Symbols / FRGE $45.00 +0.42% Forge Global Holdings Inc

Financial Services • Capital Markets • United States • NYQ
FRGE Chart
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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
Market Cap 623.01M Enterprise Value 565.57M Income -62.62M Sales 92.88M Book/sh 14.80 Cash/sh 4.49
Dividend Yield — Payout 0.00% Employees 300 IPO Mar 22, 2022 P/E — Forward P/E -28.54
PEG — P/S 6.71 P/B 3.04 P/C — EV/EBITDA -8.98 EV/Sales 6.09
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 10.14M Short Float 7.28%
Short Ratio 4.99 Short Interest — 52W High 45.03 52W Low 6.60 Beta 2.23 Avg Volume 194.32K
Volume 552.95K Target Price $45.00 Recom Hold Prev Close $44.81 Price $45.00 Change 0.42%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$45.00
Mean price target
2. Current target
$45.00
Latest analyst target
3. DCF / Fair value
$-10.47
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$45.00
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
News
RSS: Latest FRGE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-12 DONDZILA CATHERINE M Officer — 8,888 $0.00 $0
2026-02-12 RODRIQUES KELLY Chief Executive Officer — 91,444 $0.00 $0
2026-02-12 NEVIN JAMES Chief Financial Officer — 32,088 $0.00 $0
2026-01-28 HIRJI ASIFF S Director — 1,133 $0.00 $0
2026-01-28 VOGEL KIMBERLEY H. Director — 1,416 $0.00 $0
2026-01-28 RODRIQUES KELLY Chief Executive Officer — 30,035 $0.00 $0
2026-01-28 KUMAR ASHWIN Director — 1,416 $0.00 $0
2026-01-28 NEVIN JAMES Chief Financial Officer — 15,234 $0.00 $0
2025-12-23 RODRIQUES KELLY Chief Executive Officer — 36,800 $0.00 $0
2025-12-22 NEVIN JAMES Chief Financial Officer — 5,333 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
79.33
+13.62%
69.82
+0.63%
69.38
-45.82%
128.06
Operating Revenue
79.33
+13.62%
69.82
+0.63%
69.38
-45.82%
128.06
Cost Of Revenue
113.67
+6.21%
107.02
-26.69%
146.00
+49.45%
97.69
Reconciled Cost Of Revenue
111.01
+6.87%
103.87
-26.85%
142.00
+49.65%
94.88
Gross Profit
-34.34
+7.71%
-37.20
+51.44%
-76.61
-352.29%
30.37
Operating Expense
47.93
-11.65%
54.25
+1.75%
53.31
+35.74%
39.27
Selling General And Administration
41.27
-12.74%
47.29
+0.01%
47.29
+39.55%
33.88
Selling And Marketing Expense
4.33
+24.33%
3.49
-26.67%
4.75
-6.60%
5.09
General And Administrative Expense
36.94
-15.69%
43.81
+2.99%
42.53
+47.71%
28.80
Salaries And Wages
112.99
+6.00%
106.59
-26.75%
145.51
+53.73%
94.65
Other Gand A
31.72
-18.51%
38.92
+4.97%
37.08
+48.01%
25.05
Other Operating Expenses
—
—
11.49
+39.38%
8.24
Total Expenses
161.59
+0.20%
161.27
-19.09%
199.31
+45.52%
136.96
Operating Income
-82.26
+10.04%
-91.45
+29.62%
-129.93
-1358.71%
-8.91
Total Operating Income As Reported
-82.26
+10.04%
-91.45
+32.28%
-135.04
-1279.51%
-9.79
EBITDA
-72.95
+10.32%
-81.34
+32.16%
-119.90
-16716.55%
-0.71
Normalized EBITDA
-82.38
-10.01%
-74.88
+44.38%
-134.62
-2259.87%
6.23
Reconciled Depreciation
9.31
-7.87%
10.11
+0.82%
10.03
+22.35%
8.19
EBIT
-82.26
+10.04%
-91.45
+29.62%
-129.93
-1358.71%
-8.91
Total Unusual Items
9.42
+245.77%
-6.46
-143.91%
14.72
+311.96%
-6.95
