Forum Energy Technologies

Houston, United States Founded: 2005 • Age: 21 yrs
Drilling and oilfield products are provided to the energy sector.
Annual revenue $816.4M Latest available
Total funding $28.5M 3 rounds
Employees 937 Tracked headcount
Investors - Known backers
Products - Services tracked
Competitors - Brand Intelligence

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 as of December 31, 2022. Forum Energy Technologies has completed 10 acquisitions, including Cooper® Valves, ESP Completion Technologies and Equipment And Technical Services.

  • Headquarter Houston, United States
  • Employees 937 as on 31 Dec, 2022
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Forum Energy Technologies, Inc.
Operational Areas
Industrial Goods & Manufacturing → Oil, Gas & Energy Equipment Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $816.42 M (USD)
    10.5
    as on Dec 31, 2024
  • Net Profit
    -$135.33 M (USD)
    -616.92
    as on Dec 31, 2024
  • EBITDA
    $89.42 M (USD)
    52.88
    as on Dec 31, 2024
  • Total Equity Funding
    $28.51 M (USD)

    in 3 rounds

  • Latest Funding Round
    $5 M (USD), Post-IPO

    Jan 25, 2019

  • Investors
    Not available
  • Employee Count
    937

    as on Dec 31, 2022

  • Investments & Acquisitions
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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.

Exchange: NYSE · Ticker: FET · Sector: Industrial services · USA

People of Forum Energy Technologies

Headcount 1-10
Employee Profiles 158
Board Members and Advisors 6
Employee Profiles
People
Tabitha Cole
Software Test Engineer
People
Henry Murcia
QC Lead
People
Robert Dirocco
Product Engineering Manager
People
Chris Buckle
Commercial Manager

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Board Members and Advisors
people
Michael McShane
Director
people
Evelyn Angelle
Director
people
John A. Carrig
Director
people
Emily Reichert
Director

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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.

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.

Investments
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Investment portfolio details for Forum Energy Technologies

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Sand protection tools for electrical submersible pumps are manufactured.
Locked Locked 2013 Locked
Manufacturer of high performance wireline cables for oil and gas industry
Locked Locked 2009 Locked
Manufacturer of interior building materials and design solutions
Locked Locked 2007 Locked
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Complete acquisition details for Forum Energy Technologies

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Financial Statements - Forum Energy Technologies

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Detailed financials for Forum Energy Technologies

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Forum Energy Technologies Comparisons

Forum Energy Technologies Primary company
Description
Drilling and oilfield products are provided to the energy se...
Location
Houston, United States
Founded Year
2005
Annual Revenue
$816.42 M (USD)
Net Profit
-$135.33 M (USD)
EBITDA
$89.42 M (USD)
Employees
937
As of 2022
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Peer comparison for Forum Energy Technologies

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Competitors of Forum Energy Technologies

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Detailed competitors of Forum Energy Technologies

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Latest news on Forum Energy Technologies

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Complete news archive for Forum Energy Technologies

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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.

As of Dec 31, 2022, the latest employee count at Forum Energy Technologies is 937.

Annual revenue of Forum Energy Technologies is $816.42M as on Dec 31, 2024.

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.

The ticker symbol of Forum Energy Technologies is FET on NYSE.

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