Forum Energy Technologies (FET) reported Q4 2025 revenue of USD 202.2 million, net income of USD 2.1 million (USD 0.17 per diluted share) and adjusted net income of USD 5.0 million (about USD 0.41 per diluted share). Q4 2025 adjusted EBITDA was USD 23.14 million, while operating cash flow and free cash flow were both USD 22.44 million. For FY 2025, FET posted revenue of USD 791.47 million and a net loss of USD 9.66 million (loss per share: USD 0.81). FY 2025 adjusted EBITDA was USD 86.40 million, operating cash flow was USD 70.40 million and free cash flow was USD 79.97 million. Orders totaled USD 891 million, with a book-to-bill ratio of 113%, and year-end backlog was USD 312 million (up 46% year over year), which the company said is its highest in 11 years. FET repurchased 1.4 million shares in 2025, returning USD 35 million to shareholders, and said it reduced net debt by 28%. In segment performance for Q4 2025, Drilling and Completions revenue was USD 126.92 million and Artificial Lift and Downhole revenue was USD 75.46 million; segment book-to-bill ratios were 0.84 and 1.07, respectively. CEO Neal Lux said demand was supported by international drilling-related capital equipment, subsea ROVs and coiled line pipe, and noted that nearly 12% of backlog is tied to products developed in the last few years. For FY 2026, FET guided for revenue of USD 800 million to USD 880 million (up 6% at the midpoint), adjusted net income of USD 18 million to USD 38 million, adjusted EBITDA of USD 90 million to USD 110 million (a 16% increase), and free cash flow of USD 55 million to USD 75 million (65% free cash flow conversion).

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forum Energy Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202602191746BIZWIRE_USPR_____20260219_BW159745) on February 19, 2026, and is solely responsible for the information contained therein.