Forge Innovatn Financials
This page shows Forge Innovatn (FGNV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Forge Innovatn's revenue surged 52.4% year-over-year to $668K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Forge Innovatn carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Forge Innovatn's current ratio of 1.27 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 21/100, which could limit financial flexibility.
While Forge Innovatn generated -$183K in operating cash flow, capex of $83K consumed most of it, leaving -$266K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Forge Innovatn generates a -120.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -39.6% the prior year.
Forge Innovatn passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Forge Innovatn generates $0.14 in operating cash flow (-$183K OCF vs -$1.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Forge Innovatn generated $668K in revenue in fiscal year 2024. This represents an increase of 52.4% from the prior year.
Forge Innovatn reported -$1.3M in net income in fiscal year 2024. This represents a decrease of 37.8% from the prior year.
Forge Innovatn earned $-0.03 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 50.0% from the prior year.
Cash & Balance Sheet
Forge Innovatn generated -$266K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 21.9% from the prior year.
Forge Innovatn held $405 in cash against $20K in long-term debt as of fiscal year 2024.
Forge Innovatn had 50M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Margins & Returns
Forge Innovatn's net profit margin was -189.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 20.1 percentage points from the prior year.
Forge Innovatn's ROE was -120.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 80.5 percentage points from the prior year.
Capital Allocation
Forge Innovatn invested $83K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 3846.0% from the prior year.
FGNV Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16K-91.7% | $193K+10.3% | $175K-1.5% | $178K-0.3% | $178K+1.4% | $176K+29.1% | $136K+6.7% | $128K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $10K-88.3% | $88K-52.0% | $182K+87.4% | $97K+201.2% | $32K-70.1% | $108K+63.1% | $66K-22.9% | $86K |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | $91K | N/A | N/A | N/A | $131K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$857K-1298.7% | -$61K+49.3% | -$121K-221.9% | -$38K+36.9% | -$59K+89.9% | -$587K-0.5% | -$584K-2.0% | -$573K |
| EPS (Diluted) | $-0.02 | $0.00 | $0.00 | N/A | $0.00+100.0% | $-0.010.0% | $-0.01 | N/A |
FGNV Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $164K-98.0% | $8.1M-0.5% | $8.2M-0.7% | $8.2M-0.6% | $8.3M-0.6% | $8.3M-5.7% | $8.8M-5.3% | $9.3M |
| Current Assets | $133K-48.8% | $260K+17.3% | $221K-97.3% | $8.2M+4888.8% | $164K-22.1% | $210K-67.2% | $640K-43.0% | $1.1M |
| Cash & Equivalents | N/A | $52K+421.5% | $10K+2375.6% | $405-98.6% | $28K-39.6% | $47K+1096.9% | $4K-20.1% | $5K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | $155K-2.3% | $158K+7.2% | $148K | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $342K-94.9% | $6.7M+1.2% | $6.6M+2.6% | $6.5M+0.6% | $6.4M+0.9% | $6.4M+3.0% | $6.2M+3.1% | $6.0M |
| Current Liabilities | $316K-80.1% | $1.6M+1.2% | $1.6M-75.5% | $6.4M+390.5% | $1.3M+6.8% | $1.2M-26.9% | $1.7M+4.2% | $1.6M |
| Long-Term Debt | $14K-12.5% | $16K-11.1% | $18K-10.0% | $20K-9.1% | $22K-8.3% | $24K-7.7% | $26K-7.1% | $28K |
| Total Equity | -$179K-120.4% | $875K-6.5% | $936K-11.4% | $1.1M-3.4% | $1.1M-5.2% | $1.2M-33.7% | $1.7M-25.1% | $2.3M |
| Retained Earnings | -$4.8M-21.8% | -$3.9M-1.6% | -$3.9M-3.2% | -$3.8M-1.0% | -$3.7M-1.6% | -$3.7M-19.1% | -$3.1M-23.5% | -$2.5M |
