Forge Global Holdings (NYSE:FRGE) Full Year 2024 Results
Key Financial Results
- Revenue: US$79.3m (up 14% from FY 2023).
- Net loss: US$66.3m (loss narrowed by 27% from FY 2023).
- US$0.36 loss per share (improved from US$0.52 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Forge Global Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 2.5%.
In the last 12 months, the only revenue segment was Integrated Private Markets Service Provider contributing US$79.3m. The largest operating expense was General & Administrative costs, amounting to US$149.9m (93% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$15.9m. Explore how FRGE's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 30% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Forge Global Holdings.
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