Short answer
FORUM ENERGY TECHNOLOGIES, INC. (FET) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $196M (down 5.6% year over year) with net income of −$21M.
Q3 2025 key financials · XBRL
- Revenue
- $196M
- −5.6% YoY · −1.8% QoQ
- Net income
- −$21M
- −38.7% YoY · −366.9% QoQ
- Operating margin
- -3.1%
- Gross margin
- 20.5%
- EPS (diluted)
- −$1.67
- −39.2% YoY · −373.8% QoQ
Source: XBRL data from the FORUM ENERGY TECHNOLOGIES, INC. (FET) Q3 2025 10-Q on SEC EDGAR. USD.
FORUM ENERGY TECHNOLOGIES, INC. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $196.2M, down 5.6% YoY from $207.8M amid lower drilling activity and tariffs
- Segment margin (5.2%) vs 4.5% YoY; net loss $20.6M vs $14.8M
- Best segment Artificial Lift and Downhole: revenue $79.0M, margin 14.9% vs 12.8%
- Worst segment Drilling and Completions: revenue $117.5M, margin (11.5%) vs 5.7%, including $21.1M restructuring-related costs
- Cash $31.7M, Credit Facility availability $85.7M; nine-month operating cash flow $48.0M vs $53.7M
- Outlook: global rig count expected below 2024 average; headwinds from oil-price volatility, tariffs, trade policy, and regulations
Risk Factors
- Share-repurchase authorization risk: $53.7 million remaining under December 2024 Program
- Liquidity allocation risk: $4.5 million spent on 162 thousand shares after September 30, 2025
- Market-execution risk: repurchases subject to market and business conditions
- Compliance risk: repurchases constrained by applicable legal requirements and Rule 10b-18ันธ์
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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