Forge Global corrects Q2 2025 net loss to $12.4M, improves from prior $16.6M due to warrant liability adjustment

Forge Global Holdings, Inc.

2025-Q2 EPS reported -$2.30 revenue$53,035,000

Correction relates to non-cash warrant liability valuation; no impact on revenue, cash flows, or Adjusted EBITDA.
Q2 2025 Net Loss improved to $12.4M from $16.6M prior; EPS $(1.01) vs $(1.34).
Q2 2025 Revenue less transaction-based expenses $27.6M, up 10% QoQ, record revenue.
1H25 Trading Volume $1.4B, up 110% YoY, exceeds full year 2024 volume.
Adjusted EBITDA loss narrowed to $5.4M in Q2, lowest as public company; H2 growth expected in line with H1.

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