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FRMO (FRMO) investor relations material
FRMO AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
The meeting was held in a hybrid format, marking the first AGM without the former CEO, Murray Stahl, and included expressions of gratitude to staff and acknowledgment of his legacy.
The agenda included the business portion, followed by a Q&A session with executive officers.
Board and executive committee updates
Seven directors were nominated for re-election, all of whom were incumbents.
The board recommended voting in favor of both the director slate and the appointment of auditors.
Overview of voting outcomes
A quorum was established with proxies representing 73.81% of voting power.
All seven director nominees were elected with 100% of votes cast and 74% of shares outstanding.
The appointment of CBIZ CPAs, P.C. as auditors for the fiscal year ending June 30, 2027, was ratified with 99.9% approval.
- Quarterly net income surged on strong unrealized equity gains and a debt-free balance sheet.FRMO
Q3 2026 - Six-month net loss of $(26.4)M, strong liquidity, and major asset sale completed.FRMO
Q2 2026 - Net loss of $(15.9)M on equity losses, but liquidity and crypto mining expansion remain strong.FRMO
Q1 2026 - Strong revenue and net income growth fueled by equity gains and digital asset appreciation.FRMO
Q4 2025 - Record assets, rising net income, and peak crypto mining profitability mark the quarter.FRMO
Q1 2025 - Net income surged to $118.5M in FY2024, fueled by investment and digital asset gains.FRMO
Q4 2024 - Nine-month net income surged, but quarterly results swung to a loss amid market volatility.FRMO
Q3 2025 - Book value per share hit $9.39 as net income and assets soared on large unrealized gains.FRMO
Q2 2025
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