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FORMFACTOR INC
CIK 1039399Updated Sep 24, 2026
SecurityFORM · NASDAQ · equity
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,224,362,000Source | 1,146,215,000Source | 1,106,794,000Source | 1,008,228,000Source |
| Property, Plant and Equipment, NetUSD | 259,068,000Source | 210,230,000Source | 204,399,000Source | 189,848,000Source |
| GoodwillUSD | 216,029,000Source | 199,171,000Source | 201,090,000Source | 211,444,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 16,302,000Source | 10,355,000Source | 12,938,000Source | 26,751,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 103,330,000Source | 190,728,000Source | 177,812,000Source | 109,130,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 125,416,000Source | 104,294,000Source | 102,957,000Source | 88,143,000Source |
| Inventory, NetUSD | 110,884,000Source | 101,676,000Source | 111,685,000Source | 123,157,000Source |
| Assets, CurrentUSD | 557,054,000Source | 605,128,000Source | 573,780,000Source | 474,552,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 44,519,000Source | 35,389,000Source | 29,667,000Source | 23,895,000Source |
| Operating Lease, Right-of-Use AssetUSD | 17,202,000Source | 22,579,000Source | 30,519,000Source | 31,362,000Source |
| Other Assets, NoncurrentUSD | 2,433,000Source | 4,008,000Source | 2,795,000Source | 3,994,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 188,959,000Source | 198,447,000Source | 197,990,000Source | 199,943,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 78,000Source | 77,000Source | 77,000Source | 77,000Source |
| Retained Earnings (Accumulated Deficit)USD | 175,306,000Source | 120,945,000Source | 51,331,000Source | -31,056,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -3,528,000Source | -10,840,000Source | -4,052,000Source | -5,578,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,035,403,000Source | 947,768,000Source | 908,804,000Source | 808,285,000Source |
| Additional Paid in Capital, Common StockUSD | 863,547,000Source | 837,586,000Source | 861,448,000Source | 844,842,000Source |
| Liabilities and EquityUSD | 1,224,362,000Source | 1,146,215,000Source | 1,106,794,000Source | 1,008,228,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 123,861,000Source | 131,345,000Source | 131,095,000Source | 149,667,000Source |
| Operating Lease, Liability, CurrentUSD | 7,662,000Source | 8,363,000Source | 8,422,000Source | 7,353,000Source |
| Accounts Payable, CurrentUSD | 47,436,000Source | 62,287,000Source | 63,857,000Source | 69,308,000Source |
| Operating Lease, Liability, NoncurrentUSD | 12,488,000Source | 17,550,000Source | 25,334,000Source | 27,587,000Source |
| Deferred Income Tax Liabilities, NetUSD | 1,600,000Source | — | 0Source | 2,732,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 47,535,000Source | 43,742,000Source | 41,037,000Source | 42,115,000Source |
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | 110,000Source | -295,000Source | -727,000Source | -2,749,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 12,208,000Source | 13,314,000Source | 14,389,000Source |
| Long-term Debt, Current MaturitiesUSD | 1,137,000Source | 1,106,000Source | 1,075,000Source | 1,045,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 11,071,000Source | 12,208,000Source | 13,314,000Source | 14,389,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 38,576,000Source | 39,763,000Source | 38,616,000Source | 31,337,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 20,156,000Source | 1,921,000Source | 23,304,000Source | -26,028,000Source |
| Increase (Decrease) in InventoriesUSD | 20,663,000Source | 8,259,000Source | 9,488,000Source | 28,780,000Source |
| Increase (Decrease) in Accounts PayableUSD | -5,682,000Source | -8,235,000Source | 1,319,000Source | 3,899,000Source |
| Deferred Income Tax Expense (Benefit)USD | 1,927,000Source | -13,355,000Source | -12,100,000Source | -6,343,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 115,398,000Source | 117,534,000Source | 64,602,000Source | 131,786,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 20,580,000Source | 0Source | 0Source | 3,350,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -191,468,000Source | -33,480,000Source | 29,049,000Source | -75,704,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 103,658,000Source | 38,436,000Source | 56,027,000Source | 65,254,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 12,402,000Source | 19,983,000Source | 10,687,000Source | 15,705,000Source |
| Payments for Repurchase of Common StockUSD | 26,244,000Source | 53,302,000Source | 19,801,000Source | 82,328,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -13,633,000Source | -64,612,000Source | -22,711,000Source | -95,932,000Source |
