Saturday 17 October 2026 Export FRMM’s income statement to Excel — free account

Forum Markets, Incorporated

Forum Markets, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $6.5 million. In the quarter to June 2026, EPS grew 75.0%, free cash flow grew 7,830.9% and total debt rose 763,135.3%, each against the same quarter a year earlier.

3.60 0.17 −4.51%

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Market cap: $49.8M
P/E: 0.0×
Fwd P/E: −1.0×
Dividend yield: —
F-score: n/a
Altman Z: −4.95
Beneish M: n/a
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.57

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	4	—	—	—

Insider Ownership 72.81%

Capital & Financial Ratios $m

Market Cap 49.76

Revenue 10.77

Net Income (530.18)

Free Cash Flow (56.04)

Net Debt 21.85

Current Ratio 2.69

Debt/Equity 0.20

P/E ratio 0.00

Fwd P/E (0.98)

P/S ratio 5.70

P/B ratio 0.48

Past 5Y EPS Growth —

This Y EPS Growth 90.34%

Next Y EPS Growth 73.48%

Next Y revenue growth 177.53%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/B against its own 10 years 14.18%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2016	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2	5	9	4
Receivables	—	—	—	4
Inventory	—	—	—	—
Other	—	—	—	—
	4	5	14	14

	2023	2024	2025	Q'26
Payables	2	0	2	1
ST’ Debt	—	—	32	—
Other	0	—	—	—
	5	4	41	5

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	—
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	20.03%	51.21%	176.35%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3	1	—	—	—

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(20)	(12)	—	—	—
’25	(1)	(1)	(16)	(8)	(26)
’24	(1)	1	0	(1)	(1)
’23	(4)	(3)	(2)	(2)	(11)
’22	(2)	(4)	(4)	(3)	(12)
’21	(6)	(4)	(4)	(5)	(19)
’20	0	0	0	(3)	(4)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(38)	116	—	—	—
’25	(1)	(1)	(260)	126	(136)
’24	(1)	1	0	(1)	(1)
’23	(4)	(3)	(2)	(2)	(11)
’22	(2)	(4)	(4)	(3)	(12)
’22	—	—	—	—	(12)
’21	(6)	(4)	(4)	(5)	(19)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(3.58)	(0.75)	—	—	—
’25	(6.70)	(3.00)	(17.45)	(12.04)	(55.18)
’24	(16.80)	0.10	(8.50)	(132.50)	(154.90)
’23	(241.44)	(133.08)	(245.25)	94.57	(525.90)
’22	190.11	342.21	(2.09k)	(2.29k)	(3.87k)
’21	(2.21k)	(2.85k)	2.06k	190.11	(2.47k)
’20	(539.93)	58.58	(187.16)	(1.61k)	(2.28k)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	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
	High	—	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
People
People	Employees	2	2	2	2	6	7	5	4	1	4
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.64
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	—	—	—	7
	Gross margin, %	—	—	—	0.00	0.00	0.00	0.00	—	—	100.00
	EBT	0	0	1	(25)	(11)	(20)	(40)	(22)	(3)	(444)
	EBT margin, %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	(6,774.57)
	Net income	0	0	1	(25)	(11)	(20)	(39)	(20)	(3)	(444)
	Depreciation	0	—	—	0	2	3	36	2	0	—
Per share, $
Per share, $	Revenue	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.80
	Earnings	—	136.40	948.79	(8,749.91)	(2,279.62)	(2,471.48)	(3,874.52)	(525.90)	(154.90)	(55.18)
	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)
	Capex	0.00	0.00	0.00	(49.79)	0.00	0.00	0.00	0.00	0.00	(13.47)
	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)
	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
	Shares, m	—	0	0	0	0	0	0	0	0	8
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	—	—	—	0.00
	P/S	—	—	—	—	—	—	—	—	—	0.00
	P/B	—	—	—	—	—	—	—	—	—	0.17
	EV/Sales	—	—	—	—	—	—	—	—	—	0.00
	EV/FCF	—	—	—	—	—	—	—	—	—	(3.39)
Cash, $m
Cash, $m	Operating cash flow	0	0	(1)	(3)	(4)	(19)	(12)	(11)	(1)	(26)
	Capex	0	—	—	0	—	—	—	—	—	(110)
	Free cash flow	0	0	(1)	(3)	(4)	(19)	(12)	(11)	(1)	(136)
Balance, $m
Balance, $m	Working capital	0	0	0	(9)	(17)	(8)	3	(1)	2	(27)
	Total debt	—	—	—	0	0	0	0	0	0	57
	Net debt	0	0	0	0	(2)	(8)	(7)	(2)	(5)	48
	Shareholders’ equity	0	5	5	39	30	39	11	0	9	239
Returns, %
Returns, %	ROA	0.00	0.21	0.88	(29.82)	(22.36)	(34.38)	(94.04)	(160.06)	(157.35)	(282.40)
	ROIC	0.00	(4.70)	(7.92)	(33.56)	(12.48)	(31.39)	(253.94)	0.00	(58.87)	(50.69)
	ROE	0.00	4.93	20.81	(116.56)	(34.87)	(58.40)	(152.87)	(355.47)	(310.82)	(362.34)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CTK CooTek (Cayman) Inc. Sponsored ADR	$61.2M	— (loss-making)	2.7×	−45.10% (below 0%: shrinking)	n/m	−75.38% (below 0%: shrinking)	89.34%	1.13%	Compare
SCOR comScore, Inc.	$61.2M	— (loss-making)	3.0×	−11.35% (below 0%: shrinking)	n/m	−124.79% (below 0%: shrinking)	35.67%	(15.12%)	Compare
THRY Thryv Holdings, Inc.	$53.8M	— (loss-making)	39.9×	−28.39% (below 0%: shrinking)	n/m	−23.41% (below 0%: shrinking)	62.74%	(0.76%)	Compare
MAPS WM Technology, Inc.	$51.9M	15.5×	6.7×	−5.35% (below 0%: shrinking)	+100.00% (above 0%: growing)	−57.80% (below 0%: shrinking)	94.05%	5.54%	Compare
FRMM Forum Markets, Incorporated	$49.8M	— (loss-making)	— (loss-making)	—	n/m	+7,830.88% (above 0%: growing)	29.16%	(728.35%)
IDN Intellicheck Mobilisa, Inc.	$45.4M	13.9×	30.5×	+15.97% (above 0%: growing)	n/m	−42.41% (below 0%: shrinking)	91.30%	9.64%	Compare
PHUN Phunware	$42.6M	— (loss-making)	— (loss-making)	+75.60% (above 0%: growing)	n/m	−65.76% (below 0%: shrinking)	68.96%	(757.07%)	Compare
BZAI Blaize Holdings, Inc.	$39.8M	— (loss-making)	—	+504.69% (above 0%: growing)	n/m	−77.46% (below 0%: shrinking)	7.66%	(255.35%)	Compare
JG Aurora Mobile Limited Sponsored ADR	$36.7M	51.4×	3.4×	+18.93% (above 0%: growing)	n/m	−140.52% (below 0%: shrinking)	68.35%	1.61%	Compare
Median of peers	$48.6M	15.5×	5.1×	+5.31%	—	−70.57%	68.66%	0.18%

All 237 Software Application stocks →

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 October 16, 2026, FRMM traded at $3.60, a market capitalization of $49.8 million.
Return on equity was −362.3% and debt-to-equity 0.20.
Its Altman Z-score is −4.95 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.