Formfactor Inc income statement
In fiscal 2025, Formfactor Inc reported revenue of $785m, up 2.8% on the year before, operating income of $57.1m (a 7.3% margin) and net income of $54.4m, or $0.69 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 135 | 189 | 169 | 179 | 232 | 269 | 282 | 384 | 548 | 530 | 589 | 694 | 770 | 748 | 663 | 764 | 785 | 902 |
| Cost of revenue | 135 | 191 | 148 | 153 | 189 | 191 | 197 | 281 | 333 | 319 | 352 | 406 | 447 | 452 | 405 | 456 | 476 | 513 |
| Gross profit | 1 | −2 | 21 | 25 | 42 | 77 | 86 | 103 | 216 | 210 | 237 | 288 | 323 | 296 | 259 | 308 | 309 | 389 |
| Research and development | 58 | 55 | 44 | 40 | 42 | 43 | 44 | 57 | 74 | 75 | 81 | 89 | 101 | 109 | 116 | 122 | 116 | 121 |
| Selling, general and administrative | 78 | 67 | 47 | 49 | 53 | 51 | 45 | 73 | 95 | 99 | 106 | 115 | 124 | 132 | 133 | 142 | 133 | 138 |
| Operating income | −145 | −197 | −70 | −64 | −59 | −21 | −4 | −48 | 46 | 36 | 50 | 84 | 98 | 55 | 83 | 65 | 57 | 116 |
| Interest expense | — | — | — | — | — | — | 0 | 2 | 4 | 3 | 2 | 1 | 1 | 1 | 0 | 0 | 1 | — |
| Income before tax | −142 | −190 | −68 | −62 | −58 | −20 | −1 | −50 | 42 | 34 | 51 | 85 | 99 | 58 | 89 | 79 | 69 | 127 |
| Income tax | 13 | −2 | −2 | −26 | −0 | −1 | 0 | −44 | 1 | −70 | 12 | 7 | 15 | 7 | 7 | 10 | 13 | 17 |
| Net income | −156 | −188 | −66 | −36 | −58 | −19 | −2 | −7 | 41 | 104 | 39 | 79 | 84 | 51 | 82 | 70 | 54 | 115 |
| Diluted EPS | −$3.15 | −$3.75 | −$1.31 | −$0.70 | −$1.06 | −$0.34 | −$0.03 | −$0.10 | $0.55 | $1.38 | $0.51 | $0.99 | $1.06 | $0.65 | $1.05 | $0.89 | $0.69 | $1.46 |
| Diluted shares (average) | — | 50m | 51m | 51m | 54m | 56m | 58m | 65m | 74m | 75m | 77m | 79m | 79m | 78m | 78m | 78m | 78m | 79m |
| EBITDA | −178 | −169 | −60 | −47 | −30 | 10 | 20 | −1 | 60 | 50 | 67 | 104 | 124 | 84 | 120 | 98 | 95 | 153 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 208 | 189 | 171 | 196 | 203 | 215 | 226 | 258 |
| Cost of revenue | 123 | 116 | 107 | 123 | 122 | 124 | 139 | 127 |
| Gross profit | 85 | 74 | 65 | 73 | 81 | 91 | 87 | 131 |
| Research and development | 31 | 31 | 28 | 29 | 29 | 30 | 31 | 31 |
| Selling, general and administrative | 36 | 35 | 33 | 31 | 33 | 35 | 32 | 37 |
| Operating income | 18 | 8 | 3 | 12 | 18 | 23 | 17 | 58 |
| Interest expense | — | — | 0 | — | — | — | — | — |
| Net interest income | 4 | — | 3 | 3 | 2 | — | 2 | 3 |
| Income before tax | 21 | 12 | 7 | 15 | 20 | 27 | 19 | 61 |
| Income tax | 2 | 2 | 1 | 2 | 6 | 4 | 0 | 7 |
| Net income | 19 | 10 | 6 | 9 | 16 | 23 | 20 | 56 |
| Diluted EPS | $0.24 | $0.13 | $0.08 | $0.12 | $0.20 | $0.29 | $0.26 | $0.71 |
| EBITDA | 27 | 17 | 12 | 22 | 28 | 33 | 26 | 67 |
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