FormFactor, Inc. (FORM) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 226.14M | 215.16M | 202.68M | 195.8M | 171.36M | 189.48M | 207.92M | 197.47M | 168.72M | 168.16M | 171.57M | 155.92M | 167.45M | 165.99M | 180.87M | 203.91M | 197.17M | 205M | 189.96M | 188.08M |
| Revenue Growth % | 31.97% | 13.55% | -2.52% | -0.85% | 1.56% | 12.68% | 21.18% | 26.65% | 0.76% | 1.31% | -5.14% | -23.54% | -15.08% | -19.03% | -4.79% | 8.42% | 5.65% | 4.04% | 6.72% | 19.17% |
| Cost of Goods Sold | 117.85M | 123.04M | 122.24M | 123.05M | 105.36M | 115.9M | 123.21M | 110.57M | 105.99M | 100.23M | 102.29M | 95.63M | 106.37M | 120.78M | 118.66M | 109.54M | 102.95M | 115.44M | 109.75M | 111.79M |
| COGS % of Revenue | 52.11% | 57.19% | 60.31% | 62.85% | 61.48% | 61.17% | 59.26% | 55.99% | 62.82% | 59.6% | 59.62% | 61.34% | 63.52% | 72.77% | 65.6% | 53.72% | 52.21% | 56.31% | 57.77% | 59.44% |
| Gross Profit | 108.29M | 92.12M | 80.44M | 72.75M | 66M | 73.58M | 84.7M | 86.9M | 62.74M | 67.93M | 69.28M | 60.28M | 61.08M | 45.2M | 62.21M | 94.37M | 94.22M | 89.56M | 80.22M | 76.28M |
| Gross Margin % | 47.89% | 42.81% | 39.69% | 37.15% | 38.52% | 38.83% | 40.74% | 44.01% | 37.18% | 40.4% | 40.38% | 38.66% | 36.48% | 27.23% | 34.4% | 46.28% | 47.79% | 43.69% | 42.23% | 40.56% |
| Gross Profit Growth % | 64.08% | 25.2% | -5.04% | -16.29% | 5.2% | 8.31% | 22.26% | 44.15% | 2.72% | 50.29% | 11.37% | -36.12% | -35.18% | -49.53% | -22.45% | 23.71% | 22.84% | 15.39% | 4.52% | 15.29% |
| Operating Expenses | 61.15M | 63.9M | 61.47M | 60.44M | 60.05M | 65.73M | 66.85M | 69.13M | 41.44M | -13.34M | 66.58M | 61.59M | 60.99M | 61.15M | 58.19M | 61.72M | 60.04M | 57.77M | 56.97M | 55.93M |
| OpEx % of Revenue | 27.04% | 29.7% | 30.33% | 30.87% | 35.05% | 34.69% | 32.15% | 35.01% | 24.56% | -7.93% | 38.8% | 39.51% | 36.42% | 36.84% | 32.17% | 30.27% | 30.45% | 28.18% | 29.99% | 29.74% |
| Selling, General & Admin | 30.37M | 33.5M | 32.78M | 31.65M | 30.59M | 35.23M | 35.61M | 37.87M | 33.08M | 36.17M | 35.56M | 33.26M | 32.74M | 33.93M | 30.06M | 33.41M | 32.91M | 32.36M | 30.94M | 30.48M |
| SG&A % of Revenue | 13.43% | 15.57% | 16.17% | 16.16% | 17.85% | 18.59% | 17.13% | 19.18% | 19.61% | 21.51% | 20.73% | 21.33% | 19.55% | 20.44% | 16.62% | 16.38% | 16.69% | 15.78% | 16.29% | 16.21% |
| Research & Development | 30.78M | 30.4M | 28.69M | 28.79M | 27.8M | 30.5M | 31.24M | 31.56M | 28.63M | 28.17M | 31.01M | 28.34M | 28.25M | 27.22M | 26.55M | 28.32M | 27.13M | 25.41M | 26.03M | 25.45M |
