Symbols / FRGE
FRGE Chart
About
Forge Global Holdings, Inc. operates a financial services platform in California. The company's platform solutions include marketplace solutions, a private market platform which is designed to connect buyers looking to invest in private companies and sellers of company shares and related products; private company solutions, a private company to deliver comprehensive, tailored solutions for their liquidity and capital formation; asset management solutions for fund creation and management, redemption of fund units, and secured cash management; and data solutions for derived data and indices. It also provides custody solutions for self-directed IRA accounts and custody-as-a-service. The company was founded in 2014 and is headquartered in San Francisco, California.
Fundamentals
Scroll to Statements| Sector | Financial Services | Industry | Capital Markets | Market Cap | 617.47M |
| Enterprise Value | 560.07M | Income | -62.62M | Sales | 92.88M |
| Book/sh | 14.80 | Cash/sh | 4.49 | Dividend Yield | — |
| Payout | 0.00% | Employees | 300 | IPO | — |
| P/E | — | Forward P/E | -28.29 | PEG | — |
| P/S | 6.65 | P/B | 3.01 | P/C | — |
| EV/EBITDA | -8.89 | EV/Sales | 6.03 | Quick Ratio | 2.27 |
| Current Ratio | 2.55 | Debt/Eq | 2.20 | LT Debt/Eq | — |
| EPS (ttm) | -4.90 | EPS next Y | -1.58 | EPS Growth | — |
| Revenue Growth | 10.60% | Earnings | 2026-03-04 | ROA | -15.20% |
| ROE | -28.25% | ROIC | — | Gross Margin | 98.98% |
| Oper. Margin | -95.46% | Profit Margin | -67.42% | Shs Outstand | 13.84M |
| Shs Float | 10.20M | Short Float | 5.45% | Short Ratio | 3.94 |
| Short Interest | — | 52W High | 44.88 | 52W Low | 6.60 |
| Beta | 2.18 | Avg Volume | 222.26K | Volume | 210.31K |
| Target Price | $45.00 | Recom | None | Prev Close | $44.62 |
| Price | $44.60 | Change | -0.04% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$45.00
Mean price target
2. Current target
$44.60
Latest analyst target
3. DCF / Fair value
$-10.47
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$44.60
Low
$45.00
High
$45.00
Mean
$45.00
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2024-04-09 | reit | JMP Securities | Market Outperform → Market Outperform | $7 |
| 2024-03-28 | reit | JMP Securities | Market Outperform → Market Outperform | $7 |
| 2024-03-27 | main | Oppenheimer | Outperform → Outperform | $4 |
| 2023-08-09 | main | Oppenheimer | Outperform → Outperform | $4 |
| 2023-07-10 | reit | JMP Securities | Market Outperform → Market Outperform | $7 |
| 2023-05-10 | reit | JMP Securities | — → Market Outperform | $7 |
| 2023-04-10 | main | JMP Securities | — → Market Outperform | $7 |
| 2023-03-13 | reit | JMP Securities | — → Market Outperform | $8 |
| 2023-03-01 | main | Oppenheimer | — → Outperform | $2 |
| 2023-01-10 | main | JMP Securities | — → Market Outperform | $8 |
| 2022-11-30 | init | UBS | — → Neutral | $2 |
