Inferra AI / Company / FET
Forum Energy Technologies, Inc.
FET · Energy
Last earnings Oct 29, 2026
Key results
Adjusted net incomequarter
$3 million
Adjusted for $22 million of asset impairments and restructuring costs, and $5 million of tax valuation allowance reserve, partially offset by $4 million of sale leaseback transaction gain, adjusted net income was $3 million or approximately $0.27 per diluted share.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Revenuequarter
$117 million
Segment Results (unless otherwise noted, comparisons are third quarter 2025 versus second quarter 2025 ) Drilling and Completions segment revenue was $117 million, flat sequentially .
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Artificial Lift and Downhole segment revenue was $79 million, a 4% decrease.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Free cash flowfull-year
$75 million
(2) The free cash flow yield disclosed is a financial ratio calculated by dividing annualized free cash flow by the Company's market capitalization as of October 29, 2025, and using the midpoint $75 million of guided full year free cash flow.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Free cash flowquarter
20%
As of October 29, 2025, the free cash flow yield was 20%.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
AI analysis
Q3 2025 · reported Oct 31, 2025
Based on: Earnings release + parent 8-K — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Oct 31, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Adjusted net income | $3 million | $8 million | — |
| Revenue | $117 million | $200 million | — |
| Free cash flow | 20% | 30% | — |
Guidance · company-stated
Direction: Raised
“htm EX-99.1 Document Exhibit 99.1 Forum Energy Technologies Announces Third Quarter 2025 Results Raises Full Year 2025 Cash Flow Guidance Orders $240 million 122% book-to-bill ratio highest backlog in more than ten years Revenue $196 million, down 2% sequentially Net loss $21 million, or $1.76 per diluted share Adjusted net income $3 million, or $0.27 per diluted share Adjusted EBITDA $23 million, up 13% sequentially Operating cash flow and free cash flow $23 million and $28 million, respectively Share repurchases 635 thousand shares for $15 million 2025 full year free cash flow guidance increased $70 - $80 million HOUSTON, TEXAS, October 30, 2025 - Forum Energy Technologies, Inc.”
“In addition, we exceeded free cash flow expectations and are raising 2025 guidance to between $70 and $80 million.”
Classified from the release's primary full-year outlook statement.
Cash flow & capex
Capital allocation
htm EX-99.1 Document Exhibit 99.1 Forum Energy Technologies Announces Third Quarter 2025 Results Raises Full Year 2025 Cash Flow Guidance Orders $240 million 122% book-to-bill ratio highest backlog in more than ten years Revenue $196 million, down 2% sequentially Net loss $21 million, or $1.76 per diluted share Adjusted net income $3 million, or $0.27 per diluted share Adjusted EBITDA $23 million, up 13% sequentially Operating cash flow and free cash flow $23 million and $28 million, respectively Share repurchases 635 thousand shares for $15 million 2025 full year free cash flow guidance increased $70 - $80 million HOUSTON, TEXAS, October 30, 2025 - Forum Energy Technologies, Inc.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue +105.1% computed from stated figures
Event summary
Forum Energy Technologies, Inc. — Earnings release (2025-10-31)
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
Direction: Raised
Revenue: “htm EX-99.1 Document Exhibit 99.1 Forum Energy Technologies Announces Third Quarter 2025 Results Raises Full Year 2025 Cash Flow Guidance Orders $240 million 122% book-to-bill ratio highest backlog in more than ten years Revenue $196 million, down 2% sequentially Net loss $21 million, or $1.76 per diluted share Adjusted net income $3 million, or $0.27 per diluted share Adjusted EBITDA $23 million, up 13% sequentially Operating cash flow and free cash flow $23 million and $28 million, respectively Share repurchases 635 thousand shares for $15 million 2025 full year free cash flow guidance increased $70 - $80 million HOUSTON, TEXAS, October 30, 2025 - Forum Energy Technologies, Inc.”
Company outlook: “In addition, we exceeded free cash flow expectations and are raising 2025 guidance to between $70 and $80 million.”
Revenue — Raised (“Raises”)
“htm EX-99.1 Document Exhibit 99.1 Forum Energy Technologies Announces Third Quarter 2025 Results Raises Full Year 2025 Cash Flow Guidance Orders $240 million 122% book-to-bill ratio highest backlog in more than ten years Revenue $196 million, down 2% sequentially Net loss $21 million, or $1.76 per diluted share Adjusted net income $3 million, or $0.27 per diluted share Adjusted EBITDA $23 million, up 13% sequentially Operating cash flow and free cash flow $23 million and $28 million, respectively Share repurchases 635 thousand shares for $15 million 2025 full year free cash flow guidance increased $70 - $80 million HOUSTON, TEXAS, October 30, 2025 - Forum Energy Technologies, Inc.”
Company outlook — Raised (“raising”)
“In addition, we exceeded free cash flow expectations and are raising 2025 guidance to between $70 and $80 million.”
