FRMM
Forum Markets, Incorporated
NasdaqCMUSDEQUITY
Technology
DELAYED
Buy
+20/100
Last price
4.94
▲ 0.19 (3.96%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
4.67
Prev close
4.75
Day high
4.93
Day low
4.69
Volume
84.28K
Market cap
$64.01M
P/E (TTM)
—
52W range
1.76 – 24.44
Day trading desk
Gap from prior close
-1.68%
Prior close 4.75
VWAP
4.80
+2.84% from price
Relative volume
0.44×
Quiet session
Session range
5.74%
4.67 – 4.94
Position in range
100%
Near session high
ATR (14D)
0.25
5.07% of price
Prior day high
4.87
PDH
Prior day low
4.61
PDL
Bid / ask spread
—
Quote not published
Session volume
84.04K
Avg 189.98K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+0.41%
-1.5%
1M
-8.66%
-9.8%
3M
-18.62%
-23.1%
6M
+132.06%
+113.9%
YTD
-1.02%
-15.3%
1Y
-80.83%
-97.2%
3Y
-95.84%
-178.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
11 more panels on FRMM open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+3.36M
Net buying
Buy transactions
8
3.62M shares
Sell transactions
4
260.75K shares
Net transactions
+12
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
5.64M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 21, 26 | LOMASHUK KONSTANTIN Beneficial Owner of more than 10% of a Class of Security |
SELL | 250.00K | $1.50M | Indirect |
| Jul 15, 26 | LOMASHUK KONSTANTIN Beneficial Owner of more than 10% of a Class of Security |
SELL | 2.56K | $16.14K | Indirect |
| Jul 9, 26 | LOMASHUK KONSTANTIN Beneficial Owner of more than 10% of a Class of Security |
SELL | 3.39K | $20.85K | Indirect |
| Jul 8, 26 | LOMASHUK KONSTANTIN Beneficial Owner of more than 10% of a Class of Security |
SELL | 4.80K | $30.48K | Indirect |
| Apr 2, 26 | NEW JASON GRIFFIN Director |
STOCK | 241.92K | $0 | Direct |
| Apr 2, 26 | RUDISILL MCANDREW Chief Executive Officer |
STOCK | 1.88M | $0 | Direct |
| Apr 2, 26 | SMITH RYAN LEWIS Director |
STOCK | 241.92K | $0 | Direct |
| Apr 2, 26 | DALTON ANGELA Director |
STOCK | 203.56K | $0 | Direct |
| Apr 2, 26 | SUCKLING ANDREW P Director |
STOCK | 241.92K | $0 | Direct |
| Apr 2, 26 | HETER CRYSTAL JANE Director |
STOCK | 241.92K | $0 | Direct |
| Apr 2, 26 | SAUNDERS JOHN TAZEWELL Chief Financial Officer |
STOCK | 358.59K | $0 | Direct |
| Apr 2, 26 | EDWARDS MICHAEL A Director |
STOCK | 203.56K | $0 | Direct |
| Dec 1, 25 | SMITH RYAN LEWIS Director |
STOCK | 16.72K | $0 | Direct |
| Nov 14, 25 | NEW JASON GRIFFIN Director |
STOCK | 218.46K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
EDWARDS MICHAEL A |
Director | 203.56K | Stock Award(Grant) |
ELRAY RESOURCES INC |
Unknown | 1.32M | Sale |
HETER CRYSTAL JANE |
Director | 241.92K | Stock Award(Grant) |
JORDAN BLAIR |
Chief Executive Officer | — | Stock Award(Grant) |
LOMASHUK KONSTANTIN |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
NEW JASON GRIFFIN |
Director | 298.52K | Stock Award(Grant) |
RUDISILL MCANDREW |
Chief Executive Officer | 1.94M | Stock Award(Grant) |
SAUNDERS JOHN TAZEWELL |
Chief Financial Officer | 358.59K | Stock Award(Grant) |
SMITH RYAN LEWIS |
Director | 241.92K | Stock Award(Grant) |
SUCKLING ANDREW P |
Director | 241.92K | Stock Award(Grant) |
Fundamentals
Market cap$64.01M
Enterprise value$85.86M
Revenue (TTM)$10.77M
Gross profit$9.30M
EBITDA$-243.27M
Net income$-530.18M
EPS (TTM)$-1,728.98
Free cash flow$37.80M
Total cash$4.10M
Total debt$25.95M
Book value / share$9.68
Shares outstanding13.20M
Float9.33M
Short % of float37.52%
Dividend yield0.00%
Beta (5Y)1.50
Valuation & profitability ratios
Trailing P/E—
Forward P/E30.31
PEG ratio—
Price / sales—
Price / book0.50
