FORUM ENERGY TECHNOLOGIES, INC.

Listed Company

FETCIK 0001401257NYSEAcceleratedSmaller ReportingOil & Gas Field Machinery & EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$791.47M

Net Income

$-9.66M

Total Assets

$752.46M

Equity

$291.14M

Shares Out

11.30M

Op. Cash Flow

$70.40M

FET$52.25+165.43% · past yearDBEQ Basic

Daily closing prices

Business

Forum Energy Technologies, Inc. manufactures engineered products for the oil, natural gas, defense and renewable energy industries. The company supplies capital equipment including drilling rigs, subsea vehicles, production systems and valves, along with consumable products such as fluid end components, cables, protective systems and tubing. FET operates two segments: Drilling and Completions, providing drilling equipment, subsea ROVs, pressure pumping equipment and wireline cable; and Artificial Lift and Downhole, offering downhole protection systems, production equipment and industrial valves. The company sells globally to oil and gas operators, service companies and defense contractors.

Summary from 10-K filed 2026-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	791	816	739	700	541
Cost of sales	572	561	535	511	418
Gross profit	219	255	204	189	123
Selling, general and administrative expenses	200	219	180	179	169
Transaction expenses	546,000	8	3	0	—
Impairment of intangible assets	0	119	0	—	—
Gain on sale-leaseback transactions	−11	−5	0	−7	0
Loss (gain) on disposal of assets and other	−378,000	484,000	156,000	−1	−1
Total operating expenses	189	342	183	171	168
Operating income (loss)	30	−87	21	17	−44
Interest expense	18	31	18	32	32
Loss on extinguishment of debt	0	3	0	0	5
Foreign exchange losses (gains) and other, net	−5	7	10	−25	217,000
Total other expense, net	14	42	29	7	38
Income (loss) before income taxes	17	−128	−8	10	−82
Income tax expense	26	7	11	7	642,000
Net loss	−10	−135	−19	4	−83
Basic (in shares)	12	12	10	6	6
Diluted (in shares)	12	12	10	6	6
Basic (in dollars per share)	−0.81	−11	−1.85	0.65	−14.65
Diluted (in dollars per share)	−0.81	−11	−1.85	0.62	−14.65
Change in foreign currency translation	8	−8	13	−29	−1
Gain on pension liability	294,000	157,000	−508,000	2	840,000
Comprehensive loss	−2	−143	−7	−23	−83

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	35	45	46	51	47
Accounts receivabletrade, net of allowances of $8,953 and $9,529	142	154	147	154	124
Inventories, net	239	265	300	270	242
Prepaid expenses and other current assets	23	19	22	22	24
Costs and estimated profits in excess of billings	9	12	13	15	8
Accrued revenue	21,000	752,000	2	665,000	2
Total current assets	449	496	530	513	447
Property and equipment, net of accumulated depreciation	52	63	61	63	94
Operating lease assets	81	70	55	57	25
Deferred financing costs, net	2	2	1	1	1
Goodwill	65	62	0	—	—
Intangible assets, net	94	109	168	191	217
Deferred tax assets, net	8	11	368,000	184,000	203,000
Other long-term assets	3	2	5	9	6
Total assets	752	816	821	835	791
Current portion of long-term debt	1	2	1	782,000	860,000
Accounts payabletrade	95	110	126	118	99
Accrued liabilities	76	77	62	77	58
Deferred revenue	17	9	11	14	7
Billings in excess of costs and profits recognized	17	5	4	305,000	10
Total current liabilities	207	202	204	210	176
Long-term debt, net of current portion	135	187	130	239	232
Deferred tax liabilities, net	20	24	940,000	902,000	834,000
Operating lease liabilities	84	73	61	65	35
Other long-term liabilities	16	11	12	13	19
Total liabilities	461	496	408	528	462
Commitments and contingencies	—	—	—	—	—
Common stock, $0.01 par value, 29,600,000 and 14,800,000 shares authorized, 13,192,818 and 12,999,246 shares issued	132,000	130,000	109,000	62,000	61,000
Additional paid-in capital	1,428	1,420	1,369	1,254	1,250
Treasury stock at cost, 2,095,969 and 708,900 shares	−177	−142	−142	−139	−136
Retained deficit	−844	−835	−699	−681	−684
Accumulated other comprehensive loss	−115	−123	−115	−127	−101
Total equity	291	320	413	307	329
Total liabilities and equity	752	816	821	835	791

