FORGE GLOBAL HOLDINGS INC (FRGE) Stock Fundamental Analysis

NYSE:FRGE • US34629L2025

44.62 USD
+0.08 (+0.18%)
At close: Feb 20, 2026
44.62 USD
0 (0%)
After Hours: 2/20/2026, 5:36:15 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

FRGE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. FRGE scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FRGE is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • FRGE had negative earnings in the past year.
  • FRGE had a negative operating cash flow in the past year.
  • FRGE had negative earnings in each of the past 5 years.
  • FRGE had negative operating cash flow in 4 of the past 5 years.
FRGE Yearly Net Income VS EBIT VS OCF VS FCFFRGE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 -20M -40M -60M -80M -100M

1.2 Ratios

  • The Return On Assets of FRGE (-24.85%) is worse than 90.30% of its industry peers.
  • FRGE has a Return On Equity of -30.90%. This is amonst the worse of the industry: FRGE underperforms 82.70% of its industry peers.
Industry RankSector Rank
ROA -24.85%
ROE -30.9%
ROIC N/A
ROA(3y)-28.68%
ROA(5y)-19.39%
ROE(3y)-33.39%
ROE(5y)-23.24%
ROIC(3y)N/A
ROIC(5y)N/A
FRGE Yearly ROA, ROE, ROICFRGE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 -10 -20 -30

1.3 Margins

  • FRGE has a better Gross Margin (98.98%) than 99.58% of its industry peers.
  • In the last couple of years the Gross Margin of FRGE has remained more or less at the same level.
  • FRGE does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 98.98%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.53%
GM growth 5YN/A
FRGE Yearly Profit, Operating, Gross MarginsFRGE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 50 -50 -100 -150

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The number of shares outstanding for FRGE has been increased compared to 1 year ago.
  • FRGE has a worse debt/assets ratio than last year.
FRGE Yearly Shares OutstandingFRGE Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
FRGE Yearly Total Debt VS Total AssetsFRGE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • An Altman-Z score of 4.98 indicates that FRGE is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 4.98, FRGE belongs to the best of the industry, outperforming 85.23% of the companies in the same industry.
  • A Debt/Equity ratio of 0.05 indicates that FRGE is not too dependend on debt financing.
  • FRGE has a Debt to Equity ratio of 0.05. This is amongst the best in the industry. FRGE outperforms 80.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF N/A
Altman-Z 4.98
ROIC/WACCN/A
WACCN/A
FRGE Yearly LT Debt VS Equity VS FCFFRGE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

  • FRGE has a Current Ratio of 2.55. This indicates that FRGE is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 2.55, FRGE is in the better half of the industry, outperforming 79.32% of the companies in the same industry.
  • FRGE has a Quick Ratio of 2.55. This indicates that FRGE is financially healthy and has no problem in meeting its short term obligations.
  • FRGE has a Quick ratio of 2.55. This is in the better half of the industry: FRGE outperforms 79.32% of its industry peers.
Industry RankSector Rank
Current Ratio 2.55
Quick Ratio 2.55
FRGE Yearly Current Assets VS Current LiabilitesFRGE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 19.38% over the past year.
  • The Revenue has grown by 16.40% in the past year. This is quite good.
  • FRGE shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -14.76% yearly.
EPS 1Y (TTM)19.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%8.67%
Revenue 1Y (TTM)16.4%
Revenue growth 3Y-14.76%
Revenue growth 5YN/A
Sales Q2Q%10.64%

3.2 Future

  • The Earnings Per Share is expected to grow by 23.11% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, FRGE will show a very strong growth in Revenue. The Revenue will grow by 21.12% on average per year.
EPS Next Y26.33%
EPS Next 2Y25.22%
EPS Next 3Y23.11%
EPS Next 5YN/A
Revenue Next Year27.08%
Revenue Next 2Y25.57%
Revenue Next 3Y21.12%
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FRGE Yearly Revenue VS EstimatesFRGE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M
FRGE Yearly EPS VS EstimatesFRGE Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 -2 -4 -6 -8 -10

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for FRGE. In the last year negative earnings were reported.
  • Also next year FRGE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FRGE Price Earnings VS Forward Price EarningsFRGE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
FRGE Per share dataFRGE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

4.3 Compensation for Growth

  • FRGE's earnings are expected to grow with 23.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.22%
EPS Next 3Y23.11%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • FRGE does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

FORGE GLOBAL HOLDINGS INC

NYSE:FRGE (2/20/2026, 5:36:15 PM)

After market: 44.62 0 (0%)

44.62

+0.08 (+0.18%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)11-13
Earnings (Next)03-03
Inst Owners37.42%
Inst Owner Change15.93%
Ins Owners5.09%
Ins Owner Change-0.35%
Market Cap613.97M
Revenue(TTM)92.88M
Net Income(TTM)-62.62M
Analysts48.89
Price Target45.9 (2.87%)
Short Float %5.5%
Short Ratio2.79
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-21.34%
Min EPS beat(2)-30.72%
Max EPS beat(2)-11.97%
EPS beat(4)2
Avg EPS beat(4)-6.63%
Min EPS beat(4)-30.72%
Max EPS beat(4)12.04%
EPS beat(8)4
Avg EPS beat(8)-4.23%
EPS beat(12)5
Avg EPS beat(12)-3.59%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)7.35%
Min Revenue beat(2)-13.14%
Max Revenue beat(2)27.84%
Revenue beat(4)2
Avg Revenue beat(4)2.06%
Min Revenue beat(4)-13.14%
Max Revenue beat(4)27.84%
Revenue beat(8)3
Avg Revenue beat(8)-0.84%
Revenue beat(12)4
Avg Revenue beat(12)-2.31%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-10%
PT rev (3m)16.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.12%
EPS NY rev (1m)0%
EPS NY rev (3m)9.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.28%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 6.61
P/FCF N/A
P/OCF N/A
P/B 3.03
P/tB 13.83
EV/EBITDA N/A
EPS(TTM)-5.2
EYN/A
EPS(NY)-2.33
Fwd EYN/A
FCF(TTM)-2.93
FCFYN/A
OCF(TTM)-2.9
OCFYN/A
SpS6.75
BVpS14.73
TBVpS3.23
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -24.85%
ROE -30.9%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 98.98%
FCFM N/A
ROA(3y)-28.68%
ROA(5y)-19.39%
ROE(3y)-33.39%
ROE(5y)-23.24%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.53%
GM growth 5YN/A
F-Score4
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 11.45%
Cap/Sales 0.48%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.55
Quick Ratio 2.55
Altman-Z 4.98
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)44.73%
Cap/Depr(5y)48.56%
Cap/Sales(3y)3.9%
Cap/Sales(5y)3.3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)19.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%8.67%
EPS Next Y26.33%
EPS Next 2Y25.22%
EPS Next 3Y23.11%
EPS Next 5YN/A
Revenue 1Y (TTM)16.4%
Revenue growth 3Y-14.76%
Revenue growth 5YN/A
Sales Q2Q%10.64%
Revenue Next Year27.08%
Revenue Next 2Y25.57%
Revenue Next 3Y21.12%
Revenue Next 5YN/A
EBIT growth 1Y24.58%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year67.38%
EBIT Next 3Y28.3%
EBIT Next 5YN/A
FCF growth 1Y12.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y9.27%
OCF growth 3YN/A
OCF growth 5YN/A

FORGE GLOBAL HOLDINGS INC / FRGE FAQ

Can you provide the ChartMill fundamental rating for FORGE GLOBAL HOLDINGS INC?

ChartMill assigns a fundamental rating of 3 / 10 to FRGE.


What is the valuation status of FORGE GLOBAL HOLDINGS INC (FRGE) stock?

ChartMill assigns a valuation rating of 1 / 10 to FORGE GLOBAL HOLDINGS INC (FRGE). This can be considered as Overvalued.


How profitable is FORGE GLOBAL HOLDINGS INC (FRGE) stock?

FORGE GLOBAL HOLDINGS INC (FRGE) has a profitability rating of 1 / 10.


What is the expected EPS growth for FORGE GLOBAL HOLDINGS INC (FRGE) stock?

The Earnings per Share (EPS) of FORGE GLOBAL HOLDINGS INC (FRGE) is expected to grow by 26.33% in the next year.