Forum Markets, Incorporated FRMM
- Market cap
- $69.9M
- P/E
- 0.0×
Follow FRMM
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | 36,670.00 | 36,822.00 | 34,846.00 | 7,220.00 | 9,158.00 | 224.20 | 28.50 | 11.60 | 4.86 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| — | 37,240.00 | 40,622.00 | 40,637.20 | 43,700.00 | 49,571.00 | 15,336.80 | 1,358.50 | 177.50 | 174.60 |
High Price
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| 2 | 2 | 2 | 2 | 6 | 7 | 5 | 4 | 1 | 4 |
Employees
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
Revenue/Emp
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| — | — | — | — | — | — | — | — | — | 7 |
Revenue
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| — | — | — | 0.00% | 0.00% | 0.00% | 0.00% | — | — | 100.00% |
Gross Margin
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| 0 | 0 | 1 | (25) | (11) | (20) | (40) | (22) | (3) | (444) |
EBT
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| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | (6,774.57%) |
EBT Margin
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| 0 | 0 | 1 | (25) | (11) | (20) | (39) | (20) | (3) | (444) |
Net Income
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| 0 | — | — | 0 | 2 | 3 | 36 | 2 | 0 | — |
Depreciation
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| — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.80 |
Revenue/Sh
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| — | 136.40 | 948.79 | (8,749.91) | (2,279.62) | (2,471.48) | (3,874.52) | (525.90) | (154.90) | (55.18) |
Earnings/Sh
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| 0.00 | (552.67) | (717.45) | (1,144.38) | (806.67) | (2,362.37) | (1,212.76) | (288.18) | (12.73) | (3.19) |
Cash Flow/Sh
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| 0.00 | 0.00 | 0.00 | (49.79) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (13.47) |
Capex/Sh
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| 0.00 | (552.67) | (717.45) | (1,194.17) | (806.67) | (2,362.37) | (1,212.76) | (288.18) | (12.73) | (16.66) |
Free CF/Sh
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| 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 |
Book Value/Sh
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| — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 |
Shares
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| — | — | — | — | — | — | — | — | — | 0.00 |
PE Ratio
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| — | — | — | — | — | — | — | — | — | 0.00 |
PS Ratio
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| — | — | — | — | — | — | — | — | — | 0.17 |
PB Ratio
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| — | — | — | — | — | — | — | — | — | 0.00 |
EV/Sales
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| — | — | — | — | — | — | — | — | — | (3.39) |
EV/FCF
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| 0 | 0 | (1) | (3) | (4) | (19) | (12) | (11) | (1) | (26) |
Op' Cash Flow
|
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| 0 | — | — | 0 | — | — | — | — | — | (110) |
Capex
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| 0 | 0 | (1) | (3) | (4) | (19) | (12) | (11) | (1) | (136) |
FCF
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| 0 | 0 | 0 | (9) | (17) | (8) | 3 | (1) | 2 | (27) |
Working Cap'
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| — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 57 |
Total Debt
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| 0 | 0 | 0 | 0 | (2) | (8) | (7) | (2) | (5) | 48 |
Net Debt
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| 0 | 5 | 5 | 39 | 30 | 39 | 11 | 0 | 9 | 239 |
Sh' Equity
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| 0.00% | 0.21% | 0.88% | (46.70%) | (19.88%) | (30.08%) | (140.93%) | (160.06%) | (157.35%) | (282.40%) |
ROA
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| 0.00% | (4.70%) | (7.92%) | (33.56%) | (12.48%) | (31.39%) | (253.94%) | 0.00% | (58.87%) | (50.69%) |
ROIC
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| 0.00% | 4.93% | 20.81% | (65.84%) | (39.64%) | (51.69%) | (341.38%) | (355.47%) | (310.82%) | (362.34%) |
ROE
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Forum Markets, Incorporated peers in Software Application
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Forum Markets, Incorporated (FRMM) key facts
- Forum Markets, Incorporated (FRMM) is a Software Application company in the Technology sector, listed on Nasdaq.
- Forum Markets, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $6.5 million.
- As of September 25, 2026, FRMM traded at $5.04, a market capitalization of $69.9 million.
- Return on equity was −362.3% and debt-to-equity 0.20.
Forum Markets, Incorporated (FRMM) Latest News
24 Aug
Forum Markets targets AI compute expansion with cash flows from aircraft engines supporting operations. AI compute push represents major strategic shift likely to alter long-term trajectory and investor views.
21 Aug
Forum Markets, Incorporated targets Flag Ship Acquisition in AI compute and aircraft engines to expand cash flow. Acquisition in AI compute and aircraft engines represents major strategic move with potential to alter FRMM trajectory and investor sentiment.
