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Forum Energy Technologies cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$30.3M in Q3 2026 · $62.1M over twelve months

Operating cash flow$32.0M
Capital spending−$1.7M
Free cash flow+$30.3M
Cash / net income2.9×
Cash conversion cycle133 days

Analysis

In Q3 2026, Forum Energy Technologies generated $32.0M of operating cash flow and spent $1.7M on capital projects, leaving free cash flow of $30.3M. That is $8.8M more than in Q3 2025 ($21.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $68.5M; the largest uses were buybacks ($22.5M), net borrowing (+) / repaid (−) ($12.7M), acquisitions ($11.8M); besides operations, cash came from asset & business sales ($1.0M); the cash balance rose by $3.5M.

Operating cash flow was $32.0M against net income of $11.2M — 2.9× profit, cash ran ahead of reported earnings. The largest differences: inventory −$11.2M, depreciation & amortization +$7.2M, stock-based pay +$2.6M.

Its cash conversion cycle was 133 days (receivables 68 + inventory 136 − payables 71).

Free cash flow

Forum Energy Technologies: free cash flow by quarterForum Energy Technologies: free cash flow by quarter$36.1MQ4 2024$7.2MQ1 2025$14.8MQ2 2025$21.5MQ3 2025$20.9MQ4 2025$1.4MQ1 2026$9.5MQ2 2026$30.3MQ3 2026
Operating cash flow less capital spending.
Forum Energy Technologies: operating cash flow against capital spendingForum Energy Technologies: operating cash flow against capital spendingOperating cash flowCapital spending$38.5M$2.4MQ4 2024$9.3M$2.1MQ1 2025$15.8M$951KQ2 2025$22.9M$1.4MQ3 2025$22.4M$1.6MQ4 2025$1.6M$256KQ1 2026$12.4M$2.9MQ2 2026$32.0M$1.7MQ3 2026
Latest (Q3 2026): Operating cash flow $32.0M, Capital spending $1.7M.

Capital allocation, year by year

Forum Energy Technologies: where the cash came from (up) and went (down), by fiscal yearForum Energy Technologies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$15.8MFY2021: Net borrowing −$14.6MFY2021: Asset sales $5.7MFY2021: Capital spending −$2.4MFY2021: Acquisitions −$3.4MFY2021: Buybacks −$1.4M$5.7MFY2021FY2022: Operating cash flow −$17.1MFY2022: Net borrowing −$1.2MFY2022: Asset sales $3.0MFY2022: Capital spending −$7.5MFY2022: Acquisitions −$485KFY2022: Buybacks −$3.8M$3.0MFY2022FY2023: Operating cash flow $8.2MFY2023: Net borrowing −$1.2MFY2023: Asset sales $1.4MFY2023: Capital spending −$7.9MFY2023: Buybacks −$6.0M$9.6MFY2023FY2024: Operating cash flow $92.2MFY2024: Net borrowing $88.7MFY2024: Asset sales $703KFY2024: Capital spending −$8.1MFY2024: Acquisitions −$150M$182MFY2024FY2025: Operating cash flow $70.4MFY2025: Net borrowing −$55.1MFY2025: Asset sales $1.0MFY2025: Capital spending −$6.0MFY2025: Buybacks −$34.6M$71.4MFY2025
Over these 5 years operating cash flow totalled $138M; the largest uses were acquisitions ($154M) and net borrowing ($72.2M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$35.2M
Debt$128M
Net debt$92.5M
Due within a year$1.6M

Forum Energy Technologies funds itself: free cash flow was $62.1M over the last twelve months, and $35.2M of cash and investments stands against $128M of debt ($1.6M due within a year, 21.4× covered by cash).

Forum Energy Technologies: debt maturities by year (FY2025)Forum Energy Technologies: debt maturities by year (FY2025)$1.6MYear 1$1.0MYear 2$37.9MYear 3$101MYear 4$487KYear 5$317KAfter year 5
Principal due in each year as disclosed in the annual report, against $35.2M of cash and investments now.

Where the cash came from and went

Forum Energy Technologies: sources (+) and uses (−) of cash, Q3 2026Forum Energy Technologies: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$32.0MNet borrowing (+) / repaid (−)−$15.0MOther investing−$11.8MCapital spending−$1.7MCash drawn (+) / kept (−)−$1.5MBuybacks−$1.4MOther financing−$536KExchange rates−$152KAsset & business sales$24K
Forum Energy Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Forum Energy Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$68.5MBuybacks−$22.5MNet borrowing (+) / repaid (−)−$12.7MAcquisitions−$11.8MTaxes on employees’ shares−$9.3MCapital spending−$6.5MCash drawn (+) / kept (−)−$3.5MOther financing−$3.2MAsset & business sales$1.0MExchange rates−$112K

From profit to cash

Forum Energy Technologies: net income to operating cash flow, Q3 2026Forum Energy Technologies: net income to operating cash flow, Q3 2026Net income$11.2MDepreciation & amortization$7.2MStock-based pay$2.6MReceivables−$1.3MInventory−$11.2MDeferred revenue−$776KPrepaid and other assets$1.5MOperating cash flow$32.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20266813671133
Q2 20266613869136
Q1 20266414564145
Q4 20256615968157
Q3 20257115065156
Q2 20257017069171
Q1 20257217672176
Q4 20247318375181

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$32.0M−$1.7M−$1.4M−$15.0M−$1.5M$30.3M
Q2 2026$12.4M−$2.9M−$3.0M−$10.0M$3.8M$9.5M
Q1 2026$1.6M−$256K−$4.6M$17.8M−$2.8M$1.4M
Q4 2025$22.4M−$1.6M−$13.5M−$5.5M−$3.0M$20.9M
Q3 2025$22.9M−$1.4M−$14.8M−$19.6M$7.3M$21.5M
Q2 2025$15.8M−$951K−$4.3M−$11.5M−$7.8M$14.8M
Q1 2025$9.3M−$2.1M−$2.0M−$16.5M$13.5M$7.2M
Q4 2024$38.5M−$2.4M—−$18.6M−$11.3M$36.1M

Forum Energy Technologies: income statement and cash flow

Forum Energy Technologies, Q3 2026: revenue $237M (+21% year over year), operating margin 8.4%. The chart follows the revenue to costs, profit and cash.

Forum Energy Technologies: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.