FRMO Corporation Reports Q1 Net Loss of $15.9 Million
FRMO Corporation reported its financial results for the first quarter of fiscal year 2026, ending August 31, 2025. Total book value as of August 31, 2025, was $590.4 million, compared to $651.2 million at May 31, 2025. Equity attributable to shareholders was $337.2 million as of August 31, 2025, down from $353.0 million at May 31, 2025. Current assets, primarily cash, equivalents, and equity securities, stood at $409.4 million as of August 31, 2025, compared to $471.8 million as of May 31, 2025. Total liabilities were $58.7 million at August 31, 2025, compared to $62.2 million at May 31, 2025. FRMO recorded a net loss attributable to the company of $15.9 million for the quarter ended August 31, 2025, compared to net income of $34.5 million for the same period in the previous year. Net loss attributable to the company excluding the effect of unrealized loss from equity securities and digital assets, net of taxes, for the three months ended August 31, 2025, was $3.9 million.
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