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Technology - Software - Application - NYSE - US
$ 0.6268
26.7 %
$ 118 M
Market Cap
-1.74
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FRGE stock under the worst case scenario is HIDDEN Compared to the current market price of 0.627 USD, Forge Global Holdings, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FRGE stock under the base case scenario is HIDDEN Compared to the current market price of 0.627 USD, Forge Global Holdings, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FRGE stock under the best case scenario is HIDDEN Compared to the current market price of 0.627 USD, Forge Global Holdings, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart FRGE

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$1.4$1.4$1.3$1.3$1.2$1.2$1.1$1.1$1.0$1.0$0.9$0.9$0.8$0.8$0.7$0.7$0.6$0.6$0.5$0.5$0.4$0.415 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
79.3 M REVENUE
13.62%
-94.7 M OPERATING INCOME
-3.54%
-67.8 M NET INCOME
24.80%
-40.5 M OPERATING CASH FLOW
2.23%
5.47 M INVESTING CASH FLOW
167.05%
-3.89 M FINANCING CASH FLOW
-6826.32%
18.6 M REVENUE
-3.26%
-20.5 M OPERATING INCOME
1.84%
-16 M NET INCOME
15.28%
-7.9 M OPERATING CASH FLOW
75.22%
-248 K INVESTING CASH FLOW
-43.35%
-520 K FINANCING CASH FLOW
-31.98%
Balance Sheet Forge Global Holdings, Inc.
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Current Assets 119 M
Cash & Short-Term Investments 105 M
Receivables 12.1 M
Other Current Assets 1.91 M
Non-Current Assets 144 M
Long-Term Investments 0
PP&E 8.03 M
Other Non-Current Assets 136 M
39.90 %4.60 %3.05 %51.73 %Total Assets$263.5m
Current Liabilities 25.1 M
Accounts Payable 1.94 M
Short-Term Debt 3.46 M
Other Current Liabilities 19.7 M
Non-Current Liabilities 11.6 M
Long-Term Debt 11.1 M
Other Non-Current Liabilities 514 K
5.28 %9.42 %53.69 %30.21 %Total Liabilities$36.8m
EFFICIENCY
Earnings Waterfall Forge Global Holdings, Inc.
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Revenue 79.3 M
Cost Of Revenue 121 M
Gross Profit -42.1 M
Operating Expenses 52.6 M
Operating Income -94.7 M
Other Expenses -26.8 M
Net Income -67.8 M
80m80m60m60m40m40m20m20m00(20m)(20m)(40m)(40m)(60m)(60m)(80m)(80m)(100m)(100m)79m(121m)(42m)(53m)(95m)27m(68m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
-53.03% GROSS MARGIN
-53.03%
-119.36% OPERATING MARGIN
-119.36%
-83.62% NET MARGIN
-83.62%
-29.67% ROE
-29.67%
-25.17% ROA
-25.17%
-39.78% ROIC
-39.78%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Forge Global Holdings, Inc.
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10m10m00(10m)(10m)(20m)(20m)(30m)(30m)(40m)(40m)(50m)(50m)(60m)(60m)(70m)(70m)(80m)(80m)202020202021202120222022202320232024202420252025
Net Income -67.8 M
Depreciation & Amortization 9.31 M
Capital Expenditures -792 K
Stock-Based Compensation 30.5 M
Change in Working Capital -4.35 M
Others -11.9 M
Free Cash Flow -41.3 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Forge Global Holdings, Inc.
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Wall Street analysts predict an average 1-year price target for FRGE of $4.44 , with forecasts ranging from a low of $1.75 to a high of $10 .
FRGE Lowest Price Target Wall Street Target
1.75 USD 179.20%
FRGE Average Price Target Wall Street Target
4.44 USD 607.96%
FRGE Highest Price Target Wall Street Target
10 USD 1495.41%
Price
Max Price Target
Min Price Target
Average Price Target
101099887766554433221100May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 9
6. Ownership
Insider Ownership Forge Global Holdings, Inc.
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Sold
0-3 MONTHS
159 K USD 1
3-6 MONTHS
611 K USD 2
6-9 MONTHS
1.02 M USD 2
9-12 MONTHS
1.28 M USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Forge Global Announces Reverse Stock Split SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading global private securities marketplace, today announced that its Board of Directors approved a 1-for-15 reverse stock split of its Common Stock to be effective 12:01 a.m., Eastern Time, on April 14, 2025. The Company expects its Common Stock to begin trading on a split-adjusted basis on the New York Stock Exchange as of the commencement of trading on April 15, 2025. On March 27, 2025,. businesswire.com - 2 weeks ago
Forge Global and Yahoo Finance Launch Industry's First Private Market Hub, Expanding Access to Private Market Investment Opportunities SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading global private securities marketplace, today announced a first-of-its-kind partnership with Yahoo Finance to provide up-to-date pricing information on many of the top unicorn companies in the world. Through this collaboration, investors will now have access to real-time pricing and valuation data for late-stage U.S. private companies before they go public through Yahoo Finance. The in. businesswire.com - 3 weeks ago
Forge Global Holdings, Inc. (FRGE) Q4 2024 Earnings Call Transcript Forge Global Holdings, Inc. (NYSE:FRGE ) Q4 2024 Earnings Conference Call March 5, 2025 4:30 PM ET Company Participants Lindsay Riddell - Executive Vice President of Corporate Marketing and Communications Kelly Rodriques - Chief Executive Officer James Nevin - Chief Financial Officer Dominic Paschel - Senior Vice President of Finance and Investor Relations Conference Call Participants Patrick Moley - Piper Sandler & Co. Devin Ryan - Citizens JMP Securities Michael Cho - JPMorgan Chase & Co. Operator Good afternoon. My name is Jaile, and I will be your conference operator today. seekingalpha.com - 1 month ago
Here's What Key Metrics Tell Us About Forge Global (FRGE) Q4 Earnings The headline numbers for Forge Global (FRGE) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 1 month ago
