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Fuel Tech FTEK Q3 2025 earnings

Reported November 4, 2025 · After market close

Revenue$7.5MBeat by $23.0K
EPS$0.01In line
Revenue estimate$7.5M
EPS estimate$0.01

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$6.6M
EPS estimate-$0.02

Financials

Q3 2025

Income statement

See full
Revenue$7.5M-4.6%
Gross profit$3.1M+16.6%
Operating income-$920.3K+21.7%
Net income-$581.0K-19.6%
EPS (diluted)-$0.02-33.3%

Balance sheet

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Cash & equivalents$13.7M+11.4%
Total debt$601.0K+7.1%
Total equity$41.0M-6.5%
Total assets$47.9M-4.4%

Cash flow

See full
Operating cash flow$3.1M
CapEx$130.0K+16.1%
Free cash flow$3.0M

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$93.22M+189%
Enterprise value$80.15M+290%
P/S3.8×+2.5×

Profitability

See full
Gross margin48.3%+6.8pp
Operating margin-15.9%-0.1pp
Net margin-9%+3.6pp

Returns & leverage

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Return on equity-5.3%+1.8pp
Debt / equity0.0×
Current ratio5.4×-0.4×

Segments

By geography

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US$5.6M+3.2%
Asia$932.0K+40.4%
Europe$698.0K-11.1%
Pacific Rim And Other Geographical Areas$597.8K+41.4%
Americas$176.8K-23.5%

By product

See full
Technology Solutions$6.0M-16.3%
Spare Parts$840.0K+98.1%
Ancillary Revenue$640.0K+160%

By segment

See full
Air Pollution Control$2.7M-16.0%

Versus estimates

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Questions, answered.

When did Fuel Tech report Q3 2025 earnings?
Fuel Tech (FTEK) reported Q3 2025 earnings on November 4, 2025 after market close.
What were Fuel Tech's Q3 2025 revenue and EPS?
Fuel Tech reported revenue of $7.5M and eps of $0.01 for Q3 2025.
Did Fuel Tech beat estimates in Q3 2025?
Revenue beat the consensus estimate of $7.5M by $23.0K. EPS beat the consensus estimate of $0.01 by $0.00.
How did Fuel Tech's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.6% from $7.9M a year earlier and eps grew 286.1% from $0.00.
Where can I find Fuel Tech's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001437749-25-033042) and the 10-Q periodic report (0001437749-25-033043) directly on SEC EDGAR. The filing index links above go to sec.gov.