FRMM revenueQ2 2026$1.36M
- QoQ
- -52.3%
FRMM revenue was $1.36M in fiscal Q2 2026 (ended Jun 30, 2026), down 52.3% from the prior quarter. For the full fiscal 2025 it was $6.55M.
Forum Markets Incorporated (FRMM) financials
For the twelve months ended Jun 30, 2026, Forum Markets Incorporated reported $10.77M of revenue and -$535.51M of net income.
- Revenue, TTM
- $10.77M
- Net income, TTM
- -$535.51M
- Net margin
- -4971.7%
- Cash
- $4.10M
- Total debt
- $17.21M
- P/S
- 3.53
- Market cap
- $38.0M
FY2017FY2025
FY2017FY2025
FRMM revenue and earnings growth
FRMM net incomeQ2 2026-$12.82M
FRMM net income was -$12.82M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.73M a year earlier. For the full fiscal 2025 it was -$450.52M, compared with -$14.18M in fiscal 2024.
FRMM EPSQ2 2026-$0.73
FRMM diluted EPS was -$0.73 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$54.32.
FRMM free cash flowQ2 2026-$12.44M
FRMM free cash flow was -$12.44M in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$270.33M.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.55M | - | - | - | - | - | $73.0K | $2.02M | $663.0K |
| Research and development | - | $1.40M | $2.30M | $2.19M | $1.00M | $2.22M | $1.98M | - | - |
| Selling, general and admin | $240.00M | $4.42M | $10.65M | $15.46M | $11.23M | $3.17M | $5.61M | $599.1K | $343.9K |
| Operating income | -$233.45M | -$4.42M | -$13.48M | -$17.90M | -$15.64M | -$5.65M | -$20.86M | -$599.1K | -$343.9K |
| Interest expense | - | - | $44.8K | $28.2K | $25.4K | $184.6K | - | - | - |
| Pre-tax income | -$443.53M | -$2.61M | -$22.28M | -$39.67M | -$20.35M | -$10.90M | -$25.40M | $1.45M | $319.1K |
| Income tax | - | $2.0K | -$2.35M | -$942.7K | -$23.2K | -$20.4K | -$9.5K | $413.2K | $195.4K |
| Net income | -$450.52M | -$14.18M | -$19.94M | -$38.73M | -$20.32M | -$10.88M | -$25.39M | $1.04M | $123.8K |
| EPS, basic | -$54.32 | -$28.56 | -$52.59 | -$7356.42 | -$4924.80 | -$250.80 | -$874.00 | $95.00 | $15.20 |
| EPS, diluted | -$54.32 | -$28.56 | -$52.59 | -$7356.42 | -$4924.80 | -$250.80 | -$874.00 | $26.60 | $3.80 |
| Diluted shares | 8.2M | 91,537 | 379,089 | - | 82,514.313 | 47,773.832 | 29,040.234 | 39,151.316 | 24,829.145 |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $8.02M | $4.57M | $1.71M | $6.97M | $8.22M | $2.11M | $83.4K | $567.2K | $428.4K |
| Short-term investments | $4.41M | - | - | - | - | - | - | - | - |
| Current assets | $13.57M | $5.14M | $3.64M | $8.93M | $11.20M | $4.01M | $748.3K | $270.9K | $470.3K |
| Goodwill | - | - | $0 | $0 | $36.99M | $36.90M | $36.42M | - | - |
| Total assets | $306.30M | $12.76M | $5.26M | $19.65M | $62.71M | $55.53M | $51.88M | $118.44M | $117.06M |
| Current liabilities | $40.93M | $3.50M | $5.06M | $5.66M | $19.70M | $21.42M | $9.64M | $546.1K | $208.1K |
| Short-term debt | - | $13.0K | $12.9K | $1.31M | - | - | - | - | - |
| Total liabilities | $66.88M | $3.51M | $5.39M | $8.31M | $23.39M | $25.25M | $13.31M | $4.57M | $4.23M |
| Shareholders' equity | $239.42M | $9.25M | -$127.0K | $11.34M | $39.32M | $30.29M | $38.57M | -$7.68M | $5.00M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$26.05M | -$1.17M | -$10.92M | -$12.13M | -$19.37M | -$3.87M | -$3.32M | -$789.2K | -$497.4K |
| Capital expenditures | $244.28M | - | - | - | - | - | - | - | - |
| Free cash flow | -$270.33M | - | - | - | - | - | - | - | - |
| Investing cash flow | -$127.63M | - | - | - | - | $14.49M | -$708.1K | $474.9K | -$115.92M |
| Financing cash flow | $158.15M | $4.03M | $5.91M | $10.87M | $25.41M | -$8.73M | -$106.51M | $156.8K | $116.78M |
| Share repurchases | $46.26M | - | - | - | - | - | - | - | - |
| Stock-based compensation | $213.45M | $280.0K | $2.19M | $2.63M | - | $1.12M | $340.4K | - | - |
| Depreciation and amortization | - | $58.3K | $105.7K | - | - | - | - | - | - |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | - | - | - | - | - | -96.4% | 204.1% | - |
| Net income growth, YoY | - | - | - | - | - | - | - | 740.7% | - |
| Operating margin | -3565.8% | - | - | - | - | - | -28579.8% | -29.7% | -51.9% |
| Net margin | -6881.3% | - | - | - | - | - | -34786.4% | 51.6% | 18.7% |
| Free cash flow margin | -4129.0% | - | - | - | - | - | - | - | - |
| Return on equity | -188.2% | -153.3% | - | -341.4% | -51.7% | -35.9% | -65.8% | - | 2.5% |
| Return on assets | -147.1% | -111.1% | -379.0% | -197.1% | -32.4% | -19.6% | -48.9% | 0.9% | 0.1% |
| Current ratio | 0.33 | 1.47 | 0.72 | 1.58 | 0.57 | 0.19 | 0.08 | 0.50 | 2.26 |
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.36M | $2.86M | $2.44M | $4.11M | - | - | - | - | - | - | - | - |
| Cost of revenue | $967.0K | $506.0K | - | - | - | - | - | - | - | - | - | - |
| Gross profit | $398.0K | $2.35M | - | - | - | - | - | - | - | - | - | - |
| Research and development | - | - | - | - | $182.4K | $240.9K | $296.3K | $251.6K | $118.9K | $365.2K | -$36.1K | $972.1K |
| Selling, general and admin | $10.34M | $7.49M | $12.04M | $224.60M | $1.35M | $1.97M | $947.0K | $596.2K | $1.59M | $1.56M | $1.44M | $2.43M |
| Operating income | -$9.94M | -$4.63M | -$9.61M | -$220.49M | -$1.35M | -$1.97M | -$947.0K | -$596.2K | -$1.85M | -$2.09M | -$1.45M | -$3.54M |
| Interest expense | $238.0K | $1.00M | - | - | - | - | - | - | - | $16.4K | $10.0K | $11.6K |
| Pre-tax income | -$12.42M | -$77.53M | -$231.52M | -$208.67M | -$1.35M | -$1.96M | -$953.3K | -$532.4K | $11.8K | -$1.07M | -$1.23M | -$12.61M |
| Income tax | - | - | - | - | - | - | - | - | - | - | -$4.4K | -$2.35M |
| Net income | -$12.82M | -$76.26M | -$229.68M | -$216.74M | -$1.73M | -$2.37M | -$12.29M | -$836.7K | $11.8K | -$1.07M | -$1.23M | -$10.27M |
| EPS, basic | -$0.73 | -$3.64 | - | -$16.80 | -$2.36 | -$5.54 | - | -$5.43 | $0.01 | -$1.68 | - | -$24.53 |
| EPS, diluted | -$0.73 | -$3.64 | - | -$16.80 | -$2.36 | -$5.54 | - | -$5.43 | $0.01 | -$1.68 | - | -$24.53 |
| Diluted shares | 17.1M | 21.3M | - | 12.4M | 570,813 | 353,933 | - | 98,064 | 919,141 | 638,339 | - | 418,524 |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.10M | $65.91M | $8.02M | $53.31M | $2.18M | $3.68M | $4.57M | $150.1K | $1.15M | $676.0K | $1.71M | $2.66M |
| Short-term investments | $43.97M | $31.77M | $4.41M | $8.83M | - | - | - | - | - | - | - | - |
| Receivables | $1.02M | $375.0K | - | - | - | - | - | - | - | - | - | - |
| Current assets | $14.19M | $82.53M | $13.57M | $561.95M | $3.09M | $4.03M | $5.14M | $1.23M | $2.35M | $1.85M | $3.64M | $3.37M |
| Goodwill | - | - | - | - | - | - | - | - | - | - | $0 | - |
| Total assets | $159.03M | $207.61M | $306.30M | $1.01B | $10.71M | $11.65M | $12.76M | $10.47M | $3.91M | $3.44M | $5.26M | $4.96M |
| Current liabilities | $5.28M | $13.32M | $40.93M | $55.79M | $5.33M | $3.94M | $3.50M | $6.38M | $4.02M | $4.08M | $5.06M | $4.81M |
| Short-term debt | $2.94M | - | - | - | - | - | $13.0K | - | - | - | $12.9K | - |
| Long-term debt | $14.27M | - | - | - | - | - | - | - | - | - | - | - |
