{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-013092","form_type":"8-K","ticker":null,"cik":"0001827821","company_name":"Forge Global Holdings, Inc.","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.779212+00:00","generated_at":"2026-06-04T08:00:57.955831+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Forge Global Q4 revenue up 13% YoY; operating loss widens to $24.4M; names Drew Sievers COO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-013092","json":"https://secwatch.observer/filing/0001628280-24-013092.json","markdown":"https://secwatch.observer/filing/0001628280-24-013092.md","text":"https://secwatch.observer/filing/0001628280-24-013092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1827821/000162828024013092/0001628280-24-013092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1827821/000162828024013092/forge-20240326.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:00:57.955831+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"593475e588a527858079b8987b2fa68a1d40a4ac","claim":"Forge Global Holdings, Inc. reported year ended December 31, 2023 results: revenue $69.4 million, net income $91.5 million.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1827821/000162828024013092/0001628280-24-013092-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Revenue","value":"$69.4 million"},{"label":"Net income","value":"$91.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cba5fccc2aa2193b4ad44b4791a8a7c581018871","claim":"Forge Global Holdings, Inc. reported quarter ended December 31, 2023 results: revenue $18.9 million, net income $26.2 million.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1827821/000162828024013092/0001628280-24-013092-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Revenue","value":"$18.9 million"},{"label":"Net income","value":"$26.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a1606fff5e","claim":"Drew Sievers was appointed as Chief Operating Officer at Forge Global Holdings, Inc..","evidence_excerpt":"On March 26, 2024, the Company announced the appointment of Drew Sievers as the Company’s Chief Operating Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1827821/000162828024013092/0001628280-24-013092-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}