Forum Markets, Incorporated (FRMM) Income Statement
FRMM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFRMM revenue and net income
Where FRMM's revenue goes
2025Each bar shows an amount and its share of revenue. FRMM kept −6,881.3% of revenue as net income.
FRMM profit margins
FRMM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FRMM quarterly EPS vs estimates
Forum Markets beat the analyst EPS estimate in 0 of the last 2 quarters. Next report: November 13, 2026 (estimate $-0.12).
FRMM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $6.5M | $0 | $0 | $0 | $0 |
| Cost of revenue | $0 | — | — | — | — |
| Gross profit | $6.5M | — | — | — | — |
| Research & development | — | $2.0M | $2.8M | $2.4M | $3.9M |
| Sales, general & admin | $240.0M | $4.4M | $10.7M | $15.5M | $11.7M |
| Total operating expenses | $240.0M | $4.4M | $13.5M | $17.9M | $15.6M |
| Operating income | −$233.4M | −$4.4M | −$13.5M | −$17.9M | −$15.6M |
| Interest income | $4.5M | $0 | $0 | $1,508 | — |
| Interest expense | $3.1M | $35,000 | $44,828 | $28,175 | $186,208 |
| Income before taxes | −$443.5M | −$2.6M | −$22.3M | −$39.7M | −$20.3M |
| Net income | −$450.5M | −$6.2M | −$19.9M | −$38.7M | −$20.3M |
| EBITDA | −$440.5M | −$2.6M | −$22.1M | −$39.5M | — |
| EPS (diluted) | −$23.63 | −$63.83 | −$643.36 | −$2.79 | −$11087.26 |
| Gross margin | 100.0% | — | — | — | — |
| Operating margin | −3,565.8% | — | — | — | — |
| Net margin | −6,881.3% | — | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4M | $2.9M | $2.4M | $4.1M | $0 | $0 | $0 | $0 |
| Cost of revenue | $1.9M | $0 | $0 | $0 | $0 | — | — | — |
| Gross profit | −$538,000 | $2.9M | $2.4M | $4.1M | $0 | — | — | — |
| Research & development | — | — | — | — | $322,758 | $376,360 | $408,836 | $402,715 |
| Sales, general & admin | $10.3M | $7.5M | $12.0M | $224.6M | $1.4M | $2.0M | $997,594 | $596,172 |
| Total operating expenses | $9.4M | $11.4M | $18.4M | $224.6M | $1.7M | $2.0M | $1.4M | $596,172 |
| Operating income | −$9.9M | −$8.5M | −$15.9M | −$220.5M | −$1.7M | −$2.0M | −$1.4M | −$596,172 |
| Interest income | $377,000 | $104,000 | $4.2M | $327,211 | $0 | $0 | — | $0 |
| Interest expense | $238,000 | $1.0M | $2.7M | $319,909 | $2,672 | $0 | $9,198 | $10,552 |
| Income before taxes | −$12.4M | −$77.5M | −$231.5M | −$208.7M | −$1.7M | −$2.0M | −$4.6M | −$532,389 |
| Net income | −$12.8M | −$76.3M | −$229.7M | −$208.7M | −$1.7M | −$2.4M | −$4.3M | −$836,720 |
| EBITDA | −$9.0M | −$76.1M | −$228.8M | −$208.4M | −$1.7M | — | — | — |
| EPS (diluted) | −$0.73 | −$3.64 | — | −$17.45 | −$3.02 | −$0.67 | −$38.67 | −$8.53 |
| Gross margin | −39.4% | 100.0% | 100.0% | 100.0% | — | — | — | — |
| Operating margin | −728.4% | −297.9% | −653.7% | −5,364.6% | — | — | — | — |
| Net margin | −939.0% | −2,667.5% | −9,425.5% | −5,076.9% | — | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FRMM's financial statements (latest annual report filed April 1, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FRMM financial results
In fiscal year 2025 (ended December 31, 2025), Forum Markets reported revenue of $6.5 million. It had a net loss of $450.5 million, a net profit margin of −6,881.3%. Diluted earnings per share came to −$23.63.
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FRMM income statement FAQ
What is Forum Markets's annual revenue?
Forum Markets reported total revenue of $6.5 million for fiscal year 2025, which ended on December 31, 2025.
Is Forum Markets profitable?
No. Forum Markets reported a net loss of $450.5 million in fiscal 2025, a net profit margin of −6,881.3%; its operating margin was −3,565.8%.
What is Forum Markets's gross margin?
Forum Markets's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, Forum Markets kept $100 after the direct cost of its products and services.
What are Forum Markets's earnings per share?
Forum Markets earned $-23.63 per diluted share in fiscal 2025, compared with $-63.83 a year earlier.
When will Forum Markets report its next earnings?
Forum Markets is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Forum Markets's fiscal year end?
Forum Markets's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 1, 2026.