Forum Markets, Incorporated (FRMM) - Net Assets
Based on the latest financial reports, Forum Markets, Incorporated (FRMM) has net assets worth $168.34 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($207.61 Million) and total liabilities ($39.27 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore total assets of Forum Markets, Incorporated for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $168.34 Million |
| % of Total Assets | 81.08% |
| Annual Growth Rate | 57.08% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1213.4 |
Forum Markets, Incorporated - Net Assets Trend (2021–2025)
This chart illustrates how Forum Markets, Incorporated's net assets have evolved over time, based on quarterly financial data. Check FRMM tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Forum Markets, Incorporated (2021–2025)
The table below shows the annual net assets of Forum Markets, Incorporated from 2021 to 2025. For live valuation and market cap data, see FRMM company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $239.42 Million | +2487.74% |
| 2024-12-31 | $9.25 Million | +7343.23% |
| 2023-12-31 | $-127.73K | -101.13% |
| 2022-12-31 | $11.34 Million | -71.15% |
| 2021-12-31 | $39.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forum Markets, Incorporated's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 52336171400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | 0.00% |
| Other Comprehensive Income | $-2.99 Million | -1.25% |
| Other Components | $834.45 Million | 348.53% |
| Total Equity | $239.42 Million | 100.00% |
Forum Markets, Incorporated Competitors by Market Cap
The table below lists competitors of Forum Markets, Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alithya Group inc Class A
TO:ALYA
|
$75.05 Million |
|
DOMESCO Medical Import Export JSC
VN:DMC
|
$75.08 Million |
|
Union Auction Public Company Limited
BK:AUCT
|
$75.09 Million |
|
Red Robin Gourmet Burgers Inc
NASDAQ:RRGB
|
$75.09 Million |
|
Super Dragon Technology Co Ltd
TW:9955
|
$75.02 Million |
|
Jeil Pharm
KO:002620
|
$75.01 Million |
|
Inscobee
KO:006490
|
$74.97 Million |
|
Brixton Metals Corporation
V:BBB
|
$74.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forum Markets, Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,252,000 to 239,418,000, a change of 230,166,000 (2487.7%).
- Net loss of 450,521,000 reduced equity.
- Share repurchases of 46,263,000 reduced equity.
- New share issuances of 303,762,000 increased equity.
- Other comprehensive income decreased equity by 2,993,000.
- Other factors increased equity by 426,181,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-450.52 Million | -188.17% |
| Share Repurchases | $46.26 Million | -19.32% |
| Share Issuances | $303.76 Million | +126.88% |
| Other Comprehensive Income | $-2.99 Million | -1.25% |
| Other Changes | $426.18 Million | +178.01% |
| Total Change | $- | 2487.74% |
Book Value vs Market Value Analysis
This analysis compares Forum Markets, Incorporated's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.18x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.01x to 0.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $439.03 | $5.16 | x |
| 2022-12-31 | $57.52 | $5.16 | x |
| 2023-12-31 | $-0.24 | $5.16 | x |
| 2024-12-31 | $2.91 | $5.16 | x |
| 2025-12-31 | $29.32 | $5.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forum Markets, Incorporated utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -188.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6881.33%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.28x
- Recent ROE (-188.17%) is below the historical average (-129.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -51.69% | 0.00% | 0.00x | 1.59x | $-24.26 Million |
| 2022 | -341.38% | 0.00% | 0.00x | 1.73x | $-39.86 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-19.92 Million |
| 2024 | -66.67% | 0.00% | 0.00x | 1.38x | $-7.09 Million |
| 2025 | -188.17% | -6881.33% | 0.02x | 1.28x | $-474.46 Million |
Industry Comparison
This section compares Forum Markets, Incorporated's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $2,568,570,824
- Average return on equity (ROE) among peers: -5.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forum Markets, Incorporated (FRMM) | $168.34 Million | -51.69% | 0.23x | $75.04 Million |
| Adobe Systems Incorporated (ADBE) | $14.80 Billion | 32.59% | 0.84x | $87.82 Billion |
| ADEIA CORP (ADEA) | $301.41 Million | -98.16% | 3.02x | $2.94 Billion |
| Automatic Data Processing Inc (ADP) | $5.32 Billion | 25.04% | 3.76x | $90.25 Billion |
| Autodesk Inc (ADSK) | $303.10 Million | 5.08% | 0.76x | $48.93 Billion |
| AudioEye Inc (AEYE) | $7.63 Million | -80.30% | 1.39x | $71.03 Million |
| Agilysys Inc (AGYS) | $213.98 Million | 10.87% | 1.77x | $2.96 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $9.98 Million | 52.24% | 0.32x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $15.21 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.98 Million | 0.00% | 0.00x | $8.14 Million |
| Alight Inc (ALIT) | $4.74 Billion | -7.28% | 1.27x | $714.34 Million |
About Forum Markets, Incorporated
Forum Markets, Incorporated, a financial technology company, develops a blockchain-based platform focused on the acquisition, structuring, and tokenization of real-world assets worldwide. The company facilitates decentralized finance (DeFi) transactions and asset digitization across multiple Layer 2 Ethereum networks. It also provides tokenization solutions, DeFi protocol integration, blockchain … Read more