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.
Revenue
$207.8M
Gross Profit
$65.7M
Operating Profit
$8.9M
Net Profit
$-14.8M
Gross Margin
31.6%
Operating Margin
4.3%
Net Margin
-7.1%
YoY Growth
15.9%
EPS
$-1.20
FORUM ENERGY TECHNOLOGIES, INC. Q3 FY2024 Financial Summary
FORUM ENERGY TECHNOLOGIES, INC. reported revenue of $207.8M (up 15.9% YoY) for Q3 FY2024, with a net profit of $-14.8M (down 285.9% YoY) (-7.1% margin). Cost of goods sold was $142.1M, operating expenses totaled $56.8M.
Key Financial Metrics
| Total Revenue | $207.8M |
|---|---|
| Net Profit | $-14.8M |
| Gross Margin | 31.6% |
| Operating Margin | 4.3% |
| Report Period | Q3 FY2024 |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $791.5M |
| 2024 | $816.4M |
| 2023 | $738.9M |
| 2022 | $699.9M |
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 |