What is Forum Energy Technologies's subsea — total revenue?

Forum Energy Technologies (FET) reported subsea — total revenue of $35.5M in Q1 2026.

How has Forum Energy Technologies's subsea — total revenue changed year-over-year?

Forum Energy Technologies's subsea — total revenue increased by 60.3% year-over-year, from $22.14M to $35.5M.

What does subsea — total revenue mean?

This metric represents the total gross income generated by the subsea business segment through the sale of products and services. It serves as a primary indicator of the segment's market demand and its contribution to the overall corporate top-line performance. Tracking this figure helps investors assess the scale and growth trajectory of subsea-related operations within the energy sector.

Forum Energy Technologies FET Subsea — Total Revenue

Other product segments

Downhole

$50.56M+6.1%

Stimulation and Intervention

$33.05M-11.7%

Drilling

$32.73M+1.9%

Coiled Tubing

$25.47M+6.6%

Production Equipment

$18.75M-1.6%

Valve Solutions

$12.79M+15.5%

Similar metrics at other companies

FTISubsea — Revenue

$2.21B+14.1%

OIISubsea Robotics Member — Revenue

$214.27M+4.0%

IMAXSub-total for reportable segments — Revenue

$79.71M-6.1%

FTISubsea — Cost of Sales

$1.69B+10.0%

BCOSubtotal — Revenue disaggregated by reportable segment and type of service

$912.08M+4.7%

EVLVSubscription revenue — Total Revenue

$218.1M+12.1%

Other financials

Income statement

See full

Revenue$208.7M+8.0%

Gross profit$61.0M+4.5%

Operating income$11.0M+25.0%

Net income$4.5M+300%

EPS (diluted)$0.39+333%

Balance sheet

See full

Cash & equivalents$37.5M+20.4%

Total debt$240.2M-0.8%

Total equity$280.7M-12.3%

Total assets$763.1M-3.4%

Cash flow

See full

Operating cash flow$1.6M-82.6%

CapEx$256.0K-87.9%

Free cash flow$1.4M-81.0%

Valuation

See full

Market cap$559.9M+131%

Enterprise value$762.61M+68.1%

P/S0.7×+0.4×

Profitability

See full

Gross margin27.5%-3.5pp

Operating margin4%+2.3pp

Net margin-14.6%-50.9pp

FCF margin7.3%-3.8pp

Returns & leverage

See full

Return on equity-31.1%-72.4pp

Debt / equity0.9×+0.1×

Current ratio2.2×-0.2×

Where this comes from

Reported directly by Forum Energy Technologies in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Forum Energy Technologies’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

Ask your AI about Forum Energy Technologies's subsea — total revenue.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Forum Energy Technologies's subsea — total revenue?: Forum Energy Technologies (FET) reported subsea — total revenue of $35.5M in Q1 2026.
How has Forum Energy Technologies's subsea — total revenue changed year-over-year?: Forum Energy Technologies's subsea — total revenue increased by 60.3% year-over-year, from $22.14M to $35.5M.
What does subsea — total revenue mean?: This metric represents the total gross income generated by the subsea business segment through the sale of products and services. It serves as a primary indicator of the segment's market demand and its contribution to the overall corporate top-line performance. Tracking this figure helps investors assess the scale and growth trajectory of subsea-related operations within the energy sector.