20 Aug
Forum Markets Inc (FRMM) reported Q2 2026 earnings highlighting a strategic shift to AI Compute. Strategic shift to AI Compute represents a major move that could significantly alter the company's trajectory.
13 Aug
Flag Ship Acquisition Q2 earnings call highlights financial performance and strategic initiatives for Forum Markets, Incorporated (FRMM). Q2 earnings call highlights indicate moderate influence on financial perception and market positioning.
Forum Markets, Incorporated (FRMM) reported its second quarter 2026 financial results. Quarterly results can shift short-term investor sentiment on FRMM performance without guaranteeing major strategic change.
4 Aug
Forum Markets, Incorporated acquires Flag Ship targeting AI compute and aircraft engines for cash flow. Flag Ship acquisition expands Forum Markets into AI compute and aircraft engines boosting future cash flows.
27 Jun
Forum Markets (FRMM) stock fair value rises as analysts support the company's move to tokenization. Analyst support for FRMM tokenization strategy lifts fair value and signals major strategic impact on future performance.
14 May
Forum Markets Inc (FRMM) Q1 2026 earnings call highlights navigating ongoing losses amid key strategic shifts. Q1 losses paired with strategic shifts represent major financial and operational changes likely to alter FRMM's trajectory and investor sentiment.
21 Apr
Forum Markets (FRMM) provides loans to AI chip buyers while tokenizing real assets on Ethereum. Lending to AI chip buyers and tokenizing real assets on Ethereum mark major strategic expansions into high-growth AI and blockchain sectors.
17 Apr
Forum Markets Incorporated (FRMM) stock jumped 19% after the board revived its share buyback program and launched a strategic review. Reviving a share buyback and launching a strategic review are major moves signaling confidence and potential restructuring that could significantly boost FRMM's trajectory and investor sentiment.
Benchmark flags Forum Markets, Incorporated (FRMM) exposure to the expanding real-world asset (RWA) tokenization trend, highlighting its positioning amid growing market adoption. FRMM's exposure to the expanding RWA tokenization trend positions it for significant gains in investor sentiment and market performance.
1 Apr
Forum Markets Inc (FRMM) Q4 2025 earnings call highlights navigating ongoing losses while emphasizing strategic growth initiatives. Q4 earnings disclosure of losses combined with strategic growth plans likely to significantly sway investor sentiment and FRMM's market trajectory.
25 Feb
Flag Ship Acquisition Corp. (ETHZ), formerly ETHZilla, rebrands by dropping its Ethereum Treasury Label following a share price collapse. Rebrand abandoning Ethereum Treasury Label after share price collapse signals major strategic shift likely eroding crypto-linked investor appeal and altering market trajectory.
18 Feb
Peter Thiel exits investment in Flag Ship Acquisition Corp. (ETHZ), nicknamed ETHZilla, after the company's Ethereum treasury stock value craters. Peter Thiel's high-profile exit amid Ethereum treasury losses erodes investor confidence and signals potential market downturn for ETHZ.
Peter Thiel quietly exits ETHZilla, Ethereum treasury firm tied to Flag Ship Acquisition Corp. (ETHZ), viewed as warning sign for DAT Model. Peter Thiel's exit from ETHZilla signals investor concerns for ETHZ's DAT Model, likely harming market sentiment and trajectory.
Flag Ship Acquisition Corp. (ETHZ), aka ETHZilla, stock plummets after Peter Thiel exits Ethereum treasury bet, filings show. Peter Thiel's exit from Ethereum treasury position caused ETHZ stock to plummet, eroding key investor support and market confidence.
Peter Thiel sells his full stake in Flag Ship Acquisition Corp. (ETHZ), a cryptocurrency-focused company. Peter Thiel's complete exit from ETHZ undermines investor confidence and signals potential risks to the company's future prospects.
Peter Thiel cuts ties with ETHZilla as treasury firms face mounting pressure, impacting Flag Ship Acquisition Corp. (ETHZ). Peter Thiel's departure from ETHZilla amid sector pressures signals major investor withdrawal, poised to significantly damage ETHZ's valuation and strategic outlook.
13 Feb
Flag Ship Acquisition Corp. (ETHZ) has launched a tokenized jet engine lease product, marking a significant innovation in the aerospace sector. This new offering aims to streamline the leasing process for jet engines by utilizing blockchain technology, allowing for greater transparency and efficiency. The initiative is expected to attract interest from airlines and leasing companies looking to optimize their operations and reduce costs. ETHZ's move into tokenization reflects a broader trend in the industry towards digital solutions and could position the company as a leader in this niche market. The launch of a tokenized jet engine lease product represents a significant strategic move that could enhance ETHZ's market position and investor sentiment.
