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Dec 31, 2023
Forge Q4 2023 Earnings Report
Forge reported a slight revenue increase and a larger net loss compared to the previous quarter.
Key Takeaways
Forge Global Holdings, Inc. reported a 13% year-over-year increase in total revenue less transaction-based expenses, reaching $18.9 million in Q4 2023. Trading volume saw a modest increase, while net loss increased to $26.2 million. The company highlighted investments in technology development and data capabilities as key drivers for future growth.
Total revenue less transaction-based expenses increased 13% year-over-year to $18.9 million.
Trading volume increased 1% year-over-year to $250.4 million.
Net loss increased from $19.0 million in Q3 2023 to $26.2 million in Q4 2023.
Total assets under custody increased 5% year-over-year.
Forge
Forge
Forward Guidance
Forge estimates 180 million weighted average basic shares outstanding for the quarter ending March 31, 2024.