Futurefuel Corp Financials
This page shows Futurefuel Corp (FF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Futurefuel Corp has an operating margin of -55.4%, meaning the company retains $-55 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 2.6% the prior year.
Futurefuel Corp's revenue declined 60.7% year-over-year, from $243.3M to $95.7M. This contraction results in a growth score of 0/100.
Futurefuel Corp carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.67, Futurefuel Corp holds $5.67 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Futurefuel Corp generated -$28.7M in operating cash flow, capex of $17.2M consumed most of it, leaving -$46.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Futurefuel Corp generates a -31.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 7.5% the prior year.
Futurefuel Corp passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Futurefuel Corp generates $0.58 in operating cash flow (-$28.7M OCF vs -$49.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Futurefuel Corp earns $-346.3 in operating income for every $1 of interest expense (-$53.0M vs $153K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Futurefuel Corp generated $95.7M in revenue in fiscal year 2025. This represents a decrease of 60.7% from the prior year.
Futurefuel Corp's EBITDA was -$43.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 378.1% from the prior year.
Futurefuel Corp reported -$49.4M in net income in fiscal year 2025. This represents a decrease of 418.6% from the prior year.
Futurefuel Corp earned $-1.13 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 422.9% from the prior year.
Cash & Balance Sheet
Futurefuel Corp generated -$46.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 553.7% from the prior year.
Futurefuel Corp held $51.3M in cash against $0 in long-term debt as of fiscal year 2025.
Futurefuel Corp had 44M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.
Margins & Returns
Futurefuel Corp's gross margin was -41.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 49.3 percentage points from the prior year.
Futurefuel Corp's operating margin was -55.4% in fiscal year 2025, reflecting core business profitability. This is down 58.0 percentage points from the prior year.
Futurefuel Corp's net profit margin was -51.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 58.0 percentage points from the prior year.
Futurefuel Corp's ROE was -31.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 39.5 percentage points from the prior year.
Capital Allocation
Futurefuel Corp invested $3.9M in research and development in fiscal year 2025. This represents a decrease of 3.2% from the prior year.
Futurefuel Corp invested $17.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 17.6% from the prior year.
FF Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.8M-12.5% | $22.7M-36.4% | $35.7M+103.4% | $17.5M-71.5% | $61.5M+20.3% | $51.1M-29.4% | $72.4M+24.2% | $58.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | -$9.3M-35.6% | -$6.8M+22.1% | -$8.8M+39.8% | -$14.6M-360.2% | $5.6M+1361.4% | $383K-95.6% | $8.7M+72.9% | $5.0M |
| R&D Expenses | $687K-19.6% | $855K-8.4% | $933K-32.9% | $1.4M+16.9% | $1.2M+21.3% | $981K+7.1% | $916K+1.1% | $906K |
| SG&A Expenses | $2.5M+23.9% | $2.0M-8.0% | $2.2M-22.7% | $2.9M+3.1% | $2.8M+22.1% | $2.3M0.0% | $2.3M+20.3% | $1.9M |
