Filing Flows › Forum Energy Technologies (FET) › Q3 2025
Forum Energy Technologies (FET) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Forum Energy Technologies (FET) reported revenue of $196M for the third quarter 2025 (Q3 2025), -6% from a year earlier and -2% from the quarter before. Operating margin was -3.1%, net loss $20.6M (10.5% of revenue).
Forum Energy Technologies, Q3 2025: revenue $196M (-6% year over year), operating margin -3.1%, net loss $20.6M, operating cash flow $22.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $196M | -2% | -6% |
| Operating profit | −$6.1M | -142% | — |
| Net earnings | −$20.6M | -367% | — |
| Operating cash flow | $22.9M | +45% | -11% |
| Free cash flow | $21.5M | +45% | -12% |
What changed
Revenue was $196.2M in Q3 2025, down 6% year over year and down 2% from the previous quarter.
Gross margin was 20.5%, down 11.1 points from a year earlier. Operating costs exceeded revenue by $6.1M, an operating margin of -3.1%. Operating expenses fell 18% while revenue fell 6%. The quarter ended with a net loss of $20.6M, after a profit of $7.7M the previous quarter.
Operating cash flow was $22.9M (down 11% year over year). Non-cash charges added back $7.9M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $32.8M. Capital expenditures of $1.4M left free cash flow of $21.5M.
Questions
What was Forum Energy Technologies' revenue in the third quarter 2025?
Forum Energy Technologies (FET) reported revenue of $196M for the third quarter 2025 (Q3 2025), -6% from a year earlier and -2% from the quarter before.
Was Forum Energy Technologies profitable in the third quarter 2025?
Operating loss was $6.1M (-3.1% of revenue) and net loss $20.6M.