FRMO Corp swings to Q3 profit, driven by unrealized equity gains

FRMO

14/04/2026 22:12

Overview

US asset management advisory firm's fiscal Q3 consulting and advisory fees fell 61% yr/yr

Net income attributable to company swung to profit, driven by unrealized equity gains

Outlook

Company did not provide specific financial guidance for future periods in press release

Result Drivers

INCENTIVE FEES DROP - Co said consulting and advisory fees declined due to lower incentive fees from royalty participation with Horizon Kinetics Holding Corporation

UNREALIZED EQUITY GAINS - Net income swung to profit, primarily due to unrealized gains from equity securities

INVESTMENT GAINS - Other income, net, increased sharply, driven by gains from investments

Company press release: ID:nACS5ntzba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$861,000
Q3 Operating Income Before Tax
$308.97 mln


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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.)