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    F

    Forge Global Holdings Inc (FRGE)

    Official site

    FINANCIAL SERVICES • CAPITAL MARKETS • NYSE

    $45.00
    +0.00 (+0.00%)

    Market Cap: $623.01M

    Last updated: Oct 13, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    43%(6/14)
    Avg Surprise
    -317.77%
    PeriodReportedEst.SurpriseB/MYoY
    Sep 25
    Reported Nov 13
    		$-1.37$-0.07-1998.01%Miss-1270.0%
    Jun 25
    Reported Jul 30
    		$-1.01$-0.07-1383.11%Miss-1162.5%
    Mar 25
    Reported May 7
    		$-1.29$-0.12-975.00%Miss-1190.0%
    Dec 24
    Reported Mar 5
    		$-0.08$-0.09+7.13%Beat+47.0%
    Sep 24
    Reported Nov 6
    		$-0.10$-0.09-11.11%Miss+9.1%
    Jun 24
    Reported Aug 7
    		$-0.08$-0.11+27.27%Beat+42.9%
    Mar 24
    Reported May 7
    		$-0.10$-0.12+16.67%Beat+16.7%
    Dec 23
    Reported Mar 26
    		$-0.15$-0.10-50.00%Miss+0.0%
    Sep 23
    Reported Nov 7
    		$-0.11$-0.10-10.00%Miss+8.3%
    Jun 23
    Reported Aug 8
    		$-0.14$-0.11-27.27%Miss+30.0%
    Mar 23
    Reported May 9
    		$-0.12$-0.14+14.29%Beat+55.6%
    Dec 22
    Reported Feb 28
    		$-0.15$-0.15+0.00%Beat-400.0%
    Sep 22
    Reported Nov 9
    		$-0.12$-0.14+14.29%Beat+45.5%
    Jun 22
    Reported Aug 11
    		$-0.20$-0.12-73.91%Miss-233.3%
    Mar 22
    Reported May 16
    		$-0.27N/AN/ABeat-167.5%
    Dec 21
    Reported Mar 16
    		$0.05N/AN/ABeat-
    Sep 21
    Reported Dec 15
    		$-0.22N/AN/ABeat-
    Jun 21
    Reported Aug 13
    		$-0.06N/AN/ABeat-
    Mar 21
    Reported Jun 7
    		$0.40N/AN/ABeat-

    Key Metrics

    Valuation
    P/E RatioN/AEV/EBITDAN/A
    Price/FCF-14.90xFCF Yield-6.71%
    Profitability
    Profit Margin-67.40%Operating Margin-95.50%
    ROE-28.20%ROIC-30.70%
    Financial Health
    Debt/Equity0.06xInterest CoverageN/A
    Current Ratio2.55xQuick Ratio2.55x
    Trading Statistics
    Beta2.23Avg VolumeN/A
    52-Week High$45.0352-Week Low$15.90

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$45.00
    SMA 20$45.00
    SMA 50$45.00
    SMA 200$44.92
    EMA 10$45.00
    EMA 20$45.00
    EMA 50$45.00
    EMA 200$42.05

    MACD

    Line: N/ASignal: N/AHist: N/A

    ADX

    ADX: 49.1+DI: 28.6-DI: 9.8

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down100.0
    PSAR$45.01

    Bollinger Bands

    Upper Band$45.00
    Lower Band$45.00
    %B PositionN/A
    Band Width1.00

    RSI (14-Day)

    Overbought
    71.0

    Momentum Oscillators

    Stoch %KN/A
    Stoch %DN/A
    Williams %RN/A
    ROC (10d)N/A
    MomentumN/A
    CCI (20d)N/A
    MFI (14d)N/A

    Volatility Measures

    ATR (14d)N/A
    StdDev (20d)N/A
    Hist VolN/A

    Volume Flow

    VWAP$45.00
    OBV12.1M
    AD Line215.4M
    CMF (20d)N/A

    Volume Metrics

    Avg Vol (20d)N/A
    Vol RatioN/A
    VWMA (20d)N/A

    Pivot Points

    R3$45.00
    R2$45.00
    R1$45.00
    Pivot Point$45.00
    S1$45.00
    S2$45.00
    S3$45.00