12 Feb
ETHZilla, the Ethereum treasury firm, is shifting its focus to jet engine lease tokenization as the value of Ethereum declines. This pivot aims to leverage blockchain technology in the aviation sector, potentially creating new revenue streams amid the cryptocurrency downturn. The strategic pivot to jet engine lease tokenization may moderately influence ETHZ's financial performance and competitive positioning.
5 Feb
Flag Ship Acquisition Corp. (ETHZ) is set to tokenize a portfolio of 95 home loans that yield an annual return of 10.36%. This move marks a significant expansion beyond its traditional focus on Ethereum treasury management, indicating a strategic shift in its investment approach. Tokenizing home loans represents a major strategic move that could significantly alter the company's trajectory and investor sentiment.
Flag Ship Acquisition Corp. (ETHZ) is shifting its focus to real estate tokenization, highlighted by a recent $4.7 million housing loan deal. This pivot aims to leverage blockchain technology in the real estate sector, potentially enhancing liquidity and investment opportunities in property markets. The strategic move into real estate tokenization could significantly alter the company's trajectory and investor sentiment.
27 Jan
Ethereum Treasury ETHZilla has sold a portion of its Ethereum (ETH) holdings to acquire jet engines, marking a significant move in its asset management strategy. This transaction highlights ETHZilla's approach to leveraging cryptocurrency assets for tangible investments, potentially influencing its future financial positioning and operational capabilities. The sale of ETH for jet engines indicates a strategic shift that could significantly impact the company's future operations and market perception.
24 Jan
Flag Ship Acquisition Corp. (ETHZ) has made a strategic move by purchasing jet engines as part of its tokenization initiative, following the sale of a significant amount of Ethereum (ETH). This acquisition aligns with the company's efforts to diversify its assets and enhance its operational capabilities in the evolving blockchain landscape. The acquisition of jet engines indicates a significant strategic shift that could enhance operational capabilities and investor sentiment.
23 Dec
Flag Ship Acquisition Corp. (ETHZ), backed by Peter Thiel, has sold a significant portion of its cryptocurrency holdings to address outstanding debts. The move comes amid increasing scrutiny of the company's financial practices and market position. ETHZilla, the entity managing these assets, aims to stabilize its operations and regain investor confidence following recent volatility in the crypto market. This decision reflects broader challenges faced by crypto firms in managing liquidity and debt obligations. Selling tokens to pay off debt indicates financial strain that could moderately affect the company's market position.
Flag Ship Acquisition Corp. (ETHZ) experienced a significant decline in stock value following a $74.5 million sale of cryptocurrency, which indicated a retreat from the Digital Asset Trading (DAT) sector. This move raised concerns among investors about the company's commitment to its crypto initiatives and overall market strategy. The sale signals a strategic shift that may moderately influence investor sentiment and the company's future operations in the crypto space.
22 Dec
Flag Ship Acquisition Corp. (ETHZ), backed by Peter Thiel, has sold $74.5 million in Ethereum (ETH) and abandoned its treasury strategy, raising concerns about its financial management and future direction. The decision to liquidate a significant portion of its ETH holdings suggests potential issues within the company's investment strategy and may reflect broader market challenges. Analysts are questioning what led to this abrupt shift and its implications for ETHZ's operational stability and investor confidence. The liquidation of a substantial asset and abandonment of a treasury strategy indicates significant strategic shifts that could impact investor sentiment and the company's future performance.
Flag Ship Acquisition Corp. (ETHZ) has been compelled to liquidate $74 million in Ethereum holdings due to financial pressures. This significant sale comes amid a challenging market environment for cryptocurrencies, raising concerns about the company's liquidity and future operations. The decision to sell such a large amount of ETH may impact investor sentiment and the overall market dynamics surrounding Ethereum. The forced sale of $74 million in ETH is likely to significantly impact the company's financial stability and market perception.
Flag Ship Acquisition Corp. (ETHZ), backed by Peter Thiel, has seen a significant decline in its stock value following the repayment of its debt. The company's decision to settle its obligations has raised concerns among investors about its financial stability and future growth prospects in the volatile crypto market. Repaying debt may indicate financial strain, potentially affecting investor confidence and market performance.
Flag Ship Acquisition Corp. (ETHZ) has sold $74.5 million worth of ether as part of a strategy to reduce its debt load. This move comes amid ongoing efforts to stabilize the company's financial position and improve its balance sheet. The sale of ether is a significant step in addressing the company's liabilities and is expected to impact its future financial health. The sale of ether is a strategic move to manage debt, which may moderately influence the company's financial performance.