Forge Global Holdings, Inc. logo FRGE - Forge Global Holdings, Inc.

Inactive Ticker FRGE is not actively trading. Quotes and analytics may be stale.
Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 2
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $33.33 DETAILS
HIGH: $45.00
LOW: $10.00
MEDIAN: $45.00
CONSENSUS: $33.33
DOWNSIDE: 25.93%
Metric 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Revenue
Revenue 21.3 27.7 25.3 18.6 19.2 22.3 19.2 19.1 18.6 16.7 15.5 16.8 15.9 16.6 20.0 29.7 27.7 38.7 32.1 19.8
Cost of Revenue 28.3 27.3 0.2 25.9 28.8 29.0 29.9 0.2 0.1 0.1 0 0.1 0.1 0.2 0.1 (0.1) 0.6 1.6 1.0 0.9
Gross Profit (7.1) 0.4 25.1 (7.3) (9.6) (6.8) (10.6) 18.9 18.4 16.6 15.5 16.7 15.8 16.5 19.9 29.8 27.1 37.1 31.1 18.8
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 13.1 10.3 10.2 10.0 9.5 9.1 12.6 10.0 9.4 11.1 36.6 10.8 10.9 10.7 8.4 33.4 7.5 8.1 6.1 3.7
Other Expenses 0.0 2.9 31.4 1.3 1.7 1.8 1.8 33.3 30.5 28.0 1.8 33.7 47.4 31.8 50.3 2.0 25.2 29.7 22.8 16.9
Operating Expenses 13.2 13.2 41.6 11.4 11.3 10.9 14.4 43.3 39.9 39.2 38.4 44.5 58.2 42.5 58.6 35.3 32.8 37.9 28.9 20.6
Operating Income
Operating Income (20.3) (12.8) (16.5) (18.7) (20.9) (17.7) (25.0) (24.4) (21.5) (22.6) (23.0) (27.8) (42.4) (26.0) (38.8) (5.5) (5.7) (0.8) 2.2 (1.8)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0.0 1.8 0.6 1.1
Interest Income 0.6 0.8 1.0 1.2 1.3 1.5 1.7 1.9 1.7 1.3 1.5 1.5 0.9 0.3 0 0.0 0 0 0 0
Profitability
EBITDA (18.5) (9.6) (16.1) (16.7) (18.5) (15.2) (22.6) (21.2) (20.4) (21.5) (20.3) (26.4) (40.5) (23.8) (16.0) (3.6) (4.3) 0.6 3.6 1.1
EBIT (19.5) (10.8) (16.5) (18.7) (20.9) (17.7) (25.0) (22.1) (21.5) (22.6) (23.0) (27.4) (41.6) (24.8) (17.0) (4.8) (5.6) (0.7) 2.2 0.1
Income Before Tax (19.5) (12.2) (15.2) (15.7) (18.5) (13.8) (18.8) (26.2) (18.7) (24.8) (21.1) (26.0) (16.1) (5.1) (64.3) (6.2) (4.9) (8.0) 0.9 (3.2)
Income Tax Expense (1.3) 0.2 1.0 0.3 0.3 0.3 0.2 0.1 0.3 0.3 0.2 0.1 0.0 0.0 0.1 0.2 0.2 0.0 (0.0) (0.9)
Net Income (18.2) (12.6) (16.2) (15.6) (18.3) (13.7) (18.6) (25.8) (18.3) (24.9) (21.2) (26.1) (16.2) (5.1) (64.4) (6.4) (5.1) (8.0) 0.9 (2.3)
Per Share Data
EPS (Basic) -1.37 -1.34 -1.29 -1.26 -1.49 -1.13 -1.55 -2.21 -1.58 -2.15 -1.85 -2.29 -1.43 -0.46 -14.64 0.78 -3.30 -0.83 6.06 -3.42
EPS (Diluted) -1.37 -1.34 -1.29 -1.26 -1.49 -1.13 -1.55 -2.21 -1.58 -0.14 -0.12 -2.29 -1.77 -2.93 -14.64 0.78 -3.30 -0.83 6.06 -3.42
Shares Outstanding 13.3 12.5 12.5 12.4 12.3 12.2 12.0 11.7 11.6 11.6 11.5 11.4 11.3 11.1 4.4 3.4 3.4 3.4 3.4 3.4
