Forum Markets (FRMM) Research & Development (2020 - 2025)
Forum Markets' Research & Development came in at $182,386 for Q2 2025, up 53.4% from $118,861 a year earlier but down 24.3% from the prior quarter.
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Analysis
Forum Markets (FRMM) Research & Development (2020 - 2025) Analysis & Trends
Over the trailing twelve months to Jun 30, 2025, Forum Markets reported Research & Development of $971,217, down 31.6% year-over-year; for FY2024, it came in at $1.4 million, down 39.2% from FY2023.
- Research & Development carries a five-year compound annual growth rate of -6.7% (FY2019 to FY2024).
- Going back by year, Research & Development was $2.3 million in FY2023 (+5.1%), $2.19 million in FY2022 (+119.0%), $1 million in FY2021 (-54.9%) and $2.22 million in FY2020 (+11.9%).
- The five-year range for quarterly Research & Development is -$36,112 (Q4 2023) to $972,113 (Q3 2023).
- Year-over-year, Research & Development increased in three of the last six quarters, with an average decline of 0.7%.
- The fastest year-over-year change in Research & Development over five years came in Q1 2022 (growth of 559.6%), and the weakest in Q2 2024 (a decline of 84.9%).
- Business Quant data shows FRMM's Research & Development at $240,905 (Q1 2025), $296,349 (Q4 2024) and $251,577 (Q3 2024) in the three quarters before Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 472.85 Mn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 849.00 Mn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 90.59 Mn |
| 10 | Forum Markets | 82.94 Mn | 82.94 Mn | 398,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | 182,386.00 |
| Mar 31, 2025 | 240,905.00 |
| Dec 31, 2024 | 296,349.00 |
| Sep 30, 2024 | 251,577.00 |
| Jun 30, 2024 | 118,861.00 |
| Mar 31, 2024 | 365,186.00 |
| Dec 31, 2023 | -36,112.00 |
| Sep 30, 2023 | 972,113.00 |
| Jun 30, 2023 | 789,441.00 |
| Mar 31, 2023 | 216,684.00 |
| Dec 31, 2022 | 503,360.00 |
| Sep 30, 2022 | 583,177.00 |
| Jun 30, 2022 | 446,358.00 |
| Mar 31, 2022 | 658,939.00 |
| Dec 31, 2021 | 311,552.00 |
| Sep 30, 2021 | 316,473.00 |
| Jun 30, 2021 | 246,613.00 |
| Mar 31, 2021 | 99,899.00 |
| Jun 30, 2020 | 351,005.00 |
| Mar 31, 2020 | 472,862.00 |
API Access
Forum Markets Research & Development 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=research-and-development&ticker=FRMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=FRMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();