| Operating Income | -$12.5M-28.3% | -$9.7M+18.4% | -$11.9M+36.7% | -$18.8M-1269.3% | $1.6M+155.8% | -$2.9M-153.0% | $5.5M+148.0% | $2.2M |
| Interest Expense | -$35K-127.8% | $126K+384.6% | $26K-27.8% | $36K+5.9% | $34K-2.9% | $35K+2.9% | $34K-2.9% | $35K |
| Income Tax | $151K+659.3% | -$27K-177.1% | $35K+483.3% | $6K-96.2% | $157K+5333.3% | -$3K-150.0% | $6K-99.1% | $632K |
| Net Income | -$12.0M-28.8% | -$9.3M+10.5% | -$10.4M+41.0% | -$17.6M-730.8% | $2.8M+334.1% | -$1.2M-112.5% | $9.6M+121.0% | $4.3M |
| EPS (Diluted) | N/A | $-0.21+12.5% | $-0.24+40.0% | $-0.40 | N/A | $-0.03-113.6% | $0.22+120.0% | $0.10 |
FF Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $192.2M-5.5% | $203.5M-6.7% | $218.2M-4.2% | $227.7M-8.1% | $247.7M-3.4% | $256.5M-1.8% | $261.2M-28.5% | $365.4M |
| Current Assets | $100.5M-10.9% | $112.8M-12.4% | $128.8M-10.2% | $143.4M-13.0% | $164.8M-6.5% | $176.2M-4.0% | $183.6M-36.5% | $289.3M |
| Cash & Equivalents | $51.3M-40.0% | $85.6M-10.1% | $95.2M-2.0% | $97.1M-11.4% | $109.5M-17.9% | $133.4M+15.9% | $115.1M-42.8% | $201.1M |
| Inventory | $21.3M+246.6% | $6.1M-36.2% | $9.6M-63.9% | $26.7M+29.2% | $20.6M-17.0% | $24.9M-15.7% | $29.5M-47.4% | $56.1M |
| Accounts Receivable | $9.4M+19.4% | $7.9M-28.1% | $10.9M+38.1% | $7.9M-63.8% | $21.9M+37.1% | $16.0M-52.2% | $33.4M+37.1% | $24.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $37.5M+9.2% | $34.4M-14.1% | $40.0M+1.8% | $39.3M-6.2% | $41.9M-3.0% | $43.2M-7.7% | $46.8M-70.9% | $160.6M |
| Current Liabilities | $17.7M-30.0% | $25.3M-18.2% | $30.9M+1.3% | $30.5M-8.3% | $33.3M+12.3% | $29.7M-10.5% | $33.1M-77.1% | $144.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $154.7M-8.5% | $169.1M-5.1% | $178.2M-5.4% | $188.4M-8.5% | $205.8M-3.5% | $213.3M-0.5% | $214.4M+4.7% | $204.8M |
| Retained Earnings | -$49.1M-32.6% | -$37.0M-33.7% | -$27.7M-60.3% | -$17.3M-4606.8% | $383K-95.4% | $8.4M-12.5% | $9.6M | $0 |
FF Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$27.4M-2358.4% | -$1.1M-121.4% | $5.2M+196.6% | -$5.4M+67.5% | -$16.6M-164.3% | $25.8M-7.1% | $27.8M+327.7% | -$12.2M |
| Capital Expenditures | $2.4M-54.6% | $5.3M-2.4% | $5.5M+36.8% | $4.0M-1.5% | $4.1M-23.8% | $5.3M+78.0% | $3.0M+31.9% | $2.3M |
| Free Cash Flow | -$29.9M-362.4% | -$6.5M-2355.5% | -$263K+97.2% | -$9.4M+54.5% | -$20.7M-200.9% | $20.5M-17.4% | $24.8M+271.2% | -$14.5M |
| Investing Cash Flow | -$4.2M+28.5% | -$5.8M-29.7% | -$4.5M-10.3% | -$4.1M+11.6% | -$4.6M+5.1% | -$4.9M-166.2% | -$1.8M+47.6% | -$3.5M |
| Financing Cash Flow | -$2.6M+0.1% | -$2.6M-0.3% | -$2.6M+12.2% | -$3.0M-14.0% | -$2.6M0.0% | -$2.6M+97.7% | -$112.0M-4166.3% | -$2.6M |
| Dividends Paid | $2.6M0.0% | $2.6M0.0% | $2.6M0.0% | $2.6M+0.1% | $2.6M0.0% | $2.6M-97.7% | $112.0M+4166.3% | $2.6M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FF Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -46.7%-16.6pp | -30.1%-5.5pp | -24.6%+58.5pp | -83.0%-92.1pp | 9.1%+8.3pp | 0.8%-11.2pp | 12.0%+3.4pp | 8.6% |
| Operating Margin | -62.9%-20.0pp | -42.9%-9.5pp | -33.4%+74.0pp | -107.4%-110.0pp | 2.6%+8.3pp | -5.7%-13.2pp | 7.5%+3.8pp | 3.8% |
| Net Margin | -60.5%-19.4pp | -41.1%-11.9pp | -29.2%+71.4pp | -100.6%-105.2pp | 4.5%+6.9pp | -2.3%-15.6pp | 13.2%+5.8pp | 7.4% |
| Return on Equity | -7.8%-2.3pp | -5.5%+0.3pp | -5.8%+3.5pp | -9.4%-10.7pp | 1.4%+1.9pp | -0.6%-5.0pp | 4.5%+2.4pp | 2.1% |
| Return on Assets | -6.3%-1.7pp | -4.6%+0.2pp | -4.8%+3.0pp | -7.8%-8.9pp | 1.1%+1.6pp | -0.5%-4.1pp | 3.7%+2.5pp | 1.2% |
