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Filing Flows › Forum Markets (FRMM) › Q1 2026 › vs Q4 2025

Forum Markets (FRMM) Q1 2026 vs Q4 2025 (quarter over quarter)

Forum Markets's revenue rose $422K (+17%) from $2.4M in Q4 2025 to $2.9M in Q1 2026.

Forum Markets, Q1 2026: revenue $2.9M, operating margin -162.0%, net loss $76.3M, operating cash flow −$20.4M. The chart draws each line against Q4 2025, the increases inside each band.

Forum Markets: what changed, Q1 2026 vs Q4 2025Forum Markets: what changed, Q1 2026 vs Q4 2025Working capital & other−$162MCosts & expenses−$154MNet loss−$153MOperating cash sources−$153MNet loss absorbed−$153MInterest & other, net−$149MCash used in operations$12.8MOperating costs−$4.6MShare-based compensation−$4.4MIncome tax benefit−$570K

Every line

LineQ1 2026Q4 2025Change%
Revenue$2.9M$2.4M$422K+17%
Income tax benefit$1.3M$1.8M−$570K-31%
Net loss$76.3M$230M−$153M-67%
Costs & expenses$80.4M$234M−$154M-66%
Operating costs$7.5M$12.0M−$4.6M-38%
Interest & other, net$72.9M$222M−$149M-67%
Operating cash sources$76.3M$230M−$153M-67%
Depreciation & amortization$473K$0$473K—
Share-based compensation$104K$4.5M−$4.4M-98%
Working capital & other$55.2M$218M−$162M-75%
Cash used in operations$20.4M$7.6M$12.8M+168%
Net loss absorbed$76.3M$230M−$153M-67%

Questions

How much did Forum Markets's revenue grow quarter over quarter in Q1 2026?

Forum Markets's revenue rose $422K (+17%) from $2.4M in Q4 2025 to $2.9M in Q1 2026.

Q1 2026 results → · Compare in the interactive Sankey →