Forum Energy Technologies, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 30, 2026, reporting a return to profitability in the third quarter alongside a significant year-over-year revenue increase.

Key Highlights

  • Q3 2026 revenue of $236,813 thousand, up from $196,231 thousand in Q3 2025, according to the filing.
  • Net income of $11,230 thousand for Q3 2026, compared to a net loss of $20,554 thousand in Q3 2025, the company disclosed.
  • Diluted earnings per share of $0.93 for Q3 2026, versus a diluted loss per share of $1.76 in the prior-year quarter.
  • Nine-month revenue of $671,730 thousand for the period ended September 30, 2026, compared to $589,274 thousand for the same period in 2025.
  • Total assets of $808,020 thousand as of September 30, 2026, up from $752,455 thousand at December 31, 2025.
  • 11,472,699 common shares outstanding as of October 23, 2026, per the filing.
  • Goodwill increased to $77,226 thousand at September 30, 2026, from $64,667 thousand at December 31, 2025, reflecting a business acquisition during the period.

Forum Energy Technologies Reports Q3 2026 Financial Results

Forum Energy Technologies, Inc. (NYSE:FET), a Delaware-incorporated oilfield products and services company headquartered in Houston, Texas, reported third-quarter 2026 revenue of $236,813 thousand, an increase from $196,231 thousand in the third quarter of 2025, according to its Form 10-Q covering the period ended September 30, 2026. Gross profit for the quarter reached $74,413 thousand, compared with $40,237 thousand in the year-ago period. Operating income was $19,961 thousand for Q3 2026, versus an operating loss of $6,106 thousand in Q3 2025.

The company disclosed net income of $11,230 thousand for the three months ended September 30, 2026, reversing a net loss of $20,554 thousand in the comparable prior-year quarter. For the nine months ended September 30, 2026, net income was $28,129 thousand, compared to a net loss of $11,732 thousand for the same period in 2025. Interest expense declined to $4,044 thousand in Q3 2026 from $4,365 thousand in Q3 2025, and to $12,457 thousand for the nine-month period from $14,054 thousand a year earlier, according to the filing.

On the balance sheet, total assets stood at $808,020 thousand as of September 30, 2026, up from $752,455 thousand at December 31, 2025. The filing noted a business acquisition during the nine-month period, with payments related to the acquisition net of cash acquired totaling $11,833 thousand, a stock issuance related to the acquisition of $16,200 thousand, and a liability related to the acquisition of $6,365 thousand. Cash and cash equivalents at September 30, 2026 were $35,169 thousand. The company repurchased $8,962 thousand of stock during the nine-month period and held 2,272,079 treasury shares at cost of $185,631 thousand as of September 30, 2026. Total equity was $318,187 thousand at the end of the quarter.

What Was Disclosed

Forum Energy Technologies filed a quarterly report covering the period ended September 30, 2026, disclosing revenue, earnings, balance sheet data, and cash flow results for both the three and nine months ended September 30, 2026, along with details of a business acquisition completed during the period.