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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 $83.1M
LTM EBITDA -$39.1M
$29.1M
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 of $83.1M and a last 12-month EBITDA of -$39.1M.
In the most recent fiscal year, Forge Global achieved revenue of $78.7M 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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $69.4M | $78.7M | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | -$81.3M | -$73.0M | XXX | XXX | XXX |
| EBITDA Margin | -117% | -93% | XXX | XXX | XXX |
| Net Profit | -$112M | -$90.2M | XXX | XXX | XXX |
| Net Margin | -161% | -115% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Forge Global's stock price is $10.
Forge Global has current market cap of $121M, and EV of $29.1M.
See Forge Global trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $29.1M | $121M | XXX | XXX | XXX | XXX | $-0.34 |
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Sign UpAs of April 15, 2025, Forge Global has market cap of $121M and EV of $29.1M.
Forge Global's trades at 0.4x LTM EV/Revenue multiple, and -0.7x LTM EBITDA.
Analysts estimate Forge Global's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Forge Global and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $29.1M | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | -0.4x | XXX | XXX | XXX |
| P/E | -1.8x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -0.7x | 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.
Sign UpForge Global's NTM/LTM revenue growth is 22%
Forge Global's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.5M for the same period.
Over next 12 months, Forge Global's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Forge Global's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Forge Global and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -93% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -10% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -71% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.5M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 191% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 205% | XXX | 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 |
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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 |
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Sign Up| 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 $121M |
| What is the current revenue of Forge Global? | Forge Global's last 12-month revenue is $83.1M. |
| What is the current EBITDA of Forge Global? | Forge Global's last 12-month EBITDA is -$39.1M. |
| What is the current EV/Revenue multiple of Forge Global? | Current revenue multiple of Forge Global is 0.4x. |
| What is the current EV/EBITDA multiple of Forge Global? | Current EBITDA multiple of Forge Global is -0.7x. |
| What is the current revenue growth of Forge Global? | Forge Global revenue growth between 2023 and 2024 was 13%. |
| Is Forge Global profitable? | Yes, Forge Global is EBITDA-positive (as of the last 12 months). |
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