Total Unusual Items Excluding Goodwill
9.42
+245.77%
-6.46
-143.91%
14.72
+311.96%
-6.95
Special Income Charges
—
0.00
+100.00%
-5.11
-479.71%
-0.88
Restructuring And Mergern Acquisition
—
0.00
-100.00%
5.11
+479.71%
0.88
Net Income
-66.33
+26.48%
-90.22
+19.34%
-111.86
-504.68%
-18.50
Pretax Income
-66.78
+26.40%
-90.73
+18.68%
-111.58
-516.01%
-18.11
Net Non Operating Interest Income Expense
5.67
-11.62%
6.42
+139.50%
2.68
+216.21%
-2.31
Net Interest Income
5.67
-11.62%
6.42
+139.50%
2.68
+216.21%
-2.31
Interest Income Non Operating
5.67
-11.62%
6.42
—
—
Interest Income
5.67
-11.62%
6.42
—
—
Other Income Expense
9.81
+272.06%
-5.70
-136.39%
15.67
+327.11%
-6.90
Other Non Operating Income Expenses
0.39
-49.28%
0.76
-19.26%
0.94
+1910.64%
0.05
Gain On Sale Of Security
9.42
+245.77%
-6.46
-132.59%
19.84
+427.11%
-6.06
Tax Provision
1.07
+30.16%
0.82
+150.46%
0.33
-15.28%
0.39
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
-22.22%
0.00
Tax Effect Of Unusual Items
1.98
+245.77%
-1.36
-143.91%
3.09
+264.86%
-1.88
Net Income Including Noncontrolling Interests
-67.84
+25.89%
-91.55
+18.19%
-111.91
-504.92%
-18.50
Net Income From Continuing Operation Net Minority Interest
-66.33
+26.48%
-90.22
+19.34%
-111.86
-504.68%
-18.50
Net Income From Continuing And Discontinued Operation
-66.33
+26.48%
-90.22
+19.34%
-111.86
-504.68%
-18.50
Net Income Continuous Operations
-67.84
+25.89%
-91.55
+18.19%
-111.91
-504.92%
-18.50
Minority Interests
1.51
+13.70%
1.33
+2786.96%
0.05
0.00
Normalized Income
-73.78
+13.32%
-85.11
+31.08%
-123.49
-819.62%
-13.43
Net Income Common Stockholders
-66.33
+26.48%
-90.22
+19.34%
-111.86
-504.68%
-18.50
Diluted EPS
-5.40
+30.77%
-7.80
+35.00%
-12.00
-631.82%
-1.64
Basic EPS
-5.40
+30.77%
-7.80
+33.33%
-11.70
-613.52%
-1.64
Basic Average Shares
12.21
+5.63%
11.56
+20.55%
9.59
-15.00%
11.28
Diluted Average Shares
12.21
+5.63%
11.56
+19.58%
9.67
-14.31%
11.28
Diluted NI Availto Com Stockholders
-66.33
+26.48%
-90.22
+19.34%
-111.86
-504.68%
-18.50
Depreciation Amortization Depletion Income Statement
6.66
-4.26%
6.95
+15.40%
6.03
+11.80%
5.39
Depreciation And Amortization In Income Statement
6.66
-4.26%
6.95
+15.40%
6.03
+11.80%
5.39
Rent And Landing Fees
5.22
+6.84%
4.88
-10.47%
5.46
+45.70%
3.74
Rent Expense Supplemental
5.22
+6.84%
4.88
-10.47%
5.46
+45.70%
3.74
Total Other Finance Cost
—
-6.42
-139.50%
-2.68
-216.21%
2.31
Line Item Trend 2024-12-31 2023-12-31
Total Assets
263.51
-15.20%
310.73
Current Assets
119.17
-26.94%
163.10
Cash Cash Equivalents And Short Term Investments
106.21
-30.32%
152.42
Cash And Cash Equivalents
105.14
-27.35%
144.72
Other Short Term Investments
1.07
-86.12%
7.69
Receivables
4.71
+15.71%
4.07
Accounts Receivable
4.71
+15.71%
4.07
Gross Accounts Receivable
6.00
+17.10%
5.13
Allowance For Doubtful Accounts Receivable
-1.30
-22.43%
-1.06
Prepaid Assets
3.49
+3.53%
3.37
Restricted Cash
4.19
+58.38%
2.64
Other Current Assets
0.58
-4.93%
0.61
Total Non Current Assets
144.34
-2.23%
147.63
Net PPE
8.03
-15.51%
9.50
Gross PPE
16.49
+11.55%
14.78
Accumulated Depreciation
-8.46
-60.20%
-5.28
Properties
0.00
0.00
Machinery Furniture Equipment
10.09
+4.98%
9.61
Other Properties
5.11
+18.55%
4.31
Leases
1.30
+49.65%
0.87
Goodwill And Other Intangible Assets
126.46
-2.67%
129.92
Goodwill
120.95
+0.00%
120.95
Other Intangible Assets
5.51
-38.60%
8.97
Other Non Current Assets
2.44
-6.54%
2.62
Total Liabilities Net Minority Interest
36.76
-13.11%
42.31
Current Liabilities
25.14
+3.85%
24.21
Payables And Accrued Expenses
6.25
-23.43%
8.17
Payables
5.20
+3.84%
5.00
Accounts Payable
1.94
+6.01%
1.83
Other Payable
1.68
-0.83%
1.69
Current Accrued Expenses
1.06
-66.52%
3.17
Pensionand Other Post Retirement Benefit Plans Current
13.43
+22.05%
11.00
Total Tax Payable
1.57
+6.49%
1.48
Current Debt And Capital Lease Obligation
3.46
+37.64%
2.52
Current Capital Lease Obligation
3.46
+37.64%
2.52
Current Deferred Liabilities
0.57
+43.75%
0.40
Current Deferred Revenue
0.57
+43.75%
0.40
Other Current Liabilities
1.42
-33.07%
2.12
Total Non Current Liabilities Net Minority Interest
11.62
-35.80%
18.10
Long Term Debt And Capital Lease Obligation
11.11
+33.81%
8.30
Long Term Debt
7.41
+32.52%
5.59
Long Term Capital Lease Obligation
3.69
+36.46%
2.71
Tradeand Other Payables Non Current
—
5.59
Other Non Current Liabilities
0.32
+74.05%
0.18
Stockholders Equity
223.58
-15.15%
263.51
Common Stock Equity
223.58
-15.15%
263.51
Capital Stock
0.02
+5.56%
0.02
Common Stock
0.02
+5.56%
0.02
Preferred Stock
0.00
0.00
Share Issued
12.43
+5.37%
11.79
Ordinary Shares Number
12.42
+5.37%
11.78
Treasury Shares Number
0.01
+0.00%
0.01
Additional Paid In Capital
570.59
+4.92%
543.85
Retained Earnings
-346.97
-23.64%
-280.64
Gains Losses Not Affecting Retained Earnings
0.57
-37.21%
0.91
Treasury Stock
0.62
+0.00%
0.62
Minority Interest
3.16
-35.59%
4.91
Other Equity Adjustments
0.57
-37.21%
0.91
Total Equity Gross Minority Interest
226.74
-15.53%
268.42
Total Capitalization
230.99
-14.16%
269.11
Working Capital
94.02
-32.30%
138.89
Invested Capital
230.99
-14.16%
269.11
Total Debt
14.57
+34.70%
10.82
Capital Lease Obligations
7.16
+37.03%
5.22
Net Tangible Assets
97.13
-27.30%
133.59
Tangible Book Value
97.13
-27.30%
133.59
Derivative Product Liabilities
0.19
-98.00%
9.62
Non Current Note Receivables
7.41
+32.52%
5.59
Notes Receivable
—
—
Preferred Stock Equity
—
—
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-40.53
+2.23%
-41.46
+39.75%
-68.81
-731.19%
10.90
Cash Flow From Continuing Operating Activities
-40.53
+2.23%
-41.46
+39.75%
-68.81
-731.19%
10.90
Net Income From Continuing Operations
-67.84
+25.89%
-91.55
+18.19%
-111.91
-504.92%
-18.50
Depreciation Amortization Depletion
9.31
-7.87%
10.11
+0.82%
10.03
+22.35%
8.19
Depreciation
9.31
-7.87%
10.11
+0.82%
10.03
+22.35%
8.19
Depreciation And Amortization
9.31
-7.87%
10.11
+0.82%
10.03
+22.35%
8.19
Other Non Cash Items
-0.01
-100.52%
1.92
-38.70%
3.13
+2827.10%
0.11
Stock Based Compensation
30.49
-11.20%
34.33
-40.73%
57.92
+373.58%
12.23
Provisionand Write Offof Assets
0.24
-11.85%
0.27
—
—
Asset Impairment Charge
1.05
+75.63%
0.60
-31.85%
0.88
+626.45%
0.12
Operating Gains Losses
-9.42
-245.77%
6.46
+145.15%
-14.32
-336.13%
