secwatch.observer — SEC 8-K summary
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Issuer:     Forge Global Holdings, Inc. (—)
CIK:        0001827821
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001628280-24-021122
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1827821/000162828024021122/0001628280-24-021122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1827821/000162828024021122/forge-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021122

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer