Forum Markets (FRMM) Operating Expenses (2017 - 2026)

Forum Markets (FRMM) recorded quarterly Operating Expenses of $7.5 million in Q1 2026, down 37.79% quarter-over-quarter from $12.0 million in Q4 2025, and up 280.88% on a YoY basis from $2.0 million in Q1 2025.

Forum Markets (FRMM) Operating Expenses (2017 - 2026) Analysis & Trends

Forum Markets' Operating Expenses history runs 10 years deep, the most recent figure standing at $7.5 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 280.88% year-over-year to $7.5 million; the TTM figure through Mar 2026 stood at $245.9 million (up 4489.73% YoY), while the FY2025 annual figure was $240.0 million, up 5331.03% from the prior year.
  • Operating Expenses was $7.5 million for Q1 2026 at Forum Markets, down from $12.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $224.6 million in Q3 2025 to a low of $596172.0 in Q3 2024.
  • Historically, Operating Expenses has averaged $16.7 million across 5 years, with a median of $3.7 million in 2022.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 83.15% in 2024, then surged 37574.45% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $5.6 million in 2022, then plunged by 74.25% to $1.5 million in 2023, then slumped by 34.8% to $947035.0 in 2024, then surged by 1171.6% to $12.0 million in 2025, then sank by 37.79% to $7.5 million in 2026.
  • The last three Operating Expenses figures came in at $7.5 million (Q1 2026), $12.0 million (Q4 2025), and $224.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 262.33 Bn 244.36 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 173.49 Bn 170.93 Bn - -269.42 Mn
3 Salesforce 158.80 Bn 146.96 Bn 8.56 Bn 6.22 Bn
4 Shopify 144.36 Bn 138.62 Bn 1.55 Bn 1.16 Bn
5 Uber Technologies 144.25 Bn 143.21 Bn 11.88 Bn 11.28 Bn
6 ServiceNow 118.74 Bn 113.56 Bn 2.83 Bn 2.33 Bn
7 Cadence Design Systems 107.33 Bn 105.92 Bn 1.26 Bn 1.04 Bn
8 Adobe 100.50 Bn 93.61 Bn 5.73 Bn 3.32 Bn
9 Automatic Data Processing 92.49 Bn 89.26 Bn 2.87 Bn 4.23 Bn
10 Forum Markets 112.04 Mn 46.13 Mn - 7.49 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 7.49 Mn
Dec 31, 2025 12.04 Mn
Sep 30, 2025 224.60 Mn
Jun 30, 2025 1.73 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
Jun 30, 2021 4.01 Mn