FRGE (FRGE)
Forge Global Holdings, Inc.
NYSE:FRGETechnology · Software - Application
Mkt Cap-
Float9.23M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$79.33M
Net Income-$66.33M
Total Assets$263.51M
Free Cash Flow-$41.33M
Debt & Equity
Debt 6%
Equity 94%
Total Debt$14.57M
Total Equity$223.58M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:15
Nasdaq bars a compliance period at 1:250
- 1:15Reverse splitApr 15, 202515 shares → 1
Balance Sheet Details
Assets$263.51M
Liabilities$36.76M
Accounts Receivable$7.78M
Accounts Payable$1.94M
Inventory$0
PP&E (Net)$8.03M
Goodwill$120.95M
Intangible Assets$5.51M
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $79.33M | $69.82M | $69.38M | $128.06M | $47.76M | $24.05M |
| YoY Growth | 13.6% | 0.6% | -45.8% | 168.1% | 98.6% | - |
| Cost of Revenue | $113.67M | $431K | $483K | $3.03M | $0 | $0 |
| Gross Profit | -$34.34M | $69.39M | $68.9M | $125.02M | $47.76M | $24.05M |
| Gross Margin | -43.3% | 99.4% | 99.3% | 97.6% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $4.62M | $2.46M |
| Selling, General, and Administrative | $41.27M | $153.88M | $41.63M | $30.14M | $45.06M | $37.85M |
| Other | $6.66M | $6.95M | $162.31M | $104.67M | $5.7M | -$1.61M |
| Total Operating Expenses | $47.93M | $160.84M | $203.94M | $134.81M | $55.37M | $38.7M |
| Operating Income (EBIT) | -$82.26M | -$91.45M | -$135.04M | -$9.79M | -$7.62M | -$14.65M |
| Operating Margin | -103.7% | -131.0% | -194.6% | -7.6% | -15.9% | -60.9% |
| Interest Expense | $0 | $0 | $0 | $2.31M | $2.4M | $170K |
| Interest Income | $5.67M | $6.42M | $2.68M | $0 | $0 | $0 |
| Other Income (Expense) | $15.49M | $719K | $23.46M | -$8.32M | -$2.9M | -$492K |
| Income Before Tax (EBT) | -$66.78M | -$90.73M | -$111.58M | -$18.11M | -$10.52M | -$15.14M |
| Income Tax Expense | $1.07M | $819K | $327K | $386K | -$803K | $100K |
| Net Income | -$66.33M | -$90.22M | -$111.86M | -$18.5M | -$9.71M | -$15.24M |
| Net Income Margin | -83.6% | -129.2% | -161.2% | -14.4% | -20.3% | -63.4% |
| Supplementary Data | ||||||
| EPS | -5.43 | -7.80 | -11.66 | -5.11 | -3.42 | -4.42 |
| Diluted EPS | -5.43 | -7.80 | -11.98 | -5.11 | -3.42 | -4.42 |
| Weighted Average OS | 12.21M | 11.56M | 9.59M | 3.62M | 3.45M | 3.45M |
| EBITDA | -$57.47M | -$80.62M | -$101.67M | -$713K | -$284K | -$13.37M |
| EBITDA Margin | -72.4% | -115.5% | -146.5% | -0.6% | -0.6% | -55.6% |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $105.14M | $144.72M | $193.14M | $74.78M | $40.58M | $27.94M |
| Short-Term Investments | $1.07M | $7.69M | $0 | $0 | $0 | $125K |
| Cash and Short-Term Investments | $106.21M | $152.42M | $193.14M | $74.78M | $40.58M | $28.07M |
| Accounts Receivable | $7.78M | $4.07M | $3.54M | $6.53M | $5.74M | $1.76M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $1.7M | $3.25M | $4.01M | $3.61M | $42.33M | $1.36M |
| Total Current Assets | $119.17M | $163.1M | $206.89M | $88.08M | $91.35M | $32.93M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $8.03M | $9.5M | $6.07M | $8.38M | $9.88M | $6.56M |
| Goodwill | $120.95M | $120.95M | $133.89M | $120.95M | $121M | $43.87M |
| Intangible Assets | $5.51M | $8.97M | $7.64M | $19.52M | $20.99M | $8.96M |
| Long-Term Investments | $0 | $0 | $7.37M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | -$7.37M | $0 | $0 | $0 |
| Other Long-Term Assets | $9.86M | $8.21M | $9.25M | $20.97M | $15.28M | $25.95M |
| Total Long-Term Assets | $144.34M | $147.63M | $156.84M | $169.81M | $167.15M | $85.34M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $263.51M | $310.73M | $363.73M | $257.89M | $258.5M | $118.27M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $1.94M | $1.83M | $2.8M | $1.92M | $2.61M | $3.03M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $2.5M | $8.34M |
| Current Income Tax Payable | $1.57M | $1.48M | $1.01M | $1.42M | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $3.67M | $15.22M | $5.12M | $25.23M | $45.92M | $8.8M |
| Total Current Liabilities | $25.14M | $24.21M | $26.39M | $38.02M | $68.38M | $28.53M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $7.41M | $5.59M | $7.37M | $13.45M | $16.43M | $21.65M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $514K | $9.8M | $8.34M | $7.84M | $15.52M | $25.77M |
| Total Long-Term Liabilities | $11.62M | $18.1M | $11.88M | $26.46M | $40.77M | $52.31M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $36.76M | $42.31M | $38.27M | $64.48M | $109.15M | $80.83M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $246.06M | $156.85M | $85M |
| Common Stock | $19K | $18K | $18K | $0 | $0 | $0 |
| Retained Earnings | -$346.97M | -$280.64M | -$190.42M | -$78.56M | -$60.06M | -$50.35M |
| Comprehensive Income & Other | $572K | $911K | $693K | $0 | $0 | $0 |
| Other Stockholders' Equity | $570.53M | $544.13M | $509.79M | $271.98M | $209.41M | $87.78M |
| Total Equity | $223.58M | $263.51M | $319.39M | $193.42M | $149.35M | $37.44M |
| Minority Interest | $3.16M | $4.91M | $6.07M | $0 | $0 | $0 |
| Total Liabilities and Equity | $260.35M | $305.82M | $357.65M | $257.89M | $258.5M | $118.27M |
| Supplementary Data | ||||||
| Total Debt | $14.57M | $10.82M | $7.44M | $23.98M | $31.29M | $36.36M |
| Net Debt | -$90.57M | -$133.91M | -$185.7M | -$50.8M | -$9.29M | $8.42M |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | ||||||
| Net Income | -$67.84M | -$91.55M | -$111.91M | -$18.5M | -$9.71M | -$15.24M |
| Depreciation & Amortization | $9.31M | $10.11M | $10.03M | $8.19M | $4.04M | $1.6M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $30.49M | $34.33M | $57.92M | $12.23M | $4.91M | $7.29M |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$877K | -$792K | $1.4M | $382K | -$3.39M | $1.61M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $284K | -$1.22M | $904K | -$692K | -$1.68M | $1.52M |
| Other Working Capital | -$3.75M | -$1.59M | -$16.85M | $2.99M | $2.13M | $3.38M |
| Total Working Capital Change | -$4.35M | -$3.6M | -$14.54M | $2.68M | -$2.94M | $6.5M |
| Other Non-Cash Items | -$8.14M | $9.25M | -$10.31M | $6.29M | $1.18M | $1.64M |
| Net Cash from Operating | -$40.53M | -$41.46M | -$68.81M | $10.9M | -$2.53M | $1.79M |
| Investing Activities | ||||||
| Capital Expenditures | -$792K | -$527K | -$220K | -$3.26M | -$13K | -$218K |
| Acquisitions | $0 | $0 | $0 | $0 | -$19.21M | -$44.87M |
| Purchases of Investments | $0 | -$9.75M | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $2.12M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $6.26M | $0 | -$6.43M | $0 | -$4.15M | -$743K |
| Net Cash from Investing | $5.47M | -$8.16M | -$6.65M | -$3.26M | -$23.37M | -$45.83M |
| Financing Activities | ||||||
| Debt Repaid | - | - | - | $19.44M | $2.12M | -$28.51M |
| Common Stock Issuance | $528K | $710K | $208.5M | $1.6M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$4.42M | -$653K | -$15.64M | -$4.95M | -$25K | $71K |
| Net Cash from Financing | -$3.89M | $57K | $192.86M | $26.58M | $39.38M | $40.1M |
| Forex Effect | -$575K | $378K | $1.16M | $0 | $0 | $0 |
| Net Change in Cash | -$39.53M | -$49.18M | $118.56M | $34.23M | $13.48M | -$3.95M |
| Supplementary Data | ||||||
| Operating Cash Flow | -$40.53M | -$41.46M | -$68.81M | $10.9M | -$2.53M | $1.79M |
| Capital Expenditure | -$792K | -$527K | -$6.65M | -$3.26M | -$1.16M | -$661K |
| Free Cash Flow | -$41.33M | -$41.98M | -$75.46M | $7.64M | -$3.69M | $1.13M |
| Cash at Beginning | $145.78M | $194.97M | $76.4M | $42.18M | $28.7M | $32.65M |
| Cash at End | $106.26M | $145.78M | $194.97M | $76.4M | $42.18M | $28.7M |