FRMO Corp

Chart & Performance

D1W1MN

P/E

5.17

P/S

2.71

EPS

1.65

Div Yield, %

—

Shrs. gr., 5y

—

Rev. gr., 5y

85.75%

Revenues

138m

+1,804.61%

Net income

73m

CFO

-29.95%

Earnings

Aug 13, 2025

Profile

FRMO Corporation, through its 4.95% interest in Horizon Kinetics, LLC, operates as an investment advisory and independent research company. It provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations primarily to institutional investors. The company was incorporated in 1993 and is based in White Plains, New York.

URL

https://www.frmocorp.com/

IPO date

Aug 27, 1998

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑05	2023‑05	2022‑05	2021‑05	2020‑05	2019‑05	2018‑05	2017‑05	2016‑05
Income
Revenues	138,427 1,804.61%	7,268 50.81%
Cost of revenue	132,745	1,497
Unusual Expense (Income)
NOPBT	5,682	5,771
NOPBT Margin	4.10%	79.40%
Operating Taxes	18,420	(36,598)
Tax Rate	324.17%
NOPAT	(12,738)	42,369
Net income	72,559 -307.40%	(34,984) -380.02%
Dividends	(360)	(870)
Dividend yield	0.12%	0.26%
Proceeds from repurchase of equity	60	30
BB yield	-0.02%	-0.01%
Debt
Debt current	669	31
Long-term debt		669
Deferred revenue		19,379
Other long-term liabilities	33,668	(19,379)
Net debt	(422,119)	(297,924)
Cash flow
Cash from operating activities	3,672	5,242
CAPEX	(122)	(38)
Cash from investing activities	(2,228)	347
Cash from financing activities	(331)	(800)
FCF	(332,082)	345,760
Balance
Cash	260,872	197,806
Long term investments	161,917	100,817
Excess cash	415,867	298,260
Stockholders' equity	361,232	653,958
Invested Capital	76,387	(13,446)
ROIC
ROCE	1.30%	1.92%
EV
Common stock shares outstanding	44,026	44,021
Price	7.04 -7.12%	7.58 -20.21%
Market cap	309,945 -7.11%	333,680 -20.24%
EV	48,971	278,072
EBITDA	5,930	6,110
EV/EBITDA	8.26	45.51
Interest
Interest/NOPBT