Filing Flows › Forum Energy Technologies (FET) › Q2 2025
Forum Energy Technologies (FET) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Forum Energy Technologies (FET) reported revenue of $200M for the second quarter 2025 (Q2 2025), -3% from a year earlier and +3% from the quarter before. Operating margin was 7.4%, net earnings $7.7M (3.9% of revenue).
Forum Energy Technologies, Q2 2025: revenue $200M (-3% year over year), operating margin 7.4%, net earnings $7.7M, operating cash flow $15.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $200M | +3% | -3% |
| Gross profit | $59.4M | +2% | -6% |
| Operating profit | $14.7M | +67% | +85% |
| Net earnings | $7.7M | +586% | — |
| Operating cash flow | $15.8M | +69% | -32% |
| Free cash flow | $14.8M | +105% | -31% |
What changed
Revenue was $199.8M in Q2 2025, down 3% year over year and up 3% from the previous quarter.
Gross margin was 29.7%, down 1.0 points from a year earlier. Operating profit was $14.7M, a 7.4% margin (up 3.5 points year over year). Operating expenses fell 19% while revenue fell 3%. Net earnings were $7.7M. The effective tax rate was 44.7%.
Operating cash flow was $15.8M (down 32% year over year), 205% of net earnings. Non-cash charges added back $9.1M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $2.8M. Capital expenditures of $1.0M left free cash flow of $14.8M.
Questions
What was Forum Energy Technologies' revenue in the second quarter 2025?
Forum Energy Technologies (FET) reported revenue of $200M for the second quarter 2025 (Q2 2025), -3% from a year earlier and +3% from the quarter before.
Was Forum Energy Technologies profitable in the second quarter 2025?
Operating profit was $14.7M (7.4% of revenue) and net earnings $7.7M.