Forum Markets, Incorporated (FRMM) - Net Assets
Based on the latest financial reports, Forum Markets, Incorporated (FRMM) has net assets worth $445.14 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.01 Billion) and total liabilities ($564.18 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. Read Forum Markets, Incorporated debt and liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $445.14 Million |
| % of Total Assets | 44.1% |
| Annual Growth Rate | -38.26% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.99 |
Forum Markets, Incorporated - Net Assets Trend (2021–2024)
This chart illustrates how Forum Markets, Incorporated's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Forum Markets, Incorporated for the complete picture of this company's asset base.
Annual Net Assets for Forum Markets, Incorporated (2021–2024)
The table below shows the annual net assets of Forum Markets, Incorporated from 2021 to 2024. For live valuation and market cap data, see FRMM company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $9.25 Million | +7343.16% |
| 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 7284105800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $150.78 Million | 1629.67% |
| Total Equity | $9.25 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 |
|---|---|
|
CVC Technologies
TWO:4744
|
$55.71 Million |
|
Helport AI Limited Ordinary Shares
NASDAQ:HPAI
|
$55.72 Million |
|
Munjal Showa Limited
NSE:MUNJALSHOW
|
$55.72 Million |
|
Senko Co. Ltd
KQ:347000
|
$55.73 Million |
|
Incross Co. Ltd
KQ:216050
|
$55.70 Million |
|
K Auction Inc.
KQ:102370
|
$55.70 Million |
|
Phinergy Ltd
TA:PNRG
|
$55.70 Million |
|
Pulmonx Corp
NASDAQ:LUNG
|
$55.68 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 2023 to 2024, total equity changed from -127,733 to 9,251,911, a change of 9,379,644.
- Net loss of 6,168,177 reduced equity.
- New share issuances of 2,572,789 increased equity.
- Other factors increased equity by 12,975,032.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.17 Million | -66.67% |
| Share Issuances | $2.57 Million | +27.81% |
| Other Changes | $12.98 Million | +140.24% |
| Total Change | $- | % |
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: 2.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.01x to 2.01x 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 | $5.85 | x |
| 2022-12-31 | $57.52 | $5.85 | x |
| 2023-12-31 | $-0.24 | $5.85 | x |
| 2024-12-31 | $2.91 | $5.85 | 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): -66.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.38x
- Recent ROE (-66.67%) is above the historical average (-114.93%), indicating improving 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 |
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: $1,232,448,014
- Average return on equity (ROE) among peers: 1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forum Markets, Incorporated (FRMM) | $445.14 Million | -51.69% | 1.27x | $55.71 Million |
| Adobe Systems Incorporated (ADBE) | $9.36 Billion | 27.67% | 1.00x | $93.73 Billion |
| ADEIA CORP (ADEA) | $545.10 Million | -11.47% | 0.92x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $949.50 Million | 19.76% | 0.77x | $76.36 Billion |
| Autodesk Inc (ADSK) | $267.30 Million | 21.62% | 0.23x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $52.90 Million | 15.69% | 1.77x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $805.00 Million | 2.73% | 7.18x | $408.81 Million |
| Alkami Technology Inc (ALKT) | $344.61 Million | -13.59% | 0.27x | $1.72 Billion |
About Forum Markets, Incorporated
Forum Markets, Incorporated, doing business as Forum, operates a technology company focused on Ethereum-based infrastructure for the tokenization of real-world assets. The company develops platforms that enable the conversion of illiquid, institutional-grade assets into blockchain-based financial instruments using Ethereum Layer 2 protocols. It bridges traditional finance and blockchain technolog… Read more