United States was Fuel Tech’s largest region in fiscal 2025, bringing in $21.02M of $26.68M (79%).
| Geography | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $20.31M | $21.40M | $17.80M | $21.02M | ||||||||||
| Foreign | — | — | — | — | ||||||||||
| Asia | $3.53M | — | — | — | ||||||||||
| Europe | $2.89M | $2.56M | $2.15M | $2.24M | ||||||||||
| Pacific Rim & Other Geographical Areas | — | $2.39M | $1.69M | $2.39M | ||||||||||
| South America | — | — | — | — | ||||||||||
| South Africa | — | $163.00K | $2.57M | $318.00K | ||||||||||
| Americas, Excluding United States | — | — | — | — | ||||||||||
| Americas | $213.00K | $577.00K | $924.00K | $707.00K | ||||||||||
| China | $3.00K | $2.00K | — | — | ||||||||||
| Beijing Fuel Tech | — | — | — | — | ||||||||||
| Total | $26.94M | $27.08M | $25.13M | $26.68M |
Fuel Tech brought in $26.68M from its five regions in fiscal 2025, the year ended December 31, 2025. That was up 6.1% from $25.13M in fiscal 2024. United States was the largest at $21.02M (78.8%), ahead of Pacific Rim & Other Geographical Areas at $2.39M (9.0%) and Europe at $2.24M (8.4%). The other two regions brought in $1.03M combined.
Compared with fiscal 2024, Pacific Rim & Other Geographical Areas grew fastest, up 41.4% to $2.39M, while Americas fell the most, down 23.5% to $707.00K.
Fuel Tech began breaking out Pacific Rim & Other Geographical Areas in fiscal 2023 and South Africa in fiscal 2023. Fuel Tech stopped reporting Asia ($3.53M in fiscal 2022) and China ($2.00K in fiscal 2023) as separate regions.
Technology Solutions was Fuel Tech’s largest product and service line in fiscal 2025, bringing in $23.19M of $26.68M (87%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Technology Solutions | $24.28M | $23.10M | $21.79M | $23.19M | ||||||
| Ancillary Revenue | $1.75M | $1.75M | $1.73M | $1.75M | ||||||
| Spare Parts | $911.00K | $2.24M | $1.62M | $1.74M | ||||||
| Total | $26.94M | $27.08M | $25.13M | $26.68M |
Fuel Tech brought in $26.68M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 6.1% from $25.13M in fiscal 2024. Technology Solutions was the largest at $23.19M (86.9%), ahead of Ancillary Revenue at $1.75M (6.6%) and Spare Parts at $1.74M (6.5%).
Compared with fiscal 2024, Spare Parts grew fastest, up 7.6% to $1.74M. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines fell from $26.94M to $26.68M, a compound annual decline of 0.3%. Technology Solutions' share of the total fell from 90.1% to 86.9%.
Fuel Chem was Fuel Tech’s largest segment in fiscal 2025, bringing in $17.77M of $26.68M (67%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fuel Chem | $16.34M | $13.60M | $13.89M | $17.77M | ||||||||||||
| Air Pollution Control | $10.60M | $13.48M | $11.24M | $8.91M | ||||||||||||
| Total | $26.94M | $27.08M | $25.13M | $26.68M |
Fuel Tech brought in $26.68M from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 6.1% from $25.13M in fiscal 2024. Fuel Chem was the largest at $17.77M (66.6%), ahead of Air Pollution Control at $8.91M (33.4%).
Compared with fiscal 2024, Fuel Chem grew 27.9% to $17.77M, while Air Pollution Control fell 20.8% to $8.91M. From fiscal 2022 to 2025, combined revenue from these segments fell from $26.94M to $26.68M, a compound annual decline of 0.3%. Fuel Chem's share of the total rose from 60.7% to 66.6%.
Fuel Tech (FTEK) reports its revenue by geography, by product and service and by segment. In fiscal 2025, United States was its largest region, bringing in $21.02M (78.8% of the total), followed by Pacific Rim & Other Geographical Areas at $2.39M (9.0%).
United States was Fuel Tech's largest region in fiscal 2025, bringing in $21.02M, or 78.8% of the $26.68M total across its five regions.
Technology Solutions was Fuel Tech's largest product and service line in fiscal 2025, bringing in $23.19M, or 86.9% of the $26.68M total across its three product and service lines.
Fuel Chem was Fuel Tech's largest segment in fiscal 2025, bringing in $17.77M, or 66.6% of the $26.68M total across its two segments.
Among Fuel Tech's regions that make up at least 2% of revenue, Pacific Rim & Other Geographical Areas grew fastest in fiscal 2025, up 41.4% from $1.69M to $2.39M.
Every figure comes from Fuel Tech's annual financial filings, as reported. Each line keeps the name Fuel Tech gives it, and years follow its fiscal calendar.
Fuel Tech's revenue by geography goes back to fiscal 2011, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.