Forge Global Holdings Inc 2025年季度报告

OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Forge Global Holdings, Inc. (Exact name of registrant as specified in its charter) (I.R.S. Employer Identification No.) San Francisco,CA94111(Address of principal executive offices, including zip code)(415)881-1612(Registrant's telephone number, including area code)Securities registered pursuant to Section 12(b) of the Act: Title of each class requirements for the past 90 days.Yes☒No☐ Yes☒No☐ Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒ Unless the context otherwise requires, references in this Quarterly Report on Form 10-Q (this "Report") to “Forge,” the“Company,” “us,” “we,” “our,” and any related terms are intended to mean Forge Global Holdings, Inc. and its consolidated “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,”“potential,” “predict,” “project,” “should,” “will,” “would,” and similar expressions may identify forward-looking statements, but the for example, statements about our ability to:•effectively respond to general macroeconomic and business conditions;•execute our business strategy, including monetization of services provided;•anticipate the uncertainties inherent in the development of new business lines, strategies, products, and services;•anticipate rapid technological changes and competitive threats;•respond to uncertainties associated with product and service development and market acceptance; •enhance future operating and financial results;•respond to fluctuations in interest rates and foreign currency exchange rates;•finance operations on an economically viable basis; •stay abreast of modified or new laws and regulations that would apply to our business;•manage cybersecurity and technology risk management processes, including incident management processes;•upgrade and maintain information technology systems; •maintain disaster recovery and business continuity planning controls;•manage vendor and third party processes;•adequately support data governance and data privacy controls related to personal information and consumer data;•maintain the listing of our securities on the NYSE or another national securities exchange;•anticipate the impact of, and response to, new accounting standards; You should not rely upon forward-looking statements as predictions of future events. We have based the forward-lookingstatements contained in this Report primarily on our current expectations and projections about future events and trends that we Factors” and elsewhere in this Report. Moreover, we operate in a very competitive and rapidly changing environment. New risks anduncertainties emerge from time to time and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this Report. We cannot assure you that the results, events, and circumstances reflected inthe forward-looking statements will be achieved or occur, and actual results, events, or circumstances could differ materially fromthose described in the forward-looking statements.Neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking Part I- Financial Information Issuance of commonstock upon release of(*)— stock upon exercise ofvested options exercised stock optionsVesting of early awardsStock-based Net loss————(18,624)—(370)(18,994)Foreign-currencytranslation adjustment—————(146)(109)Balance as of March31, 202412,001$1$(625)$551,291$(299,262)$765$4,427$256,597 The accompanying notes are an integral part of these unaudited condensed consolidated financial 8 (In thousands of U.S. dollars)Three Months Ended March 31, Cash flows from operating activities: Adjustments to reconcile net loss to net cash used in operations:Share-based compensation6,519Depreciation and amortization941Amortization of right-of-use assets613Impairment of right-of-use assets—Allowance for doubtful accounts170Change in fair value of warrant liabilities(191) Accrued compensation and benefitsOperating lease liabilities Cash flows from investing activities:Purchases of investments and term deposits(22,012)Maturities of term deposits534Purchases of property and equipment(51)Net cash used in investing activities(21,529) Net decrease in cash and cash equivalents Cash, cash equivalents and restricted cash, beginning of the period Reconciliation of cash, cash equivalents and restricted cash to the amounts reported within theconsolidated balance sheetsCash and cash equivalents$70,472$Restricted cash1,127 9 Vesting of early exercised stock options and restricted stock awards18Purchase of property and equipment accrued and not yet paid— The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 10 FORGE GLOBAL