Metric 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 32.3 54.3 70.5 105.1 115.6 115.1 128.5 145.8 155.1 159.5 175.3 193.1 202.6 206.8 204.1 76.4 80.5 1.0 1.2 40.6
Short-Term Investments 29.5 26.4 22.6 1.1 1.1 6.5 2.2 7.7 3.1 2.7 0 0 0 0 0 0 0 0 0 0
Net Receivables 8.1 8.1 5.9 4.7 8.0 7.5 5.6 4.1 3.9 4.7 3.3 3.5 3.0 2.3 3.8 6.5 4.0 0 0 5.7
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 1.1 11.2 4.9 4.8 0.5 3.0 9.8 2.2 3.0 2.9 3.3 4.0 3.6 3.0 2.5 2.0 9.0 0 0 42.3
Total Current Assets 78.3 100.0 107.4 119.2 129.4 137.0 148.7 163.1 170.4 176.3 186.1 206.9 217.0 221.3 214.1 88.1 96.7 1.5 1.8 91.4
Non-Current Assets
Property, Plant & Equipment 3.7 5.5 6.7 8.0 10.2 11.3 12.5 9.5 3.7 4.5 5.2 6.1 4.1 5.7 7.1 8.4 7.6 0 0 9.9
Goodwill 147.0 120.9 120.9 120.9 120.9 120.9 120.9 120.9 120.9 120.9 120.9 133.9 134.9 0 120.9 0 121.0 0 0 121.0
Intangible Assets 12.4 5.1 5.3 5.5 6.0 7.0 8.0 9.0 15.0 16.6 18.3 7.6 6.7 141.2 20.4 140.5 20.1 0 0 21.0
Long-Term Investments 0 0 0 0 7.4 6.8 6.2 5.6 0 0 0 7.4 6.5 16.3 15.0 13.5 0 414.1 414.1 0
Other Non-Current Assets 10.8 11.3 9.1 9.9 2.6 2.6 2.3 2.6 7.5 7.7 7.8 9.2 8.2 1.7 1.7 7.5 16.6 0 0 15.3
Total Non-Current Assets 173.7 142.9 142.1 144.3 147.2 148.6 150.0 147.6 147.1 149.8 152.2 156.8 153.9 164.9 165.1 169.8 165.3 414.1 414.1 167.1
Total Assets 252.0 242.8 249.5 263.5 276.6 285.7 298.7 310.7 317.5 326.1 338.3 363.7 370.9 386.1 379.2 257.9 262.0 415.5 415.9 258.5
Current Liabilities
Account Payables 2.3 2.7 2.4 1.9 1.6 1.7 2.7 1.8 1.5 1.6 1.4 2.8 2.0 3.8 2.9 1.9 2.9 0 0 2.6
Short-Term Debt 0 0 0 0 3.5 3.4 2.9 2.5 0 0 0 0 0 4.8 5.5 6.5 0 0 0 2.5
Deferred Revenue 0 0 0.3 0.6 0.9 1.1 0.8 0.4 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 3.6 13.6 11.4 14.9 5.0 4.3 9.0 7.0 11.2 9.4 10.1 5.1 5.5 5.1 6.8 5.1 12.4 1.3 0.1 45.9
Total Current Liabilities 30.7 25.1 21.4 25.1 24.1 20.9 24.1 24.2 20.7 17.6 17.2 26.4 23.8 23.4 26.1 38.0 40.5 1.3 0.1 68.4
Non-Current Liabilities
Long-Term Debt 0 9.6 7.4 7.4 7.4 6.8 6.2 5.6 5.8 5.8 5.8 0 0 16.3 15.0 13.5 0 0 0 16.4
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 11.9 0.6 0.3 0.5 2.3 3.2 5.5 9.8 3.5 4.7 0.8 8.3 7.5 27.1 47.9 7.8 18.2 35.3 33.9 15.5
Total Non-Current Liabilities 14.9 13.5 11.3 11.6 14.2 15.3 17.9 18.1 11.3 13.0 9.7 11.9 9.3 46.2 67.0 26.5 24.2 35.3 33.9 40.8
Total Liabilities 45.6 38.6 32.7 36.8 38.3 36.2 42.1 42.3 32.0 30.6 26.9 38.3 33.1 69.6 93.1 64.5 64.7 36.6 34.0 109.2
