FRMO Corporation Balance Sheet

Financials in millions USD. Fiscal year is June - May.

Millions USD. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Cash & Equivalents	45.15	43.86	39.19	38.08	33.29	34.97
Short-Term Investments	-	408.55	221.68	155.51	187.39	171.73
Cash & Short-Term Investments	45.15	452.42	260.87	193.59	220.68	206.7
Cash Growth	-92.55%	73.42%	34.76%	-12.27%	6.76%	102.10%
Receivables	-	1.04	3.44	3.21	2.18	1.98
Other Current Assets	1.22	18.35	11.79	4.54	0.9	0.17
Total Current Assets	46.36	471.81	276.1	201.35	223.76	208.85
Property, Plant & Equipment	-	1.01	1.14	1.33	1.63	1.39
Long-Term Investments	549.13	240.58	161.92	100.82	112.89	118.55
Total Assets	611.74	713.4	439.16	303.49	338.28	328.79
Accounts Payable	-	0.24	0.59	0.32	0.18	0.18
Current Portion of Long-Term Debt	-	0.03	0.67	0.03	0.03	0.03
Current Income Taxes Payable	-	-	-	-	-	2.04
Other Current Liabilities	1.52	1.31	0.95	2.35	2.57	6.12
Total Current Liabilities	1.52	1.58	2.21	2.71	2.78	8.37
Long-Term Debt	0.61	0.62	-	0.67	0.7	0.73
Long-Term Deferred Tax Liabilities	79.65	60.02	33.67	16	20.47	20.77
Total Liabilities	81.79	62.21	35.88	19.38	23.96	29.87
Common Stock	293.27	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	-	45.35	42.05	41.75	41.28	40.72
Retained Earnings	-	307.59	200.04	127.48	140.09	137.14
Total Common Equity	293.27	352.98	242.14	169.28	181.41	177.9
Minority Interest	236.68	298.2	161.15	114.83	132.92	121.01
Shareholders' Equity	529.95	651.19	403.28	284.11	314.33	298.91
Total Liabilities & Equity	611.74	713.4	439.16	303.49	338.28	328.79
Total Debt	0.61	0.65	0.67	0.7	0.73	0.76
Net Cash (Debt)	44.54	451.77	260.2	192.89	219.95	205.95
Net Cash Growth	-92.64%	73.62%	34.90%	-12.30%	6.80%	102.90%
Net Cash Per Share	1.01	10.26	5.91	4.38	4.99	4.68
Filing Date Shares Outstanding	44.02	44.02	44.02	44.02	44.02	44.01
Total Common Shares Outstanding	44.02	44.02	44.02	44.02	44.02	44.01
Working Capital	44.84	470.23	273.89	198.64	220.97	200.48
Book Value Per Share	6.66	8.02	5.50	3.85	4.12	4.04
Tangible Book Value	293.27	352.98	242.14	169.28	181.41	177.9
Tangible Book Value Per Share	6.66	8.02	5.50	3.85	4.12	4.04

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.