| Repayments of Long-term DebtUSD | 1,106,000Source | 1,075,000Source | 1,045,000Source | 8,398,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -90,159,000Source | 15,933,000Source | 68,291,000Source | -42,360,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 107,047,000Source | 197,206,000Source | 181,273,000Source | 112,982,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 362,000Source | 391,000Source | 422,000Source | 535,000Source |
| Income Taxes Paid, NetUSD | 8,932,000Source | 15,584,000Source | 17,385,000Source | 10,917,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -456,000Source | -3,509,000Source | -2,649,000Source | -2,510,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 38,576,000Source | 39,763,000Source | 38,616,000Source | 31,337,000Source |
| Amortization of Intangible AssetsUSD | 2,463,000Source | 2,582,000Source | 6,850,000Source | 9,391,000Source |
| DepreciationUSD | 37,589,000Source | 30,321,000Source | 30,603,000Source | 28,646,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -2,110,000Source | -1,509,000Source | -2,282,000Source | -2,251,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 103,000Source | — | — | — |
| Gain (Loss) on Disposition of BusinessUSD | 0Source | 20,581,000Source | 72,953,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | 0Source | 0Source | -296,000Source |
| General and Administrative ExpenseUSD | 62,866,000Source | 67,169,000Source | — | — |
| GoodwillUSD | 216,029,000Source | 199,171,000Source | 201,090,000Source | 211,444,000Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | -2,026,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 13,004,000Source | 9,798,000Source | 6,880,000Source | 7,132,000Source |
| Inventory Write-downUSD | 14,853,000Source | 12,342,000Source | 15,003,000Source | 24,632,000Source |
| Investment Income, InterestUSD | 10,640,000Source | 14,111,000Source | 7,217,000Source | 2,220,000Source |
| Net Income (Loss) Attributable to ParentUSD | 54,361,000Source | 69,614,000Source | 82,387,000Source | 50,738,000Source |
| Operating ExpensesUSD | 251,781,000Source | 263,724,000Source | 248,777,000Source | 241,097,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 8,595,000Source |
| Other Nonoperating Income (Expense)USD | 2,202,000Source | 939,000Source | -285,000Source | 1,317,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 126,130,000Source | 123,962,000Source | 118,753,000Source | 95,794,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 784,993,000Source | 763,599,000Source | 663,102,000Source | 747,937,000Source |
| Cost of RevenueUSD | 476,142,000Source | 455,676,000Source | 404,522,000Source | 451,928,000Source |
| Selling, General and Administrative ExpenseUSD | 133,074,000Source | 141,786,000Source | 133,012,000Source | 131,875,000Source |
| Operating Income (Loss)USD | 57,070,000Source | 64,780,000Source | 82,756,000Source | 54,912,000Source |
| Other Nonoperating Income (Expense)USD | 2,202,000Source | 939,000Source | -285,000Source | 1,317,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 69,391,000Source | 79,412,000Source | 89,267,000Source | 57,870,000Source |
| Income Tax Expense (Benefit)USD | 13,004,000Source | 9,798,000Source | 6,880,000Source | 7,132,000Source |
| Net Income (Loss) Attributable to ParentUSD | 54,361,000Source | 69,614,000Source | 82,387,000Source | 50,738,000Source |
| Earnings Per Share, BasicUSD per share | 0.7Source | 0.9Source | 1.06Source | 0.65Source |
| Earnings Per Share, DilutedUSD per share | 0.69Source | 0.89Source | 1.05Source | 0.65Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 77,348,000Source | 77,340,000Source | 77,370,000Source | 77,578,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 78,313,000Source | 78,437,000Source | 78,159,000Source | 78,201,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 2,463,000Source | 2,582,000Source | 6,850,000Source | 9,391,000Source |
| Current Income Tax Expense (Benefit)USD | 11,077,000Source | 23,153,000Source | 18,980,000Source | 13,475,000Source |
| General and Administrative ExpenseUSD | 62,866,000Source | 67,169,000Source | — | — |
| Gross ProfitUSD | 308,851,000Source | 307,923,000Source | 258,580,000Source | 296,009,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 48,817,000Source | 66,953,000Source | -10,681,000Source | 30,047,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -2,026,000Source | — | — | — |
| Interest ExpenseUSD | 521,000Source | 418,000Source | 421,000Source | 579,000Source |
| Investment Income, InterestUSD | 10,640,000Source | 14,111,000Source | 7,217,000Source | 2,220,000Source |
| Operating ExpensesUSD | 251,781,000Source | 263,724,000Source | 248,777,000Source | 241,097,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 8,595,000Source |
| Research and Development ExpenseUSD | 115,682,000Source | 121,938,000Source | 115,765,000Source | 109,222,000Source |
| Selling ExpenseUSD | 51,299,000Source | 53,538,000Source | — | — |