Forge Glo Hldg Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Forge Glo Hldg has an operating margin of -103.7%, meaning the company retains $-104 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -131.0% the prior year.
Forge Glo Hldg's revenue grew 13.6% year-over-year to $79.3M, a solid pace of expansion. This earns a growth score of 67/100.
Forge Glo Hldg carries a low D/E ratio of 0.16, meaning only $0.16 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.
With a current ratio of 4.74, Forge Glo Hldg holds $4.74 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Forge Glo Hldg generated -$40.5M in operating cash flow, capex of $792K consumed most of it, leaving -$41.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Forge Glo Hldg passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Forge Glo Hldg generates $0.61 in operating cash flow (-$40.5M OCF vs -$66.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Forge Glo Hldg (FRGE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Key Financial Metrics
Forge Glo Hldg generated $79.3M in revenue in fiscal year 2024. This represents an increase of 13.6% from the prior year.
Forge Glo Hldg's EBITDA was -$75.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.5% from the prior year.
Forge Glo Hldg generated -$41.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 1.6% from the prior year.
Forge Glo Hldg reported -$66.3M in net income in fiscal year 2024. This represents an increase of 26.5% from the prior year.
Forge Glo Hldg earned $-0.36 per diluted share (EPS) in fiscal year 2024. This represents an increase of 30.8% from the prior year.
Forge Glo Hldg held $105.1M in cash against $0 in long-term debt as of fiscal year 2024.
Forge Glo Hldg had 12M shares outstanding in fiscal year 2024. This represents a decrease of 93.0% from the prior year.
Forge Glo Hldg's gross margin was 99.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.
Forge Glo Hldg's operating margin was -103.7% in fiscal year 2024, reflecting core business profitability. This is up 27.3 percentage points from the prior year.
Forge Glo Hldg's net profit margin was -83.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 45.6 percentage points from the prior year.
Forge Glo Hldg invested $792K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 50.3% from the prior year.
FRGE Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.3M-23.4% | $27.7M+9.7% | $25.3M+36.1% | $18.6M-16.6% | $22.3M+15.8% | $19.2M+1.0% | $19.1M+2.7% | $18.6M |
| Cost of Revenue | $288K+85.8% | $155K-19.3% | $192K-39.2% | $316K+23.4% | $256K+782.8% | $29K-84.0% | $181K+22.3% | $148K |
| Gross Profit | $21.0M-24.0% | $27.6M+9.9% | $25.1M+37.4% | $18.3M-17.0% | $22.0M+14.6% | $19.2M+1.8% | $18.9M+2.5% | $18.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $4.0M+88.9% | $2.1M-4.9% | $2.3M+62.9% | $1.4M-44.8% | $2.5M-50.5% | $5.1M+15.9% | $4.4M+133.5% | $1.9M |
| Operating Income | -$20.5M-60.1% | -$12.8M+22.1% | -$16.5M+11.9% | -$18.7M-5.9% | -$17.7M+29.4% | -$25.0M-2.4% | -$24.4M-13.5% | -$21.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $1.7M-8.5% | $1.9M+8.3% | $1.7M |
| Income Tax | -$1.3M-785.7% | $189K-81.4% | $1.0M+245.6% | $294K+14.0% | $258K+19.4% | $216K+332.0% | $50K-82.8% | $291K |
| Net Income | -$18.2M-44.9% | -$12.6M+22.2% | -$16.2M-3.4% | -$15.6M-14.0% | -$13.7M+26.3% | -$18.6M+27.8% | -$25.8M-40.6% | -$18.3M |
| EPS (Diluted) | $-1.37-35.6% | $-1.01 | $-1.29 | $3.81 | $-1.13+27.1% | $-1.55-933.3% | $-0.15-36.4% | $-0.11 |
FRGE Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $252.0M+3.8% | $242.8M-2.7% | $249.5M-5.3% | $263.5M-7.8% | $285.7M-4.4% | $298.7M-3.9% | $310.7M-2.1% | $317.5M |
| Current Assets | $78.3M-21.7% | $100.0M-6.9% | $107.4M-9.9% | $119.2M-13.0% | $137.0M-7.8% | $148.7M-8.9% | $163.1M-4.3% | $170.4M |
| Cash & Equivalents | $32.3M-40.5% | $54.3M-22.9% | $70.5M-33.0% | $105.1M-12.7% | $120.5M-7.0% | $129.6M-10.4% | $144.7M-6.7% | $155.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $8.1M-0.5% | $8.1M+38.7% | $5.9M+24.4% | $4.7M+4.0% | $4.5M-18.5% | $5.6M+36.5% | $4.1M+5.1% | $3.9M |
| Goodwill | $147.0M+21.5% | $120.9M0.0% | $120.9M0.0% | $120.9M0.0% | $120.9M0.0% | $120.9M0.0% | $120.9M0.0% | $120.9M |
| Total Liabilities | $45.6M+18.2% | $38.6M+18.1% | $32.7M-11.1% | $36.8M+1.6% | $36.2M-14.0% | $42.1M-0.6% | $42.3M+32.4% | $32.0M |
| Current Liabilities | $30.7M+22.1% | $25.1M+17.3% | $21.4M-14.8% | $25.1M+20.2% | $20.9M-13.4% | $24.1M-0.3% | $24.2M+17.0% | $20.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $202.6M+1.1% | $200.5M-6.1% | $213.5M-4.5% | $223.6M-8.9% | $245.4M-2.7% | $252.2M-4.3% | $263.5M-6.0% | $280.4M |
| Retained Earnings | -$393.9M-4.9% | -$375.7M-3.5% | -$363.1M-4.7% | -$347.0M-10.9% | -$313.0M-4.6% | -$299.3M-6.6% | -$280.6M-10.1% | -$254.8M |