EV / revenue7.97
EV / EBITDA-0.35
Gross margin86.32%
Operating margin-728.35%
Profit margin0.00%
Return on equity-796.17%
Return on assets-180.20%
Debt / equity20.31
Current ratio2.69
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $6.55M | $0 | $0 | $0 | — | — |
| Operating revenue | $6.55M | $0 | $0 | $0 | — | — |
| Research & development | — | $1.97M | $2.78M | $2.43M | $3.95M | — |
| Selling, general & admin | $240.00M | $4.42M | $10.69M | $15.47M | — | +5,331.0% |
| Total operating expense | $246.32M | $4.42M | $13.48M | $17.90M | — | +5,474.2% |
| Operating income | -$239.78M | -$4.42M | -$13.48M | -$17.90M | — | -5,326.0% |
| Net interest income | $1.49M | -$35.00K | -$44.83K | -$26.67K | — | +4,354.3% |
| Pre-tax income | -$443.53M | -$2.61M | -$22.28M | -$39.67M | — | -16,880.5% |
| Tax provision | $0 | $2.00K | -$2.35M | -$942.75K | — | -100.0% |
| Net income | -$450.52M | -$6.17M | -$19.94M | -$38.73M | — | -7,204.2% |
| Net income to common | -$450.52M | -$14.18M | -$19.94M | -$38.73M | — | -3,077.2% |
| Basic EPS | -55.18 | -67.39 | -525.90 | -3,871.80 | — | +18.1% |
| Diluted EPS | -55.18 | -67.39 | -525.90 | -3,871.80 | — | +18.1% |
| EBIT | -$440.48M | -$2.58M | -$22.24M | -$39.64M | — | -16,992.5% |
| EBITDA | -$440.48M | -$2.58M | -$22.13M | -$39.53M | — | -16,992.5% |
| Basic shares | 8.16M | 915.37K | 379.09K | 100.02K | — | +792.0% |
| Diluted shares | 8.16M | 915.37K | 379.09K | 100.02K | — | +792.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $8.02M | $4.57M | $1.98M | $6.97M | — | +75.6% |
| Cash & short-term investments | $8.02M | $4.57M | $1.98M | $6.97M | — | +75.6% |
| Total current assets | $13.57M | $5.14M | $3.64M | $8.93M | — | +163.9% |
| Goodwill & intangibles | — | $7.62M | $1.62M | $10.72M | $51.51M | — |
| Total assets | $306.30M | $12.76M | $5.26M | $19.65M | — | +2,299.7% |
| Total current liabilities | $40.93M | $3.50M | $5.06M | $5.66M | — | +1,067.7% |
| Current debt | $31.76M | $1.00K | $1.03M | $1.31M | — | +3,176,300.0% |
| Long-term debt | $25.95M | $6.62K | $19.94K | $31.19K | — | +392,131.0% |
| Total debt | $57.71M | $1.00K | $1.05M | $1.34M | — | +5,771,300.0% |
| Total liabilities | $66.88M | $3.51M | $5.39M | $8.31M | — | +1,804.3% |
| Retained earnings | -$592.04M | -$141.52M | -$127.34M | -$107.41M | — | -318.3% |
| Shareholder equity | $239.42M | $9.25M | -$127.73K | $11.34M | — | +2,487.7% |
| Working capital | -$27.36M | $1.64M | -$1.42M | $3.27M | — | -1,771.3% |
| Net tangible assets | $239.42M | $9.25M | -$1.75M | $622.06K | — | +2,487.7% |
| Shares issued | 19.01M | 3.18M | 534.72K | 197.21K | — | +498.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$443.53M | -$2.61M | -$19.94M | -$38.73M | — | -16,867.5% |
| Depreciation & amortisation | — | $58.28K | $105.67K | $109.00K | $109.95K | — |
| Stock-based compensation | $213.45M | $280.00K | $2.28M | $2.97M | — | +76,131.1% |
| Change in working capital | -$1.46M | $1.24M | -$14.10K | $2.72M | — | -218.1% |
| Operating cash flow | -$26.05M | -$1.17M | -$10.92M | -$12.13M | — | -2,124.8% |
| Investing cash flow | -$127.63M | $0 | — | — | $0 | — |
| Share buybacks | -$46.26M | $0 | $0 | -$1.01M | — | — |
| Financing cash flow | $158.15M | $4.03M | $5.91M | $10.87M | — | +3,822.4% |
| Free cash flow | -$26.05M | -$1.17M | -$10.92M | -$12.13M | — | -2,124.8% |
| End cash position | $9.03M | $4.57M | $1.98M | $6.97M | — | +97.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $1.36M | $2.86M | $2.44M | $4.11M | $0 | — | -52.3% |
| Operating revenue | $1.36M | $2.86M | $2.44M | $4.11M | $0 | — | -52.3% |
