Fuel Tech, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 3, 2026, reporting a net loss for the third quarter and a wider year-to-date loss compared to the prior-year period.

Key Highlights

  • Q3 2026 Revenue: Revenues were $8,676 thousand for the three months ended September 30, 2026, up from $7,490 thousand in the same period of 2025, according to the filing.
  • Q3 2026 Net Loss: The company reported a net loss of $267 thousand for the third quarter of 2026, compared to net income of $303 thousand in Q3 2025.
  • Nine-Month Net Loss: For the nine months ended September 30, 2026, the net loss was $2,852 thousand, compared to a net loss of $1,125 thousand for the same period in 2025.
  • Total Assets: Total assets as of September 30, 2026 were $43,031 thousand, down from $47,179 thousand at December 31, 2025.
  • Cash and Short-Term Investments: Cash and cash equivalents were $6,830 thousand and short-term investments were $11,000 thousand as of September 30, 2026, compared to $11,939 thousand and $12,942 thousand, respectively, at December 31, 2025.
  • Shares Outstanding: As of October 31, 2026, there were 31,216,789 shares of common stock outstanding, par value $0.01 per share.
  • Stockholders' Equity: Total stockholders' equity was $37,151 thousand as of September 30, 2026, compared to $39,932 thousand at December 31, 2025.

Fuel Tech's Financial Results for the Three and Nine Months Ended September 30, 2026

According to the filing, Fuel Tech, Inc. (NASDAQ:FTEK) reported revenues of $8,676 thousand for the three months ended September 30, 2026, an increase from $7,490 thousand in the comparable quarter of 2025. Total costs and expenses for Q3 2026 were $9,199 thousand, compared to $7,486 thousand in Q3 2025, resulting in an operating loss of $523 thousand versus operating income of $4 thousand in the prior-year quarter. After interest income of $247 thousand and other income of $9 thousand, the company reported a loss before income taxes of $267 thousand for the quarter. Net loss per common share, both basic and diluted, was $(0.01) for Q3 2026, compared to net income per share of $0.01 in Q3 2025.

For the nine months ended September 30, 2026, the filing disclosed revenues of $21,241 thousand versus $19,430 thousand in the same period of 2025. Operating loss for the nine-month period widened to $3,684 thousand from $2,256 thousand in the prior year. Net loss for the nine months was $2,852 thousand, compared to a net loss of $1,125 thousand in the first nine months of 2025. Basic and diluted net loss per share were each $(0.09) for the nine months ended September 30, 2026, compared to $(0.04) in the year-ago period.

The condensed consolidated balance sheet as of September 30, 2026 showed an accumulated deficit of $124,648 thousand, up from $121,796 thousand at December 31, 2025. The company's long-term investments increased to $9,950 thousand from $6,991 thousand over the same period. Research and development expenses for the nine months ended September 30, 2026 were $1,941 thousand, compared to $1,510 thousand in the prior-year period, according to the filing.

What Was Disclosed

Fuel Tech, Inc. filed its quarterly report covering the period ended September 30, 2026, disclosing a Q3 net loss of $267 thousand on revenues of $8,676 thousand, a nine-month net loss of $2,852 thousand, and total assets of $43,031 thousand, with 31,216,789 shares outstanding as of October 31, 2026.