PerpEquities

Equity

FormFactor, Inc. (FORM) perpetual futures

FORM perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade FORMUSDT.

FormFactor designs, manufactures, and globally distributes advanced test and measurement solutions for the semiconductor industry, serving semiconductor manufacturers and research institutions through its Probe Cards and Systems divisions.

$91.10+3.2%NASDAQ closed
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Collecting venue price data...
venue perp mark · BingX (FORMUS-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
-Coverage: 0/1 marketsExchange-reported volume: $1.1M
Open interest
$847.6
Best liquidity
$2.2K
BingX
Tightest spread
+60.4 bps
BingX
Highest volume
-
Settlement mix
USDT · 1/1
Perp/spot vol.
-
Spot volume $287.3M
OI / float
0.00%
Float $7.1B
Spot performance
1D-11.65%
5D+3.41%
1M-28.47%
6M-28.09%
YTD+74.72%
1Y+104.23%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeFORMUS-USDTTrading$91.10+5.5% APR
+0.00500% every 8h
+60.4 bps$2.2K$1.1M⚠$847.6USDT-

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

Too thin: BingX

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

FORM

Tightest spread

FORM

Highest volume

-
No live data-

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 3h ago
Market cap
$7.6B
Updated 3h ago
Revenue
$980.1M
Trailing 12 months
Revenue growth
+32%
Next fiscal year
Profit margin
+17.7%
P/E
43.9
Peer P/E 1.5
Free cash flow
$181.3M
Trailing 12 months
More metrics
Net income
$173.6M
Trailing 12 months
P/S
7.8
Peer P/E
1.5
Similar listed perps
Revenue estimate
$1B
Next fiscal year
Earnings
2027-02-03
Revenue est. $283.7M · Updated 3h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$785M
Net margin+6.9%
Free cash flow$11.7M
Net debt-$58.5M
2020$693.6M
2021$769.7M
2022$747.9M
2023$663.1M
2024$763.6M
2025$785M
PeriodRevenueGrowthNet incomeFCF
2020$693.6M+18%$78.5M$113.4M
2021$769.7M+11%$83.9M$72.9M
2022$747.9M-3%$50.7M$66.5M
2023$663.1M-11%$82.4M$8.6M
2024$763.6M+15%$69.6M$79.1M
2025$785M+3%$54.4M$11.7M
PeriodGross marginOperating marginNet marginROEROA
2020+41.5%+12.1%+11.3%+10.6%+8.2%
2021+41.9%+12.7%+10.9%+10.3%+8.2%
2022+39.6%+7.3%+6.8%+6.3%+5.0%
2023+39.0%+12.5%+12.4%+9.1%+7.4%
2024+40.3%+8.5%+9.1%+7.3%+6.1%
2025+39.1%+8.2%+6.9%+5.3%+4.4%
PeriodCashDebtNet debtCurrent ratio
2020$187.2M$69.2M-$118M3.15
2021$151M$63.3M-$87.7M3.52
2022$109.1M$50.4M-$58.8M3.17
2023$177.8M$48.1M-$129.7M4.38
2024$190.7M$39.2M-$151.5M4.61
2025$103.3M$44.8M-$58.5M4.50
PeriodMarket capEnterprise valueP/SP/E
2020$3.3B$3.2B4.842.2
2021$3.6B$3.5B4.642.3
2022$1.7B$1.7B2.334.2
2023$3.2B$3.1B4.939.3
2024$3.6B$3.4B4.751.0
2025$4.5B$4.4B5.782.9
Q4 2024$189.5M
Q1 2025$171.4M
Q2 2025$195.8M
Q3 2025$202.7M
Q4 2025$215.2M
Q1 2026$226.1M
Q2 2026$258.2M
Q3 2026$280.5M
PeriodRevenueGrowthNet incomeFCF
Q4 2024$189.5M+13%$9.7M$28.3M
Q1 2025$171.4M+2%$6.4M$5M
Q2 2025$195.8M-1%$9.1M-$47.4M
Q3 2025$202.7M-3%$15.7M$19.5M
Q4 2025$215.2M+14%$23.2M$34.7M
Q1 2026$226.1M+32%$20.4M$29.8M
Q2 2026$258.2M+32%$56.2M$52.2M
Q3 2026$280.5M+38%$73.8M$64.6M
PeriodGross marginOperating marginNet marginROEROA
Q4 2024+38.8%+4.1%+5.1%+1.0%+0.8%
Q1 2025+38.5%+3.5%+3.7%+0.7%+0.6%
Q2 2025+37.2%+6.3%+4.6%+0.9%+0.8%
Q3 2025+39.7%+9.4%+7.7%+1.6%+1.3%
Q4 2025+42.8%+13.1%+10.8%+2.2%+1.9%
Q1 2026+47.9%+20.8%+9.0%+1.9%+1.6%
Q2 2026+50.7%+22.4%+21.8%+5.1%+4.2%
Q3 2026+54.7%+29.1%+26.3%+6.2%+5.2%
PeriodCashDebtNet debtCurrent ratio
Q4 2024$190.7M$39.2M-$151.5M4.61
Q1 2025$129.9M$37.5M-$92.4M4.44
Q2 2025$67.4M$35.9M-$31.5M4.24
Q3 2025$97.7M$33.2M-$64.5M4.30
Q4 2025$103.3M$44.8M-$58.5M4.50
Q1 2026$123.5M$31.9M-$91.6M4.55
Q2 2026$109.8M$29.9M-$79.8M4.08
Q3 2026$138.2M$27.8M-$110.4M3.68
PeriodMarket capEnterprise valueP/SP/E
Q4 2024$3.4B$3.2B17.984.6
Q1 2025$2.2B$2.1B12.986.5
Q2 2025$2.7B$2.7B13.772.7
Q3 2025$2.7B$2.7B13.544.1
Q4 2025$4.5B$4.4B20.948.4
Q1 2026$7.6B$7.5B33.794.2
Q2 2026$10.2B$10.1B39.545.4
Q3 2026$10.2B$10B36.234.5

