NYSE$FRGE

Forge Global Holdings Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Forge Global reported Q1 2025, revenue of $25.3M, a net loss of $16.2M, diluted EPS of ($1.29).

For Q1 2025, Forge Global reported revenue of $25.3M, a net loss of $16.2M, diluted EPS was ($1.29). The filing highlights segment performance, liquidity, and management commentary on the period.

  • Revenue $25.3M.
  • Net loss $16.2M.
  • Diluted EPS ($1.29).

Headline financials

Total Revenue

$25.3M

Previous: $19.2M+31.5%
EPS (adj)

-$1.29

Previous: -$0.10-1190.0%
Trades

963

Previous: 646+49.1%
Trading volume

$692M

Previous: $299M+131.9%
Net take rate

0.0%

Previous: 0.0%-17.9%
Total custodial accounts

2.5M

Previous: 2.4M+5.6%
Assets under custody

$17.6B

Previous: $16.9B+4.4%
Custodial client cash

$460M

Previous: $483M-4.8%
Capital Expenditures

-$51K

Previous: -$400K+87.3%
Net Income

-$16.2M

Previous: -$18.6M+13.2%
Operating Income

-$16.5M

Previous: -$25M+34.2%

Revenue & EPS history

Forge · Revenue · Quarterly

$25.3M

Q1 2025+31.5%vs Q1 2024
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Forward guidance

Management discusses operating priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Headline results and segment trends anchor the quarter.
  • Liquidity and balance-sheet capacity support operations.
  • Strategic initiatives outlined in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items affect year-over-year comparability.
  • Execution risk on growth or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-1.3%

Avg return

Earnings day

-3.1%

Avg return

5 days after

+0.1%

Avg return

30 days after

70%

14 / 20 earnings

Positive

+12.2%

Q1 2025

Best reaction

-22.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+0.0%-0.1%+0.7%
Q2 2025+1.1%+37.2%+11.7%
Q1 2025+12.2%+30.3%+24.4%
Q4 2024-17.9%-31.9%-42.5%
Q3 2024-5.0%-12.1%-11.2%
Q2 2024+11.5%+0.8%+4.2%
Q1 2024-10.1%-12.2%-19.9%
Q4 2023-22.7%-28.6%-27.1%
Q3 2023+2.2%-0.4%+46.0%
Q2 2023+6.9%+3.7%-19.5%
Q1 2023+7.4%-9.8%+28.7%
Q4 2022+4.1%-0.6%-9.3%
Q3 2022+6.8%+8.9%-8.9%
Q2 2022-7.8%-12.1%+0.2%
Q1 2022-22.1%-37.0%-58.7%
Q2 2021+3.6%+5.6%+41.7%
Q4 2021+3.6%+5.6%+41.7%
Q3 2021+0.5%
Q1 2021+0.2%
Q4 2020+0.2%

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