Forge Q3 2023 Earnings Report
Key Takeaways
Forge Global Holdings reported total revenue less transaction based expenses of $18.4 million and a trading volume of $234.1 million for Q3 2023. The company experienced a net loss of $19.0 million and an operating loss of $21.5 million. Despite the losses, trading volume was up 53% quarter-over-quarter.
Total revenue less transaction-based expenses was $18.4 million in 3Q23.
Trading volume was $234.1 million in 3Q23, a 53% increase quarter-over-quarter.
Net Take Rate was 3.0% in 3Q23, down 19% quarter-over-quarter.
Forge Trust Custodial Cash totaled $518 million in 3Q23.
Forge
Forge
Forward Guidance
Forge estimates for the quarter ended December 31, 2023 that Forge will have 175.1 million weighted average basic shares outstanding, which will be used to calculate earnings per share in a loss position.