Forum Energy Technologies, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $791.5M | $816.4M | $738.9M | $699.9M | $541.1M | $512.5M | $956.5M | $1.06B |
| Cost of Revenue | $572.4M | $561.4M | $534.7M | $511.4M | $417.7M | $523.5M | $711.7M | $807.8M |
| Gross Profit | $219.0M | $255.0M | $204.2M | $188.5M | $123.3M | $-11.0M | $244.9M | $256.4M |
| Gross Margin | 27.7% | 31.2% | 27.6% | 26.9% | 22.8% | -2.2% | 25.6% | 24.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $199.9M | $219.3M | $180.4M | $179.5M | $168.9M | $197.7M | $251.7M | $287.0M |
| Operating Income | $30.1M | $-86.8M | $20.7M | $17.3M | $-44.5M | $-231.6M | $-536.1M | $-397.0M |
| Operating Margin | 3.8% | -10.6% | 2.8% | 2.5% | -8.2% | -45.2% | -56.1% | -37.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $16.6M | $-128.4M | $-7.8M | $10.3M | $-82.0M | $-109.8M | $-568.9M | $-389.8M |
| Income Tax Expense | $26.2M | $6.9M | $11.1M | $6.6M | $642.0K | $-12.9M | $-1.8M | $-15.7M |
| Net Income | $-9.7M | $-135.3M | $-18.9M | $3.7M | $-82.7M | $-96.9M | $-567.1M | $-374.1M |
| Net Margin | -1.2% | -16.6% | -2.6% | 0.5% | -15.3% | -18.9% | -59.3% | -35.2% |
| EPS (Basic) | $-0.81 | $-11.00 | $-1.85 | $0.65 | $-14.65 | $-17.37 | $-103.01 | $-3.44 |
| EPS (Diluted) | $-0.81 | $-11.00 | $-1.85 | $0.62 | $-14.65 | $-17.37 | $-103.01 | $-3.44 |
| Shares Outstanding (Basic) | 11.9M | 12.3M | 10.2M | 5.7M | 5.6M | 5.6M | 5.5M | 108.8M |
| Shares Outstanding (Diluted) | 11.9M | 12.3M | 10.2M | 6.0M | 5.6M | 5.6M | 5.5M | 108.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |