Forge Global Holdings, Inc. (FRGE) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Cash from Operations | -11.35M | -7.77M | -12.83M | -7.9M | -5.83M | -14.43M | -12.38M | -6.57M | -3.55M | -13.62M | -17.71M | -9.05M | -11.4M | -18.18M | -30.18M | -1.96M | -5.08M | 19.18M | -1.24M | -2.37M |
| Operating CF Margin % | -53.41% | -28.02% | -50.73% | -42.5% | -30.32% | -64.77% | -64.31% | -34.48% | -19.11% | -81.47% | -114.59% | -53.78% | -71.69% | -109.28% | -150.72% | -6.59% | -18.37% | 49.6% | -3.88% | -11.98% |
| Operating CF Growth % | -94.85% | 46.14% | -3.7% | -20.21% | -64.28% | -5.94% | 30.14% | 27.35% | 68.88% | 25.09% | 41.3% | -362.47% | -124.33% | -194.81% | -2327.76% | 17.36% | - | - | - | - |
| Net Income | -18.21M | -16.58M | -16.2M | -15.96M | -18.84M | -13.72M | -18.62M | -25.8M | -18.35M | -24.89M | -21.26M | -26.16M | -16.2M | -5.12M | -64.42M | -6.36M | -5.07M | -8M | 938K | -2.32M |
| Depreciation & Amortization | 1.31M | 1.42M | 1.55M | 1.99M | 2.42M | 2.44M | 2.46M | 2.53M | 2.46M | 2.48M | 2.63M | 2.67M | 2.29M | 2.93M | 2.14M | 2.06M | 2.06M | 2.02M | 2.05M | 1.55M |
| Stock-Based Compensation | 5.02M | 3.44M | 6.52M | 5.54M | 7.62M | 0 | 0 | 0 | 0 | 0 | 7.4M | 11.95M | 26.71M | 0 | 8.52M | 2.26M | 0 | 5.89M | 1.26M | 1.79M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.88M | 4.37M | -17K | -921K | -898K | 5.37M | 4.95M | 13.93M | 8.08M | 12.44M | 490K | 111K | -25.18M | -9.67M | 35.17M | 432K | 2.03M | 5.57M | 1.08M | 844K |
| Working Capital Changes | -1.36M | -413K | -4.69M | 1.45M | 3.88M | -8.52M | -1.16M | 2.76M | 4.27M | -3.65M | -6.98M | 2.38M | 987K | -6.32M | -11.59M | -349K | -4.1M | 13.7M | -6.57M | -4.23M |
| Change in Receivables | -1.07M | -2.37M | -1.32M | 262K | -466K | 923K | -1.6M | 65K | 456K | -1.45M | 135K | -639K | -1.59M | 1.61M | 2.02M | -1.18M | -28K | 1.92M | -331K | -855K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -699K | 363K | 461K | 342K | -120K | -1M | 1.07M | 102K | -89K | 148K | -1.38M | 947K | -1.89M | 982K | 861K | -1.02M | 446K | 813K | -926K | -1.82M |
| Cash from Investing | -10.61M | -4.82M | -21.53M | -248K | -173K | 6.29M | -400K | -4.87M | -529K | -2.69M | -71K | -1.82M | -1.4M | -1.74M | -1.69M | -401K | -2.45M | -289K | -117K | -13.35M |
| Capital Expenditures | -47K | -100K | -51K | -248K | -125K | -267K | -400K | -414K | -14K | -28K | -71K | -104K | -1.4M | -1.74M | -11K | -401K | -2.45M | -289K | -117K | -235K |
| CapEx % of Revenue | 0.22% | 0.36% | 0.2% | 1.33% | 0.65% | 1.2% | 2.08% | 2.17% | 0.08% | 0.17% | 0.46% | 0.62% | 8.79% | 10.47% | 0.05% | 1.35% | 8.85% | 0.75% | 0.36% | 1.19% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13.11M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -9.21M | 0 | 0 | 0 | -48K | 6.56M | 0 | -4.45M | -515K | -2.67M | 0 | -1.71M | 0 | 0 | -1.68M | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -125K | -4.27M | -653K | -521K | -394K | -900K | -2.08M | 261K | 23K | 269K | -496K | 89K | 10.62M | 22.56M | 159.59M | -3.06M | -671K | 32.74M | -2.43M | 34.63M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1K | 0 | -16.57M | -2.86M | 13.39M |
| Equity Issued (Net) | 0 | -1000K | 26K | 55K | 12K | 235K | 226K | 357K | 23K | 269K | 0 | 0 | 1000K | 1000K | 1000K | -1000K | -671K | 1000K | 0 | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -4.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -165K | 0 | 0 | 10K | -7K | -3K | 0 | 0 |
| Other Financing | -125K | -174K | -679K | -576K | -406K | -1.14M | -2.3M | -96K | 0 | 0 | -496K | 89K | 9.49M | 500K | -48.41M | -23K | 0 | 0 | 432K | 0 |
| Net Change in Cash | -22M | -16.15M | -34.66M | -9.3M | -6.01M | -13.41M | -17.27M | -10.64M | -4.39M | -16.1M | -18.05M | -9.46M | -2.33M | 2.63M | 127.72M | 75.69M | -291.42K | -224.45K | -3.79M | 18.92M |
| Free Cash Flow | -11.4M | -7.87M | -12.88M | -8.15M | -6M | -14.7M | -12.78M | -6.99M | -3.56M | -13.65M | -17.79M | -10.86M | -11.41M | -18.28M | -31.87M | -1.96M | -5.08M | 19.18M | -1.36M | -2.6M |
| FCF Margin % | -53.63% | -28.38% | -50.93% | -43.83% | -31.22% | -65.96% | -66.39% | -36.65% | -19.18% | -81.64% | -115.05% | -64.59% | -71.75% | -109.86% | -159.17% | -6.59% | -18.37% | 49.6% | -4.24% | -13.17% |
| FCF Growth % | -90.02% | 46.44% | -0.85% | -16.63% | -68.49% | -7.68% | 28.17% | 35.7% | 68.79% | 25.33% | 44.19% | -455.42% | -124.52% | -195.3% | -2243.31% | 24.83% | - | - | - | - |
| FCF per Share | -0.85 | -0.63 | -1.03 | -0.66 | -0.49 | -1.21 | -1.07 | -0.60 | -0.31 | -1.18 | -1.55 | -0.95 | -1.01 | -1.58 | -7.24 | -0.57 | -1.47 | 5.56 | -0.39 | -0.75 |
| FCF Conversion (FCF/Net Income) | 0.62x | 0.62x | 0.79x | 0.51x | 0.32x | 1.05x | 0.66x | 0.25x | 0.19x | 0.55x | 0.84x | 0.35x | 0.70x | 3.55x | 0.47x | 0.31x | 1.00x | -2.40x | -1.33x | 1.02x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 642K | 139K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |