FORUM ENERGY TECHNOLOGIES, INC.FETEarnings & Financial Report
Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.
FET Q1 FY2026 Key Financial Metrics
Revenue
$208.7M
Gross Profit
$61.0M
Operating Profit
$11.0M
Net Profit
$4.5M
Gross Margin
29.2%
Operating Margin
5.3%
Net Margin
2.2%
YoY Growth
3.2%
EPS
$0.39
FORUM ENERGY TECHNOLOGIES, INC. Q1 FY2026 Financial Summary
FORUM ENERGY TECHNOLOGIES, INC. reported revenue of $208.7M (up 3.2% YoY) for Q1 FY2026, with a net profit of $4.5M (up 300.4% YoY) (2.2% margin). Cost of goods sold was $147.7M, operating expenses totaled $50.0M.
Key Financial Metrics
| Total Revenue | $208.7M |
|---|---|
| Net Profit | $4.5M |
| Gross Margin | 29.2% |
| Operating Margin | 5.3% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
FORUM ENERGY TECHNOLOGIES, INC. Q1 FY2026 revenue of $208.7M breaks down across 4 segments, led by Drilling and Completions at $126.7M (60.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Drilling and Completions | $126.7M | 60.7% |
| Downhole | $50.6M | 24.2% |
| Production Equipment | $18.8M | 9.0% |
| Valve Solutions | $12.8M | 6.1% |
FORUM ENERGY TECHNOLOGIES, INC. Annual Revenue by Year
FORUM ENERGY TECHNOLOGIES, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $791.5M).
FORUM ENERGY TECHNOLOGIES, INC. Quarterly Revenue & Net Profit History
FORUM ENERGY TECHNOLOGIES, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $208.7M | +3.2% | $4.5M | 2.2% |
| Q4 FY2025 | $202.2M | +0.6% | $2.1M | 1.0% |
| Q3 FY2025 | $196.2M | -5.6% | $-20.6M | -10.5% |
| Q2 FY2025 | $199.8M | -2.7% | $7.7M | 3.9% |
| Q1 FY2025 | $193.3M | -4.5% | $1.1M | 0.6% |
| Q4 FY2024 | $201.0M | +8.5% | $-103.5M | -51.5% |
| Q3 FY2024 | $207.8M | +15.9% | $-14.8M | -7.1% |
| Q2 FY2024 | $205.2M | +10.7% | $-6.7M | -3.3% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $205.2M | $207.8M | $201.0M | $193.3M | $199.8M | $196.2M | $202.2M | $208.7M |
| YoY Growth | 10.7% | 15.9% | 8.5% | -4.5% | -2.7% | -5.6% | 0.6% | 3.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $976.8M | $973.7M | $816.0M | $790.1M | $810.1M | $770.1M | $752.5M | $763.1M |
| Liabilities | $534.8M | $530.2M | $496.1M | $470.1M | $475.9M | $472.8M | $461.3M | $482.4M |
| Equity | $442.0M | $443.5M | $319.9M | $320.0M | $334.2M | $297.3M | $291.1M | $280.7M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $23.1M | $25.6M | $38.5M | $9.3M | $15.8M | $22.9M | $22.4M | $1.6M |