Filing Flows › Fuel Tech (FTEK) › Q2 2026
Fuel Tech (FTEK) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Fuel Tech (FTEK) reported revenue of $6.5M for the second quarter 2026 (Q2 2026), +17% from a year earlier and +7% from the quarter before. Operating margin was -24.1%, net loss $1.2M (19.0% of revenue).
Fuel Tech, Q2 2026: revenue $6.5M (+17% year over year), operating margin -24.1%, net loss $1.2M, operating cash flow −$894K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5M | +7% | +17% |
| Operating profit | −$1.6M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | −$894K | — | — |
What changed
Revenue was $6.5M in Q2 2026, up 17% year over year and up 7% from the previous quarter. FUEL CHEM was the largest line at 57% of revenue. FUEL CHEM added $647K year over year (up 21%), 70% of the total change.
Gross margin was 41.2%, down 4.3 points from Q2 2025. Operating costs exceeded revenue by $1.6M, an operating margin of -24.1%. Operating expenses grew 11% against revenue growth of 17%. The fastest-growing cost line was Research & development (+32%). The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $1.4M loss. Non-operating items added $345K, -28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$894K. Non-cash charges added back $178K of depreciation and $42K of share-based compensation. Working capital and other items added $116K. Capital expenditures of $77K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Fuel Tech's revenue in the second quarter 2026?
Fuel Tech (FTEK) reported revenue of $6.5M for the second quarter 2026 (Q2 2026), +17% from a year earlier and +7% from the quarter before.
Was Fuel Tech profitable in the second quarter 2026?
Operating loss was $1.6M (-24.1% of revenue) and net loss $1.2M.
Source: Fuel Tech 10-Q on SEC EDGAR.