Forum Markets, Incorporated FRMM TECH
Company Overview
Forum Markets, Incorporated, a financial technology company, develops a blockchain-based platform focused on the acquisition, structuring, and tokenization of real-world assets worldwide. The company facilitates decentralized finance (DeFi) transactions and asset digitization across multiple Layer 2 Ethereum networks. It also provides tokenization solutions, DeFi protocol integration, blockchain analytics, traditional-to-digital asset conversion gateways, and other DeFi services. It serves financial institutions, businesses, and organizations. The company was formerly known as ETHZilla Corporation and changed its name to Forum Markets, Incorporated in February 2026. Forum Markets, Incorporated is headquartered in Palm Beach, Florida.
Why Investors Should Care
Carries low leverage with a debt-to-equity ratio of 0.20.
Generates positive free cash flow, funding growth and shareholder returns internally.
Growth & Price Performance
Stock Price Performance
| 1 Year: | -95.47% |
| 6 Months: | +65.53% |
| 3 Months: | -8.66% |
| 1 Month: | -19.44% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)37.03 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading 95.5% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FRMM Forum Markets, Incorporated TECH | 4.85 | -0.09 | $64.01M | 0.00% | -87.97% | - | - | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 225.73 | 28.50 | $5.45T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 316.22 | 36.22 | $4.61T | 0.34% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 493.95 | 27.49 | $3.67T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 439.00 | 32.71 | $2.28T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 368.56 | 46.95 | $1.75T | 0.71% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,000.26 | 22.59 | $1.13T | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 505.74 | 128.36 | $825.61B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,764.85 | 59.89 | $677.88B | 0.51% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.11M | 2.86M |
| Operating Income | -31.26K | -50.44K | -140.85K | -137.87K | -147.98K | -140.27K | -264.90K | -296.38K | -225.70K | -1.57M | -934.20K | -731.08K | -2.95M | -4.01M | -4.22M | -3.68M | -4.52M | -4.06M | -4.80M | -3.68M | -3.54M | -2.09M | -1.85M | -596.17K | -1.97M | -1.73M | -220.49M | -4.63M |
| Net Income | -31.26K | 5.29K | 86.12K | 173.46K | 211.18K | 319.61K | 231.59K | -10.83K | -21.79K | -2.38M | 267.38K | -829.42K | -16.20M | -23.46M | 18.30M | 1.56M | 2.94M | -21.49M | -4.76M | -3.68M | -10.27M | -1.07M | 11.78K | -836.72K | -2.37M | -1.73M | -216.74M | -76.26M |
| Diluted EPS | -0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.00 | -0.01 | -0.05 | 0.02 | -0.05 | -0.58 | -0.75 | 0.23 | 0.92 | 1.72 | -10.97 | -24.15 | -13.37 | -24.53 | -1.68 | 0.01 | -5.43 | -5.54 | -0.30 | -16.80 | -3.64 |
| R&D Expense | - | - | - | - | - | - | - | - | - | 472.86K | 351.00K | - | 99.90K | 246.61K | 316.47K | 658.94K | 446.36K | 583.18K | 216.68K | 789.44K | 972.11K | 365.19K | 118.86K | 251.58K | 240.91K | 182.39K | - | - |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | 6.55M |
| Operating Income | -343.88K | -599.08K | -20.86M | -5.65M | -15.64M | -17.90M | -13.48M | -4.42M | -233.45M |
| Net Income | 123.76K | 1.04M | -25.39M | -10.88M | -20.32M | -38.73M | -19.94M | -14.18M | -450.52M |
| Diluted EPS | 0.01 | 0.07 | -0.02 | - | -12.96 | -387.18 | -52.59 | -28.56 | -54.32 |
