Forge Glo Hldg Financials
Forge Glo Hldg (FRGE) reported $79.3M in revenue for fiscal year 2024, up 13.6% from the prior fiscal year. This page shows its 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).
Forge’s near-pure gross margin leaves results driven by overhead absorption and cash burn, not delivery costs.
From FY2023 to FY2024, revenue improved to$79.3M while operating cash flow stayed deeply negative at-$40.5M . With gross margin still above99.0% , that gap points to fixed operating expense as the binding constraint: better volume is helping, but not enough to make the business self-funding.
The income statement looks like an asset-light service model: cost of revenue was only
The balance sheet still gives the company room to absorb losses because cash of
Financial Health Signals
Scored against emerging companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Forge Glo Hldg's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Forge Glo Hldg, and counted as zero in the overall score.
Forge Glo Hldg scores 8.02, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($623.0M) relative to total liabilities ($36.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Forge Glo Hldg passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Forge Glo Hldg reported a net loss of $66.3M while operations used $40.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
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 reported -$66.3M in net income in fiscal year 2024. This represents an increase of 26.5% from the prior year.
Cash & Balance Sheet
Forge Glo Hldg recorded an outflow of $41.3M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 1.6% from the prior year.
Forge Glo Hldg held $105.1M in cash as of fiscal year 2024; long-term debt is not reported for that period.
Not reported for fiscal year 2024.
Margins & Returns
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 net profit margin was -83.6% in fiscal year 2024, showing the share of revenue converted to profit. No change is given against fiscal year 2023: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Forge Glo Hldg's ROE was -29.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 4.6 percentage points from the prior year.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
FRGE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Revenue | $92.9M | $79.3M+13.6% | $69.8M+0.6% | $69.4M-45.8% | $128.1M+148.0% | $51.6M |
| Cost of Revenue | $951K | $674K+56.4% | $431K-10.8% | $483K-84.1% | $3.0M-22.0% | $3.9M |
| Gross Profit | $91.9M | $78.7M+13.4% | $69.4M+0.7% | $68.9M-44.9% | $125.0M+161.8% | $47.8M |
| SG&A Expenses | $9.8M | $10.8M-13.4% | $12.5M+10.5% | $11.3M+159.8% | $4.4M+864.2% | $452K |
| Operating Income | -$68.6M | -$82.3M+10.0% | -$91.4M+32.3% | -$135.0M-1279.5% | -$9.8M-28.5% | -$7.6M |
| Interest Expense | N/A | N/A | $6.4M+139.5% | $2.7M+216.2% | -$2.3M+4.1% | -$2.4M |
| Income Tax | $203K | $1.1M+30.2% | $819K+150.5% | $327K-15.3% | $386K+148.1% | -$803K |
| Net Income | -$62.6M | -$66.3M+26.5% | -$90.2M+19.3% | -$111.9M-504.7% | -$18.5M-90.5% | -$9.7M |
| EPS (Diluted) | — | -$0.36 | -$0.52+35.0% | -$0.80 | -$0.34-30.8% | -$0.26 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FRGE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| Total Assets | $263.5M-15.2% | $310.7M-14.6% | $363.7M+41.0% | $257.9M-38.1% | $416.3M |
| Current Assets | $119.2M-26.9% | $163.1M-21.2% | $206.9M+134.9% | $88.1M+3686.6% | $2.3M |
| Cash & Equivalents | $105.1M-27.4% | $144.7M-25.1% | $193.1M+158.3% | $74.8M+84.3% | $40.6M |
| Accounts Receivable | $4.7M+15.7% | $4.1M+14.8% | $3.5M-34.1% | $5.4M | N/A |
| Goodwill | $120.9M0.0% | $120.9M0.0% | $120.9M | N/A | N/A |
| Total Liabilities | $36.8M-13.1% | $42.3M+10.6% | $38.3M-87.7% | $310.5M-26.7% | $423.8M |
| Current Liabilities | $25.1M+3.8% | $24.2M-8.2% | $26.4M-30.6% | $38.0M+9028.7% | $417K |
| Total Equity | $223.6M-15.2% | $263.5M-17.5% | $319.4M+706.7% | -$52.6M-602.0% | -$7.5M |
| Retained Earnings | -$347.0M-23.6% | -$280.6M-47.4% | -$190.4M-142.4% | -$78.6M-48.0% | -$53.1M |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
FRGE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$39.9M | -$40.5M+2.2% | -$41.5M+39.7% | -$68.8M-731.2% | $10.9M+531.2% | -$2.5M |
| Capital Expenditures | $198K | $792K+50.3% | $527K+139.5% | $220K | $0-100.0% | $13K |
| Free Cash Flow | -$40.1M | -$41.3M+1.6% | -$42.0M+39.2% | -$69.0M-733.2% | $10.9M+529.0% | -$2.5M |
| Investing Cash Flow | -$37.2M | $5.5M+167.0% | -$8.2M-22.7% | -$6.7M-104.2% | -$3.3M+86.1% | -$23.4M |
| Financing Cash Flow | -$5.6M | -$3.9M-6926.3% | $57K-100.0% | $192.9M+625.6% | $26.6M-32.5% | $39.4M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FRGE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| Gross Margin | 99.2%-0.2pp | 99.4%+0.1pp | 99.3%+1.7pp | 97.6%+5.2pp | 92.5% |
| Operating Margin | -103.7% | -131.0% | -194.6% | -7.6%+7.1pp | -14.8% |
| Net Margin | -83.6% | -129.2% | -161.2% | -14.4%+4.4pp | -18.8% |
| Return on Equity | -29.7%+4.6pp | -34.2%+0.8pp | -35.0% | N/A | N/A |
| Return on Assets | -25.2%+3.9pp | -29.0%+1.7pp | -30.8%-23.6pp | -7.2%-4.8pp | -2.3% |
| Current Ratio | 4.74-2.0x | 6.74-1.1x | 7.84+5.5x | 2.32-3.3x | 5.58 |
| Debt-to-Equity | 0.160.0x | 0.160.0x | 0.12 | N/A | N/A |
| FCF Margin | -52.1%+8.0pp | -60.1%+39.4pp | -99.5%-108.0pp | 8.5%+13.4pp | -4.9% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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Where Forge Glo Hldg Ranks
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 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 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 return on equity (ROE)?
Forge Glo Hldg (FRGE) has a return on equity of -29.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Forge Glo Hldg's free cash flow?
Forge Glo Hldg (FRGE) recorded an outflow of $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) recorded an outflow of $40.5M in operating cash flow during fiscal year 2024, representing cash used by 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.
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 Altman Z-Score?
Forge Glo Hldg (FRGE) has an Altman Z-Score of 8.02, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Forge Glo Hldg's Piotroski F-Score?
Forge Glo Hldg (FRGE) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $66.3M while operations used $40.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 62 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.