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Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 27,739 $ 22,282 $ 53,035 $ 41,524
Transaction-based expenses:        
Transaction-based expenses (155) (256) (347) (285)
Total revenues, less transaction-based expenses 27,584 22,026 52,688 41,239
Operating expenses:        
Compensation and benefits 27,193 28,784 56,684 58,627
Technology and communications 4,667 2,649 9,016 5,709
Professional services 1,204 1,605 3,536 3,822
General and administrative 2,144 2,508 4,398 7,570
Acquisition-related transaction costs 1,988 0 1,988 0
Advertising and market development 1,528 1,243 2,743 2,333
Depreciation and amortization 909 1,781 1,895 3,597
Rent and occupancy 786 1,107 1,732 2,242
Total operating expenses 40,419 39,677 81,992 83,900
Operating loss (12,835) (17,651) (29,304) (42,661)
Interest and other income:        
Interest income 803 1,495 1,845 3,204
Change in fair value of warrant liabilities (294) 2,280 (103) 6,727
Other income, net 76 94 130 170
Total interest and other (expense) income 585 3,869 1,872 10,101
Loss before provision for income taxes (12,250) (13,782) (27,432) (32,560)
Provision for income taxes 189 258 1,205 474
Net loss (12,439) (14,040) (28,637) (33,034)
Net income (loss) attributable to noncontrolling interest 141 (316) 115 (686)
Net loss attributable to Forge Global Holdings, Inc. $ (12,580) $ (13,724) $ (28,752) $ (32,348)
Net loss per share attributable to Forge Global Holdings, Inc. common stockholders:        
Basic (in dollars per share) $ (1.01) $ (1.13) $ (2.30) $ (2.67)
Diluted (in dollars per share) $ (1.01) $ (1.13) $ (2.30) $ (2.67)
Weighted-average shares used in computing net loss per share attributable to Forge Global Holdings, Inc. common stockholders:        
Basic (in shares) 12,474 12,179 12,503 12,112
Diluted (in shares) 12,474 12,179 12,503 12,112
Marketplace revenue        
Revenues:        
Total revenues $ 18,597 $ 11,679 $ 34,594 $ 20,199
Custodial administration fees        
Revenues:        
Total revenues $ 9,142 $ 10,603 $ 18,441 $ 21,325