Quarterly ResultMay 15, 2026, 04:34 PM
Forum Markets Q1 Net Loss Widens to $76.26M; Revenue $2.86M
AI Summary
Forum Markets Inc. (formerly ETHZilla Corporation) reported a substantial increase in net loss for the first quarter of 2026, reaching $76.26 million, compared to a net loss of $2.37 million in the prior year period. Total revenue for the quarter was $2.86 million, primarily from aircraft engine rental and staking, up from no revenue in Q1 2025. The company's total assets decreased to $207.61 million from $306.30 million at year-end 2025, largely due to a significant reduction in staking receivables and digital assets, while cash and cash equivalents saw a notable increase. The company also completed a name change and ticker symbol update during the quarter.
Key Highlights
- Net Loss for Q1 2026 widened to $76.26 million from $2.37 million in Q1 2025.
- Total Revenue for Q1 2026 was $2.86 million, up from $0 in Q1 2025.
- Cash and cash equivalents increased to $65.91 million from $8.02 million at December 31, 2025.
- Digital assets decreased to $28.31 million from $61.59 million at December 31, 2025.
- Staking receivables decreased to $0 from $181.01 million at December 31, 2025.
- Total Assets decreased to $207.61 million from $306.30 million at December 31, 2025.
- Net cash provided by investing activities was $71.82 million, including $128.10 million from sale of cryptocurrency.
- Company changed its name to Forum Markets, Inc. and ticker to FRMM effective February/March 2026.
Price Impact
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