FORUM MARKETS Inc
FRMM Nasdaq· Finance Services
Last close · Oct 26, 2026
$3.38
KIRA · Stoqly’s AI analyst, in plain words
- FORUM MARKETS Inc had $6.5M of revenue in fiscal 2025.
- Its operating margin was −3,565.8%: of every 100 in sales, about −3,566 is left after running the business.
- FORUM MARKETS Inc lost $451M in fiscal 2025.
- Free cash flow was −$270M in fiscal 2025, −4,129.0% of revenue.
- FORUM MARKETS Inc returned $46.3M to shareholders in fiscal 2025. The diluted share count rose 8,823.1%.
Market cap
$57.7M
P/E
—
Revenue
$6.5M
Net income
−$451M
Free cash flow
−$270M
Operating margin
−3,565.8%
FORUM MARKETS Inc in 30 seconds · fiscal 2025
Does it make a profit?
−6,881.3%
No. It lost money last year.
Does profit turn into cash?
−4,129.0%
No. It spent more cash than it brought in.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What FORUM MARKETS Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Apr 1, 2026
- Legal name
- FORUM MARKETS Inc
- CIK
- 0001690080
FORUM MARKETS Inc · FRMM
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | — | — | — | — | $6.5M |
| Operating margin | — | — | — | — | −3,565.8% |
| Net income | −$20.3M | −$38.7M | −$19.9M | −$14.2M | −$451M |
| Net margin | — | — | — | — | −6,881.3% |
| Diluted EPS | −$12.96 | −$387.18 | −$52.59 | −$28.56 | −$54.32 |
| Cash | |||||
| Cash from operations | −$19.4M | −$12.1M | −$10.9M | −$1.2M | −$26.1M |
| Capital expenditure | — | — | — | — | $244M |
| Free cash flow | — | — | — | — | −$270M |
| FCF margin | — | — | — | — | −4,129.0% |
| Share buybacks | — | — | — | — | $46.3M |
| Share count change | 72.7% | — | — | −75.9% | 8,823.1% |
| Debt and strength | |||||
| Cash and short-term investments | $8.2M | $7.0M | $1.7M | $4.6M | $12.4M |
| Debt incl. finance leases | — | $1.3M | $0.0M | $0.0M | — |
| Deposits | — | — | — | — | $262M |
| Shareholders' equity | $39.3M | $11.3M | −$0.1M | $9.3M | $239M |
| Current ratio | 0.6x | 1.6x | 0.7x | 1.5x | 0.3x |
| Interest coverage | −615.8x | −634.7x | −300.8x | −8,838.0x | — |
| Returns and quality | |||||
| Return on capital | — | −248.8% | — | −74.3% | — |
| Return on equity | −58.4% | −152.9% | −355.4% | −310.8% | −362.3% |
| Return on tangible equity | −5,266.8% | −399.9% | — | −160.4% | −185.3% |
| Piotroski F-score | — | — | — | 5 | — |
| Altman Z'' | −4.4 | −21.4 | −98.0 | −34.9 | −8.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.6M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FORUM MARKETS Inc · FRMM
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $3.38 a share, the company is worth $57.7M.
Source: SEC EDGAR XBRL filings (CIK 0001690080). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.