Fuel Tech, Inc. (FTEK) stock
FTEKNasdaqIndustrial & Commercial Fans & Blowers & Air Purifing EquipFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 9/3037% below fair value
$1.31−0.05 (-3.68%)
Close on Nov 13, 2026Market cap $40.89MP/E –Yield –
Fuel Tech r&d expenses
Research and development expenses are spending on new products and technology.
Fuel Tech's R&D Expenses for the twelve months ending Jun 30, 2026 was $2.12M, up 16.3% year over year. For fiscal 2025 it was $2.01M, up 28.8% from the year before. Over ten years it grew 3.4% a year on average. The highest annual figure on record is $2.86M in fiscal 2012.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.01M | +28.8% |
| FY2024 | Dec 31, 2024 | $1.56M | +3.5% |
| FY2023 | Dec 31, 2023 | $1.51M | +68.8% |
| FY2022 | Dec 31, 2022 | $895.00K | -32.8% |
| FY2021 | Dec 31, 2021 | $1.33M | +13.2% |
| FY2020 | Dec 31, 2020 | $1.18M | +4.4% |
| FY2019 | Dec 31, 2019 | $1.13M | +5.0% |
| FY2018 | Dec 31, 2018 | $1.07M | +0.3% |
| FY2017 | Dec 31, 2017 | $1.07M | -38.9% |
| FY2016 | Dec 31, 2016 | $1.75M | +21.1% |
| FY2015 | Dec 31, 2015 | $1.45M | -0.8% |
| FY2014 | Dec 31, 2014 | $1.46M | -40.3% |
| FY2013 | Dec 31, 2013 | $2.44M | -14.7% |
| FY2012 | Dec 31, 2012 | $2.86M | +94.2% |
| FY2011 | Dec 31, 2011 | $1.47M | +55.5% |
| FY2010 | Dec 31, 2010 | $948.00K | +74.9% |
| FY2009 | Dec 31, 2009 | $542.00K | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | $646.00K | +31.8% |
| Q1 FY2026 | Mar 31, 2026 | $524.00K | -8.1% |
| Q4 FY2025 | Dec 31, 2025 | $504.00K | +24.4% |
| Q3 FY2025 | Sep 30, 2025 | $450.00K | +24.7% |
| Q2 FY2025 | Jun 30, 2025 | $490.00K | +16.1% |
| Q1 FY2025 | Mar 31, 2025 | $570.00K | +51.6% |
| Q4 FY2024 | Dec 31, 2024 | $405.00K | +10.4% |
| Q3 FY2024 | Sep 30, 2024 | $361.00K | -29.6% |
| Q2 FY2024 | Jun 30, 2024 | $422.00K | +2.2% |
| Q1 FY2024 | Mar 31, 2024 | $376.00K | +72.5% |
| Q4 FY2023 | Dec 31, 2023 | $367.00K | +105.0% |
| Q3 FY2023 | Sep 30, 2023 | $513.00K | +147.8% |
| Q2 FY2023 | Jun 30, 2023 | $413.00K | +42.9% |
| Q1 FY2023 | Mar 31, 2023 | $218.00K | -0.9% |
| Q4 FY2022 | Dec 31, 2022 | $179.00K | -31.7% |
| Q3 FY2022 | Sep 30, 2022 | $207.00K | -39.1% |
| Q2 FY2022 | Jun 30, 2022 | $289.00K | -8.3% |
| Q1 FY2022 | Mar 31, 2022 | $220.00K | -47.0% |
| Q4 FY2021 | Dec 31, 2021 | $262.00K | -11.8% |
| Q3 FY2021 | Sep 30, 2021 | $340.00K | +19.3% |
| Q2 FY2021 | Jun 30, 2021 | $315.00K | +16.2% |
| Q1 FY2021 | Mar 31, 2021 | $415.00K | +28.1% |
| Q4 FY2020 | Dec 31, 2020 | $297.00K | -2.3% |
| Q3 FY2020 | Sep 30, 2020 | $285.00K | -19.0% |
| Q2 FY2020 | Jun 30, 2020 | $271.00K | +32.2% |
| Q1 FY2020 | Mar 31, 2020 | $324.00K | +21.8% |
| Q4 FY2019 | Dec 31, 2019 | $304.00K | +17.4% |
| Q3 FY2019 | Sep 30, 2019 | $352.00K | +32.8% |
| Q2 FY2019 | Jun 30, 2019 | $205.00K | -21.5% |
| Q1 FY2019 | Mar 31, 2019 | $266.00K | -7.6% |
| Q4 FY2018 | Dec 31, 2018 | $259.00K | -10.7% |
| Q3 FY2018 | Sep 30, 2018 | $265.00K | +22.7% |
| Q2 FY2018 | Jun 30, 2018 | $261.00K | -6.8% |
| Q1 FY2018 | Mar 31, 2018 | $288.00K | +1.4% |
| Q4 FY2017 | Dec 31, 2017 | $290.00K | -7.6% |
| Q3 FY2017 | Sep 30, 2017 | $216.00K | -67.9% |
| Q2 FY2017 | Jun 30, 2017 | $280.00K | – |
| Q1 FY2017 | Mar 31, 2017 | $284.00K | – |
| Q4 FY2016 | Dec 31, 2016 | $314.00K | – |
| Q3 FY2016 | Sep 30, 2016 | $672.00K | – |
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