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Forum Markets, Incorporated (FRMM) Stock Price, News & Analysis

FRMM NASDAQ
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Price Move History

Daily moves over 5%
87 252 sessions, October 30, 2025 to October 30, 2026
Largest daily move
+81% close of April 17, 2026
1-year change
-82.8% closing prices, October 30, 2025 to October 30, 2026
1-month change
-26.9% closing prices, September 30, 2026 to October 30, 2026

Company Description

Forum Markets, Incorporated (Nasdaq: FRMM) operates a digital asset platform focused on the tokenization of real-world assets. The company structures cash-generating financial assets for use on blockchain-based capital markets infrastructure, with an emphasis on institutional-grade asset classes and digital instruments tied to contractual cash-flow streams.

Forum's business approach connects traditional asset-finance and asset-management practices with blockchain infrastructure. Its materials describe a model built around originating, financing, warehousing or acquiring real-world assets before bringing those assets onto digital market architecture. The platform is intended to support primary issuance, asset administration and potential secondary market activity for tokenized financial instruments.

Business model and asset focus

The company's real-world asset focus includes credit and finance assets such as consumer credit, equipment finance, auto loans, manufactured housing finance, aviation assets and short-term infrastructure lending structures. Forum has described warehouse financing arrangements and bridge-lending activity as ways to aggregate or finance assets that may later be incorporated into tokenized product structures.

Forum uses blockchain infrastructure, including Ethereum and related Layer-2 scaling protocols, to support issuance and management of tokenized instruments. The company's stated economics include yield from assets before tokenization, tokenization-related activity and potential recurring asset-management fees over time. Its reported business strategy is centered on building infrastructure for alternative assets that have historically been originated, financed and distributed through traditional private-market channels.

Public-company profile

Forum Markets is headquartered in Palm Beach, Florida, and its common stock trades on the Nasdaq Stock Market under the symbol FRMM. The company has undergone a corporate transformation and recapitalization reflected in its public record; filings identify Forum Markets, Incorporated as formerly ETHZilla Corporation and formerly 180 Life Sciences Corp.

As a public company, Forum's corporate updates have included financial results, operational updates, capital actions, governance matters and agreements related to its common stock and digital-asset platform strategy. The company's current identity is defined by real-world asset tokenization, blockchain-enabled market infrastructure and finance assets that can generate cash flows before or alongside digital issuance.

Stock Performance

$3.51
+1.74%
+0.06
After hoursLast updated: October 30, 2026 at 19:02
-82.8%
Performance 1 year
$46.3M

Forum Markets, Incorporated (FRMM) closed at $3.45 on October 30, 2026. Over the past 12 months, the price has lost 82.8%.

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FRMM Metrics & Rankings

Price returns through October 30, 2026. Month-to-date and YTD include the first trading day. Ranking links may use different dates.

Latest News

Forum Markets, Incorporated has 10 recent news articles, with the latest published 5 days ago. Of the recent coverage, 4 articles coincided with positive price movement and 5 with negative movement. Key topics include AI, earnings date, partnership, earnings, acquisition. View all FRMM news →

Financial Highlights

Forum Markets, Incorporated generated $6.5M in revenue in FY2025, operating income reached -$233.4M, and net income was -$450.5M. Diluted earnings per share stood at -$54.32. The company generated -$26.1M in operating cash flow. The current ratio was 0.33, measuring current assets divided by current liabilities.

$6.5M
Revenue (FY2025)
-$450.5M
Net Income (FY2025)
-$26.1M
Operating Cash Flow

Upcoming Events

NOV
12
November 12, 2026 Earnings

Q3 2026 Earnings Call

Live webcast of Q3 2026 results at 10:30 a.m. EST; replay available for ~one year in the investor section on company website.
DEC
21
December 21, 2026 - January 10, 2027 Operations

GPU deployment

Deployment of Nvidia B300 GPUs at Forum Edge's Dallas data center (36-month contract with Fireworks; prepaid deposit credited).
DEC
31
December 31, 2026 Financial

Year-end 2026 AUM target

Company guidance sets year-end 2026 AUM target of $100-$175 million; investors will watch progress via quarterly reports/updates
JAN
01
January 1, 2027 - April 30, 2027 Financial

Positive cash flow

Forum Markets expects to achieve positive cash flow in early 2027; milestone window Jan 1–Apr 30, 2027 for investors to monitor.
JAN
01
January 1, 2027 - April 30, 2027 Operations

Cash-flow target

Company targets achieving cash-flow-positive operations in early 2027 (Jan 1–Apr 30); milestone may affect liquidity and valuation.
JUN
30
June 30, 2027 Financial

Share buyback expiry

Board extended the share repurchase program through 2027-06-30 with a $100 million total authorization; ~7.1M shares repurchased.

