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Forum Markets, Incorporated

FRMM Health Care Biotechnology: Pharmaceutical Preparations
$3.31
▼ -6.6% Today
as of Oct 23, 13:47 ET
Last 30 days -25.56% Sep 14 → Oct 23
$3.09 $3.66 $4.23 $4.80 $5.37 Sep 14 Sep 22 Sep 30 Oct 07 Oct 15 Oct 23
Open
$3.47
High
$3.55
Low
$3.23
Volume
$270,616
Avg Vol
$730,693
Mkt Cap
$62M
P/E (TTM)
—
Beta
—
52w High
$24.44
52w Low
$1.76
Div Yield
—
Shares Out
$13M

Recent Press Releases & News last 60 days · 3 items

Oct 22 · 18:00 PR PR Newswire
Forum Announces Third Quarter 2026 Earnings Release Date and Webcast Details
Oct 17 · 05:14 Simply Wall St.
Forum Markets (NasdaqCM:FRMM) Stock Sees Fair Value Lift As Forum Edge AI Reframes Growth
Aug 24 · 18:02 MarketBeat
Forum Markets Eyes AI Compute Growth as Aircraft Engines Drive Cash Flow

FRMM earnings at a glance

The options market is pricing a move of about ±19.3% after the report, a range of roughly $2.67 to $3.95 from today's $3.31. Over its last 3 reports the stock rose the next day 3 times and fell 0, moving ±6.1% on average; after the most recent report on May 14, 2026 it moved +9.2%. That means options currently expect more movement than FRMM has typically delivered. Implied volatility is currently 119%. The share price of $3.31 sits near its 52-week low.

More Health Care stocks · All stocks · Earnings calendar

Overview

52-week range
$1.76
$24
7% of range
Avg surprise (last 0)
—
Avg reaction (last 3)
+6.1%
100% positive
Latest IV / EM
119%
EM ±19.3% · $5 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$-24.53$-18.39$-12.26$-6.12$0.01 Actual $-24.15Actual $-13.37Actual $-24.53Actual $-1.68Actual $0.01Actual $-5.43Actual $-0.67Actual $-0.30Actual $-16.80Actual $-3.64Actual $-0.73 MarJunSepMarJunSepMar/2025Jun/2025Sep/2025Mar/2026Jun
Revenue vs Net Income Revenue Net income
$-217M$-161M$-106M$-51M$4M Sep 24Mar 25Jun 25Sep 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Tue Jun 30, 2026Jun 2026 $-0.73 — — — — financials
Thu May 14, 2026Mar/2026 $-3.64 — — -443.3% +9.2% earnings
Fri Nov 14, 2025Sep/2025 $-16.80 — — — — earnings
Wed Jul 23, 2025Jun/2025 $-0.30 — — — +3.6% earnings
Thu May 15, 2025Mar/2025 $-0.67 — — — +5.4% earnings
Mon Sep 30, 2024Sep 2024 $-5.43 — — — — financials
Sun Jun 30, 2024Jun 2024 $0.01 — — — — financials
Sun Mar 31, 2024Mar 2024 $-1.68 — — — — financials
Sat Sep 30, 2023Sep 2023 $-24.53 — — — — financials
Fri Jun 30, 2023Jun 2023 $-13.37 — — — — financials
Fri Mar 31, 2023Mar 2023 $-24.15 — — — — financials

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue$1M$3M—$4M————
Cost of revenue$967,000———————
Gross profit$398,000———————
Operating income$-10M$-5M—$-220M$-1M$-2M—$-596,172
Net income$-13M$-76M—$-217M$-2M$-2M—$-836,720
EPS (diluted)$-0.73$-3.64—$-16.80$-2.36$-5.54—$-5.43

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$4M$66M$8M$53M$2M$4M$5M$194,920
Inventory————————
Total current assets$14M$83M$14M$562M$3M$4M$5M$1M
Total assets$159M$208M$306M$1.01B$11M$12M$13M$10M
Long-term debt$14M———————
Total liabilities$31M$39M$67M$564M$5M$4M$4M$7M
Total equity$128M$168M$239M$445M$5M$8M$9M$4M

