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StockVS

NASDAQ · Software - Application · USD

Forum Markets, Incorporated (FRMM) Stock Analysis

Forum Markets, Incorporated (FRMM) is a Software - Application stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

FRMM

$3.55

+$0.30 (+9.23%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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FRMM Key Statistics

As of Oct 21, 2026
Trading
Open
$3.31
Previous Close
$3.25
Day's Range
3.31–3.66
52-Week Range
1.76–24.44
Volume
167.12K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.50
Valuation
Market Cap
$46.86M
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
4.35
Financials (FY)
Revenue (FY)
$6.55M
Net Income (FY)
−$450.52M
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
13.20M
1-Year Return
−78.30%
Dividend and dates
Earnings Date
November 12, 2026estimated
Avg Volume
143.89K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, FRMM closed at $3.55, −78.30% over 1 year.

Forum Markets, Incorporated (FRMM) has a market capitalization of $46.86M.

In fiscal 2025, FRMM reported revenue of $6.55M.

FRMM Stock Return by Calendar Year

Forum Markets, Incorporated (FRMM) return since Jun 2017: what $10,000 became

1 year
$10,000 $2,170
−78.30%
5 years
$10,000 $2
−99.98%
Since Jun 2017
$10,000 $0.96
−99.99%

If you had invested $10,000 in Forum Markets, Incorporated (FRMM) at the close on June 27, 2017, the earliest close on record here, it would have been worth $0.96 at the close on October 21, 2026: −99.99% in total, −62.94% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−27.55%
2025−73.08%
2024−55.24%
2023−93.69%
2022−95.65%
2021+42.86%
2020−74.47%
2019+4.84%
2018+5.05%
2017 (partial year)+0.10%

As of October 21, 2026.

FRMM Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$6.55M−$450.52M−6,881.3%
2024$0.00−$6.17M—
2023$0.00−$19.94M—
2022$0.00−$38.73M—
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$6.55M—−$239.78M−$450.52M−6,881.3%
2024$0.00—−$4.42M−$6.17M—
2023$0.00—−$13.48M−$19.94M—
2022$0.00—−$17.90M−$38.73M—

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

FRMM Valuation vs Software - Application Median

Median of 240 stocks
MetricFRMMSoftware - Application medianvs median
P/S ratio4.352.8354% above

Medians across 240 Software - Application stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Forum Markets, Incorporated (FRMM) carries a market capitalisation of $46.86M. It is classified in the Software - Application industry, within the Technology sector.

Over the past 52 weeks the price has ranged from $1.76 to $24.44. FRMM last closed at $3.55 on October 21, 2026. That is +$0.30 (+9.23%) against the previous close. The latest close sits 101.7% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $6.55M. The same year closed with a net loss of $450.52M.

Across the 4 fiscal years on file, revenue moves from $0.00 in 2022 to $6.55M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

The price-to-sales ratio is 4.35. On price-to-sales that is 53.93% above the Software - Application median of 2.83. The medians here are taken across 240 Software - Application companies that report the metric.

The trailing one-year total return is −78.30%. Across 5 years the annualized return works out at −82.46%. The reported beta is 1.5. Annualized volatility over the trailing 9 years is 177.31%.

Growth & Income

The record shows no dividend for FRMM.

2026 is still running; the total return is −27.55% year to date. Across the complete calendar years on file, 2021 returned +42.86% and 2022 returned −95.65%. Of the 8 complete calendar years on file, 3 finished higher.

Peer Comparison

Forum Markets, Incorporated (FRMM) operates in the Software - Application industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Forum Markets, Incorporated FRMM $46.86M —
SAP SE SAP $268.62B 29.9
Shopify Inc. SHOP $226.17B 117.8
Salesforce, Inc. CRM $198.98B 22.1

The Software - Application industry average P/E ratio is 29.8x. Forum Markets, Incorporated has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Forum Markets, Incorporated

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.

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