Forge Global Holdings (Forge Global Holdings) EBIT : $-93.49 Mil (TTM As of Mar. 2024)

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What is Forge Global Holdings EBIT?

Forge Global Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-25.01 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-93.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forge Global Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -61.40%. Forge Global Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -908.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forge Global Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -47.26%.

Forge Global Holdings EBIT Historical Data

The historical data trend for Forge Global Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Forge Global Holdings EBIT Chart

Forge Global Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-14.97

-4.33

-8.91

-129.93

-91.45

Forge Global Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial											-22.97	-22.55	-21.51	-24.42	-25.01

Competitive Comparison of Forge Global Holdings's EBIT

For the Software - Application subindustry, Forge Global Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Forge Global Holdings's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Forge Global Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Forge Global Holdings's EV-to-EBIT falls into.

Forge Global Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-93.49 Mil.

Forge Global Holdings (NYSE:FRGE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Forge Global Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-100.04 * ( 1 - -1.15% )	/	( (165.363	+	164.244)	/ 2 )
=	-101.19046	/	164.8035
=	-61.40 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	310.731	-	6.476	-	( 152.416	-	max(0, 24.212	-	163.104	+	152.416	))
=	165.363

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	298.677	-	9.918	-	( 137.227	-	max(0, 24.137	-	148.652	+	137.227	))
=	164.244

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Forge Global Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-100.04	/	( ( (9.5 + max(-11.008, 0))	+	(12.525 + max(-9.79, 0)) )	/	2 )
=	-100.04	/	( ( 9.5	+	12.525 )	/	2 )
=	-100.04	/	11.0125
=	-908.42 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.067	+	0	+	6.621)	-	(6.476	+	0	+	15.22)
=	-11.008

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.553	+	0	+	5.872)	-	(9.918	+	0	+	11.297)
=	-9.79

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Forge Global Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-93.491	/	197.821
	=	-47.26 %

Forge Global Holdings EBIT Related Terms

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Forge Global Holdings (Forge Global Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Forge Global Holdings Inc (NYSE:FRGE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

415 Mission Street, Suite 5510, San Francisco, CA, USA, 94105

Website

https://www.forgeglobal.com

Forge Global Holdings Inc is a financial service platform created to serve the unique needs of the private market. It provides marketplace infrastructure, data services, and technology solutions for private market participants. The Company offers a trusted trading platform, proprietary data and insights to inform investment strategies, along with custody services to help companies, shareholders, institutions and accredited investors confidently navigate and transact in the private market.

Executives

Kelly Rodriques	director, officer: Chief Executive Officer	415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Kimberley H Vogel	director	63 CONSTITUTION DRIVE, CHICO CA 95973
Christoph Hansmeyer	director	415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Johnathan H Short	officer: Chief Legal Officer	2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Asiff S Hirji	director	250 FAIR OAKS STREET, SAN FRANCISCO CA 94110
Herbert James H. Ii	director	1230 AVENUE OF THE AMERICAS, 2ND FLOOR, NEW YORK NY 10020
Ashwin Kumar	director	415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Stephen J. George	director	415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Jose Cobos	officer: Chief Operating Officer	415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Borse Ag Deutsche	10 percent owner
Mark P Lee	officer: Chief Financial Officer	415 MISSION ST, SUITE 5510, SAN FRANCISCO CA 94105
Steven J. Mclaughlin	director	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Kristy Trieste	director, officer: CFO and Director	C/O MOTIVE CAPITAL, 250 GREENWICH STREET, FLOOR 47, NEW YORK NY 10007
Motive Capital Funds Sponsor, Llc	10 percent owner	7 WORLD TRADE CENTER, 250 GREENWICH STREET, FLOOR 47, NEW YORK NY 10007
Stephen C. Daffron	director	C/O THE DUN & BRADSTREET CORPORATION, 103 JOHN F. KENNEDY PARKWAY, SHORT HILLS NJ 07078-2708