Frmo Corp

#94 in public FRMO public

FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States. The company offers in-depth analysis of information-poor, and under-researched companies and strategies to identify complex or overlooked situations.

Bitcoin Holdings

Total Bitcoin 159.1 BTC
% of 21M Supply 0.001%
Current Value $9,906,727
Cost Basis $2,701,851
ROI 266.66%
% of Company 3.2%
mNAV 26.82x
BTC/Share 0.00000361 BTC
Market Cap $311,241,056
Enterprise Value $311,241,056
Latest Purchase Aug 31, 2025
Avg. cost / BTC $16,982

Frmo Corp Stock Priced in BTC

0.000114 BTC

Frmo Corp Bitcoin Holdings Over Time

159.1 BTC

Bitcoin Acquisitions History

Type BTC Change Holdings Transaction Value Date
Buy +0 BTC 0 BTC $0
Buy +0 BTC 0 BTC $0
Buy +0 BTC 0 BTC $0
Buy +0 BTC 0 BTC $0
Buy +0 BTC 0 BTC $0

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Financial Highlights

Revenue (TTM) $262,156,752
P/E Ratio 58.9167
Profit Margin 16.45%
Operating Margin -375.14%
ROE 10.82%
ROA 18.07%
EPS $0.12
Book Value $8.557
Current Volume 5,100
Avg Volume (30d) 18,697
Volume vs Avg 0.27x

Frmo Corp Stock Price vs Bitcoin

$7.10 / $62,267

Company Overview

FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States. The company offers in-depth analysis of information-poor, and under-researched companies and strategies to identify complex or overlooked situations. It serves institutional investors. The company was formerly known as FRM Nexus, Inc. and changed its name to FRMO Corporation in November 2001. FRMO Corporation was incorporated in 1993 and is based in White Plains, New York.

Sector Financial Services
Industry Asset Management
Sub-Industry Asset Management & Custody Banks
Employees 0
Exchange PINK
Fiscal Year End May
IPO Date July 1998

Stock Returns

Share Price $7.10
1W Return +5.19%
1M Return +9.23%
3M Return -9.78%
1Y Return -17.35%
1Y vs BTC +26.1%
52W High $9.69
% Down from 52W High -26.7%

Key Executives

Mr. Steven M. Bregman C.F.A. President, CFO & Director
Age: 67
Mr. Jay Harris Kesslen J.D. General Counsel
Age: 53
Ms. Thérèse Byars Corporate Secretary
Age: 2026

Company Details

Address 1 North Lexington Avenue, White Plains, NY, United States, 10601
Phone 646 495 7337
ISIN US30262F2056
CIK 0001042017
Currency USD
Most Recent Quarter 2026-02-28

Growth Metrics

Earnings Growth (YoY) 2811.6%
Revenue Growth (YoY) -61.4%

Balance Sheet (Q1 2026)

Total Assets $919,482,000
Total Liabilities $124,322,000
Total Equity $376,704,000
Cash & Equivalents $0
Total Debt $0
Current Assets $46,143,000
Current Liabilities $1,734,000
Long-term Debt $0

Additional Financials

EBITDA $252,071,392
Gross Profit $262,156,752
Revenue per Share $5.955
Diluted EPS (TTM) $0.12
PEG Ratio 0
Outstanding Shares 44,026,000

EPS Estimates

Current Quarter $0
Current Year $0
Next Quarter $0
Next Year $0

Frequently Asked Questions

Common questions about Frmo Corp's Bitcoin holdings

How much Bitcoin does Frmo Corp hold?

Frmo Corp currently holds 159.1 BTC, which represents 0.001% of the total Bitcoin supply (21 million). This makes them the 94th largest public Bitcoin holder.

What is the current value of Frmo Corp's Bitcoin holdings?

As of today, Frmo Corp's Bitcoin holdings are worth approximately $9,906,727. This represents 3.2% of the company's total market value.

What is Frmo Corp's average cost basis for Bitcoin?

Frmo Corp's average cost basis for their Bitcoin purchases is $2,701,851 per Bitcoin. Their current return on investment (ROI) is 266.66%.

When did Frmo Corp last buy Bitcoin?

Frmo Corp's most recent Bitcoin purchase was Aug 31, 2025. View purchase details

What type of company is Frmo Corp?

Frmo Corp is a public company in the Financial Services sector and Asset Management industry with approximately 0 employees .

What is Frmo Corp's market capitalization?

Frmo Corp has a market capitalization of approximately $311,241,056 and annual revenue of $262,156,752 .

What is Frmo Corp's mNAV?

Frmo Corp's mNAV (Market-to-Net Asset Value) is 26.82x, comparing the company's market value to its Bitcoin holdings value. An mNAV of 1.0 means market value equals Bitcoin stash, while >1.0 indicates a premium for the company's Bitcoin strategy.

What is Frmo Corp's market cap and enterprise value?

Frmo Corp has a market capitalization of $311,241,056 and an enterprise value of $311,241,056. Enterprise value represents the total company value including debt and cash, providing a more complete valuation picture than market cap alone.

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