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Forge Global Holdings Inc is a financial service platform created to serve the needs of the private market. It provides marketplace infrastructure, data services, and technology solutions for private market participants. The company offers a trusted trading platform, proprietary data and insights to inform investment strategies, along with custody services to help companies, shareholders, institutions and accredited investors confidently navigate and transact in the private market.
2014
300
LTM Revenue $85.1M
LTM EBITDA -$38.7M
$92.0M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Forge Global has a last 12-month revenue (LTM) of $85.1M and a last 12-month EBITDA of -$38.7M.
In the most recent fiscal year, Forge Global achieved revenue of $79.3M and an EBITDA of -$73.0M.
Forge Global expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Forge Global valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $85.1M | XXX | $79.3M | XXX | XXX | XXX |
| Gross Profit | $85.1M | XXX | -$34.3M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | -43% | XXX | XXX | XXX |
| EBITDA | -$38.7M | XXX | -$73.0M | XXX | XXX | XXX |
| EBITDA Margin | -45% | XXX | -92% | XXX | XXX | XXX |
| EBIT | -$72.2M | XXX | -$82.3M | XXX | XXX | XXX |
| EBIT Margin | -85% | XXX | -104% | XXX | XXX | XXX |
| Net Profit | -$62.1M | XXX | -$66.3M | XXX | XXX | XXX |
| Net Margin | -73% | XXX | -84% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Forge Global's stock price is $14.
Forge Global has current market cap of $171M, and EV of $92.0M.
See Forge Global trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $92.0M | $171M | XXX | XXX | XXX | XXX | $-5.03 |
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Start Free TrialAs of May 30, 2025, Forge Global has market cap of $171M and EV of $92.0M.
Forge Global's trades at 1.2x EV/Revenue multiple, and -1.3x EV/EBITDA.
Equity research analysts estimate Forge Global's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Forge Global has a P/E ratio of -2.8x.
See valuation multiples for Forge Global and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $171M | XXX | $171M | XXX | XXX | XXX |
| EV (current) | $92.0M | XXX | $92.0M | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | -2.4x | XXX | -1.3x | XXX | XXX | XXX |
| EV/EBIT | -1.3x | XXX | -1.1x | XXX | XXX | XXX |
| EV/Gross Profit | 1.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | -2.8x | XXX | -2.6x | XXX | XXX | XXX |
| EV/FCF | -2.9x | XXX | -2.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialForge Global's last 12 month revenue growth is 22%
Forge Global's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Forge Global's rule of 40 is -94% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Forge Global's rule of X is 10% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Forge Global and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 22% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Margin | -45% | XXX | -92% | XXX | XXX | XXX |
| EBITDA Growth | -45% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -94% | XXX | -70% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 10% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 60% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Allfunds Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Change Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Computershare | XXX | XXX | XXX | XXX | XXX | XXX |
| FINEOS | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Forge Global acquired XXX companies to date.
Last acquisition by Forge Global was XXXXXXXX, XXXXX XXXXX XXXXXX . Forge Global acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Forge Global founded? | Forge Global was founded in 2014. |
| Where is Forge Global headquartered? | Forge Global is headquartered in United States of America. |
| How many employees does Forge Global have? | As of today, Forge Global has 300 employees. |
| Who is the CEO of Forge Global? | Forge Global's CEO is Mr. Kelly Rodriques. |
| Is Forge Global publicy listed? | Yes, Forge Global is a public company listed on NYS. |
| What is the stock symbol of Forge Global? | Forge Global trades under FRGE ticker. |
| When did Forge Global go public? | Forge Global went public in 2022. |
| Who are competitors of Forge Global? | Similar companies to Forge Global include e.g. Allfunds Group, Bravura Solutions, Change Financial, Computershare. |
| What is the current market cap of Forge Global? | Forge Global's current market cap is $171M |
| What is the current revenue of Forge Global? | Forge Global's last 12 months revenue is $85.1M. |
| What is the current revenue growth of Forge Global? | Forge Global revenue growth (NTM/LTM) is 22%. |
| What is the current EV/Revenue multiple of Forge Global? | Current revenue multiple of Forge Global is 1.1x. |
| Is Forge Global profitable? | Yes, Forge Global is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Forge Global? | Forge Global's last 12 months EBITDA is -$38.7M. |
| What is Forge Global's EBITDA margin? | Forge Global's last 12 months EBITDA margin is -45%. |
| What is the current EV/EBITDA multiple of Forge Global? | Current EBITDA multiple of Forge Global is -2.4x. |
| What is the current FCF of Forge Global? | Forge Global's last 12 months FCF is -$32.2M. |
| What is Forge Global's FCF margin? | Forge Global's last 12 months FCF margin is -38%. |
| What is the current EV/FCF multiple of Forge Global? | Current FCF multiple of Forge Global is -2.9x. |
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