Forge Global Holdings, Inc. (FRGE) Reports Q4 Loss, Misses Revenue Estimates Forge Global Holdings, Inc. (FRGE) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.13 per share a year ago. zacks.com - 1 month ago
Forge Global Holdings, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading private securities marketplace, today announced its financial results for the quarter and year ended December 31, 2024. "We closed out 2024 with 13% year-over-year growth and a strong pipeline,” said Forge CEO Kelly Rodriques. "Our year-over-year revenue improvement included a 46% increase in marketplace revenues, which grew to $37.0 million. As Q4 came in near-even to Q3, I'm happy t. businesswire.com - 1 month ago
Forge Global CEO to Fireside Chat at the Citizen JMP Technology Conference SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge”) (NYSE: FRGE), a leading global private securities marketplace, today announced that Kelly Rodriques, Chief Executive Officer, will participate in a fireside chat at the Citizen JMP Technology Conference on Tuesday, March 4th, 2025. Details for the event are as follows: Where: Citizens JMP Technology Conference, San Francisco, CA. When: Tuesday, March 4th, 2025 Time: 3:00 p.m. Eastern Time / 12:00 p.m. Pacific Time Webcast: A. businesswire.com - 1 month ago
Forge Global Holdings, Inc. to Report Fourth Quarter and Full Year Fiscal 2024 Financial Results on March 5th, 2025 SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge”) (NYSE: FRGE), a leading global private securities marketplace, announced today that it will report its Fourth Quarter and Full Year Fiscal 2024 Financial Results on Wednesday, March 5th, 2025. Management will host a conference call and webcast at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time, following the release of its earnings materials and investor supplemental, to discuss Forge's financial and business results for the. businesswire.com - 1 month ago
Forge Global Names Former London Stock Exchange Group Executive James Nevin as New CFO SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading global private securities marketplace, today announced the appointment of former London Stock Exchange Group (LSEG) executive James Nevin as its new CFO, effective January 20, 2025. Mr. Nevin will succeed CFO Mark Lee, who has held the role since 2018. Mr. Lee will continue to contribute his expertise to Forge, overseeing strategic financial and wealth initiatives as Chief of Strategi. businesswire.com - 3 months ago
Forge Global Receives Continued Listing Standards Notice from the NYSE SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading private securities marketplace, was notified on December 31, 2024 by the New York Stock Exchange (“NYSE”) that the Company is not in compliance with Rule 802.01C of the NYSE's Listed Company Manual (“Rule 802.01C”) relating to the minimum average share price. Rule 802.01C requires that a company's common stock trade at a minimum average closing price of $1.00 over a consecutive 30 tra. businesswire.com - 3 months ago
Circus and Vytal Forge Global Partnership to Pioneer a Sustainable Packaging System for the AI-Powered CA-1 Robot HAMBURG, Germany--(BUSINESS WIRE)--Circus SE (Xetra: CA1), a global leader in AI robotics specializing in autonomous kitchen systems, and Vytal, the world's leading provider of software-enabled reusable packaging solutions, have announced a transformative partnership to launch a reusable bowl system for the Circus Autonomy One (CA-1) food production robot. This sustainable innovation replaces disposable paper bowls, aligning with a shared vision of zero waste and circular economy principles. Th. businesswire.com - 4 months ago
Forge Global Holdings, Inc. (FRGE) Q3 2024 Earnings Call Transcript Forge Global Holdings, Inc. (NYSE:FRGE ) Q3 2024 Earnings Conference Call November 6, 2024 4:30 PM ET Company Participants Lindsay Riddell - Executive Vice President of Corporate Marketing and Communications Kelly Rodriques - Chief Executive Officer Mark Lee - Chief Financial Officer Dominic Paschel - Senior Vice President of Finance and Investor Relations Conference Call Participants Patrick Moley - Piper Sandler Companies Devin Ryan - Citizens JMP Alex Kramm - UBS Investment Bank Madeline Daleiden - JPMorgan Chase & Co. Operator Good afternoon. My name is John, and I will be your conference operator today. seekingalpha.com - 5 months ago
8. Profile Summary

Forge Global Holdings, Inc. FRGE

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COUNTRY US
INDUSTRY Software - Application
MARKET CAP $ 118 M
Dividend Yield 0.00%
Description Forge Global Holdings, Inc. provides marketplace infrastructure, data services, and technology solutions for private market participants. It enables private company shareholders to trade private company shares with accredited investors. The company was founded in 2014 and is based in San Francisco, California.
Contact 415 Mission Street, San Francisco, CA, 94105 https://forgeglobal.com
IPO Date Feb. 1, 2021
Employees 300
Officers Frank Lennox Senior Vice President & Head of Compliance Mr. Dominic Paschel Senior Vice President of Finance & Investor Relations Mr. James Nevin Chief Financial Officer Ms. Lindsay Riddell Senior Vice President & Head of Global Communications Ms. Victoria Hughes Chief People Officer Ms. Vidya Eashwer Chief Technology Officer Ms. Catherine M. Dondzila Chief Accounting Officer Mr. Kelly A. Rodriques Chief Executive Officer & Director Mr. Mark P. Lee Chief of Strategic Wealth Solutions Ms. Jennifer L. Phillips Chief Revenue & Growth Officer