NYSE$FRGE
Forge Global Holdings Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Forge reported Q3 2023 results with increased trading volume and revenue in the markets business, despite concerns over interest rates and geopolitical conflicts.
Forge Global Holdings reported total revenue less transaction based expenses of $18.4 million and a trading volume of $234.1 million for Q3 2023. The company experienced a net loss of $19.0 million and an operating loss of $21.5 million. Despite the losses, trading volume was up 53% quarter-over-quarter.
- Total revenue less transaction-based expenses was $18.4 million in 3Q23.
- Trading volume was $234.1 million in 3Q23, a 53% increase quarter-over-quarter.
- Net Take Rate was 3.0% in 3Q23, down 19% quarter-over-quarter.
- Forge Trust Custodial Cash totaled $518 million in 3Q23.
Headline financials
Revenue & EPS history
Forge · Revenue · Quarterly
$18.6M
Forward guidance
Forge estimates for the quarter ended December 31, 2023 that Forge will have 175.1 million weighted average basic shares outstanding, which will be used to calculate earnings per share in a loss position.
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 Q3 2023
-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
| Quarter | Report date | Reaction (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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