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation expense	14	17	11	12	17
Amortization of intangible assets	20	37	24	25	25
Impairment of property and equipment and other assets	4	0	—	—	—
Impairment of intangible assets	0	119	—	—	—
Stock-based compensation expense	9	7	5	4	8
Inventory write downs	20	3	3	3	8
Provision for doubtful accounts	−193,000	389,000	2	2	2
Deferred income taxes	5	−18	−204,000	−130,000	3
Other	2	6	5	5	5
Accounts receivabletrade	15	14	7	−35	−45
Inventories	11	41	−32	−35	2
Prepaid expenses and other current assets	−4	8	3	590,000	−8
Cost and estimated profits in excess of billings	3	2	2	−8	84,000
Accounts payable, deferred revenue and other accrued liabilities	−18	−8	−5	21	36
Billings in excess of costs and profits recognized	12	438,000	4	−9	8
Net cash provided by operating activities	70	92	8	−17	−16
Capital expenditures for property and equipment	−6	−8	−8	−7	−2
Proceeds from sale of property and equipment	1	703,000	1	3	7
Proceeds from sale-leaseback transactions	15	20	0	32	0
Acquisition of businesses, net of cash acquired	0	−150	0	−485,000	−3
Net cash provided by (used in) investing activities	10	−138	−7	27	11
Borrowings on revolving Credit Facility	562	715	452	544	0
Repayments on revolving Credit Facility	−615	−624	−452	−544	−13
Proceeds from issuance of 2029 Bonds	0	100	0	—	—
Payments of 2025 Notes	0	−134	0	—	—
Proceeds from issuance of Seller Term Loan	0	60	—	—	—
Payments of Seller Term Loan	0	−60	0	—	—
Payment of capital lease obligations	−2	−1	−1	−1	−2
Repurchases of stock	−35	0	−6	−4	−1
Payments of withheld taxes on stock-based compensation plans	−1	−1	0	—	—
Deferred financing costs	−914,000	−9	−311,000	0	−2
Net cash provided by (used in) financing activities	−92	45	−8	−5	−76
Effect of exchange rate changes on cash	2	−1	1	−838,000	−439,000
Net decrease in cash, cash equivalents and restricted cash	−10	−2	−5	4	−82
Cash paid for interest	17	27	17	25	27
Cash paid for income taxes	26	23	9	−383,000	2
Operating lease assets obtained in exchange for lease obligations	21	26	8	41	2
Finance lease assets obtained in exchange for lease obligations	2	2	2	2	463,000
Accrued purchases of property and equipment	85,000	1	6,000	50,000	0
Stock issued related to business acquisition	0	44	0	—	—
Liability awards converted to shares settled	0	337,000	0	—	—

Filings

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Frequently asked questions

What is FORUM ENERGY TECHNOLOGIES, INC.'s CIK number?

FORUM ENERGY TECHNOLOGIES, INC.'s SEC CIK number is 0001401257 (1401257). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find FORUM ENERGY TECHNOLOGIES, INC.'s SEC filings?

All of FORUM ENERGY TECHNOLOGIES, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did FORUM ENERGY TECHNOLOGIES, INC. last report earnings?

FORUM ENERGY TECHNOLOGIES, INC. (FET) most recently filed an earnings 8-K with the SEC on May 1, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001401257-26-000030). This is FORUM ENERGY TECHNOLOGIES, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is FORUM ENERGY TECHNOLOGIES, INC.'s most recent earnings 8-K?

FORUM ENERGY TECHNOLOGIES, INC.'s latest earnings 8-K (Item 2.02) was filed May 1, 2026 under accession 0001401257-26-000030. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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