Company research
FORUM ENERGY TECHNOLOGIES, INC.
CIK 1401257Updated Nov 11, 2026
SecurityFET · NYSE · equity
Name history
FORUM OILFIELD TECHNOLOGIES INC · through Feb 11, 2008
FET price & chart
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NYSE:FET on TradingView ↗In the news
Seeking Alpha
Forum Energy Technologies: Growth Is Becoming More Profitable ↗
Forum Energy Technologies, Inc. 2026 Q3 - Results - Earnings Call Presentation ↗
Forum Energy raises 2026 outlook to $900M-$920M revenue amid Premiere Torque Rings acquisition ↗
SEC disclosures
FORUM ENERGY TECHNOLOGIES, INC. files 8-K: Material Event ↗
Recent filings
SCHEDULE 13G - filed by STATE STREET CORP regarding FORUM ENERGY TECHNOLOGIES, INC.
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Other Events
Items 8.01, 9.01
424B7 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q3 2023 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 770,092,000Source | 973,737,000Source | 828,871,000Source | 810,133,000Source | 976,757,000Source | 763,065,000Source | 790,110,000Source | 1,021,389,000Source | 752,455,000Source | 815,954,000Source | 821,061,000Source | 834,757,000Source |
| GoodwillUSD | 63,779,000Source | 65,619,000Source | — | 65,222,000Source | 62,689,000Source | 63,779,000Source | 61,703,000Source | 63,202,000Source | 64,667,000Source | 61,653,000Source | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 97,234,000Source | 242,330,000Source | 173,394,000Source | 103,685,000Source | 249,826,000Source | 87,962,000Source | 104,155,000Source | 261,405,000Source | 93,637,000Source | 109,230,000Source | 167,970,000Source | 191,481,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 31,693,000Source | 33,313,000Source | 37,151,000Source | 38,967,000Source | 31,826,000Source | 37,488,000Source | 31,143,000Source | 48,488,000Source | 34,661,000Source | 44,661,000Source | 46,165,000Source | 51,029,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 146,938,000Source | 163,084,000Source | 157,820,000Source | 155,045,000Source | 164,247,000Source | 155,480,000Source | 153,512,000Source | 161,978,000Source | 142,396,000Source | 153,926,000Source | 146,747,000Source | 154,247,000Source |
| Inventory, NetUSD | 248,255,000Source | 286,939,000Source | 302,304,000Source | 260,030,000Source | 291,087,000Source | 236,412,000Source | 263,600,000Source | 303,003,000Source | 239,420,000Source | 265,487,000Source | 299,639,000Source | 269,828,000Source |
| Assets, CurrentUSD | 459,280,000Source | 523,725,000Source | 531,156,000Source | 487,732,000Source | 521,318,000Source | 464,316,000Source | 478,569,000Source | 546,785,000Source | 448,884,000Source | 495,637,000Source | 529,604,000Source | 512,865,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 15,985,000Source | 22,701,000Source | 24,670,000Source | 19,058,000Source | 19,828,000Source | 21,907,000Source | 18,251,000Source | 20,893,000Source | 23,017,000Source | 19,179,000Source | 21,887,000Source | 21,957,000Source |
| Operating Lease, Right-of-Use AssetUSD | 81,268,000Source | 54,058,000Source | 56,363,000Source | 77,793,000Source | 52,514,000Source | 83,217,000Source | 68,077,000Source | 54,818,000Source | 80,733,000Source | 70,389,000Source | 55,399,000Source | 57,270,000Source |
| Other Assets, NoncurrentUSD | 3,062,000Source | 2,150,000Source | 5,266,000Source | 2,803,000Source | 2,761,000Source | 3,391,000Source | 1,848,000Source | 4,804,000Source | 3,162,000Source | 2,025,000Source | 5,160,000Source | 8,828,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 472,782,000Source | 530,207,000Source | 411,751,000Source | 475,913,000Source | 534,767,000Source | 482,382,000Source | 470,068,000Source | 575,187,000Source | 461,312,000Source | 496,054,000Source | 408,428,000Source | 527,722,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 132,000Source | 130,000Source | 109,000Source | 132,000Source | 130,000Source | 135,000Source | 132,000Source | 130,000Source | 132,000Source | 130,000Source | 109,000Source | 62,000Source |
| Additional Paid in CapitalUSD | 1,424,919,000Source | 1,417,914,000Source | 1,368,062,000Source | 1,422,138,000Source | 1,415,838,000Source | 1,420,832,000Source | 1,420,366,000Source | 1,413,970,000Source | 1,427,589,000Source | 1,419,871,000Source | 1,369,288,000Source | 1,253,613,000Source |
