FORUM ENERGY TECHNOLOGIES, INC.

For the period ended Jun 30, 2026. Filed Jul 31, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Jul 31, 2026

FET$72.08+1.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed consolidated balance sheets

(in thousands, except share information)	June 30, 2026	December 31, 2025
Assets
Current assets
Cash and cash equivalents	$33,716	$34,661
Accounts receivable—trade, net of allowances of $10,978 and $8,953	173,963	142,396
Inventories, net	233,473	239,420
Prepaid expenses and other current assets	26,094	23,017
Costs and estimated profits in excess of billings	16,206	9,369
Accrued revenue	70	21
Total current assets	483,522	448,884
Property and equipment, net of accumulated depreciation	47,962	51,905
Operating lease assets	80,798	80,733
Deferred financing costs, net	2,926	1,580
Goodwill	62,547	64,667
Intangible assets, net	82,058	93,637
Deferred income taxes, net	7,878	7,887
Other long-term assets	3,019	3,162
Total assets	$770,710	$752,455
Liabilities and equity
Current liabilities
Current portion of long-term debt	$1,273	$1,407
Accounts payable—trade	118,802	94,561
Accrued liabilities	67,492	76,244
Deferred revenue	15,325	17,438
Billings in excess of costs and profits recognized	17,669	16,884
Total current liabilities	220,561	206,534
Long-term debt, net of current portion	142,435	134,521
Deferred income taxes, net	18,222	20,425
Operating lease liabilities	83,803	83,957
Other long-term liabilities	15,907	15,875
Total liabilities	480,928	461,312
Commitments and contingencies
Equity
Common stock, $0.01 par value, 29,600,000 shares authorized, 13,507,226 and 13,192,818 shares issued	135	132
Additional paid-in capital	1,423,448	1,427,589
Treasury stock at cost, 2,244,808 and 2,095,969 shares	(184,236)	(176,669)
Retained deficit	(827,558)	(844,457)
Accumulated other comprehensive loss	(122,007)	(115,452)
Total equity	289,782	291,143
Total liabilities and equity	$770,710	$752,455

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.