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Forge Innovation Development(OTC) FGNV

Market Cap$55.40KMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2018)-100%
5 Year-100%
1 Year-99%
1 Month-95%
$0.00
-89.00%
-0.01Today
Forge Innovation Development last closing stock price
MetricPriceDate
Last closeUSD 0.002026-07-17
Forge Innovation Development stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-95.13%USD 0.022026-06-03
1 month-95.13%USD 0.022026-06-03
3 month-90.09%USD 0.012025-11-24
Year to date-90.09%USD 0.012025-11-24
1 year-98.9%USD 0.102025-07-16
3 year-99.85%USD 0.752023-07-12
5 year-99.97%USD 3.352021-07-13
Since inception-99.56%USD 0.252018-09-25

Forge Innovation Development Financials at a Glance

Market Cap

$55.40KMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$562.32K

Net Income (TTM)

-$1.08M

EPS (TTM)

-$0.02

P/E Ratio

-0.05

Dividend

$0.00

Beta (Volatility)

0.93 (Low)

Price

$0.00

Volume

19,480

Open

$0.01

Previous Close

$0.00

Daily Range

$0.00 - $0.01

52-Week Range

$0.00 - $0.10

Estimated Earnings Date

May 18, 2026

FGNV News

No articles available.

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About Forge Innovation Development

Forge helps businesses and property owners manage, rent, and develop real estate. It also buys and sells land for commercial and residential use. Most income comes from renting out a shopping center in California.

Products and Services

  • Rental Operations: Leasing commercial space, mainly Mission Marketplace (approximately 93.8% of Q2 2025 revenue), to local businesses and retailers.
  • Property Management: Managing properties for related companies, handling rent, maintenance, and tenant needs (6.2% of Q2 2025 revenue).
  • Real Estate Development: Buying, improving, and selling land for commercial and residential projects (no material revenue in Q2 2025).
  • Consulting Services: Providing property management advice to related parties (minor revenue contribution).
  • Online Retail: Operating an online store, but with no significant income reported.

Growth and Expansion

  • Acquired 51% of Legend LP (Mission Marketplace) in March 2023, expanding commercial real estate holdings.
  • Refinanced Mission Marketplace mortgage with GBC International Bank in April 2024, securing a $5 million loan.
  • Signed ongoing property management contracts with related parties, including Glory Investment International and University Campus Hotel LP.
  • Expanded focus on Southern California real estate since 2016 incorporation.

What Makes Forge Stand Out

Forge combines land development, property management, and rental operations under one roof. Its main asset is a grocery-anchored shopping center, providing steady rental income. The company relies on close relationships with related parties for contracts and financing.

Five Things You Need to Know

  • Q2 2025 revenue was $193,275, up 9.9% from Q2 2024.
  • Rental income made up 93% of Q2 2025 revenue.
  • Net loss improved to $-61,261 in Q2 2025, up 89.6% year-over-year.
  • Operating cash flow turned positive at $70,140 for the first half of 2025.
  • Top two customers accounted for 54% of Q2 2025 revenue, showing high concentration risk.

Bottom Line

Forge has shifted from pure development to focus on rental income and property management. The company’s future depends on managing financial risks and leveraging its core real estate asset.

AI Generated • Apr 16, 2026

Industry

Real Estate Management and Development

Employees

1

CEO

Patrick Liang

Headquarters

Jurupa Valley, CA 92509, US

FGNV Financials

Key Financial Metrics (TTM)

Gross Margin

88.35%

Operating Margin

-42.17%

Net Income Margin

-270.21%

Return on Equity

-170.43%

Return on Capital

-16.78%

Return on Assets

-288.25%

Earnings Yield

-20.00%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$55.40KMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

50.39M

Volume

19.48K

Avg. Volume

381.032

Financials (TTM)

Gross Profit

$501.92K

Operating Income

-$158.09K

EBITDA

$89.57K

Operating Cash Flow

$43.15K

Capital Expenditure

-$67.69K

Free Cash Flow

-$24.54K

Cash & ST Invst.

$0.00

Total Debt

$35.80K

Forge Innovation Development Performance Analysis

Forge Innovation Development annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20212021-12-31USD 36,000N/A
20222022-12-31USD 122,604240.6%
20232023-12-31USD 438,474257.6%
20242024-12-31USD 668,33952.4%
Forge Innovation Development sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-12-31-0.3%
Q12025-03-31-1.5%
Q22025-06-3010.3%
Q32025-09-30-91.7%
Forge Innovation Development annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20212021-12-31USD -0.01N/A
20222022-12-31USD -0.00-86.2%
20232023-12-31USD -0.022262.5%
20242024-12-31USD -0.0333.3%
Forge Innovation Development sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-12-3141.7%
Q12025-03-31-242.9%
Q22025-06-3050.0%
Q32025-09-30-1316.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q3 2025YOY CHG

Revenue

$16.00K

-91.0%

Gross Profit

$10.50K

-92.2%

Gross Margin

65.60%

N/A

Market Cap

$55.40KMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$55.40K

N/A

Employees

1

N/A

Net Income

-$856.85K

-1341.1%

EBITDA

$5.78K

-91.3%

Quarterly Fundamentals

Name
Q3 2025YOY CHG

Total Cash

$0.00

-100.0%

Total Debt

$35.80K

-99.3%

Accounts Receivable

$125.50K

-3.0%

Inventory

$0.00

N/A

Long Term Debt

$26.71K

-99.5%

Short Term Debt

$9.09K

-98.1%

Return on Assets

-2.88%

N/A

Return on Invested Capital

-3.63%

N/A

Free Cash Flow

-$76.09K

-187.1%

Operating Cash Flow

-$76.09K

-361.1%

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Questions About FGNV

What is the current price of Forge Innovation Development?

Forge Innovation Development is trading at $0.00 per share.

What is the 52-week range for Forge Innovation Development?

Over the past 52 weeks, Forge Innovation Development has traded between $0.00 and $0.10.

How much debt does Forge Innovation Development have?

As of the most recent reporting period, Forge Innovation Development reported total debt of $35.80K.

How much cash does Forge Innovation Development have on hand?

Forge Innovation Development reported $0.00 in cash and cash equivalents in its most recent financial results.

What is Forge Innovation Development’s dividend yield?

Forge Innovation Development does not currently have a dividend yield.

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