--- title: "Forum Markets | 8-K: FY2026 Q1 Revenue: USD 2.859 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286415023.md" datetime: "2026-05-14T12:16:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286415023.md) - [en](https://longbridge.com/en/news/286415023.md) - [zh-HK](https://longbridge.com/zh-HK/news/286415023.md) --- # Forum Markets | 8-K: FY2026 Q1 Revenue: USD 2.859 M Revenue: As of FY2026 Q1, the actual value is USD 2.859 M. EPS: As of FY2026 Q1, the actual value is USD -3.58. EBIT: As of FY2026 Q1, the actual value is USD -3.632 M. ### Q1 2026 Financial Highlights #### Revenue Forum Markets, Incorporated reported total revenues of $2.9 million for the three months ended March 31, 2026, primarily driven by aircraft engine lease revenue of $1.1 million and staking revenue of $1.8 million. This compares to $0 thousand for the same period in 2025 . #### Gross Profit Gross profit for the three months ended March 31, 2026, was $2,859 thousand, an increase from $0 thousand in the prior year period . #### Operating Performance Selling, general and administrative expense increased to $7,492 thousand in Q1 2026 from $1,967 thousand in Q1 2025 . The operating loss was - $4,633 thousand for the three months ended March 31, 2026, compared to an operating loss of - $1,967 thousand for the same period in 2025 . Interest expense was - $1,001 thousand in Q1 2026, while other income was - $71,900 thousand . #### Net Income (Loss) Net loss from continuing operations was - $77,534 thousand for the three months ended March 31, 2026, primarily due to realized losses on disposition of digital assets, compared to a net loss of - $1,961 thousand for the same period in 2025 . The total net loss was - $76,264 thousand in Q1 2026, compared to - $2,369 thousand in Q1 2025 . Total comprehensive loss was - $76,466 thousand in Q1 2026, compared to - $2,434 thousand in Q1 2025 . #### Adjusted EBITDA Adjusted EBITDA loss was - $75,956 thousand for the three months ended March 31, 2026, compared to - $1,383 thousand for the same period in 2025 . Forum Markets, Incorporated reported an Adjusted EBITDA of -$76 million for Q1 2026, primarily attributed to realized losses on the disposition of digital assets . #### Cash and Cash Equivalents Cash and cash equivalents increased to $65,905 thousand as of March 31, 2026, from $8,018 thousand as of December 31, 2025 . #### Cash Flow Net cash used in operating activities was - $20,450 thousand for the three months ended March 31, 2026, compared to - $887 thousand for the same period in 2025 . Net cash provided by investing activities was $71,818 thousand in Q1 2026, while net cash provided by financing activities was $5,503 thousand . #### Asset and Shareholder Value As of April 30, 2026, the Total Asset Value for Forum Markets, Incorporated was $144.5 million . Total assets were $207,611 thousand as of March 31, 2026, down from $306,297 thousand as of December 31, 2025 . The Net Asset Value per share stood at $9.93, based on approximately 14.5 million shares outstanding as of April 30, 2026 . Total liabilities were $39,275 thousand as of March 31, 2026, compared to $66,879 thousand as of December 31, 2025 . Weighted average common stock outstanding for basic and diluted shares was 21,300 thousand for Q1 2026, compared to 354 thousand for Q1 2025 . #### Operational Targets and Other Key Metrics Forum Markets, Incorporated established AI Infrastructure Financing through short-term bridge loans for NVIDA GPU acquisition and deployment, targeting mid-teens annualized returns . For its AI Chip Infrastructure Token, the target annualized return is in the mid-teens, with a first deal commitment range of $25 million to $50 million . The company also references target rates of return for investment grade bonds at 4-6% and HY Savings at 3-4% . Approximately $25 million was deployed to repurchase 5.8 million shares after the quarter end, representing 28% of shares outstanding, which have been retired and cancelled . #### Outlook Forum Markets, Incorporated updated its full-year 2026 outlook to reflect capital deployed into its share repurchase program . The company now expects to exit 2026 with assets under management (AUM) between $100 million and $175 million, revised from prior guidance of $125 million to $200 million . Total revenue for 2026 is anticipated to be in the range of $18 million to $22 million, compared to prior guidance of $18 million to $26 million, and AUM at year-end 2027 is targeted between $250 million and $300 million, projected to result in 50% to 100% year-over-year revenue growth in 2027 . ### Related Stocks - [FRMM.US](https://longbridge.com/en/quote/FRMM.US.md) ## Related News & Research - [Forum Markets GAAP EPS of $0.06 beats by $0.28, revenue of $2.9M beats by $1.5M](https://longbridge.com/en/news/286415134.md) - [Forum Markets reports Q1 2026 revenue $2.9M, net loss $77.5M and $65.9M cash](https://longbridge.com/en/news/286416257.md) - [10:20 ETSHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Forum Markets, Incorporated (NASDAQ: FRMM)](https://longbridge.com/en/news/286117621.md) - [Nonwoven Fabric Market to Reach US$87.9 Billion by 2033 Amid Rising Hygiene and Medical Demand - Persistence Market Research](https://longbridge.com/en/news/286933689.md) - [FS KKR Capital to post investor presentations on website after market close](https://longbridge.com/en/news/286815114.md)