Classified from the release's primary full-year outlook statement.
Capital allocation
htm EX-99.1 Document Exhibit 99.1 Forum Energy Technologies Announces Third Quarter 2025 Results Raises Full Year 2025 Cash Flow Guidance Orders $240 million 122% book-to-bill ratio highest backlog in more than ten years Revenue $196 million, down 2% sequentially Net loss $21 million, or $1.76 per diluted share Adjusted net income $3 million, or $0.27 per diluted share Adjusted EBITDA $23 million, up 13% sequentially Operating cash flow and free cash flow $23 million and $28 million, respectively Share repurchases 635 thousand shares for $15 million 2025 full year free cash flow guidance increased $70 - $80 million HOUSTON, TEXAS, October 30, 2025 - Forum Energy Technologies, Inc.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
FET executed significant capital returns through further net debt reductions and share repurchases.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Year-to-date through September, we repurchased 8% of our outstanding shares.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and anticipated financial and operating results of the Company, including any statement about the Company's outlook, future financial position, liquidity and capital resources, operations, performance, cash flow, acquisitions, returns, capital expenditure budgets, new product development activities, strategic investments, share repurchases, costs and other guidance included in this press release.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
(2) The Company believes that the presentation of EBITDA is useful to investors because EBITDA is an appropriate measure for evaluating operating performance and liquidity that reflects the resources available for strategic opportunities including, among others, investing in the business, strengthening the balance sheet, repurchasing securities and making strategic acquisitions.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
It reflects the resources available for strategic opportunities including, among others, investing in the business, strengthening the balance sheet, repurchasing securities, and making strategic acquisitions.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Strategy & priorities
Our Beat the Market strategy drove strong bookings and meaningful backlog growth.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and anticipated financial and operating results of the Company, including any statement about the Company's outlook, future financial position, liquidity and capital resources, operations, performance, cash flow, acquisitions, returns, capital expenditure budgets, new product development activities, strategic investments, share repurchases, costs and other guidance included in this press release.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
(2) The Company believes that the presentation of EBITDA is useful to investors because EBITDA is an appropriate measure for evaluating operating performance and liquidity that reflects the resources available for strategic opportunities including, among others, investing in the business, strengthening the balance sheet, repurchasing securities and making strategic acquisitions.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
It reflects the resources available for strategic opportunities including, among others, investing in the business, strengthening the balance sheet, repurchasing securities, and making strategic acquisitions.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Risks & headwinds
Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
What changed vs prior quarter
Guidance direction — prior quarter: Raised; this quarter: Raised
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Revenue — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Free cash flow — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Forum Energy Technologies, Inc. — Earnings release (8-K exhibit)EX-99Oct 31, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
34 documentsEarnings releases
12 documentsPresentations
0 documentsNo presentations for Forum Energy Technologies, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Forum Energy Technologies, Inc. are held in this edition of the library.
Mentioned by
7 companiesOther tracked companies whose held documents mention Forum Energy Technologies, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“nergy Corp.’s common stock during any period may in the aggregate… …and dilution from the FET equity interest transaction that closed in March 2024. Consolidated GAAP Earnings Per Share (EPS) to Core (Non-GAAP) EPS Reconciliation Three Months E”
Turning Point Brands, Inc. (TPB)
“ 318 - Manufacturing start-up costs (m) 642 - Tariff adjustment (n) 1,991 - FET refund (o) - (1,674 ) Adjusted EBITDA $ 119,522 $ 104,459…”
“optical networking, advanced packaging, software and IP. Our core technologies such as FinFET, FD-SOI (“FDX™”), RF-SOI, SiGe, RF GaN, BCD … …manufacturers of semiconductors the world relies on to live, work and connect, enabling the scaling of Artifi”
“F, power, optical networking, advanced packaging and IP. Our core technologies such as FinFET, FD-SOI (“FDX™”), RF-SOI, SiGe, RF GaN, BCD and high-voltage… …manufacturers of semiconductors the world relies on to live, work and connect, enabling the s”
“ inaugural share repurchase program (2023) 16 FTI DRQ WEIR NCSM SBO OIS HTG FET NOV 0.0% 10.0% 20.0% 30.0% 40.0% … … million ◼ 2024 capital expenditure guidance driven by: ◼ ~$20 million for international growth and supply chain diversi”
“ costs, capital expenditure, cash conversion cycle and annualized effective tax rate… …FinFET FinFET GAAGAA GAA GAA CFETCFET CFET Nanosheet Nanosheet Forksheet Forksheet Atomic Context-aware interconnect Source: IMEC, Future Summits, May 2022 Page 12”
“ do not always achieve… …leadership in 2025 with key process innovations, including RibbonFET and PowerVia. Also introduced new advanced packaging technologies, Foveros Omni and Foveros Direct, for 2023. ▪ Detailed Intel’s biggest architectural shift”
See also the earnings calendar for every tracked company’s next earnings date.