FGNV Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$76K-185.6% | $89K+573.8% | -$19K-138.2% | $49K+397.5% | -$17K+87.9% | -$136K-72.1% | -$79K+6.0% | -$84K |
| Capital Expenditures | N/A | N/A | N/A | $68K+576.9% | $10K | N/A | N/A | $0 |
| Free Cash Flow | N/A | N/A | N/A | -$19K+29.8% | -$26K | N/A | N/A | -$84K |
| Investing Cash Flow | N/A | N/A | N/A | -$68K-576.9% | -$10K | N/A | N/A | $0 |
| Financing Cash Flow | $111K+337.6% | -$47K-1191.1% | -$4K-115.9% | $23K+186.0% | $8K-95.7% | $184K+136.1% | $78K-0.3% | $78K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FGNV Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -5355.3%-5323.6pp | -31.7%+37.2pp | -68.9%-47.8pp | -21.1%+12.2pp | -33.3%+300.5pp | -333.8%+95.1pp | -429.0%+19.8pp | -448.8% |
| Return on Equity | N/A | -7.0%+5.9pp | -12.9%-9.3pp | -3.5%+1.9pp | -5.4%+45.5pp | -50.9%-17.3pp | -33.6%-8.9pp | -24.6% |
| Return on Assets | -523.4%-522.7pp | -0.8%+0.7pp | -1.5%-1.0pp | -0.5%+0.3pp | -0.7%+6.3pp | -7.1%-0.4pp | -6.6%-0.5pp | -6.2% |
| Current Ratio | 0.42+0.3 | 0.16+0.0 | 0.14-1.1 | 1.27+1.1 | 0.13-0.0 | 0.17-0.2 | 0.38-0.3 | 0.70 |
| Debt-to-Equity | -0.08-0.1 | 0.020.0 | 0.020.0 | 0.020.0 | 0.020.0 | 0.020.0 | 0.010.0 | 0.01 |
| FCF Margin | N/A | N/A | N/A | -10.5%+4.4pp | -14.9% | N/A | N/A | -65.8% |
Frequently Asked Questions
What is Forge Innovatn's annual revenue?
Forge Innovatn (FGNV) reported $668K in total revenue for fiscal year 2024. This represents a 52.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Forge Innovatn's revenue growing?
Forge Innovatn (FGNV) revenue grew by 52.4% year-over-year, from $438K to $668K in fiscal year 2024.
Is Forge Innovatn profitable?
No, Forge Innovatn (FGNV) reported a net income of -$1.3M in fiscal year 2024, with a net profit margin of -189.8%.
How much debt does Forge Innovatn have?
As of fiscal year 2024, Forge Innovatn (FGNV) had $405 in cash and equivalents against $20K in long-term debt.
What is Forge Innovatn's net profit margin?
Forge Innovatn (FGNV) had a net profit margin of -189.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Forge Innovatn's return on equity (ROE)?
Forge Innovatn (FGNV) has a return on equity of -120.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Forge Innovatn's free cash flow?
Forge Innovatn (FGNV) generated -$266K in free cash flow during fiscal year 2024. This represents a 21.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Forge Innovatn's operating cash flow?
Forge Innovatn (FGNV) generated -$183K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Forge Innovatn's total assets?
Forge Innovatn (FGNV) had $8.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Forge Innovatn's capital expenditures?
Forge Innovatn (FGNV) invested $83K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Forge Innovatn's current ratio?
Forge Innovatn (FGNV) had a current ratio of 1.27 as of fiscal year 2024, which is considered adequate.
What is Forge Innovatn's debt-to-equity ratio?
Forge Innovatn (FGNV) had a debt-to-equity ratio of 0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Forge Innovatn's return on assets (ROA)?
Forge Innovatn (FGNV) had a return on assets of -15.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Forge Innovatn's cash runway?
Based on fiscal year 2024 data, Forge Innovatn (FGNV) had $405 in cash against an annual operating cash burn of $183K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Forge Innovatn's Piotroski F-Score?
Forge Innovatn (FGNV) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Forge Innovatn's earnings high quality?
Forge Innovatn (FGNV) has an earnings quality ratio of 0.14x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Forge Innovatn?
Forge Innovatn (FGNV) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.