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Forum Markets, Incorporated (FRMM)

NASDAQ: FRMM · USD

$3.77

+0.28 (+7.9%)· Recorded snapshot

Market cap	49.8M
Revenue (ttm)	10.8M
Net income (ttm)	-535.5M
EPS (ttm)	-$30.6
Shares out	13.2M
Volume	68,655
Beta	1.50

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 10.8M
Net income (ttm): -535.5M
EPS (ttm): -$30.6
Market cap: 49.8M

Metric	Value
Amount currency	USD
CIK code	0001690080
Company name	Forum Markets, Incorporated
Country	United States
Country code	US
CUSIP number	68236V401
Earnings date	2026-11-12
Earnings time	bmo
Employees	4
Employees change	-1
Employees growth	-20%
Enterprise value	$27.6M
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Industry	Software - Application
Is primary listing	Yes
Is SPAC	No
ISIN number	US68236V4014
Last earnings date	2026-08-13
Last refreshed	2026-10-28
Last stock split date	2025-10-20
Last stock split type	Reverse
Market cap	$49.8M
Market cap category	Nano-Cap
Next earnings date	2026-11-12
Options	Yes
Price	$3.77
Price currency	USD
Sector	Technology
Stock price date	2026-10-28
Symbol	FRMM
U.S. state	Florida
Website	https://www.forum-markets.com

Metric

Value

Amount currency

USD

CIK code

0001690080

Company name

Forum Markets, Incorporated

Country

United States

Country code

CUSIP number

68236V401

Earnings date

2026-11-12

Earnings time

bmo

Employees

Employees change

-1

Employees growth

-20%

Enterprise value

$27.6M

Exchange

NASDAQ

Financial currency

USD

Financial report date

2026-06-30

First seen

2026-05-09

Fiscal year end

December

Industry

Software - Application

Is primary listing

Yes

Is SPAC

ISIN number

US68236V4014

Last earnings date

2026-08-13

Last refreshed

2026-10-28

Last stock split date

2025-10-20

Last stock split type

Reverse

Market cap

$49.8M

Market cap category

Nano-Cap

Next earnings date

2026-11-12

Options

Yes

Price

$3.77

Price currency

USD

Sector

Technology

Stock price date

2026-10-28

Symbol

FRMM

U.S. state

Florida

Website

https://www.forum-markets.com

Metric	Value
Earnings yield	-810.8%
EV/Sales	2.23x
FCF / EV yield	-305.57%
FCF yield	-159.06%
Forward EV/Sales	0.42x
Forward P/S	0.8x
Industry forward P/E	19.55x
Industry P/E	72.09x
P/B ratio	0.36x
P/S ratio	4.28x
Price / tangible book value	0.36x
Sector forward P/E	18.86x
Sector P/E	32.77x

Metric

Value

Earnings yield

-810.8%

EV/Sales

2.23x

FCF / EV yield

-305.57%

FCF yield

-159.06%

Forward EV/Sales

0.42x

Forward P/S

0.8x

Industry forward P/E

19.55x

Industry P/E

72.09x

P/B ratio

0.36x

P/S ratio

4.28x

Price / tangible book value

0.36x

Sector forward P/E

18.86x

Sector P/E

32.77x

Metric	Value
Gross margin	86.32%
Operating margin	-2,271.89%
Pretax margin	-4,922.28%
Profit per employee	$-133.9M
Revenue per employee	$2.7M
ROA	-180.2%
ROA (5Y)	-46.69%
ROCE	-159.16%
ROE	-796.17%
ROE (5Y)	-196.15%
ROIC	-190.53%
SBC / revenue	2,011.73%

Metric

Value

Gross margin

86.32%

Operating margin

-2,271.89%

Pretax margin

-4,922.28%

Profit per employee

$-133.9M

Revenue per employee

$2.7M

ROA

-180.2%

ROA (5Y)

-46.69%

ROCE

-159.16%

ROE

-796.17%

ROE (5Y)

-196.15%

ROIC

-190.53%

SBC / revenue

2,011.73%

Metric	Value
EPS growth quarters	3
EPS growth years	3
Net income growth years	0
Revenue growth (QoQ)	-52.26%
Revenue growth years	0

Metric

Value

EPS growth quarters

EPS growth years

Net income growth years

Revenue growth (QoQ)

