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FORUM MARKETS Inc

corporate_fare Company Profile

FORUM MARKETS Inc

FRMM·NASDAQ·Crypto Assets·CIK 0001690080

Forum Markets, Incorporated is a financial technology company that develops infrastructure to support the creation, financing, and distribution of real-world assets (RWAs) through blockchain-enabled capital markets. During 2025 and early 2026, the company refined its business model to focus on building and operating platforms that originate and finance real-world financial assets for distribution through tokenized capital markets. This shift reflects a belief that long-term value in blockchain-enabled financial markets will come from operating businesses that create and structure income-generating assets, rather than from passive digital asset holdings. In early 2026, the company changed its name from ETHZilla Corporation to Forum Markets, Incorporated to reflect this strategy of modernizing capital markets through the tokenization of real-world assets. The company's strategy integrates traditional financial asset markets with blockchain infrastructure to tokenize income-generating real-world assets like consumer credit, equipment finance assets, and other contractual cash-flow streams. Tokenization is the process of representing ownership or economic rights in real-world assets using digital tokens on blockchain networks. Forum Markets uses blockchain infrastructure, including Ethereum and related Layer-2 scaling protocols, for the issuance, management, and potential secondary trading of these tokenized financial instruments. These systems aim to offer improved transparency, programmability of asset cash flows, and more efficient settlement compared to traditional financial market infrastructure. The company's strategy is to build an integrated platform connecting asset origination platforms, institutional financing sources, regulated digital asset infrastructure focused on cash flowing assets, and global growth-oriented capital markets. This approach allows financial assets to be originated, financed, and distributed through both conventional financial channels and emerging blockchain-based capital markets. The company also plans to leverage its relationships with Satschel, Inc., Karus, Inc., and Zippy, Inc.

FORUM MARKETS Inc (NASDAQ:FRMM) is a publicly traded company in the Crypto Assets sector. Wiseek has independently scored 24 items for FRMM at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-08-14, rated 8/10. Across its 20 most recent items scored 7 or higher, the top rating is 9/10, with 16 rated 8 or above. Recent SEC coverage for FRMM spans 10-Q, 8-K, DEF 14A, 424B3.

Recent high-impact activity:

  • Forum Markets Q2 Loss Widens to $12.8M; Material Weakness Persists
  • Forum Markets Q2 Revenue Falls to $1.37M on Digital Asset Exit
  • Forum Markets Acquires $12M Aircraft Engine, Targets Five-Engine Aviation Portfolio
  • Forum Markets Buys $11.65M Aircraft Engine, Securing Immediate Lease Revenue
  • Forum Markets Discloses Massive Executive Compensation Amidst Deep Losses and High Potential Dilution

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$6.55M
Net Income
-$450.52M
Diluted EPS
-$54.32
Op. Cash Flow
-$26.05M
Free Cash Flow
-$270.33M
Operating Income
-$233.45M
Cash & Equivalents
$8.02M
Debt / Equity
0.00×
Net Margin
-68.81×
Shares Outstanding
19.01M sh
Source: 10-K · filed 2026-04-01 · accession 0001213900-26-037888

Short Interest & Short Volume

19.45 days to cover

FINRA reported short interest of 2,181,220 shares in FRMM as of the September 15, 2026 settlement, a 2.1% decrease from the prior period — about 19.4 days to cover at its recent average daily volume. On October 2, 2026, 44.0% of FRMM volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)2,181,220 shares as of September 15, 2026
Change vs prior period▼ 2.1%
Days to cover19.45 at avg daily volume of 112,118
Daily short volume (FINRA facilities)44.0% of 60,397 shares on October 2, 2026
5-day average short volume42.5%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Low risk

Filing-implied dilution signals for FRMM, detected from its recent SEC filings · based on capital-structure filings through 2026-04-08.

