Forum Markets Sets 2026 AUM Guidance at $125M–$200M, Expects 2027 Cash Flow
Forum Markets reported Q4 2025 results and set 2026 guidance targeting $125m–$200m AUM by year-end with positive cash flow expected in 2027. The company acquired 20% in Karus and 15% in Zippy, launched Eurus Aero Token I, secured $4.7m home loans (10.36% yield) plus $10m auto loan facility (12–13% yield).
1. Q4 2025 Results and 2026 Guidance
Forum Markets reported its fourth quarter and full-year 2025 financial results and introduced guidance to exit 2026 with $125 million to $200 million in assets under management, projecting the business to achieve positive cash flow in 2027.
2. Strategic Partnerships and Rebrand
During 2025 the company acquired a 20% stake in Karus, an AI-driven auto credit analytics platform, and a 15% stake in Zippy, a manufactured housing lender, while completing its rebrand from ETHZilla Corporation to Forum Markets under the FRMM ticker.
3. Launch of Tokenized Assets and Yield Generation
Forum launched the Eurus Aero Token I, an Ethereum L2 asset backed by leased jet engines, and acquired a $4.7 million home loan portfolio yielding 10.36%, alongside establishing a $10 million auto loan warehouse facility targeting 12–13% annualized yield.
4. Balance Sheet Moves and Governance Upgrades
The company eliminated direct Ether exposure through asset sales and hedging, reallocated capital toward income-generating real-world assets, and strengthened its board with two independent directors and appointed a new general counsel to support scaling efforts.