---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-035659"
form_type: "8-K"
ticker: null
cik: "0001827821"
company_name: "Forge Global Holdings, Inc."
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:52:45.263061+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Forge Global Q2 revenue up 15% QoQ to $22M; COO Drew Sievers to depart Dec 31

## Summary
- Total revenue less transaction-based expenses $22.0M (+32% YoY); net loss narrowed to $14.0M from $19.0M QoQ.
- Trading volume $426.3M (+178% YoY); net take rate 2.7% (down from 3.2% prior quarter).
- Planned expense reductions expected to save $11.3M annually, including ~11% headcount reduction.
- COO Drew Sievers to separate effective Dec 31, 2024 per mutual agreement.
- Cash and equivalents $120.5M; adjusted EBITDA loss improved to $7.9M from $13.5M QoQ.

## SEC filing metadata
- accession: 0001628280-24-035659
- form_type: 8-K
- cik: 0001827821
- company_name: Forge Global Holdings, Inc.
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1827821/000162828024035659/0001628280-24-035659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1827821/000162828024035659/forge-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-035659
- JSON: https://secwatch.observer/filing/0001628280-24-035659.json
- Plain text: https://secwatch.observer/filing/0001628280-24-035659.txt

## Key facts
- Executive change
  Drew Sievers departed as Chief Operating Officer at Forge Global Holdings, Inc..
  - Action: separated
  - Role: Chief Operating Officer
  source text: On August 7, 2024, Drew Sievers and the Company mutually agreed that Mr. Sievers would separate from the Company as its Chief Operating Officer effective December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1827821/000162828024035659/0001628280-24-035659-index.htm

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