| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 6.08 | 4.7% |
| Total Income | 6.08 | 4.7% |
| Expenditure | 7.68 | 4.8% |
| PBT | -1.36 | 83.8% |
| Net Profit | -1.36 | 83.8% |
| OPM | -26.25% | 11.33pp |
| NPM | -22.29% | 10.71pp |
| EPS | -0.04 | 100.0% |
Fuel Tech Reports Q1 2026 Revenue at $6.1M
06 May 2026 · 6 May, 2:09 am
Summary
Fuel Tech reported a 5% decrease in consolidated revenues for Q1 2026, totaling $6.1 million compared to $6.4 million in Q1 2025. The decline was primarily due to lower FUEL CHEM revenues, which offset the increase in APC revenue. The company reported a net loss of $(1.4) million, or $(0.04) per share, compared to a net loss of $(0.7) million, or $(0.02) per share, in the prior year. Management remains optimistic about the outlook for each of their businesses for full year 2026, with the APC backlog at its highest level since 2018 on a proforma basis.
Key Highlights
- 1
Fuel Tech's Q1 2026 revenues totaled $6.1 million, a 5% decrease compared to $6.4 million in Q1 2025.
- 2
Revenues from the APC segment increased by 23% to $1.6 million in Q1 2026.
- 3
FUEL CHEM segment revenue decreased to $4.5 million from $5.1 million.
- 4
The company's Q1 2026 net loss was $(1.4) million, or $(0.04) per share, compared to a net loss of $(0.7) million, or $(0.02) per share in Q1 2025.
- 5
APC segment gross margin expanded to 38.3% compared to 32.6% in the prior year.
- 6
At March 31, 2026, Fuel Tech's balance sheet included cash and equivalents of $30.6 million and no long-term debt.
- 7
Consolidated gross margin for Q1 2026 declined to 43.5% of revenues from 46.4% of revenues.
Management Comments
Vincent J. Arnone
“Our results for Q1 2026 reflected higher revenues for our Air Pollution Control (“APC”) business segment, another strong quarter from FUEL CHEM®, and continuing progress for our DGI® Dissolved Gas Infusion (“DGI”) division,” “We remain optimistic about the outlook for each of our businesses for full year 2026. On a proforma basis, including these recent awards, our APC backlog is at its highest level since 2018. We remain actively engaged with our supply chain partners and engineering colleagues in the pursuit of additional APC award opportunities. We expect another solid year for our FUEL CHEM business segment. For our DGI division, the extended demonstration of our high-efficiency water treatment system at a fish hatchery in the western U.S. is progressing well and generating positive results. This demonstration will conclude in the second quarter of 2026.”
Informational and educational content only. Not investment advice.