SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge”) (NYSE: FRGE), a leading provider of marketplace infrastructure, data services and technology solutions for private market participants, today announced the addition of Natasha Brooks, SVP, Head of Data Sales, and Harnalli DeepaSwamy, Vice President of Data, AI & Analytics Platform Engineering, to its team. Brooks is focused on accelerating the adoption of Forge data products and solutions among institutional and professional investors, wh ...

Forge Global Holdings, Inc. (NYSE:FRGE) Q3 2023 Earnings Call Transcript November 7, 2023 4:30 PM ET Company Participants Dominic Paschel - SVP Kelly Rodriques - CEO Mark Lee - CFO Conference Call Participants Alex Kramm - UBS Devin Ryan - JMP Securities Owen Lau - Oppenheimer Jeff Schmitt - William Blair Operator Good afternoon. My name is Kayla, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Forge Global Third Quarter 2023 Financial Results Conference Call. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-04321 Forge Global Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 98-15611 ...

Financial Data and Key Metrics Changes - Forge's total revenue less transaction-based expenses increased by 8% to $16.6 million in Q2 from $15.5 million in Q1 [7][9] - Placement fee revenue, less transaction-based expenses, rose by 22% to $5.6 million in Q2 compared to $4.6 million in Q1, marking the first improvement in six quarters [7][9] - Custody administration fees continued to rise for the seventh consecutive quarter, reaching $11 million in Q2, benefiting from the higher interest rate environment [8][20] - The net loss for Q2 increased to $25.1 million from $21.3 million in Q1, with noncash expenses rising significantly [11] - Adjusted EBITDA loss improved to $11.8 million in Q2 from a loss of $13 million in Q1 [11][18] Business Line Data and Key Metrics Changes - Total custodial cash balances decreased to $550 million at the end of Q2 from $574 million at the end of Q1, primarily due to cash sorting and search for yield [10] - Total company accounts remained flat at 2 million in Q2, while assets under custody increased by 3% to $15.3 billion [21] - The overall net take rate increased from 3.6% in Q1 to 3.7% in Q2, slightly above historical averages [20] Market Data and Key Metrics Changes - Transaction volume increased by 20% to $153.2 million in Q2 [18][20] - The bid-ask spread on the Forge platform narrowed from 30% in April to between 17% and 18% in May and June, indicating improved pricing alignment between buyers and sellers [82] Company Strategy and Development Direction - Forge aims to position itself at the center of the private market ecosystem, leveraging technology, data, and expertise to capture pent-up demand as private market activity expands [16][17] - The company launched the Forge investment outlook in July, providing institutional-grade research to enhance transparency in the private market [19] - Forge is committed to reducing its burn rate while investing in future growth, focusing on key strategic priorities [32][79] Management's Comments on Operating Environment and Future Outlook - Management noted that the private market is experiencing a "great reset," with valuations significantly lower than previous funding rounds, which may pressure companies to adopt lean growth strategies [74][106] - There are signs of improvement in the market, with expectations that Q3 results will match or exceed Q2 performance [76][88] - The management expressed optimism about the recovery of the private market, although they remain cautious about potential macroeconomic risks [86][87] Other Important Information - Forge was added to the Russell 2000 index, validating its position as a category leader [8] - The company continues to monitor cash usage and has taken measures to reduce costs while maintaining strategic hires in critical areas [22][47] Q&A Session Questions and Answers Question: What are the potential wildcards that can derail the recovery trend? - Management highlighted macroeconomic trends and the delay in fundraising as potential factors that could slow the recovery in private markets [85][86] Question: How has the valuation of AI companies impacted the overall market? - Management indicated that while AI companies are generating interest, the overall market valuations are not solely driven by them, and the recovery is still in early stages [24][89] Question: What is the outlook for transaction volume and market normalization? - Management expects transaction volume to equal or slightly exceed Q2 levels, indicating a positive trend towards normalization in the market [23][76]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-04321 Forge Global Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 98-1561111 (S ...

Forge Global Holdings, Inc. (NYSE:FRGE) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Dominic Paschel - IR Kelly Rodrigues - CEO Mark Lee - CFO Conference Call Participants Mike Falco - JMP Securities Rich Repetto - Piper Sandler Owen Lau - Oppenheimer Michael Cho - JP Morgan Operator Hello. My name is Mallory, and I will be your conference operator today. At this time, I would like to welcome everyone to the Forge Global First Quarter Financial Results Conference Call. All lin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-04321 Forge Global Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 98-1561111 ( ...

Forge Global Holdings, Inc. (NYSE:FRGE) Q4 2022 Earnings Conference Call February 28, 2023 5:00 PM ET Company Participants Dominic Paschel - Senior Vice President Finance and Investor Relations Kelly Rodrigues - CEO Mark Lee - CFO Conference Call Participants Devin Ryan - JMP Securities Alex Kramm - UBS Owen Lau - Oppenheimer Jeff Schmitt - William Blair Ken Worthington - JPMorgan Patrick Moley - Piper Sander Operator Good afternoon. My name is Emma, and I will be your conference operator today. At this tim ...

Forge Supplemental Investor Information February 2023 Important Information On March 25, 2022, the Company filed a Current Report on Form 8-K (the "Form 8-K") which, among other things, included the audited financial statements (and notes thereto) of Forge Global as of and for the fiscal years ended December 31, 2021 and 2020 (the "Forge Global 2021 Financial Statements"), Management's Discussion and Analysis of Financial Condition and Results of Operations for Forge Global for the years ended December 31, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 FORM 10-K For the transition period from to (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR Commission file number 001-04321 Forge Global Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 98-1561111 (State ...