FormFactor, Inc. (FORM) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 600.81M | 557.05M | 559.26M | 525.26M | 551.24M | 605.13M | 614.78M | 620.62M | 588.5M | 573.78M | 506.58M | 478.25M | 480.92M | 474.55M | 516.31M | 537.06M | 556.15M | 524.04M | 506.5M | 497.49M |
| Cash & Short-Term Investments | 303.28M | 275.17M | 266.03M | 249.33M | 298.99M | 360.02M | 354.47M | 357.62M | 349.16M | 328.32M | 244.42M | 236.92M | 236.25M | 238.13M | 251.59M | 266.31M | 296.36M | 276.06M | 264.68M | 256.24M |
| Cash Only | 123.54M | 103.33M | 97.68M | 67.38M | 129.89M | 190.73M | 184.51M | 195.91M | 186.3M | 177.81M | 108.73M | 97.98M | 112.36M | 106.13M | 120.6M | 136.4M | 167.18M | 151.01M | 153.78M | 160.27M |
| Short-Term Investments | 179.74M | 171.84M | 168.35M | 181.95M | 169.1M | 169.29M | 169.96M | 161.71M | 162.86M | 150.51M | 135.69M | 138.94M | 123.89M | 132M | 130.99M | 129.92M | 129.17M | 125.06M | 110.9M | 95.96M |
| Accounts Receivable | 132.16M | 125.42M | 133.32M | 115.2M | 98.61M | 104.29M | 116.87M | 113.28M | 96.41M | 102.96M | 88.97M | 94.01M | 103.97M | 88.14M | 110.5M | 107.73M | 113.5M | 115.54M | 105.81M | 108.27M |
| Days Sales Outstanding | 51.82 | 54.71 | 55.79 | 49.68 | 52.1 | 54.86 | 50.36 | 48.31 | 53.17 | 52.5 | 48.52 | 57.78 | 52.2 | 58.64 | 54.9 | 49.37 | 49.37 | 52.37 | 51.27 | 51.23 |
| Inventory | 112.88M | 110.88M | 108.83M | 110.79M | 109.97M | 101.68M | 105.37M | 114.81M | 108.77M | 111.69M | 111.63M | 120.3M | 116.55M | 123.16M | 132.03M | 143.47M | 125.59M | 111.55M | 115.1M | 111.89M |
| Days Inventory Outstanding | 86.39 | 81.25 | 81.75 | 81.63 | 88.39 | 83.96 | 81.31 | 92 | 93.6 | 102.49 | 103.16 | 112.69 | 102.54 | 103.52 | 105.65 | 111.76 | 97.9 | 95.22 | 94.11 | 88.16 |
| Other Current Assets | 52.49M | 45.58M | 51.09M | 49.95M | 43.68M | 39.13M | 38.08M | 34.9M | 34.16M | 30.82M | 61.57M | 27.02M | 24.15M | 25.12M | 1.26M | 2.1M | 2.03M | 2.23M | 2.02M | 1.86M |
| Total Non-Current Assets | 655.04M | 667.31M | 643.73M | 656.35M | 604.93M | 541.09M | 539M | 535.65M | 531.3M | 533.01M | 526.38M | 546.88M | 538.84M | 533.68M | 506.05M | 505.38M | 500.73M | 496.48M | 500.09M | 491.06M |
| Property, Plant & Equipment | 264.85M | 276.27M | 275.38M | 278.76M | 228.37M | 232.81M | 229.14M | 230.75M | 234.31M | 234.92M | 233.33M | 235.58M | 228.65M | 221.21M | 194.89M | 191.31M | 187.94M | 181.76M | 176.77M | 163.83M |
| Fixed Asset Turnover | 0.84x | 0.78x | 0.73x | 0.77x | 0.74x | 0.82x | 0.90x | 0.85x | 0.72x | 0.72x | 0.73x | 0.67x | 0.74x | 0.80x | 0.94x | 1.08x | 1.07x | 1.14x | 1.12x | 1.20x |
| Goodwill | 215.41M | 216.03M | 200.84M | 200.86M | 199.7M | 199.17M | 200.14M | 199.55M | 199.65M | 201.09M | 200.49M | 211.93M | 211.77M | 211.44M | 209.1M | 212.36M | 211.55M | 212.3M | 213.29M | 214.55M |
| Intangible Assets | 15.48M | 16.3M | 8.38M | 9.02M | 9.68M | 10.36M | 11.02M | 11.66M | 12.3M | 12.94M | 13.58M | 22.15M | 24.49M | 26.75M | 28.21M | 30.87M | 33.64M | 36.34M | 39.2M | 41.91M |
| Long-Term Investments | 0 | 0 | 66.44M | 67.26M | 68.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.29M | 2.63M | 0 | 0 | 2.05M | 2.1M | 1.67M | 1.84M |
