FutureFuel Corp. (FF) Income Statement
FF 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFF revenue and net income
Where FF's revenue goes
2025Each bar shows an amount and its share of revenue. FF kept −51.6% of revenue as net income.
FF profit margins
FF growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −60.7% | −37.7% | −14.1% | −10.8% |
| Gross profit | −307.1% | — | — | — |
| Operating income | −951.4% | — | — | — |
| Net income | −418.6% | — | — | — |
| EPS (diluted) | −422.9% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FF quarterly EPS vs estimates
Next report: November 9, 2026.
FF income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $95.7M | $243.3M | $368.2M | $396.0M | $321.4M | $204.5M | $205.2M | $291.0M | $275.0M | $253.2M |
| Cost of revenue | $136.4M | $223.7M | $327.3M | $367.0M | $297.8M | $173.2M | $131.1M | $217.6M | $254.8M | $206.3M |
| Gross profit | −$40.7M | $19.6M | $41.0M | $29.0M | $23.5M | $31.3M | $74.1M | $73.4M | $20.3M | $46.9M |
| Research & development | $3.9M | $4.0M | $4.4M | $3.4M | $3.5M | $3.0M | $3.2M | $3.5M | $3.7M | $2.7M |
| Sales, general & admin | $9.7M | $9.3M | $9.1M | $8.0M | $7.2M | $6.0M | $5.6M | $6.4M | $6.7M | $7.6M |
| Total operating expenses | $13.6M | $13.3M | $13.6M | $11.4M | $10.6M | $9.0M | $8.8M | $10.0M | $10.4M | $10.3M |
| Operating income | −$54.3M | $6.4M | $27.4M | $17.5M | $12.9M | $22.3M | $65.3M | $63.4M | $9.9M | $36.5M |
| Interest income | $3.9M | $7.7M | $8.8M | $3.8M | $3.1M | $5.6M | $10.1M | $9.2M | $7.8M | $6.2M |
| Interest expense | $153,000 | $138,000 | $138,000 | $128,000 | $131,000 | $151,000 | $173,000 | $173,000 | $172,000 | $173,000 |
| Income before taxes | −$49.2M | $16.3M | $37.4M | $13.7M | $15.9M | $31.8M | $79.8M | $60.2M | $16.6M | $40.8M |
| Income taxes | $165,000 | $792,000 | $1,000 | −$1.5M | −$10.3M | −$14.8M | −$8.4M | $7.0M | −$6.9M | −$15.5M |
| Net income | −$49.4M | $15.5M | $37.4M | $15.2M | $26.3M | $46.6M | $88.2M | $53.2M | $23.5M | $56.3M |
| EBITDA | −$39.4M | $25.6M | $47.9M | $24.3M | $26.5M | $33.5M | $77.4M | $71.6M | $28.3M | $51.8M |
| EPS (diluted) | −$1.13 | $0.35 | $0.84 | $0.35 | $0.60 | $1.08 | $2.01 | $1.32 | $0.54 | $1.29 |
| Gross margin | −42.5% | 8.1% | 11.1% | 7.3% | 7.3% | 15.3% | 36.1% | 25.2% | 7.4% | 18.5% |
| Operating margin | −56.7% | 2.6% | 7.4% | 4.4% | 4.0% | 10.9% | 31.8% | 21.8% | 3.6% | 14.4% |
| Net margin | −51.6% | 6.4% | 10.2% | 3.8% | 8.2% | 22.8% | 43.0% | 18.3% | 8.5% | 22.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $78.7M | $32.0M | $19.8M | $22.7M | $35.7M | $17.5M | $61.5M | $51.1M | $72.4M | $58.3M | $92.0M | $116.8M |
| Cost of revenue | $63.7M | $36.2M | $29.7M | $29.5M | $44.4M | $32.6M | $55.9M | $50.8M | $63.8M | $53.3M | $78.2M | $112.9M |
| Gross profit | $15.0M | −$4.2M | −$9.9M | −$6.8M | −$8.7M | −$15.0M | $5.6M | $383,000 | $8.7M | $5.0M | $13.9M | $3.9M |
| Research & development | $692,000 | $840,000 | $687,000 | $855,000 | $933,000 | $1.4M | $1.2M | $981,000 | $916,000 | $906,000 | $1.2M | $1.2M |
| Sales, general & admin | $3.1M | $4.1M | $2.5M | $2.0M | $2.2M | $2.9M | $2.8M | $2.3M | $2.3M | $1.9M | $2.5M | $2.4M |
