Fuel Tech (FTEK) Revenue & Revenue Breakdown

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Fuel Tech Revenue Highlights

Latest Revenue (Y)

$26.68M

Latest Revenue (Q)

$7.49M

Main Segment (Y)

FUEL CHEM

Main Geography (Y)

UNITED STATES

Fuel Tech Revenue by Period

Fuel Tech Revenue by Year

Date	Revenue	Change
2025-12-31	$26.68M	6.14%
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 $26.68M in revenue during NA 2025, up 6.14% compared to the previous quarter, and up 118.30% compared to the same period a year ago.

Fuel Tech Revenue by Quarter

Date	Revenue	Change
2025-09-30	$7.49M	34.76%
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 $7.49M in revenue during Q3 2025, up 34.76% compared to the previous quarter, and up 106.36% 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 25	Dec 24	Dec 23	Dec 22	Dec 21
FUEL CHEM	$17.77M	$13.89M	$13.60M	$16.34M	$17.36M
Air Pollution Control	$5.42M	$7.90M	$9.50M	$10.60M	$6.90M
Other Segments	-	-	-	-	-

Fuel Tech's latest annual revenue breakdown by segment (product or service), as of Dec 25: FUEL CHEM (76.63%), and Air Pollution Control (23.37%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	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
Air Pollution Control	$1.98M	$1.23M	$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
FUEL CHEM	$4.85M	$4.78M	$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
Other Segments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Fuel Tech's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: FUEL CHEM (71.05%), and Air Pollution Control (28.95%).

Fuel Tech Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
UNITED STATES	$21.02M	$17.80M	$21.06M	$19.52M	-
Europe	$2.24M	$2.15M	$3.06M	$1.89M	-
Non-US	$5.66M	$7.33M	$6.02M	$4.75M	-
Pacific Rim and Other Geographical Areas	$2.39M	$1.69M	-	-	-
SOUTH AFRICA	$318.00K	$2.57M	-	-	-
Americas	$707.00K	$924.00K	$577.00K	-	-
Asia	-	-	$2.38M	$2.50M	-
CHINA	-	-	-	$3.00K	-
Americas, Excluding United States	-	-	-	-	$356.00K

Fuel Tech's latest annual revenue breakdown by geography, as of Dec 25: UNITED STATES (65.02%), Non-US (17.49%), Pacific Rim and Other Geographical Areas (7.40%), Europe (6.93%), Americas (2.19%), and SOUTH AFRICA (0.98%).

Quarterly Revenue by Country

Country	Dec 25	Sep 25	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
Non-US	$2.67M	$1.86M	$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	-	-	-	-	-
Europe	$357.00K	$698.00K	$707.00K	$477.00K	-	$1.53M	$856.00K	$2.06M	$1.00M	$922.00K	$404.00K	$555.00K	$663.00K	$301.00K	$375.00K	-	-	-	-	-
UNITED STATES	$5.59M	$5.63M	$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	-	-	-	-	-
Africa	-	$68.00K	$156.00K	$38.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Latin America	-	$166.00K	$65.00K	$348.00K	$208.00K	$315.00K	$157.00K	$60.00K	$69.00K	$121.00K	$142.00K	$75.00K	-	-	-	-	-	-	-	-
Asia	-	$932.00K	$188.00K	$160.00K	$664.00K	$191.00K	$1.19M	$1.19M	$1.11M	$1.37M	$1.46M	$726.00K	$187.00K	$120.00K	-	-	-	-	-	-
CHINA	-	-	-	-	-	-	-	-	-	$2.00K	-	$1.00K	$1.00K	$14.00K	-	-	-	-	-	-

Fuel Tech's latest quarterly revenue breakdown by geography, as of Dec 25: UNITED STATES (64.85%), Non-US (31.01%), and Europe (4.14%).

Fuel Tech Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SCWO	374Water	$445.44B	$760.42K
CBAT	CBAK Energy	$176.61B	$60.92B
FLX	BingEx	$4.53B	$1.15B
SHIM	Shimmick	$480.24M	$128.40M
SFWL	Shengfeng Development	$404.12M	$219.15M
JLHL	Julong Limited Class A Ordinary Shares	$173.65M	$14.13M
XCH	XCHG Limited American Depositary Share	$38.51M	$9.00M
FTEK	Fuel Tech	$26.68M	$7.49M
SUGP	SU Group Limited Ordinary Shares	$20.90M	$45.92M
RYM	RYTHM	$17.28M	$4.04M

FTEK Revenue FAQ

What is Fuel Tech’s yearly revenue?

Fuel Tech's yearly revenue for 2025 was $26.68M, representing an increase of 6.14% compared to 2024. The company's yearly revenue for 2024 was $25.13M, representing a decrease of -7.19% compared to 2023. FTEK's yearly revenue for 2023 was $27.08M, representing an increase of 0.52% compared to 2022.

What is Fuel Tech’s quarterly revenue?

Fuel Tech's quarterly revenue for Q3 2025 was $7.49M, a 34.76% increase from the previous quarter (Q2 2025), and a -4.60% decrease year-over-year (Q3 2024). The company'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). FTEK'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).

What is Fuel Tech’s revenue growth rate?

Fuel Tech's revenue growth rate for the last 3 years (2023-2025) was -1.49%, and for the last 5 years (2021-2025) was 9.96%.

What are Fuel Tech’s revenue streams?

Fuel Tech's revenue streams in c 25 are FUEL CHEM, and Air Pollution Control. FUEL CHEM generated $17.77M in revenue, accounting 76.63% of the company's total revenue, up 27.92% year-over-year. Air Pollution Control generated $5.42M in revenue, accounting 23.37% of the company's total revenue, down -31.37% year-over-year.

What is Fuel Tech’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Fuel Tech was FUEL CHEM. This segment made a revenue of $17.77M, representing 76.63% of the company's total revenue.