Forum Markets FRMM
NASDAQ FRMM
$5.31 -0.23 (-4.15%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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