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MARKETS / NASDAQ / FORM
NASDAQ · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

Formfactor Inc. FORM

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$785.0M
▲ 2.8% YoY
$54.4M
▼ 21.9% YoY
$11.7M
▼ 85.2% YoY
In brief

What this company does

FormFactor, Inc. provides electrical and optical test and measurement technologies along the full semiconductor product lifecycle, from characterization, modeling, reliability, and design de-bug, to qualification and production test. It provides probe cards, analytical probes, probe stations, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. As of December 27, 2025, it operated in two reportable segments, the Probe Cards segment and the Systems segment, with sales of probe cards and analytical probes included in the Probe Cards segment and sales of probe stations, thermal systems and cryogenic systems included in the Systems segment. Its primary manufacturing facilities for probe cards and analytical probes are located in Livermore, California and Beaverton, Oregon, United States. Its primary manufacturing facilities for probe stations, thermal systems, and cryogenic systems are located in Boulder, Colorado, United States, and in Thiendorf, Munich and Karlsruhe, Germany. As of December 27, 2025, it had 2,153 regular full-time employees, including 1,298 in operations, 422 in research and development, 235 in sales and marketing and 198 in general and administrative functions. Founded in 1993, it introduced its first product in 1995.

Written from the business description in FORMFACTOR INC's annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth
USD 785.0M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 785.0 · Net income 54.4
400M-80M-160M200920112013201520172019202120232025
Compound annual growth
+1.6%
+2.5%
+10.8%
+10.0%
+2.3%
−7.1%
+2.0%
−7.0%
−31.7%
+12.3%
+28.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.3% · Net 6.9%
5%10%15%-50%-100%200920112013201520172019202120232025
ROE
FY2025 · ROE 5.5%
10%20%-10%-20%-30%200920112013201520172019202120232025

Each USD of equity produced 5 cents of profit this year.

Cash & shareholders
USD 26.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 11.7
40M80M-40M-80M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 26.2
40M80M200920112013201520172019202120232025

USD 26.2M in buybacks — 48% of the year's profit went back to shareholders.

Total assetsUSD 1.2B
EquityUSD 1.0B
CashUSD 103.3M
Gross debtUSD 12.2M
Net debtUSD -91.1M
Current ratio4.50×

The company holds more cash than debt.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.80.80.70.70.80.70.60.50.50.40.30.30.20.20.20.20.1
Operating income $B0.10.10.10.10.10.10.00.00.0−0.0−0.0−0.0−0.1−0.1−0.1−0.2−0.1
EBITDA $B0.10.10.10.10.10.10.10.10.1−0.00.00.0−0.0−0.0−0.1−0.2−0.2
Income tax $B0.00.00.00.00.00.00.0−0.10.0−0.00.0−0.0−0.0−0.0−0.0−0.00.0
Net income $B0.10.10.10.10.10.10.00.10.0−0.0−0.0−0.0−0.1−0.0−0.1−0.2−0.2
Free cash flow $B0.00.10.00.10.10.10.10.00.10.00.00.0−0.0−0.0−0.0−0.1−0.1
EPS, diluted $0.690.891.050.651.060.990.511.380.55−0.10−0.03−0.34−1.06−0.70−1.31−3.75−3.15
Dividend / sh $·················
Payout %·················
ROE %5.57.59.66.210.811.36.420.09.5−1.9−0.5−6.6−18.2−10.4−17.4−38.1−26.9
Shares out B0.080.080.080.080.080.080.080.070.070.070.060.060.050.050.050.05·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 82 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 13 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySemiconductors & Related Devices
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 26
Data on record since2009

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