6.06
Gain Loss On Investment Securities
-9.42
-245.77%
6.46
+132.59%
-19.84
-427.11%
6.06
Change In Working Capital
-4.35
-20.68%
-3.60
+75.23%
-14.54
-642.01%
2.68
Change In Receivables
-0.88
-10.73%
-0.79
-156.45%
1.40
+267.28%
0.38
Changes In Account Receivables
-0.88
-10.73%
-0.79
-156.45%
1.40
+267.28%
0.38
Change In Prepaid Assets
-1.34
-166.40%
2.02
+160.76%
-3.32
-222.11%
-1.03
Change In Payables And Accrued Expense
0.44
+165.34%
-0.68
+91.30%
-7.79
-213.50%
6.87
Change In Accrued Expense
0.16
-70.45%
0.54
+106.18%
-8.70
-215.07%
7.56
Change In Payable
0.28
+123.36%
-1.22
-234.51%
0.90
+230.64%
-0.69
Change In Account Payable
0.28
+123.36%
-1.22
-234.51%
0.90
+230.64%
-0.69
Change In Other Working Capital
—
—
-7.91
-197.91%
8.08
Change In Other Current Liabilities
-2.57
+38.00%
-4.15
+14.06%
-4.83
-36.57%
-3.54
Investing Cash Flow
5.47
+167.05%
-8.16
-22.71%
-6.65
-104.24%
-3.26
Cash Flow From Continuing Investing Activities
5.47
+167.05%
-8.16
-22.71%
-6.65
-104.24%
-3.26
Net PPE Purchase And Sale
-0.79
-50.28%
-0.53
-139.55%
-0.22
0.00
Purchase Of PPE
-0.79
-50.28%
-0.53
-139.55%
-0.22
0.00
Capital Expenditure
-1.09
-106.45%
-0.53
+92.08%
-6.65
-104.24%
-3.26
Capital Expenditure Reported
-0.30
0.00
+100.00%
-6.31
-498.86%
-1.05
Net Investment Purchase And Sale
6.56
+185.93%
-7.63
0.00
0.00
Purchase Of Investment
0.00
+100.00%
-9.75
0.00
0.00
Sale Of Investment
6.56
+210.12%
2.12
0.00
0.00
Net Business Purchase And Sale
—
—
0.00
0.00
Purchase Of Business
—
—
0.00
0.00
Net Intangibles Purchase And Sale
—
0.00
+100.00%
-0.12
+94.64%
-2.20
Purchase Of Intangibles
—
0.00
+100.00%
-0.12
+94.64%
-2.20
Financing Cash Flow
-3.89
-6926.32%
0.06
-99.97%
192.86
+625.56%
26.58
Cash Flow From Continuing Financing Activities
-3.89
-6926.32%
0.06
-99.97%
192.86
+625.56%
26.58
Net Issuance Payments Of Debt
—
0.00
0.00
+100.00%
-19.44
Issuance Of Debt
—
—
0.00
0.00
Repayment Of Debt
—
0.00
0.00
+100.00%
-19.44
Long Term Debt Issuance
—
—
0.00
0.00
Long Term Debt Payments
—
0.00
0.00
+100.00%
-19.44
Net Long Term Debt Issuance
—
0.00
0.00
+100.00%
-19.44
Net Common Stock Issuance
—
0.00
-100.00%
208.50
0.00
Proceeds From Stock Option Exercised
0.53
-25.63%
0.71
-97.02%
23.86
+1393.18%
1.60
Net Other Financing Charges
-4.42
-576.72%
-0.65
+98.35%
-39.50
-697.32%
-4.95
Changes In Cash
-38.95
+21.40%
-49.56
-142.21%
117.41
+243.03%
34.23
Effect Of Exchange Rate Changes
-0.57
-252.12%
0.38
-67.27%
1.16
0.00
Beginning Cash Position
145.78
-25.23%
194.97
+155.18%
76.40
+81.15%
42.18
End Cash Position
106.26
-27.11%
145.78
-25.23%
194.97
+155.18%
76.40
Free Cash Flow
-41.62
+0.86%
-41.98
+44.36%
-75.46
-1087.00%
7.64
Interest Paid Supplemental Data
—
0.00
0.00
-100.00%
2.12
Income Tax Paid Supplemental Data
0.91
+529.66%
0.14
—
—
Common Stock Issuance
—
0.00
-100.00%
208.50
0.00
Issuance Of Capital Stock
—
0.00
-100.00%
208.50
+322.28%
49.38
Net Preferred Stock Issuance
—
0.00
0.00
-100.00%
49.38
Preferred Stock Issuance
—
0.00
0.00
-100.00%
49.38
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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