FORUM MARKETS Inc Earnings Per Share Disclosure
NOTE 11 – EARNINGS PER SHARE
The computation of net loss per share is as follows (in thousands, except per share data):
| Years Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Numerator: | ||||||||
| Net loss attributable to common stockholders – basic and diluted | (443,531 | ) | (2,614 | ) | ||||
| Denominator: | ||||||||
| Weighted average common shares outstanding – basic | 8,164,638 | 91,537 | ||||||
| Loss per common share, basic and diluted | $ | (54.32 | ) | $ | (28.56 | ) | ||
For the year ended December 31, 2025, the weighted average common shares outstanding included 1,555,574 shares underlying pre-funded warrants with a nominal exercise price.
The following potentially dilutive securities were excluded from the computation of diluted net loss per share because their inclusion would have been antidilutive:
| Years Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Stock options | 1,154,352 | 2,164 | ||||||
| Warrants | 7,020,932 | 613,350 | ||||||
| Convertible debt, net of discount | ||||||||
| Total | 8,175,284 | 615,514 | ||||||
Want the next FORUM MARKETS Inc earnings per share disclosure the moment it drops?
Set a Sentinel and we'll alert you the moment FORUM MARKETS Inc's next filing hits EDGAR. No credit card, your email never gets sold.
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.