Refreshed 3h ago

Charts: revenue, profit, cash flow & valuation
Revenue$280.5MQ3 2026
$70.1M$140.3M$210.4M$280.5MQ4 2023: $168.2MQ1 2024: $168.7MQ2 2024: $197.5MQ3 2024: $207.9MQ4 2024: $189.5MQ1 2025: $171.4MQ2 2025: $195.8MQ3 2025: $202.7MQ4 2025: $215.2MQ1 2026: $226.1MQ2 2026: $258.2MQ3 2026: $280.5MQ4 2023Q3 2026
Net income$73.8MQ3 2026
$19M$37.9M$56.9M$75.8MQ4 2023: $75.8MQ1 2024: $21.8MQ2 2024: $19.4MQ3 2024: $18.7MQ4 2024: $9.7MQ1 2025: $6.4MQ2 2025: $9.1MQ3 2025: $15.7MQ4 2025: $23.2MQ1 2026: $20.4MQ2 2026: $56.2MQ3 2026: $73.8MQ4 2023Q3 2026
EBITDA$93.3MQ3 2026
$23.3M$46.6M$70M$93.3MQ4 2023: $90MQ1 2024: $8.9MQ2 2024: $25.5MQ3 2024: $29.2MQ4 2024: $52.3MQ1 2025: $16.4MQ2 2025: $21.5MQ3 2025: $31.5MQ4 2025: $36.4MQ1 2026: $30MQ2 2026: $68.1MQ3 2026: $93.3MQ4 2023Q3 2026
Free cash flow$64.6MQ3 2026
-$19.4M$8.6M$36.6M$64.6MQ4 2023: -$683KQ1 2024: $19.6MQ2 2024: $13.5MQ3 2024: $17.8MQ4 2024: $28.3MQ1 2025: $5MQ2 2025: -$47.4MQ3 2025: $19.5MQ4 2025: $34.7MQ1 2026: $29.8MQ2 2026: $52.2MQ3 2026: $64.6MQ4 2023Q3 2026
EPS$0.93Q3 2026
$0.24$0.49$0.73$0.97Q4 2023: $0.97Q1 2024: $0.28Q2 2024: $0.25Q3 2024: $0.24Q4 2024: $0.12Q1 2025: $0.08Q2 2025: $0.12Q3 2025: $0.2Q4 2025: $0.29Q1 2026: $0.26Q2 2026: $0.7Q3 2026: $0.93Q4 2023Q3 2026
Cash / Debt$138.2MQ3 2026
$49M$98M$146.9M$195.9MQ4 2023 · Cash: $177.8MQ4 2023 · Debt: $48.1MQ1 2024 · Cash: $186.3MQ1 2024 · Debt: $45.8MQ2 2024 · Cash: $195.9MQ2 2024 · Debt: $43.5MQ3 2024 · Cash: $184.5MQ3 2024 · Debt: $41.8MQ4 2024 · Cash: $190.7MQ4 2024 · Debt: $39.2MQ1 2025 · Cash: $129.9MQ1 2025 · Debt: $37.5MQ2 2025 · Cash: $67.4MQ2 2025 · Debt: $35.9MQ3 2025 · Cash: $97.7MQ3 2025 · Debt: $33.2MQ4 2025 · Cash: $103.3MQ4 2025 · Debt: $44.8MQ1 2026 · Cash: $123.5MQ1 2026 · Debt: $31.9MQ2 2026 · Cash: $109.8MQ2 2026 · Debt: $29.9MQ3 2026 · Cash: $138.2MQ3 2026 · Debt: $27.8MQ4 2023Q3 2026
CashDebt
Profitability+54.7%Q3 2026
