Forum Energy Technologies, Inc. (FET) SEC Filings & Earnings Calls
EquiReason read 13 Forum Energy Technologies, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-08-31 — Forum Energy filed legal opinion in connection with prospectus supplement; routine procedural filing..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
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- 980.3M
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- Dividend yield
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- 52-week
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- Next earnings
- 30 Oct, in 6 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
31 Jul 202610-QForum Energy Technologies reported Q2 2026 revenue of $226.2M (+13.2% YoY) and net income of $12.4M (+61.1% YoY), driven by strong demand in Drilling & Completions and margin expansion.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $226M | +13% y/y |
| Net income · Q2-2026 | $12M | +61% y/y |
| Adjusted EBITDA · Q2-2026 | $21M | +158% y/y |
| Total Orders · Q2-2026 | $236M | -10% y/y |
| Drilling and Completions Revenue · Drilling and Completions · Q2-2026 | $139M | +19% y/y |
| Artificial Lift and Downhole Revenue · Artificial Lift and Downhole · Q2-2026 | $87M | +6% y/y |
| Operating cash flow · H1-2026 | $14M | -44% y/y |
| Free cash flow · H1-2026 | $11M |
Risks flagged
Geopolitical uncertainty in Middle East
“Subsequent to the quarter end, tensions in the region escalated, contributing to heightened uncertainty regarding the ongoing implementation of the memorandum, regional stability, global energy supply and transportation routes.” · word for word
Declining rig count
“Despite the elevated energy prices, global average active rig counts decreased compared to the first quarter 2026 and remained below the prior‑year period, reflecting continued capital discipline and expectations for a near term resolution to the Middle East conflicts.” · word for word
Order decline year-over-year
“Total Orders $235,939 vs $263,130 prior year, a decrease of 10.3%”
30 Jul 20268-K · 2.02Orders $236M; Revenue $226M; Net income $12M; Guidance: Revenue +6%, Adj. EBITDA +17%, Adj. Net Income +57%, FCF +3% vs prior guidanceearningsopen
Figures in the filing · each found in the filing text
| Orders · Q2-2026 | $236M | |
| Revenue · Q2-2026 | $226M | |
| Net income · Q2-2026 | $12M | |
| Adjusted EBITDA · Q2-2026 | $32M | |
| Adjusted net income · Q2-2026 | $14M |
Guidance
Revenue +6%, Adj. EBITDA +17%, Adj. Net Income +57%, FCF +3% vs prior guidance
Raised all FY2026 guidance metrics citing strong H1 performance, market share gains, and backlog.
Risks flagged
Oil and natural gas industry cyclicality; exposure to commodity price volatility and customer spending patterns.
“Serving oil, natural gas, defense, and renewable energy industries; demand tied to energy prices and drilling activity.”
1 May 20268-K · 2.02Revenue $209M (+8% y/y); Net income $4M; Adjusted net income $6M; Guidance: FY2026 Adj EBITDA guidance raised to $95-110M (midpoint $103M, +20% YoY)earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $209M | +8% y/y |
| Net income · Q1-2026 | $4M | |
| Adjusted net income · Q1-2026 | $6M | |
| Adjusted EBITDA · Q1-2026 | $23M | +14% y/y |
| Orders · Q1-2026 | $221M | |
| Share repurchases · Q1-2026 | $5M | |
| Adjusted EBITDA guidance range · FY2026 | $103M | +20% y/y |
Guidance
FY2026 Adj EBITDA guidance raised to $95-110M (midpoint $103M, +20% YoY)
Raised full year 2026 adjusted EBITDA guidance; strong Q1 results and backlog growth.
Risks flagged
Middle East conflict could impact operations; minimal impact so far.
“Conflict in Middle East; minimal impact to financial results.”
1 May 202610-QTotal revenue $209M (+8% y/y); Net income $4M (+300% y/y); Operating cash flow $2M (-82% y/y); Guidance: Capital expenditures expected below $10.0 million for full year 2026open
Figures in the filing · each found in the filing text
| Total revenue · Q1-2026 | $209M | +8% y/y |
| Net income · Q1-2026 | $4M | +300% y/y |
| Operating cash flow · Q1-2026 | $2M | -83% y/y |
| Total orders · Q1-2026 | $221M | +10% y/y |
| Drilling and Completions revenue · Drilling and Completions · Q1-2026 | $127M | +10% y/y |
| Artificial Lift and Downhole revenue · Artificial Lift and Downhole · Q1-2026 | $82M | +6% y/y |
Guidance
Capital expenditures expected below $10.0 million for full year 2026
Management expects adequate liquidity and low capex; orders up 10% YoY; margin improved; no explicit revenue guidance but tone is positive.