| Current Ratio | 5.67+1.2 | 4.46+0.3 | 4.16-0.5 | 4.70-0.3 | 4.95-1.0 | 5.94+0.4 | 5.54+3.5 | 2.00 |
| Debt-to-Equity | 0.24+0.0 | 0.20-0.0 | 0.22+0.0 | 0.210.0 | 0.200.0 | 0.20-0.0 | 0.22-0.6 | 0.78 |
| FCF Margin | -150.5%-122.0pp | -28.5%-27.7pp | -0.7%+52.9pp | -53.6%-20.0pp | -33.6%-73.7pp | 40.1%+5.8pp | 34.3%+59.1pp | -24.9% |
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Frequently Asked Questions
What is Futurefuel Corp's annual revenue?
Futurefuel Corp (FF) reported $95.7M in total revenue for fiscal year 2025. This represents a -60.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Futurefuel Corp's revenue growing?
Futurefuel Corp (FF) revenue declined by 60.7% year-over-year, from $243.3M to $95.7M in fiscal year 2025.
Is Futurefuel Corp profitable?
No, Futurefuel Corp (FF) reported a net income of -$49.4M in fiscal year 2025, with a net profit margin of -51.6%.
What is Futurefuel Corp's EBITDA?
Futurefuel Corp (FF) had EBITDA of -$43.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Futurefuel Corp's gross margin?
Futurefuel Corp (FF) had a gross margin of -41.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Futurefuel Corp's operating margin?
Futurefuel Corp (FF) had an operating margin of -55.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Futurefuel Corp's net profit margin?
Futurefuel Corp (FF) had a net profit margin of -51.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Futurefuel Corp's return on equity (ROE)?
Futurefuel Corp (FF) has a return on equity of -31.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Futurefuel Corp's free cash flow?
Futurefuel Corp (FF) generated -$46.0M in free cash flow during fiscal year 2025. This represents a -553.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Futurefuel Corp's operating cash flow?
Futurefuel Corp (FF) generated -$28.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Futurefuel Corp's total assets?
Futurefuel Corp (FF) had $192.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Futurefuel Corp's capital expenditures?
Futurefuel Corp (FF) invested $17.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Futurefuel Corp spend on research and development?
Futurefuel Corp (FF) invested $3.9M in research and development during fiscal year 2025.
What is Futurefuel Corp's current ratio?
Futurefuel Corp (FF) had a current ratio of 5.67 as of fiscal year 2025, which is generally considered healthy.
What is Futurefuel Corp's debt-to-equity ratio?
Futurefuel Corp (FF) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Futurefuel Corp's return on assets (ROA)?
Futurefuel Corp (FF) had a return on assets of -25.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Futurefuel Corp's cash runway?
Based on fiscal year 2025 data, Futurefuel Corp (FF) had $51.3M in cash against an annual operating cash burn of $28.7M. This gives an estimated cash runway of approximately 21 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Futurefuel Corp's Piotroski F-Score?
Futurefuel Corp (FF) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Futurefuel Corp's earnings high quality?
Futurefuel Corp (FF) has an earnings quality ratio of 0.58x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Futurefuel Corp cover its interest payments?
Futurefuel Corp (FF) has an interest coverage ratio of -346.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Futurefuel Corp?
Futurefuel Corp (FF) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.