FRGE Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$11.4M-46.1% | -$7.8M+39.4% | -$12.8M-62.4% | -$7.9M+45.3% | -$14.4M-16.6% | -$12.4M-88.3% | -$6.6M-85.3% | -$3.5M |
| Capital Expenditures | $47K-53.0% | $100K+96.1% | $51K | $0-100.0% | $267K-33.3% | $400K-3.4% | $414K+2857.1% | $14K |
| Free Cash Flow | -$11.4M-44.8% | -$7.9M+38.9% | -$12.9M-63.1% | -$7.9M+46.3% | -$14.7M-15.1% | -$12.8M-82.9% | -$7.0M-96.2% | -$3.6M |
| Investing Cash Flow | -$10.6M-119.9% | -$4.8M+77.6% | -$21.5M-8581.0% | -$248K-103.9% | $6.3M+1673.0% | -$400K+91.8% | -$4.9M-820.0% | -$529K |
| Financing Cash Flow | -$125K+97.1% | -$4.3M-553.3% | -$653K-25.3% | -$521K+42.1% | -$900K+56.6% | -$2.1M-895.4% | $261K+1034.8% | $23K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
FRGE Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 98.7%-0.8pp | 99.4%+0.2pp | 99.2%+0.9pp | 98.3%-0.6pp | 98.9%-1.0pp | 99.9%+0.8pp | 99.1%-0.1pp | 99.2% |
| Operating Margin | -96.7%-50.4pp | -46.3%+18.8pp | -65.1%+35.5pp | -100.6%-21.4pp | -79.2%+50.8pp | -130.0%-1.9pp | -128.1%-12.2pp | -115.9% |
| Net Margin | -85.7%-40.4pp | -45.4%+18.6pp | -63.9%+20.2pp | -84.2%-22.6pp | -61.6%+35.2pp | -96.8%+38.6pp | -135.3%-36.5pp | -98.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -7.2%-2.1pp | -5.2%+1.3pp | -6.5%-0.5pp | -5.9%-1.1pp | -4.8%+1.4pp | -6.2%+2.1pp | -8.3%-2.5pp | -5.8% |
| Current Ratio | 2.55-1.4 | 3.98-1.0 | 5.01+0.3 | 4.74-1.8 | 6.55+0.4 | 6.16-0.6 | 6.74-1.5 | 8.23 |
| Debt-to-Equity | 0.23+0.0 | 0.19+0.0 | 0.15-0.0 | 0.16+0.0 | 0.15-0.0 | 0.170.0 | 0.16+0.0 | 0.11 |
| FCF Margin | -53.6%-25.3pp | -28.4%+22.5pp | -50.9%-8.4pp | -42.5%+23.5pp | -66.0%+0.4pp | -66.4%-29.7pp | -36.6%-17.5pp | -19.2% |
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Frequently Asked Questions
What is Forge Glo Hldg's annual revenue?
Forge Glo Hldg (FRGE) reported $79.3M in total revenue for fiscal year 2024. This represents a 13.6% 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 Glo Hldg's revenue growing?
Forge Glo Hldg (FRGE) revenue grew by 13.6% year-over-year, from $69.8M to $79.3M in fiscal year 2024.
Is Forge Glo Hldg profitable?
No, Forge Glo Hldg (FRGE) reported a net income of -$66.3M in fiscal year 2024, with a net profit margin of -83.6%.
What is Forge Glo Hldg's earnings per share (EPS)?
Forge Glo Hldg (FRGE) reported diluted earnings per share of $-0.36 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Forge Glo Hldg's EBITDA?
Forge Glo Hldg (FRGE) had EBITDA of -$75.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Forge Glo Hldg's gross margin?
Forge Glo Hldg (FRGE) had a gross margin of 99.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Forge Glo Hldg's operating margin?
Forge Glo Hldg (FRGE) had an operating margin of -103.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Forge Glo Hldg's net profit margin?
Forge Glo Hldg (FRGE) had a net profit margin of -83.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Forge Glo Hldg's free cash flow?
Forge Glo Hldg (FRGE) generated -$41.3M in free cash flow during fiscal year 2024. This represents a 1.6% 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 Glo Hldg's operating cash flow?
Forge Glo Hldg (FRGE) generated -$40.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Forge Glo Hldg's total assets?
Forge Glo Hldg (FRGE) had $263.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Forge Glo Hldg's capital expenditures?
Forge Glo Hldg (FRGE) invested $792K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Forge Glo Hldg have outstanding?
Forge Glo Hldg (FRGE) had 12M shares outstanding as of fiscal year 2024.
What is Forge Glo Hldg's current ratio?
Forge Glo Hldg (FRGE) had a current ratio of 4.74 as of fiscal year 2024, which is generally considered healthy.
What is Forge Glo Hldg's debt-to-equity ratio?
Forge Glo Hldg (FRGE) had a debt-to-equity ratio of 0.16 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Forge Glo Hldg's return on assets (ROA)?
Forge Glo Hldg (FRGE) had a return on assets of -25.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Forge Glo Hldg's cash runway?
Based on fiscal year 2024 data, Forge Glo Hldg (FRGE) had $105.1M in cash against an annual operating cash burn of $40.5M. This gives an estimated cash runway of approximately 31 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 Glo Hldg's Piotroski F-Score?
Forge Glo Hldg (FRGE) has a Piotroski F-Score of 4 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 Glo Hldg's earnings high quality?
Forge Glo Hldg (FRGE) has an earnings quality ratio of 0.61x, 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 Glo Hldg?
Forge Glo Hldg (FRGE) scores 53 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.