-52.26%

Revenue growth years

Metric	Value
Capital expenditures	$-16.8M
Depreciation and amortization	$1.4M
EBIT	$-244.7M
EBITDA	$-243.3M
EPS	$-30.57
FCF per share	$-5.56
Financing cash flow	$132.1M
Free cash flow	$-73.4M
Free cash flow minus SBC	$-290.1M
Gross profit	$9.3M
Investing cash flow	$-73.6M
Net borrowing	$-105.5M
Net cash flow	$1.9M
Net income	$-535.5M
Operating cash flow minus SBC	$-273.2M
Operating income	$-244.7M
Revenue	$10.8M
Stock-based compensation	$216.7M

Metric

Value

Capital expenditures

$-16.8M

Depreciation and amortization

$1.4M

EBIT

$-244.7M

EBITDA

$-243.3M

EPS

$-30.57

FCF per share

$-5.56

Financing cash flow

$132.1M

Free cash flow

$-73.4M

Free cash flow minus SBC

$-290.1M

Gross profit

$9.3M

Investing cash flow

$-73.6M

Net borrowing

$-105.5M

Net cash flow

$1.9M

Net income

$-535.5M

Operating cash flow minus SBC

$-273.2M

Operating income

$-244.7M

Revenue

$10.8M

Stock-based compensation

$216.7M

Metric	Value
Altman Z-Score	-7.87
Book value per share	$9.67
Debt / equity	0.2
Interest coverage	-56.99
Long-term assets	$144.8M
Long-term liabilities	$26M
Net cash (debt)	$22.1M
Net cash / market cap	47.95%
Net cash growth	2,644.56%
Net debt / equity	-0.17
Piotroski F-Score	2
Property, plant and equipment	$19.2M
Shareholders' equity	$127.8M
Tangible book value	$127.8M
Tangible book value per share	$9.67
Total assets	$159M
Total cash	$4.1M
Total debt	$26M
Total liabilities	$31.2M
WACC	12.71%

Metric

Value

Altman Z-Score

-7.87

Book value per share

$9.67

Debt / equity

0.2

Interest coverage

-56.99

Long-term assets

$144.8M

Long-term liabilities

$26M

Net cash (debt)

$22.1M

Net cash / market cap

47.95%

Net cash growth

2,644.56%

Net debt / equity

-0.17

Piotroski F-Score

Property, plant and equipment

$19.2M

Shareholders' equity

$127.8M

Tangible book value

$127.8M

Tangible book value per share

$9.67

Total assets

$159M

Total cash

$4.1M

Total debt

$26M

Total liabilities

$31.2M

WACC

12.71%

Metric	Value
Asset turnover	0.13
Current assets	$14.2M
Current liabilities	$5.3M
Current ratio	2.69
Net working capital	$4.8M
Quick ratio	0.97
Working capital	$8.9M
Working capital turnover	3.23

Metric

Value

Asset turnover

0.13

Current assets

$14.2M

Current liabilities

$5.3M

Current ratio

2.69

Net working capital

$4.8M

Quick ratio

0.97

Working capital

$8.9M

Working capital turnover

3.23

Metric	Value
Buyback yield / dilution	-6,030.98%
Dividend yield	0%
Shareholder yield	-6,030.98%