| Cost of revenue | $967.00K | — | — | — | $0 | — | — |
| Gross profit | $398.00K | — | — | — | $0 | — | — |
| Research & development | — | — | — | — | $322.76K | $376.36K | — |
| Selling, general & admin | $10.34M | $7.49M | $12.04M | $224.60M | $1.35M | — | +38.0% |
| Total operating expense | $7.66M | $11.38M | $18.37M | $224.60M | $1.35M | — | -32.7% |
| Operating income | -$7.26M | -$8.52M | -$15.93M | -$220.49M | -$1.35M | — | +14.8% |
| Net interest income | $139.00K | -$896.00K | $1.47M | $7.30K | $0 | — | +115.5% |
| Pre-tax income | -$12.42M | -$77.53M | -$231.52M | -$208.67M | -$1.35M | — | +84.0% |
| Tax provision | $0 | $0 | $0 | $0 | $0 | — | — |
| Net income | -$12.82M | -$76.26M | -$229.68M | -$216.74M | -$1.73M | — | +83.2% |
| Net income to common | -$12.82M | -$76.26M | -$229.68M | -$216.74M | -$1.73M | — | +83.2% |
| Basic EPS | -0.75 | -3.58 | -12.04 | -1,745.00 | -3.03 | — | +79.1% |
| Diluted EPS | -0.75 | -3.58 | -12.04 | -1,745.00 | -3.03 | — | +79.1% |
| EBIT | -$12.18M | -$76.53M | -$228.79M | -$208.35M | -$1.35M | — | +84.1% |
| EBITDA | -$11.25M | -$76.06M | -$228.79M | -$208.35M | -$1.35M | — | +85.2% |
| Basic shares | 17.07M | 21.30M | 19.06M | 124.18K | 570.81K | — | -19.9% |
| Diluted shares | 17.07M | 21.30M | 19.06M | 124.18K | 570.81K | — | -19.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.10M | $65.91M | $8.02M | $53.31M | $2.22M | — | -93.8% |
| Cash & short-term investments | $4.10M | $65.91M | $8.02M | $53.31M | $2.22M | — | -93.8% |
| Accounts receivable | $1.02M | $375.00K | — | — | — | — | +173.1% |
| Total current assets | $14.19M | $82.53M | $13.57M | $561.95M | $3.09M | — | -82.8% |
| Property, plant & equipment | $19.25M | $19.29M | — | — | — | — | -0.2% |
| Goodwill & intangibles | — | — | — | $0 | $7.62M | $7.62M | — |
| Total assets | $159.03M | $207.61M | $306.30M | $1.01B | $10.71M | — | -23.4% |
| Total current liabilities | $5.28M | $13.32M | $40.93M | $55.79M | $5.33M | — | -60.4% |
| Current debt | — | $251.00K | $31.76M | $50.49M | $1.41M | $148.39K | — |
| Long-term debt | $25.95M | $25.95M | $25.95M | $496.28M | — | $3.42K | 0.0% |
| Total debt | $25.95M | $27.10M | $57.71M | $546.76M | $1.41M | — | -4.3% |
| Total liabilities | $31.23M | $39.27M | $66.88M | $564.18M | $5.33M | — | -20.5% |
| Retained earnings | -$681.13M | -$668.31M | -$592.04M | -$362.36M | -$145.62M | — | -1.9% |
| Shareholder equity | $127.80M | $168.34M | $239.42M | $445.14M | $5.38M | — | -24.1% |
| Working capital | $8.91M | $69.20M | -$27.36M | $506.16M | -$2.24M | — | -87.1% |
| Net tangible assets | $127.80M | $168.34M | $239.42M | $445.14M | -$2.24M | — | -24.1% |
| Shares issued | 13.21M | 20.31M | 19.01M | 16.67M | 7.04M | — | -35.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$12.42M | -$77.53M | -$231.52M | -$208.70M | -$1.35M | — | +84.0% |
| Depreciation & amortisation | $936.00K | $473.00K | — | — | $0 | $0 | +97.9% |
| Stock-based compensation | $3.81M | $104.00K | $4.52M | $208.24M | $103.00K | — | +3,566.3% |
| Change in working capital | -$7.48M | -$13.61M | -$1.57M | -$636.41K | $255.00K | — | +45.0% |
| Operating cash flow | -$12.44M | -$20.45M | -$7.63M | -$16.04M | -$1.50M | — | +39.2% |
| Capital expenditure | — | -$16.81M | — | — | — | — | — |
| Investing cash flow | -$17.79M | $71.82M | $124.74M | -$252.37M | $0 | — | -124.8% |
| Share buybacks | — | — | -$30.14M | -$16.12M | — | — | — |
| Financing cash flow | -$31.57M | $5.50M | -$666.97M | $825.13M | -$5.00K | — | -673.7% |