+13.7%+27.3%+41.0%+54.7%Q4 2023 · Gross margin: +40.4%Q1 2024 · Gross margin: +37.2%Q2 2024 · Gross margin: +44.0%Q3 2024 · Gross margin: +40.7%Q4 2024 · Gross margin: +38.8%Q1 2025 · Gross margin: +38.5%Q2 2025 · Gross margin: +37.2%Q3 2025 · Gross margin: +39.7%Q4 2025 · Gross margin: +42.8%Q1 2026 · Gross margin: +47.9%Q2 2026 · Gross margin: +50.7%Q3 2026 · Gross margin: +54.7%Q4 2023 · Operating margin: +48.3%Q1 2024 · Operating margin: +12.6%Q2 2024 · Operating margin: +9.0%Q3 2024 · Operating margin: +8.6%Q4 2024 · Operating margin: +4.1%Q1 2025 · Operating margin: +3.5%Q2 2025 · Operating margin: +6.3%Q3 2025 · Operating margin: +9.4%Q4 2025 · Operating margin: +13.1%Q1 2026 · Operating margin: +20.8%Q2 2026 · Operating margin: +22.4%Q3 2026 · Operating margin: +29.1%Q4 2023 · Net margin: +45.1%Q1 2024 · Net margin: +12.9%Q2 2024 · Net margin: +9.8%Q3 2024 · Net margin: +9.0%Q4 2024 · Net margin: +5.1%Q1 2025 · Net margin: +3.7%Q2 2025 · Net margin: +4.6%Q3 2025 · Net margin: +7.7%Q4 2025 · Net margin: +10.8%Q1 2026 · Net margin: +9.0%Q2 2026 · Net margin: +21.8%Q3 2026 · Net margin: +26.3%Q4 2023Q3 2026
Gross marginOperating marginNet margin
Revenue growth+38.4%Q3 2026
+7.7%+18.0%+28.2%+38.4%Q3 2024: +21.2%Q4 2024: +12.7%Q1 2025: +1.6%Q2 2025: -0.8%Q3 2025: -2.5%Q4 2025: +13.6%Q1 2026: +32.0%Q2 2026: +31.9%Q3 2026: +38.4%Q4 2023Q3 2026
Shares outstanding79.4MQ3 2026
19.9M39.8M59.7M79.5MQ4 2023: 78.4MQ1 2024: 78.5MQ2 2024: 78.7MQ3 2024: 78.4MQ4 2024: 78MQ1 2025: 77.9MQ2 2025: 77.5MQ3 2025: 77.7MQ4 2025: 78.9MQ1 2026: 79.4MQ2 2026: 79.5MQ3 2026: 79.4MQ4 2023Q3 2026
Valuation34.5Q3 2026
23.547.170.694.2Q4 2023 · P/E: 10.6Q1 2024 · P/E: 40.7Q2 2024 · P/E: 60.5Q3 2024 · P/E: 48.2Q4 2024 · P/E: 84.6Q1 2025 · P/E: 86.5Q2 2025 · P/E: 72.7Q3 2025 · P/E: 44.1Q4 2025 · P/E: 48.4Q1 2026 · P/E: 94.2Q2 2026 · P/E: 45.4Q3 2026 · P/E: 34.5Q4 2023 · P/S: 19.3Q1 2024 · P/S: 20.9Q2 2024 · P/S: 23.7Q3 2024 · P/S: 17.2Q4 2024 · P/S: 17.9Q1 2025 · P/S: 12.9Q2 2025 · P/S: 13.7Q3 2025 · P/S: 13.5Q4 2025 · P/S: 20.9Q1 2026 · P/S: 33.7Q2 2026 · P/S: 39.5Q3 2026 · P/S: 36.2Q4 2023Q3 2026
P/EP/S
Revenue$785M2025
$196.2M$392.5M$588.7M$785M2018: $529.7M2019: $589.5M2020: $693.6M2021: $769.7M2022: $747.9M2023: $663.1M2024: $763.6M2025: $785M20182025
Net income$54.4M2025
$26M$52M$78M$104M2018: $104M2019: $39.3M2020: $78.5M2021: $83.9M2022: $50.7M2023: $82.4M2024: $69.6M2025: $54.4M20182025
