Forum Markets GAAP EPS of $0.06 beats by $0.28, revenue of $2.9M beats by $1.5M

* Forum Markets press release [https://seekingalpha.com/pr/20515228-forum-reports-first-quarter-2026-financial-results] (FRMM [https://seekingalpha.com/symbol/FRMM]): Q1 GAAP EPS of $0.06 beats by $0.28.
* Revenue of $2.9M beats by $1.5M.
* Cash and equivalents of $65.9M.
* The Company now expects to exit 2026 with between $100 million and $175 million in assets under management across its tokenized and pre-tokenization credit portfolios, compared with prior guidance of $125 million to $200 million. AUM is expected to grow asymmetrically in the back half of the year as new origination pipelines come online.
* The Company anticipates total revenue to be in the range of $18 million to $22 million. This compares to prior guidance of $18 million to $26 million, reflecting a moderately slower pace of near-term capital deployment, partially offset by yield income from the existing asset base and early-stage origination and structuring economics.
* Forum is targeting AUM at year-end 2027 to be in the range of $250 million to $300 million, which the Company believes would result in year-over-year revenue growth of 50% to 100% in 2027.

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