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 414.0 414.0 0
Retained Earnings (393.9) (375.7) (363.1) (347.0) (331.3) (313.0) (299.3) (280.6) (254.8) (236.5) (211.6) (190.4) (164.3) (148.1) (143.0) (78.6) (72.2) (35.1) (32.2) (60.1)
Accumulated Other Comprehensive Income 1.3 1.2 0.8 0.6 0.9 0.7 0.8 0.9 0.6 0.8 0.8 0.7 (0.1) 0 0 0 0 0 0 0
Total Stockholders' Equity 202.6 200.5 213.5 223.6 234.5 245.4 252.2 263.5 280.4 289.6 305.4 319.4 332.2 316.5 286.0 193.4 197.3 378.9 381.8 149.3
Total Liabilities & Equity 252.0 242.8 249.5 263.5 276.6 285.7 298.7 310.7 317.5 326.1 338.3 363.7 370.9 386.1 379.2 257.9 262.0 415.5 415.9 258.5
Debt Metrics
Total Debt 4.5 14.9 13.7 14.6 15.4 15.4 15.4 10.8 10.1 11.2 12.2 7.4 5.6 24.0 24.5 25.1 9.7 0 0 31.3
Net Debt (27.8) (39.4) (56.8) (90.6) (100.2) (99.7) (113.1) (135.0) (145.1) (148.3) (163.0) (185.7) (197.0) (182.8) (179.6) (51.3) (70.7) (1.0) (1.2) (9.3)
Metric 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Operating Activities
Net Income (18.2) (16.6) (16.2) (16.0) (18.8) (13.7) (18.6) (25.8) (18.3) (24.9) (21.3) (26.2) (16.2) (5.1) (64.4) (6.4) (5.1) (8.0) 0.9 (2.3)
Depreciation & Amortization 1.3 1.4 1.6 2.0 2.4 2.4 2.5 2.5 2.5 2.5 2.6 2.7 2.3 2.9 2.1 2.1 2.1 2.0 2.0 1.6
Stock-Based Compensation 5.0 3.4 6.5 5.5 7.6 0 0 0 0 0 7.4 11.9 26.7 0 8.5 2.3 0 5.9 1.3 1.8
Change in Working Capital (1.4) (0.4) (4.7) 1.5 3.9 (8.5) (1.2) 2.8 4.3 (3.7) (7.0) 2.4 1.0 (6.3) (11.6) (0.3) (4.1) 13.7 (6.6) (4.2)
Other Non-Cash Items 1.9 4.4 (0.0) (0.9) (0.9) 5.4 4.9 13.9 8.1 12.4 0.5 0.1 (25.2) (9.7) 35.2 0.4 2.0 5.6 1.1 0.8
Operating Cash Flow (11.4) (7.8) (12.8) (7.9) (5.8) (14.4) (12.4) (6.6) (3.5) (13.6) (17.7) (9.0) (11.4) (18.2) (30.2) (2.0) (5.1) 19.2 (1.2) (2.4)
Investing Activities
Capital Expenditure (0.0) (0.1) (0.1) (0.2) (0.2) (0.3) (0.4) (0.4) (0.0) (0.0) (0.1) (1.8) (0.0) (0.1) (1.7) 0 0 0 (0.1) (0.2)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (13.1)
Purchases of Investments (18.9) (19.4) (22.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 17.5 14.7 0.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (9.2) 0 0 0 (0.0) 6.6 0 (4.5) (0.5) (2.7) 0 (1.7) 0 0 (1.7) 0 0 0 0 0
Investing Cash Flow (10.6) (4.8) (21.5) (0.2) (0.2) 6.3 (0.4) (4.9) (0.5) (2.7) (0.1) (1.8) (1.4) (1.7) (1.7) (0.4) (2.4) (0.3) (0.1) (13.3)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0 (16.6) (2.9) 13.4
