Forum Markets (FRMM)
NasdaqMarket Closed
Forum Markets, Incorporated is a financial technology company building infrastructure for blockchain-enabled capital markets. Its focus is on real-world assets, or RWAs, a segment that uses distributed ledger technology to represent claims on traditional financial assets in digital form. The company’s platform is designed to support the origination, financing, administration, and distribution of tokenized instruments backed by income-producing assets.
Forum Markets targets asset classes that generate contractual cash flows, such as consumer credit, equipment finance assets, and similar receivables or financing arrangements. These markets are traditionally managed through private credit channels, securitization structures, and institutional funding relationships. By applying blockchain infrastructure, the company seeks to make parts of that process more programmable, transparent, and efficient, while preserving the legal and economic features required by traditional investors and issuers.
The company uses public blockchain rails, including Ethereum and related Layer-2 networks, as part of its technology stack. These systems can support issuance records, lifecycle management, investor reporting, settlement workflows, and potential secondary-market activity for tokenized financial products. The use of Layer-2 protocols can also help reduce transaction costs and improve scalability compared with relying solely on Ethereum’s base layer.
Forum Markets sits within a broader movement to connect conventional finance with digital asset infrastructure. Its business depends on trust, compliance, asset quality, and institutional adoption rather than on speculative crypto trading alone. Key considerations for investors include regulation of tokenized securities and credit products, demand from asset originators, liquidity in RWA markets, and the company’s ability to build reliable technology around complex financial instruments.
Last updated
- Market Cap
- $72,330,235
- P/E
- —
- P/FCF
- —
- P/S
- 6.72
- Enterprise Value
- $94,178,235
- Sector
- —
- Industry
- —
- Address
- 2875 SOUTH OCEAN BLVD, PALM BEACH, FL
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- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- $72,330,235
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- $94,178,235
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 0.57
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 6.72
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -0.39
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 8.74
- EPS
- -40.04
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- -$331,047,213
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -413.54%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -332.34%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0.2
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 2.88
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 2.88
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.83
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- $247,285
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 5.48
Income Statement
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Revenue | 1.37M | 2.86M | 2.44M | 4.11M | 0 |
| Cost of revenue | 967K | 0 | 0 | 0 | 0 |
| Gross profit | 398K | 2.86M | 2.44M | 4.11M | 0 |
| Operating income | -9.94M | -4.63M | -9.61M | -220.49M | -1.35M |
| EBITDA | -9.01M | -4.16M | -9.61M | -220.49M | -1.35M |
| Net income | -12.82M | -76.26M | -222.69M | -216.74M | -1.73M |
| Income taxes | 0 | 0 | 0 | 0 | 0 |
| Interest expense | -238K | -1M | -2.74M | -319.91K | 0 |
| Other operating expenses | 0 | 0 | 0 | 0 | 0 |
| Total operating expenses | 10.34M | 7.49M | 12.04M | 224.6M | 1.35M |
| Basic EPS | -0.75 | -3.58 | -11.53 | -17.45 | -3.03 |
| Diluted EPS | -0.75 | -3.58 | -11.53 | -17.45 | -3.03 |
Balance Sheet
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Total assets | 159.03M | 207.61M | 306.3M | 1.01B | 10.71M |
| Total liabilities | 31.23M | 39.28M | 66.88M | 564.18M | 5.33M |
| Total equity | 127.8M | 168.34M | 239.42M | 445.14M | 5.38M |
| Cash & equivalents | 4.1M | 65.91M | 8.02M | 53.31M | 2.22M |
| Current assets | 14.19M | 82.53M | 13.57M | 561.95M | 3.09M |
| Current liabilities | 4.92M | 13.1M | 39.7M | 52.08M | 5.33M |
| Accounts payable | 570K | 436K | 1.54M | 1.2M | 2.2M |
| Receivables | 3.96M | 11.83M | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Long-term debt | 25.95M | 25.95M | 25.95M | 496.28M | 0 |
Cash Flow
| Line Item | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 |
|---|---|---|---|---|---|
| Operating cash flow | -12.44M | -20.45M | -7.63M | -16.43M | -1.5M |
| Investing cash flow | -17.79M | 71.82M | 124.74M | -252.37M | 0 |
| Financing cash flow | -31.57M | 5.5M | -666.97M | 825.48M | -5K |
| Change in cash | -61.8M | 56.87M | -549.87M | 556.7M | -1.5M |
| Net income | -12.42M | -77.53M | -231.52M | -207.91M | -1.35M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G/A — FORUM MARKETS Inc | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| edgar index | 10-Q — FORUM MARKETS Inc | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| edgar index | SCHEDULE 13G/A — FORUM MARKETS Inc | View Filing | |
| edgar index | SCHEDULE 13G/A — FORUM MARKETS Inc | View Filing | |
| form 4 | Form 4 — Saunders John Tazewell | View Filing | |
| form 4 | Form 4 — Rudisill McAndrew | View Filing | |
| form 4 | Form 4 — Rudisill McAndrew | View Filing | |
| form 4 | Form 4 — Rudisill McAndrew | View Filing | |
| form 4 | Form 4 — Rudisill McAndrew | View Filing | |
| form 4 | Form 4 — Rudisill McAndrew | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| form 4 | Form 4 — Lomashuk Konstantin | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Lomashuk Konstantin | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| edgar index | ARS — FORUM MARKETS Inc | View Filing | |
| edgar index | DEFA14A — FORUM MARKETS Inc | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| form 4 | Form 4 — Lomashuk Konstantin | View Filing | |
| edgar index | DEF 14A — FORUM MARKETS Inc | View Filing | |
| form 4 | Form 4 — Lomashuk Konstantin | View Filing | |
| edgar index | 3 — FORUM MARKETS Inc | View Filing | |
| edgar index | SCHEDULE 13G/A — FORUM MARKETS Inc | View Filing | |
| form 3 | Form 3 — Pemble Brian James | View Filing | |
| form 3 | Form 3 — Pemble Brian James | View Filing | |
| form 3 | Form 3 — Pemble Brian James | View Filing | |
| form 3 | Form 3 — Pemble Brian James | View Filing | |
| form 3 | Form 3 — Pemble Brian James | View Filing | |
| form 4 | Form 4 — Lomashuk Konstantin | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 10-Q — FORUM MARKETS Inc | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 3 — FORUM MARKETS Inc | View Filing | |
| form 3 | Form 3 — Lomashuk Konstantin | View Filing | |
| form 3 | Form 3 — Lomashuk Konstantin | View Filing | |
| form 3 | Form 3 — Lomashuk Konstantin | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | RW — FORUM MARKETS Inc | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | EFFECT — FORUM MARKETS Inc | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| edgar index | 424B3 — FORUM MARKETS Inc | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| edgar index | 3 — FORUM MARKETS Inc | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| form 3 | Form 3 — Dalton Angela | View Filing | |
| edgar index | 8-K — FORUM MARKETS Inc | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| edgar index | 4 — FORUM MARKETS Inc | View Filing | |
| form 4 | Form 4 — Heter Crystal Jane | View Filing | |
| form 4 | Form 4 — New Jason Griffin | View Filing | |
| form 4 | Form 4 — New Jason Griffin | View Filing |