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Mar 31, 2023
Forge Q1 2023 Earnings Report
Forge Global Holdings, Inc. reported financial results for the quarter ended March 31, 2023.
Key Takeaways
Forge Global Holdings reported a total revenue less transaction-based expenses of $15.5 million and a net loss of $21.3 million for the first quarter of 2023. The company's trading volume was $128.2 million, with a net take rate of 3.6%.
Total revenue less transaction based expenses was $15.5 million in 1Q23.
Trading volume was $128.2 million in 1Q23.
Net take rate was 3.6% in 1Q23.
Forge Trust Custodial Cash was $574 million in 1Q23.
Forge
Forge
Forward Guidance
We estimate for the quarter ended June 30, 2023 that Forge will have 173 million weighted average basic shares outstanding, which will be used to calculate earnings per share in a loss position.