Forum Markets (FRMM) Operating Expenses (2017 - 2026)
Forum Markets (FRMM) posted Operating Expenses of $10.3 million for Q2 2026, up 38.01% on a QoQ basis from $7.5 million in Q1 2026, and up 664.23% year-over-year from $1.4 million in Q2 2025.
Analysis
Forum Markets (FRMM) Operating Expenses (2017 - 2026) Analysis & Trends
Forum Markets has reported Operating Expenses for 10 years, with the latest figure at $10.3 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 664.23% year-over-year to $10.3 million in Q2 2026; TTM through Jun 2026 was $254.5 million, a 5132.74% increase from a year earlier, with the FY2025 full-year figure at $240.0 million, up 5331.03% from the prior year.
- Operating Expenses was $10.3 million for Q2 2026 at Forum Markets, up from $7.5 million in the prior quarter.
- The five-year high for Operating Expenses was $224.6 million in Q3 2025, with the low at $596172.0 in Q3 2024.
- Average Operating Expenses over 5 years is $16.4 million, with a median of $3.7 million recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 83.15% in 2024, then soared 37574.45% in 2025.
- Over 5 years, Operating Expenses stood at $5.6 million in 2022, then tumbled by 74.25% to $1.5 million in 2023, then sank by 34.8% to $947035.0 in 2024, then soared by 1171.6% to $12.0 million in 2025, then decreased by 14.14% to $10.3 million in 2026.
- The last three Operating Expenses figures came in at $10.3 million (Q2 2026), $7.5 million (Q1 2026), and $12.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.70 Bn | 39.92 Bn | 1.16 Bn | 1.33 Bn |
| 2 | Bullish | 5.43 Bn | 5.38 Bn | 15.53 Mn | -56.27 Mn |
| 3 | Canton Strategic Holdings | 494.45 Mn | 494.45 Mn | - | 2.70 Mn |
| 4 | Cypherpunk Technologies | 446.07 Mn | 446.07 Mn | - | 4.69 Mn |
| 5 | Coincheck | 267.10 Mn | 165.50 Mn | 11.20 Mn | 711.50 Mn |
| 6 | Exodus Movement | 226.48 Mn | -128.60 Mn | - | 44.71 Mn |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | 14,393.00 |
| 8 | Usbc | 194.07 Mn | 190.41 Mn | - | 28.10 Mn |
| 9 | TON Strategy | 187.68 Mn | 187.66 Mn | - | - |
| 10 | Forum Markets | 90.62 Mn | 90.62 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 |