Forge Global Holdings, Inc.FRGEEarnings & Financial Report
Bharat Forge Limited is an Indian multinational company involved in forging, automotives, energy, construction and mining, railways, marine, aerospace and defence industries.
Revenue
$18.6M
Gross Profit
$18.3M
Operating Profit
$-18.7M
Net Profit
$-15.6M
Gross Margin
98.3%
Operating Margin
-100.6%
Net Margin
-84.2%
YoY Growth
-2.5%
EPS
$3.81
Financial Flow
Forge Global Holdings, Inc. Q4 2024 Financial Summary
Forge Global Holdings, Inc. reported revenue of $18.6M (down 2.5% YoY) for Q4 2024, with a net profit of $-15.6M (up 39.4% YoY) (-84.2% margin). Cost of goods sold was $316.0K, operating expenses totaled $37.0M.
Key Financial Metrics
| Total Revenue | $18.6M |
|---|---|
| Net Profit | $-15.6M |
| Gross Margin | 98.3% |
| Operating Margin | -100.6% |
| Report Period | Q4 2024 |
Revenue Breakdown
Forge Global Holdings, Inc. Q4 2024 revenue of $18.6M breaks down across 2 segments, led by Custodial Administration Fees at $10.0M (53.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Custodial Administration Fees | $10.0M | 53.6% |
| Marketplace | $8.6M | 46.4% |
Forge Global Holdings, Inc. Revenue by Segment — Quarterly Trend
Forge Global Holdings, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Custodial Administration Fees and Marketplace) has evolved quarter over quarter.
| Segment | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|
| Custodial Administration Fees | $9.1M | $9.1M | $9.3M | $10.0M |
| Marketplace | $12.2M | $18.6M | $16.0M | $8.6M |
Forge Global Holdings, Inc. Annual Revenue by Year
Forge Global Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $79.3M).
| Year | Annual Revenue |
|---|---|
| 2024 | $79.3M |
| 2023 | $69.8M |
| 2022 | $69.4M |
Forge Global Holdings, Inc. Quarterly Revenue & Net Profit History
Forge Global Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2025 | $21.3M | +10.6% | $-18.2M | -85.7% |
| Q2 2025 | $27.7M | +24.5% | $-12.6M | -45.4% |
| Q1 2025 | $25.3M | +31.5% | $-16.2M | -63.9% |
| Q4 2024 | $18.6M | -2.5% | $-15.6M | -84.2% |
| Q3 2024 | $19.2M | +3.5% | $-18.3M | -95.5% |
| Q2 2024 | $22.3M | +33.3% | $-13.7M | -61.6% |
| Q1 2024 | $19.2M | +24.3% | $-18.6M | -96.8% |
| Q4 2023 | $19.1M | +13.3% | $-25.8M | -135.3% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.1M | $19.2M | $22.3M | $19.2M | $18.6M | $25.3M | $27.7M | $21.3M |
| YoY Growth | 13.3% | 24.3% | 33.3% | 3.5% | -2.5% | 31.5% | 24.5% | 10.6% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $310.7M | $298.7M | $285.7M | $276.6M | $263.5M | $249.5M | $242.8M | $252.0M |
| Liabilities | $42.3M | $42.1M | $36.2M | $38.3M | $36.8M | $32.7M | $38.6M | $45.6M |
| Equity | $263.5M | $252.2M | $245.4M | $234.5M | $223.6M | $213.5M | $200.5M | $202.6M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-6.6M | $-12.4M | $-14.4M | $-5.8M | $-7.9M | $-12.8M | $-7.8M | $-11.4M |