Forum Energy Technologies Inc. (FET) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
10344 SAM HOUSTON PARK DRIVE HOUSTON, TX 77064 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3533 - Oil and Gas Field Machinery and Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 | 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 investments | 44,661 | 46,165 | 51,029 | 46,858 | 128,617 | 57,911 | |||
| Cash and cash equivalent | 44,661 | 46,165 | 51,029 | 46,858 | 128,617 | 57,911 | |||
| Receivables | 153,926 | 146,747 | 154,247 | 123,903 | 80,606 | 154,182 | |||
| Inventory, net of allowances, customer advances and progress billings | 265,487 | 299,639 | 269,828 | 241,740 | 251,747 | 414,640 | |||
| Inventory | 265,487 | 299,639 | 269,828 | 241,740 | 251,747 | 414,640 | |||
| Contract with customer, asset, after allowance for credit loss | 12,384 | 15,166 | 15,804 | 10,530 | 10,203 | 5,364 | |||
| Other undisclosed current assets | 19,179 | 21,887 | 21,957 | 23,702 | 19,018 | 33,820 | |||
| Total current assets: | 495,637 | 529,604 | 512,865 | 446,733 | 490,191 | 665,917 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3,579 | 3,063 | 2,500 | 1,727 | 2,085 | ||||
| Operating lease, right-of-use asset | 70,389 | 55,399 | 57,270 | 25,431 | 31,520 | 48,682 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 309,648 | 154,836 | |||||||
| Intangible asset, including goodwill, after accumulated amortization | 170,883 | 167,970 | 191,481 | 217,405 | 240,444 | (734,300) | |||
| Goodwill | 61,653 | (1,006,600) | |||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 109,230 | 167,970 | 191,481 | 217,405 | 240,444 | 272,300 | |||
| Contract with customer, asset, after allowance for credit loss | 1,828 | 2,638 | |||||||
| Regulated entity, other noncurrent assets | 5,374 | 1,245 | 3,759 | 4,918 | 3,232 | ||||
| Deferred income tax assets | 11,445 | 368 | 184 | 203 | 102 | 654 | |||
| Other noncurrent assets | 2,025 | 5,160 | 8,828 | 6,075 | 13,752 | 16,365 | |||
| Other undisclosed noncurrent assets | 56,622 | 56,424 | 55,232 | 88,844 | (195,731) | 1,002,526 | |||
| Total noncurrent assets: | 320,317 | 291,457 | 321,892 | 344,603 | 399,735 | 494,080 | |||
| TOTAL ASSETS: | 815,954 | 821,061 | 834,757 | 791,336 | 889,926 | 1,159,997 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 186,890 | 188,381 | 194,805 | 157,815 | 113,932 | 185,345 | |||
| Accounts payable | 109,651 | 125,918 | 118,261 | 99,379 | 46,351 | 98,720 | |||
| Accrued liabilities | 77,239 | 62,463 | 76,544 | 58,436 | 67,581 | 86,625 | |||
| Debt | 3,732 | 2,372 | 1,564 | 1,720 | 1,322 | 717 | |||
| Other undisclosed current liabilities | 11,234 | 13,586 | 13,924 | 16,121 | 9,680 | 10,788 | |||
| Total current liabilities: | 201,856 | 204,339 | 210,293 | 175,656 | 124,934 | 196,850 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 186,525 | 129,567 | 239,128 | 267,115 | 293,373 | 398,862 | |||
| Long-term debt, excluding current maturities | 186,525 | 129,567 | 239,128 | 232,370 | |||||
| Finance lease, liability | 950 | 1,324 | |||||||
| Other undisclosed long-term debt and lease obligation | 247,887 | 347,600 | |||||||
| Liabilities, other than long-term debt | 107,673 | 74,522 | 78,301 | 19,439 | 20,847 | 28,308 | |||
| Deferred income tax liabilities | 23,678 | 940 | 902 | 834 | 1,952 | 2,465 | |||
| Other liabilities | 10,850 | 12,132 | 12,773 | 18,605 | 18,895 | 25,843 | |||
| Operating lease, liability | 73,145 | 61,450 | 64,626 | 34,745 | 44,536 | 49,938 | |||
| Other undisclosed noncurrent liabilities | 44,536 | 49,938 | |||||||
| Total noncurrent liabilities: | 294,198 | 204,089 | 317,429 | 286,554 | 358,756 | 477,108 | |||
| Total liabilities: | 496,054 | 408,428 | 527,722 | 462,210 | 483,690 | 673,958 | |||
| Equity | |||||||||
| Equity, attributable to parent | 319,900 | 412,633 | 307,035 | 329,126 | 406,236 | 486,039 | |||
| Common stock | 130 | 109 | 62 | 61 | 60 | 1,189 | |||
| Treasury stock, value | (142,057) | (142,057) | (138,560) | (135,562) | (134,499) | (134,493) | |||
| Additional paid in capital | 1,419,871 | 1,369,288 | 1,253,613 | 1,249,962 | 1,242,720 | 1,231,650 | |||
| Accumulated other comprehensive loss | (123,247) | (115,236) | (127,485) | (101,028) | (100,389) | (108,938) | |||
| Accumulated deficit | (834,797) | (699,471) | (680,595) | (684,307) | (601,656) | (503,369) | |||
| Total equity: | 319,900 | 412,633 | 307,035 | 329,126 | 406,236 | 486,039 | |||
| TOTAL LIABILITIES AND EQUITY: | 815,954 | 821,061 | 834,757 | 791,336 | 889,926 | 1,159,997 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 816,425 | 738,864 | 699,913 | 541,068 | 512,476 | 956,533 | ||
| Cost of revenue (Cost of Product and Service Sold) | (561,392) | (534,711) | (511,387) | (417,727) | (523,497) | (711,681) | ||
| Gross profit: | 255,033 | 204,153 | 188,526 | 123,341 | (11,021) | 244,852 | ||
| Operating expenses | (341,800) | (183,437) | (171,200) | (167,834) | (220,602) | (780,680) | ||
| Other undisclosed operating loss | (318) | |||||||
| Operating income (loss): | (86,767) | 20,716 | 17,326 | (44,493) | (231,623) | (536,146) | ||
| Nonoperating income (expense) | (41,659) | (28,530) | (6,977) | (37,516) | 121,853 | (32,725) | ||
| Gain (loss), foreign currency transaction, before tax | (7,315) | (10,233) | 24,548 | (217) | (6,470) | (5,022) | ||
| Interest and debt expense | (269) | (180) | (77) | (110) | (1,955) | (1,981) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1,955 | 1,981 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (128,695) | (7,994) | 10,272 | (82,119) | (109,770) | (568,871) | ||
| Other undisclosed income from continuing operations before income taxes | 269 | 180 | 77 | 110 | ||||
| Income (loss) from continuing operations before income taxes: | (128,426) | (7,814) | 10,349 | (82,009) | (109,770) | (568,871) | ||
| Income tax expense (benefit) | (6,900) | (11,062) | (6,637) | (642) | 12,881 | 1,814 | ||
| Income (loss) from continuing operations: | (135,326) | (18,876) | 3,712 | (82,651) | (96,889) | (567,057) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (82,651) | (96,889) | (567,057) | |
| Net income (loss) available to common stockholders, diluted: | (135,326) | (18,876) | 3,712 | (82,651) | (96,889) | (567,057) | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (135,326) | (18,876) | 3,712 | (82,651) | (96,889) | (567,057) | ||
| Other comprehensive income (loss) | 157 | (508) | 2,256 | 840 | (700) | (1,666) | ||
| Other undisclosed comprehensive income (loss) | (8,168) | 12,757 | (28,713) | 7,958 | ||||
| Comprehensive loss: | (143,337) | (6,627) | (22,745) | (81,811) | (97,589) | (560,765) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1,479) | 9,249 | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (143,337) | (6,627) | (22,745) | (83,290) | (88,340) | (560,765) | ||
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.