Forum Markets Launches Nvidia GPU Bridge Loans, Repurchases $25M Shares, Sets $100M-$175M AUM
FRMM•Forum Markets reported first-quarter revenue of $2.9 million and a net loss of $77.5 million from digital asset dispositions. The company launched Nvidia GPU-backed bridge financing targeting mid-teens returns, repurchased $25 million of shares (28% outstanding) and revised 2026 AUM guidance to $100–$175 million.
1. First Quarter 2026 Results
Forum Markets generated $2.9 million in revenue for the quarter ended March 31, 2026, driven by $1.1 million in aircraft engine lease revenue and $1.8 million in staking revenue. The company recorded a net loss of $77.5 million due to realized losses on digital asset dispositions and held $65.9 million in cash and equivalents at quarter end.
2. Entry into AI Infrastructure Financing
The company has initiated short-term bridge loans for the acquisition and deployment of Nvidia GPUs in AI data centers, targeting mid-teens annualized returns. This strategy aims to produce immediate yield and establish a scalable origination pipeline of institutional-grade assets for tokenization.
3. Share Repurchase and Strategic Review
After quarter end, Forum Markets deployed approximately $25 million to repurchase and retire 5.8 million shares, representing 28% of outstanding shares. A special committee of independent directors has been formed to evaluate strategic alternatives and maximize shareholder value.
4. Updated AUM and Revenue Guidance
Forum Markets now expects to exit 2026 with $100 million to $175 million in assets under management, down from prior guidance of $125 million to $200 million, reflecting capital allocated to share repurchases. Total revenue for 2026 is projected at $18 million to $22 million, while 2027 AUM is targeted at $250 million to $300 million for 50%–100% year-over-year growth.
