About Forum Energy Technologies
Forum Energy Technologies is a company based in Houston (United States) founded in 2005. Forum Energy Technologies has raised $28.51 million across 3 funding rounds. The company has 937 employees. Forum Energy Technologies has completed 10 acquisitions, including Cooper® Valves, ESP Completion Technologies and Equipment And Technical Services.
- Annual Revenue$791.47 M (USD)-3.06as on Dec 31, 2025
- Net Profit-$9.66 M (USD)92.86as on Dec 31, 2025
- EBITDA$52.89 M (USD)-40.86as on Dec 31, 2025
- Total Equity Funding$28.51 M (USD)
in 3 rounds
- Latest Funding Round$5 M (USD), Post-IPO
Jan 25, 2019
- Employee Count937
- Investments & AcquisitionsCooper® Valves
& 9 more
Funding Insights of Forum Energy Technologies
Forum Energy Technologies has successfully raised a total of $28.51M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $5 million completed in January 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $28.5M
- Total Rounds 3
- Last Round Post-IPO — $5.0M
- First Round $28.5M
(01 Jun 2007)
All 3 funding rounds of Forum Energy Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 25 Jan 2019 | $5.0M | Post-IPO | – | – | – |
| 01 Apr 2012 | – | Post-IPO | – | – | – |
| 01 Jun 2007 | $28.5M | Series B | – | – | – |
People of Forum Energy Technologies
164 people are tracked at Forum Energy Technologies (33 in leadership, 6 in board & advisors, 125 in team); the tracked headcount is 937.
| Name | Role | Group |
|---|---|---|
Prady Iyyanki | CEO | Leadership |
Alex Sheehan | Vice President - Product Innovation & Business Development | Leadership |
Tom Collins | VP Process Technologes | Leadership |
Jim Vogt | Global Director Bus Dev & Sales | Leadership |
Karen Griebe | Director Compensation & Benefits | Leadership |
Michael Mace | Product Line Director | Leadership |
Ken Brown | Director Of Operations | Leadership |
Jeff Morrison | Director Of Engineering, New Product Development And Quality | Leadership |
Mandy Aitchison | HR Director Eastern Hemisphere | Leadership |
Graeme Stewart | VP Operations | Leadership |
Brandon Dobbs | Product Line Director - Drilling Consumables | Leadership |
Mark Traylor | Vice President, Investor Relations And Planning, CPA | Leadership |
Anthony Glimm | Vice President - Production Equipment, Process Technologies And Valve Solutions At FET | Leadership |
Shona Anderson | HR Business Partner | Leadership |
Andy McAra | Product Director - Visualsoft / VMAX | Leadership |
Andres Sanchez | Product Line Director | Leadership |
Denise Torgesen | Tax Director | Leadership |
Michael D. Danford | SVP & Chief Human Resources Officer | Leadership |
D. Lyle Williams Jr. | EVP & CFO | Leadership |
Jason Williams | Vice President - Multilift Solutions At Forum Energy Technologies | Leadership |
144 more people are available in the full profile.
Complete people profiles for Forum Energy Technologies
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IPO & Listings of Forum Energy Technologies
Forum Energy Technologies is a publicly listed company on the NYSE with ticker symbol FET in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date12 Apr 2012
- Listed onNYSE: FET
- Listed entityForum Energy Technologies, Inc.
- Exchange sectorIndustrial services
- ISINUS34984V2097
- Share price$84.37 (+2.52% on the day) · 2026-10-08
- Market capitalisation$968.0M
- EPS (diluted, trailing year)$-0.15
- Volume (last session)130,423
Financials of Forum Energy Technologies
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $791.5M | -$9.7M | $52.9M |
| 2024 | $816.4M | -$135.3M | $89.4M |
| 2023 | $738.9M | -$18.9M | $58.5M |
| 2022 | $699.9M | $3.7M | $46.0M |
| 2021 | $541.1M | -$82.7M | -$3.4M |
Detailed financial statements for Forum Energy Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Forum Energy Technologies
Forum Energy Technologies has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Cooper® Valves, ESP Completion Technologies and Equipment And Technical Services.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provides sand control products and services | variperm.com | Calgary, Canada | 1969 | Nov 2023 | •••• | |
Cooling systems are manufactured for industrial applications. | globalheattransfer.com | Humble, United States | 1978 | Oct 2018 | •••• | |
Provider of drilling, production, oilfield, artificial lift equipment, and valve solutions | espctllc.com | Missouri, United States | 2001 | Jul 2018 | •••• | |
Sand protection tools for electrical submersible pumps are manufactured. | multiliftusa.com | Houston, United States | 2013 | Jul 2017 | •••• | |
Alloy valves are manufactured for industrial applications by Cooper. | coopervalves.com | Pasadena, United States | 1930 | Jan 2017 | •••• | |
Provider of innovative solutions for well stimulation needs | jmactool.com | Fort Worth, United States | 1986 | Feb 2015 | •••• | |
Manufacturer of high performance wireline cables for oil and gas industry | qualitywireline.com | Calgary, Canada | 2009 | May 2014 | •••• | |
Manufacturer of interior building materials and design solutions | global-tubing.com | Dayton, United States | 2007 | Jul 2013 | •••• | |
Ship management services are provided to maritime clients worldwide. | ets-houston.com | Houston, United States | 0 | Jan 2009 | •••• | |
- | visualsoft.ltd.uk | – | 0 | Oct 2008 | •••• |
Complete acquisition details for Forum Energy Technologies
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Timeline of Forum Energy Technologies
14 dated milestones of Forum Energy Technologies across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Forum Energy Technologies is founded.
