Stocktoria
FUEL TECH, INC. FTEK
Nasdaq · stock · Industrial & Commercial Fans & Blowers & Air Purifing Equip · website · IPO 1993-09-07
FUEL TECH, INC. financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.7M | $25.1M | $27.1M | $26.9M | $24.3M | $22.6M | $30.5M | $56.5M | $45.2M | $55.2M |
| Gross profit | $12.4M | $10.6M | $11.7M | $11.6M | $11.9M | $10.6M | $10.8M | $20.1M | $18.0M | $18.8M |
| R&D expense | $2.0M | $1.6M | $1.5M | $895,000 | $1.3M | $1.2M | $1.1M | $1.1M | $1.1M | $1.8M |
| SG&A expense | $14.1M | $13.8M | $12.8M | $12.3M | $12.1M | $13.6M | $17.2M | $18.6M | $20.9M | $25.6M |
| Operating income | -$3.7M | -$4.7M | -$2.7M | -$1.5M | -$1.5M | -$4.3M | -$8.2M | $110,000 | -$7.1M | -$12.0M |
| Interest expense | — | $0 | $21,000 | $17,000 | $19,000 | $4,000 | — | — | $0 | $0 |
| Income tax | $15,000 | $77,000 | $69,000 | $54,000 | $14,000 | $57,000 | $14,000 | $33,000 | -$580,000 | $1.7M |
| Net income | -$2.3M | -$1.9M | -$1.5M | -$1.4M | $54,000 | -$4.3M | -$7.9M | -$28,000 | -$10.4M | -$17.4M |
| EPS (diluted) | $-0.08 | $-0.06 | $-0.05 | $-0.05 | $0.00 | $-0.17 | $-0.32 | $0.00 | $-0.44 | $-0.74 |
| Operating cash flow | $3.0M | -$3.4M | $696,000 | -$4.1M | $761,000 | -$2.7M | -$3.4M | $5.0M | -$3.6M | -$2.7M |
| Cash & equivalents | $11.9M | $8.5M | $17.6M | $23.3M | $35.9M | $10.6M | $10.9M | $12.0M | $8.4M | $11.8M |
| Inventory | $373,000 | $397,000 | $439,000 | $392,000 | $348,000 | $97,000 | $264,000 | $957,000 | $945,000 | $1.0M |
| Total assets | $47.2M | $48.8M | $50.4M | $50.1M | $50.0M | $30.1M | $31.6M | $51.7M | $50.5M | $57.8M |
| Total liabilities | $7.2M | $6.8M | $6.7M | $5.3M | $3.8M | $7.8M | $5.4M | $17.7M | $16.3M | $14.4M |
| Shareholders' equity | $39.9M | $42.0M | $43.7M | $44.8M | $46.2M | $22.3M | $26.2M | $34.1M | $34.2M | $42.7M |
Growth · year-over-year · Revenue CAGR -7.8%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +6.1% | -7.2% | +0.5% | +11.0% | +7.6% | -26.0% | -46.1% | +25.2% | -18.1% | -25.1% |
| Net income growth | — | — | — | -2770.4% | — | — | — | — | — | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.