FormFactor (FORM)

Nasdaq Information Technology Semiconductor Materials & Equipment S&P MidCap 400S&P SmallCap 600

$81.12

+9.36 (+13.04%)

Close of Nov 06, 2026 · end-of-day data

Source: FormFactor's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$383.88M	$548.44M	$529.67M	$589.46M	$693.62M	$769.67M	$747.94M	$663.10M	$763.60M	$784.99M
Cost of revenue	$281.20M	$332.84M	$319.34M	$351.97M	$405.70M	$446.91M	$451.93M	$404.52M	$455.68M	$476.14M
Gross profit	$102.68M	$215.60M	$210.34M	$237.50M	$287.92M	$322.77M	$296.01M	$258.58M	$307.92M	$308.85M
Research & development	$57.45M	$73.81M	$74.98M	$81.50M	$89.03M	$100.94M	$109.22M	$115.77M	$121.94M	$115.68M
Selling, general & admin	$73.44M	$95.49M	$99.25M	$106.33M	$115.10M	$123.79M	$131.88M	$133.01M	$141.79M	$133.07M
Operating income	-$47.91M	$46.30M	$36.11M	$49.66M	$83.79M	$98.04M	$54.91M	$82.76M	$64.78M	$57.07M
Interest expense	$2.39M	$4.49M	$3.31M	$1.92M	$864.00K	$602.00K	$579.00K	$421.00K	$418.00K	$521.00K
Pre-tax income	-$50.20M	$42.21M	$33.93M	$51.06M	$85.17M	$98.50M	$57.87M	$89.27M	$79.41M	$69.39M
Income tax	-$43.64M	$1.29M	-$70.11M	$11.72M	$6.65M	$14.58M	$7.13M	$6.88M	$9.80M	$13.00M
Net income	-$6.56M	$40.91M	$104.04M	$39.35M	$78.52M	$83.92M	$50.74M	$82.39M	$69.61M	$54.36M
EBITDA	-$1.11M	$59.93M	$50.42M	$66.85M	$104.48M	$123.81M	$83.56M	$120.21M	$97.68M	$94.66M
EPS (basic)	$-0.10	$0.57	$1.42	$0.52	$1.02	$1.08	$0.65	$1.06	$0.90	$0.70
EPS (diluted)	$-0.10	$0.55	$1.38	$0.51	$0.99	$1.06	$0.65	$1.05	$0.89	$0.69
Diluted shares	64.94M	74.24M	75.18M	77.29M	79.00M	79.13M	78.20M	78.16M	78.44M	78.31M
Gross margin	26.7%	39.3%	39.7%	40.3%	41.5%	41.9%	39.6%	39.0%	40.3%	39.3%
Operating margin	-12.5%	8.4%	6.8%	8.4%	12.1%	12.7%	7.3%	12.5%	8.5%	7.3%
Net margin	-1.7%	7.5%	19.6%	6.7%	11.3%	10.9%	6.8%	12.4%	9.1%	6.9%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$101.41M	$91.18M	$98.47M	$144.54M	$187.22M	$151.01M	$109.13M	$177.81M	$190.73M	$103.33M
Short-term investments	—	$48.99M	$50.53M	$76.33M	$67.81M	$125.06M	$129.01M	$150.51M	$169.29M	$171.84M
Receivables	$70.22M	$81.52M	$95.33M	$97.87M	$107.60M	$115.54M	$88.14M	$102.96M	$104.29M	$125.42M
Inventory	$59.81M	$67.85M	$77.71M	$83.26M	$99.23M	$111.55M	$123.16M	$111.69M	$101.68M	$110.88M
Total current assets	$254.71M	$305.85M	$337.82M	$419.04M	$487.07M	$524.04M	$474.55M	$573.78M	$605.13M	$557.05M
Goodwill	$188.01M	$189.92M	$189.21M	$199.20M	$212.76M	$212.30M	$211.44M	$201.09M	$199.17M	$216.03M
Total assets	$618.98M	$646.57M	$728.22M	$839.88M	$963.22M	$1.02B	$1.01B	$1.11B	$1.15B	$1.22B
Total current liabilities	$82.71M	$92.16M	$102.52M	$136.56M	$154.57M	$148.75M	$149.67M	$131.09M	$131.34M	$123.86M
Short-term debt	$12.70M	$18.44M	$29.84M	$42.85M	$9.52M	$8.93M	$1.04M	$1.07M	$1.11M	$1.14M
Long-term debt	$125.47M	$87.23M	$34.97M	$15.64M	$24.98M	$15.43M	$14.39M	$13.31M	$12.21M	$11.07M
Total debt	$138.18M	$105.67M	$64.81M	$58.48M	$34.49M	$24.36M	$15.43M	$14.39M	$13.31M	$12.21M
Total liabilities	$217.93M	$187.94M	$148.06M	$198.88M	$219.13M	$204.74M	$199.94M	$197.99M	$198.45M	$188.96M
Shareholders' equity	$401.06M	$458.64M	$580.16M	$641.00M	$744.08M	$815.78M	$808.28M	$908.80M	$947.77M	$1.04B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$17.42M	$86.32M	$68.70M	$121.05M	$169.26M	$139.36M	$131.79M	$64.60M	$117.53M	$115.40M
Capital expenditures	$11.52M	$17.76M	$19.87M	$20.85M	$55.87M	$66.50M	$65.25M	$56.03M	$38.44M	$103.66M
Free cash flow	$5.90M	$68.57M	$48.83M	$100.20M	$113.39M	$72.87M	$66.53M	$8.57M	$79.10M	$11.74M
Investing cash flow	-$205.54M	-$59.42M	-$21.30M	-$66.35M	-$98.92M	-$124.74M	-$75.70M	$29.05M	-$33.48M	-$191.47M
Financing cash flow	$143.61M	-$39.47M	-$39.33M	-$6.58M	-$30.93M	-$47.20M	-$95.93M	-$22.71M	-$64.61M	-$13.63M
Share buybacks	$0	$18.97M	$0	$0	$0	$24.04M	$82.33M	$19.80M	$53.30M	$26.24M
Stock-based compensation	$11.69M	$16.34M	$17.83M	$23.18M	$23.83M	$29.38M	$31.34M	$38.62M	$39.76M	$38.58M
Depreciation & amortization	$46.80M	$13.63M	$14.31M	$17.18M	$20.69M	$25.77M	$28.65M	$37.45M	$32.90M	$37.59M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$168.16M	$168.72M	$197.47M	$207.92M	$189.48M	$171.36M	$195.80M	$202.68M	$215.16M	$226.14M	$258.24M	$280.55M
Cost of revenue	$100.23M	$105.99M	$110.57M	$123.21M	$115.90M	$106.83M	$122.86M	$122.05M	$124.40M	$139.35M	$127.32M	$127.15M
Gross profit	$67.93M	$62.74M	$86.90M	$84.70M	$73.58M	$64.52M	$72.94M	$80.63M	$90.76M	$86.79M	$130.92M	$153.40M
Research & development	$28.17M	$28.63M	$31.56M	$31.24M	$30.50M	$27.80M	$28.79M	$28.69M	$30.40M	$30.78M	$31.10M	$29.50M
Selling, general & admin	$31.45M	$33.08M	$37.87M	$35.61M	$35.23M	$33.45M	$31.48M	$32.97M	$35.17M	$32.29M	$37.16M	$35.92M
Operating income	$81.27M	$21.30M	$17.77M	$17.86M	$7.85M	$3.27M	$12.31M	$18.00M	$23.49M	$16.65M	$57.80M	$81.60M
Interest expense	—	$102.00K	—	—	—	$99.00K	—	—	—	—	—	—
Pre-tax income	$82.10M	$24.98M	$21.55M	$20.95M	$11.94M	$7.48M	$14.94M	$20.43M	$26.55M	$19.26M	$60.69M	$84.79M
Income tax	$6.25M	$3.20M	$2.15M	$2.21M	$2.23M	$1.07M	$2.37M	$5.94M	$3.62M	$396.00K	$6.73M	$13.11M
Net income	$75.85M	$21.78M	$19.39M	$18.74M	$9.71M	$6.40M	$9.09M	$15.66M	$23.22M	$20.38M	$56.21M	$73.82M
EBITDA	$95.84M	$28.50M	$25.14M	$27.41M	$16.64M	$12.10M	$21.87M	$27.78M	$32.92M	$25.82M	$66.77M	$90.09M
EPS (basic)	$0.98	$0.28	$0.25	$0.24	$0.13	$0.08	$0.12	$0.20	$0.30	$0.26	$0.72	$0.94
EPS (diluted)	$0.97	$0.28	$0.25	$0.24	$0.13	$0.08	$0.12	$0.20	$0.29	$0.26	$0.71	$0.93
Diluted shares	299.00K	78.49M	78.72M	78.44M	-58.00K	77.88M	77.53M	77.73M	629.00K	79.42M	79.61M	79.45M