1 recent capital raiseATM program

Activates Large At-The-Market (ATM) Program · Significant Potential Dilution

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$4.83
52-week range · as of 2026-08-14 $1.76 – $81
Market cap
$63.75M
Volume
138.9K (1.1× avg)
3-mo avg 123.7K
Live data · 2026-10-03 16:28 UTC · Market closed

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feed FRMM - Latest Insights

FRMM
Aug 14, 2026, 4:17 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $6.09
Real-time Price: $4.83 info
Change: -$1.26 (-21%) info
Market Cap: $63.751M info
FRMM
Aug 13, 2026, 8:17 AM EDT
Source: Reuters
Importance Score:
7
Price at Filing: $5.81
Real-time Price: $4.83 info
Change: -$0.980 (-17%) info
Market Cap: $63.751M info
FRMM
Jul 16, 2026, 8:01 AM EDT
Source: Dow Jones Newswires
Importance Score:
7
Price at Filing: $5.90
Real-time Price: $4.83 info
Change: -$1.07 (-18%) info
Market Cap: $63.751M info
FRMM
Jul 16, 2026, 8:00 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $5.99
Real-time Price: $4.83 info
Change: -$1.16 (-19%) info
Market Cap: $63.751M info
FRMM
Jul 08, 2026, 4:11 PM EDT
Filing Type: DEF 14A
Importance Score:
9
Price at Filing: $5.96
Real-time Price: $4.83 info
Change: -$1.13 (-19%) info
Market Cap: $63.751M info
FRMM
Jul 01, 2026, 4:01 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $5.57
Real-time Price: $4.83 info
Change: -$0.740 (-13%) info
Market Cap: $63.751M info
FRMM
Jun 30, 2026, 6:30 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $5.44
Real-time Price: $4.83 info
Change: -$0.610 (-11%) info
Market Cap: $63.751M info
FRMM
May 15, 2026, 4:24 PM EDT
Filing Type: 10-Q
Importance Score:
9
Price at Filing: $3.70
Real-time Price: $4.83 info
Change: +$1.13 (+31%) info
Market Cap: $63.751M info
FRMM
May 14, 2026, 8:13 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $4.47
Real-time Price: $4.83 info
Change: +$0.360 (+8%) info
Market Cap: $63.751M info
FRMM
May 14, 2026, 8:08 AM EDT
Source: Dow Jones Newswires
Importance Score:
9
Price at Filing: $4.47
Real-time Price: $4.83 info
Change: +$0.360 (+8%) info
Market Cap: $63.751M info
FRMM
Apr 29, 2026, 8:13 AM EDT
Source: Wiseek News
Importance Score:
9
Price at Filing: $5.23
Real-time Price: $4.83 info
Change: -$0.400 (-8%) info
Market Cap: $63.751M info
FRMM
Apr 29, 2026, 8:07 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $5.23
Real-time Price: $4.83 info
Change: -$0.400 (-8%) info
Market Cap: $63.751M info
FRMM
Apr 17, 2026, 8:38 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $2.46
Real-time Price: $4.83 info
Change: +$2.37 (+96%) info
Market Cap: $63.751M info
FRMM
Apr 08, 2026, 9:06 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $2.21
Real-time Price: $4.83 info
Change: +$2.62 (+119%) info
Market Cap: $63.751M info
FRMM
Apr 08, 2026, 9:00 AM EDT
Source: Dow Jones Newswires
Importance Score:
9
Price at Filing: $2.30
Real-time Price: $4.83 info
Change: +$2.53 (+110%) info
Market Cap: $63.751M info
FRMM
Apr 08, 2026, 8:29 AM EDT
Filing Type: 424B3
Importance Score:
9
Price at Filing: $2.33
Real-time Price: $4.83 info
Change: +$2.50 (+107%) info
Market Cap: $63.751M info
FRMM
Apr 03, 2026, 4:19 PM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $2.74
Real-time Price: $4.83 info
Change: +$2.09 (+76%) info
Market Cap: $63.751M info
FRMM
Mar 31, 2026, 9:30 PM EDT
Filing Type: 10-K
Importance Score:
9
Price at Filing: $2.98
Real-time Price: $4.83 info
Change: +$1.85 (+62%) info
Market Cap: $63.751M info
FRMM
Mar 31, 2026, 4:00 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $2.89
Real-time Price: $4.83 info
Change: +$1.94 (+67%) info
Market Cap: $63.751M info
FRMM
Mar 31, 2026, 9:00 AM EDT
Source: Dow Jones Newswires
Importance Score:
7
Price at Filing: $2.76
Real-time Price: $4.83 info
Change: +$2.07 (+75%) info
Market Cap: $63.751M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets