Earnings summaries and quarterly performance for Forge Global Holdings.
Executive leadership at Forge Global Holdings.
Board of directors at Forge Global Holdings.
Research analysts who have asked questions during Forge Global Holdings earnings calls.
Devin Ryan
Citizens JMP
4 questions for FRGE
Also covers: AMTD, COIN, CRCL +19 more
MC
Michael Cho
JPMorgan Chase & Co.
3 questions for FRGE
Also covers: ENV, FHI, NDAQ +3 more
PM
Patrick Moley
Piper Sandler & Co.
2 questions for FRGE
Also covers: BGC, CBOE, CME +17 more
AK
Alex Kramm
UBS Group AG
1 question for FRGE
Also covers: BR, CBOE, CBRE +15 more
Brian Fitzgerald
Citizens JMP Securities, LLC
1 question for FRGE
G(
Guru (on for Owen Lau)
Oppenheimer
1 question for FRGE
Also covers: BLSH
JS
Jeff Schmitt
William Blair & Company, L.L.C.
1 question for FRGE
Also covers: AIZ, AMP, FTDR +8 more
MT
Michael Tillan
JPMorgan Chase & Co.
1 question for FRGE
Recent press releases and 8-K filings for FRGE.
Forge Global Holdings Subject to Shareholder Investigation
FRGE
Legal Proceedings
M&A
Takeover Bid
- Brodsky & Smith is investigating Forge Global Holdings, Inc. (NYSE - FRGE) regarding its acquisition by Charles Schwab Corporation.
- Under the terms of the Merger Agreement, Forge will be acquired for $45 cash per Common Share.
- The investigation concerns whether the Forge Board breached its fiduciary duties to shareholders by failing to conduct a fair process and if the deal consideration provides fair value.
Dec 11, 2025, 10:19 PM
Forge UK Becomes Registered Auction Agent on London Stock Exchange’s Private Securities Market
FRGE
New Projects/Investments
Product Launch
- Forge UK, a subsidiary of Forge Global Holdings, has become a Registered Auction Agent (RAA) on the London Stock Exchange’s newly launched Private Securities Market.
- This designation expands access to regulated private-market liquidity in Europe, allowing Forge UK customers to participate in the London Stock Exchange’s new market under the UK’s PISCES framework.
- As an RAA, Forge UK will provide eligible investors with streamlined access to buy and sell private company shares through the London Stock Exchange’s auction-based market structure.
- The Private Securities Market aims to introduce efficient, intermittent trading windows for private companies, bringing public market infrastructure and safeguards to the private domain in the UK.
Dec 11, 2025, 1:30 PM
Forge Global Holdings Reports Q3 2025 Financial Results
FRGE
Earnings
Demand Weakening
- Forge Global Holdings, Inc. (FRGE) filed an 8-K on November 13, 2025, providing supplemental financial information and key business metrics for its Q3 2025 results.
- For Q3 2025, the company reported marketplace revenues of $12,161 thousand and a net loss attributable to Forge Global Holdings of ($18,223 thousand).
- Adjusted EBITDA for Q3 2025 was ($11,556 thousand), and net cash used in operating activities was ($11,345 thousand).
- Key business metrics for Q3 2025 included 2,703,045 total custodial accounts and $18.4 billion in assets under custody.
Nov 13, 2025, 9:31 PM
Forge Global Holdings to be acquired by Charles Schwab
FRGE
M&A
New Projects/Investments
- Charles Schwab announced its acquisition of Forge Global Holdings, a private stock trading platform, for $660 million, paying $45 per share, which represents a 72% premium over Forge's last closing price.
- The acquisition aims to expand Schwab's offerings by providing retail investors and registered investment advisors greater access to private markets and pre-IPO shares, addressing the growing demand for alternative investments.
- The deal is expected to close in the first half of 2026.
- Following the announcement, Forge Global's shares surged over 65% in premarket trading.
Nov 6, 2025, 12:59 PM
Forge Global Holdings, Inc. to be Acquired by Charles Schwab Corporation
FRGE
M&A
Takeover Bid
- Forge Global Holdings, Inc. (FRGE) entered into a Merger Agreement on November 5, 2025, with The Charles Schwab Corporation (Schwab) and its subsidiary Ember-Falcon Merger Sub, Inc..
- Under the agreement, FRGE will be acquired by Schwab, becoming a wholly owned subsidiary of Schwab.
- Each outstanding share of FRGE common stock (excluding certain shares) will be converted into the right to receive $45.00 in cash per share.
- The Merger Agreement also outlines the treatment of FRGE's equity awards and includes a $25,740,000 termination fee payable by FRGE to Schwab under specific circumstances.
Nov 6, 2025, 11:33 AM
Forge Global Comments on Potential Sale Discussions
FRGE
M&A
Takeover Bid
- Forge Global Holdings, Inc. (NYSE:FRGE) has acknowledged market rumors and media speculation regarding a potential sale of the company.
- The company has received unsolicited indications of interest from multiple parties and is currently engaged in discussions regarding a potential sale.
- Forge emphasizes that no agreement has been reached, and there is no assurance that any transaction will result from these discussions, nor regarding its terms, structure, or timing.
- The company does not intend to make further comments unless a formal agreement is reached or a definitive course of action is determined.
Oct 27, 2025, 10:37 PM
Forge Global Discusses Private Market Recovery and 2025-2026 Financial Outlook
FRGE
Guidance Update
CFO Change
New Projects/Investments
- Forge Global's CEO, Kelly Rodriques, stated that the private market, after a "Great Reset" in 2022-2023, is now "back," with the private market index up over 30% in the last three months and bid-ask spreads narrowed to 8%.
- The company is committed to achieving cash flow break-even in 2026, with profitability and margin expansion anticipated to start in 2025 and 2026.
- Forge is heavily investing in its "next generation platform" for 2025 and 2026, focusing on data products and automation to enhance private market accessibility and liquidity, including the recent launch of Forge Pro for institutional clients.
- James Nevin has been appointed as the new Chief Financial Officer, succeeding Mark Lee.
- Forge Europe is expected to generate revenue in the company's 2025 plan, as part of its international expansion strategy.
Mar 4, 2025, 8:00 PM
Forge Global Discusses Market Recovery, Financial Outlook, and New CFO
FRGE
CFO Change
Guidance Update
New Projects/Investments
- Forge Global reports the private market is "back" in 2024, following a "Great Reset" in 2022-2023, with bid-ask spreads narrowing to 8%, increased buy-side demand, and its private market index up over 30% in the last three months.
- The company is committed to achieving cash flow break-even in 2026, anticipating profitability and margin expansion to commence in 2025 and 2026 due to efficiency gains from its next-generation platform and improved market conditions.
- James Nevin has been appointed as the new CFO, joining from the London Stock Exchange, while former CFO Mark Lee will transition to an advisory capacity.
- Forge is investing in its "next generation platform" with planned automation innovations for 2025 and 2026 and is expanding internationally, particularly in Europe, with revenue expected in its 2025 plan.
- New products include a third-party asset manager tracking Forge's index to build a passive fund, with Equidity filing with the SEC for a 40-act, non-accredited tradable fund.
Mar 4, 2025, 8:00 PM
Quarterly earnings call transcripts for Forge Global Holdings.
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