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
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 |
| 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 |