EBITDA$114.8M2025
$35.9M$71.8M$107.7M$143.6M2018: $80.9M2019: $97.8M2020: $134.7M2021: $143.6M2022: $96.5M2023: $127.1M2024: $112.7M2025: $114.8M20182025
Free cash flow$11.7M2025
$28.3M$56.7M$85M$113.4M2018: $48.8M2019: $100.2M2020: $113.4M2021: $72.9M2022: $66.5M2023: $8.6M2024: $79.1M2025: $11.7M20182025
EPS$0.692025
$0.35$0.69$1.04$1.382018: $1.382019: $0.512020: $0.992021: $1.062022: $0.652023: $1.052024: $0.892025: $0.6920182025
Cash / Debt$103.3M2025
$47.7M$95.4M$143M$190.7M2018 · Cash: $98.5M2018 · Debt: $64.8M2019 · Cash: $144.5M2019 · Debt: $94.1M2020 · Cash: $187.2M2020 · Debt: $69.2M2021 · Cash: $151M2021 · Debt: $63.3M2022 · Cash: $109.1M2022 · Debt: $50.4M2023 · Cash: $177.8M2023 · Debt: $48.1M2024 · Cash: $190.7M2024 · Debt: $39.2M2025 · Cash: $103.3M2025 · Debt: $44.8M20182025
CashDebt
Profitability+39.1%2025
+10.5%+21.0%+31.5%+41.9%2018 · Gross margin: +39.7%2019 · Gross margin: +40.3%2020 · Gross margin: +41.5%2021 · Gross margin: +41.9%2022 · Gross margin: +39.6%2023 · Gross margin: +39.0%2024 · Gross margin: +40.3%2025 · Gross margin: +39.1%2018 · Operating margin: +6.8%2019 · Operating margin: +8.4%2020 · Operating margin: +12.1%2021 · Operating margin: +12.7%2022 · Operating margin: +7.3%2023 · Operating margin: +12.5%2024 · Operating margin: +8.5%2025 · Operating margin: +8.2%2018 · Net margin: +19.6%2019 · Net margin: +6.7%2020 · Net margin: +11.3%2021 · Net margin: +10.9%2022 · Net margin: +6.8%2023 · Net margin: +12.4%2024 · Net margin: +9.1%2025 · Net margin: +6.9%20182025
Gross marginOperating marginNet margin
Revenue growth+2.8%2025
-4.1%+3.2%+10.4%+17.7%2019: +11.3%2020: +17.7%2021: +11.0%2022: -2.8%2023: -11.3%2024: +15.2%2025: +2.8%20182025
Shares outstanding78.3M2025
19.8M39.6M59.3M79.1M2018: 75.2M2019: 77.3M2020: 79M2021: 79.1M2022: 78.2M2023: 78.2M2024: 78.4M2025: 78.3M20182025
Valuation82.92025
20.741.562.282.92018 · P/E: 9.92019 · P/E: 49.92020 · P/E: 42.22021 · P/E: 42.32022 · P/E: 34.22023 · P/E: 39.32024 · P/E: 51.02025 · P/E: 82.92018 · P/S: 2.02019 · P/S: 3.32020 · P/S: 4.82021 · P/S: 4.62022 · P/S: 2.32023 · P/S: 4.92024 · P/S: 4.72025 · P/S: 5.720182025
P/EP/S