| Total debt | $17.21M | - | - | - | - | - | - | - | - | - | - | - |
| Total liabilities | $31.23M | $39.27M | $66.88M | $564.18M | $5.33M | $3.95M | $3.51M | $6.74M | $4.33M | $4.40M | $5.39M | $5.11M |
| Shareholders' equity | $127.80M | $168.34M | $239.42M | $445.14M | $5.38M | $7.71M | $9.25M | $3.73M | -$418.0K | -$954.5K | -$127.0K | -$149.3K |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$12.44M | -$20.45M | -$7.63M | -$16.04M | -$1.50M | -$887.0K | -$624.8K | -$239.9K | $727.2K | -$1.03M | -$2.16M | -$1.78M |
| Capital expenditures | $0 | $16.81M | $795.2K | - | - | - | - | - | - | - | - | - |
| Free cash flow | -$12.44M | -$37.26M | -$8.43M | - | - | - | - | - | - | - | - | - |
| Investing cash flow | -$17.79M | $71.82M | $124.74M | - | - | - | - | - | - | - | - | - |
| Financing cash flow | -$31.57M | $5.50M | -$666.97M | $825.13M | -$5.0K | -$3.0K | $5.04M | -$480.7K | -$264.9K | -$264.4K | $1.47M | $2.45M |
| Share repurchases | - | - | $30.14M | - | - | - | - | - | - | - | - | - |
| Stock-based compensation | $3.81M | $104.0K | $4.52M | $208.24M | $103.0K | $578.0K | $5.2K | - | - | $236.1K | - | - |
| Depreciation and amortization | $936.0K | $473.0K | - | - | - | - | -$3.1K | $13.9K | - | - | $22.7K | $32.7K |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 29.2% | 82.3% | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -728.4% | -162.0% | -394.2% | -5364.6% | - | - | - | - | - | - | - | - |
| Net margin | -939.0% | -2667.5% | -9425.5% | -5273.3% | - | - | - | - | - | - | - | - |
| Free cash flow margin | -911.5% | -1303.4% | -345.9% | - | - | - | - | - | - | - | - | - |
| Current ratio | 2.69 | 6.19 | 0.33 | 10.07 | 0.58 | 1.02 | 1.47 | 0.19 | 0.58 | 0.45 | 0.72 | 0.70 |
| Debt to equity | 0.13 | - | - | - | - | - | - | - | - | - | - | - |
Source: XBRL data Forum Markets Incorporated files with the SEC, latest filing dated Aug 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-20, first reported May 15, 2023; 1-for-19, first reported May 15, 2024.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
FRMM peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| FRMM | $10.77M | - | -$535.51M | -4971.7% | $38.0M |
| AXP | $77.59B | +10.2% | $12.26B | 15.8% | $217.47B |
| SPGI | $17.21B | +18.2% | $4.99B | 29.0% | $136.57B |
| MCO | $8.18B | +9.0% | $2.88B | 35.3% | $88.11B |
| NU | $15.77B | +37.0% | $2.87B | 18.2% | $60.02B |
| RKT | $11.46B | +90.4% | $1.30B | 11.4% | $43.11B |
| COIN | $5.63B | -26.6% | -$701.62M | -12.5% | $36.03B |
| AFRM | $4.59B | +32.7% | $2.01B | 43.9% | $23.06B |
| SYF | $19.31B | +2.6% | $3.33B | 17.3% | $22.80B |
FRMM FAQ
5 questionsWhat is FRMM revenue?
Forum Markets Incorporated (FRMM) reported $10.77M of revenue for the twelve months ended Jun 30, 2026. Revenue for fiscal 2025 was $6.55M.Is FRMM profitable?
No. Forum Markets Incorporated reported a net loss of $535.51M for the twelve months ended Jun 30, 2026.How much cash and debt does FRMM have?
Forum Markets Incorporated reported $4.10M in cash and cash equivalents and $17.21M of debt on its most recent balance sheet in SEC filings.When did FRMM last report financial results?
The latest statements here come from Forum Markets Incorporated's 10-Q filed on Aug 14, 2026, covering the period ended Jun 30, 2026.Where does this FRMM financial data come from?
Quantisnow builds these statements from the structured XBRL data Forum Markets Incorporated files with the SEC. It is provided for information only and is not investment advice.