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FormFactor Inc (FORM) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS · DATA UPDATED 2026-08-09

FormFactor Inc (FORM) operates in the SEMICONDUCTOR EQUIPMENT & MATERIALS industry and is headquartered in Livermore, United States with about 2,153 employees. Its market capitalization is roughly $9 billion. In the fiscal year ended 2025-12-31, FORM reported $785M in revenue and $54M in net income.

FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally.

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FORM Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Revenue$902M$785M$764M$663M$748M$770M$694M$589M$530M$548M$384M$282M$269M$232M$179M$169M$189M$135M$210M$462M$369M
Gross Profit$412M$307M$308M$259M$296M$323M$288M$237M$210M$216M$103M$86M$77M$42M$25M$21M($2M)$1M$36M$247M$191M
Gross Margin %45.6%39.1%40.3%39.0%39.6%41.9%41.5%40.3%39.7%39.3%26.8%30.4%28.8%18.3%14.2%12.4%-1.2%0.6%17.2%53.4%51.7%
Operating Income (EBIT)$152M$64M$65M$83M$55M$98M$84M$50M$36M$46M($48M)($4M)($21M)($59M)($64M)($70M)($197M)($145M)($138M)$93M$73M
Operating Margin %16.9%8.2%8.5%12.5%7.3%12.7%12.1%8.4%6.8%8.4%-12.5%-1.5%-7.7%-25.4%-35.9%-41.5%-104.6%-107.3%-65.7%20.2%19.7%
Net Income$115M$54M$70M$82M$51M$84M$79M$39M$104M$41M($7M)($2M)($19M)($58M)($36M)($66M)($188M)($156M)($81M)$73M$61M
Net Margin %12.8%6.9%9.1%12.4%6.8%10.9%11.3%6.7%19.6%7.5%-1.7%-0.5%-7.1%-24.9%-19.9%-39.0%-99.9%-115.0%-38.4%15.8%16.5%
EBITDA$171M$115M$113M$83M$96M$144M$135M$98M$81M$91M($1M)$20M$14M($24M)($47M)($58M)($97M)($102M)($92M)$120M$95M
Earnings Per Share (EPS)$1.46$0.69$0.89$1.05$0.65$1.06$0.99$0.51$1.38$0.55$-0.10$-0.03$-0.34$-1.06$-0.70$-1.31$-3.75$-3.15$-1.65$1.47$1.29
Shares Outstanding (M)80M78M78M78M78M79M79M77M75M74M65M58M56M54M51M51M50M49M49M50M47M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FORM Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$258M$226M$215M$203M$196M$171M$189M$208M
Gross Profit$131M$108M$92M$80M$73M$66M$74M$85M
Gross Margin %50.7%47.9%42.8%39.7%37.1%38.5%38.8%40.7%
Operating Income (EBIT)$58M$47M$28M$19M$12M$6M$8M$18M
Operating Margin %22.4%20.8%13.1%9.4%6.3%3.5%4.1%8.6%
Net Income$56M$20M$23M$16M$9M$6M$10M$19M
Net Margin %21.8%9.0%10.8%7.7%4.6%3.7%5.1%9.0%
EBITDA$68M$30M$40M$33M$23M$18M$52M$29M
Earnings Per Share (EPS)$0.71$0.26$0.29$0.20$0.12$0.08$0.12$0.24
Shares Outstanding (M)80M79M79M78M78M78M78M78M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FORM Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Cash from Operations (CFO)$180M$115M$118M$65M$132M$139M$169M$121M$69M$86M$17M$36M$18M($6M)($26M)($29M)($73M)($53M)($24M)$85M$105M
Capital Expenditures (CapEx)$44M$104M$38M$56M$65M$66M$56M$21M$20M$18M$12M$9M$6M$9M$8M$8M$31M$19M$30M$49M$38M
Free Cash Flow (FCF)$136M$12M$79M$9M$67M$73M$113M$100M$49M$69M$6M$27M$12M($14M)($34M)($37M)($104M)($72M)($55M)$36M$67M
FCF Margin %15.1%1.5%10.4%1.3%8.9%9.5%16.4%17.0%9.2%12.5%1.5%9.7%4.5%-6.2%-19.1%-21.9%-55.2%-52.9%-26.0%7.8%18.2%
Dividends Paid$0M$15M$8M$0M$0M$0M$0M$0M$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FORM Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$62M$45M$46M$27M$19M$24M$36M$27M
Capital Expenditures (CapEx)$10M$15M$11M$8M$66M$19M$8M$9M
Free Cash Flow (FCF)$52M$30M$35M$19M($47M)$5M$28M$18M
FCF Margin %20.2%13.2%16.1%9.6%-24.2%2.9%14.9%8.6%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FORM Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Assets$1.3B$1.2B$1.1B$1.1B$1.0B$1.0B$963M$840M$728M$647M$620M$343M$344M$341M$396M$383M$466M$654M$786M$855M$698M
Cash & Cash Equivalents$110M$103M$191M$178M$109M$151M$187M$145M$98M$91M$101M$146M$114M$59M$72M$139M$121M$122M$338M$315M$284M
Total Liabilities$231M$189M$198M$198M$200M$205M$219M$199M$148M$188M$219M$48M$55M$47M$56M$36M$55M$76M$80M$98M$81M
Total Debt (Short + Long-Term)$20M$20M$22M$23M$23M$32M$41M$65M$65M$106M$138M$13M$13M$0M$1M$0M$0M$0M$0M$30M$28M
Total Shareholders' Equity$1.1B$1.0B$948M$909M$808M$816M$744M$641M$580M$459M$401M$295M$289M$294M$339M$347M$411M$578M$706M$757M$618M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive FORM viewer.

FORM Metric Deep Dives

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