Fuel Tech (FTEK) Operating Expenses (2010 - 2026)
Fuel Tech's (FTEK) quarterly Operating Expenses came in at $8.0 million in Q2 2026, up 17.24% on a YoY basis from $6.9 million in Q2 2025, and up 4.87% quarter-over-quarter from $7.7 million in Q1 2026.
Analysis
Fuel Tech (FTEK) Operating Expenses (2010 - 2026) Analysis & Trends
Fuel Tech (FTEK) has reported Operating Expenses for 17 consecutive years, with $8.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 17.24% year-over-year to $8.0 million; the trailing twelve-month figure through Jun 2026 stood at $31.9 million (up 7.61% YoY), and the FY2025 full-year result was $30.4 million, up 1.75% from the prior year.
- Operating Expenses grew to $8.0 million in Q2 2026 per FTEK's latest filing, from $7.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $8.7 million in Q4 2025 and bottomed at $6.5 million in Q1 2022.
- Historically, Operating Expenses has averaged $7.5 million across 5 years, with a median of $7.4 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses gained 21.87% in 2023, then declined 16.31% in 2024.
- Over 5 years, Operating Expenses stood at $7.3 million in 2022, then dropped by 1.72% to $7.1 million in 2023, then rose by 3.54% to $7.4 million in 2024, then grew by 17.21% to $8.7 million in 2025, then fell by 7.17% to $8.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $8.0 million, $7.7 million, and $8.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ceco Environmental | 3.31 Bn | 3.25 Bn | 86.47 Mn | 109.35 Mn |
| 2 | LanzaTech Global | 69.96 Mn | 24.99 Mn | 5.24 Mn | 18.89 Mn |
| 3 | Fuel Tech | 51.29 Mn | 31.68 Mn | 2.68 Mn | 8.05 Mn |
| 4 | 374Water | 43.09 Mn | 43.09 Mn | 1.98 Mn | 3.60 Mn |
| 5 | Birchtech | 27.20 Mn | 15.36 Mn | 1.03 Mn | 2.66 Mn |
| 6 | ClearSign Technologies | 24.66 Mn | 14.77 Mn | 228,000.00 | 1.73 Mn |
| 7 | Liqtech International | 14.28 Mn | -1.38 Mn | 365,539.00 | 2.70 Mn |
| 8 | TOMI Environmental Solutions | 13.07 Mn | 12.52 Mn | 1.39 Mn | 1.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.05 Mn |
| Mar 31, 2026 | 7.68 Mn |
| Dec 31, 2025 | 8.67 Mn |
| Sep 30, 2025 | 7.49 Mn |
| Jun 30, 2025 | 6.87 Mn |
| Mar 31, 2025 | 7.33 Mn |
| Dec 31, 2024 | 7.40 Mn |
| Sep 30, 2024 | 8.03 Mn |
| Jun 30, 2024 | 7.76 Mn |
| Mar 31, 2024 | 6.65 Mn |
| Dec 31, 2023 | 7.15 Mn |
| Sep 30, 2023 | 7.86 Mn |
| Jun 30, 2023 | 6.79 Mn |
| Mar 31, 2023 | 7.95 Mn |
| Dec 31, 2022 | 7.27 Mn |
| Sep 30, 2022 | 7.83 Mn |
| Jun 30, 2022 | 6.85 Mn |
| Mar 31, 2022 | 6.52 Mn |
| Dec 31, 2021 | 6.67 Mn |
| Sep 30, 2021 | 6.98 Mn |