Growth Metrics

Fuel Tech (FTEK) Operating Expenses (2010 - 2026)

Fuel Tech posted quarterly Operating Expenses of $7.7 million for Q1 2026, up 4.66% year-on-year from $7.3 million in Q1 2025, and down 11.49% on a QoQ basis from $8.7 million in Q4 2025.

Fuel Tech (FTEK) has 17 years of Operating Expenses data on file, last reported at $7.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 4.66% year-over-year to $7.7 million; the trailing twelve-month figure through Mar 2026 stood at $30.7 million (up 0.59% YoY), and the FY2025 full-year result was $30.4 million, up 1.75% from the prior year.
  • Operating Expenses for Q1 2026 stood at $7.7 million, down from $8.7 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.
  • The 5-year median for Operating Expenses is $7.4 million (2024), against an average of $7.4 million.
  • The widest annual swing landed in 2023, when Operating Expenses rose 21.87%; it then dropped 16.31% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $7.3 million in 2022, then slipped by 1.72% to $7.1 million in 2023, then increased by 3.54% to $7.4 million in 2024, then climbed by 17.21% to $8.7 million in 2025, then retreated by 11.49% to $7.7 million in 2026.
  • The last three Operating Expenses figures came in at $7.7 million (Q1 2026), $8.7 million (Q4 2025), and $7.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veralto 20.72 Bn 19.29 Bn 854.00 Mn 516.00 Mn
2 Zurn Elkay Water Solutions 7.83 Bn 7.56 Bn 205.80 Mn 109.10 Mn
3 Federal Signal 6.47 Bn 6.40 Bn 179.40 Mn 72.00 Mn
4 Ceco Environmental 2.82 Bn 2.78 Bn 63.92 Mn 56.37 Mn
5 PureCycle Technologies 2.21 Bn 2.11 Bn - 31.39 Mn
6 Euro Tech Holdings 1.36 Bn 1.34 Bn - -
7 Energy Recovery 421.81 Mn 335.66 Mn 2.70 Mn 17.56 Mn
8 CleanCore Solutions 173.22 Mn 156.17 Mn -419,259.00 18.56 Mn
9 Arq 116.43 Mn 111.76 Mn 9.94 Mn 10.92 Mn
10 Fuel Tech 4.19 Mn -17.39 Mn 2.64 Mn 7.68 Mn

Historic Data

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DateValue
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
Jun 30, 2021 5.91 Mn
Mar 31, 2021 6.19 Mn
Dec 31, 2020 7.88 Mn
Sep 30, 2020 5.72 Mn
Jun 30, 2020 6.83 Mn
Mar 31, 2020 6.46 Mn
Dec 31, 2019 9.64 Mn
Sep 30, 2019 7.81 Mn
Jun 30, 2019 9.79 Mn
Mar 31, 2019 11.46 Mn
Dec 31, 2018 14.96 Mn
Sep 30, 2018 15.02 Mn
Jun 30, 2018 13.47 Mn
Mar 31, 2018 12.98 Mn
Dec 31, 2017 12.94 Mn
Sep 30, 2017 13.68 Mn
Jun 30, 2017 15.34 Mn
Mar 31, 2017 10.27 Mn
Dec 31, 2016 15.96 Mn
Sep 30, 2016 14.85 Mn
Jun 30, 2016 16.65 Mn
Mar 31, 2016 20.41 Mn
Dec 31, 2015 18.18 Mn
Sep 30, 2015 22.47 Mn
Jun 30, 2015 20.93 Mn
Mar 31, 2015 17.51 Mn
Dec 31, 2014 43.48 Mn
Sep 30, 2014 20.04 Mn
Jun 30, 2014 20.86 Mn
Mar 31, 2014 19.80 Mn
Dec 31, 2013 23.71 Mn
Sep 30, 2013 28.22 Mn
Jun 30, 2013 26.96 Mn
Mar 31, 2013 22.44 Mn
Dec 31, 2012 25.70 Mn
Sep 30, 2012 23.30 Mn
Jun 30, 2012 20.72 Mn
Mar 31, 2012 22.72 Mn
Dec 31, 2011 25.02 Mn
Sep 30, 2011 21.11 Mn
Jun 30, 2011 18.08 Mn
Mar 31, 2011 19.82 Mn
Dec 31, 2010 22.68 Mn
Sep 30, 2010 18.80 Mn
Jun 30, 2010 19.25 Mn