Company research
FORUM ENERGY TECHNOLOGIES, INC.
CIK 1401257Updated Sep 24, 2026
SecurityFET · NYSE · equity
Name history
FORUM OILFIELD TECHNOLOGIES INC · through Feb 11, 2008
FET price & chart
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Recent filings
Other Events
Items 8.01, 9.01
424B7 filing
S-3ASR filing
4 filing
144 filing
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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 | 752,455,000Source | 815,954,000Source | 821,061,000Source | 834,757,000Source |
| GoodwillUSD | 64,667,000Source | 61,653,000Source | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 93,637,000Source | 109,230,000Source | 167,970,000Source | 191,481,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 34,661,000Source | 44,661,000Source | 46,165,000Source | 51,029,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 142,396,000Source | 153,926,000Source | 146,747,000Source | 154,247,000Source |
| Inventory, NetUSD | 239,420,000Source | 265,487,000Source | 299,639,000Source | 269,828,000Source |
| Assets, CurrentUSD | 448,884,000Source | 495,637,000Source | 529,604,000Source | 512,865,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 23,017,000Source | 19,179,000Source | 21,887,000Source | 21,957,000Source |
| Operating Lease, Right-of-Use AssetUSD | 80,733,000Source | 70,389,000Source | 55,399,000Source | 57,270,000Source |
| Other Assets, NoncurrentUSD | 3,162,000Source | 2,025,000Source | 5,160,000Source | 8,828,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 461,312,000Source | 496,054,000Source | 408,428,000Source | 527,722,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 132,000Source | 130,000Source | 109,000Source | 62,000Source |
| Additional Paid in CapitalUSD | 1,427,589,000Source | 1,419,871,000Source | 1,369,288,000Source | 1,253,613,000Source |
| Retained Earnings (Accumulated Deficit)USD | -844,457,000Source | -834,797,000Source | -699,471,000Source | -680,595,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -115,452,000Source | -123,247,000Source | -115,236,000Source | -127,485,000Source |
| Stockholders' Equity Attributable to ParentUSD | 291,143,000Source | 319,900,000Source | 412,633,000Source | 307,035,000Source |
| Liabilities and EquityUSD | 752,455,000Source | 815,954,000Source | 821,061,000Source | 834,757,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 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 | 94,561,000Source | 109,651,000Source | 125,918,000Source | 118,261,000Source |
| Operating Lease, Liability, NoncurrentUSD | 83,957,000Source | 73,145,000Source | 61,450,000Source | 64,626,000Source |
| Deferred Income Tax Liabilities, NetUSD | 20,425,000Source | 23,678,000Source | 940,000Source | 902,000Source |
| Other Liabilities, NoncurrentUSD | 15,875,000Source | 10,850,000Source | 12,132,000Source | 12,773,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 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 | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 1,407,000Source | 1,866,000Source | 1,186,000Source | 782,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 134,521,000Source | 186,525,000Source | 129,567,000Source | 239,128,000Source |
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: | ||||
| Depreciation, Depletion and AmortizationUSD | 33,755,000Source | 53,717,000Source | 34,728,000Source | 36,978,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 9,041,000Source | 7,137,000Source | 4,571,000Source | 4,205,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -14,694,000Source | -13,590,000Source | -6,678,000Source | 34,802,000Source |
| Increase (Decrease) in InventoriesUSD | -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 | 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 | 150,408,000Source | 0Source | 485,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 9,566,000Source | -137,526,000Source | -6,573,000Source | 27,139,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 6,015,000Source | 8,145,000Source | 7,944,000Source | 7,492,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,321,000Source | 1,090,000Source | — | — |
| Payments for Repurchase of Common StockUSD | 34,612,000Source | 0Source | 5,996,000Source | 3,826,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -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 | -10,000,000Source | -1,504,000Source | -4,864,000Source | 4,171,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 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 | 16,937,000Source | 26,764,000Source | 17,088,000Source | 25,325,000Source |
| Income Taxes Paid, NetUSD | 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 | 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 | 19,938,000Source | 36,821,000Source | 23,929,000Source | 24,537,000Source |
| DepreciationUSD | 13,817,000Source | 16,896,000Source | 10,799,000Source | 12,441,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 4,754,000Source | -7,315,000Source | -10,233,000Source | 24,548,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -2,854,000Source | — | 0Source |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | 378,000Source | -484,000Source | -156,000Source | 1,271,000Source |
| GoodwillUSD | 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 | 26,247,000Source | 6,900,000Source | 11,062,000Source | 6,637,000Source |
| Inventory Write-downUSD | 19,673,000Source | 2,716,000Source | 2,784,000Source | 2,698,000Source |
| Net Income (Loss) Attributable to ParentUSD | -9,660,000Source | -135,326,000Source | -18,876,000Source | 3,712,000Source |
| Nonoperating Income (Expense)USD | -13,558,000Source | -41,659,000Source | -28,530,000Source | -6,977,000Source |
| Operating ExpensesUSD | 188,891,000Source | 341,800,000Source | 183,437,000Source | 171,200,000Source |
| Operating Lease, Impairment LossUSD | 1,600,000Source | — | — | — |
| Payments of Financing CostsUSD | 914,000Source | 8,534,000Source | 311,000Source | 0Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 791,474,000Source | 816,425,000Source | 738,864,000Source | 699,913,000Source |
| Cost of RevenueUSD | 572,438,000Source | 561,392,000Source | 534,711,000Source | 511,387,000Source |
| Selling, General and Administrative ExpenseUSD | 199,905,000Source | 219,325,000Source | 180,389,000Source | 179,471,000Source |
| Operating Income (Loss)USD | 30,145,000Source | -86,767,000Source | 20,716,000Source | 17,326,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 16,587,000Source | -128,426,000Source | -7,814,000Source | 10,349,000Source |
| Income Tax Expense (Benefit)USD | 26,247,000Source | 6,900,000Source | 11,062,000Source | 6,637,000Source |
| Net Income (Loss) Attributable to ParentUSD | -9,660,000Source | -135,326,000Source | -18,876,000Source | 3,712,000Source |
| Earnings Per Share, BasicUSD per share | -0.81Source | -11Source | -1.85Source | 0.65Source |
| Earnings Per Share, DilutedUSD per share | -0.81Source | -11Source | -1.85Source | 0.62Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 11,883,000Source | 12,299,000Source | 10,212,000Source | 5,747,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 11,883,000Source | 12,299,000Source | 10,212,000Source | 5,951,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 19,938,000Source | 36,821,000Source | 23,929,000Source | 24,537,000Source |
| Business Combination, Acquisition Related CostsUSD | — | 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 | 4,754,000Source | -7,315,000Source | -10,233,000Source | 24,548,000Source |
| Gross ProfitUSD | 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 | -18,312,000Source | -31,490,000Source | -18,297,000Source | -31,525,000Source |
| Nonoperating Income (Expense)USD | -13,558,000Source | -41,659,000Source | -28,530,000Source | -6,977,000Source |
| Operating ExpensesUSD | 188,891,000Source | 341,800,000Source | 183,437,000Source | 171,200,000Source |
| Other ExpensesUSD | 546,000Source | 7,728,000Source | 2,892,000Source | — |