Welcome to our dedicated page for Frmo news (Ticker: FRMO), a resource for investors and traders seeking the latest updates and insights on Frmo stock.
FRMO Corp. (FRMO) is an investment advice industry company in the finance and insurance sector whose common stock trades on the OTC Pink market. The company invests in and receives revenues based upon consulting and advisory fee interests in the asset management sector, and its public news releases focus heavily on financial performance, investment results, and governance developments.
News about FRMO frequently covers quarterly and annual financial results, including book value, equity attributable to shareholders, and net income or loss attributable to the Company. These updates highlight how fees, equity earnings from limited partnerships, unrealized gains and losses from investments, and unrealized gains and losses from equity securities and digital assets affect overall performance. The company also discusses a non-GAAP measure that excludes unrealized gains and losses from equity securities and digital assets, providing additional context for its earnings.
Investors following FRMO’s news can also expect disclosures about its relationships with Horizon Kinetics Hard Assets LLC and Horizon Kinetics Holding Corporation, including consolidation of HKHA and the impact of noncontrolling interests on reported results. The company’s releases note its exposure to digital assets and reference efforts to expand digital asset mining operations, which can influence both balance sheet values and unrealized gains or losses.
In addition to financial data, FRMO’s news flow includes corporate governance updates such as appointments to the Board of Directors, changes in board size, and adjustments in leadership roles like Chairman, Vice Chairman, and Lead Independent Director. The company also announces conference calls and annual meetings, providing registration details for shareholders and other interested parties. For readers seeking ongoing insight into FRMO’s financial trends, investment exposures, and governance changes, this news stream offers a detailed, period-by-period view of the company’s public disclosures.
FRMO (OTC:FRMO) reported fiscal 2026 second quarter results for the period ended November 30, 2025. Total book value was $530.0 million and equity attributable to shareholders was $293.3 million ($6.66 per share).
Current assets were $46.4 million and total liabilities were $81.8 million. FRMO recorded a quarterly net loss attributable to the company of $13.0 million ($0.30 per diluted share) and a six‑month net loss of $26.4 million ($0.60 per diluted share).
FRMO (OTC:FRMO) completed a restatement of financial statements for fiscal years ended May 31, 2024 and 2025 and interim periods, plus quarterly financials for the three months ended August 31, 2025.
The company plans to file remaining quarterly reports for Nov 30, 2025 and Feb 28, 2026 to return to OTC compliance after correcting deferred tax liability and income tax provision valuations.
FRMO (OTCID:FRMO) announced on January 15, 2026 that certain previously issued financial statements should no longer be relied upon and that it will delay filing condensed consolidated financial statements for the three and six months ended November 30, 2025.
The Audit Committee, with management and CBIZ CPAs P.C., concluded restatements are required to correct the valuation of deferred tax liabilities and the provision for income taxes related to unrealized gains on investments, equity securities, and digital assets for years ended May 31, 2025 and 2024 and several interim periods (Affected Periods). The company said it does not believe the amendments will affect cash and cash equivalents, total assets, net income or loss from operations before income taxes, cash paid for income taxes, or cash flows from operations. FRMO will file a Notification of Late Filing and intends to restate the identified periods.
FRMO (OTC Pink: FRMO) announced a change in its independent certifying accountant effective November 5, 2025. The company terminated Baker Tilly US, LLP and engaged CBIZ CPAs P.C., a PCAOB-registered firm, to audit FRMO’s financial statements for the fiscal year ending May 31, 2026. The board and audit committee approved the change.
The company stated the change was not due to any disagreement with Baker Tilly on accounting principles, disclosure, or audit scope, and prior Baker Tilly reports for FY2025 and FY2024 contained no adverse or modified opinions. There were no consultations with CBIZ in the two most recent years through November 5, 2025.
FRMO (OTC Pink: FRMO) reported results for the fiscal 2026 first quarter ended August 31, 2025. Total book value was $590.4M and equity attributable to shareholders was $337.2M ($7.66/share), down from $651.2M and $353.0M ($8.02/share) at May 31, 2025. Current assets were $409.4M; total liabilities were $58.7M. FRMO reported a net loss attributable to the company of $15.9M ($0.36 diluted) versus net income $34.5M a year earlier. Excluding unrealized investment effects, adjusted net loss was $3.9M ($0.09).
Management will host a conference call on Oct 20, 2025 at 4:15 PM ET; registration required.
FRMO Corp. (OTC Pink: FRMO) has reported significant financial growth for fiscal year 2025. The company's total book value reached $651.2 million as of May 31, 2025, with shareholders' equity of $353.0 million ($8.02 per share), up from $242.1 million ($5.50 per share) in the previous year.
Annual net income attributable to FRMO increased to $107.5 million ($2.44 per diluted share) from $72.6 million ($1.65 per diluted share) year-over-year. However, the company reported a Q4 net loss of $35.2 million ($(0.80) per share), primarily due to unrealized losses from equity securities and investments.
Current assets grew to $471.8 million, with significant holdings in cash, equity securities, and digital assets. The company announced its Annual Meeting will be held on September 10, 2025, available both in-person and virtually.
FRMO Corp. (OTC Pink: FRMO) announced significant changes to its Board leadership structure. Murray Stahl, who has served as Chairman since the company's inception in 2001, has stepped down from his position but will continue as Chief Executive Officer. The Board has appointed Peter Doyle as the new Chairman and Rimmy Malhotra as Vice Chairman and Lead Independent Director. Following these changes, the Board size has been set to 8 members.
FRMO Corp. (OTC Pink: FRMO) has released its fiscal 2025 third quarter results ending February 28, 2025. The company's total book value reached $751 million, with shareholders' equity at $385 million ($8.74 per share), up from $242.1 million ($5.50 per share) at the end of May 2024.
Current assets increased to $567.2 million, primarily consisting of cash and equity securities. However, the company reported a quarterly net loss of $(28.7) million ($(0.65) per share) compared to a profit of $13 million ($0.30 per share) in the previous year. For the nine-month period, net income rose to $142.7 million ($3.24 per share) from $50 million ($1.14 per share).
The company's investment portfolio showed significant changes, with equity securities at fair value reaching $504.9 million and digital assets at $13.8 million. Total liabilities increased to $72.6 million, mainly due to securities sold and deferred taxes.
FRMO Corp reported significant financial growth in Q2 FY2025. Total book value reached $821.4 million ($18.66 per diluted share) as of November 30, 2024, including $407.8 million in non-controlling interests. Net income attributable to the Company surged to $136.9 million ($3.11 per diluted share) compared to $4.7 million ($0.11 per diluted share) year-over-year.
Current assets increased to $626.1 million, primarily consisting of cash, equivalents, and equity securities. The company's significant net income increase was attributed to a specific equity security investment. FRMO appointed Melinda J. Newman to its Board of Directors, bringing the total to nine members, with five being independent.
FRMO Corp has expanded its Board of Directors to nine members with the appointment of R. Rimmy Malhotra. The board now consists of nine directors, including five independent members. Malhotra, who serves as Managing Member and Portfolio Manager for Nicoya Fund LP, brings extensive experience in investment management. He previously managed the Gratio Values Fund and currently serves on the boards of HireQuest Inc and Optex System. The appointment comes as FRMO focuses on expanding and integrating several strategic investments approaching critical mass.