Fuel Tech, Inc. (FTEK) — Financial statements
Income statement, balance sheet, and cash flow for Fuel Tech, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 27↑6.1% | 25↓7.2% | 27↑0.5% | 27↑11.0% | 24 | |
| Cost of Revenue | 14↓1.5% | 15↓5.9% | 15↑0.8% | 15↑23.7% | 12 | |
| Gross Profit | 12↑16.6% | 11↓8.9% | 12↑0.1% | 12↓2.1% | 12 | |
| Operating Expenses | ||||||
| R&D Expenses | 2↑28.8% | 2↑3.5% | 2↑68.8% | 0.90↓32.8% | 1 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 14↑2.1% | 14↑7.5% | 13↑4.3% | 12↑1.8% | 12 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 16↑4.8% | 15↑7.1% | 14↑8.7% | 13↓1.6% | 13 | |
| Total Costs & Expenses | 30↑1.8% | 30↑0.3% | 30↑4.5% | 28↑10.6% | 26 | |
| Operating Results | ||||||
| Operating Income | -4↑21.7% | -5↓76.9% | -3↓74.1% | -2↓2.6% | -1 | |
| Depreciation & Amortization | 0.70↑52.0% | 0.46↑34.5% | 0.34↓22.3% | 0.44↓40.6% | 0.74 | |
| EBITDA | -3↓112.1% | -1↓27.1% | -1↓18.8% | -0.93↓212.4% | 0.83 | |
| EBIT | -4↓97.3% | -2↓28.9% | -1↓5.6% | -1↓1675.9% | 0.09 | |
| Interest & Other Income | ||||||
| Net Interest Income | 1↑13.1% | 1↓2.2% | 1↑591.4% | 0.19↑1523.1% | -0.01 | |
| Interest Income | 1↑13.1% | 1↓3.8% | 1↑543.6% | 0.20↑3266.7% | 0.01 | |
| Interest Expense | 0.00 | 0.00↓100.0% | 0.02↑23.5% | 0.02↓10.5% | 0.02 | |
| Non-Operating Income | 0.00↑100.0% | -3↓134.4% | -1↓675.6% | -0.16↑90.1% | -2 | |
| Other Income / Expenses | 1↓51.6% | 3↑138.5% | 1↑755.4% | 0.14↓91.1% | 2 | |
| Income Before Tax | -2↓23.7% | -2↓27.0% | -1↓5.8% | -1↓2141.2% | 0.07 | |
| Income Tax Expense | 0.02↓80.5% | 0.08↑11.6% | 0.07↑27.8% | 0.05↑285.7% | 0.01 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -2↓19.6% | -2↓26.3% | -2↓6.7% | -1↓2770.4% | 0.05 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -2↓19.6% | -2↓26.3% | -2↓6.7% | -1↓2770.4% | 0.05 | |
| Bottom-Line Net Income | -2↓19.6% | -2↓26.3% | -2↓6.7% | -1↓2770.4% | 0.05 | |
| EPS (Basic) | -0.08↓18.1% | -0.06↓25.4% | -0.05↓6.5% | -0.05↓2744.4% | 0.00 | |
| EPS (Diluted) | -0.08↓18.1% | -0.06↓25.4% | -0.05↓6.5% | -0.05↓2744.4% | 0.00 | |
| Weighted Average Shares | 31↑1.2% | 31↑0.7% | 30↑0.2% | 30↑2.4% | 30 | |
| Weighted Average Diluted Shares | 31↑1.2% | 31↑0.7% | 30↑0.2% | 30↑2.0% | 30 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.