FARO Technologies Inc. (FARO) Financial Statements (2026 and earlier)

Company Profile

Business Address 125 TECHNOLOGY PARK
LAKE MARY, FL 32746-6204
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments98,70296,28337,812121,989185,633158,504
Cash and cash equivalent88,70376,78737,812121,989185,633133,634
Short-term investments9,99919,496   24,870
Receivables89,16794,67990,32678,52364,61676,162
Inventory, net of allowances, customer advances and progress billings32,12134,52950,02653,14547,39158,554
Inventory32,12134,52950,02653,14547,39158,554
Prepaid expense 10,45710,925    
Other undisclosed current assets17,72425,19241,20119,79326,29528,996
Total current assets:248,171261,608219,365273,450323,935322,216
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 29175136158398720
Operating lease, right-of-use asset15,88012,23118,98922,54326,10718,418
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 18,76721,18119,72022,19423,09126,954
Intangible asset, including goodwill, after accumulated amortization150,688157,425156,133107,71270,84264,175
Goodwill106,555109,534107,15582,09657,54149,704
Intangible asset, excluding goodwill, after accumulated amortization44,13347,89148,97825,61613,30114,471
Deferred income tax assets23,00525,02724,19221,27747,45018,766
Other noncurrent assets3,7344,0734,0442,0102,3362,964
Other undisclosed noncurrent assets22,73122,97230,76830,39631,43332,629
Total noncurrent assets:234,834243,084253,982206,290201,657164,626
TOTAL ASSETS:483,005504,692473,347479,740525,592486,842
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities55,07157,33450,63146,90660,15656,972
Taxes payable✕✕✕✕4,4993,4425,182
Accounts payable27,33627,40427,28614,19914,12113,718
Accrued liabilities27,73529,93023,34528,20842,59338,072
Deferred revenue41,59040,55536,40740,83839,149 
Debt 671081741372786,674
Other undisclosed current liabilities16,13215,27619,02711,0008,36442,319
Total current liabilities:112,860113,273106,23998,881107,947105,965
Noncurrent Liabilities
Long-term debt and lease obligation 9111211718,64822,13113,698
Finance lease, liability 91112117110146426
Liabilities, other than long-term debt50,26850,05355,94235,75235,21135,187
Accounts payable and accrued liabilities1,4855,6298,70611,29711,58313,177
Deferred revenue19,88620,25620,94722,35021,75720,578
Deferred income tax liabilities14,80913,30811,7081,058787357
Other liabilities3223491,0471,0841,075
Operating lease, liability 14,05610,83714,53218,53821,98513,272
Other undisclosed noncurrent liabilities70,17672,648    
Total noncurrent liabilities:120,535122,81356,05954,40057,34248,885
Total liabilities:233,395236,086162,298153,281165,289154,850
Equity
Equity, attributable to parent249,610268,606311,049326,459360,303331,992
Common stock202020201919
Treasury stock, value(40,669)(30,655)(30,655)(30,792)(31,043)(31,375)
Additional paid in capital358,133346,277328,227301,061287,979267,868
Accumulated other comprehensive loss(49,019)(37,247)(33,331)(17,374)(10,160)(17,399)
Retained earnings (accumulated deficit)(18,855)(9,789)46,78873,544113,508112,879
Total equity:249,610268,606311,049326,459360,303331,992
TOTAL LIABILITIES AND EQUITY:483,005504,692473,347479,740525,592486,842

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues342,427358,831345,765337,814303,768381,765
Cost of revenue
(Cost of Product and Service Sold)		(155,274)(193,832)(170,002)(153,887)(143,921)(183,633)
Gross profit:187,153164,999175,763183,927159,847198,132
Operating expenses(183,824)(214,535)(200,686)(192,363)(190,529)(256,766)
Operating income (loss):3,329(49,536)(24,923)(8,436)(30,682)(58,634)
Nonoperating income (expense)(712)(1,178)3,236(70)(431)(2,313)
Gain (loss), foreign currency transaction, before tax   3,331(560)(1,680)(1,211)
Other nonoperating income (expense)   (95)4901,249(512)
Interest and debt expense(10)(16)(18)(55)(29)(781)
Income (loss) from continuing operations before equity method investments, income taxes:2,607(50,730)(21,705)(8,561)(31,142)(61,728)
Other undisclosed income (loss) from continuing operations before income taxes(3,541)(3,332)54 369714
Income (loss) from continuing operations before income taxes:(934)(54,062)(21,651)(8,561)(30,773)(61,014)
Income tax expense (benefit)(8,132)(2,515)(5,105)(31,403)31,402(1,133)
Income (loss) from continuing operations:(9,066)(56,577)(26,756)(39,964)629(62,147)
Income (loss) before gain (loss) on sale of properties:✕✕✕✕(39,964)629(62,147)
Net income (loss) available to common stockholders, diluted:(9,066)(56,577)(26,756)(39,964)629(62,147)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(9,066)(56,577)(26,756)(39,964)629(62,147)
Comprehensive income (loss):(9,066)(56,577)(26,756)(39,964)629(62,147)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(11,772)(3,916)(15,957)(7,214)7,2391,084
Comprehensive income (loss), net of tax, attributable to parent:(20,838)(60,493)(42,713)(47,178)7,868(61,063)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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