| R&D Expense | - | - | 1.98M | 2.22M | 1.00M | 2.19M | 2.30M | 1.40M | - |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 240.00K | 117.06M | 118.44M | 51.88M | 55.53M | - | 19.65M | 5.26M | 12.76M | 306.30M |
| Current Assets | - | - | - | - | - | - | 8.93M | 3.64M | 5.14M | 13.57M |
| Cash & Equivalents | 67.25K | 428.39K | 567.22K | 83.40K | 2.11M | - | 6.97M | 1.98M | 4.57M | 8.02M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | 694.56K | 620.97K | 450.08K | 41.19K | - |
| Total Liabilities | 218.10K | 4.23M | 4.57M | 13.31M | 25.25M | - | 8.31M | 5.39M | 3.51M | 66.88M |
| Current Liabilities | 218.10K | 208.13K | 546.07K | 9.64M | 21.42M | - | 5.66M | 5.06M | 3.50M | 40.93M |
| Long Term Debt | - | - | - | - | - | - | 31.19K | 19.94K | 6.62K | 25.95M |
| Total Debt | - | - | - | - | - | - | 1.34M | 1.05M | 1.00K | 57.71M |
| Total Equity | 21.89K | 5.00M | -7.68M | 38.57M | 30.29M | - | 11.34M | -127.73K | 9.25M | 239.42M |
| Shares Outstanding | - | - | - | - | - | - | 197.21K | 534.72K | 3.18M | 19.01M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -497.36K | -789.23K | -3.32M | -3.87M | -19.37M | -12.13M | -10.92M | -1.17M | -26.05M |
| Investing Cash Flow | -115.92M | 474.88K | -708.15K | 14.49M | - | - | - | - | -127.63M |
| Financing Cash Flow | 116.78M | 156.84K | -106.51M | -8.73M | 25.41M | 10.87M | 5.91M | 4.03M | 158.15M |
| Share Buybacks | - | - | - | - | - | - | - | - | 46.26M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - | - | - | -3,565.8% |
| Net Margin % | - | - | - | - | - | - | - | - | -6,881.3% |
| ROE % | 2.5% | -13.6% | -65.8% | -35.9% | - | -341.4% | 15,606.9% | -153.3% | -188.2% |
| ROCE % | -0.3% | -0.5% | -49.4% | -16.6% | - | -127.9% | -6,846.2% | -47.7% | -88.0% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Stokes Family Office, LLC | 7.26% | 958.27K | $4.47M |
| 2 | Vise Technologies, Inc. | 6.49% | 857.14K | $3.99M |
| 3 | Citadel Advisors Llc | 3.13% | 413.55K | $1.93M |
| 4 | Saba Capital Management, L.P. | 2.82% | 371.56K | $1.73M |
| 5 | Vanguard Capital Management LLC | 2.29% | 302.06K | $1.41M |
| 6 | Blackrock Inc. | 2.28% | 301.34K | $1.40M |
| 7 | Geode Capital Management, LLC | 1.36% | 179.98K | $838.69K |
| 8 | UBS Group AG | 1.29% | 169.66K | $790.60K |
| 9 | Goldman Sachs Group Inc | 1.27% | 167.05K | $778.44K |
| 10 | Morgan Stanley | 1.10% | 144.53K | $673.53K |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for FRMM
Forum Markets (FRMM) Stock Sees Fair Value Lift As Analysts Back Tokenization Shift - finance.yahoo.com
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(FRMM) as a Liquidity Pulse for Institutional Tactics - Stock Traders Daily
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Forum Markets to Discuss AI, Power Assets That May Become Digital Securities - Stock Titan
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FRMM — Frequently Asked Questions
What is the current share price of Forum Markets, Incorporated (FRMM)?
As of 2026-09-19 21:16 PDT, Forum Markets, Incorporated (FRMM) trades at $4.85 on NasdaqCM. Its 52-week range is $1.79 to $107.00.
What is the market capitalisation of FRMM?
Forum Markets, Incorporated (FRMM) has a market capitalisation of $64.01M on NasdaqCM.
What is the P/E ratio of FRMM?
FRMM trades at a trailing price-to-earnings (P/E) ratio of -0.09. The industry average P/E is 29.22. Its price-to-book (P/B) ratio is 0.48.
Is FRMM a good stock to buy?
This page provides a data-driven analysis of Forum Markets, Incorporated (FRMM), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.