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

Forum Markets' (FRMM) quarterly Operating Expenses came in at $7.5 million in Q1 2026, up 280.88% year-on-year from $2.0 million in Q1 2025, and down 37.79% quarter-over-quarter from $12.0 million in Q4 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.

  • On a quarterly basis, Operating Expenses rose 280.88% year-over-year to $7.5 million in Q1 2026; TTM through Mar 2026 was $245.9 million, a 4489.73% increase from a year earlier, with the FY2025 full-year figure at $240.0 million, up 5331.03% from the prior year.
  • Operating Expenses slipped to $7.5 million in Q1 2026 per FRMM's latest filing, from $12.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $224.6 million in Q3 2025 and bottomed at $596172.0 in Q3 2024.
  • The 5-year median for Operating Expenses is $3.7 million (2022), against an average of $16.7 million.
  • Across the five-year window, Operating Expenses sank 83.15% in 2024 and jumped 37574.45% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $5.6 million in 2022, then slumped by 74.25% to $1.5 million in 2023, then plunged by 34.8% to $947035.0 in 2024, then surged by 1171.6% to $12.0 million in 2025, then tumbled by 37.79% to $7.5 million in 2026.
  • Per Business Quant, the three latest FRMM Operating Expenses figures stand at $7.5 million (Q1 2026), $12.0 million (Q4 2025), and $224.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Forum Markets 120.77 Mn 54.87 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