| 2022-11-22 | init | Piper Sandler | — → Neutral | $2 |
| 2022-08-26 | main | William Blair | — → Market Perform | — |
| 2022-08-26 | init | JMP Securities | — → Market Outperform | $10 |
- FRGE Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Forge Global Holdings, Inc. is Fair to Shareholders - Business Wire hu, 06 Nov 2025 08
- How The Forge Global Holdings (FRGE) Story Is Shifting With The New Price Target - Yahoo Finance Mon, 26 Jan 2026 08
- Behavioral Patterns of FRGE and Institutional Flows - Stock Traders Daily Sat, 21 Feb 2026 00
- Forge Global (NYSE: FRGE) says it is in talks on a potential sale; no agreement reached - Stock Titan Mon, 27 Oct 2025 07
- Forge Global Holdings, Inc.'s (NYSE:FRGE) Shares Leap 30% Yet They're Still Not Telling The Full Story - simplywall.st Wed, 29 Oct 2025 07
- Charles Schwab to buy private shares platform Forge Global in $660 million deal - CNBC hu, 06 Nov 2025 08
- How to Buy Forge Global Stock (FRGE) - The Motley Fool Mon, 12 Jan 2026 08
- Schwab to buy Forge Global for $660 million as demand for pre-IPO shares grows - Reuters hu, 06 Nov 2025 08
- Forge Global stock higher as company reportedly explores sale - Investing.com Mon, 27 Oct 2025 07
- Forge Global Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forge Global Holdings, Inc. - FRGE - PR Newswire Wed, 07 Jan 2026 08
- Forge Global Confirms Talks Over A 'Potential Sale' With Multiple Parties, But Says 'No Agreement Has Been Reached' As Shares Surge - Sahm Mon, 27 Oct 2025 07
- Schwab notches a $660 million deal agreement with private asset firm Forge Global Holdings - Yahoo Finance hu, 06 Nov 2025 08
- Forge Global (NYSE: FRGE) to offer access to LSE's new PISCES private market - Stock Titan hu, 11 Dec 2025 08
- Forge Global Announces Stockholder Approval of Merger - Business Wire hu, 22 Jan 2026 08
- UBS downgrades Forge Global stock to Neutral after Schwab acquisition news - Investing.com ue, 11 Nov 2025 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 8888 | — | — | Stock Award(Grant) at price 0.00 per share. | DONDZILA CATHERINE M | Officer | — | 2026-02-12 00:00:00 | D |
| 1 | 91444 | — | — | Stock Award(Grant) at price 0.00 per share. | RODRIQUES KELLY | Chief Executive Officer | — | 2026-02-12 00:00:00 | D |
| 2 | 32088 | — | — | Stock Award(Grant) at price 0.00 per share. | NEVIN JAMES | Chief Financial Officer | — | 2026-02-12 00:00:00 | D |
| 3 | 1133 | — | — | Stock Award(Grant) at price 0.00 per share. | HIRJI ASIFF S | Director | — | 2026-01-28 00:00:00 | D |
| 4 | 1416 | — | — | Stock Award(Grant) at price 0.00 per share. | VOGEL KIMBERLEY H. | Director | — | 2026-01-28 00:00:00 | D |
| 5 | 30035 | — | — | Stock Award(Grant) at price 0.00 per share. | RODRIQUES KELLY | Chief Executive Officer | — | 2026-01-28 00:00:00 | D |
| 6 | 1416 | — | — | Stock Award(Grant) at price 0.00 per share. | KUMAR ASHWIN | Director | — | 2026-01-28 00:00:00 | D |
| 7 | 15234 | — | — | Stock Award(Grant) at price 0.00 per share. | NEVIN JAMES | Chief Financial Officer | — | 2026-01-28 00:00:00 | D |
| 8 | 36800 | — | — | Stock Award(Grant) at price 0.00 per share. | RODRIQUES KELLY | Chief Executive Officer | — | 2025-12-23 00:00:00 | D |
| 9 | 5333 | — | — | Stock Award(Grant) at price 0.00 per share. | NEVIN JAMES | Chief Financial Officer | — | 2025-12-22 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 1.98M | -1.36M | 3.09M | -1.88M |
| TaxRateForCalcs | 0.21 | 0.21 | 0.21 | 0.27 |
| NormalizedEBITDA | -82.38M | -74.88M | -134.62M | 6.23M |
| TotalUnusualItems | 9.42M | -6.46M | 14.72M | -6.95M |
| TotalUnusualItemsExcludingGoodwill | 9.42M | -6.46M | 14.72M | -6.95M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -66.33M | -90.22M | -111.86M | -18.50M |
| ReconciledDepreciation | 9.31M | 10.11M | 10.03M | 8.19M |
| ReconciledCostOfRevenue | 111.01M | 103.87M | 142.00M | 94.88M |
| EBITDA | -72.95M | -81.34M | -119.90M | -713.00K |
| EBIT | -82.26M | -91.45M | -129.93M | -8.91M |
| NetInterestIncome | 5.67M | 6.42M | 2.68M | -2.31M |
| InterestIncome | 5.67M | 6.42M | ||
| NormalizedIncome | -73.78M | -85.11M | -123.49M | -13.43M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -66.33M | -90.22M | -111.86M | -18.50M |
| TotalExpenses | 161.59M | 161.27M | 199.31M | 136.96M |
| RentExpenseSupplemental | 5.22M | 4.88M | 5.46M | 3.74M |
| TotalOperatingIncomeAsReported | -82.26M | -91.45M | -135.04M | -9.79M |
| DilutedAverageShares | 12.21M | 11.56M | 9.67M | 11.28M |
| BasicAverageShares | 12.21M | 11.56M | 9.59M | 11.28M |
| DilutedEPS | -5.40 | -7.80 | -12.00 | -1.64 |
| BasicEPS | -5.40 | -7.80 | -11.70 | -1.64 |
| DilutedNIAvailtoComStockholders | -66.33M | -90.22M | -111.86M | -18.50M |
| NetIncomeCommonStockholders | -66.33M | -90.22M | -111.86M | -18.50M |
| NetIncome | -66.33M | -90.22M | -111.86M | -18.50M |
| MinorityInterests | 1.51M | 1.33M | 46.00K | 0.00 |
| NetIncomeIncludingNoncontrollingInterests | -67.84M | -91.55M | -111.91M | -18.50M |
| NetIncomeContinuousOperations | -67.84M | -91.55M | -111.91M | -18.50M |
| TaxProvision | 1.07M | 819.00K | 327.00K | 386.00K |
| PretaxIncome | -66.78M | -90.73M | -111.58M | -18.11M |
| OtherIncomeExpense | 9.81M | -5.70M | 15.67M | -6.90M |
| OtherNonOperatingIncomeExpenses | 387.00K | 763.00K | 945.00K | 47.00K |
| SpecialIncomeCharges | 0.00 | -5.11M | -882.00K | |
| RestructuringAndMergernAcquisition | 0.00 | 5.11M | 882.00K | |
| GainOnSaleOfSecurity | 9.42M | -6.46M | 19.84M | -6.06M |
| NetNonOperatingInterestIncomeExpense | 5.67M | 6.42M | 2.68M | -2.31M |
| TotalOtherFinanceCost | -6.42M | -2.68M | 2.31M | |
| InterestIncomeNonOperating | 5.67M | 6.42M | ||
| OperatingIncome | -82.26M | -91.45M | -129.93M | -8.91M |
| OperatingExpense | 47.93M | 54.25M | 53.31M | 39.27M |
| OtherOperatingExpenses | 11.49M | 8.24M | ||
| DepreciationAmortizationDepletionIncomeStatement | 6.66M | 6.95M | 6.03M | 5.39M |
| DepreciationAndAmortizationInIncomeStatement | 6.66M | 6.95M | 6.03M | 5.39M |
| SellingGeneralAndAdministration | 41.27M | 47.29M | 47.29M | 33.88M |
| SellingAndMarketingExpense | 4.33M | 3.49M | 4.75M | 5.09M |
| GeneralAndAdministrativeExpense | 36.94M | 43.81M | 42.53M | 28.80M |
| OtherGandA | 31.72M | 38.92M | 37.08M | 25.05M |
| RentAndLandingFees | 5.22M | 4.88M | 5.46M | 3.74M |
| SalariesAndWages | 112.99M | 106.59M | 145.51M | 94.65M |
| GrossProfit | -34.34M | -37.20M | -76.61M | 30.37M |
| CostOfRevenue | 113.67M | 107.02M | 146.00M | 97.69M |
| TotalRevenue | 79.33M | 69.82M | 69.38M | 128.06M |
| OperatingRevenue | 79.33M | 69.82M | 69.38M | 128.06M |
| Line Item | 2024-12-31 | 2023-12-31 | ||
|---|---|---|---|---|
| TreasurySharesNumber | 10.48K | 10.48K | ||
| OrdinarySharesNumber | 12.42M | 11.78M | 11.50M | 11.28M |
| ShareIssued | 12.43M | 11.79M | 11.50M | 11.28M |
| TotalDebt | 14.57M | 10.82M | 14.81M | 23.98M |
| TangibleBookValue | 97.13M | 133.59M | 185.50M | -193.10M |
| InvestedCapital | 230.99M | 269.11M | 326.76M | -39.19M |
| WorkingCapital | 94.02M | 138.89M | 180.50M | 50.06M |
| NetTangibleAssets | 97.13M | 133.59M | 185.50M | 52.95M |
| CapitalLeaseObligations | 7.16M | 5.22M | 7.44M | 10.53M |
| CommonStockEquity | 223.58M | 263.51M | 319.39M | -52.64M |
| PreferredStockEquity | 246.06M | |||
| TotalCapitalization | 230.99M | 269.11M | 326.76M | 206.87M |
| TotalEquityGrossMinorityInterest | 226.74M | 268.42M | 325.46M | 193.42M |
| MinorityInterest | 3.16M | 4.91M | 6.07M | 0.00 |
| StockholdersEquity | 223.58M | 263.51M | 319.39M | 193.42M |
| GainsLossesNotAffectingRetainedEarnings | 572.00K | 911.00K | 693.00K | 0.00 |
| OtherEquityAdjustments | 572.00K | 911.00K | 693.00K | |
| TreasuryStock | 625.00K | 625.00K | 0.00 | |
| RetainedEarnings | -346.97M | -280.64M | -190.42M | -78.56M |
| AdditionalPaidInCapital | 570.59M | 543.85M | 509.09M | 25.92M |
| CapitalStock | 19.00K | 18.00K | 18.00K | 246.06M |
| CommonStock | 19.00K | 18.00K | 18.00K | 0.00 |
| PreferredStock | 0.00 | 0.00 | 0.00 | 246.06M |
| TotalLiabilitiesNetMinorityInterest | 36.76M | 42.31M | 38.27M | 64.48M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 11.62M | 18.10M | 11.88M | 26.46M |
| OtherNonCurrentLiabilities | 322.00K | 185.00K | 971.00K | 7.84M |
| DerivativeProductLiabilities | 192.00K | 9.62M | 606.00K | 7.84M |
| TradeandOtherPayablesNonCurrent | 5.59M | 7.37M | 13.45M | |
| LongTermDebtAndCapitalLeaseObligation | 11.11M | 8.30M | 10.91M | 18.61M |
| LongTermCapitalLeaseObligation | 3.69M | 2.71M | 3.54M | 5.16M |
| LongTermDebt | 7.41M | 5.59M | 7.37M | 13.45M |
| CurrentLiabilities | 25.14M | 24.21M | 26.39M | 38.02M |
| OtherCurrentLiabilities | 1.42M | 2.12M | 4.12M | 3.99M |
| CurrentDeferredLiabilities | 575.00K | 400.00K | ||
| CurrentDeferredRevenue | 575.00K | 400.00K | ||
| CurrentDebtAndCapitalLeaseObligation | 3.46M | 2.52M | 3.90M | 5.37M |
| CurrentCapitalLeaseObligation | 3.46M | 2.52M | 3.90M | 5.37M |
| PensionandOtherPostRetirementBenefitPlansCurrent | 13.43M | 11.00M | 13.27M | 21.24M |
| PayablesAndAccruedExpenses | 6.25M | 8.17M | 5.10M | 7.43M |
| CurrentAccruedExpenses | 1.06M | 3.17M | 1.30M | 2.93M |
| Payables | 5.20M | 5.00M | 3.80M | 4.49M |
| OtherPayable | 1.68M | 1.69M | 5.00K | 1.15M |
| TotalTaxPayable | 1.57M | 1.48M | 1.01M | 1.42M |
| AccountsPayable | 1.94M | 1.83M | 2.80M | 1.92M |
| TotalAssets | 263.51M | 310.73M | 363.73M | 257.89M |
| TotalNonCurrentAssets | 144.34M | 147.63M | 156.84M | 169.81M |
| OtherNonCurrentAssets | 2.44M | 2.62M | 1.88M | 7.51M |
| NonCurrentNoteReceivables | 7.41M | 5.59M | 7.37M | 13.45M |
| GoodwillAndOtherIntangibleAssets | 126.46M | 129.92M | 133.89M | 140.47M |
| OtherIntangibleAssets | 5.51M | 8.97M | 12.94M | 19.52M |
| Goodwill | 120.95M | 120.95M | 120.95M | 120.95M |
| NetPPE | 8.03M | 9.50M | 13.71M | 8.38M |
| AccumulatedDepreciation | -8.46M | -5.28M | -2.48M | -780.00K |
| GrossPPE | 16.49M | 14.78M | 16.19M | 9.16M |
| Leases | 1.30M | 866.00K | 387.00K | 320.00K |
| OtherProperties | 5.11M | 4.31M | 5.71M | 7.88M |
| MachineryFurnitureEquipment | 10.09M | 9.61M | 10.10M | 957.00K |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 119.17M | 163.10M | 206.89M | 88.08M |
| OtherCurrentAssets | 579.00K | 609.00K | 2.18M | 1.99M |
| RestrictedCash | 4.19M | 2.64M | 1.83M | 1.62M |
| PrepaidAssets | 3.49M | 3.37M | 6.20M | 3.16M |
| Receivables | 4.71M | 4.07M | 3.54M | 6.53M |
| NotesReceivable | 5.00K | 1.15M | ||
| AccountsReceivable | 4.71M | 4.07M | 3.54M | 5.38M |
| AllowanceForDoubtfulAccountsReceivable | -1.30M | -1.06M | ||
| GrossAccountsReceivable | 6.00M | 5.13M | ||
| CashCashEquivalentsAndShortTermInvestments | 106.21M | 152.42M | 193.14M | 74.78M |
| OtherShortTermInvestments | 1.07M | 7.69M | 0.00 | |
| CashAndCashEquivalents | 105.14M | 144.72M | 193.14M | 74.78M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -41.62M | -41.98M | -75.46M | 7.64M |
| RepaymentOfDebt | 0.00 | 0.00 | -19.44M | |
| IssuanceOfDebt | 0.00 | 0.00 | ||
| IssuanceOfCapitalStock | 0.00 | 208.50M | 49.38M | |
| CapitalExpenditure | -1.09M | -527.00K | -6.65M | -3.26M |
| InterestPaidSupplementalData | 0.00 | 0.00 | 2.12M | |
| IncomeTaxPaidSupplementalData | 913.00K | 145.00K | ||
| EndCashPosition | 106.26M | 145.78M | 194.97M | 76.40M |
| BeginningCashPosition | 145.78M | 194.97M | 76.40M | 42.18M |
| EffectOfExchangeRateChanges | -575.00K | 378.00K | 1.16M | 0.00 |
| ChangesInCash | -38.95M | -49.56M | 117.41M | 34.23M |
| FinancingCashFlow | -3.89M | 57.00K | 192.86M | 26.58M |
| CashFlowFromContinuingFinancingActivities | -3.89M | 57.00K | 192.86M | 26.58M |
| NetOtherFinancingCharges | -4.42M | -653.00K | -39.50M | -4.95M |
| ProceedsFromStockOptionExercised | 528.00K | 710.00K | 23.86M | 1.60M |
| NetPreferredStockIssuance | 0.00 | 0.00 | 49.38M | |
| PreferredStockIssuance | 0.00 | 0.00 | 49.38M | |
| NetCommonStockIssuance | 0.00 | 208.50M | 0.00 | |
| CommonStockIssuance | 0.00 | 208.50M | 0.00 | |
| NetIssuancePaymentsOfDebt | 0.00 | 0.00 | -19.44M | |
| NetLongTermDebtIssuance | 0.00 | 0.00 | -19.44M | |
| LongTermDebtPayments | 0.00 | 0.00 | -19.44M | |
| LongTermDebtIssuance | 0.00 | 0.00 | ||
| InvestingCashFlow | 5.47M | -8.16M | -6.65M | -3.26M |
| CashFlowFromContinuingInvestingActivities | 5.47M | -8.16M | -6.65M | -3.26M |
| NetInvestmentPurchaseAndSale | 6.56M | -7.63M | 0.00 | 0.00 |
| SaleOfInvestment | 6.56M | 2.12M | 0.00 | 0.00 |
| PurchaseOfInvestment | 0.00 | -9.75M | 0.00 | 0.00 |
| NetBusinessPurchaseAndSale | 0.00 | 0.00 | ||
| PurchaseOfBusiness | 0.00 | 0.00 | ||
| NetIntangiblesPurchaseAndSale | 0.00 | -118.00K | -2.20M | |
| PurchaseOfIntangibles | 0.00 | -118.00K | -2.20M | |
| NetPPEPurchaseAndSale | -792.00K | -527.00K | -220.00K | 0.00 |
| PurchaseOfPPE | -792.00K | -527.00K | -220.00K | 0.00 |
| CapitalExpenditureReported | -296.00K | 0.00 | -6.31M | -1.05M |
| OperatingCashFlow | -40.53M | -41.46M | -68.81M | 10.90M |
| CashFlowFromContinuingOperatingActivities | -40.53M | -41.46M | -68.81M | 10.90M |
| ChangeInWorkingCapital | -4.35M | -3.60M | -14.54M | 2.68M |
| ChangeInOtherWorkingCapital | -7.91M | 8.08M | ||
| ChangeInOtherCurrentLiabilities | -2.57M | -4.15M | -4.83M | -3.54M |
| ChangeInPayablesAndAccruedExpense | 443.00K | -678.00K | -7.79M | 6.87M |
| ChangeInAccruedExpense | 159.00K | 538.00K | -8.70M | 7.56M |
| ChangeInPayable | 284.00K | -1.22M | 904.00K | -692.00K |
| ChangeInAccountPayable | 284.00K | -1.22M | 904.00K | -692.00K |
| ChangeInPrepaidAssets | -1.34M | 2.02M | -3.32M | -1.03M |
| ChangeInReceivables | -877.00K | -792.00K | 1.40M | 382.00K |
| ChangesInAccountReceivables | -877.00K | -792.00K | 1.40M | 382.00K |
| OtherNonCashItems | -10.00K | 1.92M | 3.13M | 107.00K |
| StockBasedCompensation | 30.49M | 34.33M | 57.92M | 12.23M |
| ProvisionandWriteOffofAssets | 238.00K | 270.00K | ||
| AssetImpairmentCharge | 1.05M | 599.00K | 879.00K | 121.00K |
| DepreciationAmortizationDepletion | 9.31M | 10.11M | 10.03M | 8.19M |
| DepreciationAndAmortization | 9.31M | 10.11M | 10.03M | 8.19M |
| Depreciation | 9.31M | 10.11M | 10.03M | 8.19M |
| OperatingGainsLosses | -9.42M | 6.46M | -14.32M | 6.06M |
| GainLossOnInvestmentSecurities | -9.42M | 6.46M | -19.84M | 6.06M |
| NetIncomeFromContinuingOperations | -67.84M | -91.55M | -111.91M | -18.50M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for FRGE
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|