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Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 25,296 $ 19,242
Transaction-based expenses:    
Transaction-based expenses (192) (29)
Total revenues, less transaction-based expenses 25,104 19,213
Operating expenses:    
Compensation and benefits 29,491 29,843
Technology and communications 4,349 3,060
Professional services 2,332 2,217
General and administrative 2,254 5,062
Advertising and market development 1,215 1,090
Depreciation and amortization 986 1,816
Rent and occupancy 946 1,135
Total operating expenses 41,573 44,223
Operating loss (16,469) (25,010)
Interest and other income:    
Interest income 1,042 1,709
Change in fair value of warrant liabilities 191 4,447
Other income, net 54 76
Total interest and other income 1,287 6,232
Loss before provision for income taxes (15,182) (18,778)
Provision for income taxes 1,016 216
Net loss (16,198) (18,994)
Net loss attributable to noncontrolling interest (26) (370)
Net loss attributable to Forge Global Holdings, Inc. $ (16,172) $ (18,624)
Net loss per share attributable to Forge Global Holdings, Inc. common stockholders:    
Basic (in dollars per share) [1] $ (1.29) $ (1.55)
Diluted (in dollars per share) [1] $ (1.29) $ (1.55)
Weighted-average shares used in computing net loss per share attributable to Forge Global Holdings, Inc. common stockholders:    
Basic (in shares) [1] 12,534 11,994
Diluted (in shares) [1] 12,534 11,994
Marketplace revenue    
Revenues:    
Total revenues $ 15,997 $ 8,520
Custodial administration fees    
Revenues:    
Total revenues $ 9,299 $ 10,722
[1] Amounts have been adjusted to reflect the reverse stock split that became effective on April 14, 2025. Refer to Note 2, "Summary of Significant Accounting Policies" and Note 13, "Subsequent Events" for further information about the reverse stock split.