NASDAQ : FRMM
Forum Markets, Incorporated — Financial statements
United States
Last price 3.71 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 48.97M
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Financial statements
Forum Markets, Incorporated (FRMM) reported revenue of 10.77M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 10.77M | 6.55M | ||||
| Gross Profit | 9.30M | 6.55M | ||||
| Selling, General & Admin | 254.00M | 240.00M | 4.42M | 10.69M | 15.47M | 11.69M |
| Research & Development | 2.78M | 2.43M | 3.95M | |||
| Operating Expenses | 254.00M | 240.00M | 4.42M | 13.48M | 17.90M | 15.64M |
| Operating Income | -244.71M | -233.45M | -4.42M | -13.48M | -17.90M | -15.64M |
| Interest Expense | -4.29M | -3.06M | -35.00K | -44.83K | -28.18K | -186.21K |
| Interest & Investment Income | 6.73M | 5.78M | 1.51K | |||
| Other Non Operating Income (Expenses) | -184.00M | -108.77M | 96.40K | 15.14M | -5.44M | |
| EBT Excluding Unusual Items | -426.27M | -339.50M | -4.45M | -13.43M | -2.78M | -21.26M |
| Impairment of Goodwill | -33.55M | |||||
| Gain (Loss) on Sale of Investments | -12.00K | -138.00K | ||||
| Legal Settlements | 1.79M | |||||
| Other Unusual Items | -103.89M | -103.89M | 53.00K | 204.41K | 917.09K | |
| Pretax Income | -530.18M | -443.53M | -2.61M | -22.28M | -39.67M | -20.35M |
| Income Tax Expense | 2.00K | -2.35M | -942.75K | -23.20K | ||
| Earnings From Continuing Operations | -530.18M | -443.53M | -2.61M | -19.94M | -38.73M | -20.32M |
| Earnings From Discontinued Operations | -5.33M | -6.99M | -3.55M | |||
| Net Income | -535.51M | -450.52M | -6.17M | -19.94M | -38.73M | -20.32M |
| Preferred Dividends & Other Adjustments | 8.01M | |||||
| Net Income to Common | -535.51M | -450.52M | -14.18M | -19.94M | -38.73M | -20.32M |
| Shares Outstanding (Basic) | 17.52M | 8.16M | 91.54K | 37.91K | 10.00K | |
| Shares Outstanding (Diluted) | 17.52M | 8.16M | 91.54K | 37.91K | 10.00K | |
| EPS (Basic) | -30.57 | -55.18 | -154.91 | -525.87 | -3,871.85 | |
| EPS (Diluted) | -30.57 | -55.18 | -154.91 | -525.90 | -3,871.85 | |
| Free Cash Flow | -73.37M | -26.05M | -1.17M | -10.92M | -12.13M | -19.37M |
| Free Cash Flow Per Share | -4.19 | -3.19 | -12.79 | -288.12 | -1,212.52 | |
| Gross Margin | 86.32% | 100.00% | ||||
| Operating Margin | -2,271.89% | -3,565.76% | ||||
| Profit Margin | -4,971.75% | -6,881.34% | ||||
| Free Cash Flow Margin | -681.22% | -397.92% | ||||
| EBITDA | -243.27M | -233.39M | -4.36M | -13.37M | -17.79M | -15.53M |
| D&A For EBITDA | 1.44M | 58.28K | 58.28K | 105.67K | 109.00K | 109.95K |
| EBIT | -244.71M | -233.45M | -4.42M | -13.48M | -17.90M | -15.64M |
| Revenue as Reported | 10.77M | 6.55M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.10M | 8.02M | 4.57M | 1.98M | 6.97M | 8.22M |
| Cash & Short-Term Investments | 4.10M | 8.02M | 4.57M | 1.98M | 6.97M | 8.22M |
| Other Receivables | 450.08K | 620.97K | 694.56K | |||
| Receivables | 3.96M | 450.08K | 620.97K | 694.56K | ||
| Prepaid Expenses | 1.30M | 2.29M | 478.00K | 1.21M | 1.34M | 2.28M |
| Restricted Cash | 2.10M | 1.02M | ||||
| Other Current Assets | 2.73M | 2.25M | 97.00K | |||
| Total Current Assets | 14.19M | 13.57M | 5.14M | 3.64M | 8.93M | 11.20M |
| Property, Plant & Equipment | 19.25M | |||||
| Long-Term Investments | 89.68M | 50.13M | ||||
| Goodwill | 36.99M | |||||
| Other Intangible Assets | 1.62M | 1.66M | 1.95M | |||
| Long-Term Deferred Charges | 9.06M | 12.58M | ||||
| Other Long-Term Assets | 21.64M | 242.60M | 7.62M | |||
| Total Assets | 159.03M | 306.30M | 12.76M | 5.26M | 19.65M | 62.71M |
| Accounts Payable | 570.00K | 1.56M | 359.00K | 2.16M | 1.80M | 586.61K |
| Accrued Expenses | 29.00K | 6.38M | 304.00K | 1.82M | 2.35M | 1.68M |
| Short-Term Debt | 251.00K | 1.00K | 1.02M | 1.30M | 1.86M | |
| Current Portion of Long-Term Debt | 31.51M | 12.88K | 11.94K | 54.32K | ||
| Other Current Liabilities | 4.68M | 1.23M | 2.84M | 50.06K | 200.64K | 15.52M |
| Total Current Liabilities | 5.28M | 40.93M | 3.50M | 5.06M | 5.66M | 19.70M |
| Long-Term Debt | 25.95M | 25.95M | 19.94K | 31.19K | 48.16K | |
| Long-Term Deferred Tax Liabilities | 304.66K | 2.62M | 3.64M | |||
| Other Long-Term Liabilities | 7.00K | |||||
| Total Liabilities | 31.23M | 66.88M | 3.51M | 5.39M | 8.31M | 23.39M |
| Common Stock | 1.00K | 2.00K | 54.00 | 20.00 | 170.00 | |
| Additional Paid-In Capital | 812.12M | 834.45M | 153.69M | 130.12M | 121.64M | 107.19M |
| Retained Earnings | -681.13M | -592.04M | -141.52M | -127.34M | -107.41M | -68.68M |
| Comprehensive Income & Other | -3.18M | -2.99M | -2.92M | -2.90M | -2.89M | 817.44K |
| Shareholders' Equity | 127.80M | 239.42M | 9.25M | -127.73K | 11.34M | 39.32M |
| Total Liabilities & Equity | 159.03M | 306.30M | 12.76M | 5.26M | 19.65M | 62.71M |
| Total Debt | 25.95M | 57.71M | 1.00K | 1.05M | 1.34M | 1.96M |
| Net Cash (Debt) | 22.12M | -45.28M | 4.57M | 921.74K | 5.63M | 6.27M |
| Net Cash Per Share | 1.26 | -5.55 | 49.88 | 24.31 | 562.93 | |
| Filing Date Shares Outstanding | 13.20M | 20.31M | 518.58K | 85.28K | 19.72K | 8.97K |
| Total Common Shares Outstanding | 13.21M | 19.01M | 317.70K | 53.47K | 19.72K | 8.96K |
| Working Capital | 8.91M | -27.36M | 1.64M | -1.42M | 3.27M | -8.50M |
| Book Value Per Share | 9.67 | 12.59 | 29.12 | -2.39 | 575.22 | 4,390.16 |
| Tangible Book Value | 127.80M | 239.42M | 9.25M | -1.75M | 9.69M | 385.90K |
| Tangible Book Value Per Share | 9.67 | 12.59 | 29.12 | -32.68 | 491.10 | 43.08 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -535.51M | -450.52M | -6.17M | -19.94M | -38.73M | -20.32M |
| Depreciation & Amortization | 1.41M | 105.67K | 109.00K | 109.95K | ||
| Asset Writedown & Restructuring Costs | 9.06M | 36.89M | ||||
| Loss (Gain) From Sale of Investments | 12.00K | 138.00K | ||||
| Stock-Based Compensation | 216.68M | 213.45M | 280.00K | 2.28M | 2.97M | 5.00M |
| Provision & Write-off of Bad Debts | 300.00K | |||||
| Other Operating Activities | 284.90M | 213.11M | 3.50M | -2.43M | -16.09M | 4.35M |
| Change in Accounts Payable | -449.00K | 1.35M | -149.00K | 286.41K | 1.21M | -5.73M |
| Change in Other Net Operating Assets | -21.82M | -2.81M | 1.39M | -300.51K | 1.51M | -3.08M |
