FRMO Corporation (FRMO)
OTHER OTC:FRMO
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Earnings Data
Report Date
Aug 13, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.8Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong underlying fundamentals: sizable unrealized gains driven by strategic equity holdings (notably TPL, Horizon Kinetics and MIAX), a debt-free balance sheet with >$45M cash, profitable short-sale operations, and a long-term compounding track record. These positives were tempered by meaningful cryptocurrency losses (Bitcoin down 26% in Q3 and 36% YTD), reduced advisory fee revenue, and a tax expense that depressed reported net income. Management also addressed a corrected reporting omission regarding founder ownership and outlined plans to increase operational stakes (Winland) and pursue board engagement with strategic investments. Overall, the company presents financial strength and strategic momentum, while acknowledging near-term headwinds from crypto exposure and fee timing.Company Guidance
Strong Quarterly Net Income
FRMO reported net income attributable to FRMO of $83 million for the quarter (FY2026 Q3), with year-to-date net income reported as just shy of $57 million (as stated on the call).
Large Unrealized Gains Driven by Strategic Holdings
TPL (largest holding) increased 82% during Q3 and ~40% year-to-date; Horizon Kinetics Holding Corporation rose over 20% during Q3; MIAX was a strong year-to-date contributor, up ~80% from prior year-end despite a slight Q3 dip.
Balance Sheet Strength and Liquidity
FRMO has over $45 million of cash on the balance sheet and reported being debt-free as of February after sale of land/building, underpinning a 'fortress' balance sheet and operational flexibility.
Profitable Short Strategy Contribution
Persistent short sales of path-dependent ETFs produced cumulative short-sale proceeds of over $9 million (less than $10M); the difference between market value and short-sale proceeds represents nearly $9 million of realized/unrealized profit and equals roughly ~2.5% of the total market value of the balance sheet.
Demonstrated Long-Term Compounding Track Record
FRMO highlighted long-term book-value growth: from $0.01 per share (circa 2000) to $1.61 by May 31, 2020 (~19% annual compounded) and to $8.02 by May 31, 2025 (~20.5% annual compounded), illustrating multi-decade compounding performance.
Strategic Positioning and M&A Intent (Winland & MIAX)
Management reiterated intent to increase FRMO's stake in Winland (currently ~47%) to exceed 50% (targeted by year-end) and noted active engagement with MIAX/MIH leadership with the potential for board engagement, reflecting focus on converting strategic stakes into operational value.
Consolidation and Reporting of Hard Assets
FRMO consolidates Horizon Kinetics Hard Assets (FRMO owns just shy of 22%), and consolidated results are now footnoted (footnote 12), improving transparency around that business segment.
Active Deal/Research Pipeline and Talent Development
Management emphasized ongoing idea flow from analysts and strategic engagements across exchanges, energy and infrastructure; internal examples include promotion/mobilization of talent (e.g., analysts moving into product/ETF and crypto mining operations) and investment in research capacity.
FRMO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FRMO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 08, 2026 | $7.20 | $7.12 | -1.11% |
Oct 15, 2025 | $8.83 | $8.83 | 0.00% |
Aug 14, 2025 | $9.00 | $9.01 | +0.11% |
Apr 15, 2025 | $8.11 | $8.29 | +2.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does FRMO Corporation (FRMO) report earnings?
FRMO Corporation (FRMO) is schdueled to report earning on Aug 13, 2026, TBA (Confirmed).
What is FRMO Corporation (FRMO) earnings time?
FRMO Corporation (FRMO) earnings time is at Aug 13, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is FRMO EPS forecast?
Currently, no data Available