Forum Markets Q2 revenue falls on digital asset exit

Forum Markets

13/08/2026 13:17

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

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

Result Drivers
DIGITAL ASSET EXIT - Revenue fell sequentially due to elimination of digital asset staking income after sale of Ether holdings
CAPITAL ALLOCATION - Co prioritized share repurchases over acquiring new revenue-producing assets in Q2, per CEO McAndrew Rudisill
HIGHER EXPENSES - Q2 general and administrative expenses rose due to non-cash stock-based compensation and one-time charges related to business exits

Company press release: ID:nPn6F88XNa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.37 mln
 
Q2 Net Loss
 
$12.82 mln
 
Q2 Net Income from Cont Ops
 
-$12.42 mln
 
Q2 Operating Income
 
-$9.94 mln
 
Q2 Pretax Loss
 
$12.42 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 $10.00, about 61.6% above its August 12 closing price of $6.19

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)