Forge(FRGE)2025-05-07 11:03Revenue Performance - Estimated total revenues less transaction-based expenses for Q1 2025 are projected to be between $24.9 million and $25.1 million, marking the highest revenue quarter as a public company, up from $18.3 million in the prior quarter [7]. - Estimated marketplace revenue less transaction-based expenses is between $15.7 million and $15.8 million, an increase from $8.4 million in the previous quarter [7]. - Trading volume surged by 132% to $692.5 million in Q1 2025, compared to $299 million in the prior quarter [7]. Financial Losses - Estimated net loss for Q1 2025 is between ($16.2) million and ($16.7) million, with an Adjusted EBITDA loss estimated between ($8.9) million and ($9.3) million [4]. Cash and Investments - Cash and cash equivalents and short-term investments decreased to $93.1 million as of March 31, 2025, down from $106.2 million at December 31, 2024 [5]. Custodial Accounts and Assets - Total custodial accounts increased to 2,508,388 as of March 31, 2025, up from 2,376,099 at the end of the previous quarter [9]. - Total assets under custody reached $17.635 billion, an increase from $16.897 billion at December 31, 2024 [9]. Net Take Rate - The net take rate for Q1 2025 is estimated at 2.3%, a decline from 2.8% in the prior quarter [9]. Future Reporting - Forge plans to report complete financial results for Q1 2025 during its quarterly earnings conference call scheduled for May 7, 2025 [8]. Technology Investments - Forge continues to invest in fully automated marketplace technology and proprietary data distribution, as evidenced by its partnership with Yahoo Finance [3].