Filing Flows › Fuel Tech (FTEK) › Q3 2026 › vs Q3 2025
Fuel Tech (FTEK) Q3 2026 vs Q3 2025 (year over year)
Fuel Tech's revenue rose $1.2M (+16%) from $7.5M in Q3 2025 to $8.7M in Q3 2026. The biggest changes: Air Pollution Control +$1.0M (+38%); FUEL CHEM +$147K (+3%).
Fuel Tech, Q3 2026: revenue $8.7M (+16% year over year), operating margin -6.0%, net loss $267K, operating cash flow −$1.7M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| FUEL CHEM | $4.9M | $4.8M | $147K | +3% |
| Air Pollution Control | $3.7M | $2.7M | $1.0M | +38% |
| Revenue | $8.7M | $7.5M | $1.2M | +16% |
| Other income, net | $256K | $306K | −$50K | -16% |
| Net loss | $267K | −$303K | $570K | — |
| Costs & expenses | $9.2M | $7.8M | $1.4M | +18% |
| Operating costs | $9.2M | $7.5M | $1.7M | +23% |
| Cost of revenue | $4.8M | $3.8M | $942K | +25% |
| Research & development | $771K | $450K | $321K | +71% |
| SG&A | $3.7M | $3.2M | $450K | +14% |
| Operating cash sources | $1.9M | −$2.9M | $4.8M | — |
| Depreciation | $184K | $163K | $21K | +13% |
| Share-based compensation | $63K | $57K | $6K | +11% |
| Cash used in operations | $1.7M | −$3.1M | $4.8M | — |
| Net loss absorbed | $267K | −$303K | $570K | — |
| Working capital & other | $1.6M | −$2.6M | $4.2M | — |
Questions
How much did Fuel Tech's revenue grow year over year in Q3 2026?
Fuel Tech's revenue rose $1.2M (+16%) from $7.5M in Q3 2025 to $8.7M in Q3 2026.
What drove Fuel Tech's revenue change in Q3 2026?
Air Pollution Control +$1.0M (+38%); FUEL CHEM +$147K (+3%).