Forum Energy Technologies FET Billings in excess of costs and profits recognized
Billings in excess of costs and profits recognized at other companies
Other financials
Where this comes from
Reported directly by Forum Energy Technologies in its filing.
Tagged under the XBRL concept fet:ContractWithCustomerLiabilityBillingsInExcessOfCost.
The official record: Forum Energy Technologies’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Forum Energy Technologies's billings in excess of costs and profits recognized?
- Forum Energy Technologies (FET) reported billings in excess of costs and profits recognized of $11.49M in Q1 2026.
- How has Forum Energy Technologies's billings in excess of costs and profits recognized changed year-over-year?
- Forum Energy Technologies's billings in excess of costs and profits recognized increased by 98.5% year-over-year, from $5.79M to $11.49M.
- What is the long-term trend for Forum Energy Technologies's billings in excess of costs and profits recognized?
- Over 5 years (2020 to 2025), Forum Energy Technologies's billings in excess of costs and profits recognized has grown at a 56.2% compound annual growth rate (CAGR), from $1.82M to $16.88M.
- What does billings in excess of costs and profits recognized mean?
- This represents the amount billed to customers for work performed or goods delivered that exceeds the costs and profits recognized to date under the percentage-of-completion or similar accounting methods. It indicates that the company has received cash or has a receivable for work that has not yet been fully earned according to revenue recognition standards. This serves as a measure of advance billing relative to project progress.