Forum Markets Q2 revenue falls, maintains 2026 guidance

On Thursday, Forum Markets (NASDAQ: FRMM ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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For comprehensive financial data and transcripts, visit View the webcast at Summary Forum Markets, Inc reported a decrease in revenue to $1.4 million for Q2 2026, primarily due to eliminating $1.8 million in staking revenue as part of a strategic shift.

The company repurchased approximately 7.1 million shares, representing 35% of outstanding shares, as part of a disciplined capital allocation strategy.

Forum Markets, Inc is focusing on income-producing assets such as commercial aircraft engines and AI infrastructure, with plans to deploy significant capital in these areas for future revenue growth.

Net loss from continuing operations was $12.4 million, significantly improved from a $77.5 million loss in Q1, reflecting a cleaner operating expense structure.

The company maintained its full-year revenue guidance of $18-22 million, expecting a significant revenue contribution from AI infrastructure deployments in the second half of 2026.

Forum Markets, Inc continues to explore tokenization as a long-term strategy but is currently prioritizing cash-generating assets and operational growth.

Management emphasized a strong focus on disciplined capital allocation, with further stock repurchases considered based on market conditions.

Full Transcript Megan, Operator Hello and welcome to Forum Markets, Inc's second quarter 2026 earnings conference call.

During today's discussion, all callers will be placed in a listen-only mode.

Following management's prepared remarks, the call will be open for questions.

This call is being recorded on August 13, 2026, and a replay will be made available on the Forum Markets, Inc Investor Relations website later today.

I will now turn the call over to John Kristof, Senior Vice President, Corporate Communications and Investor Relations.

John Kristof, Senior Vice President, Corporate Communications and Investor Relations Thank you, Megan, hello, and thank you all for joining Forum Markets, Inc's second quarter 2026 financial results conference call.

Joining me on the call today are McAndrew Rudesill, Chairman and Chief Executive Officer, and John Saunders, Chief Financial Officer.

We hope you've had the opportunity to review our second quarter financial results issued earlier this morning.

We've also posted an earnings presentation to our Investor Relations website.

As a reminder, some of the matters we'll be discussing on this morning's call are forward-looking in nature.

Please keep in mind that actual results could differ materially from what is expressed in these forward-looking statements.

Forum Markets, Inc assumes no obligation to update the information, and we encourage you to refer to our most recent filings with the SEC for a discussion of factors that could cause actual results to differ materially from these statements.

During our call today, we may reference certain non-GAAP financial measures, which we believe provide meaningful information for investors.

A reconciliation of these non-GAAP measures to the corresponding GAAP measures can be found in our press release and presentation, both available on our Investor Relations website.

And with that, I'll turn the call over to McAndrew.

McAndrew Rudesill, Chairman and Chief Executive Officer Thank you, John, and good morning, everyone.

Thank you for joining us.

Since our last call, we have continued to execute against Forum Markets, Inc's operational strategy while taking a disciplined approach to allocating shareholder capital.

We are building Forum Markets, Inc by combining deep operating experience with disciplined capital allocation.

Operationally, our focus is on acquiring and managing cash-flowing assets with attractive risk-adjusted returns in large, scalable markets with moderate to high complexity and durable demand.

Our assets are intended to generate cash flow first, with the option to tokenize on regulated digital infrastructure second, as the market for tokenized real-world assets grows over time.

On the capital allocation side, we took decisive action in the quarter to return value to our fellow shareholders.

Given the disconnect between Forum Markets, Inc's market value and what we believe is the intrinsic value of the company, we determined that repurchasing a large percentage of our stock represented the most attractive use of capital available to us.

During the quarter, we repurchased approximately 7.1 million shares, about 35% of our shares outstanding prior to those repurchases.

All shares acquired under the program have been retired.

Our second quarter results reflect a deliberate capital allocation decision.