secwatch.observer — SEC 8-K summary
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Issuer:     FORUM MARKETS Inc (FRMM)
CIK:        0001690080
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0001213900-26-037398
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690080/000121390026037398/0001213900-26-037398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690080/000121390026037398/ea0284284-8k_forum.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-037398

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer