FRGE Q1 2023 Earnings — Forge Global Holdings, Inc. Revenue & Financial Results | Market Cap Arena

FRGEForge Global Holdings, Inc.

$623M

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$15M-22.8% YoY

Gross Profit

$15M100.0% margin

Operating Income

-$23M-148.6% margin

Net Income

-$21M-137.1% margin

EPS (Diluted)

$-0.12

QoQ Revenue Growth

-8.1%

Cash Flow

Operating Cash Flow

-$18M

Free Cash Flow

-$18M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$338M

Total Liabilities

$27M

Stockholders' Equity

$305M

Cash & Equivalents

$175M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$15M	$20M	-22.8%
Gross Profit	$15M	$20M	-22.3%
Operating Income	-$23M	-$39M	+40.7%
Net Income	-$21M	-$64M	+67.1%

Revenue Segments

Custodial Administration Fees

$11M70%

Placement Fees

$5M30%

Geographic Segments

Non-US

$900,000100%