Forum Markets, Incorporated

FRMM

Software - Application · Technology

Exchange

NASDAQ

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Forum Markets, Incorporated is a small technology company that builds software tools focused on online community and marketplace platforms. Its products are designed to help users connect, trade, or interact within digital forums and market-style environments. The company operates in the software application industry, serving individual users and small businesses looking for community-driven digital solutions.

The company generates revenue through software licensing or platform fees, reflected in its 100% gross margin, which is typical for pure software businesses with no physical product costs. It appears to operate primarily in the United States and remains very small, with a market cap of roughly $100 million. However, its deeply negative operating margin of over 2,600% signals that the company is spending far more than it earns, making its ability to reach profitability the central risk investors should watch closely.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

EPS data limited

Insider Activity

57.7%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Runway

~8 months

$98M cash & investments

Quarterly Free Cash Flow

Short runway — potential dilution ahead through share issuance

Cash watch

Forum Markets, Incorporated has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

100.0%

Premium pricing power — 100.0% gross margin

Operating Margin

-297.9%

Losing money on operations — -297.9%

ROCE

-4.4%

Weak — -4.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

—

Data not available

EPS YoY

N/A

—

Data not available

EPS Consistency

N/A

—

Data not available

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-664.1%

Burning cash (-664.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.16

Conservative — low debt load (0.16)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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