Skip to content
stoqly
en

Popular

All languages

Figures come from SEC filings, which are in English. Company and industry names stay as filed.

$ USD

Popular

All currencies

Data is in US dollars, converted at the ECB reference rate of Oct 23, 2026.

FORUM MARKETS Inc

FRMM Nasdaq Finance Services Financials FY2017โ€“FY2025

Last close ยท Oct 23, 2026

$3.38

1.5%
Compare
Revenue Total sales reported in the income statement.
$6.5M
vs prior year
Operating margin Operating income as a share of revenue.
โˆ’3,565.8%
Net income Profit after all expenses, interest and tax.
โˆ’$451M
Free cash flow Cash from operations minus capital spending.
โˆ’$270M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ€”
Market cap Last close times the latest diluted share count, so it is approximate.
$57.7M
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
โ€”
On โˆ’$50.79 EPS (TTM)

What FORUM MARKETS Inc does

No business description yet.

Legal name
FORUM MARKETS Inc
Fiscal year ends
December 31, 2025
Latest annual report
10-K ยท Apr 1, 2026
Accession ยท CIK
0001213900-26-037888
0001690080

Revenue and margins

FORUM MARKETS Inc had $6.5M of revenue in fiscal 2025.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was โˆ’$270M in fiscal 2025, โˆ’4,129.0% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

FORUM MARKETS Inc returned $46.3M to shareholders in fiscal 2025. The diluted share count rose 8,823.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Balance sheet

Cash, debt and the ratios that show how comfortably FORUM MARKETS Inc can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $8.2M$7.0M$1.7M$4.6M$12.4M
Debt incl. finance leases โ€”$1.3M$0.0M$0.0Mโ€”
Debt / equity โ€”0.1xโ€”0.0xโ€”
Interest coverage โˆ’615.8xโˆ’634.7xโˆ’300.8xโˆ’8,838.0xโ€”
Current ratio 0.6x1.6x0.7x1.5x0.3x
Quick ratio 0.6x1.6x0.7x1.5x0.3x
Total assets $62.7M$19.7M$5.3M$12.8M$306M
Total liabilities $23.4M$8.3M$5.4M$3.5M$66.9M
Shareholders' equity $39.3M$11.3Mโˆ’$0.1M$9.3M$239M
Net debt (โˆ’ = net cash) โ€”โˆ’$5.7Mโˆ’$1.7Mโˆ’$4.6Mโ€”

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โ€œPlanโ€ marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

โ€”

$0.0M

No open-market insider trades in the last 12 months.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8โ€“9 is strong, 0โ€“2 weak.

TestFY17FY18FY19FY20FY21FY22FY23FY24FY25
Net income is positive โœ“ โœ“ โœ• โœ• โœ• โœ• โœ• โœ• โœ•
Cash from operations is positive โœ• โœ• โœ• โœ• โœ• โœ• โœ• โœ• โœ•
Return on assets rose โ€” โœ“ โœ• โœ“ โœ• โœ• โœ• โœ“ โœ•
Cash from operations exceeds net income โœ• โœ• โœ“ โœ“ โœ“ โœ“ โœ“ โœ“ โœ“
Debt fell relative to assets โ€” โ€” โ€” โ€” โ€” โ€” โœ“ โœ“ โ€”
Current ratio rose โ€” โœ• โœ• โœ“ โœ“ โœ“ โœ• โœ“ โœ•
Share count didn't rise โ€” โœ• โœ“ โœ• โœ• โ€” โ€” โœ“ โœ•
Gross margin rose โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€”
Revenue rose relative to assets โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€”
F-score โ€” / 3โ€” / 6โ€” / 6โ€” / 6โ€” / 6โ€” / 5โ€” / 65 / 7โ€” / 6
Accruals ratio 0.5%1.6%โˆ’25.9%โˆ’13.1%โˆ’1.6%โˆ’64.6%โˆ’72.4%โˆ’144.4%โˆ’266.1%
Altman Z'' 1.24โˆ’1.78โˆ’3.14โˆ’4.32โˆ’4.37โˆ’21.41โˆ’97.95โˆ’34.86โˆ’8.25

9 years of figures

Amounts in USD. Hover a ratioโ€™s name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” $6.5M
Research and development โ€” โ€” $2.0M $2.2M $1.0M $2.2M $2.3M $1.4M โ€”
Operating income โˆ’$0.3M โˆ’$0.6M โˆ’$20.9M โˆ’$5.6M โˆ’$15.6M โˆ’$17.9M โˆ’$13.5M โˆ’$4.4M โˆ’$233M
Interest expense โ€” โ€” $0.2M $0.2M $0.0M $0.0M $0.0M $0.0M โ€”
Pretax income $0.3M $1.5M โˆ’$25.4M โˆ’$10.9M โˆ’$20.3M โˆ’$39.7M โˆ’$22.3M โˆ’$2.6M โˆ’$444M
Income tax $0.2M $0.4M โˆ’$0.0M โˆ’$0.0M โˆ’$0.0M โˆ’$0.9M โˆ’$2.3M $0.0M โ€”
Net income $0.1M $1.0M โˆ’$25.4M โˆ’$10.9M โˆ’$20.3M โˆ’$38.7M โˆ’$19.9M โˆ’$14.2M โˆ’$451M
Net income to common โ€” โ€” โˆ’$25.4M โˆ’$12.0M โˆ’$20.3M โˆ’$38.7M โˆ’$19.9M โˆ’$2.6M โˆ’$444M
Diluted EPS $0.01 $0.07 โˆ’$0.02 โˆ’$0.66 โˆ’$12.96 โˆ’$387.18 โˆ’$52.59 โˆ’$28.56 โˆ’$54.32
Diluted shares 0.01B 0.01B 0.00B 0.02B 0.03B โ€” 0.00B 0.00B 0.01B
Cash flow
Cash from operations โˆ’$0.5M โˆ’$0.8M โˆ’$3.3M โˆ’$3.9M โˆ’$19.4M โˆ’$12.1M โˆ’$10.9M โˆ’$1.2M โˆ’$26.1M
Capital expenditure โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” $244M
Free cash flow โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” โˆ’$270M
Depreciation and amortization โ€” โ€” โ€” โ€” โ€” โ€” $0.1M $0.1M โ€”
Stock-based compensation โ€” โ€” $0.3M $1.1M $2.9M $2.6M $2.2M $0.3M $213M
Share buybacks โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” $46.3M
Dividends and buybacks โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” $46.3M
Balance sheet
Cash and short-term investments $0.4M $0.6M $0.1M $2.1M $8.2M $7.0M $1.7M $4.6M $12.4M
Total debt โ€” โ€” โ€” โ€” โ€” $1.3M $0.0M $0.0M โ€”
Deposits โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” $262M
Current assets $0.5M $0.3M $0.7M $4.0M $11.2M $8.9M $3.6M $5.1M $13.6M
Current liabilities $0.2M $0.5M $9.6M $21.4M $19.7M $5.7M $5.1M $3.5M $40.9M
Property and equipment, net โ€” โ€” $0.1M โ€” โ€” โ€” โ€” โ€” โ€”
Goodwill โ€” โ€” $36.4M $36.9M $37.0M $0.0M $0.0M โ€” โ€”
Intangible assets โ€” โ€” $2.1M $2.0M $1.9M $1.7M $1.6M $7.6M โ€”
Total assets $117M $118M $51.9M $55.5M $62.7M $19.7M $5.3M $12.8M $306M
Total liabilities $4.2M $4.6M $13.3M $25.2M $23.4M $8.3M $5.4M $3.5M $66.9M
Preferred stock โ€” โ€” โ€” โ€” โ€” โ€” โ€” $0.0M โ€”
Shareholders' equity $5.0M โˆ’$7.7M $38.6M $30.3M $39.3M $11.3M โˆ’$0.1M $9.3M $239M
Margins
Operating margin โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” โˆ’3,565.8%
Net margin โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” โˆ’6,881.3%
FCF margin โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” โˆ’4,129.0%
Returns
Return on capital โ€” โ€” โ€” โ€” โ€” โˆ’248.8% โ€” โˆ’74.3% โ€”
Return on capital employed โˆ’0.3% โˆ’0.5% โˆ’49.4% โˆ’16.6% โˆ’36.4% โˆ’127.9% โˆ’6,844.8% โˆ’47.7% โˆ’88.0%
Return on equity 2.5% โ€” โˆ’164.4% โˆ’31.6% โˆ’58.4% โˆ’152.9% โˆ’355.4% โˆ’310.8% โˆ’362.3%
Return on assets 0.1% 0.9% โˆ’29.8% โˆ’20.3% โˆ’34.4% โˆ’94.0% โˆ’160.1% โˆ’157.4% โˆ’282.4%
Return on tangible equity 2.5% โ€” โˆ’97,669.2% โ€” โˆ’5,266.8% โˆ’399.9% โ€” โˆ’160.4% โˆ’185.3%
Growth
Net income growth โ€” 740.5% โˆ’2,540.6% โ€” โ€” โ€” โ€” โ€” โ€”
EPS growth โ€” 600.0% โˆ’128.6% โ€” โ€” โ€” โ€” โ€” โ€”
Share count change โ€” 57.7% โˆ’71.6% 329.8% 72.7% โ€” โ€” โˆ’75.9% 8,823.1%
Financial health
Debt / equity โ€” โ€” โ€” โ€” โ€” 0.1x โ€” 0.0x โ€”
Interest coverage โ€” โ€” โˆ’128.7x โˆ’30.6x โˆ’615.8x โˆ’634.7x โˆ’300.8x โˆ’8,838.0x โ€”
Current ratio 2.3x 0.5x 0.1x 0.2x 0.6x 1.6x 0.7x 1.5x 0.3x
Quick ratio 2.3x 0.5x 0.1x 0.2x 0.6x 1.6x 0.7x 1.5x 0.3x
Capital allocation
Capex / revenue โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” 3,731.1%
Stock comp / revenue โ€” โ€” โ€” โ€” โ€” โ€” โ€” โ€” 3,260.2%
Quality scores
Piotroski F-score โ€” โ€” โ€” โ€” โ€” โ€” โ€” 5.0 โ€”
Altman Z'' 1.2 โˆ’1.8 โˆ’3.1 โˆ’4.3 โˆ’4.4 โˆ’21.4 โˆ’98.0 โˆ’34.9 โˆ’8.3
Accruals ratio 0.5% 1.6% โˆ’25.9% โˆ’13.1% โˆ’1.6% โˆ’64.6% โˆ’72.4% โˆ’144.4% โˆ’266.1%

Source: SEC EDGAR XBRL filings (CIK 0001690080). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ€” not investment advice. Check the original filings before relying on any figure.

โ†‘ โ†“ to move ยท โ†ต to open