FRGE Q2 2025 Earnings — Forge Global Holdings, Inc. Revenue & Financial Results | Market Cap Arena

FRGEForge Global Holdings, Inc.

$623M

Q2 2025 Earnings

Technology Software - Application

Income Statement

Revenue

$28M+24.5% YoY

Gross Profit

$391,0001.4% margin

Operating Income

-$13M-46.3% margin

Net Income

-$13M-45.4% margin

EPS (Diluted)

$-1.34

QoQ Revenue Growth

+9.7%

Cash Flow

Operating Cash Flow

-$8M

Free Cash Flow

-$8M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$243M

Total Liabilities

$39M

Stockholders' Equity

$201M

Cash & Equivalents

$54M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$28M	$22M	+24.5%
Gross Profit	$391,000	-$7M	+105.8%
Operating Income	-$13M	-$18M	+27.3%
Net Income	-$13M	-$14M	+8.3%

Revenue Segments

Marketplace

$19M67%

Custodial Administration Fees

$9M33%

Geographic Segments

Non-US

$2M100%