Forge Global Holdings, Inc. (FRGE) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 21.26M | 27.74M | 25.3M | 18.59M | 19.22M | 22.28M | 19.24M | 19.06M | 18.56M | 16.72M | 15.46M | 16.82M | 15.9M | 16.64M | 20.02M | 29.67M | 27.66M | 38.67M | 32.05M | 19.75M |
| Revenue Growth % | 10.64% | 24.49% | 31.46% | -2.47% | 3.52% | 33.27% | 24.46% | 13.3% | 16.75% | 0.48% | -22.78% | -43.31% | -42.51% | -56.97% | -37.54% | 50.22% | - | - | - | - |
| Cost of Goods Sold | 28.33M | 27.35M | 192K | 25.93M | 28.82M | 29.04M | 29.87M | 181K | 148K | 83K | 0 | 86K | 86K | 178K | 132K | -140K | 582K | 1.62M | 976K | 921K |
| COGS % of Revenue | 133.25% | 98.59% | 0.76% | 139.49% | 149.99% | 130.33% | 155.24% | 0.95% | 0.8% | 0.5% | - | 0.51% | 0.54% | 1.07% | 0.66% | -0.47% | 2.1% | 4.18% | 3.04% | 4.66% |
| Gross Profit | -7.07M | 391K | 25.1M | -7.34M | -9.61M | -6.76M | -10.63M | 18.88M | 18.41M | 16.64M | 15.46M | 16.73M | 15.81M | 16.46M | 19.89M | 29.81M | 27.08M | 37.06M | 31.08M | 18.83M |
| Gross Margin % | -33.25% | 1.41% | 99.24% | -39.49% | -49.99% | -30.33% | -55.24% | 99.05% | 99.2% | 99.5% | 100% | 99.49% | 99.46% | 98.93% | 99.34% | 100.47% | 97.9% | 95.82% | 96.96% | 95.34% |
| Gross Profit Growth % | 26.42% | 105.79% | 336.16% | -138.89% | -152.17% | -140.62% | -168.76% | 12.81% | 16.45% | 1.06% | -22.27% | -43.86% | -41.59% | -55.58% | -36% | 58.31% | - | - | - | - |
| Operating Expenses | 13.19M | 13.23M | 41.57M | 11.36M | 11.3M | 10.89M | 14.38M | 43.29M | 39.93M | 39.19M | 38.43M | 44.54M | 58.25M | 42.51M | 58.64M | 35.33M | 32.77M | 37.86M | 28.85M | 20.61M |
| OpEx % of Revenue | 62.05% | 47.68% | 164.35% | 61.1% | 58.78% | 48.89% | 74.73% | 227.15% | 215.09% | 234.39% | 248.56% | 264.79% | 366.35% | 255.47% | 292.88% | 119.07% | 118.48% | 97.9% | 90.01% | 104.36% |
| Selling, General & Admin | 13.15M | 10.33M | 10.15M | 10.04M | 9.55M | 9.11M | 12.56M | 9.99M | 9.43M | 11.14M | 36.64M | 10.85M | 10.86M | 10.74M | 8.38M | 33.35M | 7.52M | 8.14M | 6.07M | 3.68M |
| SG&A % of Revenue | 61.84% | 37.24% | 40.12% | 54.04% | 49.69% | 40.89% | 65.29% | 52.42% | 50.78% | 66.63% | 236.99% | 64.5% | 68.33% | 64.53% | 41.86% | 112.42% | 27.19% | 21.06% | 18.95% | 18.64% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 45K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -20.26M | -12.84M | -16.47M | -18.7M | -20.9M | -17.65M | -25.01M | -24.41M | -21.51M | -22.55M | -22.97M | -27.8M | -42.44M | -26.05M | -38.75M | -5.52M | -5.69M | -805K | 2.23M | -1.78M |
| Operating Margin % | -95.3% | -46.27% | -65.11% | -100.59% | -108.78% | -79.22% | -129.98% | -128.1% | -115.89% | -134.89% | -148.56% | -165.3% | -266.89% | -156.54% | -193.54% | -18.59% | -20.58% | -2.08% | 6.94% | -9.03% |
| Operating Income Growth % | 3.07% | 27.28% | 34.15% | 23.41% | 2.84% | 21.74% | -8.89% | 12.19% | 49.3% | 13.42% | 40.73% | -403.99% | -645.41% | -3135.78% | -1840.84% | -209.42% | - | - | - | - |
| EBITDA | -19.26M | -11.58M | -16.13M | -16.71M | -18.48M | -15.21M | -22.55M | -23.51M | -20.4M | -21.51M | -20.33M | -26.81M | -41.31M | -25.03M | -37.67M | -4.36M | -4.37M | 531K | 3.6M | -810K |
| EBITDA Margin % | -90.59% | -41.75% | -63.76% | -89.88% | -96.2% | -68.25% | -117.2% | -123.34% | -109.91% | -128.62% | -131.53% | -159.38% | -259.8% | -150.41% | -188.13% | -14.71% | -15.79% | 1.37% | 11.24% | -4.1% |
| EBITDA Growth % | -4.19% | 23.86% | 28.48% | 28.93% | 9.4% | 29.28% | -10.9% | 12.32% | 50.61% | 14.07% | 46.02% | -514.34% | -845.7% | -4813.37% | -1145.75% | -438.77% | - | - | - | - |
| D&A (Non-Cash Add-back) | 1M | 1.25M | 341K | 1.99M | 2.42M | 2.44M | 2.46M | 907K | 1.11M | 1.05M | 2.63M | 995K | 1.13M | 1.02M | 1.08M | 1.15M | 1.32M | 1.34M | 1.38M | 973K |
| EBIT | -19.51M | -10.85M | -16.47M | -18.7M | -20.9M | -17.65M | -25.01M | -22.12M | -21.51M | -22.55M | -22.97M | -27.41M | -41.62M | -24.82M | -17.05M | -4.8M | -5.62M | -713K | 2.23M | 121K |
| Net Interest Income | 609K | 803K | 1.04M | 1.16M | 1.31M | 1.5M | 1.71M | 1.87M | 1.73M | 1.32M | 1.51M | 1.52M | 874K | 266K | -21K | 16K | -11K | -1.78M | -554K | -1.07M |
| Interest Income | 609K | 803K | 1.04M | 1.16M | 1.31M | 1.5M | 1.71M | 1.87M | 1.73M | 1.32M | 1.51M | 1.52M | 874K | 266K | 0 | 16K | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21K | 0 | 11K | 1.78M | 554K | 1.07M |
| Other Income/Expense | 755K | 585K | 1.29M | 3.03M | 2.36M | 3.87M | 6.23M | -1.77M | 2.85M | -2.25M | 1.89M | 1.76M | 26.29M | 20.96M | -25.55M | -656K | 822K | -7.19M | -1.3M | -1.41M |
| Pretax Income | -19.51M | -12.25M | -15.18M | -15.67M | -18.55M | -13.78M | -18.78M | -26.18M | -18.67M | -24.81M | -21.08M | -26.04M | -16.15M | -5.08M | -64.3M | -6.17M | -4.87M | -8M | 930K | -3.19M |
| Pretax Margin % | -91.75% | -44.16% | -60.02% | -84.3% | -96.51% | -61.85% | -97.59% | -137.37% | -100.55% | -148.37% | -136.33% | -154.82% | -101.57% | -30.55% | -321.15% | -20.81% | -17.61% | -20.68% | 2.9% | -16.14% |
| Income Tax | -1.3M | 189K | 1.02M | 294K | 298K | 258K | 216K | 50K | 291K | 293K | 185K | 121K | 48K | 35K | 123K | 187K | 203K | 4K | -8K | -868K |
| Effective Tax Rate % | 6.64% | -1.54% | -6.69% | -1.88% | -1.61% | -1.87% | -1.15% | -0.19% | -1.56% | -1.18% | -0.88% | -0.46% | -0.3% | -0.69% | -0.19% | -3.03% | -4.17% | -0.05% | -0.86% | 27.23% |
| Net Income | -18.22M | -12.58M | -16.17M | -15.64M | -18.34M | -13.72M | -18.62M | -25.8M | -18.35M | -24.89M | -21.19M | -26.12M | -16.2M | -5.12M | -64.42M | -6.36M | -5.07M | -8M | 938K | -2.32M |
| Net Margin % | -85.72% | -45.35% | -63.93% | -84.15% | -95.45% | -61.59% | -96.79% | -135.35% | -98.84% | -148.86% | -137.05% | -155.27% | -101.87% | -30.76% | -321.77% | -21.44% | -18.35% | -20.69% | 2.93% | -11.75% |
| Net Income Growth % | 0.65% | 8.34% | 13.17% | 39.36% | 0.03% | 44.86% | 12.1% | 1.23% | -13.27% | -386.21% | 67.11% | -310.66% | -219.24% | 36.04% | -6968.23% | -174.14% | - | - | - | - |
| Net Income (Continuing) | -18.21M | -12.44M | -16.2M | -15.96M | -18.84M | -14.04M | -18.99M | -26.23M | -18.96M | -25.1M | -21.26M | -26.16M | -16.2M | -5.12M | -64.42M | -6.36M | -5.07M | -8M | 938K | -2.32M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 3.76M | 3.72M | 3.27M | 3.16M | 3.75M | 4.08M | 4.43M | 4.91M | 5.12M | 5.86M | 6.09M | 6.07M | 5.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.37 | -1.34 | -1.29 | -1.26 | -1.49 | -1.13 | -1.55 | -2.21 | -1.58 | -0.14 | -0.12 | -2.29 | -1.77 | -2.93 | -14.64 | 0.78 | -3.30 | -0.83 | 6.06 | -3.42 |
| EPS Growth % | 8.05% | -18.91% | 16.92% | 42.94% | 5.82% | -684.75% | -1159.37% | 3.61% | 10.85% | 95.09% | 99.16% | -393.19% | 46.16% | -250.84% | -341.46% | 122.85% | - | - | - | - |
| EPS (Basic) | -1.37 | -1.34 | -1.29 | -1.26 | -1.49 | -1.13 | -1.55 | -2.21 | -1.58 | -2.15 | -1.85 | -2.29 | -1.43 | -0.46 | -14.64 | 0.78 | -3.30 | -0.83 | 6.06 | -3.42 |
| Diluted Shares Outstanding | 13.34M | 12.47M | 12.53M | 12.39M | 12.28M | 12.18M | 11.99M | 11.68M | 11.6M | 11.55M | 11.45M | 11.4M | 11.35M | 11.57M | 4.4M | 3.45M | 3.45M | 3.45M | 3.45M | 3.45M |
| Basic Shares Outstanding | 13.34M | 12.47M | 12.53M | 12.39M | 12.28M | 12.18M | 11.99M | 11.68M | 11.6M | 11.55M | 11.45M | 11.4M | 11.32M | 11.14M | 4.4M | 3.45M | 3.45M | 3.45M | 3.45M | 3.45M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |