论坛能源技术股份有限公司 2025年季度报告

Form10-Q___________________________________ ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period EndedSeptember 30, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number001-35504 FORUM ENERGY TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) 61-1488595(I.R.S. Employer Identification No.) Delaware(State or other jurisdiction ofincorporation or organization) (Address of Principal Executive Offices) (281)949-2500 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90days.YesþNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that theregistrant was required to submit such files).YesþNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of large accelerated filer, accelerated filer, smaller reportingcompany, and emerging growth company in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☑Non-accelerated filer☐Smaller reporting company☑Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐Noþ As of October24, 2025, there were11,377,958common shares outstanding. Table of Contents PART I - FINANCIAL INFORMATION4Item 1. Financial Statements (Unaudited)4Condensed consolidated statements of comprehensiveloss4Condensed consolidated balance sheets5Condensed consolidated statements of cash flows6Condensed consolidated statements of changes in stockholders’ equity8Notes to condensed consolidated financial statements10Item 2. Management's discussion and analysis of financial condition and results of operations21Item 3. Quantitative and qualitative disclosures about market risk30Item 4. Controls and procedures30PART II - OTHER INFORMATION31Item 1. Legal proceedings31Item 1A. Risk factors31Item 2. Unregistered sales of equity securities and use of proceeds31Item 3. Defaults Upon Senior Securities31Item 4. Mine Safety Disclosures31Item 5. Other Information31Item 6. Exhibits32SIGNATURES33 PART I — FINANCIAL INFORMATION Forum Energy Technologies, Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements(Unaudited) 1.Organization and Basis of Presentation Forum Energy Technologies, Inc. (the “Company,” “FET®,” “we,” “our,” or “us”), a Delaware corporation, is a globalmanufacturing company serving the oil, natural gas, industrial and renewable energy industries. With headquarterslocated in Houston, Texas, FET provides value added solutions that increase the safety and efficiency of energyexploration and production. Basis of Presentation The Company's accompanying unaudited condensed consolidated financial statements include the accounts of theCompany and its subsidiaries. All intercompany transactions have been eliminated in consolidation. In management's opinion, all adjustments, consisting of normal recurring adjustments, necessary for the fair statement ofthe Company’s financial position, results of operations and cash flows have been included. Operating results for the threeand nine months endedSeptember 30, 2025 are not necessarily indicative of the results that may be expected for the yearending December 31, 2025 or any other interim period. These interim financial statements are unaudited and have been prepared pursuant to the rules and regulations of theSecurities and Exchange Commission (“SEC”) regarding interim financial reporting. Accordingly, they do not include all ofthe information and notes required by accounting principles generally accepted in the United States of America (“U.S.GAAP”) for complete consolidated financial statements and should be read in conjunction with the audited consolidatedfinancial statements for the year ended December 31, 2024, which are included in the Company’s 2024 Annual Report onForm 10-K filed with the SEC on March3, 2025. Common Stock On May 9, 2025,