FRGE Q1 2024 Earnings — Forge Global Holdings, Inc. Revenue & Financial Results | Market Cap Arena

FRGEForge Global Holdings, Inc.

$623M

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$19M+24.5% YoY

Gross Profit

-$11M-55.2% margin

Operating Income

-$25M-130.0% margin

Net Income

-$19M-96.8% margin

EPS (Diluted)

$-1.55

QoQ Revenue Growth

+1.0%

Cash Flow

Operating Cash Flow

-$12M

Free Cash Flow

-$13M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$299M

Total Liabilities

$42M

Stockholders' Equity

$252M

Cash & Equivalents

$129M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$19M	$15M	+24.5%
Gross Profit	-$11M	$15M	-168.8%
Operating Income	-$25M	-$23M	-8.9%
Net Income	-$19M	-$21M	+12.1%

Revenue Segments

Custodial Administration Fees

$11M56%

Marketplace

$9M44%

Geographic Segments

Non-US

$2M100%