The earnings call highlighted significant achievements, including record-breaking revenue and improved adjusted EBITDA, alongside strategic acquisitions and positive trends in the private AI sector. However, challenges in forecasting transaction-based income and expected seasonal revenue declines were noted. Overall, the sentiment was positive with the company's growth and strategic initiatives outweighing the anticipated challenges.

Company Guidance

During the Forge Second Quarter Fiscal 2025 Financial Results Conference Call, several key metrics and guidance were highlighted. The company reported a record revenue of $27.6 million, marking a 10% increase from the previous quarter, and a trading volume increase of 9% to $756 million. The adjusted EBITDA loss narrowed to $5.4 million, a significant improvement from the $8.9 million loss in the prior quarter. Forge's strategic initiatives have led to a more evenly distributed volume mix, with an improvement in net take rates from 2.3% to 2.4%. Custodial administration fees remained stable at $9.1 million, while the company's net cash used in operating activities decreased significantly. The call also underscored the company's expectation to reach adjusted EBITDA breakeven in 2026, supported by ongoing operational scalability, enhanced technology platforms, and the integration of their recent acquisition of Accuidity.

Record-Breaking Revenue and Growth

Q2 2025 was the second consecutive record-breaking quarter for revenue, reaching $27.6 million, a 10% increase from the prior quarter, driven by strong marketplace performance.

Improved Adjusted EBITDA

The adjusted EBITDA loss was the lowest since going public, improving by 39% quarter-over-quarter, with operating cash burn also decreasing significantly.

Successful Launch of Next-Generation Marketplace

Forge launched its next-generation marketplace, which is designed to reduce friction and enable investors to transact with confidence and autonomy.

Strategic Acquisitions and Partnerships

Closed the acquisition of Accuidity, enhancing asset management and wealth capabilities. Also signed data agreements with ICE and Fortune.

Positive Market Trends in Private AI Sector

The private AI sector led with a return of 63.1% year-to-date, outperforming public benchmarks.

Forge Global Holdings (FRGE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FRGE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	-1.05 / -	-1.5	―	―	―
Aug 01, 2025	2025 (Q2)	-1.17 / -1.34	-1.2	-11.67% (-0.14)
May 07, 2025	2025 (Q1)	-1.37 / -1.29	-1.5	14.00% (+0.21)
Mar 05, 2025	2024 (Q4)	-1.34 / -1.20	-2.25	46.67% (+1.05)
Nov 06, 2024	2024 (Q3)	-1.30 / -1.50	-1.65	9.09% (+0.15)
Aug 07, 2024	2024 (Q2)	-1.70 / -1.20	-2.1	42.86% (+0.90)
May 07, 2024	2024 (Q1)	-1.72 / -1.50	-1.8	16.67% (+0.30)
Mar 26, 2024	2023 (Q4)	-1.57 / -2.25	-2.25	0.00% (0.00)
Nov 07, 2023	2023 (Q3)	-1.54 / -1.65	-1.8	8.33% (+0.15)
Aug 08, 2023	2023 (Q2)	-1.67 / -2.10	-0.45	-366.67% (-1.65)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FRGE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	$21.92	$20.60	-6.02%
May 07, 2025	$12.08	$13.41	+11.01%
Mar 05, 2025	$12.23	$10.04	-17.91%
Nov 06, 2024	$19.65	$16.95	-13.74%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Forge Global Holdings (FRGE) report earnings?

Forge Global Holdings (FRGE) is schdueled to report earning on Nov 05, 2025, TBA (Confirmed).

What is Forge Global Holdings (FRGE) earnings time?

Forge Global Holdings (FRGE) earnings time is at Nov 05, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FRGE EPS forecast?

FRGE EPS forecast for the fiscal quarter 2025 (Q3) is -1.05.

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