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Companies / Financials / FORUM MARKETS Inc
FRMM

FORUM MARKETS Inc

FinancialsFinance Services
Ticker FRMMPALM BEACH, FLFiscal year ends DecemberBook value per share $6.67Diluted shares 19.2M

Forum Markets, Incorporated (Nasdaq: FRMM) is a financial technology company developing infrastructure to originate, finance and distribute real-world assets through blockchain-enabled capital markets. Its strategy is to source or acquire cash-flowing assets, including auto loans, manufactured-home loans, aerospace… From the company’s description.

In fiscal 2025, FORUM MARKETS Inc reported revenue of $6.55M and a net loss of $443.53M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$6.55MFY2025
-3565.76%FY2025
$-443.53MFY2025
−16867.5% year over year
Last 12 mo $-529.39M
-188.17%FY2025
−34.9 percentage points
Last 12 mo -419.01%
Cash & financing
$-26.05MFY2025
−2124.8% year over year
Last 12 mo $-56.96M
$-270.33MFY2025
−22985.1% year over year
Last 12 mo $-56.96M
0.11FY2025
Was 0.00× a year earlier
Last 12 mo 0.20
8.2MFY2025
+8819.5% year over year
Last 12 mo 19.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What FORUM MARKETS Inc does

In the company’s own words

Forum Markets, Incorporated (Nasdaq: FRMM) is a financial technology company developing infrastructure to originate, finance and distribute real-world assets through blockchain-enabled capital markets. Its strategy is to source or acquire cash-flowing assets, including auto loans, manufactured-home loans, aerospace equipment and real estate, and structure them as tokenized income products on Ethereum and Layer 2 networks. The company aims to generate income from asset yields, issuance and structuring fees, asset management and secondary-market transactions; distribution and potential secondary trading are expected primarily through Liquidity.io, an alternative trading system operated by a regulated broker-dealer. Forum also deploys digital assets, including ETH, through staking, lending and decentralized finance protocols. It has strategic relationships and equity stakes in Karus and Zippy, which provide access to auto-loan and manufactured-home-loan assets, and a 15% fully diluted stake in the parent company of Liquidity.io. Forum was formed in 2016 as 180 Life Sciences, later operated as ETHZilla, and shifted from biotechnology and iGaming toward digital assets and RWA tokenization in 2025. It held approximately 12,441 ETH as of March 31, 2026. Its website is https://forum-markets.com.

Company details
Sector
Financials
Industry (SIC)
Finance Services
Headquarters
PALM BEACH, FL
Fiscal year end
December
CIK
1690080
SIC
6199

Financial performance, year by year

Fiscal 2017–2025 · USD
$-582.98M$-422.20M$-261.42M$-100.64M$60.14M201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns FORUM MARKETS Inc — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

13
funds hold it
0 of 35
superinvestors hold it
$4.17M
held by funds, at market

Largest fund holders · FORUM MARKETS Inc’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
Schwab U.S. Small-Cap ETF
SCHA · SCHWAB STRATEGIC TRUST
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do FORUM MARKETS Inc and its peers compare on margins and cash generation over ten years?”
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