Fuel Tech, Inc. (FTEK) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -847K | -1.57M | 3.1M | -21K | 1.51M | -1.65M | 879K | -1.59M | -1.07M | 305K | 374K | -993K | 1.01M | -1.55M | 730K | -1.57M | -1.75M | 189K | 343K | 454K |
| Operating CF Margin % | -13.93% | -21.62% | 41.34% | -0.38% | 23.63% | -31.19% | 11.2% | -22.56% | -21.69% | 4.81% | 4.68% | -18.18% | 13.86% | -22.05% | 9.11% | -24.73% | -31.54% | 2.93% | 4.54% | 8.7% |
| Operating CF Growth % | -156.17% | 4.92% | 252.22% | 98.68% | 240.28% | -640.33% | 135.03% | -60.02% | -206.44% | 119.7% | -48.77% | 36.95% | 157.85% | -919.05% | 112.83% | -446.92% | -676% | -67.64% | 178.86% | 130.09% |
| Net Income | -1.35M | -1.2M | 303K | -689K | -739K | -1.88M | 80K | -421K | 281K | -539K | 459K | -1.04M | -414K | -402K | 314K | -356K | -998K | -244K | 678K | -778K |
| Depreciation & Amortization | 175K | 182K | 172K | 163K | 173K | 170K | 98K | 96K | 96K | 49K | 109K | 94K | 90K | 103K | 105K | 124K | 108K | 170K | 181K | 188K |
| Stock-Based Compensation | 56K | 57K | 57K | 102K | 110K | 109K | 109K | 124K | 104K | 101K | 101K | 98K | 89K | 88K | 90K | 28K | 18K | 0 | 21K | 20K |
| Deferred Taxes | 0 | 11K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5K | 0 | 0 |
| Other Non-Cash Items | 277K | 31K | -1K | -31K | -50K | -23K | -37K | -63K | -9K | -109K | -116K | -108K | -95K | -28K | -88K | 68K | -25K | -555K | -25K | -13K |
| Working Capital Changes | 0 | -649K | 2.56M | 434K | 2.01M | -21K | 629K | -1.32M | -1.55M | 803K | -179K | -33K | 1.34M | -1.31M | 309K | -1.44M | -849K | 813K | -512K | 1.04M |
| Change in Receivables | 1.18M | -548K | 1.52M | -549K | 3.77M | -282K | -511K | -1.58M | -427K | 1.03M | -961K | -24K | 990K | -999K | -204K | -1.73M | -1.52M | 2.39M | -1.67M | 1.25M |
| Change in Inventory | 9K | 30K | 214K | -81K | -137K | 44K | 21K | 75K | -99K | -114K | 203K | -19K | -116K | -1K | 14K | -45K | -13K | -220K | 65K | -38K |
| Change in Payables | -1.09M | 818K | 273K | 507K | -1.34M | -323K | 318K | 1.09M | -563K | -467K | -211K | -551K | 934K | 65K | 282K | 130K | 682K | 208K | -37K | -69K |
| Cash from Investing | -1.91M | -220K | 65K | -992K | 1.69M | -2.06M | 923K | 694K | -5M | 3.78M | -1.94M | 427K | -8.71M | 480K | -9.82M | -85K | -53K | 500K | -347K | -233K |
| Capital Expenditures | 0 | -443K | -130K | -36K | -65K | -62K | -112K | -90K | -114K | -217K | -98K | -73K | -30K | -20K | -48K | -85K | -53K | 500K | -347K | -233K |
| CapEx % of Revenue | - | 6.11% | 1.74% | 0.65% | 1.02% | 1.17% | 1.43% | 1.28% | 2.3% | 3.42% | 1.23% | 1.34% | 0.41% | 0.28% | 0.6% | 1.33% | 0.96% | 7.75% | 4.59% | 4.47% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 4.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.84M | 0 | 0 | 500K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -34K | 0 | 0 | -198K | -24K | 0 | 0 | -95K | 0 | 0 | 0 | 42K | 0 | 0 | 0 | 0 | -17K | 0 | 0 | 0 |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | -198K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -198K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -34K | 0 | 0 | 0 | -24K | 0 | 0 | -95K | 0 | 0 | 0 | 42K | 0 | 0 | 0 | 0 | -17K | 0 | 0 | 0 |
| Net Change in Cash | -2.83M | -1.74M | 3.09M | -1.23M | 3.31M | -3.76M | 1.87M | -978K | -6.2M | 4.09M | -1.65M | -564K | -7.63M | -754K | -9.22M | -1.94M | -1.81M | 732K | -240K | 431K |
| Free Cash Flow | -847K | -2.01M | 2.97M | -21K | 1.44M | -1.71M | 767K | -1.68M | -1.19M | 88K | 276K | -1.07M | 980K | -1.57M | 682K | -1.66M | -1.8M | 689K | -4K | 221K |
| FCF Margin % | -13.93% | -27.74% | 39.6% | -0.38% | 22.61% | -32.37% | 9.77% | -23.84% | -23.99% | 1.39% | 3.46% | -19.52% | 13.45% | -22.33% | 8.51% | -26.07% | -32.5% | 10.68% | -0.05% | 4.24% |
| FCF Growth % | -158.7% | -17.54% | 286.7% | 98.75% | 221.36% | -2043.18% | 177.9% | -57.5% | -221.33% | 105.61% | -59.53% | 35.78% | 154.47% | -327.58% | 17150% | -851.13% | -685.59% | 26.89% | -110.26% | 113.67% |
| FCF per Share | -0.03 | -0.06 | 0.09 | -0.00 | 0.05 | -0.06 | 0.02 | -0.06 | -0.04 | 0.00 | 0.01 | -0.04 | 0.03 | -0.05 | 0.02 | -0.05 | -0.06 | 0.02 | -0.00 | 0.01 |
| FCF Conversion (FCF/Net Income) | 0.63x | 1.31x | 10.22x | 0.03x | -2.04x | 0.88x | 10.99x | 3.77x | -3.83x | -0.57x | 0.81x | 0.95x | -2.44x | 3.85x | 2.32x | 4.42x | 1.75x | -0.77x | 0.51x | -0.58x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |