Forge Global Holdings, Inc.

Forge Global Holdings, Inc.

FRGE
Forge Global Holdings, Inc.US flagNew York Stock Exchange
45.00
USD
+0.19
- -
623.01MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
2.46
4.58
11.35
7.24
6.04
6.5
7.32
Basic EPS, GAAP
-1.35
-0.86
-1.64
-11.66
-7.8
-5.43
-4.94
Free Cash Flow per Basic Share
0.1
-0.23
0.77
-7.21
-3.63
-3.38
-3.16
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-4.46
-5.32
-6.96
-19.86
-24.27
-28.41
-31.06
Tangible Book Value per Share
-8.9
-13.25
-17.12
19.98
11.98
8.21
3.8
Basic Weighted Avg Shares
11
11
11
10
12
12
13
Sales/Revenue/Turnover
28
52
128
69
70
79
93
Operating Margin (%)
-51.4
-8.38
-6.96
-187.26
-130.98
-103.7
-71.39
Depreciation Expense
2
4
8
10
10
9
6
Net Income, GAAP
-15
-10
-18
-112
-90
-66
-63
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-54.99
-18.81
-14.45
-161.22
-129.22
-83.62
-67.42
Working Capital
4
23
50
181
139
94
48
LT Debt
52
39
19
11
8
11
12
Total Equity
37
149
193
325
268
227
206
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
3
2
2
LT Borrowings
7
10
9
LT Finance Leases
3
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
12
14
Market Capitalization
104
236
214

Working Capital

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
107
100
78
Cash, Cash Equivalents & STI
93
81
61
Accounts Receivable, Net
6
8
8
Inventories
- -
- -
- -
Total Current Liabilities
21
25
31
Payables & Accruals
7
10
11
ST Debt
3
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
72.74%
-15.53%
Free Cash Flow
- -
-340.7%
-1.57%
Net Income, GAAP
- -
102.62%
-26.48%
Sales/Revenue/Turnover
- -
40.55%
13.62%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
15
17
19
19
70
2024
19
22
19
19
79
2025
25
28
21
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-1.85
-2.15
-1.58
-2.21
-7.8
2024
-1.55
-1.13
-1.49
-1.26
-5.43
2025
-1.29
-1.01
-1.37
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Kelly A. Rodriques
Full Time Employees
300
Sector
Technology
Industry
Software - Application
Address
415 Mission Street San Francisco CA United States of America 94105
IPO Date
Feb 1, 2021
Business
Forge Global Holdings, Inc. operates as a financial technology company specializing in private market infrastructure, data services, technology, and investment solutions. The company’s core offerings include a private market platform designed to connect buyers seeking to invest in private companies with sellers of company shares and related products; private company solutions providing tailored options for liquidity and capital formation; asset management solutions for fund creation, management, redemption of fund units, and secured cash management; and data solutions that offer derived data and market indices to enhance transparency in private markets. Forge's platform facilitates secondary market transactions in private company shares, serving institutional and accredited investors globally. Founded in 2014 and headquartered in San Francisco, California, the company has expanded its reach across the United States and internationally. In recent developments, Forge Global completed its acquisition of Accuidity Capital Management, a specialized asset management firm focused on private market investing, to expand its investment management capabilities and private wealth solutions. This acquisition, announced and completed in 2025, aims to add recurring revenue streams and support the company’s goal of achieving adjusted EBITDA breakeven by 2026. Additionally, Forge announced a 1-for-15 reverse stock split to meet NYSE minimum bid price requirements, partnered with Yahoo Finance to provide real-time private company data, and transitioned its auditing services from Ernst & Young to KPMG. Most notably, in November 2025, Charles Schwab agreed to acquire Forge Global for approximately $660 million to integrate Forge’s private markets platform with Schwab’s vast retail client base and expand retail access to private securities, with the transaction expected to close in the first half of 2026 pending approvals. Forge’s private market infrastructure serves a critical role by facilitating over $17 billion in private share transactions and connecting investors with shares in high-profile private companies such as OpenAI, Anthropic, SpaceX, Stripe, and Anduril. The company’s comprehensive platform supports various stakeholders in the private markets ecosystem, including issuers, shareholders, institutional investors, and wealth managers, offering liquidity solutions, structured liquidity events, and data-driven investment insights. Forge maintains a strong liquidity position with significant cash reserves and continues to innovate through new product launches like its Next Generation Marketplace and strategic partnerships that enhance market transparency and investor access. Overall, Forge Global Holdings operates at the intersection of private equity, fintech, and asset management, providing marketplace infrastructure, technology solutions, and data services that democratize access to private investments while expanding its presence and capabilities through strategic acquisitions and partnerships within the evolving private markets landscape.

Company News

APIChat
  • Cranium AI and ISTARI Forge Global Alliance to Drive Enterprise AI Security and Governance

  • Forge Global Named to Fast Company's Annual List of the World's Most Innovative Companies of 2026

  • Head to Head Contrast: Imation (OTCMKTS:GLAE) vs. Forge Global (NYSE:FRGE)

  • Forge Global Holdings, Inc. (NYSE:FRGE) Receives $42.00 Average Target Price from Analysts

  • Forge Global (NYSE:FRGE) Hits New 12-Month High – What’s Next?

  • Contrasting Neon Bloom (OTCMKTS:NBCO) and Forge Global (NYSE:FRGE)

  • Brokerages Set Forge Global Holdings, Inc. (NYSE:FRGE) PT at $42.00

  • Forge Global Announces Stockholder Approval of Merger

  • This Could Be Your Last Chance to Buy Into SpaceX Before the 2026 IPO

  • Forge Global Holdings, Inc. (NYSE:FRGE) Receives $42.00 Consensus PT from Analysts

  • Forge Selected as Liquidating Trustee of Linqto Customer Assets

  • These Are the 3 Biggest Financial Stock Winners of 2025. Can They Carry the Momentum Into 2026?

  • Allianz and Anthropic Forge Global Partnership to Advance Responsible AI in Insurance

  • Forge Global Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forge Global Holdings, Inc. - FRGE

  • Halper Sadeh LLC Encourages SNCR, HOLX, FRGE Shareholders to Contact the Firm to Discuss Their Rights

  • BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Diamond Hill Investment Group, Inc. (Nasdaq – DHIL), Synchronoss Technologies (Nasdaq – SNCR), Forge Global Holdings, Inc. (NYSE – FRGE), Hologic, Inc. (Nasdaq – HOLX)

  • Halper Sadeh LLC Encourages FRGE, THS, SNDA, AWK Shareholders to Contact the Firm to Discuss Their Rights

  • AWM Investment Company Inc. Sells 3,722,535 Shares of Forge Global Holdings, Inc. $FRGE

  • Here Are Friday’s Top Wall Street Analyst Research Calls: Bristol-Myers Squibb, Citigroup, Lululemon Athletica, PayPal, Roblox, Soundhound AI, and More

  • Halper Sadeh LLC Encourages DHIL, SNCR, FRGE, HOLX Shareholders to Contact the Firm to Discuss Their Rights