NYSE$FRGE

Forge Global Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Forge Global reported Q2 2025 revenue of $27.7M, a net loss of $12.4M, diluted EPS of $-1.01.

For Q2 2025, Forge Global reported Revenue was $27.7M, net loss was $12.4M, diluted EPS was $-1.01. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $27.7M for Q2 2025.
  • Net loss $12.4M.
  • Diluted EPS $-1.01.

Headline financials

Total Revenue

$27.7M

Previous: $22.3M+24.5%
EPS (adj)

-$1.01

Previous: -$0.08-1162.5%
Trades

927

No prior period
Trading volume

$756M

No prior period
Net take rate

2.4%

No prior period
Total custodial accounts

2.6M

No prior period
Assets under custody

$18.1B

No prior period
Custodial client cash

$440M

No prior period
Capital Expenditures

-$151K

Previous: -$667K+77.4%
Net Income

-$12.6M

Previous: -$13.7M+8.3%
Operating Income

-$12.8M

Previous: -$17.7M+27.3%

Revenue & EPS history

Forge · Revenue · Quarterly

$27.7M

Q2 2025+24.5%vs Q2 2024
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Forward guidance

Outlook emphasizes path to profitability, liquidity, and cost discipline.

Tailwinds

  • Operating initiatives and partnership milestones.
  • Cash runway and restructuring progress.

Headwinds

  • Operating losses and financing needs.
  • Competitive and regulatory uncertainty.

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 Q2 2025

Historical avgQ2 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%

Discussion

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