Stock Repurchased 0 (4.1) 0 0 0 0 0 0 0 0 0 0 (0.2) 0 0 0.0 (0.0) (0.0) 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (0.1) (0.2) (0.7) (0.6) (0.4) (1.1) (2.3) (0.1) 0 0 (0.5) 0.1 9.5 0.5 (48.4) (0.0) 0 0 0.4 0
Financing Cash Flow (0.1) (4.3) (0.7) (0.5) (0.4) (0.9) (2.1) 0.3 0.0 0.3 (0.5) 0.1 10.6 22.6 159.6 (3.1) (0.7) 32.7 (2.4) 34.6
Cash Position
Net Change in Cash (22.0) (16.2) (34.7) (9.3) (6.0) (13.4) (17.3) (10.6) (4.4) (16.1) (18.1) (9.5) (2.3) 2.6 127.7 75.7 (0.3) (0.2) (3.8) 18.9
Cash at Beginning 55.4 71.6 106.3 115.6 121.6 128.5 145.8 156.4 160.8 176.9 195.0 204.4 206.8 204.1 76.4 0.7 1.0 1.2 42.2 23.3
Cash at End 33.4 55.4 71.6 106.3 115.6 115.1 128.5 145.8 156.4 160.8 176.9 195.0 204.4 206.8 204.1 76.4 0.7 1.0 38.4 42.2
Free Cash Flow (11.4) (7.9) (12.9) (8.1) (6) (14.7) (12.8) (7.0) (3.6) (13.7) (17.8) (10.9) (11.4) (18.3) (31.9) (2.0) (5.1) 19.2 (1.4) (2.6)
Key Metrics 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Income Statement
Revenue 21.3 27.7 25.3 18.6 19.2 22.3 19.2 19.1 18.6 16.7 15.5 16.8 15.9 16.6 20.0 29.7 27.7 38.7 32.1 19.8
Gross Profit (7.1) 0.4 25.1 (7.3) (9.6) (6.8) (10.6) 18.9 18.4 16.6 15.5 16.7 15.8 16.5 19.9 29.8 27.1 37.1 31.1 18.8
Operating Income (20.3) (12.8) (16.5) (18.7) (20.9) (17.7) (25.0) (24.4) (21.5) (22.6) (23.0) (27.8) (42.4) (26.0) (38.8) (5.5) (5.7) (0.8) 2.2 (1.8)
Net Income (18.2) (12.6) (16.2) (15.6) (18.3) (13.7) (18.6) (25.8) (18.3) (24.9) (21.2) (26.1) (16.2) (5.1) (64.4) (6.4) (5.1) (8.0) 0.9 (2.3)
EPS (Diluted) -1.37 -1.34 -1.29 -1.26 -1.49 -1.13 -1.55 -2.21 -1.58 -0.14 -0.12 -2.29 -1.77 -2.93 -14.64 0.78 -3.30 -0.83 6.06 -3.42
Balance Sheet
Cash & Equivalents 32.3 54.3 70.5 105.1 115.6 115.1 128.5 145.8 155.1 159.5 175.3 193.1 202.6 206.8 204.1 76.4 80.5 1.0 1.2 40.6
Total Assets 252.0 242.8 249.5 263.5 276.6 285.7 298.7 310.7 317.5 326.1 338.3 363.7 370.9 386.1 379.2 257.9 262.0 415.5 415.9 258.5
Total Debt 4.5 14.9 13.7 14.6 15.4 15.4 15.4 10.8 10.1 11.2 12.2 7.4 5.6 24.0 24.5 25.1 9.7 0 0 31.3
Stockholders' Equity 202.6 200.5 213.5 223.6 234.5 245.4 252.2 263.5 280.4 289.6 305.4 319.4 332.2 316.5 286.0 193.4 197.3 378.9 381.8 149.3
Cash Flow
Operating Cash Flow (11.4) (7.8) (12.8) (7.9) (5.8) (14.4) (12.4) (6.6) (3.5) (13.6) (17.7) (9.0) (11.4) (18.2) (30.2) (2.0) (5.1) 19.2 (1.2) (2.4)
Capital Expenditure (0.0) (0.1) (0.1) (0.2) (0.2) (0.3) (0.4) (0.4) (0.0) (0.0) (0.1) (1.8) (0.0) (0.1) (1.7) 0 0 0 (0.1) (0.2)
Free Cash Flow (11.4) (7.9) (12.9) (8.1) (6) (14.7) (12.8) (7.0) (3.6) (13.7) (17.8) (10.9) (11.4) (18.3) (31.9) (2.0) (5.1) 19.2 (1.4) (2.6)