Fuel Tech (FTEK) Operating Expenses (2010 - 2026)
Fuel Tech (FTEK) reported Operating Expenses of $7.7 million for Q1 2026, up 4.66% on a YoY basis from $7.3 million in Q1 2025, and down 11.49% quarter-over-quarter from $8.7 million in Q4 2025.
Fuel Tech (FTEK) Operating Expenses (2010 - 2026) Analysis & Trends
Fuel Tech has reported Operating Expenses for 17 years, with the latest figure 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.
- The five-year high for Operating Expenses was $8.7 million in Q4 2025, with the low at $6.5 million in Q1 2022.
- Historically, Operating Expenses has averaged $7.4 million across 5 years, with a median of $7.4 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses rose 21.87% — and 2024, when it dropped 16.31%.
- Fuel Tech's Operating Expenses stood at $7.3 million in 2022, then decreased by 1.72% to $7.1 million in 2023, then grew by 3.54% to $7.4 million in 2024, then advanced by 17.21% to $8.7 million in 2025, then fell 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 | Aduro Clean Technologies | 856.39 Bn | 856.36 Bn | - | 3.04 Mn |
| 2 | Veralto | 20.76 Bn | 19.33 Bn | 854.00 Mn | 516.00 Mn |
| 3 | Zurn Elkay Water Solutions | 8.35 Bn | 8.08 Bn | 205.80 Mn | 109.10 Mn |
| 4 | Federal Signal | 7.20 Bn | 7.13 Bn | 179.40 Mn | 72.00 Mn |
| 5 | Ceco Environmental | 3.52 Bn | 3.48 Bn | 63.92 Mn | 56.37 Mn |
| 6 | PureCycle Technologies | 1.57 Bn | 1.47 Bn | - | 31.39 Mn |
| 7 | Energy Recovery | 497.64 Mn | 411.49 Mn | 2.70 Mn | 17.56 Mn |
| 8 | CleanCore Solutions | 210.18 Mn | 193.13 Mn | -419,259.00 | 18.56 Mn |
| 9 | Arq | 118.94 Mn | 114.26 Mn | 9.94 Mn | 10.92 Mn |
| 10 | Fuel Tech | 4.36 Mn | -17.22 Mn | 2.64 Mn | 7.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |