FRMO Corp.
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ROIC.AI
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- FRMO Corporation, an intellectual capital firm that identifies and manages investment strategies and business opportunities primarily through strategic holdings in public and private companies, operates principally in the United States from its headquarters in White Plains, New York; the company was incorporated in Delaware in 1993 as FRM Nexus, Inc. and changed its name to FRMO Corporation in November 2001. Through its approximately 4.95% equity interest and revenue participation in Horizon Kinetics Holding Corporation (formerly Horizon Kinetics LLC), as well as a 21.82% equity interest in Horizon Kinetics Hard Assets LLC (consolidated due to common control), FRMO provides independent investment research and advisory services focused on in-depth analysis of information-poor, under-researched companies and complex investment situations for institutional investors; principal products and services encompass equity securities at fair value (including major concentrations such as Texas Pacific Land Corporation), investments in limited partnerships and other equity investments, digital assets and digital mining assets, investments in securities exchanges, and royalty participations. The company maintains significant holdings in cryptocurrency-related ventures, including investments in Consensus Mining and Winland Holdings (with ownership approaching 51%), alongside ownership of warehouses in North Carolina supporting operational activities and leasing of office space from Horizon Kinetics; Fromex Equity Corp. serves as its wholly owned subsidiary, and it reports no debt beyond a minor mortgage on real estate. Recent developments include board expansions with the appointments of R. Rimmy Malhotra in 2025 and Melinda J. Newman, alongside a leadership transition in July 2025 appointing Peter B. Doyle as Chairman (succeeding Murray Stahl, who remains CEO), R. Rimmy Malhotra as Vice Chairman and Lead Independent Director, and a reduction in board size to eight members following retirements; FRMO reported robust fiscal 2025 results with net income attributable to the company of $107.5 million ($2.44 per diluted share), total assets of $713.4 million including $471.8 million in current assets, and stockholders' equity attributable to the company of $353.0 million ($8.02 per share), driven by unrealized gains from equity securities and digital assets, though fiscal 2026 first quarter showed a net loss amid market volatility.
FRMO Corporation (FRMO) Q3 2026 Earnings Call Transcript
FRMO Corp. Announces Fiscal 2026 Third Quarter Results and Conference Call
FRMO Corporation (FRMO) Q2 2026 Earnings Call Transcript
FRMO Corp. Announces Fiscal 2026 Second Quarter Results and Conference Call
FRMO Corp. Completes Restatement of Previously Issued Financial Statements
FRMO Corp. Announces Non-Reliance on Previously Issued Financial Statements
FRMO Corp. Announces Change in Issuer's Independent Certifying Accounting Firm
Synteq Digital Enters Into Definitive Agreements for Strategic Real Estate Acquisition from Horizon Kinetics, Welcoming the Firm as its first Institutional Shareholder
Why I'm Still Buying FRMO Corporation Despite The Pullback
FRMO Corporation (FRMO) Q1 2026 Earnings Call Transcript
FRMO Corp. Announces Fiscal 2026 First Quarter Results and Conference Call
FRMO Corp. Announces Fiscal 2025 Results and Annual Meeting
FRMO Corp. Announces New Board Chairman
FRMO Corporation (FRMO) Q3 2025 Earnings Call Transcript
FRMO Corp. Announces Fiscal 2025 Third Quarter Results and Conference Call
FRMO Corporation: Cautious Optimism Is Warranted, But Good Returns Require Patience
Why FRMO Corporation Might Just Be The Sleeper Stock Of The Year
FRMO Corporation (FRMO) Q2 2025 Earnings Call Transcript
FRMO Corp. Announces Fiscal 2025 Second Quarter Results, Conference Call, and New Board Appointment
FRMO Corp. Appoints R. Rimmy Malhotra to Board of Directors