---
title: "Fuel Tech (FTEK.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/FTEK.US/norm.md"
symbol: "FTEK.US"
name: "Fuel Tech"
parent: "https://longbridge.com/en/quote/FTEK.US.md"
datetime: "2026-05-21T18:32:50.096Z"
locales:
  - [en](https://longbridge.com/en/quote/FTEK.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/FTEK.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/FTEK.US/norm.md)
---

# Fuel Tech (FTEK.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0436 | -0.0399 | 0.0098 | -0.0223 | -0.0241 |
| ROE | -13.81% | -11.85% | 2.97% | -6.71% | -7.09% |
| Revenue | 6.08M | 7.25M | 7.49M | 5.56M | 6.38M |
| Net income | -1.35M | -1.20M | 303000.00 | -689000.00 | -739000.00 |
| Operating income | -1.60M | -1.43M | 4000.00 | -1.31M | -952000.00 |
| Gross margin | 43.49% | 44.63% | 48.88% | 45.50% | 46.36% |
| Net margin | -22.29% | -16.54% | 4.05% | -12.40% | -11.58% |
| Profit quality | - | - | 0.13% | - | -63.13% |

## Balance Sheet (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 44.49M | 47.18M | 47.91M | 47.00M | 46.71M |
| Leverage | 1.15 | 1.18 | 1.17 | 1.16 | 1.13 |
| BVPS | 1.24 | 1.28 | 1.32 | 1.31 | 1.34 |
| Turnover | 0.5784 | 0.5559 | 0.5042 | 0.5224 | 0.5524 |
| Cash & STI | 21.58M | 24.88M | 25.86M | 23.01M | 21.79M |
| Inv & Rec | 364000.00 | 373000.00 | 402000.00 | 616000.00 | 534000.00 |
| LT assets | 5.40M | 5.28M | 5.38M | 5.43M | 5.54M |
| Net debt | -21.02M | -24.30M | -25.26M | -22.39M | -21.18M |

## Cash Flow Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -847000.00 | -1.57M | 3.10M | -21000.00 | 1.51M |
| Investing CF | -1.91M | -220000.00 | 65000.00 | -992000.00 | 1.69M |
| Financing CF | -34000.00 | 0.0000 | 0.0000 | -198000.00 | -24000.00 |
| Free CF | -862500.00 | -1.70M | 2.59M | -194500.00 | 1.63M |
| OCF coverage | -263.04% | -353.72% | 2381.54% | -58.33% | 2320.00% |
| Repaid & issued | - | - | - | - | - |
| CapEx | -322000.00 | -443000.00 | -130000.00 | -36000.00 | -65000.00 |