Private company

FARO TECHNOLOGIES INC

FARO is a Florida corporation founded in 1982 with worldwide headquarters located at 125 Technology Park, Lake Mary, Florida 32746.4 From its latest annual report

Last updated Oct 19, 2026.

Overview

  • IndustryMeasuring & Controlling Devices, NEC2
  • HeadquartersLake Mary, United States2
  • Incorporated inFL3
  • Business address125 Technology Park, Lake Mary, Fl 32746-62043
  • Filer categoryAccelerated filer3
  • Legal formCorporation2
  • LEI529900MFEFNOFP3YR8232
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address250 Technology Park, 32746 Lake Mary, United States2
  • Registered withFlorida Division of Corporations, P920000142472

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FARO is a Florida corporation founded in 1982 with worldwide headquarters located at 125 Technology Park, Lake Mary, Florida 32746.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

54.7%Gross margin5
1.0%Operating margin5
-2.6%Net margin5
-4.6%Revenue growth, 20245
-3.6%Return on equity5
0.28×Debt to equity5
$24.8MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue45¢$155.3M
  • Research and development12¢$40.1M
  • Selling, general and admin41¢$140.6M
  • Income tax2¢$8.1M

Out of $342.4M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending19¢$5.8M
  • Share buybacks33¢$10.0M
  • Kept or used elsewhere48¢$14.8M

Out of $30.6M of cash from operations.5

Financial statements

Revenue67895$342.4M in 2024−15% since 2018
0$200.0M$400.0M$600.0M2018: $403.6M$403.6M20182019: $381.8M$381.8M2019−5%2020: $303.8M$303.8M2020−20%2021: $337.8M$337.8M2021+11%2022: $345.8M$345.8M2022+2%2023: $358.8M$358.8M2023+4%2024: $342.4M$342.4M2024−5%
Gross profit67895$187.2M in 2024−16% since 2018
0$100.0M$200.0M$300.0M2018: $221.6M$221.6M20182019: $198.1M$198.1M2019−11%2020: $159.8M$159.8M2020−19%2021: $183.9M$183.9M2021+15%2022: $175.8M$175.8M2022−4%2023: $165.0M$165.0M2023−6%2024: $187.2M$187.2M2024+13%
Operating income67895$3.3M in 2024−42% since 2018
-$60.0M-$40.0M-$20.0M0$20.0M2018: $5.8M$5.8M20182019: -$58.6M-$58.6M20192020: -$30.7M-$30.7M2020−48%2021: -$8.4M-$8.4M2021−73%2022: -$24.9M-$24.9M2022+195%2023: -$49.5M-$49.5M2023+99%2024: $3.3M$3.3M2024
Net income67895-$9.1M in 2024
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2018: $4.9M$4.9M20182019: -$62.1M-$62.1M20192020: $629.0K$629.0K20202021: -$40.0M-$40.0M20212022: -$26.8M-$26.8M2022−33%2023: -$56.6M-$56.6M2023+111%2024: -$9.1M-$9.1M2024−84%
Fiscal year2018201920202021202220232024
Revenue$403.6M6$381.8M7$303.8M8$337.8M9$345.8M5$358.8M5$342.4M5
Cost of revenue$182.1M6$183.6M7$143.9M8$153.9M9$170.0M5$193.8M5$155.3M5
Gross profit$221.6M6$198.1M7$159.8M8$183.9M9$175.8M5$165.0M5$187.2M5
Research and development$46.1M6$44.2M7$42.9M8$48.8M9$49.4M5$41.8M5$40.1M5
Selling, general and admin$169.7M6$177.4M7$131.8M8$136.2M9$146.7M5$157.3M5$140.6M5
Operating expenses$192.4M9$200.7M5$214.5M5$183.8M5
Operating income$5.8M6-$58.6M7-$30.7M8-$8.4M9-$24.9M5-$49.5M5$3.3M5
Interest$486.0K6$781.0K7$07$55.0K7
Income before tax-$8.6M9-$21.7M5-$54.1M5-$934.0K5
Income tax-$372.0K6$1.1M7-$31.4M8$31.4M9$5.1M5$2.5M5$8.1M5
Net income$4.9M6-$62.1M7$629.0K8-$40.0M9-$26.8M5-$56.6M5-$9.1M5
Earnings per share$0.296-$3.587$0.048-$2.209-$1.465-$2.995-$0.475
Earnings per share (diluted)$0.296-$3.587$0.048-$2.209-$1.465-$2.995-$0.475
Shares (weighted, basic)18.2M shares918.3M shares518.9M shares519.2M shares5
Shares (weighted, diluted)18.2M shares918.3M shares518.9M shares519.2M shares5

