# FORUM MARKETS Inc: overview

FRMM · Nasdaq · CIK 1690080 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/frmm.md) · [Financials](/companies/frmm/financials.md) · [Filings](/companies/frmm/filings.md) · [Insiders](/companies/frmm/insiders.md)

Latest reported revenue: [$1.4m](/filings/0001213900-26-090100.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 14, 2026 (XBRL us-gaap:Revenues, accession 0001213900-26-090100).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | [4.1](/filings/0001213900-25-111023.md) | [2.4 d](/filings/0001213900-26-037888.md) | [2.9](/filings/0001213900-26-057817.md) | [1.4](/filings/0001213900-26-090100.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | [29.2%](/filings/0001213900-26-090100.md) |
| Operating margin | % | not reported | not reported | not reported | not reported | [(5364.6%)](/filings/0001213900-25-111023.md) | [(394.2%) d](/filings/0001213900-26-037888.md) | [(162.0%)](/filings/0001213900-26-057817.md) | [(728.4%)](/filings/0001213900-26-090100.md) |
| Net margin | % | not reported | not reported | not reported | not reported | [(5273.3%)](/filings/0001213900-25-111023.md) | [(9425.5%) d](/filings/0001213900-26-037888.md) | [(2667.5%)](/filings/0001213900-26-090100.md) | [(939.0%)](/filings/0001213900-26-090100.md) |
| Diluted EPS | $ per share | [(5.43)](/filings/0001213900-25-111023.md) | not reported | [(5.54)](/filings/0001213900-26-057817.md) | [(2.36)](/filings/0001213900-26-090100.md) | [(16.80)](/filings/0001213900-25-111023.md) | not reported | [(3.64)](/filings/0001213900-26-057817.md) | [(0.73)](/filings/0001213900-26-090100.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | [(8.4) d](/filings/0001213900-26-037888.md) | [(37.3)](/filings/0001213900-26-057817.md) | [(12.4) d](/filings/0001213900-26-090100.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues; Gross profit: us-gaap:GrossProfit. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | [6.5](/filings/0001213900-26-037888.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | [(3565.8%)](/filings/0001213900-26-037888.md) |
| Net margin | % | not reported | not reported | not reported | not reported | [(6881.3%)](/filings/0001213900-26-037888.md) |
| Diluted EPS | $ per share | [(12.96)](/filings/0001213900-23-025521.md) | [(387.18)](/filings/0001213900-24-025262.md) | [(52.59)](/filings/0001213900-25-026273.md) | [(28.56)](/filings/0001213900-26-037888.md) | [(54.32)](/filings/0001213900-26-037888.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | [(270)](/filings/0001213900-26-037888.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/frmm/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $20.9m | 3,853,000 | Call | Added +57,400 |
| [Stokes Family Office, LLC](/funds/1802278.md) | 2026-06-30 | $5.2m | 958,275 |  | Added +190,475 |
| [Vise Technologies, Inc.](/funds/1812090.md) | 2026-06-30 | $4.7m | 857,141 |  | New +857,141 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $2.2m | 413,552 |  | Added +68,327 |
| [Saba Capital Management, L.P.](/funds/1510281.md) | 2026-06-30 | $2.0m | 371,561 |  | Reduced −109,148 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.6m | 302,063 |  | Added +117,676 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.6m | 301,339 |  | Added +48,913 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $977.7k | 179,977 |  | Reduced −23,656 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $921.2k | 169,656 |  | Reduced −158,138 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $907.1k | 167,047 |  | Added +5,292 |

## Recent filings

[All 762 filings](/companies/frmm/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-26 | 09:00 ET | [8-K](/filings/0001213900-26-112303.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001213900-26-112303 |
| 2026-10-05 | 08:04 ET | [8-K](/filings/0001213900-26-106655.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001213900-26-106655 |
| 2026-08-21 | 16:01 ET | [8-K](/filings/0001213900-26-092591.md) | 5.02 Departure or appointment of officers or directors | 0001213900-26-092591 |
| 2026-08-19 | 16:24 ET | [8-K](/filings/0001213900-26-091693.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001213900-26-091693 |
| 2026-08-14 | 16:17 ET | [10-Q](/filings/0001213900-26-090100.md) | Quarterly report, period 2026-06-30 | 0001213900-26-090100 |
| 2026-07-30 | 08:00 ET | [8-K](/filings/0001213900-26-083073.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001213900-26-083073 |
| 2026-07-16 | 08:00 ET | [8-K](/filings/0001213900-26-078494.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001213900-26-078494 |
| 2026-07-08 | 16:11 ET | [DEF 14A](/filings/0001213900-26-076369.md) | Proxy statement, period 2026-08-19 | 0001213900-26-076369 |
| 2026-07-01 | 16:01 ET | [8-K](/filings/0001213900-26-074215.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001213900-26-074215 |
| 2026-06-30 | 06:30 ET | [8-K](/filings/0001213900-26-073352.md) | 8.01 Other events | 0001213900-26-073352 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001213900-26-037888.md), filed Apr 1, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/343e443e-be2f-46f5-ba35-ba70549c1ba6)

## About the filer

- CIK: 1690080
- Tickers: FRMM
- Exchange: Nasdaq
- SIC code: 6199 Finance Services
- State of incorporation: not reported
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 26, 2026, 09:01 ET. No prices; not investment advice.