| Total operating expenses | $3.8M | $5.0M | $3.2M | $2.9M | $3.2M | $4.3M | $4.0M | $3.3M | $3.2M | $2.8M | $3.7M | $3.6M |
| Operating income | $11.3M | −$9.2M | −$13.1M | −$9.7M | −$11.9M | −$19.3M | $1.6M | −$2.9M | $5.5M | $2.2M | $10.2M | $297,000 |
| Interest income | $209,000 | $298,000 | $594,000 | $1.0M | $1.1M | $1.2M | $1.5M | $1.8M | $1.5M | $2.8M | $3.0M | $2.5M |
| Interest expense | $30,000 | $29,000 | $35,000 | $126,000 | $26,000 | $36,000 | $34,000 | $35,000 | $34,000 | $35,000 | $35,000 | $36,000 |
| Income before taxes | $11.4M | −$20.6M | −$11.9M | −$9.4M | −$10.4M | −$18.3M | $3.0M | −$1.2M | $9.6M | $5.0M | $23.4M | $2.8M |
| Income taxes | $69,000 | $8,000 | $151,000 | −$27,000 | $35,000 | −$168,000 | $157,000 | −$3,000 | $6,000 | $632,000 | −$33,000 | $12,000 |
| Net income | $11.4M | −$20.6M | −$12.0M | −$9.3M | −$10.4M | −$18.1M | $2.8M | −$1.2M | $9.6M | $4.3M | $23.4M | $2.8M |
| EBITDA | $14.2M | −$18.0M | −$9.3M | −$6.8M | −$7.9M | −$15.9M | $5.3M | $1.0M | $11.8M | $7.6M | $26.0M | $5.4M |
| EPS (diluted) | $0.25 | −$0.47 | −$0.27 | −$0.21 | −$0.24 | −$0.40 | $0.06 | −$0.03 | $0.22 | $0.10 | $0.53 | $0.06 |
| Gross margin | 19.1% | −13.2% | −49.9% | −29.9% | −24.4% | −85.7% | 9.1% | 0.7% | 12.0% | 8.6% | 15.1% | 3.3% |
| Operating margin | 14.3% | −28.8% | −66.2% | −42.7% | −33.2% | −110.0% | 2.6% | −5.6% | 7.5% | 3.8% | 11.1% | 0.3% |
| Net margin | 14.4% | −64.4% | −60.5% | −41.1% | −29.2% | −103.2% | 4.5% | −2.3% | 13.2% | 7.4% | 25.4% | 2.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FF's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FF financial results
In fiscal year 2025 (ended December 31, 2025), FutureFuel reported revenue of $95.7 million, down 60.7% from the year before. It had a net loss of $49.4 million, a net profit margin of −51.6%. Diluted earnings per share came to −$1.13. Over five years revenue grew at an average rate of −14.1% a year.
See the FF stock overview for the latest quote and news, or the FF chart for price history and technical indicators.
FF income statement FAQ
What is FutureFuel's annual revenue?
FutureFuel reported total revenue of $95.7 million for fiscal year 2025, which ended on December 31, 2025. That was down 60.7% from $243.3 million the previous year.
Is FutureFuel profitable?
No. FutureFuel reported a net loss of $49.4 million in fiscal 2025, a net profit margin of −51.6%; its operating margin was −56.7%.
What is FutureFuel's gross margin?
FutureFuel's gross margin was −42.5% in fiscal 2025: for every $100 of revenue, FutureFuel kept $-42 after the direct cost of its products and services.
How much does FutureFuel spend on research and development?
FutureFuel spent $3.9 million on research and development in fiscal 2025, 4.0% of revenue.
How fast is FutureFuel growing?
Revenue grew −14.1% a year on average over the last five fiscal years, from $204.5 million to $95.7 million.
What are FutureFuel's earnings per share?
FutureFuel earned $-1.13 per diluted share in fiscal 2025, compared with $0.35 a year earlier.
When will FutureFuel report its next earnings?
FutureFuel is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does FutureFuel's fiscal year end?
FutureFuel's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.