Principles of Consolidation

3 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Principles of Consolidation

PRINCIPLES OF CONSOLIDATION

Our condensed consolidated financial statements include the accounts of FARO Technologies, Inc. and its wholly owned subsidiaries (collectively “FARO,” the “Company,” “us,” “we” or “our”). All intercompany transactions and balances have been eliminated. The financial statements of our foreign subsidiaries are translated into U.S. dollars using exchange rates in effect at period-end for assets and liabilities and average exchange rates during each reporting period for results of operations. Translation adjustments are reflected as a separate component of accumulated other comprehensive loss, while foreign currency transaction gains and losses are included in net income (loss).