Filing Flows › Forum Energy Technologies (FET) › Q1 2026
Forum Energy Technologies (FET) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Forum Energy Technologies (FET) reported revenue of $209M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +3% from the quarter before. Operating margin was 5.3%, net earnings $4.5M (2.2% of revenue).
Forum Energy Technologies, Q1 2026: revenue $209M (+8% year over year), operating margin 5.3%, net earnings $4.5M, operating cash flow $1.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | +3% | +8% |
| Gross profit | $61.0M | -0.1% | +5% |
| Operating profit | $11.0M | -14% | +25% |
| Net earnings | $4.5M | +117% | +300% |
| Operating cash flow | $1.6M | -93% | -83% |
| Free cash flow | $1.4M | -93% | -81% |
What changed
Revenue was $208.7M in Q1 2026, up 8% year over year and up 3% from the previous quarter.
Gross margin was 29.2%, down 1.0 points from Q1 2025. Operating profit was $11.0M, a 5.3% margin (up 0.7 points year over year). Of the extra revenue versus Q1 2025, 14% reached operating profit, above the 5% margin then. Operating expenses grew 1% against revenue growth of 8%. Net earnings were $4.5M, up 300% year over year. The effective tax rate was 39.2%.
Operating cash flow was $1.6M (down 83% year over year), 36% of net earnings. Non-cash charges added back $7.8M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $13.2M. Capital expenditures of $256K left free cash flow of $1.4M.
Questions
What was Forum Energy Technologies' revenue in the first quarter 2026?
Forum Energy Technologies (FET) reported revenue of $209M for the first quarter 2026 (Q1 2026), +8% from a year earlier and +3% from the quarter before.
Was Forum Energy Technologies profitable in the first quarter 2026?
Operating profit was $11.0M (5.3% of revenue) and net earnings $4.5M.