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Saturday 7 November 2026
Export FRMM’s income statement to Excel — free account
Forum Markets, Incorporated
FRMM Technology Software Application
Forum Markets, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $6.5 million.
- EPS
- +75.0%
- Free cash flow
- +7,830.9%
- Total debt
- +763,135.3%
Quarter to June 2026, against a year earlier
3.04
0.00
0.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | — | 7 | 11 | — | 18 | 125 | 166 | +193.7% | |
| Gross margin, % | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | — | — | 100.00 | 91.02 | +100.0 pt | ||||||
| EBT | 0 | 0 | 1 | (25) | (11) | (20) | (40) | (22) | (3) | (444) | (530) | n/m | ||||||
| EBT margin, % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (6,774.57) | (4,922.28) | (6,774.6) pt | ||||||
| Net income | 0 | 0 | 1 | (25) | (11) | (20) | (39) | (20) | (3) | (444) | (530) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.80 | 0.63 | n/m | |||||
| Earnings | — | 136.40 | 948.79 | (8,749.91) | (2,279.62) | (2,471.48) | (3,874.52) | (525.90) | (154.90) | (55.18) | (33.82) | n/m | ||||||
| Cash flow | 0.00 | (552.67) | (717.45) | (1,144.38) | (806.67) | (2,362.37) | (1,212.76) | (288.18) | (12.73) | (3.19) | (3.31) | n/m | ||||||
| Capex | 0.00 | 0.00 | 0.00 | (49.79) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (13.47) | 0.03 | n/m | ||||||
| Free cash flow | 0.00 | (552.67) | (717.45) | (1,194.17) | (806.67) | (2,362.37) | (1,212.76) | (288.18) | (12.73) | (16.66) | (3.28) | n/m | ||||||
| Book value | 0.00 | 5,555.56 | 4,545.45 | 13,300.31 | 6,309.77 | 4,795.45 | 1,134.39 | (3.37) | 100.57 | 29.32 | 7.49 | n/m | ||||||
| Shares, m | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 15 | +212.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | |||||
| P/S | — | — | — | — | — | — | — | — | — | 0.00 | 4.94 | — | ||||||
| P/B | — | — | — | — | — | — | — | — | — | 0.17 | 0.42 | — | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | — | 0.00 | 9.90 | — | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | — | (3.39) | (1.90) | — | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 0 | 0 | (1) | (3) | (4) | (19) | (12) | (11) | (1) | (26) | (57) | n/m | |||||
| Capex | 0 | — | — | 0 | — | — | — | — | — | (110) | 1 | n/m | ||||||
| Free cash flow | 0 | 0 | (1) | (3) | (4) | (19) | (12) | (11) | (1) | (136) | (56) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 0 | 0 | 0 | (9) | (17) | (8) | 3 | (1) | 2 | (27) | 9 | +78.2% | |||||
| Net debt | 0 | 0 | 0 | 0 | (2) | (8) | (7) | (2) | (5) | 48 | 22 | n/m | ||||||
| Shareholders’ equity | 0 | 5 | 5 | 39 | 30 | 39 | 11 | 0 | 9 | 239 | 128 | +181.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 0.00 | 0.21 | 0.88 | (29.82) | (22.36) | (34.38) | (94.04) | (160.06) | (157.35) | (282.40) | (630.95) | (282.4) pt | |||||
| ROIC | 0.00 | (4.70) | (7.92) | (33.56) | (12.48) | (31.39) | (253.94) | 0.00 | (58.87) | (50.69) | (102.20) | (50.7) pt | ||||||
| ROE | 0.00 | 4.93 | 20.81 | (116.56) | (34.87) | (58.40) | (152.87) | (355.47) | (310.82) | (362.34) | (804.17) | (362.3) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 2 | 2 | 2 | 2 | 6 | 7 | 5 | 4 | 1 | 4 | — | +8.0% | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.64 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Forum Markets, Incorporated vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MAPS WM Technology, Inc. | $51.9M | 14.0× | 4.7× | −5.35% (below 0%: shrinking) | +100.00% (above 0%: growing) | −57.80% (below 0%: shrinking) | 94.05% | 5.54% | Compare |
| SCOR comScore, Inc. | $49.8M | 1.0× | — (loss-making) | −14.34% (below 0%: shrinking) | n/m | −315.77% (below 0%: shrinking) | 37.86% | (87.66%) | Compare |
| ADBT Advasa Holdings, Inc. | $49.1M | — | — | — | — | — | 82.20% | 76.50% | Compare |
| REKR Rekor Systems, Inc. | $44.3M | — (loss-making) | — (loss-making) | +2.45% (above 0%: growing) | n/m | +69.97% (above 0%: growing) | 56.16% | 1.75% | Compare |
| IDN Intellicheck Mobilisa, Inc. | $40.7M | 13.1× | 31.4× | +15.97% (above 0%: growing) | n/m | −42.41% (below 0%: shrinking) | 91.30% | 9.64% | Compare |
| FRMM Forum Markets, Incorporated | $40.1M | — (loss-making) | — (loss-making) | — | n/m | +7,830.88% (above 0%: growing) | 29.16% | (728.35%) | |
| PHUN Phunware | $35.8M | — (loss-making) | — (loss-making) | +75.60% (above 0%: growing) | n/m | −65.76% (below 0%: shrinking) | 68.96% | (757.07%) | Compare |
| FTFT Future FinTech Group Inc. | $32.8M | — (loss-making) | — (loss-making) | −43.92% (below 0%: shrinking) | n/m | −253.72% (below 0%: shrinking) | 58.13% | (570.43%) | Compare |
| CRGO Freightos Limited | $31.2M | — (loss-making) | — (loss-making) | +3.40% (above 0%: growing) | n/m | +46.39% (above 0%: growing) | 67.56% | (46.11%) | Compare |
| Median of peers | $42.5M | 13.1× | — | +2.45% | — | −57.80% | 68.26% | (22.18%) |