Event-Driven Stocks

FORUM MARKETS Inc

FRMMNasdaq

Financials · Finance Services · SEC filings ↗ · Compare ⊕

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Signs● 2 good● 3 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$6.5M—————
Operating income−$233.4M−$4.4M−$13.5M−$17.9M−$15.6M−$5.6M
Net income−$450.5M−$14.2M−$19.9M−$38.7M−$20.3M−$10.9M
Total assets$306.3M$12.8M$5.3M$19.7M$62.7M$55.5M
Total liabilities$66.9M$3.5M$5.4M$8.3M$23.4M$25.2M
Equity$239.4M$9.3M−$127,000$11.3M$39.3M$30.3M
EPS (diluted)$-54.32$-28.56$-52.59$-387.18$-12.96—
Shares out.5.2M852,7723.7M34.1M30.8M4.5M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−3565.8%
Net margin
−6881.3%
Return on equity
−188.2%
Return on assets
−147.1%
Return on capital (ROCE)
−88.0%
Liabilities / assets
21.8%
Debt / equity
0.28×
Book value / share
$46.17
Revenue growth (YoY)
—
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-8.25distress
Accruals / assets
−138.6%clean
Piotroski F-Score
2/7weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
46
/ 100
Profitability 0Growth n/aCatalyst 67Earnings quality 67Financial strength 50

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 2 severe● 3 warning● 2 good
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Negative operating cash flow
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Insider transactions

SEC Form 4 · most recent
10 acquisitions2 disposalsnet +5.1M shares · last 12
InsiderDateTypeSharesPrice
Dalton AngelaDirectorApr 2, 2026Grant203,562$0.00
Edwards Michael ADirectorApr 2, 2026Grant203,562$0.00
Suckling Andrew PDirectorApr 2, 2026Grant241,918$0.00
Smith Ryan LewisDirectorApr 2, 2026Grant241,918$0.00
Saunders John TazewellOfficer — Chief Financial OfficerApr 2, 2026Grant358,592$0.00
Rudisill McandrewOfficer — Chief Executive OfficerApr 2, 2026Grant1.9M$0.00
New Jason GriffinDirectorApr 2, 2026Grant241,918$0.00
Heter Crystal JaneDirectorApr 2, 2026Grant241,918$0.00
Smith Ryan LewisDirectorFeb 18, 2026J16,718$0.00
Saunders John TazewellOfficer — Chief Financial OfficerNov 12, 2025Grant109,312$0.00
Smith Ryan LewisDirectorDec 1, 2025Gift16,718$0.00
Rudisill McandrewOfficer — Chief Executive OfficerNov 12, 2025Grant1.4M$0.00

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20263.2M7.8-13.5%
Apr 30, 20263.7M1.0+17.5%
Apr 15, 20263.2M4.5-2.3%
Mar 31, 20263.2M12.5+8.0%
Mar 13, 20263.0M7.0+9.8%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)

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