Forge Global Q4 revenue up 13% YoY; operating loss widens to $24.4M; names Drew Sievers COO

Forge Global Holdings, Inc.

Total revenue less transaction-based expenses $18.9M in Q4, up 13% YoY; full year $69.4M, up 1% YoY.
Q4 net loss $26.2M vs $19.0M prior quarter; operating loss $24.4M vs $21.5M.
Annual trading volume $0.8B, down 37% YoY; custodial admin fee revenue up 53% to $44.0M.
Cash and equivalents $144.7M; operating cash flow improved 40% YoY to -$41.5M.
Appointed Drew Sievers as COO effective March 26; previously Chief Delivery Officer.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Drew Sievers

Chief Operating Officer

Forge Global Holdings, Inc.

Effective: 2024-03-26
Filed: March 26, 2024, 7:59 PM ET

On March 26, 2024, the Company announced the appointment of Drew Sievers as the Company’s Chief Operating Officer.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Forge Global Holdings, Inc. reported year ended December 31, 2023 results: revenue $69.4 million, net income $91.5 million.

Period: year ended December 31, 2023
Revenue: $69.4 million
Net income: $91.5 million
Result: reported results

Exact text from the filing

Financial Highlights for the Full Year 2023 • Revenue : Total revenue less transaction-based expenses was $69.4 million compared to $68.9 million for the year ended December 31, 2022. • Operating Income: Total operating loss was $91.4 million compared to $135.0 million for the year ended December 31, 2022. • Net Loss: Net loss of $91.5 million compared to $111.9 million for the year ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Forge Global Holdings, Inc. reported quarter ended December 31, 2023 results: revenue $18.9 million, net income $26.2 million.

Period: quarter ended December 31, 2023
Revenue: $18.9 million
Net income: $26.2 million
Result: reported results

Exact text from the filing

Financial Highlights for the Fourth Quarter of 2023* Revenue : Total revenue less transaction-based expenses increased from $18.4 million in the quarter ended September 30, 2023 to $18.9 million in the quarter ended December 31, 2023. Operating Income: Total operating loss went from $21.5 million in the quarter ended September 30, 2023 to $24.4 million in the quarter ended December 31, 2023. Net Loss: Net loss went from $19.0 million in the quarter ended September 30, 2023 to $26.2 million in the quarter ended December 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Drew Sievers was appointed as Chief Operating Officer at Forge Global Holdings, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On March 26, 2024, the Company announced the appointment of Drew Sievers as the Company’s Chief Operating Officer.

View on SEC.gov

326 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001628280-24-013092

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.