--- title: "Fuel Tech | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 6.08 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285263887.md" datetime: "2026-05-05T20:40:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285263887.md) - [en](https://longbridge.com/en/news/285263887.md) - [zh-HK](https://longbridge.com/zh-HK/news/285263887.md) --- # Fuel Tech | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 6.08 M Revenue: As of FY2026 Q1, the actual value is USD 6.08 M, missing the estimate of USD 7.62 M. EPS: As of FY2026 Q1, the actual value is USD -0.04. EBIT: As of FY2026 Q1, the actual value is USD -1.836 M. #### Consolidated Financial Performance Consolidated revenues for \[Fuel Tech, Inc.\] in Q1 2026 were $6.1 million, a 5% decline from $6.4 million in Q1 2025, primarily due to lower FUEL CHEM revenues offsetting higher Air Pollution Control (APC) revenue . Consolidated gross margin for Q1 2026 decreased to 43.5% of revenues from 46.4% of revenues in Q1 2025 . Selling, general and administrative (SG&A) expenses in Q1 2026 were $3.7 million, or 61% of revenues, compared to $3.3 million, or 52% of revenues, in Q1 2025 . Research and development expenses were $524 thousand in Q1 2026, down from $570 thousand in Q1 2025 . The company reported an operating loss of - $1.6 million in Q1 2026, compared to an operating loss of - $0.952 million in Q1 2025 . Interest income for Q1 2026 was $240,000, down from $279,000 in Q1 2025 . Net loss for Q1 2026 was - $1.4 million, compared to a net loss of - $0.7 million in Q1 2025 . Adjusted EBITDA loss was - $1.3 million in Q1 2026, compared to an Adjusted EBITDA loss of - $0.7 million in Q1 2025 . #### Segment Revenue and Gross Margin **Air Pollution Control (APC) Segment:** Revenues for the APC segment increased by 23% to $1.6 million in Q1 2026 . Segment gross margin expanded to 38.3% in Q1 2026, up from 32.6% in Q1 2025 . Consolidated APC segment backlog was $6.9 million at March 31, 2026, and did not include recently awarded APC contracts valued at $10 million . **FUEL CHEM Segment:** Revenue for the FUEL CHEM segment declined to $4.5 million in Q1 2026 from $5.1 million in Q1 2025 . Segment gross margin decreased to 45.3% in Q1 2026 from 49.9% in Q1 2025 . #### Financial Condition As of March 31, 2026, \[Fuel Tech, Inc.\] reported cash and cash equivalents of $9.1 million, short-term investments of $12.5 million, and long-term investments totaling $9.0 million . Stockholders’ equity was $38.6 million, or $1.24 per share, and the company carried no long-term debt . Total assets were $44.487 million at March 31, 2026, compared to $47.179 million at December 31, 2025 . Total liabilities were $5.931 million at March 31, 2026, down from $7.247 million at December 31, 2025 . #### Cash Flow Net cash used in operating activities was - $847 thousand for the three months ended March 31, 2026, compared to net cash provided by operating activities of $1,508 thousand for the same period in 2025 . Net cash used in investing activities was - $1,914 thousand for the three months ended March 31, 2026, compared to net cash provided by investing activities of $1,692 thousand for the same period in 2025 . Net cash used in financing activities was - $34 thousand for the three months ended March 31, 2026, compared to - $24 thousand for the same period in 2025 . The effect of exchange rate fluctuations on cash was - $35 thousand in Q1 2026, compared to $135 thousand in Q1 2025 . This resulted in a net decrease in cash and cash equivalents of - $2,830 thousand in Q1 2026, versus a net increase of $3,311 thousand in Q1 2025 . #### Outlook \[Fuel Tech, Inc.\] remains optimistic about the outlook for all its businesses for the full year 2026 . Proforma APC backlog, including recent awards, is at its highest level since 2018, and the company expects another solid year for its FUEL CHEM business segment . The DGI division’s high-efficiency water treatment system demonstration is progressing well and is expected to conclude in the second quarter of 2026 . ### Related Stocks - [FTEK.US](https://longbridge.com/en/quote/FTEK.US.md) ## Related News & Research - [Fuel Tech Q4 Earnings Summary & Key Takeaways](https://longbridge.com/en/news/277679364.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Yext to Announce First Quarter Fiscal Year 2027 Financial Results on June 2, 2026 | YEXT Stock News](https://longbridge.com/en/news/286970613.md) - [GDEV announces results for the first quarter of 2026 | GDEV Stock News](https://longbridge.com/en/news/286909689.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md)