Fuel Tech (FTEK) Revenue & Revenue Breakdown

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Fuel Tech Revenue Highlights

Latest Revenue (Y)

$25.13M

Latest Revenue (Q)

$5.56M

Main Segment (Y)

FUEL CHEM

Main Geography (Y)

UNITED STATES

Fuel Tech Revenue by Period

Fuel Tech Revenue by Year

Date	Revenue	Change
2024-12-31	$25.13M	-7.19%
2023-12-31	$27.08M	0.52%
2022-12-31	$26.94M	11.05%
2021-12-31	$24.26M	7.59%
2020-12-31	$22.55M	-25.99%
2019-12-31	$30.47M	-46.11%
2018-12-31	$56.53M	25.17%
2017-12-31	$45.17M	-18.12%
2016-12-31	$55.16M	-25.12%
2015-12-31	$73.66M	-6.77%
2014-12-31	$79.02M	-27.73%
2013-12-31	$109.34M	11.98%
2012-12-31	$97.64M	4.24%
2011-12-31	$93.67M	14.52%
2010-12-31	$81.80M	14.56%
2009-12-31	$71.40M	-11.94%
2008-12-31	$81.07M	0.97%
2007-12-31	$80.30M	6.90%
2006-12-31	$75.11M	41.92%
2005-12-31	$52.93M	71.67%
2004-12-31	$30.83M	-13.72%
2003-12-31	$35.74M	9.53%
2002-12-31	$32.63M	84.63%
2001-12-31	$17.67M	-19.33%
2000-12-31	$21.91M	-34.22%
1999-12-31	$33.30M	28.57%
1998-12-31	$25.90M	25800.00%
1997-12-31	$100.00K	-50.00%
1996-12-31	$200.00K	-
1995-12-31	$200.00K	-
1994-12-31	$200.00K	100.00%
1993-12-31	$100.00K	-

Fuel Tech generated $25.13M in revenue during NA 2024, up -7.19% compared to the previous quarter, and up 82.49% compared to the same period a year ago.

Fuel Tech Revenue by Quarter

Date	Revenue	Change
2025-06-30	$5.56M	-12.91%
2025-03-31	$6.38M	20.80%
2024-12-31	$5.28M	-32.71%
2024-09-30	$7.85M	11.49%
2024-06-30	$7.04M	42.06%
2024-03-31	$4.96M	-21.88%
2023-12-31	$6.34M	-20.57%
2023-09-30	$7.99M	46.27%
2023-06-30	$5.46M	-25.06%
2023-03-31	$7.29M	3.79%
2022-12-31	$7.02M	-12.42%
2022-09-30	$8.02M	25.90%
2022-06-30	$6.37M	15.05%
2022-03-31	$5.54M	-14.20%
2021-12-31	$6.45M	-14.66%
2021-09-30	$7.56M	44.86%
2021-06-30	$5.22M	3.68%
2021-03-31	$5.03M	-19.03%
2020-12-31	$6.22M	-23.78%
2020-09-30	$8.15M	85.30%
2020-06-30	$4.40M	16.49%
2020-03-31	$3.78M	-23.09%
2019-12-31	$4.91M	-23.87%
2019-09-30	$6.45M	-27.89%
2019-06-30	$8.95M	-11.89%
2019-03-31	$10.15M	-35.84%
2018-12-31	$15.83M	-1.51%
2018-09-30	$16.07M	35.65%
2018-06-30	$11.85M	-7.38%
2018-03-31	$12.79M	-4.44%
2017-12-31	$13.39M	-1.20%
2017-09-30	$13.55M	39.08%
2017-06-30	$9.74M	14.72%
2017-03-31	$8.49M	-11.26%
2016-12-31	$9.57M	-24.04%
2016-09-30	$12.60M	-17.00%
2016-06-30	$15.18M	-14.85%
2016-03-31	$17.82M	-2.08%
2015-12-31	$18.20M	-16.04%
2015-09-30	$21.68M	16.03%
2015-06-30	$18.68M	23.70%
2015-03-31	$15.10M	-19.17%
2014-12-31	$18.68M	-13.02%
2014-09-30	$21.48M	6.40%
2014-06-30	$20.19M	8.19%
2014-03-31	$18.66M	-22.91%
2013-12-31	$24.21M	-27.86%
2013-09-30	$33.55M	15.34%
2013-06-30	$29.09M	29.39%
2013-03-31	$22.48M	-15.52%
2012-12-31	$26.61M	6.85%
2012-09-30	$24.91M	19.11%
2012-06-30	$20.91M	-17.06%
2012-03-31	$25.21M	-9.96%
2011-12-31	$28.00M	16.56%
2011-09-30	$24.02M	26.30%
2011-06-30	$19.02M	-15.92%
2011-03-31	$22.62M	-9.50%
2010-12-31	$25.00M	23.27%
2010-09-30	$20.28M	7.28%
2010-06-30	$18.90M	7.29%
2010-03-31	$17.62M	-5.71%
2009-12-31	$18.68M	13.40%
2009-09-30	$16.48M	-12.93%
2009-06-30	$18.92M	9.27%
2009-03-31	$17.32M	-4.39%
2008-12-31	$18.11M	-23.58%
2008-09-30	$23.70M	26.14%
2008-06-30	$18.79M	-8.19%
2008-03-31	$20.47M	-37.18%
2007-12-31	$32.58M	-

