Forge Global Holdings Inc. Achieves Record Revenue in Q1 2025

Forge Global Holdings Inc. ( (FRGE) ) has released its Q1 earnings. Here is a breakdown of the information Forge Global Holdings Inc. presented to its investors.

Forge Global Holdings Inc., a prominent player in the private market sector, specializes in providing marketplace infrastructure, data services, and investment solutions. In its first quarter of fiscal year 2025, Forge Global Holdings Inc. reported its highest revenue as a public company, driven by a significant increase in marketplace revenues and trading volume. The company achieved total revenues of $25.1 million, marking a 37% increase from the previous quarter, with marketplace revenues contributing $15.8 million. Trading volume saw a remarkable 132% increase, reaching $692.4 million.

Key financial metrics for the quarter included an operating loss of $16.5 million, which improved from the previous quarter’s loss of $18.7 million. The net loss stood at $16.2 million, slightly higher than the prior quarter. Adjusted EBITDA loss was reported at $8.9 million, showing an improvement from the previous quarter’s $10.9 million. The company ended the quarter with a cash balance of $93.1 million, despite a net cash outflow from operating activities of $12.8 million.

Strategically, Forge announced a non-binding letter of intent to acquire Accuidity Capital Management, a specialized asset management firm. Additionally, Forge partnered with Intercontinental Exchange to distribute Forge Price™, a proprietary pricing dataset for private company equity, and launched a private market hub with Yahoo Finance to expand access to private market investment opportunities.

Looking ahead, Forge Global Holdings Inc. remains optimistic about its growth prospects, despite the macroeconomic volatility. The company plans to leverage its recent strategic partnerships and acquisitions to enhance its market position and continue driving revenue growth.