Gross margin	40.4%	37.2%	44.0%	40.7%	38.8%	37.7%	37.3%	39.8%	42.2%	38.4%	50.7%	54.7%
Operating margin	48.3%	12.6%	9.0%	8.6%	4.1%	1.9%	6.3%	8.9%	10.9%	7.4%	22.4%	29.1%
Net margin	45.1%	12.9%	9.8%	9.0%	5.1%	3.7%	4.6%	7.7%	10.8%	9.0%	21.8%	26.3%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$177.81M	$186.30M	$195.91M	$184.51M	$190.73M	$129.89M	$67.38M	$97.68M	$103.33M	$123.54M	$109.76M	$138.18M
Short-term investments	$150.51M	$162.86M	$161.71M	$169.96M	$169.29M	$169.10M	$181.95M	$168.35M	$171.84M	$179.74M	$235.88M	$257.23M
Receivables	$102.96M	$96.41M	$113.28M	$116.87M	$104.29M	$98.61M	$115.20M	$133.32M	$125.42M	$132.16M	$155.78M	$152.66M
Inventory	$111.69M	$108.77M	$114.81M	$105.37M	$101.68M	$109.97M	$110.79M	$108.83M	$110.88M	$112.88M	$121.41M	$129.63M
Total current assets	$573.78M	$588.50M	$620.62M	$614.78M	$605.13M	$551.24M	$525.26M	$559.26M	$557.05M	$600.81M	$669.51M	$724.29M
Goodwill	$201.09M	$199.65M	$199.55M	$200.14M	$199.17M	$199.70M	$200.86M	$200.84M	$216.03M	$215.41M	$212.56M	$212.56M
Total assets	$1.11B	$1.12B	$1.16B	$1.15B	$1.15B	$1.16B	$1.18B	$1.20B	$1.22B	$1.26B	$1.34B	$1.43B
Total current liabilities	$131.09M	$130.56M	$139.04M	$129.18M	$131.34M	$124.02M	$123.97M	$130.12M	$123.86M	$132.11M	$164.16M	$197.00M
Short-term debt	$1.07M	$1.08M	$1.09M	$1.10M	$1.11M	$1.11M	$1.12M	$1.13M	$1.14M	$1.15M	$1.15M	$1.16M
Long-term debt	$13.31M	$13.04M	$12.77M	$12.49M	$12.21M	$11.93M	$11.64M	$11.36M	$11.07M	$10.78M	$10.49M	$10.20M
Total debt	$14.39M	$14.12M	$13.86M	$13.59M	$13.31M	$13.04M	$12.77M	$12.49M	$12.21M	$11.93M	$11.64M	$11.36M
Total liabilities	$197.99M	$196.05M	$208.35M	$198.77M	$198.45M	$190.29M	$191.59M	$193.38M	$188.96M	$197.05M	$231.12M	$250.42M
Shareholders' equity	$908.80M	$923.75M	$947.92M	$955.01M	$947.77M	$965.87M	$990.02M	$1.01B	$1.04B	$1.06B	$1.11B	$1.18B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$9.25M	$33.01M	$21.88M	$26.73M	$35.91M	$23.54M	$18.89M	$26.99M	$45.98M	$44.96M	$61.80M	$104.27M
Capital expenditures	$9.93M	$13.44M	$8.40M	$8.94M	$7.66M	$18.58M	$66.26M	$7.50M	$11.31M	$15.19M	$9.60M	$39.65M
Free cash flow	-$683.00K	$19.58M	$13.48M	$17.79M	$28.25M	$4.96M	-$47.36M	$19.49M	$34.66M	$29.77M	$52.20M	$64.62M
Investing cash flow	$79.04M	-$3.82M	-$6.14M	-$16.19M	-$7.33M	-$84.66M	-$78.55M	$6.72M	-$34.97M	-$23.41M	-$65.30M	-$62.04M
Financing cash flow	-$21.40M	-$14.49M	-$4.93M	-$26.83M	-$18.36M	-$2.96M	-$4.21M	-$2.38M	-$4.07M	-$1.20M	-$9.53M	-$14.65M
Share buybacks	$19.80M	$17.33M	$2.94M	$16.94M	$16.09M	$22.14M	$2.45M	$1.66M	$0	$0	$0	$0
Stock-based compensation	$9.28M	$10.40M	$10.21M	$8.94M	$10.21M	$9.80M	$9.39M	$9.52M	$9.87M	$8.06M	$8.66M	$8.84M
Depreciation & amortization	$14.57M	$7.19M	$7.37M	$9.55M	$8.79M	$8.83M	$9.56M	$9.77M	$9.43M	$9.17M	$8.97M	$8.50M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.