NYSE$FRGE

Forge Global Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced financial results for the quarter and year ended December 31, 2022.

Forge Global Holdings reported Q4 2022 results, with total revenue less transaction-based expenses at $16.7 million and a net loss of $26.2 million. Trading volume reached $246.9 million, and the net take rate was 2.8%. The company's cash and cash equivalents stood at $193.1 million at the end of the quarter.

  • Total revenue less transaction-based expenses was $16.7 million in 4Q22.
  • Trading volume was $246.9 million in 4Q22.
  • Net take rate was 2.8% in 4Q22.
  • Forge Trust custodial cash was $635 million in 4Q22.

Headline financials

Total Revenue

$16.8M

Previous: $29.7M-43.3%
EPS (adj)

-$0.15

Previous: -$0.12-25.0%
Trading volume

$247M

No prior period
Net take rate

2.8%

No prior period
Total custodial accounts

1.9M

No prior period
Assets under custody

$14.9B

No prior period
Capital Expenditures

$104K

No prior period
Free Cash Flow

-$9.15M

Previous: -$460K-1889.6%
Net Income

-$26.2M

Previous: -$64.4M+59.4%
Operating Income

-$27.8M

Previous: -$38.8M+28.2%
Gross Profit

-$82.3M

Previous: -$31M-165.7%
Cash & Equivalents

$193M

Previous: $74.8M+158.3%
Total Assets

$364M

Previous: $258M+41.0%
Stock-Based Comp

$12M

Previous: $2.26M+429.7%

Revenue & EPS history

Forge · Revenue · Quarterly

$16.8M

Q4 2022-43.3%vs Q4 2021
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Forward guidance

Forge estimates for the quarter ended March 31, 2023 that Forge will have 172 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 Q4 2022

Historical avgQ4 2022

-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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