---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-037398"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:11:20.508658+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-037398
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390026037398/0001213900-26-037398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390026037398/ea0284284-8k_forum.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-037398
- JSON: https://secwatch.observer/filing/0001213900-26-037398.json
- Plain text: https://secwatch.observer/filing/0001213900-26-037398.txt

## Key facts
- Earnings Releases
  FORUM MARKETS Inc updated its the fourth quarter and full year ended December 31, 2025 guidance (initiated).
  - Period: the fourth quarter and full year ended December 31, 2025
  - Guidance: initiated
  - Result: reported results
  source text: On March 31, 2026, Forum Markets, Incorporated (the “ Company ”) issued a press release announcing its financial results for the fiscal quarter and year ended December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390026037398/0001213900-26-037398-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.