Filing Flows › Forum Energy Technologies (FET) › Q1 2025
Forum Energy Technologies (FET) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Forum Energy Technologies (FET) reported revenue of $193M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -4% from the quarter before. Operating margin was 4.6%, net earnings $1.1M (0.6% of revenue).
Forum Energy Technologies, Q1 2025: revenue $193M (-4% year over year), operating margin 4.6%, net earnings $1.1M, operating cash flow $9.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $193M | -4% | -5% |
| Gross profit | $58.4M | -7% | -8% |
| Operating profit | $8.8M | — | +175% |
| Net earnings | $1.1M | — | — |
| Operating cash flow | $9.3M | -76% | +86% |
| Free cash flow | $7.2M | -80% | +242% |
What changed
Revenue was $193.3M in Q1 2025, down 5% year over year and down 4% from the previous quarter.
Gross margin was 30.2%, down 1.3 points from a year earlier. Operating profit was $8.8M, a 4.6% margin (up 3.0 points year over year). Operating expenses fell 18% while revenue fell 5%. Net earnings were $1.1M. The effective tax rate was 77.1%.
Operating cash flow was $9.3M (up 86% year over year), 831% of net earnings. Non-cash charges added back $9.0M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $2.6M. Capital expenditures of $2.1M left free cash flow of $7.2M.
Questions
What was Forum Energy Technologies' revenue in the first quarter 2025?
Forum Energy Technologies (FET) reported revenue of $193M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -4% from the quarter before.
Was Forum Energy Technologies profitable in the first quarter 2025?
Operating profit was $8.8M (4.6% of revenue) and net earnings $1.1M.