Fuel Tech, Inc. filings document financial results, governance matters and compensation arrangements for a technology company serving utility and industrial customers. Form 8-K reports furnish quarterly and annual earnings releases, including disclosures on the Air Pollution Control, FUEL CHEM® and DGI® Dissolved Gas Infusion businesses, contract activity, backlog commentary and balance-sheet items.
The company’s proxy and other current reports cover board and shareholder voting matters, executive compensation, restricted stock unit awards, corporate incentive plans, and sales commission plans tied to the APC and FUEL CHEM product lines. These filings also identify Fuel Tech as a Delaware registrant with Nasdaq-listed common stock under FTEK.
Fuel Tech, Inc. reports full-year 2025 results with revenue of $26.7 million and a net loss of $2.3 million, or $0.08 per share. Revenue rose about 6% from 2024 as gross margin improved to 46% from 42%.
FUEL CHEM segment sales grew 28% to $17.8 million on renewed orders and new programs, while Air Pollution Control revenue fell 21% to $8.9 million due to project timing and customer delays, though APC backlog increased to $7.0 million.
The company ended 2025 with $11.9 million in cash, $19.9 million in investments, working capital of $25.7 million, no debt aside from letters of credit, and 30.9 million basic shares outstanding.
Fuel Tech reported higher revenue and margins in 2025 but remained unprofitable. Fourth-quarter 2025 revenue rose 37% to $7.2 million, lifting gross margin to 44.6% from 42.3%, while the net loss narrowed to $0.04 per share from $0.06.
For full-year 2025, revenue increased to $26.7 million from $25.1 million, with gross margin improving to 46.4% from 42.3%. FUEL CHEM segment revenue grew 27.9% for the year, reaching its highest level since 2018, helped by stronger coal unit utilization and a new U.S. demonstration program.
APC segment revenue declined for the year but rose 36.7% in the fourth quarter, and segment backlog increased to $7.0 million from $6.2 million. The company highlighted a data-center-related APC sales pipeline of approximately $75–$100 million and ongoing DGI water treatment demonstrations. Fuel Tech ended 2025 with $11.9 million in cash, $19.9 million in investments, stockholders’ equity of $39.9 million, and no debt.
Fuel Tech, Inc. filed a current report describing compensation decisions made by the Board’s Compensation Committee on December 11, 2025. The Committee approved a 2026 APC and National Sales Manager Commission Plan and a 2026 FUEL CHEM® Officer Sales Commission Plan, which define commission structures for key sales and officer roles for 2026. These plans are provided as exhibits to the report, giving more detail on how variable pay will be calculated for these groups.
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.
Fuel Tech, Inc. filed a current report to notify investors that it has released its financial results for the fiscal quarter ended September 30, 2025. On November 4, 2025, the company issued a press release announcing these quarterly results, which is furnished as Exhibit 99.1.
The report states that no financial statements of acquired businesses or pro forma financial information are included, and it lists the press release and the cover page interactive data file as the primary exhibits.