燃料技术 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ______to______.Commission file number: 001-33059 FUEL TECH, INC. (Exact name of registrant as specified in its charter) 20-5657551(I.R.S. EmployerIdentification Number) Delaware(State or other jurisdiction ofincorporation of organization) Fuel Tech, Inc.27601 Bella Vista ParkwayWarrenville, IL 60555-1617630-845-4500www.ftek.com(Address and telephone number of principal executive offices)________________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Largeacceleratedfiler☐Non-accelerated filer☒ Acceleratedfiler☐Smallerreportingcompany☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).Yes☐No☒ On July 31, 2026there were outstanding 31,216,789 shares of Common Stock, par value $0.01 per share, of the registrant. FUEL TECH, INC.Form 10-Q for the six-month period ended June 30, 2026 INDEX PART I. FINANCIAL INFORMATIONItem1.Financial Statements (Unaudited)1Condensed Consolidated Balance Sheets as of June 30, 2026and December 31, 20251Condensed Consolidated Statements of Operations for the Three and SixMonths Ended June 30, 2026 and 20252Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended June 30,2026 and 20253Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended June 30, 2026 and20254Condensed Consolidated Statements of Cash Flows for the Six Months Ended June30, 2026 and 20255Notes to Condensed Consolidated Financial Statements6Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations15Item 3.Quantitative and Qualitative Disclosures about Market Risk17Item 4.Controls and Procedures17PARTII. OTHER INFORMATION18Item 1.Legal Proceedings18Item 1A. Risk Factors18Item 2.Unregistered Sales of Equity Securities and Use of Proceeds18Item 5.Other Information18Item 6.Exhibits18SIGNATURES19 PART I.FINANCIAL INFORMATION Item 1.Financial Statements FUEL TECH, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(in thousands, except share and per share data) FUEL TECH, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(in thousands, except share and per-share data) FUEL TECH, INC.CONDENSED STATEMENTS OF STOCKHOLDERS’ EQUITY(Unaudited)(in thousands of dollars or shares, as appropriate) The following summarizes the changes in total stockholders' equity for the three and six months ended June 30, 2025: See notes to condensed consolidated financial statements. FUEL TECH, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(in thousands) FUEL TECH, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSJune 30, 2026(Unaudited)(in thousands, except share and per-share data) 1.General Organization Fuel Tech, Inc. and subsidiaries ("Fuel Tech", the "Company", "we", "us" or "our") develops and providesproprietary technologiesfor air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enablecustomers to operate in a cost-effective and environmentally sustainable manner. The Company’s nitrogen oxide (NOx) reduction technologies reduce nitrogen oxide emissions from boilers, furnaces, and otherstationary combustion sources.To reduce NOx emissions, our technologies utilize advanced combustion modification techniquesandpost-combustion NOx control approaches including non-catalytic,catalytic,an