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Forum Energy Technologies FET Total Cost of Revenue

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Segments

By segment

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Drilling and Completions$95.09M+15.0%
Artificial Lift and Downhole$46.21M-17.3%

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+208%
Enterprise value$1.04B+120%
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:CostOfGoodsAndServicesSold.

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
Revenue$208,700$193,279
Cost of sales147,709134,918
Gross profit60,99158,361
Operating expenses
Selling, general and administrative expenses50,00849,383
Transaction expenses14851
Loss (gain) on disposal of assets and other(170)123
Total operating expenses49,98649,557

Item 1. Financial Statements (Unaudited)

FAQ

What is Forum Energy Technologies's total cost of revenue?
Forum Energy Technologies (FET) reported total cost of revenue of $147.71M in Q1 2026.
How has Forum Energy Technologies's total cost of revenue changed year-over-year?
Forum Energy Technologies's total cost of revenue increased by 9.5% year-over-year, from $134.92M to $147.71M.
What is the long-term trend for Forum Energy Technologies's total cost of revenue?
Over 4 years (2021 to 2025), Forum Energy Technologies's total cost of revenue has grown at a 8.2% compound annual growth rate (CAGR), from $417.73M to $572.44M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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