Forum Markets Reports $1.4 Million Q2 Revenue, Buys Back $31.3 Million in Shares

1 articles · Updated · Yahoo Finance · Aug 13

Forum Markets posted about $1.4 million in second-quarter revenue, down from $2.9 million in Q1, after prioritizing share repurchases over adding new income-producing assets.
The company spent roughly $31.3 million to repurchase 7.1 million shares at an average $4.42 each, retiring about 35% of its pre-buyback share count and cutting shares outstanding to about 13.2 million.
Saunders said the revenue drop largely reflected the loss of $1.8 million in staking income after Forum sold most of its Ethereum holdings in March; Q2 revenue was driven mainly by aircraft lease income.
The board extended the buyback program through June 30, 2027, lifted total authorization to $100 million and approved added methods including derivatives, while saying future purchases will depend on liquidity, asset returns and share price.
At June 30, Forum estimated net asset value at about $127.8 million, or $9.68 per undiluted share, as it shifts toward cash-flowing real-world assets across aviation, AI infrastructure, manufactured housing and auto credit.