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.
FRGE Q3 2025 Key Financial Metrics
Revenue
$21.3M
Gross Profit
$21.0M
Operating Profit
$-20.5M
Net Profit
$-18.2M
Gross Margin
98.6%
Operating Margin
-96.7%
Net Margin
-85.7%
YoY Growth
10.6%
EPS
$-1.37
Financial Flow
Forge Global Holdings, Inc. Q3 2025 Financial Summary
Forge Global Holdings, Inc. reported revenue of $21.3M (up 10.6% YoY) for Q3 2025, with a net profit of $-18.2M (up 0.6% YoY) (-85.7% margin). Cost of goods sold was $288.0K, operating expenses totaled $41.5M.
Key Financial Metrics
| Total Revenue | $21.3M |
|---|---|
| Net Profit | $-18.2M |
| Gross Margin | 98.6% |
| Operating Margin | -96.7% |
| Report Period | Q3 2025 |
Revenue Breakdown
Forge Global Holdings, Inc. Q3 2025 revenue of $21.3M breaks down across 2 segments, led by Marketplace at $12.2M (57.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Marketplace | $12.2M | 57.2% |
| Custodial Administration Fees | $9.1M | 42.8% |
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 Marketplace and Custodial Administration Fees) has evolved quarter over quarter.
| Segment | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|
| Marketplace | $12.2M | $18.6M | $16.0M | $8.6M |
| Custodial Administration Fees | $9.1M | $9.1M | $9.3M | $10.0M |
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). Click any linked year to see what changed vs the prior annual report.
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 |