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Jun 30, 2023
Forge Q2 2023 Earnings Report
Forge Global Holdings, Inc. reported financial results for the quarter ended June 30, 2023.
Key Takeaways
Forge Global Holdings, Inc. reported total revenue less transaction-based expenses of $16.6 million and a net loss of $25.1 million for the second quarter of 2023. Trading volume was $153.2 million, and the net take rate was 3.7%. Forge was also added to the U.S. Small-Cap Russell 2000® Index.
Total revenue less transaction-based expenses was $16.6 million in 2Q23.
Trading volume was $153.2 million in 2Q23.
Net take rate was 3.7% in 2Q23.
Forge Trust custodial cash was $550 million in 2Q23.
Forward Guidance
We estimate for the quarter ended September 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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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