Forum Markets, Incorporated has 6 upcoming scheduled events. The next event, "Q3 2026 Earnings Call", is scheduled for November 12, 2026 (in 12 days). 1 of them is an earnings release or call. 3 of them are financing or capital events, such as a dividend or a debt maturity. Investors can track these dates to stay informed about potential catalysts that may affect the FRMM stock price.

Short Interest History

Last 12 Months

Short interest in Forum Markets, Incorporated (FRMM) currently stands at 2.3 million shares, up 4.9% from the previous reporting period, representing 30.3% of the float. Since March 2026, short interest has decreased by 23.8%.

Days to Cover History

Last 12 Months

Days to cover for Forum Markets, Incorporated (FRMM) currently stands at 18.0 days, down 7.4% from the previous period. The ratio is the reported short interest divided by the average daily trading volume. Since March 2026, the figure has increased by 156.2%. Across the settlements charted above, it has ranged from 1.0 to 19.4 days.

FRMM Company Profile & Sector Positioning

Forum Markets, Incorporated (FRMM) operates in the Software - Application industry within the broader Technology sector and is listed on the NASDAQ.

Frequently Asked Questions

What is the current stock price of Forum Markets, Incorporated (FRMM)?

The current stock price of Forum Markets, Incorporated (FRMM) is $3.51 in after-hours trading as of October 30, 2026.

What is the market cap of Forum Markets, Incorporated (FRMM)?

The market cap of Forum Markets, Incorporated (FRMM) is approximately $46.3M. Learn more about what market capitalization means .

What is the revenue of Forum Markets, Incorporated (FRMM) stock?

The FY2025 revenue of Forum Markets, Incorporated (FRMM) is $6.5M, from its most recent completed fiscal year.

What is the net income of Forum Markets, Incorporated (FRMM)?

The FY2025 net income of Forum Markets, Incorporated (FRMM) is -$450.5M, from its most recent completed fiscal year.

What is the earnings per share (EPS) of Forum Markets, Incorporated (FRMM)?

The diluted earnings per share (EPS) of Forum Markets, Incorporated (FRMM) is -$54.32 for FY2025, its most recent completed fiscal year. Learn more about EPS .

What is the operating cash flow of Forum Markets, Incorporated (FRMM)?

The operating cash flow of Forum Markets, Incorporated (FRMM) is -$26.1M for FY2025, its most recent completed fiscal year. Learn about cash flow.

What is the current ratio of Forum Markets, Incorporated (FRMM)?

The current ratio of Forum Markets, Incorporated (FRMM), current assets divided by current liabilities, was 0.33 at the end of FY2025, its most recent completed fiscal year. Learn about liquidity ratios.

What is the operating income of Forum Markets, Incorporated (FRMM)?

The operating income of Forum Markets, Incorporated (FRMM) is -$233.4M for FY2025, its most recent completed fiscal year. Learn about operating income.

What does Forum Markets, Incorporated do?

Forum Markets operates a digital asset platform focused on tokenizing real-world assets. The company structures cash-generating financial assets for use on blockchain-based capital markets infrastructure.

What types of real-world assets does Forum Markets focus on?

Company materials identify credit and finance assets such as consumer credit, equipment finance, auto loans, manufactured housing finance, aviation assets and short-term infrastructure lending structures.

How does Forum Markets' business model work?

Forum's model combines asset origination, financing or warehousing with blockchain-based issuance and asset administration. The company has described economics from asset yield before tokenization, tokenization activity and potential recurring asset-management fees.

What blockchain infrastructure does Forum Markets use?

Forum has described using Ethereum and related Layer-2 scaling protocols to support issuance, management and potential secondary trading of tokenized financial instruments.

Where is Forum Markets headquartered?

Forum Markets is headquartered in Palm Beach, Florida.

Where does Forum Markets' common stock trade?

Forum Markets' common stock trades on the Nasdaq Stock Market under the ticker symbol FRMM.

What corporate history is associated with Forum Markets?

Public filings identify Forum Markets, Incorporated as formerly ETHZilla Corporation and formerly 180 Life Sciences Corp., reflecting a completed corporate transformation into its current digital-asset platform identity.