FRGE · As filed with the SEC

Forge Global Holdings cash flow statement, by quarter

The statement as Forge Global Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Unaudited Condensed Consolidated Statements of Cash Flows · USD thousands

USD thousands	Q3 2025^† 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024
Net loss	(18,210)^†	(12,439)^†	(16,198)	(15,965)^†
Adjustments to reconcile net loss to net cash used in operations:
Share-based compensation	5,017^†	3,436^†	6,519	5,541^†
Depreciation and amortization	895^†	746^†	941	1,313^†
Amortization of right-of-use assets	420^†	509^†	613	679^†
Impairment of right-of-use assets	—	—	0	—
Loss on impairment of long lived assets	0^†	—	—	866^†
Allowance for doubtful accounts	22^†	99^†	170	(12)^†
Change in fair value of warrant liabilities	(182)^†	294^†	(191)	(1,765)^†
Other	4^†	(6)^†	4	0^†
Changes in operating assets and liabilities:
Accounts receivable	(1,070)^†	(2,365)^†	(1,317)	262^†
Prepaid expenses and other assets	1,482^†	(1,523)^†	506	839^†
Accounts payable	(699)^†	363^†	461	342^†
Accrued expenses and other liabilities	(1,514)^†	100^†	396	(1,336)^†
Accrued compensation and benefits	1,272^†	4,004^†	(3,833)	2,124^†
Operating lease liabilities	(829)^†	(990)^†	(904)	(788)^†
Net cash used in operating activities	(11,354)^†	(7,772)^†	(12,833)	(7,900)^†
Cash flows from investing activities:
Receipts of term deposit maturities	—	—	—	0^†
Maturity of investments and term deposits	17,504^†	—	—	—
Purchases of investments and term deposits	(18,857)^†	(19,397)^†	(22,012)	—
Maturities of term deposits	—	—	534	—
Purchases of property and equipment	(47)^†	(100)^†	(51)	0^†
Purchases of term deposit	—	—	—	0^†
Capitalized internal-use software development costs	—	—	—	(248)^†
Net cash (used in) provided by investing activities	(10,607)^†	(4,824)^†	(21,529)	(248)^†
Cash flows from financing activities:
Proceeds from exercise of options	87^†	47^†	26	55^†
Taxes withheld and paid related to net share settlement of equity awards	(212)^†	(170)^†	(679)	(576)^†
Share buyback	0^†	—	—	—
Cash paid for fractional shares related to stock split	0^†	—	—	—
Net cash used in financing activities	(125)^†	(4,266)^†	(653)	(521)^†
Effect of changes in currency exchange rates on cash and cash equivalents	82^†	711^†	358	(632)^†
Net decrease in cash and cash equivalents	(22,004)^†	(16,151)^†	(34,657)	(9,301)^†
Cash, cash equivalents and restricted cash, beginning of the period	55,448	71,599	106,256	115,557
Cash, cash equivalents and restricted cash, end of the period	33,444	55,448	71,599	106,256
Supplemental disclosures of cash flow information:
Cash paid for taxes	0^†	—	—	394^†
Supplemental disclosure of non-cash investing and financing activities:
Lease liabilities arising from obtaining right-of-use assets	102^†	0^†	0	0^†
Vesting of early exercised stock options and restricted stock awards	17^†	16^†	18	37^†
Purchase of property and equipment accrued and not yet paid	—	0^†	0	—
Capitalized internal-use software development costs accrued and not yet paid	—	—	—	(61)^†
Common stock issued in connection with Accuidity acquisition	0^†	—	—	—

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.