Forge Global Q1 revenue $19.2M, net loss narrows to $19.0M; trading volume up 5% QoQ

Forge Global Holdings, Inc.

2024-Q1 EPS reported -$0.10 revenue$19,242,000

Revenue less transaction-based expenses $19.2M (flat vs $18.9M Q4'23); net loss $19.0M improved from $26.2M.
Adjusted EBITDA loss $13.5M including $2.8M legal charges; operating loss $25.0M.
Trading volume $262.5M (+5% QoQ); net take rate 3.2% flat; custodial accounts 2.15M (+4%).
Forge Trust custodial cash $481M (-5% QoQ); cash & equivalents $129.6M.
Launched ForgePro, first milestone of Next Generation Platform.

item 2.02 item 9.01

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 the quarter ended March 31, 2024 results: revenue Total revenue less transaction-based expenses was $19.2 million, net income Net loss was $19.0 million.

Period: the quarter ended March 31, 2024
Revenue: Total revenue less transaction-based expenses was $19.2 million
Net income: Net loss was $19.0 million
Result: reported results

Exact text from the filing

Financial Highlights for the First Quarter 2024 Revenue : Total revenue less transaction-based expenses was $19.2 million compared to $18.9 million in the quarter ended December 31, 2023. Operating Loss: Total operating loss was $25.0 million compared to total operating loss of $24.4 million in the quarter ended December 31, 2023. Net Loss: Net loss was $19.0 million compared to net loss of $26.2 million in the quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0001628280-24-021122

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