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Fuel Tech FTEK Q4 2025 Annual earnings

Reported March 3, 2026 · After market close

Revenue$7.2MMiss by $220.0K
EPS-$0.04Miss by $0.01
Revenue estimate$7.5M
EPS estimate-$0.03

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$7.2M+37.2%
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

See full
Cash & equivalents$11.9M+40.3%
Total debt$580.0K-7.2%
Total equity$39.9M-4.8%
Total assets$47.2M-3.3%

Cash flow

See full
CapEx$443.0K+615%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$48.48M+50.3%
Enterprise value$37.12M+52.4%
P/S1.8×+0.5×

Profitability

See full
Gross margin46.4%+4.2pp
Operating margin-13.8%-2.9pp
Net margin-8.7%+1.3pp

Returns & leverage

See full
Return on equity-5.7%+1.9pp
Debt / equity0×0.0×
Current ratio5.1×0.0×

Segments

By product

See full
Technology Solutions$6.8M+48.8%
Spare Parts$223.0K+18.6%
Ancillary Revenue$193.0K-61.6%

Versus estimates

Revenue

Q1 2026$6.1MMiss by $1.5M
Q4 2025$7.2MMiss by $220.0K
Q3 2025$7.5MBeat by $23.0KQ2 2025$5.6MMiss by $528.0KQ1 2025$6.4MMiss by $258.0KQ4 2024$5.3MMiss by $347.0K

Diluted EPS

Q1 2026-$0.04
Q4 2025-$0.04Miss by $0.01
Q3 2025$0.01In lineQ2 2025-$0.02Beat by $0.01Q1 2025-$0.02In lineQ4 2024-$0.06Miss by $0.03

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Questions, answered.

When did Fuel Tech report Q4 2025 earnings?
Fuel Tech (FTEK) reported Q4 2025 earnings on March 3, 2026 after market close.
What were Fuel Tech's Q4 2025 revenue and EPS?
Fuel Tech reported revenue of $7.2M and eps of $-0.04 for Q4 2025.
Did Fuel Tech beat estimates in Q4 2025?
Revenue missed the consensus estimate of $7.5M by $220.0K. EPS missed the consensus estimate of $-0.03 by $0.01.
How did Fuel Tech's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 37.2% from $5.3M a year earlier and eps grew 33.3% from $-0.06.
Where can I find Fuel Tech's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001437749-26-006620) and the 10-K periodic report (0001437749-26-006623) directly on SEC EDGAR. The filing index links above go to sec.gov.