Every 10-Q that Forum Energy Technologies, Inc. (FET) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FET and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FET filings page.
Forum Energy Technologies reported stronger Q2 2026 results, with revenue of $226.2 million, up 13.2% from Q2 2025. Net income rose to $12.4 million and diluted EPS to $1.05, supported by revenue growth and margin expansion in both Drilling and Completions and Artificial Lift and Downhole.
For the first half of 2026, revenue totaled $434.9 million and net income $16.9 million. Operating cash flow was $14.1 million, reflecting higher accounts receivable from increased sales. As of June 30, 2026, cash was $33.7 million, total debt principal $148.5 million, and undrawn Credit Facility availability $62.0 million.
Forum Energy Technologies delivered stronger Q1 2026 results with sharply higher profit. Revenue rose to $208.7 million from $193.3 million, driven by higher subsea ROV and coiled tubing sales in Drilling and Completions and increased sand, flow control and valve sales in Artificial Lift and Downhole.
Segment operating income increased to $11.0 million, with Artificial Lift and Downhole margin expanding to 14.1%. Net income grew to $4.5 million versus $1.1 million a year ago, lifting diluted EPS to $0.39. Operating cash flow was modest at $1.6 million as higher receivables absorbed cash, while the company ended the quarter with $37.5 million in cash, $55.1 million drawn on its Credit Facility and $53.6 million of remaining availability.
Forum Energy Technologies (FET) reported Q3 2025 revenue of $196.231M and a net loss of $20.554M (loss per share $1.76). The Drilling & Completions segment fell to $117.5M (down 5.0%), while Artificial Lift & Downhole was $79.0M (down 6.2%). Segment results reflected inventory write-downs, asset impairments and other costs of $21.1M tied to facility consolidation and product discontinuations, partly offset by a sale‑leaseback gain of $4.279M in the quarter.
Interest expense declined to $4.365M on lower borrowings, but tax expense rose to $10.074M, including a valuation allowance of $5.2M. Year‑to‑date operating cash flow was strong at $47.965M. Liquidity included cash of $31.693M and $85.7M of availability on the asset‑based Credit Facility, with $42.8M drawn and $31.5M in letters of credit outstanding as of Sep 30, 2025. Debt comprised $100.0M of 2029 Bonds and Credit Facility borrowings. FET repurchased 966 thousand shares for about $21.3M year‑to‑date; shares outstanding were 11,377,958 as of Oct 24, 2025.
Quarterly highlights (unaudited)
Forum Energy Technologies, Inc. (FET) reported revenue of $199.8 million for the three months ended June 30, 2025 (Q2 2025) and $393.0 million for the six months ended June 30, 2025, versus $205.2 million and $407.6 million in the comparable 2024 periods. Q2 2025 gross profit was $59.4 million and operating income was $14.7 million. Net income for Q2 2025 was $7.7 million (diluted EPS $0.61) versus a loss of $6.7 million in Q2 2024; six-month net income was $8.8 million (diluted EPS $0.70) versus a loss of $17.0 million a year earlier.
Liquidity, debt and corporate actions
- Cash and cash equivalents: $38.97 million at June 30, 2025.
- Credit Facility availability: $93.1 million; borrowings under facility: $62.4 million.
- 2029 Bonds principal: $100.0 million (10.5% coupon).
- Long-term debt, net of current portion: $157.7 million.
- Board approved increase in authorized common shares to 29.6 million on May 9, 2025.
- Share repurchases: repurchased ~331k shares for $6.3 million in H1 2025 (remaining repurchase authorization $68.7 million); subsequent repurchase ~249k shares for $5.0M.
Other material items Gain on sale-leaseback recognized of $6.9 million with proceeds ~ $8.0M; contract liabilities increased $10.9M YTD primarily due to Subsea milestone billings; the company was in compliance with Credit Facility and 2029 Bonds covenants at June 30, 2025.