NASDAQ$FRMM
Forum Markets Inc · Q2 2026 earnings
Q2 2026 earnings · · Before market open
Briefing
Forum Markets reported Q2 2026 revenue of $1.365 million and a net loss from continuing operations of $12.421 million.
Forum Markets Inc (FRMM) reported second quarter 2026 results on August 13, 2026, showing revenue of $1.365 million, down sequentially due to the elimination of digital asset staking revenue after selling most Ether holdings. The company executed a significant share repurchase of approximately 7.1 million shares (35% of prior outstanding), reducing shares to about 13.2 million, and maintained full-year 2026 revenue guidance of $18-22 million. Total assets stood at $159.1 million as of June 30, 2026, with post-quarter deployments into additional aircraft engines.
- Q2 revenue $1.365 million vs. $0 in Q2 2025; sequential decline from $2.9 million in Q1 due to loss of $1.8 million staking revenue.
- Net loss from continuing operations $12.421 million; operating loss $9.942 million; adjusted EBITDA loss improved to $7.4 million.
- Repurchased and retired 7.1 million shares at average $4.42, extending buyback program with $100 million authorization.
- Maintained FY 2026 revenue guidance $18-22 million; post-quarter acquired two more leased aircraft engines for $23.7 million.
Headline financials
Revenue & EPS history
ETHZilla Corp · Revenue · Quarterly
$1.37M
Revenue by segment
ETHZilla Corp · $2.86M total across 2 segments · Q1 2026
- Staking$1.77M—61.9%
- Aircraft Engine Rental$1.09M—38.1%
Forward guidance
Maintaining full-year 2026 revenue guidance of $18 million to $22 million, weighted toward the back half; targeting cash-flow-positive operations by early 2027.
Tailwinds
- Revenue guidance maintained despite Q2 transition.
- Post-quarter asset deployments into revenue-generating engines.
- Improved operating expense visibility and EBITDA trend.
Headwinds
- Revenue not expected to grow linearly quarter to quarter.
- Ongoing cash burn and strategic alternatives process uncertainty.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 9 quarterly earnings reports
-3.0%
Avg return
Earnings day
-6.6%
Avg return
5 days after
-9.3%
Avg return
30 days after
40%
4 / 10 earnings
Positive
+5.9%
Q4 2020
Best reaction
-23.7%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -23.7% | -14.4% | +10.1% | |
| Q3 2025 | -8.2% | -29.7% | -51.1% | |
| Q2 2025 | +3.6% | +31.7% | +49.3% | |
| Q1 2025 | +5.4% | +3.6% | -11.3% | |
| Q3 2024 | -7.3% | -18.7% | -33.2% | |
| Q2 2024 | -3.4% | +2.3% | +0.1% | |
| Q1 2024 | -3.0% | -23.5% | -22.5% | |
| Q4 2021 | -0.8% | -7.3% | -18.8% | |
| Q3 2021 | +1.5% | -11.0% | -0.7% | |
| Q4 2020 | +5.9% | +0.5% | -14.5% |
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