---
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"
generated_at: "2026-06-04T08:00:57.955831+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-013092
- form_type: 8-K
- cik: 0001827821
- company_name: Forge Global Holdings, Inc.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-013092
- JSON: https://secwatch.observer/filing/0001628280-24-013092.json
- Plain text: https://secwatch.observer/filing/0001628280-24-013092.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1827821/000162828024013092/0001628280-24-013092-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1827821/000162828024013092/0001628280-24-013092-index.htm
- Executive change
  Drew Sievers was appointed as Chief Operating Officer at Forge Global Holdings, Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On March 26, 2024, the Company announced the appointment of Drew Sievers as the Company’s Chief Operating Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1827821/000162828024013092/0001628280-24-013092-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.