Forge Global Holdings Inc. ( (FRGE) ) has released its Q2 earnings. Here is a breakdown of the information Forge Global Holdings Inc. presented to its investors.
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Forge Global Holdings, Inc. is a prominent provider of marketplace infrastructure, data services, and technology and investment solutions for the private market, operating primarily in the financial services sector.
Forge Global Holdings, Inc. has reported its second quarter fiscal year 2025 results, showcasing a strong performance with record revenue figures and improved financial metrics. The company has also launched its Next Generation Marketplace, enhancing its trading platform.
In the first half of 2025, Forge achieved a 28% year-over-year increase in total revenues less transaction-based expenses, reaching $52.7 million. The second quarter alone saw a 10% quarter-over-quarter revenue increase to $27.6 million. Despite a net loss of $16.6 million in the second quarter, Forge’s adjusted EBITDA loss improved significantly to $5.4 million, marking the lowest since going public. Trading volume surged by 110% year-over-year, exceeding the full year 2024 volume.
Strategically, Forge has made significant strides by launching its Next Generation Marketplace, which aims to streamline private market trades. Additionally, the company has expanded its investment management capabilities through the acquisition of Accuidity, LLC, and has partnered with Fortune Media to launch private market lists and rankings.
Looking ahead, Forge’s management remains optimistic about continued organic revenue and adjusted EBITDA growth in the second half of the year, although they anticipate some seasonal fluctuations in revenue. The company is well-positioned to capitalize on the growing demand for modern private market infrastructure.