Forge Global Holdings Inc

NYSE:FRGEUnited States

Nov 6, 2024

Show headlines and story abstract

• -- Earnings Flash (FRGE) FORGE GLOBAL Posts Q3 Revenue $19.2M, from 4:11PM ET on Wednesday Nov 06, 2024 by MT Newswires

  4:11PM ET on Wednesday Nov 06, 2024 by MT Newswires
  Companies Mentioned: FRGE
  04:11 PM EST, 11/06/2024 (MT Newswires) -- ...

• Forge Global Holdings, Inc. Reports Third Quarter Fiscal Year 2024 Results, from 4:10PM ET on Wednesday Nov 06, 2024 by Dow Jones

  4:10PM ET on Wednesday Nov 06, 2024 by Dow Jones
  Companies Mentioned: FRGE
  from the commission we charged on such transactions (less transaction-based expenses), which is a determining factor in our revenue. The Net Take Rate can vary based upon the service or product offering and is also affected by the average order size and transaction frequency. As of --------------------------------------------------------- Dollars in thousands September 30, 2024 June 30, 2024 September 30, 2023 ------------------- --------------- ------------------- CUSTODY SOLUTIONS --------------- Total Custodial Accounts 2,281,976 2,211,108 2,023,756 Assets Under Custody $ 16,620,450 $ 16,600,408 $ 15,148,480 -- Total Custodial Accounts are defined as our customers' custodial accounts that are established on our platform and billable. These relate to our Custodial Administration fees revenue stream and are an important measure of our business as the number of Total Custodial Accounts is an indicator of our future revenues from certain account maintenance, transaction and cash administration fees. -- Assets Under Custody is the reported value of all client holdings held under our agreements, including cash submitted to us by the responsible party. These assets can be held at various financial institutions, issuers and in our vault. As the custodian of the accounts, we collect all interest and dividends, handle all fees and transactions, and any other considerations for the assets concerned. Our fees are earned from the overall maintenance activities of all assets and are not charged on the basis of the dollar value of Assets Under Custody, but we believe that Assets Under Custody is a useful metric for assessing the relative size and scope of our business.
  

• Press Release: Forge Global Holdings, Inc. Reports Third Quarter Fiscal Year 2024 Results, from 4:10PM ET on Wednesday Nov 06, 2024 by Dow Jones

  4:10PM ET on Wednesday Nov 06, 2024 by Dow Jones
  Companies Mentioned: FRGE
  from the commission we charged on such transactions (less transaction-based expenses), which is a determining factor in our revenue. The Net Take Rate can vary based upon the service or product offering and is also affected by the average order size and transaction frequency. As of --------------------------------------------------------- Dollars in thousands September 30, 2024 June 30, 2024 September 30, 2023 ------------------- --------------- ------------------- CUSTODY SOLUTIONS --------------- Total Custodial Accounts 2,281,976 2,211,108 2,023,756 Assets Under Custody $ 16,620,450 $ 16,600,408 $ 15,148,480 -- Total Custodial Accounts are defined as our customers' custodial accounts that are established on our platform and billable. These relate to our Custodial Administration fees revenue stream and are an important measure of our business as the number of Total Custodial Accounts is an indicator of our future revenues from certain account maintenance, transaction and cash administration fees. -- Assets Under Custody is the reported value of all client holdings held under our agreements, including cash submitted to us by the responsible party. These assets can be held at various financial institutions, issuers and in our vault. As the custodian of the accounts, we collect all interest and dividends, handle all fees and transactions, and any other considerations for the assets concerned. Our fees are earned from the overall maintenance activities of all assets and are not charged on the basis of the dollar value of Assets Under Custody, but we believe that Assets Under Custody is a useful metric for assessing the relative size and scope of our business.