Forum Markets reports FY 2025 rev $6.5M, net loss $450.5M; guides FY 2026 rev $18-26M

FORUM MARKETS Inc

FY 2025 revenue $6.5M; Q4 revenue $2.4M; net loss from continuing ops $450.5M primarily from non-recurring stock-based comp.
Adjusted EBITDA -$218.5M for full year 2025.
FY 2026 guidance: revenue $18-26M, exit AUM $125-200M; targeting FY 2027 AUM $300-400M.
Acquired 20% stake in Karus (AI auto credit), 15% in Zippy (manufactured housing); launched Eurus Aero Token; $4.7M home loans.
Appointed Angela Dalton and Michael Edwards as independent directors; Robert Spake as General Counsel.

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