Forum Markets (FRMM) Operating Expenses (2017 - 2026)
Forum Markets (FRMM) reported Operating Expenses of $10.34 million for Q2 2026, up 664.2% from $1.35 million a year earlier and up 38.0% from the prior quarter.
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Analysis
Forum Markets (FRMM) Operating Expenses (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Forum Markets' Operating Expenses came in at $254.48 million; for FY2025, it was $240 million.
- Operating Expenses has a five-year compound annual growth rate of 111.7% (FY2020 to FY2025).
- By year, Operating Expenses came in at $4.42 million in FY2024 (-67.2%), $13.48 million in FY2023 (-24.7%), $17.9 million in FY2022 (+14.4%) and $15.64 million in FY2021 (+176.9%).
- Five-year quarterly Operating Expenses spans a low of $596,172 in Q3 2024 and a high of $224.6 million in Q3 2025.
- Year over year, Operating Expenses gained in two of the last six quarters, with growth averaging 132.4%.
- The high point for year-over-year Operating Expenses in five years was Q2 2026 (growth of 664.2%); the low point was Q3 2024 (a decline of 83.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $7.49 million (Q1 2026), $12.04 million (Q4 2025) and $224.6 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.12 Bn | 6.93 Bn | - | 1.33 Bn |
| 2 | PayPal Holdings | 46.45 Bn | 4.68 Bn | - | 7.26 Bn |
| 3 | Block | 44.49 Bn | 15.75 Bn | 3.17 Bn | 2.72 Bn |
| 4 | Iren | 31.49 Bn | 19.08 Bn | 103.89 Mn | 128.25 Mn |
| 5 | Corpay | 25.78 Bn | 15.98 Bn | - | 260.40 Mn |
| 6 | Fiserv | 24.12 Bn | 20.82 Bn | 2.90 Bn | 4.28 Bn |
| 7 | Global Payments | 22.15 Bn | 588.57 Mn | 2.03 Bn | 2.98 Bn |
| 8 | Bitmine Immersion Technologies | 15.50 Bn | 12.88 Bn | 40.81 Mn | 52.67 Mn |
| 9 | Guidewire Software | 11.68 Bn | 8.25 Bn | 269.68 Mn | 207.36 Mn |
| 10 | Forum Markets | 82.43 Mn | 82.43 Mn | 398,000.00 | 10.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.34 Mn |
| Mar 31, 2026 | 7.49 Mn |
| Dec 31, 2025 | 12.04 Mn |
| Sep 30, 2025 | 224.60 Mn |
| Jun 30, 2025 | 1.35 Mn |
| Mar 31, 2025 | 1.97 Mn |
| Dec 31, 2024 | 947,035.00 |
| Sep 30, 2024 | 596,172.00 |
| Jun 30, 2024 | 1.85 Mn |
| Mar 31, 2024 | 2.09 Mn |
| Dec 31, 2023 | 1.45 Mn |
| Sep 30, 2023 | 3.54 Mn |
| Jun 30, 2023 | 3.68 Mn |
| Mar 31, 2023 | 4.80 Mn |
| Dec 31, 2022 | 5.64 Mn |
| Sep 30, 2022 | 4.06 Mn |
| Jun 30, 2022 | 4.52 Mn |
| Mar 31, 2022 | 3.68 Mn |
| Dec 31, 2021 | 4.46 Mn |
| Sep 30, 2021 | 4.22 Mn |
API Access
Forum Markets Operating Expenses 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=operating-expenses&ticker=FRMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=FRMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();