NASDAQ: FTEK
FUEL TECH, INC.CIK 0000846913 · SIC 3564 · Industrial & Commercial Fans & Blowers & Air Purifing Equip
Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.
Sign up freeWant to see a complete report first? Today's free report (FLEX 10-Q) is open in full — no account needed.
Summary not yet generated.
Summary not yet generated.
Partner
Trade FTEK commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Latest financial statements
From 10-Q filed Nov 3, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except share and per-share data)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Revenues | 8,676 | 7,490 | 21,241 | 19,430 |
| Costs and expenses: | ||||
| Cost of sales | 4,771 | 3,829 | 12,017 | 10,281 |
| Selling, general and administrative | 3,657 | 3,207 | 10,967 | 9,895 |
| Research and development | 771 | 450 | 1,941 | 1,510 |
| 9,199 | 7,486 | 24,925 | 21,686 | |
| Operating (loss) income | (523) | 4 | (3,684) | (2,256) |
| Interest income | 247 | 311 | 753 | 1,127 |
| Other income (expense), net | 9 | (5) | 88 | 15 |
| (Loss) income before income taxes | (267) | 310 | (2,843) | (1,114) |
| Income tax expense | — | (7) | (9) | (11) |
| Net (loss) income | (267) | 303 | (2,852) | (1,125) |
| Net (loss) income per common share: | ||||
| Basic net (loss) income per common share | (0.01) | 0.01 | (0.09) | (0.04) |
| Diluted net (loss) income per common share | (0.01) | 0.01 | (0.09) | (0.04) |
| Weighted-average number of common shares outstanding: | ||||
| Basic | 31,217,000 | 31,074,000 | 31,164,000 | 30,890,000 |
| Diluted | 31,217,000 | 31,293,000 | 31,164,000 | 30,890,000 |
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share and per-share data)
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 6,830 | 11,939 |
| Short-term investments | 11,000 | 12,942 |
| Accounts receivable, less current expected credit loss of $107 and $108, respectively | 5,891 | 5,355 |
| Inventories, net | 382 | 373 |
| Prepaid expenses and other current assets | 899 | 1,335 |
| Total current assets | 25,002 | 31,944 |
| Property and equipment, net of accumulated depreciation of $17,748 and $19,433, respectively | 4,688 | 4,739 |
| Goodwill | 2,116 | 2,116 |
| Other intangible assets, net of accumulated amortization of $622 and $561, respectively | 587 | 646 |
| Right-of-use operating lease assets, net | 480 | 536 |
| Long-term investments | 9,950 | 6,991 |
| Other assets | 208 | 207 |
| Total assets | 43,031 | 47,179 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 3,009 | 3,242 |
| Accrued liabilities: | ||
| Operating lease liabilities current | 101 | 89 |
| Employee compensation | 744 | 1,308 |
| Other accrued liabilities | 1,124 | 1,634 |
| Total current liabilities | 4,978 | 6,273 |
| Operating lease liabilities non-current | 421 | 491 |
| Deferred income taxes, net | 187 | 187 |
| Other liabilities | 294 | 296 |
| Total liabilities | 5,880 | 7,247 |
| Stockholders’ equity: | ||
| Common stock, $.01 par value, 40,000,000 shares authorized, 32,457,627 and 32,281,179 shares issued, and 31,216,789 and 31,074,438 shares outstanding, respectively | 324 | 322 |
| Additional paid-in capital | 165,775 | 165,616 |
| Accumulated deficit | (124,648) | (121,796) |
| Accumulated other comprehensive loss | (1,763) | (1,718) |
| Nil coupon perpetual loan notes | 76 | 76 |
| Treasury stock, at cost | (2,613) | (2,568) |
| Total stockholders’ equity | 37,151 | 39,932 |
| Total liabilities and stockholders’ equity | 43,031 | 47,179 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| Operating Activities | ||
| Net loss | (2,852) | (1,125) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation | 537 | 490 |
| Amortization | 62 | 27 |
| Loss on disposal of equipment | 15 | — |
| Interest income on held-to-maturity securities, net of premium amortization and discount accretion | 81 | (91) |
| Provision for credit losses, net of recoveries | (1) | — |
| Stock-based compensation, net of forfeitures | 161 | 269 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (556) | 3,066 |
| Employee retention credit receivable | — | 1,677 |
| Inventory | (9) | (4) |
| Prepaid expenses, other current assets and other non-current assets | 429 | 318 |
| Accounts payable | (226) | (560) |
| Accrued liabilities and other non-current liabilities | (1,051) | 516 |
| Net cash (used in) provided by operating activities | (3,410) | 4,583 |
| Investing Activities | ||
| Purchases of equipment and patents | (505) | (231) |
| Purchases of debt securities | (12,102) | (10,004) |
| Maturities of debt securities | 11,000 | 11,000 |
| Net cash (used in) provided by investing activities | (1,607) | 765 |
| Financing Activities | ||
| Taxes paid on behalf of equity award participants | (45) | (222) |
| Net cash used in financing activities | (45) | (222) |
| Effect of exchange rate fluctuations on cash | (47) | 41 |
| Net (decrease) increase in cash and cash equivalents | (5,109) | 5,167 |
| Cash and cash equivalents at beginning of period | 11,939 | 8,510 |
| Cash and cash equivalents at end of period | 6,830 | 13,677 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except share and per-share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