NYSE$FRGE

Forge Global Holdings Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced third quarter fiscal year 2024 results, showing revenue increase and strategic focus on technology and product innovation.

Forge Global Holdings reported a 4% year-over-year increase in total revenue, less transaction-based expenses, reaching $19.1 million. The company's trading volume increased by 44% to $338.1 million. Forge also launched Forge Price, a new pricing transparency initiative.

  • Total revenue, less transaction-based expenses, increased by 4% year-over-year to $19.1 million.
  • Marketplace revenues, less transaction-based expenses, increased by 21% year-over-year.
  • Trading volume increased by 44% year-over-year to $338.1 million.
  • Forge launched Forge Price to enhance pricing transparency in the private market.

Headline financials

Total Revenue

$19.2M

Previous: $18.6M+3.5%
EPS

-$0.10

Previous: -$0.11+9.1%
Trades

640

No prior period
Trading volume

$205M

Previous: $234M-12.3%
Net take rate

2.8%

Previous: 3.0%-6.7%
Total custodial accounts

2.3M

Previous: 2.0M+12.8%
Assets under custody

$16.6B

Previous: $15.1B+9.7%
Custodial client cash

$470M

No prior period
Capital Expenditures

-$792K

Previous: -$113K-600.9%
Free Cash Flow

-$33.4M

Previous: -$35M+4.5%
Net Income

-$18.3M

Previous: -$18.3M+0.0%
Operating Income

-$20.9M

Previous: -$21.5M+2.8%
Gross Profit

$19.1M

Previous: $18.4M+4.0%
Stock-Based Comp

$7.62M

Previous: $9.23M-17.4%

Revenue & EPS history

Forge · Revenue · Quarterly

$19.2M

Q3 2024+3.5%vs Q3 2023
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Forward guidance

Forge estimates for the quarter ended December 31, 2024, to have 186 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 2024

Historical avgQ3 2024

-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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