Forge Q3 2024 Earnings Report
Key Takeaways
Forge Global Holdings reported a 4% year-over-year increase in total revenue, less transaction-based expenses, reaching $19.1 million. The company's trading volume increased by 44% to $338.1 million. Forge also launched Forge Price, a new pricing transparency initiative.
Total revenue, less transaction-based expenses, increased by 4% year-over-year to $19.1 million.
Marketplace revenues, less transaction-based expenses, increased by 21% year-over-year.
Trading volume increased by 44% year-over-year to $338.1 million.
Forge launched Forge Price to enhance pricing transparency in the private market.
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Forward Guidance
Forge estimates for the quarter ended December 31, 2024, to have 186 million weighted average basic shares outstanding, which will be used to calculate earnings per share in a loss position.