| Retained Earnings (Accumulated Deficit)USD | -846,529,000Source | -731,297,000Source | -682,691,000Source | -825,975,000Source | -716,482,000Source | -839,965,000Source | -833,675,000Source | -709,786,000Source | -844,457,000Source | -834,797,000Source | -699,471,000Source | -680,595,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -118,035,000Source | -101,160,000Source | -126,303,000Source | -113,723,000Source | -115,439,000Source | -119,081,000Source | -122,727,000Source | -116,055,000Source | -115,452,000Source | -123,247,000Source | -115,236,000Source | -127,485,000Source |
| Stockholders' Equity Attributable to ParentUSD | 297,310,000Source | 443,530,000Source | 417,120,000Source | 334,220,000Source | 441,990,000Source | 280,683,000Source | 320,042,000Source | 446,202,000Source | 291,143,000Source | 319,900,000Source | 412,633,000Source | 307,035,000Source |
| Liabilities and EquityUSD | 770,092,000Source | 973,737,000Source | 828,871,000Source | 810,133,000Source | 976,757,000Source | 763,065,000Source | 790,110,000Source | 1,021,389,000Source | 752,455,000Source | 815,954,000Source | 821,061,000Source | 834,757,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 209,625,000Source | 271,023,000Source | 208,285,000Source | 202,264,000Source | 194,074,000Source | 208,612,000Source | 194,686,000Source | 193,097,000Source | 206,534,000Source | 201,856,000Source | 204,339,000Source | 210,293,000Source |
| Operating Lease, Liability, CurrentUSD | — | — | — | — | — | — | — | — | 11,785,000Source | 11,056,000Source | 9,200,000Source | 8,776,000Source |
| Accounts Payable, CurrentUSD | 113,732,000Source | 117,164,000Source | 124,146,000Source | 106,084,000Source | 111,150,000Source | 114,689,000Source | 106,947,000Source | 108,254,000Source | 94,561,000Source | 109,651,000Source | 125,918,000Source | 118,261,000Source |
| Operating Lease, Liability, NoncurrentUSD | 85,182,000Source | 57,908,000Source | 62,569,000Source | 80,218,000Source | 57,520,000Source | 86,476,000Source | 70,727,000Source | 59,898,000Source | 83,957,000Source | 73,145,000Source | 61,450,000Source | 64,626,000Source |
| Deferred Income Tax Liabilities, NetUSD | 20,837,000Source | 28,493,000Source | 904,000Source | 22,465,000Source | 26,546,000Source | 19,234,000Source | 22,532,000Source | 28,183,000Source | 20,425,000Source | 23,678,000Source | 940,000Source | 902,000Source |
| Other Liabilities, NoncurrentUSD | 18,590,000Source | 10,629,000Source | 11,456,000Source | 13,302,000Source | 10,279,000Source | 15,723,000Source | 12,574,000Source | 11,707,000Source | 15,875,000Source | 10,850,000Source | 12,132,000Source | 12,773,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 69,477,000Source | 70,579,000Source | 64,184,000Source | 70,488,000Source | 61,862,000Source | 63,834,000Source | 71,097,000Source | 64,937,000Source | 76,244,000Source | 77,239,000Source | 62,463,000Source | 76,544,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 12,538,000Source | 12,233,000Source | 572,000Source | 718,000Source |
| Long-term Debt, Excluding Current Maturities | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Long-term Debt, Current MaturitiesUSD | 1,437,000Source | 69,385,000Source | 1,076,000Source | 1,661,000Source | 6,518,000Source | 1,383,000Source | 1,830,000Source | 5,150,000Source | 1,407,000Source | 1,866,000Source | 1,186,000Source | 782,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 138,548,000Source | 162,154,000Source | 128,537,000Source | 157,664,000Source | 246,348,000Source | 152,337,000Source | 169,549,000Source | 282,302,000Source | 134,521,000Source | 186,525,000Source | 129,567,000Source | 239,128,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | 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: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | — | — | 33,755,000Source | 53,717,000Source | 34,728,000Source | 36,978,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 2,520,000Source | 1,818,000Source | 9,041,000Source | 7,137,000Source | 4,571,000Source | 4,205,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 14,810,000Source | -1,113,000Source | -14,694,000Source | -13,590,000Source | -6,678,000Source | 34,802,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -1,756,000Source | -2,850,000Source | -11,070,000Source | -41,467,000Source | 31,928,000Source | 34,611,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 5,335,000Source | -17,574,000Source | -204,000Source | -130,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 1,627,000Source | 9,326,000Source | 70,402,000Source | 92,191,000Source | 8,183,000Source | -17,054,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | — | 0Source | 0Source | 150,408,000Source | 0Source | 485,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -253,000Source | -2,096,000Source | 9,566,000Source | -137,526,000Source | -6,573,000Source | 27,139,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 256,000Source | 2,110,000Source | 6,015,000Source | 8,145,000Source | 7,944,000Source | 7,492,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 9,274,000Source | 1,321,000Source | 1,321,000Source | 1,090,000Source | — | — |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 4,569,000Source | 1,997,000Source | 34,612,000Source | 0Source | 5,996,000Source | 3,826,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 1,852,000Source | -21,013,000Source | -91,566,000Source | 45,242,000Source | -7,582,000Source | -5,076,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 2,827,000Source | -13,518,000Source | -10,000,000Source | -1,504,000Source | -4,864,000Source | 4,171,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 31,693,000Source | 33,313,000Source | 38,967,000Source | 31,826,000Source | 37,488,000Source | 31,143,000Source | 34,661,000Source | 44,661,000Source | 46,165,000Source | 51,029,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 1,094,000Source | 1,942,000Source | 16,937,000Source | 26,764,000Source | 17,088,000Source | 25,325,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 7,819,000Source | 1,585,000Source | 25,990,000Source | 23,119,000Source | 8,804,000Source | -383,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | -399,000Source | 265,000Source | 1,598,000Source | -1,411,000Source | 1,108,000Source | -838,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 9,000,000Source | 7,100,000Source | 4,600,000Source | 4,200,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | 4,616,000Source | 5,286,000Source | 19,938,000Source | 36,821,000Source | 23,929,000Source | 24,537,000Source |
| DepreciationUSD | — | — | — | — | — | — | 3,186,000Source | 3,689,000Source | 13,817,000Source | 16,896,000Source | 10,799,000Source | 12,441,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -9,000Source | -9,631,000Source | 3,942,000Source | -3,006,000Source | 523,000Source | 1,068,000Source | 4,754,000Source | -7,315,000Source | -10,233,000Source | 24,548,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | -1,839,000Source | 0Source | -463,000Source | — | — | 0Source | -2,854,000Source | — | 0Source |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | — | — | 81,000Source | 85,000Source | -207,000Source | -220,000Source | 170,000Source | -123,000Source | 378,000Source | -484,000Source | -156,000Source | 1,271,000Source |
| GoodwillUSD | — | — | 63,779,000Source | 65,619,000Source | 65,222,000Source | 62,689,000Source | 63,779,000Source | 61,703,000Source | 64,667,000Source | 61,653,000Source | — | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | — | — | — | — | — | 0Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | — | — | — | — | 0Source | 119,123,000Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | 10,074,000Source | 4,611,000Source | 6,219,000Source | 2,502,000Source | 2,895,000Source | 3,767,000Source | 26,247,000Source | 6,900,000Source | 11,062,000Source | 6,637,000Source |
| Inventory Write-downUSD | — | — | — | — | — | — | 397,000Source | 390,000Source | 19,673,000Source | 2,716,000Source | 2,784,000Source | 2,698,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -20,554,000Source | -14,815,000Source | 7,700,000Source | -6,696,000Source | 4,492,000Source | 1,122,000Source | -9,660,000Source | -135,326,000Source | -18,876,000Source | 3,712,000Source |
| Nonoperating Income (Expense)USD | — | — | -4,374,000Source | -19,120,000Source | -764,000Source | -12,128,000Source | -3,618,000Source | -3,915,000Source | -13,558,000Source | -41,659,000Source | -28,530,000Source | -6,977,000Source |
| Operating ExpensesUSD | — | — | 46,343,000Source | 56,820,000Source | 44,673,000Source | 55,139,000Source | 49,986,000Source | 49,557,000Source | 188,891,000Source | 341,800,000Source | 183,437,000Source | 171,200,000Source |
| Operating Lease, Impairment LossUSD | — | — | — | — | — | — | — | — | 1,600,000Source | — | — | — |