Next catalyst

Catalysts

Earnings
2027-02-03
Revenue est. $283.7M · Updated 3h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20263.07$1B+32%6
FY 20273.98$1.2B+59%7
FY 20285.87$1.6B+103%3
Q3 20260.86$271.1M+34%5
Q4 20260.81$278.3M+29%6
Q1 20270.88$290.5M+28%5

Company events

6
2027-02-03EarningsActual - / Estimate 0.8-
2026-10-28Earnings · After market closeActual 1.04 / Estimate 0.86Beat
2026-07-29EarningsActual 0.82 / Estimate 0.61Beat
2026-04-29EarningsActual 0.56 / Estimate 0.45Beat
2026-02-04EarningsActual 0.46 / Estimate 0.35Beat
2025-10-29EarningsActual 0.33 / Estimate 0.25Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering FORM have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings59143
Analysts1316
Buy / hold / sell29 / 30 / 071 / 72 / 0
Upgrades / downgrades / initiations5 / 2 / 48 / 4 / 5
Price targets hit / missed25 / 24 (51%)89 / 24 (79%)
Avg. return after a rating (TipRanks)+9.1%+80.1%
Best / worst call+140.7% / -49.4%+339.6% / -49.4%

After buy calls on this stock: median 21-day move +3.4% vs S&P 500 +0.4% (n = 74)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Christian SchwabCraig-Hallum75% hit rate on this stock · 8 targets measuredBuytarget $175Jul 30, 2026
  2. Craig EllisB. Riley Securities63% hit rate on this stock · 8 targets measuredBuytarget $150Oct 29, 2026

Latest ratings

DateAnalystCallTarget
Oct 29, 2026Craig EllisB. Riley SecuritiesBuyMaintained$150
Oct 29, 2026Charles ShiNeedhamHoldMaintained–
Oct 28, 2026Elizabeth SunCitiBuyMaintained$165
Oct 28, 2026Matthew PriscoCantor FitzgeraldBuyReiterated$175
Oct 29, 2026Krish SankarTD CowenHoldMaintained$110
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$60.00$80.00$100$120$140$160Nov 25 · Buy 5 · Hold 6 · Sell 0Nov 25Dec 25 · Buy 5 · Hold 6 · Sell 0Jan 26 · Buy 5 · Hold 7 · Sell 0Jan 26Feb 26 · Buy 5 · Hold 6 · Sell 0Mar 26 · Buy 5 · Hold 6 · Sell 0Mar 26Apr 26 · Buy 2 · Hold 8 · Sell 0May 26 · Buy 3 · Hold 7 · Sell 0May 26Jun 26 · Buy 5 · Hold 5 · Sell 0Jul 26 · Buy 5 · Hold 4 · Sell 0Jul 26Aug 26 · Buy 5 · Hold 4 · Sell 0Sep 26 · Buy 6 · Hold 4 · Sell 0Sep 26Oct 26 · Buy 6 · Hold 4 · Sell 0Nov 25 · avg. target $55.44Dec 25 · avg. target $57.00Jan 26 · avg. target $65.22Feb 26 · avg. target $78.70Mar 26 · avg. target $78.70Apr 26 · avg. target $138May 26 · avg. target $142Jun 26 · avg. target $142Jul 26 · avg. target $143Aug 26 · avg. target $143Sep 26 · avg. target $150Oct 26 · avg. target $148Nov 25 · month-end close $55.02Dec 25 · month-end close $55.78Jan 26 · month-end close $70.49Feb 26 · month-end close $98.88Mar 26 · month-end close $96.99Apr 26 · month-end close $136May 26 · month-end close $125Jun 26 · month-end close $160Jul 26 · month-end close $106Aug 26 · month-end close $101Sep 26 · month-end close $149Oct 26 · month-end close $98.51

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 29, 2026 · 59 ratings

Frequently asked questions

Where can I trade FORM perpetual futures?

FormFactor, Inc. (FORM) perpetual futures trade on 1 crypto venues, including BingX. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade FORM around the clock?

Yes. Unlike the underlying stock, FORM perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on FORM perpetuals?

Right now the FORM perp funding rate is +5.5% annualized (venue median), ranging from +5.5% to +5.5% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the FORM perp price compare to the FormFactor, Inc. stock?

The venue-median FORM perp mark is $91.1 versus a reference stock price of $91.1, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a FORM perpetual future?

A FORM perpetual is a derivative that tracks the price of FormFactor, Inc. with no expiry date. It lets you take long or short exposure to FormFactor, Inc. on crypto venues, around the clock.

What is FORMUSDT perpetual?

FORMUSDT is the symbol most crypto exchanges use for the FormFactor, Inc. perpetual settled in USDT (Tether). It tracks the FORM share price through an index, trades 24/7 with leverage and never expires.

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