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Forge Global Holdings (FRGE)
NYSE:FRGE
Holding FRGE?
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.09Last Year’s EPS
-$0.15Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -27.48%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. On the positive side, there was year-over-year revenue growth, the introduction of Forge Price, and strong institutional engagement. However, revenue and transaction volumes declined quarter-over-quarter, and there was an increase in adjusted EBITDA loss due to severance expenses. The sentiment appears balanced, with both positive strategic initiatives and immediate financial challenges.Company Guidance
During the FRGE Q3 2024 earnings call, the executives provided guidance focused on several key metrics. Total revenue less transaction-based expenses was reported at $19.1 million, a decline from $22 million in Q2 2024 but an increase from $18.4 million in the same quarter last year. Net marketplace revenue was $8.6 million, up 21% year-over-year, despite a seasonal summer slowdown. The company's custodial cash balances fell to $470 million at the end of Q3, a modest 7% year-to-date decline compared to a 20% decline in 2023. The adjusted EBITDA loss increased to $11.4 million, primarily due to severance costs related to a reduction in force. Additionally, Forge's platform saw a transaction volume of $338 million, with a net take rate of 2.6%. The call highlighted the introduction of Forge Price, a derived share price for over 240 private companies, and emphasized the continued investment in the Forge Next Generation Platform to enhance client experience and improve trading efficiency. The executives aim to reach breakeven adjusted EBITDA by 2026, driven by increased cost discipline and strategic investments.Year-Over-Year Revenue Growth
Total revenue less transaction-based expenses for Q3 2024 was $19.1 million, up from $18.4 million in the year-ago quarter.
Introduction of Forge Price
Announced Forge Price, a breakthrough in pricing transparency for the private market, offering a single derived share price for over 240 of the most liquid private companies.
Strong Institutional Engagement
More than 20,000 institutions registered on the platform, making up at least 2/3 of the buy-side volume annually since 2021.
AI Influence on Private Market
AI is driving rising valuations, with 34 AI companies in the Forge Private Market Index. This sector's influence is expected to continue growing.
Positive Private Market Indicators
Improving valuations with median discounts of 8% in August and 12% in September, and a bid-ask spread descending to 5.5% in September.
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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 |
|---|---|---|---|
| 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% |
| Mar 26, 2024 | $2.65 | $2.08 | -21.51% |
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 Mar 12, 2025, TBA Not Confirmed.
What is Forge Global Holdings (FRGE) earnings time?
Forge Global Holdings (FRGE) earnings time is at Mar 12, 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 2024 (Q4) is -$0.09.
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