FRMO FY26 net income drops 97.08% to $2.9 million; revenue falls 10.7% to $4.3 million

Reuters2026/08/28 02:58

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FRMO posted GAAP net income attributable to the Company of $2.94 million, swinging from $100.45 million a year earlier.
Revenue fell 10.7% to $4.31 million.
Total other income, net dropped 91.3% to $23.51 million.
Fourth-quarter GAAP net loss attributable to the Company widened to $45.6 million; consulting and advisory fees rose 76.3% to $1.7 million.
Quarterly advisory fees increased due to royalty participation tied to Horizon Kinetics incentive fees; it cited plans to expand digital asset mining.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FRMO Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608272256ACCESSWRNAPR_____1213757) on August 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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FRMO FY26 net income drops 97.08% to $2.9 million; revenue falls 10.7% to $4.3 million

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