Metric

Value

Buyback yield / dilution

-6,030.98%

Dividend yield

Shareholder yield

-6,030.98%

Metric	Value
150-day SMA	$4.79
1D price change	7.87%
1M price change	-27.58%
1M total return	-27.58%
1W price change	12.31%
1W total return	12.31%
1Y price change	-82.32%
1Y return CAGR	-82.35%
1Y total return	-82.32%
20-day SMA	$4.00
200-day SMA	$4.52
3M price change	-34.12%
3M total return	-34.12%
3Y price change	-95.5%
3Y return CAGR	-64.42%
3Y total return	-95.5%
50-day SMA	$4.70
50-day SMA vs 200-day SMA	50over200
52-week high	$24.44
52-week high date	2025-10-28
52-week low	$1.76
52-week low date	2026-04-13
5Y price change	-99.98%
5Y return CAGR	-82.07%
5Y total return	-99.98%
6M price change	-32.66%
6M total return	-32.66%
All-time high	$49,572.12
All-time high date	2021-04-12
All-time low	$1.76
All-time low date	2026-04-13
Average true range (ATR)	$0.32
Average volume	142.6K
Beta (1Y)	4.59
Beta (2Y)	2.79
Beta (5Y)	1.5
Change from 52-week high	-84.57%
Change from 52-week low	114.21%
Change from all-time high	-99.99%
Change from all-time low	107.39%
Change from open	4.58%
Day's gap	3.15%
Dollar volume	$258,829
High price	$3.77
Low price	$3.59
Monthly RSI	29.23
Open price	$3.61
Position in 52-week range	100%
Premarket change	2.72%
Premarket close	$3.50
Premarket price	$3.59
Premarket volume	141
Previous close	$3.50
Price vs 150-day SMA	-23.72%
Price vs 20-day SMA	-8.75%
Price vs 200-day SMA	-19.27%
Price vs 50-day SMA	-22.32%
Relative volume	0.48
RSI	38.62
Sharpe ratio	-0.81
Sharpe ratio (3Y)	0.34
Sharpe ratio (5Y)	-0.09
Sortino ratio	-1.28
Sortino ratio (3Y)	1.08
Sortino ratio (5Y)	-0.18
Volume	68.7K
Weekly RSI	39.9
YTD price change	-25.51%
YTD total return	-25.51%

Metric

Value

150-day SMA

$4.79

1D price change

7.87%

1M price change

-27.58%

1M total return

-27.58%

1W price change

12.31%

1W total return

12.31%

1Y price change

-82.32%

1Y return CAGR

-82.35%

1Y total return

-82.32%

20-day SMA

$4.00

200-day SMA

$4.52

3M price change

-34.12%

3M total return

-34.12%

3Y price change

-95.5%

3Y return CAGR

-64.42%

3Y total return

-95.5%

50-day SMA

$4.70

50-day SMA vs 200-day SMA

50over200

52-week high

$24.44

52-week high date

2025-10-28

52-week low

$1.76

52-week low date

2026-04-13

5Y price change

-99.98%

5Y return CAGR

-82.07%

5Y total return

-99.98%

6M price change

-32.66%

6M total return

-32.66%

All-time high

$49,572.12

All-time high date

2021-04-12

All-time low

$1.76

All-time low date

2026-04-13

Average true range (ATR)

$0.32

Average volume

142.6K

Beta (1Y)

4.59

Beta (2Y)

2.79

Beta (5Y)

1.5

Change from 52-week high

-84.57%

Change from 52-week low

114.21%

Change from all-time high

-99.99%

Change from all-time low

107.39%

Change from open

4.58%

Day's gap

3.15%

Dollar volume

$258,829

High price

$3.77

Low price

$3.59

Monthly RSI

29.23

Open price

$3.61

Position in 52-week range

100%

Premarket change

2.72%

Premarket close

$3.50

Premarket price

$3.59

Premarket volume

141

Previous close

$3.50

Price vs 150-day SMA

-23.72%

Price vs 20-day SMA

-8.75%

Price vs 200-day SMA

-19.27%

Price vs 50-day SMA

-22.32%

Relative volume

0.48

RSI

38.62

Sharpe ratio

-0.81

Sharpe ratio (3Y)

0.34

Sharpe ratio (5Y)

-0.09

Sortino ratio

-1.28

Sortino ratio (3Y)

1.08

Sortino ratio (5Y)

-0.18

Volume

68.7K

Weekly RSI

39.9

YTD price change

-25.51%

YTD total return

-25.51%

Metric	Value
Float	7.4M
Float percentage	55.88%
Shares change (QoQ)	-19.88%
Shares change (YoY)	6,030.98%
Shares held by insiders	43.12%
Shares held by institutions	38.78%
Shares outstanding	13.2M
Short % of float	30.88%
Short % of shares	17.25%
Short ratio	19.2 days

Metric

Value

Float

7.4M

Float percentage

55.88%

Shares change (QoQ)

-19.88%

Shares change (YoY)

6,030.98%

Shares held by insiders

43.12%

Shares held by institutions

38.78%

Shares outstanding

13.2M

Short % of float

30.88%

Short % of shares

17.25%

Short ratio

19.2 days

Forum Markets, Incorporated (FRMM)

Price

Financial snapshot

Fair-value bridge

Latest news · FRMM

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All FRMM indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on FRMM

Frequently asked questions