What is the 13F Pro Quality Score for FRGE?

13F Pro ranks Forge Global Holdings, Inc. (FRGE) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View FRGE's current score at https://13fpro.ai/research/FRGE (free sign-up required for the full ranking).

Which hedge funds own the most FRGE stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of FRGE include BlackRock,, VANGUARD GROUP, ALLIANCEBERNSTEIN L.P.. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/FRGE as soon as new 13F filings post.

Where does 13F Pro source FRGE data?

All Forge Global Holdings, Inc. fundamentals and ownership data come directly from SEC EDGAR. Forge Global Holdings, Inc. files with the SEC under CIK 1827821. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is FRGE in?

Forge Global Holdings, Inc. (FRGE) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is FRGE research updated on 13F Pro?

FRGE's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Forge Global Holdings, Inc.(FRGE)Stock Analysis

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SEC EDGAR: CIK 1827821 FRGE stock profile & AI dashboard →

13F Pro Quality Score

25.2/100

Rank #2,556 of 2,879 stocks

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

80.0/100

Profitability

9.4/100

Balance Sheet

9.4/100

Earnings Quality

30.0/100

Free Cash Flow

10.2/100

Institutional Flow

2.4/100

Revenue Scale

16.9/100

Dilution Risk

5.4/100

FRGE Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Forge Global Holdings, Inc. (FRGE), a Financials sector company. 13F Pro's AI-powered ranking engine scores FRGE at 25.2/100 on a 32-signal composite quality model, placing it at rank #2,556 of 2,879 stocks — the bottom half of the AI-ranked universe. FRGE scores in the top quartile across revenue growth (80.0). Areas of concern include institutional flow (2.4) and profitability (9.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 5.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2025), Forge Global Holdings, Inc. reports quarterly revenue of $21.3M, net income of $-18.2M, free cash flow of $-11.4M. Top institutional holders of FRGE by reported 13-F value include BlackRock,, VANGUARD GROUP, ALLIANCEBERNSTEIN L.P., based on the most recent SEC filings. FRGE trades on the NYSE exchange and files with the SEC under CIK 1827821. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FRGE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Forge Global Holdings, Inc. directly from SEC EDGAR. Forge Global Holdings, Inc.'s 13F Pro composite quality score has ranged between 8 and 51 since 2023, currently 25.2 — an improving long-term trajectory across 48 quarterly and live scoring snapshots.

✦

Fun facts about Forge Global Holdings, Inc.

Quirks, history, and lore behind FRGE — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial technology company · listed on the NYSE · headquartered in San Francisco · serves both institutional and individual investors.
2
The Numbers
A small-cap firm with annual revenue in the tens of millions of dollars — not a giant, but operating in a market worth trillions.
3
The History
Founded in the 2010s, it went public via a SPAC merger and has been working to bring structure and transparency to a corner of finance that previously ran almost entirely on handshakes.
4
The Secret
It operates a secondary marketplace where shares of companies that are not yet public can be bought and sold — think pre-IPO equity for the rest of us.
5
The Lore
Before platforms like this one existed, getting liquidity on private company stock meant knowing the right people; now accredited investors can trade it like a brokerage account.
6
The Giveaway
Its very name evokes a blacksmith's workshop — because it forges a market for private securities that had no real home before it showed up.

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Revenue

Q3 2025

$21.3M

Net Income

Q3 2025

$-18.2M

Free Cash Flow

Q3 2025

$-11.4M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+13.6% YoY

$79.3MFY 2024

FY20 $51.6MFY22 $69.4MFY23 $69.8MFY24 $79.3M

Net Income

+26.5% YoY

$-66.3MFY 2024

FY20 $-9.7MFY22 $-111.9MFY23 $-90.2MFY24 $-66.3M

Operating Income

+10.0% YoY

$-82.3MFY 2024

FY20 $-7.6MFY22 $-135.0MFY23 $-91.4MFY24 $-82.3M

EPS (Diluted)

+30.8% YoY

$-0.36FY 2024

FY20 $-0.26FY22 $-0.80FY23 $-0.52FY24 $-0.36

Total Assets

-15.2% YoY

$263.5MFY 2024

FY20 $416.3MFY22 $363.7MFY23 $310.7MFY24 $263.5M

Op. Cash Flow

+2.2% YoY

$-40.5MFY 2024

FY20 $-2.5MFY22 $-68.8MFY23 $-41.5MFY24 $-40.5M

Metric	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019
Revenue	$79.3M +13.6%	$69.8M +0.6%	$69.4M +34.3%	$51.6M	—
Net Income	$-66.3M +26.5%	$-90.2M +19.3%	$-111.9M -1051.8%	$-9.7M	—
Operating Income	$-82.3M +10.0%	$-91.4M +32.3%	$-135.0M -1672.9%	$-7.6M	—
EPS (Diluted)	$-0.36 +30.8%	$-0.52 +35.0%	$-0.80 -207.7%	$-0.26	—
Total Assets	$263.5M -15.2%	$310.7M -14.6%	$363.7M -12.6%	$416.3M	—
Operating Cash Flow	$-40.5M +2.2%	$-41.5M +39.7%	$-68.8M -2621.8%	$-2.5M	—

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Available Research

13F Pro tracks comprehensive data for Forge Global Holdings, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of FRGE

BlackRock, Inc.
$36.3M815,409 sh
VANGUARD GROUP INC
$26.1M584,708 sh
ALLIANCEBERNSTEIN L.P.
$16.4M368,124 sh
First Trust Capital Management L.P.
$13.7M307,802 sh
FIL Ltd
$13.4M300,000 sh
HSBC HOLDINGS PLC
$12.6M282,696 sh
Qube Research & Technologies Ltd
$12.3M276,460 sh
AWM Investment Company, Inc.
$11.8M264,179 sh
GEODE CAPITAL MANAGEMENT, LLC
$10.3M230,891 sh
RENAISSANCE TECHNOLOGIES LLC
$10.1M226,079 sh

Fund	Value	Shares
BlackRock, Inc.	$36.3M	815,409
VANGUARD GROUP INC	$26.1M	584,708
ALLIANCEBERNSTEIN L.P.	$16.4M	368,124
First Trust Capital Management L.P.	$13.7M	307,802
FIL Ltd	$13.4M	300,000
HSBC HOLDINGS PLC	$12.6M	282,696
Qube Research & Technologies Ltd	$12.3M	276,460
AWM Investment Company, Inc.	$11.8M	264,179
GEODE CAPITAL MANAGEMENT, LLC	$10.3M	230,891
RENAISSANCE TECHNOLOGIES LLC	$10.1M	226,079

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Is FRGE a good stock to buy?

13F Pro's AI-powered analysis of Forge Global Holdings, Inc. (FRGE) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FRGE are available on the FRGE stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own FRGE?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FRGE. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Forge Global Holdings, Inc.'s investment landscape.