Implied volatility — last 90 days

66%223%381%538%696% Jun 07 — IV 181% · EM ±25.0%Jun 08 — IV 171% · EM ±22.6%Jun 09 — IV 180% · EM ±22.5%Jun 10 — IV 208% · EM ±24.6%Jun 11 — IV 222% · EM ±24.6%Jun 12 — IV 219% · EM ±22.4%Jun 15 — IV 208% · EM ±15.1%Jun 16 — IV 341% · EM ±20.2%Jun 17 — IV 118% · EM ±4.9%Jun 19 — IV 99% · EM ±21.8%Jun 22 — IV 102% · EM ±21.3%Jun 23 — IV 100% · EM ±20.4%Jun 24 — IV 108% · EM ±21.7%Jun 25 — IV 98% · EM ±19.2%Jun 26 — IV 87% · EM ±16.6%Jun 29 — IV 219% · EM ±38.8%Jun 30 — IV 163% · EM ±28.1%Jul 01 — IV 216% · EM ±36.0%Jul 02 — IV 149% · EM ±24.1%Jul 03 — IV 154% · EM ±24.1%Jul 06 — IV 233% · EM ±32.2%Jul 07 — IV 193% · EM ±25.4%Jul 08 — IV 224% · EM ±28.1%Jul 09 — IV 222% · EM ±26.3%Jul 10 — IV 209% · EM ±23.1%Jul 13 — IV 395% · EM ±33.0%Jul 14 — IV 461% · EM ±33.4%Jul 15 — IV 595% · EM ±35.1%Jul 16 — IV 696% · EM ±29.1%Jul 20 — IV 201% · EM ±47.4%Jul 21 — IV 177% · EM ±41.2%Jul 22 — IV 174% · EM ±39.9%Jul 23 — IV 163% · EM ±36.6%Jul 24 — IV 162% · EM ±35.8%Jul 27 — IV 186% · EM ±38.8%Jul 28 — IV 165% · EM ±33.8%Jul 29 — IV 175% · EM ±35.0%Jul 30 — IV 176% · EM ±34.4%Jul 31 — IV 177% · EM ±33.9%Aug 03 — IV 180% · EM ±32.0%Aug 04 — IV 189% · EM ±32.5%Aug 05 — IV 192% · EM ±32.1%Aug 06 — IV 185% · EM ±29.9%Aug 07 — IV 189% · EM ±29.5%Aug 10 — IV 304% · EM ±42.1%Aug 11 — IV 227% · EM ±30.0%Aug 12 — IV 229% · EM ±28.7%Aug 13 — IV 214% · EM ±25.2%Aug 14 — IV 186% · EM ±20.5%Aug 17 — IV 274% · EM ±22.9%Aug 18 — IV 296% · EM ±21.4%Aug 19 — IV 501% · EM ±29.6%Aug 20 — IV 696% · EM ±29.1%Aug 24 — IV 167% · EM ±34.8%Aug 25 — IV 156% · EM ±31.9%Aug 26 — IV 167% · EM ±33.4%Aug 27 — IV 155% · EM ±30.3%Aug 28 — IV 156% · EM ±29.9%Aug 31 — IV 152% · EM ±26.9%Sep 01 — IV 131% · EM ±22.6%Sep 02 — IV 157% · EM ±26.2%Sep 03 — IV 159% · EM ±25.7%Sep 04 — IV 136% · EM ±21.2%Sep 07 — IV 153% · EM ±21.2%Sep 08 — IV 152% · EM ±20.1%Sep 09 — IV 151% · EM ±18.9%Sep 10 — IV 159% · EM ±18.8%Sep 11 — IV 158% · EM ±17.5%Sep 14 — IV 336% · EM ±28.0%Sep 15 — IV 237% · EM ±17.1%Sep 16 — IV 512% · EM ±30.3%Sep 17 — IV 100% · EM ±4.2%Sep 21 — IV 97% · EM ±20.3%Sep 22 — IV 87% · EM ±17.9%Sep 23 — IV 117% · EM ±23.3%Sep 24 — IV 88% · EM ±17.3%Sep 25 — IV 78% · EM ±14.9%Sep 28 — IV 105% · EM ±18.5%Sep 29 — IV 66% · EM ±11.4%Sep 30 — IV 117% · EM ±19.6%Oct 01 — IV 119% · EM ±19.3%

Sector peers

BOLD
Boundless Bio, Inc.
$60M $2.38-2.7%
CLNN
Clene Inc.
$57M $3.84+2.1%
HYPD
Hyperion DeFi, Inc.
$57M $2.83-8.6%
CING
Cingulate Inc.
$69M $4.75+1.9%
CTOR
Citius Oncology, Inc.
$71M $0.68-2.6%
PDSB
PDS Biotechnology Corporation
$51M $1.10-11.4%

FRMM earnings FAQ

What is FRMM's expected move for earnings?

Options currently price a move of about ±19.3%, or $0.64 per share either way from $3.31.

How does FRMM stock usually react to earnings?

Across the last 3 reports the average next-day move was ±6.1%, up 3 times and down 0 times.

What is FRMM's implied volatility?

FRMM's at-the-money implied volatility is about 119% based on the latest options snapshot.

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