FormFactor, Inc. (FORM)FORMFormFactor, Inc.

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Total Current Assets	600.81M	600.81M	557.05M	559.26M	525.26M	551.24M	605.13M	614.78M	620.62M
Cash & Cash Equivalents	123.54M	123.54M	103.33M	97.68M	67.38M	129.89M	190.73M	184.51M	195.91M
Short-Term Investments	179.74M	179.74M	171.84M	168.35M	181.95M	169.10M	169.29M	169.96M	161.71M
Cash & Short-Term Investments	303.28M	303.28M	275.17M	266.03M	249.33M	298.99M	360.02M	354.47M	357.62M
Accounts Receivable	132.16M	132.16M	125.42M	133.32M	115.20M	98.61M	104.29M	116.87M	113.28M
Inventory	112.88M	112.88M	110.88M	108.83M	110.79M	109.97M	101.68M	105.37M	114.81M
Total Assets	1.26B	1.26B	1.22B	1.20B	1.18B	1.16B	1.15B	1.15B	1.16B
Property, Plant & Equipment	264.85M	264.85M	276.27M	275.38M	278.76M	228.37M	232.81M	229.14M	230.75M
Goodwill	215.41M	215.41M	216.03M	200.84M	200.86M	199.70M	199.17M	200.14M	199.55M
Intangible Assets	15.48M	15.48M	16.30M	8.38M	9.02M	9.68M	10.36M	11.02M	11.66M
Long-Term Investments	0.00	0.00	0.00	66.44M	67.26M	68.67M	0.00	0.00	0.00
Total Current Liabilities	132.11M	132.11M	123.86M	130.12M	123.97M	124.02M	131.34M	129.18M	139.04M
Accounts Payable	54.23M	54.23M	47.44M	58.39M	59.93M	64.54M	62.29M	52.09M	62.23M
Short-Term Debt	1.15M	1.15M	8.80M	1.13M	1.12M	1.11M	1.11M	1.10M	1.09M
Total Liabilities	197.05M	197.05M	189.04M	193.38M	191.59M	190.29M	198.45M	198.77M	208.35M
Long-Term Debt	10.78M	10.78M	23.56M	11.36M	11.64M	11.93M	12.21M	12.49M	12.77M
Total Debt	31.89M	31.89M	44.85M	33.20M	35.91M	37.48M	39.23M	41.83M	43.54M
Net Debt (Cash)	-91.65M	-91.65M	-58.48M	-64.47M	-31.46M	-92.41M	-151.50M	-142.68M	-152.38M
Total Shareholders' Equity	1.06B	1.06B	1.04B	1.01B	990.02M	965.87M	947.77M	955.01M	947.92M
Common Stock	78K	78K	78K	78K	77K	77K	77K	77K	77K
Retained Earnings	195.69M	195.69M	175.31M	152.09M	136.43M	127.35M	120.94M	111.24M	92.50M
Current Ratio	4.55	4.55	4.50	4.30	4.24	4.44	4.61	4.76	4.46
Debt to Equity Ratio	0.03	0.03	0.04	0.03	0.04	0.04	0.04	0.04	0.05