| Free cash flow | -$12.44M | -$37.26M | $1.26M | -$24.93M | -$1.50M | — | +66.6% |
| End cash position | $4.10M | $65.91M | $9.03M | $558.90M | $2.18M | — | -93.8% |
Options analytics
Put / call volume
25.50
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
2.50
-48.5% from spot
ATM implied vol
6.3%
Nearest strike to spot
Skew (10% OTM)
-6.2%
Calls bid over puts
Call volume
2
Contracts, this expiry
Put volume
51
Contracts, this expiry
Heaviest call OI
5.00
0 contracts
Heaviest put OI
2.50
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.28 | -0.55 | -96.4% |
| Mar 2026 | -0.22 | -3.64 | -1,554.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.14 | 1 | $4.93M | — |
| Next quarter | 0.02 | 1 | $9.02M | — |
| Current year | -5.64 | 1 | $18.17M | — |
| Next year | 0.16 | 1 | $35.16M | +93.5% |
Analyst targets & ownership
Mean target$9.50
High target$10.00
Low target$9.00
Implied upside92.39%
Analyst count2
ConsensusSTRONG BUY
Strong buy / Buy0 / 1
Hold0
Sell / Strong sell0 / 0
Held by insiders42.72%
Held by institutions43.24%
Institutions holding48
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
4.89
+0.94% from price
SMA 20
4.77
+1.58% from price
SMA 50
5.34
-9.20% from price
SMA 100
5.30
-6.87% from price
SMA 200
4.64
+4.43% from price
EMA 12
4.85
+1.88% from price
EMA 26
4.99
-0.99% from price
EMA 50
5.15
-4.17% from price
RSI (14)
46.0
Neutral
MACD (12,26,9)
-0.14
Hist 0.03
ATR (14)
0.25
5.16% of price
Realised vol 30D
56.5%
Annualised
Bollinger upper
5.20
20, 2σ
Bollinger lower
4.35
20, 2σ
50 / 200 cross
Golden
5.34 vs 4.64
Trend bias
Above 200
+4.43%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.83
More volatile than market
Correlation to SPY
0.28
Largely independent
Realised vol 30D
56.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-93.0%
Peak to trough
Max drawdown 5Y
-100.0%
Peak to trough
ATR 14
0.25
5.16% of price
Beta (reported)
1.50
5Y monthly, from filing
Short interest
Shares short
2.18M
Prior 2.34M
Change vs prior
-6.8%
Shorts covering
% of float
37.52%
Heavily shorted
% of shares out
16.53%
Against total outstanding
Days to cover
18.0
Crowded exit
Float
9.33M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| May 15, 26 | Benchmark | MAINTAINED | Speculative Buy | Speculative Buy |
| Apr 7, 26 | Benchmark | INITIATED | — | Speculative Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split1:10
Split dateOct 20, 2025
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-10-05
Corporate Changes & Voting Matters
8-K · 2026-08-21
Corporate Changes & Voting Matters
8-K · 2026-08-19
Periodic Financial Reports
10-Q · 2026-08-14
Corporate Changes & Voting Matters
8-K · 2026-07-30
Corporate Changes & Voting Matters
8-K · 2026-07-16
Annual Report to Shareholders
ARS · 2026-07-09
Proxy Statements
DEF 14A · 2026-07-08
Headlines
Forum Markets Eyes AI Compute Growth as Aircraft Engines Drive Cash Flow
MarketBeat · 44d ago
Forum Markets Incorporated Shareholders Elect Directors, Approve Pay and Auditor
MarketBeat · 46d ago
Forum Markets Eye AI Compute, Aircraft Engines to Drive Cash Flow Growth
MarketBeat · 47d ago
Forum Markets Inc (FRMM) (Q2 2026) Earnings Call Highlights: Strategic Shift to AI Compute and ...
GuruFocus.com · 48d ago
Sidoti Events, LLC's August Micro-Cap Virtual Conference
ACCESS Newswire · 50d ago
Forum Markets Q2 Earnings Call Highlights
MarketBeat · 55d ago
Forum Markets Reports Second Quarter 2026 Financial Results
PR Newswire · 55d ago
Forum Announces Second Quarter 2026 Earnings Release Date and Webcast Details
PR Newswire · 72d ago
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