| Other Non-Current Assets | 68.67M | 69.18M | 4.42M | 5.65M | 5.75M | 6.74M | 5.88M | 4.85M | 5.03M | 5.1M | 3.27M | 6.05M | 3.69M | 3.99M | 6.07M | 5.78M | 2.8M | 1.98M | 1.93M | 1.98M |
| Total Assets | 1.26B | 1.22B | 1.2B | 1.18B | 1.16B | 1.15B | 1.15B | 1.16B | 1.12B | 1.11B | 1.03B | 1.03B | 1.02B | 1.01B | 1.02B | 1.04B | 1.06B | 1.02B | 1.01B | 988.55M |
| Asset Turnover | 0.18x | 0.18x | 0.17x | 0.17x | 0.15x | 0.16x | 0.18x | 0.17x | 0.15x | 0.16x | 0.17x | 0.15x | 0.17x | 0.16x | 0.18x | 0.19x | 0.19x | 0.20x | 0.19x | 0.19x |
| Asset Growth % | 8.62% | 6.82% | 4.26% | 2.19% | 3.25% | 3.56% | 11.7% | 12.79% | 9.81% | 9.78% | 1.04% | -1.66% | -3.51% | -1.2% | 1.57% | 5.45% | 7.82% | 5.95% | 9.94% | 11.8% |
| Total Current Liabilities | 132.11M | 123.86M | 130.12M | 123.97M | 124.02M | 131.34M | 129.18M | 139.04M | 130.56M | 131.09M | 129.53M | 124.1M | 128.17M | 149.67M | 163.76M | 159.59M | 154.66M | 148.75M | 160M | 153.85M |
| Accounts Payable | 54.23M | 47.44M | 58.39M | 59.93M | 64.54M | 62.29M | 52.09M | 62.23M | 66M | 63.86M | 61.59M | 63.77M | 63.76M | 69.31M | 75.02M | 60.93M | 65.38M | 57.86M | 64.92M | 62.45M |
| Days Payables Outstanding | 39.25 | 39.13 | 44.04 | 46.02 | 52.97 | 46.38 | 42.22 | 52.77 | 55.13 | 57.57 | 55.76 | 60.67 | 56.92 | 58.55 | 52.13 | 52.46 | 50.88 | 51.59 | 52.81 | 52.98 |
| Short-Term Debt | 9.47M | 8.8M | 1.13M | 1.12M | 1.11M | 1.11M | 1.1M | 1.09M | 1.08M | 1.07M | 1.07M | 1.15M | 8.65M | 8.4M | 2.73M | 4.72M | 14.84M | 8.93M | 17.18M | 17.26M |
| Deferred Revenue (Current) | 26.29M | 20.09M | 21.62M | 16.45M | 15M | 15.85M | 20.97M | 17.95M | 17.52M | 16.7M | 13.86M | 19.9M | 23.78M | 29.85M | 31.97M | 31.25M | 27M | 23.22M | 23.27M | 22.66M |
| Other Current Liabilities | 42.12M | 47.53M | 30.98M | 28.38M | 24.35M | 9.59M | 10.06M | 36.59M | 23.39M | 24.34M | 19.56M | 21.53M | 14.05M | 13.1M | 25.38M | 36.79M | 22.3M | 13.04M | 31.88M | 28.07M |
| Current Ratio | 4.55x | 4.50x | 4.30x | 4.24x | 4.44x | 4.61x | 4.76x | 4.46x | 4.51x | 4.38x | 3.91x | 3.85x | 3.75x | 3.17x | 3.15x | 3.37x | 3.60x | 3.52x | 3.17x | 3.23x |
| Quick Ratio | 3.69x | 3.60x | 3.46x | 3.34x | 3.56x | 3.83x | 3.94x | 3.64x | 3.67x | 3.52x | 3.05x | 2.88x | 2.84x | 2.35x | 2.35x | 2.47x | 2.78x | 2.77x | 2.45x | 2.51x |
| Cash Conversion Cycle | 98.96 | 96.83 | 93.5 | 85.29 | 87.52 | 92.44 | 89.46 | 87.55 | 91.64 | 97.41 | 95.93 | 109.79 | 97.82 | 103.61 | 108.41 | 108.67 | 96.39 | 96.01 | 92.58 | 86.42 |
| Total Non-Current Liabilities | 64.94M | 65.18M | 63.26M | 67.62M | 66.28M | 67.1M | 69.6M | 69.31M | 65.49M | 66.89M | 62.75M | 66.77M | 67.21M | 50.28M | 50.3M | 52.88M | 55.55M | 55.99M | 60.2M | 65.15M |
| Long-Term Debt | 11.64M | 23.56M | 11.36M | 11.64M | 11.93M | 12.21M | 12.49M | 12.77M | 13.04M | 13.31M | 13.59M | 13.77M | 14.03M | 14.39M | 14.65M | 14.91M | 15.18M | 15.43M | 17.74M | 20.12M |
| Capital Lease Obligations | 0 | 12.49M | 13.32M | 15.23M | 15.98M | 17.55M | 19.73M | 21.44M | 23.43M | 25.33M | 25.1M | 26.46M | 26.41M | 27.59M | 27.86M | 29.51M | 31.37M | 31.01M | 32.4M | 34.21M |
