Forum Markets Q2 revenue falls on digital asset exit
FRMM•Outlook
- Forum Markets maintains full-year 2026 revenue guidance of $18 mln to $22 mln
- Company expects revenue to be weighted toward the second half of 2026
- Forum targets cash-flow-positive operations by early 2027
Overview
- US asset operator's Q2 revenue fell sequentially due to exit from digital asset staking
- Company repurchased about 35% of shares outstanding and retired all repurchased shares
- Full-year 2026 revenue guidance maintained at $18 mln to $22 mln
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the miscellaneous fintech infrastructure peer group is "buy"
- Wall Street's median 12-month price target for Forum Markets, Inc is , about above its August 12 closing price of