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Leadership

Who has led FARO TECHNOLOGIES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jay Freeland2007–2015
  2. Simon Raab2015–2019
  3. Michael D. Burger2019–2023

Chair

  1. Yuval Wasserman2023–now

President

  1. Jay Freeland2010–2015
  2. Simon Raab2015–2019
  3. Michael D. Burger2019–2023

Chief financial officer

  1. Keith S. Bair2006–2014
  2. Peter Abram2014
  3. Laura Murphy2015–2016
  4. Robert E. Seidel Jr.2017–2019
  5. Allen L. Muhich2019–2023
  6. Matthew Horwath2024–now

Chief operating officer

  1. Kathleen Hall2017–2019
2010201520202025
Board members and other officers (33)

Timeline

  1. Jun 19, 2019New chief executive Michael D. Burger becomes CEO14
  2. Dec 8, 2015New chief executive Simon Raab becomes CEO15
  3. Mar 20, 2007New chief executive Jay Freeland becomes CEO16

Filings

252 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 39 major events, 110 insider forms, 25 large holders, 63 other. The latest 20:

  1. Jul 31, 202515-12G EDGAR
  2. Jul 25, 20258-K/A EDGAR
  3. Jul 24, 2025SCHEDULE 13D/A EDGAR
  4. Jul 23, 2025EFFECT EDGAR
  5. Jul 21, 20254 EDGAR
  6. Jul 21, 20254 EDGAR
  7. Jul 21, 20254 EDGAR
  8. Jul 21, 20254 EDGAR
  9. Jul 21, 20254 EDGAR
  10. Jul 21, 20254 EDGAR
  11. Jul 21, 20254 EDGAR
  12. Jul 21, 20254 EDGAR
  13. Jul 21, 20254 EDGAR
  14. Jul 21, 202525-NSE EDGAR
  15. Jul 21, 2025S-8 POS EDGAR
  16. Jul 21, 2025S-8 POS EDGAR
  17. Jul 21, 2025S-8 POS EDGAR
  18. Jul 21, 2025S-8 POS EDGAR
  19. Jul 21, 2025S-8 POS EDGAR
  20. Jul 21, 2025POS AM EDGAR

The 252 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

34 open-market trades by officers, directors and large owners since October 2021: 15 buys and 19 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 18, 2025Horwath MatthewSVP & Chief Financial OfficerSale166$28.40$4.7KForm 4
Mar 7, 2025Horwath MatthewSVP & Chief Financial OfficerSale1,480$29.30$43.4KForm 4
Mar 7, 2025LAU PETER JAMESPresident and CEOSale4,617$29.30$135.3KForm 4
Mar 5, 2025Horwath MatthewSVP & Chief Financial OfficerSale439$30.63$13.4KForm 4
Feb 5, 2025WASSERMAN YUVALDirectorSale5,658$31.35$177.4KForm 4
Dec 3, 2024Horwath MatthewSVP & Chief Financial OfficerSale645$26.13$16.9KForm 4
Nov 6, 2024WASSERMAN YUVALDirectorSale5,750$19.21$110.5KForm 4
Nov 5, 2024WASSERMAN YUVALDirectorSale6,222$17.75$110.4KForm 4
Sep 6, 2024LAU PETER JAMESPresident and CEOSale5,435$16.67$90.6KForm 4
Jul 30, 2024WASSERMAN YUVALDirectorSale12,334$16.90$208.4KForm 4
Jul 26, 2024LAU PETER JAMESPresident and CEOSale10,647$17.19$183.0KForm 4
Jun 17, 2024WASSERMAN YUVALDirectorSale10,149$16.52$167.7KForm 4
Jun 14, 2024WASSERMAN YUVALDirectorSale10,075$16.64$167.6KForm 4
Jun 13, 2024WASSERMAN YUVALDirectorSale9,539$17.57$167.6KForm 4
Jun 12, 2024Horwath MatthewSVP & Chief Financial OfficerSale175$18.65$3.3KForm 4
Jun 12, 2024SEXTON JEFFREY DSenior VP of Global SalesSale651$18.65$12.1KForm 4
Jun 12, 2024WASSERMAN YUVALDirectorSale8,986$18.65$167.6KForm 4
Mar 13, 2024Horwath MatthewSVP & Chief Financial OfficerSale778$20.06$15.6KForm 4
Mar 13, 2024SEXTON JEFFREY DSenior VP of Global SalesSale1,500$20.06$30.1KForm 4
Nov 9, 2023DAVERN ALEXANDER MDirectorBuy15,881$17.17$272.7KForm 4

All 34 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

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