    Advanced Oscillators

    TSI42.93
    Ultimate OscN/A
    KSTN/A

    Financial Data

    QuarterSep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022
    Total Revenue$21.26M$27.74M$25.30M$18.59M$19.22M$22.28M$19.24M$19.06M$18.56M$16.72M$15.48M$16.82M
    Cost of Revenue$288,000$155,000$192,000$316,000$73,000$256,000$29,000$181,000$148,000$83,000$19,000$87,000
    Gross Profit$20.97M$27.58M$25.10M$18.27M$19.14M$22.03M$19.21M$18.88M$18.41M$16.64M$15.46M$16.73M
    Operating Expenses$41.52M$40.42M$41.57M$36.97M$40.05M$39.68M$44.22M$43.29M$39.93M$39.19M$38.43M$44.54M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$11.88M$8.02M$8.94M$7.12M$7.50M$6.76M$10.34M$11.27M$8.52M$10.27M$8.87M$10.17M
    Operating Income$-20,549,000$-12,835,000$-16,469,000$-18,699,000$-20,903,000$-17,651,000$-25,010,000$-24,415,000$-21,513,000$-22,553,000$-22,968,000$-27,805,000
    Interest Income$609,000$803,000$1.04M$0$1.31M$1.50M$1.71M$0$1.73M$1.32M$0$0
    Interest Expense$0$0$0$0$0$0$0$1.77M$0$2.25M$-1,509,000$-1,520,000
    Income Before Tax$-19,506,000$-12,250,000$-15,182,000$-15,671,000$-18,546,000$-13,782,000$-18,778,000$-26,181,000$-18,666,000$-24,807,000$-21,076,000$-26,043,000
    Income Tax Expense$-1,296,000$189,000$1.02M$294,000$298,000$258,000$216,000$50,000$291,000$293,000$185,000$121,000
    Net Income$-18,210,000$-12,439,000$-16,198,000$-15,965,000$-18,844,000$-14,040,000$-18,994,000$-26,231,000$-18,957,000$-25,100,000$-21,261,000$-26,164,000
    EBITDA$-18,800,000$-11,798,000$-14,670,000$-14,843,000$-17,435,000$-12,834,000$-18,028,000$-25,516,000$-17,932,000$-23,645,000$-19,951,000$-24,888,000
    EBIT$-20,115,000$-13,053,000$-16,224,000$-16,835,000$-19,853,000$-15,277,000$-20,487,000$-28,049,000$-20,391,000$-26,126,000$-22,585,000$-27,563,000
    * Some calculated fields are derived from available data when not provided by source

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    FRGE Valuation and Fair Value

    P/FCF
    -14.9x
    P/B
    3.0x
    See GNG's fair value

    FRGE Profitability: Margins, ROIC and FCF

    Gross margin
    99.0%
    Operating margin
    -95.5%
    Net margin
    -67.4%
    ROIC
    -30.7%
    ROE
    -28.2%
    FCF margin
    -43.4%
    FCF yield
    -6.7%

    FRGE Competitors

    CompanyTicker
    SLR Investment CorpSLRC
    PIMCO Access Income FundPAXS
    New Mountain Finance CorporationNMFC
    Brighthouse Financial, Inc.BHFAN
    Tiptree IncTIPT
    Crawford & CompanyCRD-A
    Hingham Institution for SavingsHIFS
    First Business Financial ServicesFBIZ

    Sector: Financial Services

    FRGE Bull Case vs Bear Case

    Bull case

    • FRGE grew quarterly revenue 10.6% year over year.

    Bear case

    • FRGE has a -67.4% net profit margin.
    • FRGE beat EPS estimates in 37.5% of its last 8 reported quarters.

    FRGE Earnings: Beat Rate and Next Report

    Beat rate
    3 of 8 quarters (37.5%)
    Average surprise
    -545.8%

    Frequently Asked Questions About FRGE

    Does FRGE pay dividends?

    Forge Global Holdings Inc (FRGE) does not currently pay a regular dividend.

    What is FRGE's market cap?

    Forge Global Holdings Inc (FRGE) has a market capitalization of $623.01M with a current stock price of $45.00.

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    Sector: Financial Services

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