Frmo Corp

#93 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 â‚¿ 159.1 BTC
% of 21M Supply 0.001%
Current Value $11,740,627
Cost Basis $2,701,851
ROI 334.54%
% of Company 4.0%
mNAV 21.2x
BTC/Share â‚¿ 0.00000361 BTC
Market Cap $294,512,416
Enterprise Value $294,512,416
Latest Purchase Aug 31, 2025
Avg. cost / BTC $16,982

Frmo Corp Stock Priced in BTC

0.000091 BTC

Frmo Corp Bitcoin Holdings Over Time

â‚¿ 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 60.8182
Profit Margin 16.45%
Operating Margin -375.14%
ROE 10.82%
ROA 18.07%
EPS $0.11
Book Value $8.557
Current Volume 208,500
Avg Volume (30d) 23,083
Volume vs Avg 9.03x

Frmo Corp Stock Price vs Bitcoin

$6.69 / $73,794

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 $6.69
1W Return -0.15%
1M Return -7.6%
3M Return -16.37%
1Y Return -20.36%
1Y vs BTC +15.9%
52W High $9.69
% Down from 52W High -31.0%

Key Executives

Mr. Steven M. Bregman C.F.A. President, CFO & Director
Age: 67
Mr. Jay Harris Kesslen General Counsel
Age: 52
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
Long-term Debt $0

Additional Financials

EBITDA $252,071,392
Gross Profit $262,156,752
Revenue per Share $5.955
Diluted EPS (TTM) $0.11
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 93rd 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 $11,740,627. This represents 4.0% 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 334.54%.

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 $294,512,416 and annual revenue of $262,156,752 .

What is Frmo Corp's mNAV?

Frmo Corp's mNAV (Market-to-Net Asset Value) is 21.2x, 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 $294,512,416 and an enterprise value of $294,512,416. 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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[REMOVED]

Greatly appreciated, thank you

30 October 2025

newhedge

Retirement calculator is fixed along with new initial BTC and annualized growth inputs

26 October 2025

newhedge

Data error, being fixed :)

23 October 2025

[REMOVED]

Anyone know why the retirement calculator has a predicted BTC price of ~$44k over a ten year period? I'm assuming I am reading it wrong

16 October 2025

spacegallagher

$80k???

28 February 2025

newhedge

$85k!

11 November 2024

spacegallagher

$80k!!!

10 November 2024

newhedge

New ATH!

6 November 2024

[REMOVED]

can i download historical bitcoin prices to excel?

13 September 2024

newhedge

New Onchain charts available on Onramp Terminal! Check the left sidenavbar.

25 July 2024

[REMOVED]

What is everyone's favorite resource to utilize through the terminal?

20 June 2024

philm23

To the Onramp team - any plans to add the net exchange reserve figures to the terminal?

10 March 2024

[REMOVED]

awesome terminal, very good job guys.

28 February 2024

[REMOVED]

Never mind I found it !

[REMOVED]

How do I edit my alerts ?

24 February 2024

[REMOVED]

I've been looking for a dataset of blockheight / price. Blockheight as the x variable. Does anyone know where I could find that?

7 February 2024

lifeonbtc

terminal chat - very cool/.

29 January 2024

newhedge

Bitcoin ETF tracker now live! Search for it in the search bar.

16 January 2024

newhedge

On-chain goodies coming real soon

[REMOVED]

wen supply last active metrics? (short term/long term holder etc) <3.