FRMO (FRMO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 09, 2026

TBA (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

―

Last Year’s EPS

-0.65

Same Quarter Last Year

Analyst Consensus

―

Based on 0 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:Jan 08, 2026|

% Change Since:

Earnings Call Sentiment|Positive

Overall the call conveyed a predominantly positive tone driven by a stronger balance sheet (debt-free, high liquidity), strategic repositioning into exchange and supporting-crypto businesses (Synteq, MIAX), an efficient merged-mining approach that supports Bitcoin accumulation, and constructive industry observations (stablecoin growth, tokenization benefits). Notable risks discussed include the near-term disruption and equipment-replacement pressures associated with the multi-year halving cycle, a recent tax-related filing delay, and limited recent mining capex which could require future spending. On balance, the positives (liquidity, strategic stakes, mining efficiency, successful exchange IPO) outweigh the lowlights (filing delay, halving risk, capex timing and reporting nuances).

Company Guidance

The call guided investors to expect a follow-up meeting in about six weeks to review February results and a likely different tax number as market values change, and emphasized preparing for the next Bitcoin halving (around April 18, 2028, roughly two years away); FRMO is debt-free (mortgage repaid), says it has its strongest liquidity and unused borrowing capacity, owns roughly 45% of Winland (will consolidate if >50%), and Murray Stahl personally holds just over 8 million shares; mining metrics noted digital mining assets/depreciation of about $31,000 and a ~$36,000 increase in digital‑asset cost basis in the six‑month period (assets mined), a three‑year depreciation policy, and a shift toward Scrypt (merged) mining; market/context numbers cited included Bitcoin 24‑hour volume ~$18.7B, Bitcoin market cap ~$1.3–1.4T with ~20M of a 21M cap mined, Litecoin 24‑hour volume ~ $10B and market cap ~$4.2B (≈3x Ethereum volume), Dogecoin 24‑hour volume ~$161M, the stablecoin market approaching ~$0.5T, Abaxx’s market value cited near ~$1.4B, and MIAX holdings reported ~935,202 restricted + ~11,441 public (~946k total), with diluted‑share variations driven by outstanding director options.

Company Now Debt-Free

Sold building previously housing HashMaster and used proceeds (partial) to repay mortgage to zero, resulting in no corporate debt and the most liquid balance sheet in company history with significant unused borrowing capacity.

Strategic Equity Position in Synteq and Exchange Investments

Took remaining proceeds in Synteq stock, establishing a minority stake in a company supporting cryptocurrency and emerging data center industries. MIAX IPO was described as extremely successful, producing a marked-up valuation; FRMO holds approximately 935,202 restricted shares and 11,441 public shares of MIAX (~946k total reported in the table).

Mining Strategy and Winland Ownership

Shifted mining operations to be conducted largely through publicly traded Winland; FRMO currently owns ~45% of Winland and will change financial statement presentation if/when it crosses 50% (consolidation). Company has not purchased new mining rigs recently by design.

Mining Efficiency Observed in Reporting Period

During the roughly six-month reporting period, digital assets mined had a cost-basis/market value of ~$36,000 while digital mining equipment and related depreciation on the balance sheet were de minimis (~$31,000). The mined-asset value exceeded equipment book value by about $5,000 (~16%), highlighting favorable yield/longevity dynamics for recently mined assets.

Scrypt (Merged) Mining Approach

FRMO emphasizes Scrypt (merged) mining (Litecoin + Dogecoin) where Dogecoin revenue funds electricity and Bitcoin accumulation purchases, and Litecoin is retained. This approach is cited as reducing halving exposure and enabling gradual Bitcoin accumulation.

Macro Crypto & Market Opportunity Observations

Management highlighted large trading volumes as opportunity signals: 24‑hour Bitcoin volume ~$18.7 billion, Litecoin volume ~$10 billion (market cap cited ~$4.2 billion), Dogecoin volume ~$161 million. Stablecoin market approaching ~$0.5 trillion, seen as a catalyst for 24/7 trading and demand for instantaneous settlement solutions (possible use case for mined coins/exchanges).

Positive View on Tokenization for Exchanges

Management believes tokenization and on-chain movement of financial assets are net positives for exchanges (including FRMO-held exchanges) because intermediated, rules-based venues and aggregate market data remain necessary to preserve market integrity and prevent abuses.

Selective Investment Interest in Emerging Exchanges

Management noted Abaxx (Singapore-based commodities exchange) is scaling volumes from a low base with recent strong growth; market capitalization referenced ~ $1.4 billion and growth rate described as 'not far from 100%' off a small base, making it an interesting company to monitor.

FRMO (FRMO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FRMO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 09, 2026	2026 (Q3)	- / -	-0.652	―	―	―
Jan 08, 2026	2026 (Q2)	- / -0.30	3.11	-109.52% (-3.41)	―	―
Oct 15, 2025	2026 (Q1)	- / -0.30	0.783	-138.95% (-1.09)	―	―
Aug 14, 2025	2025 (Q4)	- / -1.15	0.512	-324.41% (-1.66)	―	―
Apr 15, 2025	2025 (Q3)	- / -0.65	0.295	-321.02% (-0.95)	―	―
Jan 15, 2025	2025 (Q2)	- / 3.11	0.107	2806.54% (+3.00)	―	―
Oct 16, 2024	2025 (Q1)	- / 0.78	0.734	6.68% (+0.05)	―	―
Aug 15, 2024	2024 (Q4)	- / 0.51	-0.456	212.28% (+0.97)	―	―
Apr 12, 2024	2024 (Q3)	- / 0.29	-0.793	137.20% (+1.09)	―	―
Jan 12, 2024	2024 (Q2)	- / 0.11	0.792	-86.49% (-0.69)	―	―

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 Apr 09, 2026, TBA (Confirmed).

What is FRMO Corporation (FRMO) earnings time?

FRMO Corporation (FRMO) earnings time is at Apr 09, 2026, TBA (Confirmed).

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