ETHZilla Q3 revenue $4.1M from staking; John Saunders named CFO

FORUM MARKETS Inc

2025-Q3 EPS reported -$47.20 revenue$4,110,169

Revenue $4.1M from ETH staking and incentives; adjusted EBITDA $8.5M; net loss $208.7M from non-cash items.
Raised ~$931M institutional capital via PIPE and convertible notes; deployed ~$257M into liquid restaking protocols.
Appointed John Saunders as CFO effective after Q3 10-Q filing; Eric Van Lent steps down as principal accounting officer.
Repurchased 2.1M shares for $46.3M under $250M authorization through Nov 13.
Guidance: positive adjusted EBITDA in Q4; RWA tokenization revenue expected in coming weeks; L2 yield 3.5%-4.5%.

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