Annual Balance Sheet (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/27/2025	12/28/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	557.05M	605.13M	573.78M	474.55M	524.04M	487.07M	419.04M	337.82M
Cash & Cash Equivalents	103.33M	190.73M	177.81M	109.13M	151.01M	187.22M	144.54M	98.47M
Short-Term Investments	171.84M	169.29M	150.51M	129.01M	125.06M	67.81M	76.33M	50.53M
Cash & Short-Term Investments	276.24M	360.02M	328.32M	238.14M	276.06M	255.03M	220.87M	149.00M
Accounts Receivable	125.42M	104.29M	106.76M	88.14M	115.54M	107.60M	97.87M	95.33M
Inventory	110.88M	101.68M	111.69M	123.16M	111.55M	99.23M	83.26M	77.71M
Total Assets	1.22B	1.15B	1.11B	1.01B	1.02B	963.22M	839.88M	728.22M
Property, Plant & Equipment	276.27M	232.81M	234.92M	221.21M	181.76M	134.86M	90.17M	54.05M
Goodwill	216.03M	199.17M	201.09M	211.44M	212.30M	212.76M	199.20M	189.21M
Intangible Assets	16.30M	10.36M	12.94M	26.75M	36.34M	59.15M	57.61M	67.64M
Long-Term Investments	66.75M	0.00	0.00	0.00	2.10M	0.00	0.00	1.23M
Total Current Liabilities	123.86M	131.34M	131.09M	149.67M	148.75M	154.57M	136.56M	102.52M
Accounts Payable	47.44M	62.29M	63.86M	69.31M	57.86M	62.05M	40.91M	40.01M
Short-Term Debt	8.80M	1.11M	1.07M	1.04M	8.93M	9.52M	42.85M	29.84M
Total Liabilities	189.04M	198.45M	197.99M	199.94M	204.74M	219.13M	198.88M	148.06M
Long-Term Debt	23.56M	12.21M	13.31M	14.39M	15.43M	24.98M	15.64M	34.97M
Total Debt	44.85M	39.23M	48.15M	50.37M	63.27M	69.19M	94.12M	64.81M
Net Debt (Cash)	-58.48M	-151.50M	-129.67M	-58.76M	-87.73M	-118.03M	-50.42M	-33.66M
Total Shareholders' Equity	1.04B	947.77M	908.80M	808.28M	815.78M	744.08M	641.00M	580.16M
Common Stock	78K	77K	77K	77K	78K	78K	76K	75K
Retained Earnings	175.31M	120.94M	51.33M	-31.06M	-81.79M	-165.72M	-244.24M	-283.59M
Current Ratio	4.50	4.61	4.38	3.17	3.52	3.15	3.07	3.30
Debt to Equity Ratio	0.04	0.04	0.05	0.06	0.08	0.09	0.15	0.11

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About FormFactor, Inc.

FormFactor, Inc., established in Livermore, California in 1993, specializes in the design, manufacturing, and global distribution of advanced test and measurement solutions for the semiconductor industry. The company primarily caters to semiconductor manufacturers and research institutions, operating through two main divisions: Probe Cards and Systems. Within the Probe Cards segment, FormFactor supplies crucial components designed to verify the functionality of a wide array of integrated circuits. These include complex system-on-chip (SoC) products, processors for mobile applications, microcontrollers, graphics processors, and various memory devices such as dynamic random-access memory (DRAM) and NAND/NOR flash. Additionally, their probe cards support the testing of radio frequency (RF), analog, mixed-signal, image sensor, and electro-optical devices. The Systems division encompasses several specialized product lines. For instance, analytical probes are instrumental in applications such as device characterization, developing electrical simulation models, conducting failure analysis, and debugging prototype designs. These probes serve a diverse clientele including universities, research facilities, integrated device manufacturers (IDMs), semiconductor foundries, and fabless semiconductor companies. Furthermore, FormFactor provides probing systems that enable semiconductor design engineers to accurately capture and analyze critical data. They also offer surface metrology systems vital for product development, manufacturing, and quality assurance in semiconductor production. The company's thermal subsystems, such as thermal chucks, are incorporated into probe stations and other testing environments. Completing their portfolio are precision cryogenic instruments and associated test and measurement systems for semiconductors. Beyond hardware, FormFactor delivers comprehensive support services, including on-site maintenance for probe cards, specialized training programs, educational seminars, and telephone assistance. The company leverages a multi-channel sales strategy, utilizing a direct sales force, manufacturers' representatives, and independent distributors to market its offerings across major global markets. Its operational footprint spans the United States, Taiwan, South Korea, China, Japan, Europe, the broader Asia-Pacific region, and various other international territories.

Livermore, CA

2,153 employees

www.formfactor.com

Technology / Semiconductors

Sector: Technology
Industry: Semiconductors
CEO: Michael D. Slessor

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