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Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$226.1M+32.0%
Gross profit$86.8M+34.5%
Operating income$16.6M+409%
Net income$20.4M+218%
EPS (diluted)$0.26+225%

Balance sheet

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Cash & equivalents$126.4M-5.1%
Total debt$31.9M-14.9%
Total equity$1.1B+9.6%
Total assets$1.3B+8.6%

Cash flow

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Operating cash flow$45.0M+91.0%
CapEx$15.2M-18.3%
Free cash flow$29.8M+501%

Valuation

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Market cap$11.66B+244%
Enterprise value$11.56B+256%
P/E170.6×+108×
P/S13.9×+9.5×

Profitability

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Gross margin39.4%-1.0pp
Operating margin8.4%+2.3pp
Net margin8.1%+1.1pp
FCF margin4.4%-4.1pp

Returns & leverage

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Return on equity6.8%+1.0pp
Debt / equity0.0×
Current ratio4.5×+0.1×

Where this comes from

Calculated from FormFactor’s reported figures.

The official record: FormFactor’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FormFactor's net debt?
FormFactor (FORM) reported net debt of -$94.56M in Q1 2026.
How has FormFactor's net debt changed year-over-year?
FormFactor's net debt increased by 1.3% year-over-year, from -$95.82M to -$94.56M.
What is the long-term trend for FormFactor's net debt?
Over 5 years (2020 to 2025), FormFactor's net debt has grown at a -9.3% compound annual growth rate (CAGR), from -$121.9M to -$74.69M.
What does net debt mean?
Debt left over after using all the company's cash to pay it down.
How do you interpret net debt?
A negative value means net cash — more cash than debt, a position of strength. The numerator of net-debt/EBITDA, the most common leverage yardstick.
How does net debt compare across companies?
Most informative as net-debt/EBITDA; cash-rich balance sheets can show large total debt yet little or negative net debt.