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Other financials

Income statement

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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

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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

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Operating cash flow$1.6M-82.6%
CapEx$256.0K-87.9%
Free cash flow$1.4M-81.0%

Valuation

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Market cap$881.93M+226%
Enterprise value$1.08B+130%
P/S1.1×+0.8×

Profitability

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Gross margin27.5%-3.5pp
Operating margin4%+2.3pp
Net margin-14.6%-50.9pp
FCF margin7.3%-3.8pp

Returns & leverage

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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:IncomeTaxExpenseBenefit.

The source filing: Forum Energy Technologies’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 3:28 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001401257-26-000034
(in thousands, except per share information)Three Months Ended March 31, 20262025
Foreign exchange gains and other, net(523)(1,068)
Total other expense3,6183,915
Income before taxes7,3874,889
Income tax expense2,8953,767
Net income$4,492$1,122
Weighted average shares outstanding
Basic11,21412,303
Diluted11,64112,568

Item 1. Financial Statements (Unaudited)

FAQ

What is Forum Energy Technologies's income tax?
Forum Energy Technologies (FET) reported income tax of $2.9M in Q1 2026.
How has Forum Energy Technologies's income tax changed year-over-year?
Forum Energy Technologies's income tax decreased by 23.1% year-over-year, from $3.77M to $2.9M.
What is the long-term trend for Forum Energy Technologies's income tax?
Over 2 years (2022 to 2025), Forum Energy Technologies's income tax has grown at a 98.9% compound annual growth rate (CAGR), from $6.64M to $26.25M.
What does income tax mean?
Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

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