FORUM MARKETS Inc (ETHZ) Form 10-Q — May 15, 2026
Forum Markets Inc (FRMM) reported a net loss of $76.3 million for the first quarter of 2026, driven primarily by a $48.6 million mark-to-market loss on liquid staking derivatives and significant volatility in its digital asset holdings. The company generated $2.9 million in revenue from staking and aircraft engine leasing, but operating expenses of $7.5 million and massive non-cash fair value adjustments resulted in a comprehensive loss of $76.5 million. The filing discloses a material weakness in internal controls over financial reporting related to the classification of significant one-time accounting transactions.
Key figures
- Revenue
- 2859000
- Total Debt
- 39275000
- Total Assets
- 207611000
- Cash Position
- 65905000
- Shares Outstanding
- 14542979
- Eth Held
- 12441
- Eth Sold Proceeds
- 128096000
- Staking Receivables
- 0
- Cash Used For Repurchases
- 24894181
- Digital Assets Fair Value
- 28307000
- Realized Losses Digital Assets
- 124600000
- Shares Repurchased Post Period
- 5753954
- Unrealized Gains Digital Assets
- 118200000
Price after filing
Close on the filing date to close N calendar days later (from $4.87). Historical, not a forecast.
AI analysis
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