Fuel Tech generated $5.56M in revenue during Q2 2025, up -12.91% compared to the previous quarter, and up 112.12% compared to the same period a year ago.

Fuel Tech Revenue Breakdown

Fuel Tech Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Air Pollution Control	$7.90M	$9.50M	$10.60M	$6.90M	$8.56M
FUEL CHEM	$13.89M	$13.60M	$16.34M	$17.36M	$13.99M
Other Segments	-	-	-	-	-

Fuel Tech's latest annual revenue breakdown by segment (product or service), as of Dec 24: FUEL CHEM (63.76%), and Air Pollution Control (36.24%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
FUEL CHEM	$3.05M	$5.08M	$6.63M	$4.63M	$2.64M	$3.55M	$4.28M	$2.04M	$3.73M	$4.09M	$5.29M	$3.63M	$3.33M	$3.39M	$5.62M	$4.23M	$4.13M	$3.68M	$2.55M	-
Air Pollution Control	$1.64M	$571.00K	$3.68M	$2.55M	$1.66M	$247.00K	$3.71M	$2.56M	$2.98M	$2.93M	$2.73M	$2.74M	$2.20M	$3.06M	$1.94M	$986.00K	$907.00K	$2.54M	$-304.00K	-
Other Segments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fuel Chem Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.46M
Air Pollution Control Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.94M

Fuel Tech's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: FUEL CHEM (65.00%), and Air Pollution Control (35.00%).

Fuel Tech Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Europe	$2.15M	$3.06M	$1.89M	-	-
Non-US	$7.33M	$6.02M	$4.75M	-	-
SOUTH AFRICA	$2.57M	-	-	-	-
UNITED STATES	$17.80M	$21.06M	$19.52M	-	-
Americas	$924.00K	$577.00K	-	-	-
Asia	-	$2.38M	$2.50M	-	-
CHINA	-	-	$3.00K	$24.00K	-
Americas, Excluding United States	-	-	-	$356.00K	-

Fuel Tech's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (57.85%), Non-US (23.82%), SOUTH AFRICA (8.35%), Europe (6.97%), and Americas (3.00%).

Quarterly Revenue by Country

Country	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Latin America	$65.00K	$348.00K	$208.00K	$315.00K	$157.00K	$60.00K	$69.00K	$121.00K	$142.00K	$75.00K	$195.00K	-	-	-	-	-	-	-	-	-
Europe	$707.00K	$477.00K	-	$1.53M	$856.00K	$2.06M	$1.00M	$922.00K	$404.00K	$555.00K	$663.00K	$301.00K	$375.00K	$904.00K	$197.00K	-	-	-	-	-
Asia	$188.00K	$160.00K	$664.00K	$191.00K	$1.19M	$1.19M	$1.11M	$1.37M	$1.46M	$726.00K	$187.00K	$120.00K	$583.00K	$835.00K	-	-	-	-	-	-
Africa	$156.00K	$38.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-US	$1.12M	$1.02M	$3.57M	$2.40M	$1.36M	$3.67M	$2.35M	$2.09M	$1.85M	$2.04M	$1.51M	$630.00K	$570.00K	$1.68M	$1.09M	-	-	-	-	-
UNITED STATES	$4.44M	$5.36M	$8.75M	$5.45M	$3.60M	$15.42M	$5.64M	$4.28M	$3.69M	$4.42M	$6.05M	$4.59M	$4.46M	$6.47M	$3.31M	-	-	-	-	-
CHINA	-	-	-	-	-	-	-	$2.00K	-	$1.00K	$1.00K	$14.00K	-	-	-	-	-	-	-	-
South America	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$59.00K

Fuel Tech's latest quarterly revenue breakdown by geography, as of Jun 25: UNITED STATES (66.56%), Non-US (16.72%), Europe (10.59%), Asia (2.82%), Africa (2.34%), and Latin America (0.97%).

Fuel Tech Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SCWO	374Water	$445.44B	$594.97K
CBAT	CBAK Energy	$176.61B	$40.52M
NNBR	NN	$464.29M	$107.92M
DHX	DHI Group	$141.93M	$32.30M
BAER	Bridger Aerospace Group	$98.61M	$15.65M
FLUX	Flux Power	$66.43M	$16.83M
DFLI	Dragonfly Energy	$50.65M	$13.36M
XCH	XCHG Limited American Depositary Share	$38.51M	$9.00M
OPXS	Optex Systems	$33.99M	$10.73M
FTEK	Fuel Tech	$25.13M	$5.56M
RYM	RYTHM	$9.68M	$2.04M

FTEK Revenue FAQ

What is Fuel Tech’s yearly revenue?

Fuel Tech's yearly revenue for 2024 was $25.13M, representing a decrease of -7.19% compared to 2023. The company's yearly revenue for 2023 was $27.08M, representing an increase of 0.52% compared to 2022. FTEK's yearly revenue for 2022 was $26.94M, representing an increase of 11.05% compared to 2021.

What is Fuel Tech’s quarterly revenue?

Fuel Tech's quarterly revenue for Q2 2025 was $5.56M, a -12.91% decrease from the previous quarter (Q1 2025), and a -21.07% decrease year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $6.38M, a 20.80% increase from the previous quarter (Q4 2024), and a 28.75% increase year-over-year (Q1 2024). FTEK's quarterly revenue for Q4 2024 was $5.28M, a -32.71% decrease from the previous quarter (Q3 2024), and a -16.74% decrease year-over-year (Q4 2023).

What is Fuel Tech’s revenue growth rate?

Fuel Tech's revenue growth rate for the last 3 years (2022-2024) was -6.71%, and for the last 5 years (2020-2024) was 11.45%.

What are Fuel Tech’s revenue streams?

Fuel Tech's revenue streams in c 24 are Air Pollution Control, and FUEL CHEM. Air Pollution Control generated $7.9M in revenue, accounting 36.24% of the company's total revenue, down -16.85% year-over-year. FUEL CHEM generated $13.89M in revenue, accounting 63.76% of the company's total revenue, up 2.15% year-over-year.

What is Fuel Tech’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Fuel Tech was FUEL CHEM. This segment made a revenue of $13.89M, representing 63.76% of the company's total revenue.