| R&D % of Revenue | 13.61% | 14.13% | 14.15% | 14.71% | 16.22% | 16.1% | 15.03% | 15.98% | 16.97% | 16.75% | 18.08% | 18.18% | 16.87% | 16.4% | 14.68% | 13.89% | 13.76% | 12.4% | 13.7% | 13.53% |
| Other Operating Expenses | 0 | 1 | 0 | 0 | 1000K | 0 | 0 | -310K | -1000K | -1000K | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 47.14M | 28.22M | 18.97M | 12.31M | 5.95M | 7.85M | 17.86M | 17.77M | 21.3M | 81.27M | 2.71M | -1.31M | 91K | -15.95M | 4.03M | 32.65M | 34.18M | 31.79M | 23.25M | 20.35M |
| Operating Margin % | 20.84% | 13.12% | 9.36% | 6.29% | 3.47% | 4.14% | 8.59% | 9% | 12.63% | 48.33% | 1.58% | -0.84% | 0.05% | -9.61% | 2.23% | 16.01% | 17.34% | 15.51% | 12.24% | 10.82% |
| Operating Income Growth % | 692.79% | 259.49% | 6.24% | -30.76% | -72.09% | -90.34% | 559.59% | 1454.57% | 23309.89% | 609.69% | -32.78% | -104.02% | -99.73% | -150.16% | -82.68% | 60.42% | 50.96% | 52.63% | 5.52% | -9.53% |
| EBITDA | 56.31M | 41.32M | 30.38M | 23.66M | 16.58M | 16.64M | 26.13M | 25.78M | 29.14M | 84.24M | 11.74M | 6.93M | 11.73M | -6.15M | 19.32M | 42.16M | 43.51M | 40.69M | 32.29M | 33.99M |
| EBITDA Margin % | 24.9% | 19.21% | 14.99% | 12.08% | 9.68% | 8.78% | 12.57% | 13.06% | 17.27% | 50.1% | 6.84% | 4.45% | 7.01% | -3.71% | 10.68% | 20.68% | 22.07% | 19.85% | 17% | 18.07% |
| EBITDA Growth % | 239.65% | 148.4% | 16.25% | -8.25% | -43.1% | -80.25% | 122.51% | 271.98% | 148.28% | 1469.15% | -39.23% | -83.56% | -73.03% | -115.12% | -40.16% | 24.04% | 22.3% | 17.02% | -4.52% | 1.09% |
| D&A (Non-Cash Add-back) | 9.17M | 13.1M | 11.41M | 11.35M | 10.63M | 8.79M | 8.27M | 8.01M | 7.83M | 2.97M | 9.04M | 8.24M | 11.64M | 9.79M | 15.3M | 9.52M | 9.33M | 8.9M | 9.04M | 13.64M |
| EBIT | 47.14M | 28.22M | 18.97M | 12.31M | 5.95M | 43.48M | 17.86M | 17.46M | 1.03M | 87.02M | 2.71M | -1.31M | 91K | -15.34M | 4.07M | 32.65M | 34.18M | 32.35M | 23.43M | 20.3M |
| Net Interest Income | 2.17M | 2.18M | 1.98M | 2.64M | 3.32M | 3.47M | 3.65M | 3.42M | 3.16M | 2.38M | 1.66M | 1.48M | 1.28M | 957K | 557K | 181K | -54K | -49K | -30K | 32K |
| Interest Income | 2.17M | 2.36M | 2.13M | 2.73M | 3.42M | 3.89M | 3.65M | 3.42M | 3.16M | 2.38M | 1.66M | 1.48M | 1.28M | 1.07M | 709K | 300K | 138K | 106K | 121K | 148K |
| Interest Expense | 0 | 180K | 150K | 92K | 99K | 418K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 116K | 152K | 119K | 192K | 155K | 151K | 116K |
| Other Income/Expense | -26.36M | -1.38M | 2.62M | -848K | 1.53M | 4.09M | 3.09M | 3.77M | 3.68M | 830K | 2.45M | 1.93M | 1.3M | 490K | 1.6M | 732K | 138K | 410K | 28K | -162K |
