FUEL TECH, INC. Income Statement
FTEK|14 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 14 fiscal years. All figures from audited SEC 10-K filings.
FUEL TECH, INC. reported $25M in revenue and $2M in net loss for FY2025. Revenue has declined at a 7.2% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score 3.99 (safe zone, above 2.9 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.1M | $27.1M | $26.9M | $24.3M | $22.6M | $30.5M | $45.2M | $55.2M | $73.7M | $79.0M | $109.3M | $97.6M | $93.7M | $71.4M |
| Cost of Revenue | $14.5M | $15.4M | $15.3M | $12.4M | $11.9M | $19.6M | $27.1M | $36.4M | $45.1M | $43.9M | $62.5M | -$9.8M | $13.2M | $42.4M |
| Gross Profit | $10.6M | $11.7M | $11.6M | $11.9M | $10.6M | $10.8M | $18.0M | $18.8M | $28.6M | $35.1M | $46.8M | $40.7M | $43.8M | - |
| SG&A Expense | $13.8M | $12.8M | $12.3M | $12.1M | $13.6M | $17.2M | $20.9M | $25.6M | $30.9M | $35.4M | $36.4M | $32.7M | $33.4M | $32.3M |
| R&D Expense | $1.6M | $1.5M | $895.0K | $1.3M | $1.2M | $1.1M | $1.1M | $1.8M | $1.4M | $1.5M | $2.4M | $2.9M | $1.5M | $542.0K |
| Operating Income | -$4.7M | -$2.7M | -$1.5M | -$1.5M | -$4.3M | -$8.2M | -$7.1M | -$12.0M | -$5.4M | -$25.2M | $8.0M | $5.2M | $9.6M | -$3.1M |
| Interest Expense | - | $21.0K | $17.0K | $19.0K | $4.0K | $4.0K | - | - | $27.0K | $125.0K | $56.0K | $93.0K | $148.0K | $120.0K |
| Income Tax | $77.0K | $69.0K | $54.0K | $14.0K | $57.0K | $14.0K | -$580.0K | $1.7M | $3.8M | -$8.1M | $2.8M | $2.3M | $3.1M | -$1.1M |
| Net Income | -$1.9M | -$1.5M | -$1.4M | $54.0K | -$4.3M | -$7.9M | -$10.4M | -$17.4M | -$12.4M | -$17.7M | $5.1M | $2.8M | $6.1M | -$2.3M |
| EPS (Basic) | -$0.06 | -$0.05 | -$0.05 | $0.00 | -$0.17 | -$0.32 | -$0.44 | -$0.01 | -$0.54 | -$0.78 | $0.23 | $0.12 | $0.26 | -$0.10 |
| EPS (Diluted) | -$0.06 | -$0.05 | -$0.05 | $0.00 | -$0.17 | -$0.32 | -$0.44 | -$0.74 | -$0.54 | -$0.78 | $0.23 | $0.12 | $0.25 | -$0.10 |
| Shares Outstanding | 30.7M | 30.4M | 30.3M | 30.3M | 25.2M | 24.6M | 24.2M | 24.1M | 23.4M | 23.2M | 22.9M | 22.6M | 22.1M | 24.2M |
| Gross Margin | 42.3% | 43.0% | 43.2% | 49.0% | 47.2% | 35.5% | 39.9% | 34.1% | 38.8% | 44.5% | 42.8% | 41.7% | 46.8% | - |
| Operating Margin | -18.7% | -9.8% | -5.7% | -6.1% | -19.2% | -27.1% | -15.6% | -21.8% | -7.4% | -31.9% | 7.3% | 5.3% | 10.3% | -4.3% |
| Profit Margin | -7.7% | -5.7% | -5.3% | 0.2% | -19.0% | -25.8% | -23.1% | -31.5% | -16.8% | -22.4% | 4.7% | 2.8% | 6.6% | -3.2% |