Risks flagged
Geopolitical risk in Middle East
“military actions involving the U.S., Israel and Iran introduced significant uncertainty into global energy markets” · word for word
Trade policy uncertainty
“U.S. trade policy and global tariff responses have remained volatile and macroeconomic uncertainty across the industry remains” · word for word
Customer capital discipline
“we expect customers to maintain capital discipline, operational efficiency and a returns-focused approach” · word for word
27 Mar 2026DEF 14AAnnual proxy statement disclosing executive compensation, governance, and shareholder proposals.open
Figures in the filing · each found in the filing text
| Operating Cash Flow · FY2025 | $70M | |
| Free Cash Flow · FY2025 | $80M | |
| Adjusted EBITDA · FY2025 | $86M | |
| Leverage Ratio · FY2025 | $1.20 | |
| Share Repurchase Percentage · FY2025 | 11.0% | |
| Stock Price Return · FY2025 | 139.0% | |
| EMIP Payout Percentage · FY2025 | 144.0% | |
| TSR Performance RSU Payout (Tranche 1) · FY2025 | 200.0% | |
| FCF Performance RSU Payout (Tranche 1) · FY2025 | 200.0% | |
| Total Recordable Incident Rate (TRIR) · FY2025 | $0.98 |
Risks flagged
Oil & Gas Industry Cyclicality
“Risks and uncertainties that could cause our actual results to differ significantly from management’s expectations are described in our 2025 Annual Report on Form 10-K.” · word for word
20 Feb 20268-K · 2.02Revenue $202M; Net Income $2M; Adjusted EBITDA $23M; Guidance: Revenue $800-880M; adj EBITDA $90-110M; FCF $55-75M.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2025 | $202M | |
| Net Income · Q4-2025 | $2M | |
| Adjusted EBITDA · Q4-2025 | $23M | |
| Free Cash Flow · Q4-2025 | $22M | |
| Orders · FY2025 | $891M | |
| Backlog · Q4-2025 | $312M | +46% y/y |
Guidance
Revenue $800-880M; adj EBITDA $90-110M; FCF $55-75M.
FY2026 guidance: revenue up 6% at midpoint, adj EBITDA up 16%, FCF $55-75M.
Risks flagged
Global market activity expected relatively flat in 2026; reliance on market share gains for growth.
“In 2026, we believe global market activity will remain relatively flat.” · word for word
12 Jan 20268-K · 5.02Restricted stock award $150,000.00open
Figures in the filing · each found in the filing text
| restricted stock award · Q1-2026 | $150000.00 |
Risks flagged
No material risks identified from this board appointment.
31 Oct 20258-K · 2.02Orders $240M; Revenue $196M; Net loss $-21M; Guidance: Free cash flow guidance raised to $70-$80M from priorearningsopen
Figures in the filing · each found in the filing text
| Orders · Q3-2025 | $240M | |
| Revenue · Q3-2025 | $196M | |
| Net loss · Q3-2025 | $-21M | |
| Adjusted net income · Q3-2025 | $3M | |
| Adjusted EBITDA · Q3-2025 | $23M | |
| Operating cash flow · Q3-2025 | $23M | |
| Free cash flow · Q3-2025 | $28M |
Guidance
Free cash flow guidance raised to $70-$80M from prior
Raised full-year free cash flow guidance; strong backlog and orders; cost savings on track
Risks flagged
Asset impairments and restructuring costs of $22M in the quarter
“Adjusted for $22 million of asset impairments and restructuring costs” · word for word
31 Oct 202510-QForum Energy Technologies reported Q3 2025 revenue down 5.6% YoY and a segment operating loss of $10.2M, driven by lower rig count, tariff impacts, and $21.1M in restructuring charges.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2025 | $196M | -6% y/y |
| Segment Operating Income (Loss) · Q3-2025 | $-10M | |
| Segment Operating Margin · Q3-2025 | -5.2% | |
| Total Orders · Q3-2025 | $240M | +17% y/y |
| Global Active Rigs · Q3-2025 | 1,797 | -8% y/y |
| Net Loss · Q3-2025 | $-21M | |
| Operating Cash Flow · 9M-2025 | $48M | -11% y/y |
Guidance
Capex guided below $10M for full year 2025; rig count expected to remain below 2024 average
Management expects global rig count to remain below 2024 average, with capex below $10M, indicating cautious outlook.
Risks flagged
Restructuring execution risk
“inventory write-downs, asset impairments and other costs of $21.1 million related to the Company’s strategic decision to consolidate facilities and discontinue certain products” · word for word
Macroeconomic and trade policy uncertainty
“Given the current macroeconomic uncertainty, trade policy fluctuations, oil price volatility, and changing regulations we are monitoring market conditions and assessing potential impacts on our business.” · word for word
Forum Energy Technologies, Inc. — questions
- What did Forum Energy Technologies, Inc. file recently?
- 13 SEC filings in the last 12 months. Latest: 8-K on 2026-08-31 — Forum Energy filed legal opinion in connection with prospectus supplement; routine procedural filing.
Every figure on this page comes from Forum Energy Technologies, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.