| Pretax Income | 20.78M | 26.84M | 21.59M | 11.46M | 7.48M | 11.94M | 20.95M | 21.55M | 24.98M | 82.1M | 5.16M | 620K | 1.39M | -15.46M | 5.63M | 33.38M | 34.32M | 32.2M | 23.28M | 20.19M |
| Pretax Margin % | 9.19% | 12.47% | 10.65% | 5.85% | 4.36% | 6.3% | 10.07% | 10.91% | 14.8% | 48.82% | 3.01% | 0.4% | 0.83% | -9.31% | 3.11% | 16.37% | 17.41% | 15.71% | 12.26% | 10.73% |
| Income Tax | 396K | 3.62M | 5.94M | 2.37M | 1.07M | 2.23M | 2.21M | 2.15M | 3.2M | 6.25M | 786K | -208K | 48K | -1.73M | 1.27M | 3.14M | 4.45M | 6.3M | 2.78M | 2.28M |
| Effective Tax Rate % | 1.91% | 13.49% | 27.5% | 20.7% | 14.38% | 18.71% | 10.56% | 10% | 12.8% | 7.62% | 15.24% | -33.55% | 3.45% | 11.18% | 22.65% | 9.4% | 12.97% | 19.57% | 11.96% | 11.31% |
| Net Income | 20.38M | 23.22M | 15.66M | 9.09M | 6.4M | 9.71M | 18.74M | 19.39M | 21.78M | 75.85M | 4.37M | 828K | 1.34M | -13.73M | 4.35M | 30.24M | 29.87M | 25.9M | 20.5M | 17.91M |
| Net Margin % | 9.01% | 10.79% | 7.72% | 4.64% | 3.74% | 5.12% | 9.01% | 9.82% | 12.91% | 45.1% | 2.55% | 0.53% | 0.8% | -8.27% | 2.41% | 14.83% | 15.15% | 12.63% | 10.79% | 9.52% |
| Net Income Growth % | 218.45% | 139.24% | -16.44% | -53.15% | -70.61% | -87.2% | 328.64% | 2242.03% | 1523.03% | 652.53% | 0.46% | -97.26% | -95.51% | -153.01% | -78.77% | 68.9% | 52.21% | 34.37% | -10.46% | -12.53% |
| Net Income (Continuing) | 20.38M | 23.22M | 15.66M | 9.09M | 6.4M | 9.71M | 18.74M | 19.39M | 21.78M | 75.85M | 4.37M | 828K | 1.34M | -13.73M | 4.35M | 30.24M | 29.87M | 25.9M | 20.5M | 17.91M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.26 | 0.29 | 0.20 | 0.12 | 0.08 | 0.12 | 0.24 | 0.25 | 0.28 | 0.97 | 0.06 | 0.01 | 0.02 | -0.18 | 0.06 | 0.38 | 0.38 | 0.33 | 0.26 | 0.23 |
| EPS Growth % | 216.3% | 141.67% | -16.67% | -52% | -70.64% | -87.63% | 330.88% | 2236.45% | 1509.2% | 638.89% | -0.54% | -97.18% | -95.42% | -154.55% | -78.46% | 65.22% | 52% | 37.5% | -10.34% | -11.54% |
| EPS (Basic) | 0.26 | 0.30 | 0.20 | 0.12 | 0.08 | 0.13 | 0.24 | 0.25 | 0.28 | 0.98 | 0.06 | 0.01 | 0.02 | -0.18 | 0.06 | 0.39 | 0.38 | 0.33 | 0.26 | 0.23 |
| Diluted Shares Outstanding | 79.42M | 78.86M | 77.73M | 77.53M | 77.88M | 77.98M | 78.44M | 78.72M | 78.49M | 78.41M | 78.41M | 77.62M | 77.25M | 76.97M | 77.69M | 79.21M | 79.47M | 79.12M | 79.03M | 79.47M |
| Basic Shares Outstanding | 77.83M | 77.58M | 77.39M | 77.11M | 77.34M | 77.27M | 77.41M | 77.23M | 77.45M | 77.68M | 77.57M | 77.16M | 77.07M | 76.97M | 77.25M | 77.9M | 78.25M | 78.22M | 77.87M | 77.46M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |