FORUM MARKETS Inc (FRMM)
It posted a net loss of $535.5M. In fiscal 2025 capital spending exceeded operating cash flow by $270.3M. At June 30, 2026 it held $4.1M in cash against $17.2M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 14, 2026.
Key facts about FORUM MARKETS Inc
- Net worth
- FORUM MARKETS Inc has a market value (market cap) of $38M at the latest share price, and shareholders' equity of $127.8M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $6.5M, with a net loss of $450.5M.
- Cash flow
- In fiscal 2025 operations used $26.1M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 14, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Dividend
- FORUM MARKETS Inc paid dividends of $10.30 per share in fiscal 2018.
What FORUM MARKETS Inc does
FORUM MARKETS Inc is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker FRMM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $6.5M | -$450.5M | -$54.32 | -$270.3M |
| 2024 | n/a | -$14.2M | -$28.56 | n/a |
| 2023 | n/a | -$19.9M | -$96.96 | n/a |
| 2022 | n/a | -$38.7M | -$713.87 | n/a |
| 2021 | n/a | -$20.3M | -$498.75 | n/a |
| 2020 | n/a | -$10.9M | -$506.42 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where FRMM ranks in Finance
Dividends
FORUM MARKETS Inc paid $10.30 per share in fiscal 2018.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2018 | $10.30 | n/a | n/a |
Latest SEC filings
What FORUM MARKETS Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 5, 2026Material agreement8-KForum Markets formed an AI infrastructure joint venture with Edge Node and announced 2027 revenue guidance of $125 million to $175 million.
- August 21, 2026
- August 19, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 14, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- July 30, 2026
- July 16, 2026
- July 9, 2026Additional proxy material DEFA14A
Insider trades
What the people running FORUM MARKETS Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 1, 2026 | Saunders John TazewellChief Financial Officer | Shares withheld for tax | 16,151 | $83.3K |
| August 1, 2026 | Rudisill McAndrewChief Executive Officer, Director | Shares withheld for tax | 98,174 | $506.6K |
| July 21, 2026 | Lomashuk Konstantin10% owner | Soldindirect | 250,000 | $1.5M |
| July 15, 2026 | Lomashuk Konstantin10% owner | Soldindirect | 2,562 | $16.1K |
| July 9, 2026 | Lomashuk Konstantin10% owner | Soldindirect | 3,387 | $20.8K |
| July 8, 2026 | Lomashuk Konstantin10% owner | Soldindirect | 1,100 | $6.7K |
| July 7, 2026 | Lomashuk Konstantin10% owner | Soldindirect | 3,702 | $23.7K |
| April 2, 2026 | Dalton AngelaDirector | Received as pay | 203,562 | - |
Who owns FRMM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Cyber Citadel13G, passive with 1 related filers | 11.11% | August 14, 2026 |
| Pemble Brian James13G, passive | 10.99% | July 7, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 39 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Stokes Family Office, LLC | 958,275 | +190,475 |
| Vise Technologies, Inc. | 857,141 | new |
| Citadel Advisors LLC | 413,552 | +68,327 |
| Saba Capital Management, L.P. | 371,561 | -109,148 |
| Vanguard Capital Management LLC | 302,063 | +117,676 |
| BlackRock, Inc. | 301,339 | +48,913 |
| Geode Capital Management, LLC | 179,977 | -23,656 |
| UBS Group AG | 169,656 | -158,138 |
| Goldman Sachs Group Inc | 167,047 | +5,292 |
| Morgan Stanley | 144,535 | -7,108 |
| Bank of America Corp | 124,358 | +30,000 |
| Barclays PLC | 97,265 | +1,183 |
| Almitas Capital LLC | 80,408 | 0 |
| Millennium Management LLC | 77,772 | +5,427 |
| State Street Corp | 76,221 | +15,169 |
| Vanguard Fiduciary Trust Co | 71,410 | -8,639 |
| Group One Trading LLC | 68,200 | +34,579 |
| Charles Schwab Investment Management Inc | 64,766 | -4,234 |
| Wealthspire Advisors, LLC | 56,653 | new |
| Jane Street Group, LLC | 56,286 | -55,566 |
Insiders
9 insiders reported holding 5,696,181 shares in total, about $16.4M at the last price.
| Holder | Shares |
|---|---|
| Rudisill McAndrewChief Executive Officer, Director | 2,202,088415,283 held indirectly |
| Lomashuk Konstantin10% owner | 1,226,6381,226,638 held indirectly |
| New Jason GriffinDirector | 460,374218,456 held indirectly |
| Heter Crystal JaneDirector | 424,660182,742 held indirectly |
| Suckling Andrew PDirector | 390,938149,020 held indirectly |
| Saunders John TazewellChief Financial Officer | 342,441 |
| Smith Ryan LewisDirector | 241,918 |
| Dalton AngelaDirector | 203,562 |
| Edwards Michael ADirector | 203,562 |
Questions about FRMM
What does FORUM MARKETS Inc do?
FORUM MARKETS Inc is a company in the Finance sector, listed on NASDAQ as FRMM. Its shares trade on NASDAQ under the ticker FRMM.
What is FORUM MARKETS Inc's net worth?
FORUM MARKETS Inc has a market value (market cap) of $38M at the latest share price, and shareholders' equity of $127.8M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is FORUM MARKETS Inc profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $535.5M.
When did FORUM MARKETS Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 14, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the material agreement from October 5, 2026.
Does FORUM MARKETS Inc pay a dividend?
Yes. FORUM MARKETS Inc paid dividends of $10.30 per share in fiscal 2018.
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Where the numbers come from
Financial figures are the values FORUM MARKETS Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.