Formfactor Inc (FORM) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2025, Formfactor reported revenue of $785.0M, up 2.8% from $763.6M the year before. Net income was $54.4M (a 6.9% net margin), or $0.69 per diluted share. Gross margin was 39.3% and operating margin was 7.3%. Operating activities generated $115.4M of cash, leaving $11.7M of free cash flow. At fiscal year end, Formfactor held $1.22B in total assets against $189.0M in total liabilities, including $103.3M of cash and equivalents.
Open the full interactive Formfactor financials → Quarterly statements, key ratios, valuation history and price charts.
Formfactor Key Stats
| Share Price | $128.09 |
|---|---|
| Market Cap | $10.20B |
| P/E Ratio | 185.6 |
| Revenue YoY Growth | +2.8% |
| 52-Week Range | $40.25 – $159.93 |
| Shares Outstanding | 78.0 million (basic, 2026 Q2) |
Formfactor Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $693.6M | $769.7M | $747.9M | $663.1M | $763.6M | $785.0M |
| Cost of Goods Sold | $405.7M | $446.9M | $451.9M | $404.5M | $455.7M | $476.1M |
| Gross Profit | $287.9M | $322.8M | $296.0M | $258.6M | $307.9M | $308.9M |
| Operating Income | $83.8M | $98.0M | $54.9M | $82.8M | $64.8M | $57.1M |
| Pre-Tax Income | $85.2M | $98.5M | $57.9M | $89.3M | $79.4M | $69.4M |
| Income Tax | $6.7M | $14.6M | $7.1M | $6.9M | $9.8M | $13.0M |
| Net Income | $78.5M | $83.9M | $50.7M | $82.4M | $69.6M | $54.4M |
| Diluted EPS | $0.99 | $1.06 | $0.65 | $1.05 | $0.89 | $0.69 |
Formfactor Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $202.7M | $215.2M | $226.1M | $258.2M |
| Net Income | $15.7M | $23.2M | $20.4M | $56.2M |
| Diluted EPS | $0.20 | $0.30 | $0.26 | $0.71 |
Formfactor Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $187.2M | $151.0M | $109.1M | $177.8M | $190.7M | $103.3M |
| Current Assets | $487.1M | $524.0M | $474.6M | $573.8M | $605.1M | $557.1M |
| Total Assets | $963.2M | $1.02B | $1.01B | $1.11B | $1.15B | $1.22B |
| Current Liabilities | $154.6M | $148.8M | $149.7M | $131.1M | $131.3M | $123.9M |
| Total Long-Term Debt | $34.5M | $24.4M | $15.4M | $14.4M | $13.3M | $12.2M |
| Total Liabilities | $219.1M | $204.7M | $199.9M | $198.0M | $198.4M | $189.0M |
| Shareholders' Equity | $744.1M | $815.8M | $808.3M | $908.8M | $947.8M | $1.04B |
Formfactor Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $169.3M | $139.4M | $131.8M | $64.6M | $117.5M | $115.4M |
| Cash From Investing | -$98.9M | -$124.7M | -$75.7M | $29.0M | -$33.5M | -$191.5M |
| Cash From Financing | -$30.9M | -$47.2M | -$95.9M | -$22.7M | -$64.6M | -$13.6M |
| Free Cash Flow | $113.4M | $72.9M | $66.5M | $8.6M | $79.1M | $11.7M |
Figures from Formfactor's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Formfactor financials page for every line item.
Formfactor Company Profile
| Ticker | FORM |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Livermore, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 26 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001039399 |
Frequently Asked Questions
What was Formfactor's revenue in fiscal 2025?
Formfactor (FORM) reported revenue of $785.0M for fiscal 2025.
What is Formfactor's annual revenue history?
Formfactor's annual revenue by fiscal year: 2020: $693.6M; 2021: $769.7M; 2022: $747.9M; 2023: $663.1M; 2024: $763.6M; 2025: $785.0M.
What was Formfactor's net income in fiscal 2025?
Formfactor reported net income of $54.4M for fiscal 2025.
What was Formfactor's earnings per share (EPS) in fiscal 2025?
Formfactor's diluted EPS was $0.69 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Formfactor generate in fiscal 2025?
Formfactor generated $11.7M of free cash flow in fiscal 2025.
What was Formfactor's revenue last quarter?
In its most recent reported quarter (2026 Q2), Formfactor reported revenue of $258.2M.
How much debt does Formfactor have?
Formfactor reported $12.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Formfactor are outstanding?
Formfactor reported a weighted average of 78.0 million basic shares outstanding in 2026 Q2.
What is Formfactor's market cap?
Based on its latest closing price, Formfactor (FORM) has a market capitalization of about $10.20B.
When does Formfactor's fiscal year end?
Formfactor's fiscal year end, as registered with the SEC, is December 26.
Where is Formfactor headquartered?
Formfactor lists its business address in Livermore, California in its SEC filings.