High Profitability And MarginsFRMO reports exceptionally high margins reflecting minimal operating cost structure typical for a holding company. Durable margin strength supports internal capital accumulation, funds opportunistic deployments, and reduces reliance on external financing, strengthening medium-term resilience.

Very Low Leverage And Strong Balance SheetAn almost negligible debt load and rising equity provide strong financial flexibility. This durable capital structure lowers solvency risk, preserves optionality to acquire or support portfolio positions, and allows the firm to absorb investment volatility without forced capital raises.

Improving Cash GenerationA near-doubling of free cash flow and a high operating cash flow to net income ratio indicate improving cash quality. Sustained FCF growth enhances the company's ability to reinvest, fund opportunistic purchases or returns, and provides a buffer versus lumpy investment realizations.

Bears Say

Significant Revenue DeclineA steep revenue drop likely reflects fewer realized gains or lower income from holdings. For an investment holding company, prolonged declines reduce distributable cash and reinvestment capacity, which can impair growth initiatives and limit value-creation opportunities over the medium term.

Volatile Free Cash Flow HistoryMaterial variability in free cash flow complicates budgeting and consistent capital deployment. Because FRMO depends on investment exits and receipts, FCF volatility raises execution risk for acquisitions, support of portfolio companies, or steady shareholder distributions over several quarters.

Concentrated Investment-based Revenue ModelThe business relies on capital-market outcomes and discrete realization events rather than recurring operating revenues. This structural concentration increases earnings cyclicality and reduces predictability of growth and cash generation, challenging multi-quarter planning and steady organic expansion.

FRMO News

FRMO Corporation Reports Strong Revenue Growth and Profit

FRMO Corporation ( ($FRMO) ) has released its Q4 earnings. Here is a breakdown of the information FRMO...

6M ago

FRMO

FRMO Corp’s Earnings Call: Optimism Amid Challenges

FRMO Corporation (($FRMO)) has held its Q3 earnings call. Read on for the main highlights of the call....

10M ago

FRMO

FRMO FAQ

What was FRMO Corporation’s price range in the past 12 months?

FRMO Corporation lowest stock price was $7.03 and its highest was $9.69 in the past 12 months.

What is FRMO Corporation’s market cap?

FRMO Corporation’s market cap is $352.18M.

When is FRMO Corporation’s upcoming earnings report date?

FRMO Corporation’s upcoming earnings report date is Apr 09, 2026 which is in 38 days.

How were FRMO Corporation’s earnings last quarter?

FRMO Corporation released its earnings results on Jan 08, 2026. The company reported -$0.296 earnings per share for the quarter, missing the consensus estimate of N/A by -$0.296.

Is FRMO Corporation overvalued?

According to Wall Street analysts FRMO Corporation’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does FRMO Corporation pay dividends?

FRMO Corporation does not currently pay dividends.

What is FRMO Corporation’s EPS estimate?

FRMO Corporation’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does FRMO Corporation have?

FRMO Corporation has 44,022,780 shares outstanding.

What happened to FRMO Corporation’s price movement after its last earnings report?

FRMO Corporation reported an EPS of -$0.296 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -1.111%.

Which hedge fund is a major shareholder of FRMO Corporation?

Currently, no hedge funds are holding shares in FRMO

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

FRMO Stock Smart Score

Underperform

Blogger Sentiment

Bullish

FRMO Sentiment 100%
Sector Average ―

Technicals

Fundamentals

Return on Equity

18.64%

Trailing 12-Months

Asset Growth

18.38%

Trailing 12-Months

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Company Description

FRMO Corporation

FRMO Corporation, through its 4.95% interest in Horizon Kinetics, LLC, operates as an investment advisory and independent research company. It provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations primarily to institutional investors. The company was incorporated in 1993 and is based in White Plains, New York.