Valuation: FRMO Corporation

Market Cap 295M 257M 237M 219M 413M 28.36B 422M 2.84B 1.12B 13.89B 1.11B 1.08B 47.82B P/E 2024
4.27x
P/E 2025 3.45x
Enterprise Value -157M -137M -127M -117M -220M -15.14B -225M -1.52B -596M -7.42B -591M -578M -25.53B EV / Sales 2024
0.36x
EV / Sales 2025 -0.31x
Free-Float
100%
Yield 2024 *
-
Yield 2025 -
Manager TitleAgeSince
Chief Executive Officer 67 2026-03-31
Chief Executive Officer 63 2025-07-10
Director of Finance/CFO 41 2026-03-31
Director TitleAgeSince
Chairman 63 2025-07-10
Director/Board Member 67 2000-12-31
Director/Board Member 90 2000-12-31
Change 5-day change 1-year change 3-year change Capi.($)
-3.55%+8.58% - - 308M
-1.37%+3.48%-2.84%+45.10% 166B
-1.89%+1.14%+47.04%+132.27% 164B
-2.32%+3.43%+58.97%+246.64% 107B
-1.72%-1.31%-0.60%+98.73% 97.52B
-2.72%+2.28%-18.81%+53.78% 77.17B
-1.70%+1.27%+68.19%+167.24% 50.51B
-1.00%+4.17%-3.06%+49.77% 47.45B
-2.53%-4.73%-40.65%+33.40% 34.84B
-2.04%+0.62%+44.36%+157.57% 34.17B
Average -2.08%+1.79%+16.96%+109.39% 86.47B
Weighted average by Cap. -1.87%+2.23%+19.80%+111.26%

Financials

2024 2025
Net sales 138M 121M 112M 103M 194M 13.33B 198M 1.33B 525M 6.53B 520M 508M 22.48B 263M 230M 212M 196M 369M 25.36B 377M 2.54B 998M 12.42B 989M 967M 42.76B
Net income 72.56M 63.41M 58.51M 53.93M 102M 6.99B 104M 699M 275M 3.42B 272M 267M 11.78B 108M 93.99M 86.73M 79.94M 151M 10.36B 154M 1.04B 408M 5.07B 404M 395M 17.46B
Net Debt -260M -227M -210M -193M -365M -25.06B -373M -2.51B -986M -12.27B -977M -956M -42.25B -452M -395M -364M -336M -633M -43.51B -647M -4.35B -1.71B -21.31B -1.7B -1.66B -73.35B
Logo FRMO Corporation
FRMO Corporation is an intellectual capital firm, which identifies and manages investment strategies and business opportunities. The Company is focused on making strategic investments in public and private companies. The Company holds a 21.84% and 21.80% equity interest in Horizon Kinetics Hard Assets LLC (HKHA), a company formed by Horizon Kinetics LLC (Horizon). The Company also holds a 4.95% interest in Horizon and earns substantially all of its advisory fees from Horizon. The Company's investments in digital assets include direct exposure to Bitcoin, Bitcoin Cash, Ethereum Classic, Ethereum, Litecoin and ZCash. Its wholly owned subsidiary is Fromex Equity Corp.
Employees
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