Forum Markets
Finances real-world assets and packages their cash flows as regulated blockchain tokens.
Something off on this page? Send us feedback.
Profile
Acquires and finances aircraft engines and consumer-credit assets, earning lease or yield income while seeking fees and recurring economics from tokenized products. A small, partner-dependent operating model uses regulated distribution and Ethereum-based infrastructure alongside continuing ETH staking.
Acquires and finances real-world assets through aircraft-engine leasing, manufactured-home lending, and auto credit. Earns lease or yield income while assets are held, then seeks origination, structuring, management, and secondary-market economics by packaging their economic rights as tokens on Ethereum-based infrastructure.
Operates through a small internal team, special-purpose subsidiaries, and external partners: Zippy services manufactured-home loans; Karus and Automatic USA support auto credit; Liquidity.io provides regulated distribution and blockchain settlement; and Aero Engine Solutions sources and services engines. Disclosed assets and counterparties are U.S.-oriented, while token issuance uses Ethereum and alternative-trading-system infrastructure.
Retains ETH staking and aircraft rentals as reported revenue activities, while token-structuring, management, and trading revenue had not appeared in the latest periodic filing. Product expansion depends on Liquidity.io, partner relationships, Ethereum and custodian reliability, asset and borrower cash flows, and rules governing tokenized securities and related activities.
Company facts
Categories
Key statistics
Year to date +14.9% · Average volume (30d) 201.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.26 | −$0.73 | −180.8% | $3.3M | $1.4M | −58.2% | +0.81% |
| May 14, 2026Q1 FY26 | −$0.22 | −$3.64 | −1,554.5% | $1.3M | $2.9M | +119.9% | −24.02% |
| Nov 14, 2025Q3 FY25 | — | −$16.80 | — | — | — | — | −16.82% |
| Aug 9, 2022 | −$494.00 | −$76.00 | +84.6% | — | — | — | −0.54% |
Financial highlights
| 5 quarters | — | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | $4.1M | $2.4M | $2.9M | $1.4M | |
| Gross profit | — | $0 | $4.1M | $2.4M | $2.9M | −$538.0K | |
| Operating income | — | −$1.7M | −$220.5M | −$15.9M | −$8.5M | −$9.9M | |
| Net income | — | −$1.7M | −$208.7M | −$229.7M | −$76.3M | −$12.8M | |
| Diluted EPS | — | −$3.02 | −$16.80 | −$12.04 | −$3.58 | −$0.75 | |
| Gross margin | — | — | 100.0% | 100.0% | 100.0% | -39.4% | |
| Operating margin | — | — | -5,364.6% | -653.7% | -297.9% | -728.4% |
Balance sheet, Jun 30, 2026Cash & short-term investments $4.1M · Total debt $26.0M · Total assets $159.0M · Shareholders' equity $127.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 13.21M · Float 5.47M · 41.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| McAndrew Rudisill · director, officer: Chief Executive Officer | 1.79M | 13.53% | Form 4 | Aug 14, 2026 |
| Lomashuk Konstantin · 10 percent owner | 1.23M | 9.29% | Form 4 | Jul 23, 2026 |
| Pemble Brian James · 10 percent owner | 743.5K | 5.63% | Form 4 | Jul 7, 2026 |
| John Tazewell Saunders · officer: Chief Financial Officer | 342.4K | 2.59% | Form 4 | Aug 14, 2026 |
| Crystal Jane Heter · director | 241.9K | 1.83% | Form 4 | Apr 3, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 21, 2026 | Konstantin Lomashuk | 10 percent owner | −250,000 | $6.00 |
| Jul 15, 2026 | Konstantin Lomashuk | 10 percent owner | −2,562 | $6.30 |
| Jul 9, 2026 | Konstantin Lomashuk | 10 percent owner | −3,387 | $6.15 |
| Jul 8, 2026 | Konstantin Lomashuk | 10 percent owner | −1,100 | $6.13 |
| Jul 7, 2026 | Konstantin Lomashuk | 10 percent owner | −3,702 | $6.41 |
Peers
- Figure
Blockchain-native credit marketplace overlaps from origination to trading.
- Securitize
Regulated tokenization rails offer an alternative to external distribution.
- FTAI
CFM56 leasing and MRE compete for airline engine-lease placements.
- Willis Lease Finance
Commercial engine leasing competes for airline lease demand and placements.
- BlackRock
ETHA offers liquid spot-ETH exposure as a substitute for staking demand.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Forum Markets | $5.86 | −0.17% | $77.4M | — | — | 7.2 | — |
| Figure | $36.01 | −0.06% | $6.58B | 47.4 | 28.6 | 9.2 | — |
| Securitize | $6.39 | +1.62% | $931.3M | — | — | 27.5 | — |
| FTAI | $195.10 | +0.08% | $20.00B | 42.4 | 21.1 | 6.4 | +40.9% |
| Willis Lease Finance | $53.42 | −0.11% | $3.83B | 24.3 | 8.7 | 5.0 | −0.8% |
| BlackRock | $1,163.84 | −0.03% | $180.49B | 27.8 | 19.5 | 6.6 | +30.6% |
| Median | 35.1 | 20.3 | 6.6 | +30.6% |