revenue was 3,700 (in thousands). APC backlog reached 14,308 at June 30, 2026, with a stated global sales pipeline of approximately $75–100 million.
At June 30, 2026, cash and cash equivalents were 7,620 (in thousands), held-to-maturity investments totaled 21,965 (in thousands), and working capital was 20,118 (in thousands). The company had no debt, with 1,716 (in thousands) of standby letters of credit collateralized by 2,574 (in thousands) of investments, and operating activities used 1,741 (in thousands) of cash in the first half.
Fuel Tech, Inc. reported first-quarter 2026 revenue of $6.08M, down modestly from $6.38M a year earlier, as softer FUEL CHEM demand offset growth in air pollution control projects. APC segment revenue rose to $1.60M, while FUEL CHEM declined to $4.48M due to seasonal maintenance outages and lower dispatch at customer plants.
Consolidated gross margin slipped to 43% from 46%, and higher selling, general and administrative expenses of $3.72M led to a wider operating loss of $1.60M. Net loss increased to $1.36M, or $(0.04) per share, compared with a loss of $0.74M, or $(0.02) per share, in 2025.
Liquidity remains solid, with $9.11M in cash and cash equivalents, $21.47M in held-to-maturity investments at fair value, no financial debt and working capital of $22.17M. APC backlog was $6.92M, and management believes existing cash and expected operating cash flows are sufficient to fund operations for the next 12 months while it continues investing in DGI® water treatment technology.
Fuel Tech, Inc. (FTEK) reported a return to quarterly profitability. For Q3 2025, revenue was $7,490 thousand versus $7,851 thousand a year ago, while net income rose to $303 thousand and diluted EPS was $0.01. Gross margin improved to 49% from 43%, with both FUEL CHEM and Air Pollution Control (APC) contributing higher margins.
Nine‑month revenue was $19,430 thousand versus $19,850 thousand last year, with a net loss of $1,125 thousand. Operating cash flow strengthened to $4,583 thousand, cash and cash equivalents were $13,677 thousand, and the company reported no debt, aside from $3,141 thousand in standby letters of credit backed by $4,711 thousand of collateralized investments. APC backlog was $9,472 thousand as of September 30, 2025, with $7,134 thousand expected over the next 12 months. As a subsequent event, Fuel Tech purchased Wahlco, Inc. intellectual property for $350 on October 3, 2025. Shares outstanding were 31,074,438 as of October 31, 2025.