| Payments of Financing CostsUSD | — | — | — | — | — | — | 1,659,000Source | 693,000Source | 914,000Source | 8,534,000Source | 311,000Source | 0Source |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | —Source | — | —Source | — | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 196,231,000Source | 207,806,000Source | 199,764,000Source | 205,209,000Source | 208,700,000Source | 193,279,000Source | 791,474,000Source | 816,425,000Source | 738,864,000Source | 699,913,000Source |
| Cost of RevenueUSD | — | — | 155,994,000Source | 142,070,000Source | 140,408,000Source | 142,136,000Source | 147,709,000Source | 134,918,000Source | 572,438,000Source | 561,392,000Source | 534,711,000Source | 511,387,000Source |
| Selling, General and Administrative ExpenseUSD | — | — | 50,449,000Source | 56,326,000Source | 51,185,000Source | 53,691,000Source | 50,008,000Source | 49,383,000Source | 199,905,000Source | 219,325,000Source | 180,389,000Source | 179,471,000Source |
| Operating Income (Loss)USD | — | — | -6,106,000Source | 8,916,000Source | 14,683,000Source | 7,934,000Source | 11,005,000Source | 8,804,000Source | 30,145,000Source | -86,767,000Source | 20,716,000Source | 17,326,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -10,480,000Source | -10,204,000Source | 13,919,000Source | -4,194,000Source | 7,387,000Source | 4,889,000Source | 16,587,000Source | -128,426,000Source | -7,814,000Source | 10,349,000Source |
| Income Tax Expense (Benefit)USD | — | — | 10,074,000Source | 4,611,000Source | 6,219,000Source | 2,502,000Source | 2,895,000Source | 3,767,000Source | 26,247,000Source | 6,900,000Source | 11,062,000Source | 6,637,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -20,554,000Source | -14,815,000Source | 7,700,000Source | -6,696,000Source | 4,492,000Source | 1,122,000Source | -9,660,000Source | -135,326,000Source | -18,876,000Source | 3,712,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -1.76Source | -1.2Source | 0.62Source | -0.54Source | 0.4Source | 0.09Source | -0.81Source | -11Source | -1.85Source | 0.65Source |
| Earnings Per Share, DilutedUSD per share | — | — | -1.76Source | -1.2Source | 0.61Source | -0.54Source | 0.39Source | 0.09Source | -0.81Source | -11Source | -1.85Source | 0.62Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 11,682,000Source | 12,330,000Source | 12,350,000Source | 12,330,000Source | 11,214,000Source | 12,303,000Source | 11,883,000Source | 12,299,000Source | 10,212,000Source | 5,747,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 11,682,000Source | 12,330,000Source | 12,554,000Source | 12,330,000Source | 11,641,000Source | 12,568,000Source | 11,883,000Source | 12,299,000Source | 10,212,000Source | 5,951,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | 4,616,000Source | 5,286,000Source | 19,938,000Source | 36,821,000Source | 23,929,000Source | 24,537,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | — | 600,000Source | — | 1,200,000Source | — | — | — | 7,700,000Source | — | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 20,912,000Source | 24,474,000Source | 11,266,000Source | 6,767,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -9,000Source | -9,631,000Source | 3,942,000Source | -3,006,000Source | 523,000Source | 1,068,000Source | 4,754,000Source | -7,315,000Source | -10,233,000Source | 24,548,000Source |
| Gross ProfitUSD | — | — | 40,237,000Source | 65,736,000Source | 59,356,000Source | 63,073,000Source | 60,991,000Source | 58,361,000Source | 219,036,000Source | 255,033,000Source | 204,153,000Source | 188,526,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | -43,169,000Source | -170,901,000Source | -43,450,000Source | -43,587,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | — | -4,365,000Source | -7,650,000Source | -4,706,000Source | -8,659,000Source | -4,141,000Source | -4,983,000Source | -18,312,000Source | -31,490,000Source | -18,297,000Source | -31,525,000Source |
| Nonoperating Income (Expense)USD | — | — | -4,374,000Source | -19,120,000Source | -764,000Source | -12,128,000Source | -3,618,000Source | -3,915,000Source | -13,558,000Source | -41,659,000Source | -28,530,000Source | -6,977,000Source |
| Operating ExpensesUSD | — | — | 46,343,000Source | 56,820,000Source | 44,673,000Source | 55,139,000Source | 49,986,000Source | 49,557,000Source | 188,891,000Source | 341,800,000Source | 183,437,000Source | 171,200,000Source |
| Other ExpensesUSD | — | — | 254,000Source | 579,000Source | 184,000Source | 1,228,000Source | 148,000Source | 51,000Source | 546,000Source | 7,728,000Source | 2,892,000Source | — |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | —Source | — | —Source | — | —Source | — | — | — | — |