Fuel Tech (FTEK) Operating Expenses (2010 - 2026)
Fuel Tech's (FTEK) quarterly Operating Expenses came in at $7.7 million in Q1 2026, up 4.66% YoY 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) Operating Expenses (2010 - 2026) Analysis & Trends
Fuel Tech (FTEK) has 17 years of Operating Expenses data on file, last reported at $7.7 million in Q1 2026.
- Quarterly Operating Expenses rose 4.66% year-over-year to $7.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $30.7 million (up 0.59% YoY) and the FY2025 annual result came in at $30.4 million, up 1.75% from the prior year.
- Operating Expenses declined to $7.7 million in Q1 2026, from $8.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $8.7 million in Q4 2025 to a low of $6.5 million in Q1 2022.
- A 5-year average of $7.4 million and a median of $7.4 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses rose 21.87% — and 2024, when it dropped 16.31%.
- Tracing FTEK's Operating Expenses over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veralto | 24.35 Bn | 22.23 Bn | 902.00 Mn | 587.00 Mn |
| 2 | Zurn Elkay Water Solutions | 8.16 Bn | 7.80 Bn | 288.30 Mn | 121.30 Mn |
| 3 | Federal Signal | 7.42 Bn | 7.35 Bn | 203.80 Mn | 78.30 Mn |
| 4 | Ceco Environmental | 3.17 Bn | 3.11 Bn | 86.47 Mn | 109.35 Mn |
| 5 | PureCycle Technologies | 1.24 Bn | 1.24 Bn | - | 45.85 Mn |
| 6 | Aduro Clean Technologies | 521.85 Mn | 493.18 Mn | - | 2.67 Mn |
| 7 | Energy Recovery | 398.07 Mn | 305.01 Mn | 8.96 Mn | 14.84 Mn |
| 8 | Arq | 94.31 Mn | 93.40 Mn | 11.51 Mn | 11.58 Mn |
| 9 | Fuel Tech | 43.03 Mn | 23.42 Mn | 2.68 Mn | 8.05 Mn |
| 10 | CleanCore Solutions | 34.84 Mn | 17.79 Mn | -419,259.00 | 18.56 Mn |
Historic Data
Download 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 |