What is Fuel Tech's pre-tax income?

Fuel Tech (FTEK) reported pre-tax income of -$577.25K in Q4 2025.

How has Fuel Tech's pre-tax income changed year-over-year?

Fuel Tech's pre-tax income decreased by 23.7% year-over-year, from -$466.5K to -$577.25K.

What is the long-term trend for Fuel Tech's pre-tax income?

Over 4 years (2021 to 2025), Fuel Tech's pre-tax income has grown at a 141.4% compound annual growth rate (CAGR), from $68K to -$2.31M.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Fuel Tech FTEK Pre-Tax Income

Discontinued — last reported Q4 '25

Pre-Tax Income at other companies

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-$3.75M-107%

Babcock & Wilcox EnterprisesBW

-$75.47M-450%

Arq, Inc.ARQ

-$842K-515%

Flotek IndustriesFTK

$6.27M+15.2%

InnospecIOSP

$39.9M-11.7%

PhiniaPHIN

$57M+14.0%

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

See full

Return on equity-7.7%+12.8pp

Debt / equity0×0.0×

Current ratio5.4×-1.4×

Where this comes from

Reported directly by Fuel Tech in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: Fuel Tech’s 10-K, filed March 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fuel Tech's pre-tax income?: Fuel Tech (FTEK) reported pre-tax income of -$577.25K in Q4 2025.
How has Fuel Tech's pre-tax income changed year-over-year?: Fuel Tech's pre-tax income decreased by 23.7% year-over-year, from -$466.5K to -$577.25K.
What is the long-term trend for Fuel Tech's pre-tax income?: Over 4 years (2021 to 2025), Fuel Tech's pre-tax income has grown at a 141.4% compound annual growth rate (CAGR), from $68K to -$2.31M.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.