Forum Markets (FRMM) Invested Capital (2016 - 2026)
Forum Markets (FRMM) recorded Invested Capital of $153.75 million in Q2 2026, compared with $6.91 million a year earlier and down 21.1% from the prior quarter.
Powered by 
Analysis
Forum Markets (FRMM) Invested Capital (2016 - 2026) Analysis & Trends
For FY2025, Forum Markets reported Invested Capital of $297.38 million.
- Annual Invested Capital has a five-year compound annual growth rate of 54.1% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $9.25 million in FY2024 (+446.9%), $1.69 million in FY2023 (-87.9%), $13.99 million in FY2022 (-66.1%) and $41.28 million in FY2021 (+20.5%).
- Quarterly Invested Capital has ranged from -$165,588 in Q1 2024 to $495.62 million in Q3 2025 over the past five years.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 446.9% in Q4 2024, against a decline of 99.2% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $194.79 million (Q1 2026), $297.38 million (Q4 2025) and $495.62 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.93 Bn | 6.74 Bn | - | 19.56 Bn |
| 2 | PayPal Holdings | 45.74 Bn | 3.96 Bn | - | 33.22 Bn |
| 3 | Block | 44.49 Bn | 15.75 Bn | 3.17 Bn | 28.34 Bn |
| 4 | Iren | 30.93 Bn | 18.53 Bn | 103.89 Mn | 11.78 Bn |
| 5 | Corpay | 25.61 Bn | 15.81 Bn | - | 11.99 Bn |
| 6 | Fiserv | 24.13 Bn | 20.83 Bn | 2.90 Bn | 54.81 Bn |
| 7 | Global Payments | 21.34 Bn | -222.16 Mn | 2.03 Bn | 46.39 Bn |
| 8 | Bitmine Immersion Technologies | 15.51 Bn | 12.89 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 12.73 Bn | 9.30 Bn | 269.68 Mn | 1.87 Bn |
| 10 | Forum Markets | 80.04 Mn | 80.04 Mn | 398,000.00 | 153.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 153.75 Mn |
| Mar 31, 2026 | 194.79 Mn |
| Dec 31, 2025 | 297.38 Mn |
| Sep 30, 2025 | 495.62 Mn |
| Jun 30, 2025 | 6.91 Mn |
| Mar 31, 2025 | 8.01 Mn |
| Dec 31, 2024 | 9.25 Mn |
| Sep 30, 2024 | 4.69 Mn |
| Jun 30, 2024 | 453,294.00 |
| Mar 31, 2024 | -165,588.00 |
| Dec 31, 2023 | 1.69 Mn |
| Sep 30, 2023 | 205,774.00 |
| Jun 30, 2023 | 7.33 Mn |
| Mar 31, 2023 | 7.98 Mn |
| Dec 31, 2022 | 13.99 Mn |
| Sep 30, 2022 | 26.48 Mn |
| Jun 30, 2022 | 43.68 Mn |
| Mar 31, 2022 | 42.29 Mn |
| Dec 31, 2021 | 41.28 Mn |
| Sep 30, 2021 | 37.75 Mn |
API Access
Forum Markets Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=FRMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "FRMM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=FRMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();