---
title: "Fuel Tech | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 6.485 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294876677.md"
datetime: "2026-08-04T21:41:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294876677.md)
  - [en](https://longbridge.com/en/news/294876677.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294876677.md)
---

# Fuel Tech | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 6.485 M

Revenue: As of FY2026 Q2, the actual value is USD 6.485 M, missing the estimate of USD 6.578 M.

EPS: As of FY2026 Q2, the actual value is USD -0.04.

EBIT: As of FY2026 Q2, the actual value is USD -1.486 M.

#### Consolidated Financial Performance (Three Months Ended June 30, 2026 vs 2025)

Consolidated revenues for Q2 2026 rose 17% to $6.5 million from $5.6 million in Q2 2025. Consolidated gross margin for Q2 2026 declined to 41% of revenues from 46% of revenues in Q2 2025. SG&A expenses were $3.6 million, or 55.4% of revenues, in Q2 2026, compared to $3.3 million, or 60.2% of revenues, in Q2 2025. Interest income was $266,000 in Q2 2026 compared to $537,000 in Q2 2025. Fuel Tech, Inc. reported a net loss of - $1.2 million in Q2 2026, compared to a net loss of - $0.7 million in Q2 2025. Adjusted EBITDA loss was - $1.2 million in Q2 2026 compared to - $0.9 million in Q2 2025.

#### Segment Performance (Three Months Ended June 30, 2026 vs 2025)

##### Air Pollution Control (APC) Segment

Revenues rose by 11% to $2.8 million in Q2 2026, from $2.505 million in Q2 2025. Segment gross margin declined to 36% in Q2 2026 compared to 44% in Q2 2025. The consolidated APC segment backlog was $14.3 million at June 30, 2026, compared to $7.0 million at December 31, 2025.

##### FUEL CHEM Segment

Revenues rose 21% to $3.7 million in Q2 2026 from $3.1 million in Q2 2025. Segment gross margin declined to 45% in Q2 2026 from 47% in Q2 2025.

#### Financial Condition (As of June 30, 2026)

Cash and cash equivalents were $7.6 million. Short-term investments were $12.0 million, and long-term investments totaled $10.0 million, bringing the total cash, cash equivalents, and investments to approximately $30 million. Fuel Tech, Inc. had no long-term debt. Stockholders’ equity was $37.4 million. Total assets were $43.194 million, and total liabilities were $5.827 million.

#### Cash Flow (Six Months Ended June 30, 2026 vs 2025)

Net cash used in operating activities was - $1,741 thousand for the six months ended June 30, 2026, compared to $1,487 thousand provided by operating activities in the prior year period. Net cash used in investing activities was - $2,502 thousand, compared to $700 thousand provided by investing activities in the prior year period. Net cash used in financing activities was - $45 thousand, compared to - $222 thousand in the prior year period. The net decrease in cash and cash equivalents was - $4,319 thousand, compared to a net increase of $2,079 thousand in the prior year period.

#### Outlook

Fuel Tech, Inc. is optimistic about the outlook for its business segments for the full year 2026, expecting FUEL CHEM segment revenues to approximate last year’s results with a strong third quarter anticipated. For the APC segment, the effective backlog is approximately $17 million, more than double the backlog at the end of 2025, including recently announced contract awards of $3 million.

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