Fuel Tech, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M | $6.1M | $7.2M | $7.5M | $5.6M | $6.4M | $5.3M | $7.9M |
| Cost of Revenue | $3.8M | $3.4M | $4.0M | $3.8M | $3.0M | $3.4M | $3.0M | $4.4M |
| Gross Profit | $2.7M | $2.6M | $3.2M | $3.7M | $2.5M | $3.0M | $2.2M | $3.4M |
| Gross Margin | 41.2% | 43.5% | 44.6% | 48.9% | 45.5% | 46.4% | 42.3% | 43.4% |
| Operating Expenses | ||||||||
| Research & Development | $646.0K | $524.0K | $504.0K | $450.0K | $490.0K | $570.0K | $405.0K | $361.0K |
| SG&A Expense | $3.6M | $3.7M | $4.2M | $3.2M | $3.3M | $3.3M | $3.9M | $3.2M |
| Operating Income | $-1.6M | $-1.6M | $-1.4M | $4.0K | $-1.3M | $-952.0K | $-2.1M | $-179.0K |
| Operating Margin | -24.1% | -26.3% | -19.7% | 0.1% | -23.5% | -14.9% | -40.1% | -2.3% |
| Interest Expense | — | — | — | — | — | — | $0 | $0 |
| Pretax Income | $-1.2M | $-1.4M | $-1.2M | $310.0K | $-685.0K | $-739.0K | $-1.8M | $81.0K |
| Income Tax Expense | $10.0K | $-1.0K | $4.0K | $7.0K | $4.0K | $0 | $59.0K | $1.0K |
| Net Income | $-1.2M | $-1.4M | $-1.2M | $303.0K | $-689.0K | $-739.0K | $-1.9M | $80.0K |
| Net Margin | -19.0% | -22.3% | -16.5% | 4.0% | -12.4% | -11.6% | -35.6% | 1.0% |
| EPS (Basic) | $-0.04 | $-0.04 | $-0.05 | $0.01 | $-0.02 | $-0.02 | $-0.06 | $0.00 |
| EPS (Diluted) | $-0.04 | $-0.04 | $-0.05 | $0.01 | $-0.02 | $-0.02 | $-0.06 | $0.00 |
| Shares Outstanding (Basic) | 31.2M | 31.1M | 30.9M | 31.1M | 30.9M | 30.7M | 30.6M | 30.7M |
| Shares Outstanding (Diluted) | 31.2M | 31.1M | 30.9M | 31.3M | 30.9M | 30.7M | 30.6M | 30.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |