Forge Global Holdings, Inc. (FRGE)

Forge Global Holdings, Inc.'s stock surged, increasing 578% from its low a year ago, but analysts issued a consensus "Hold" rating. The acquisition of Forge Global by Charles Schwab for $660 million was approved in January 2026 and completed in November 2025. Forge Global reported its best revenue quarter in Q1 2025, with total revenue less transaction-based expenses reaching $25.1 million, and in Q2 2025, total revenues less transaction-based expenses increased 10% quarter-over-quarter to $27.6 million. The company launched its Next Generation Marketplace in June 2025.

There is no explicit information indicating strong demand seasonality for Forge Global Holdings, Inc.'s products and services. Demand is more influenced by broader market dynamics and economic conditions, such as interest rates and overall health within the private market.

Forge Global Holdings, Inc. operates as a financial services platform focused on the private market, offering marketplace solutions, private company solutions, asset management solutions, data solutions, and custody solutions. The company was founded in 2014 and is headquartered in San Francisco, California.

Forge Global Holdings, Inc. is headquartered in San Francisco, California, and has a presence in Europe through its Forge Europe subsidiary, which became a Registered Auction Agent on the London Stock Exchange private market in December 2025.

Forge Global Holdings has enhanced its brand reputation through strategic partnerships with Yahoo Finance and Intercontinental Exchange (ICE) to distribute its pricing data. Forge partnered with Fortune Media to launch a new series dedicated to the private market. The launch of its "Next Generation Marketplace" and the acquisition by Charles Schwab also contributed positively to its reputation. Forge Global was also selected as the liquidating trustee for Linqto customer assets in January 2026.

Forge Global Holdings, Inc. has 155 institutional owners and shareholders, holding 5,813,304 shares. Motive Capital Management, LLC is the largest single institutional shareholder, followed by Deutsche Börse AG. BlackRock, Inc. holds approximately 4.82% of the shares. Individual investors constitute the largest single group of shareholders, and executive officers and board members also hold shares.