Forge Global Holdings, Inc.
20.67+2.12 (+11.4%)
Oct 28, 4:00:02 PM EDT · NYSE · FRGE · USD
Key Stats
Market Cap
280.93MP/E (TTM)
-Basic EPS (TTM)
-5.03Dividend Yield
0%Recent Filings
8-K
8-K
CEO forfeits RSUs for talent pool
Forge Global Holdings' CEO Kelly Rodriques voluntarily forfeited all 155,935 restricted stock units granted in 2023, effective September 22, 2025, for no consideration. This move frees up shares to attract and retain key talent amid competitive pressures. The forfeiture bolsters the company's equity pool for strategic hires. No financial impact on Rodriques was detailed.
10-Q
Q2 FY2025 results
Forge Global Holdings posted solid Q2 FY2025 results, with total revenues climbing 25% y/y to $27.7M, fueled by marketplace revenue surging 59% y/y to $18.6M on 110% higher trading volume, though custodial fees dipped 14% y/y to $9.1M amid lower client cash. Operating loss narrowed to $12.8M from $17.7M y/y, thanks to 8% lower compensation costs and flat other expenses, while net loss improved to $12.4M, or $1.01 per diluted share on 12,474K shares—consistent with YTD figures. Cash and equivalents stood at $54.3M with $26.4M in investments, but operating cash burn hit $20.6M YTD; free cash flow not disclosed in the 10-Q. On July 1, 2025, Forge closed the Accuidity acquisition for $10M cash plus 1.2M shares, recognizing undisclosed goodwill. Marketplace reorganization drove severance costs. Yet competition in private markets remains fierce.
8-K
Forge Q2 revenue up 10%
Forge Global Holdings reported Q2 2025 results with total revenues less transaction-based expenses up 10% quarter-over-quarter to $27.6 million, fueled by a 9% rise in trading volume to $756.1 million and a 17% jump in marketplace revenues to $18.5 million. Adjusted EBITDA loss narrowed to $5.4 million, the tightest since going public, while assets under custody grew 3% to $18.1 billion. The Next Generation Marketplace launched on June 26, 2025, streamlines private stock trading. Accuidity acquisition completed post-quarter, bolstering wealth capabilities. Forge eyes H2 organic growth matching H1 rates, but Q3 revenues may dip seasonally.
8-K
Equity awards boost performance ties
Forge Global Holdings granted 2025 annual equity awards to CEO Kelly Rodriques and CFO James Nevin on July 18, 2025, ramping up performance-based vesting to 100% for Rodriques and 65% for Nevin, from prior years' lower weightings. These awards tie to revenue, adjusted EBITDA, and TSR versus the Russell 2000 Index, with Rodriques' grant fair value down 50% due to softer stock prices. Board takes recent stockholder meeting feedback seriously. Listening tour starts soon.
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