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Forge Global Holdings (FRGE)
NYSE:FRGE
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -25.61%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with significant growth in marketplace revenue and an expanding IPO pipeline, yet faced challenges with declining quarterly revenues and impacts from federal rate cuts. The company is optimistic about 2025 with a strong pipeline and strategic initiatives but is cautious about economic uncertainties.Company Guidance
During the Forge Fourth Quarter and Fiscal 2024 Financial Results Conference Call, the company reported a 13% year-over-year revenue growth, with marketplace revenue increasing by 46% to $37 million. Despite a muted fourth quarter due to the presidential election cycle, the company observed improving market dynamics and a growing deal pipeline, which is at its highest level in nearly three years. The Forge Private Market Index rose by 33% over the past three months, outpacing major indices like NASDAQ and the S&P 500, with significant gains driven by Figure AI's 850% price increase. The company expects Q1 marketplace revenue to meet or exceed the best quarter in 2024. While cost savings of $11.9 million have been realized, the company remains focused on achieving profitability by 2026. Additionally, Forge announced a stock buyback program of up to $10 million, reflecting confidence in its strategy and belief that its stock is undervalued.Year-over-Year Revenue Growth
Forge closed out 2024 with a 13% year-over-year revenue growth, including a 46% increase in marketplace revenue, which grew to $37 million.
Strong Start to 2025
The company observed improving overall market dynamics and growing deal activity, with the Forge Private Market Index up 33% over the prior three months as of the end of February.
IPO Pipeline Expanding
January saw 13 IPO filings with planned raises of $100 million or more, the highest monthly total of filings of this size in three years.
Cost Savings Exceeded Goals
Total cost savings of $11.9 million were achieved, exceeding the original goal, with operating expenses decreasing by $3 million from Q3 to Q4 2024.
Record Quarterly Marketplace Revenue
Marketplace revenue for Q1 2025 is expected to meet or exceed the best quarter in 2024, driven by a strong and growing pipeline.
Stock Buyback Program Announced
The Board authorized a stock buyback program of up to $10 million, reflecting confidence in the company’s undervaluation.
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FRGE Earnings History
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
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FRGE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $0.82 | $0.67 | -18.29% |
| Nov 06, 2024 | $1.31 | $1.13 | -13.74% |
| Aug 07, 2024 | $1.31 | $1.36 | +3.82% |
| May 07, 2024 | $1.94 | $1.79 | -7.73% |
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.
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FAQ
When does Forge Global Holdings (FRGE) report earnings?
Forge Global Holdings (FRGE) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Forge Global Holdings (FRGE) earnings time?
Forge Global Holdings (FRGE) earnings time is at May 13, 2025, TBA Not 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 (Q1) is -0.08.
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