FUEL TECH, INC. (FTEK) Form 10-Q — Nov 3, 2026
Fuel Tech reported Q3 2026 revenue of $8.7 million, up 16% year over year, driven by a 38% jump in Air Pollution Control segment revenue on record backlog of $16.6 million versus $7.0 million at year-end 2025. Despite top-line growth, the company posted a Q3 net loss of $267K and a nine-month loss of $2.85 million, versus $1.13 million in the prior-year period, with gross margin compressing to 45% from 49% on project mix and higher costs.
Key figures
- Revenue
- 8676000
- Revenue Yoy
- 16% (Q3); 9% (nine months)
- Total Assets
- 43031000
- Cash Position
- 6830000
- Shares Outstanding
- 31216789
- Apc backlog
- 16626000
- Sales pipeline
- $75-100 million
- Gross margin q3
- 45% vs 49% prior year
- Working capital
- 20024000
- Apc backlog prior
- 7047000
- Nine month revenue
- 21241000
- Total stockholders equity
- 37151000
AI analysis
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