| Operating Cash Flow | -56.56M | -26.05M | -1.17M | -10.92M | -12.13M | -19.37M |
| Capital Expenditures | -16.81M | |||||
| Investment in Securities | -57.05M | -17.63M | ||||
| Other Investing Activities | 17.33M | -110.01M | ||||
| Investing Cash Flow | -73.60M | -127.63M | ||||
| Short-Term Debt Issued | 50.00M | |||||
| Long-Term Debt Issued | 500.00M | 969.32K | 1.06M | 1.62M | ||
| Total Debt Issued | 550.00M | 550.00M | 969.32K | 1.06M | 1.62M | |
| Short-Term Debt Repaid | -51.00M | -81.28K | -441.81K | |||
| Long-Term Debt Repaid | -604.26M | -1.31M | -1.26M | -1.59M | -375.79K | |
| Total Debt Repaid | -655.51M | -655.26M | -1.31M | -1.26M | -1.67M | -817.59K |
| Net Debt Issued (Repaid) | -105.51M | -105.26M | -1.31M | -288.07K | -611.42K | 800.85K |
| Issuance of Common Stock | 315.33M | 309.82M | 5.37M | 6.83M | 12.50M | 26.67M |
| Repurchase of Common Stock | -77.58M | -46.26M | ||||
| Other Financing Activities | -143.00K | -151.00K | -33.00K | -634.82K | -1.01M | -2.06M |
| Financing Cash Flow | 132.09M | 158.15M | 4.03M | 5.91M | 10.87M | 25.41M |
| Foreign Exchange Rate Adjustments | 20.02K | -419.00 | 75.47K | |||
| Net Cash Flow | 1.93M | 4.47M | 2.86M | -4.99M | -1.25M | 6.12M |
| Free Cash Flow | -73.37M | -26.05M | -1.17M | -10.92M | -12.13M | -19.37M |
| Free Cash Flow Margin | -681.22% | -397.92% | ||||
| Free Cash Flow Per Share | -4.19 | -3.19 | -12.79 | -288.12 | -1,212.52 | |
| Levered Free Cash Flow | 37.80M | 66.31M | -1.94M | -6.09M | -20.55M | -5.81M |
| Unlevered Free Cash Flow | 40.48M | 68.22M | -1.92M | -6.06M | -20.53M | -5.70M |
| Cash Interest Paid | 21.72K | 15.06K | 35.35K | |||
| Change in Working Capital | -23.30M | -1.46M | 1.24M | -14.10K | 2.72M | -8.81M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 44.88M | 93.16M | 5.78M | 2.14M | 6.86M | 132.65M |
| Enterprise Value | 22.76M | 577.79M | 6.07M | -167.41K | 3.71M | 121.38M |
| Last Close Price | 3.45 | 4.90 | 18.20 | 40.56 | 644.10 | 14,819.99 |
| PS Ratio | 4.23 | 14.23 | ||||
| PB Ratio | 0.36 | 0.39 | 0.62 | -16.75 | 0.60 | 3.37 |
| P/TBV Ratio | 0.36 | 0.39 | 0.62 | 0.71 | 343.75 | |
| EV/Sales Ratio | 2.17 | 88.25 | ||||
| Debt / Equity Ratio | 0.20 | 0.24 | 0.00 | -8.25 | 0.12 | 0.05 |
| Net Debt / Equity Ratio | -0.17 | 0.19 | -0.49 | 7.22 | -0.50 | -0.16 |
| Net Debt / EBITDA Ratio | 0.09 | -0.19 | 1.05 | 0.07 | 0.32 | 0.40 |
| Net Debt / FCF Ratio | 0.30 | -1.74 | 3.90 | 0.08 | 0.46 | 0.32 |
| Asset Turnover | 0.13 | 0.04 | ||||
| Quick Ratio | 0.97 | 0.20 | 1.30 | 0.48 | 1.34 | 0.45 |
| Current Ratio | 2.69 | 0.33 | 1.47 | 0.72 | 1.58 | 0.57 |
| Return on Equity (ROE) | -796.17% | -356.72% | -57.30% | -355.47% | -152.87% | -58.40% |
| Return on Assets (ROA) | -180.20% | -91.46% | -30.65% | -67.63% | -27.16% | -16.53% |
| Return on Capital Employed (ROCE) | -159.20% | -88.00% | -47.70% | -6,846.20% | -127.90% | -36.40% |
| Earnings Yield | -899.03% | -483.60% | -106.67% | -931.55% | -564.71% | -15.32% |
| FCF Yield | -161.13% | -27.96% | -20.25% | -510.38% | -176.84% | -14.60% |
| Buyback Yield / Dilution | -6,030.98% | -8,819.50% | -141.47% | -279.01% |