| Deferred Tax Liabilities | 1.57M | 1.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 317K | 2.7M | 2.9M | 2.73M | 2.23M | 2.91M | 3.13M | 3.62M | 4.26M | 4.61M |
| Other Non-Current Liabilities | 51.73M | 9.45M | 20.59M | 22.74M | 20.37M | 19.34M | 19.38M | 17.1M | 11.02M | 10.25M | 5.75M | 5.84M | 5.87M | 5.57M | 5.56M | 5.54M | 5.88M | 5.92M | 5.79M | 6.2M |
| Total Liabilities | 197.05M | 189.04M | 193.38M | 191.59M | 190.29M | 198.45M | 198.77M | 208.35M | 196.05M | 197.99M | 192.28M | 190.88M | 195.38M | 199.94M | 214.06M | 212.46M | 210.21M | 204.74M | 220.2M | 219M |
| Total Debt | 21.11M | 44.85M | 33.2M | 35.91M | 37.48M | 39.23M | 41.83M | 43.54M | 45.8M | 48.15M | 47.76M | 49.24M | 56.61M | 57.73M | 52.94M | 56.99M | 69.43M | 63.27M | 75.28M | 79.51M |
| Net Debt | -102.43M | -58.48M | -64.47M | -31.46M | -92.41M | -151.5M | -142.68M | -152.38M | -140.5M | -129.67M | -60.98M | -48.74M | -55.75M | -48.4M | -67.66M | -79.4M | -97.75M | -87.73M | -78.5M | -80.77M |
| Debt / Equity | 0.02x | 0.04x | 0.03x | 0.04x | 0.04x | 0.04x | 0.04x | 0.05x | 0.05x | 0.05x | 0.06x | 0.06x | 0.07x | 0.07x | 0.07x | 0.07x | 0.08x | 0.08x | 0.10x | 0.10x |
| Debt / EBITDA | 0.37x | 1.09x | 1.09x | 1.52x | 2.26x | 2.36x | 1.60x | 1.69x | 1.57x | 0.57x | 4.07x | 7.10x | 4.82x | - | 2.74x | 1.35x | 1.60x | 1.56x | 2.33x | 2.34x |
| Net Debt / EBITDA | -1.82x | -1.42x | -2.12x | -1.33x | -5.57x | -9.11x | -5.46x | -5.91x | -4.82x | -1.54x | -5.19x | -7.03x | -4.75x | - | -3.50x | -1.88x | -2.25x | -2.16x | -2.43x | -2.38x |
| Interest Coverage | - | 156.78x | 126.46x | 133.76x | 60.06x | 104.02x | - | - | - | - | - | - | - | -132.23x | 26.80x | 274.34x | 178.04x | 208.74x | 155.18x | 175.03x |
| Total Equity | 1.06B | 1.04B | 1.01B | 990.02M | 965.87M | 947.77M | 955.01M | 947.92M | 923.75M | 908.8M | 840.69M | 834.26M | 824.37M | 808.28M | 808.3M | 829.99M | 846.67M | 815.78M | 786.39M | 769.55M |
| Equity Growth % | 9.62% | 9.24% | 5.72% | 4.44% | 4.56% | 4.29% | 13.6% | 13.62% | 12.05% | 12.44% | 4.01% | 0.52% | -2.63% | -0.92% | 2.79% | 7.85% | 10.45% | 9.64% | 10.12% | 11.41% |
| Book Value per Share | 13.33 | 13.13 | 12.99 | 12.77 | 12.40 | 12.15 | 12.18 | 12.04 | 11.77 | 11.59 | 10.72 | 10.75 | 10.67 | 10.50 | 10.40 | 10.48 | 10.65 | 10.31 | 9.95 | 9.68 |
| Total Shareholders' Equity | 1.06B | 1.04B | 1.01B | 990.02M | 965.87M | 947.77M | 955.01M | 947.92M | 923.75M | 908.8M | 840.69M | 834.26M | 824.37M | 808.28M | 808.3M | 829.99M | 846.67M | 815.78M | 786.39M | 769.55M |
| Common Stock | 78K | 78K | 78K | 77K | 77K | 77K | 77K | 77K | 77K | 77K | 78K | 77K | 77K | 77K | 77K | 77K | 78K | 78K | 78K | 77K |
| Retained Earnings | 195.69M | 175.31M | 152.09M | 136.43M | 127.35M | 120.94M | 111.24M | 92.5M | 73.11M | 51.33M | -24.52M | -28.89M | -29.71M | -31.06M | -17.33M | -21.68M | -51.92M | -81.79M | -107.69M | -128.19M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -7.66M | -3.53M | 48K | 3.45M | -6.04M | -10.84M | -1.77M | -7.95M | -6.76M | -4.05M | -8.51M | -4.45M | -4.19M | -5.58M | -17.9M | -9M | -4.48M | -1.45M | 1.7M | 3.6M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |