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Fuel Tech FTEK Air Pollution Control — Contract With Customer Asset Net

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Other financials

Income statement

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Revenue$6.1M-4.7%
Gross profit$3.1M+16.6%
Operating income-$920.3K+21.7%
Net income-$1.4M-133%
EPS (diluted)-$0.02-33.3%

Balance sheet

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Cash & equivalents$9.1M-22.9%
Total debt$557.0K-8.2%
Total equity$38.6M-7.0%
Total assets$44.5M-4.8%

Cash flow

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Operating cash flow-$847.0K-156%
CapEx$322.0K+395%
Free cash flow-$1.2M-181%

Valuation

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Market cap$68.88M-24.9%
Enterprise value$60.32M-26.4%
P/S2.6×-1.0×

Profitability

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Gross margin46.4%+4.2pp
Operating margin-13.8%-2.9pp
Net margin-11.7%+13.3pp
FCF margin-9.5%

Returns & leverage

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Return on equity-7.7%+12.8pp
Debt / equity0.0×
Current ratio5.4×-1.4×

Where this comes from

Reported directly by Fuel Tech in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNet.

The official record: Fuel Tech’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fuel Tech's air pollution control — contract with customer asset net?
Fuel Tech (FTEK) reported air pollution control — contract with customer asset net of $974K in Q1 2026.
How has Fuel Tech's air pollution control — contract with customer asset net changed year-over-year?
Fuel Tech's air pollution control — contract with customer asset net increased by 70.3% year-over-year, from $572K to $974K.
What is the long-term trend for Fuel Tech's air pollution control — contract with customer asset net?
Over 3 years (2022 to 2025), Fuel Tech's air pollution control — contract with customer asset net has grown at a -21.8% compound annual growth rate (CAGR), from $8M to $3.82M.
What does air pollution control — contract with customer asset net mean?
This reflects the net value of assets recognized from contracts with customers in the air pollution control segment, typically representing unbilled receivables or contract assets. It indicates the timing difference between revenue recognition and the actual invoicing or collection of cash from environmental service projects.