- Funding First funding round of $28.5M.
- Acquisition Acquires Visualsoft.
- Acquisition Acquires Equipment And Technical Services.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Global Tubing.
- Acquisition Acquires Quality Wireline & Cable.
- Acquisition Acquires J-Mac Tool.
- Acquisition Acquires Cooper® Valves.
- Acquisition Acquires MULTILIFT.
- Acquisition Acquires ESP Completion Technologies.
- Acquisition Acquires Global Heat Transfer.
- Funding Latest funding round, Post-IPO, of $5.0M.
- Acquisition Acquires Variperm.
Latest news on Forum Energy Technologies
Complete news archive for Forum Energy Technologies
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Forum Energy Technologies
10 companies that operate in the same segment as Forum Energy Technologies (Oil & Gas Equipment & Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Potato farming, grain marketing, and equipment services in Maine. | 2000 | Gurugram, Haryana, India | – | – | – | |
Gas equipment manufacturing, repair, and engineering services are provided. | 1859 | Canton, Ohio, United States | – | USD 4.16 B | 11,930 | |
Manufacturer of polycrystalline diamond compact drill bits | 1978 | Houston, Texas, United States | – | USD 4.83 B | 9,200 | |
USA Compression is engaged in providing gas compression services. | 1998 | Austin, Texas, United States | – | USD 998.1 M | 854 | |
Science, technology, and engineering solutions are delivered worldwide by KBR. | 1919 | Houston, Texas, United States | – | USD 7.79 B | 38,000 | |
Industrial equipment and service solutions are provided for various sectors. | 1965 | Houston, Texas, United States | USD 1.07 M | – | 631 | |
Sustainable energy infrastructure is designed, deployed, and serviced globally. | 1980 | Calgary, Alberta, Canada | USD 12.43 M | USD 2.62 B | 4,600 | |
Provider of hydraulic fracturing, coiled tubing, and cementing services | 1999 | Calgary, Alberta, Canada | – | USD 1.02 B | 2,200 | |
Offshore support vessel services are provided by Wintermar. | 1970 | Jakarta, Jakarta, Indonesia | – | USD 80.16 M | 245 | |
Engineered components are manufactured for energy, transportation, and industrial sectors. | 1920 | White Plains, New York, United States | – | USD 3.94 B | 11,700 |
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Frequently Asked Questions about Forum Energy Technologies
Forum Energy Technologies was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Forum Energy Technologies is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Prady Iyyanki is the current CEO of Forum Energy Technologies.
Forum Energy Technologies is a funded company, having raised a total of $28.51M across 3 funding rounds to date. The company's 1st funding round was a Series B of $28.51M, raised on Jun 01, 2007.
Forum Energy Technologies has 937 employees.
Annual revenue of Forum Energy Technologies is $791.47M as on Dec 31, 2025.
Forum Energy Technologies was founded in 2005 and is headquartered in Houston, United States. Products for drilling and oilfield operations are supplied by the company within the energy sector. Focus is placed on equipment and solutions used in oil and gas exploration and production. Operations span manufacturing and distribution, with services extending to global markets served from the U.S. base. Leadership is provided by CEO Prady Iyyanki.
Yes, Forum Energy Technologies is publicly traded on NYSE under the ticker symbol FET.
Forum Energy Technologies has made 10 acquisitions, including Cooper® Valves, ESP Completion Technologies, and Equipment And Technical Services.