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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$834.81M+226%
Enterprise value$1.04B+130%
P/S+0.7×

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:InterestPaidNet.

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)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Cash, cash equivalents and restricted cash at beginning of period34,66144,661
Cash, cash equivalents and restricted cash at end of period$37,488$31,143
Supplemental cash flow disclosures
Cash paid for interest$1,094$1,942
Cash paid for income taxes7,8191,585
Noncash activities
Operating lease assets obtained in exchange for lease obligations$5,397$629
Finance lease assets obtained in exchange for lease obligations185262

Item 1. Financial Statements (Unaudited)

FAQ

What is Forum Energy Technologies's interest expense?
Forum Energy Technologies (FET) reported interest expense of $1.09M in Q1 2026.
How has Forum Energy Technologies's interest expense changed year-over-year?
Forum Energy Technologies's interest expense decreased by 43.7% year-over-year, from $1.94M to $1.09M.
What is the long-term trend for Forum Energy Technologies's interest expense?
Over 4 years (2021 to 2025), Forum Energy Technologies's interest expense has grown at a -11.1% compound annual growth rate (CAGR), from $27.07M to $16.94M.
What does interest expense mean?
Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

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