Forum Markets

Q2 FY2026 EarningsQ2 FY26 results missed consensus estimates across top and bottom-line metrics as the company navigates a major strategic shift toward digital assets and RWA tokenization. Revenue of $1.37M fell significantly short of the $3.10M expected, primarily due to the timing of new aircraft engine lease initiations. Normalized EPS of -$0.73 (Continuing Ops) was substantially wider than the -$0.31 mean consensus, weighed down by $10.3M in operating expenses and $12.8M in digital asset losses. While the company holds $48M in liquid resources, the pivot to AI infrastructure financing and new aircraft acquisitions introduces higher execution risk and capital intensity than previously modeled by analysts.