Earnings Releases·Nov 12, 2026, 8:12 AM ET

Forum Markets — Third Quarter 2026 Earnings Summary

Q3 2026 revenue declined to $2.0 million from $4.1 million in Q3 2025, while net income turned positive at $7.9 million compared to a $216.7 million loss in the prior year, driven by a $13.9 million non-cash gain from digital assets and reduced SG&A expenses.
Full-year 2026 revenue guidance was significantly lowered to $8 million–$9 million from $18 million–$22 million, with the company now expecting zero AI compute revenue in 2026 due to rising costs and a strategic decision to slow deployment.
The company acquired two additional commercial aircraft engines for $23.7 million, expanding its lease portfolio to five engines, while simultaneously forming a joint venture with Edge Node to deploy high-performance GPU compute capacity.
Share repurchases totaled approximately $33.2 million since the start of 2026, with $1.9 million executed in Q3, leaving $19.8 million remaining under the authorization.
Full-year 2027 revenue guidance remains unchanged at $125 million–$175 million, pending the finalization of customer deposits and financing for Dallas and North Carolina capacity.