• Income Statement
• Balance Sheet
• Cash Flow
• Ratios
• Market Data
• Valuation

	FORGE INNOVATION DEVELOPMENT CORP. (FGNV)
	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014	Q1-CY2014	Q4-CY2013
Balance Sheet Date		2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31											2021-Mar-31	2020-Dec-31	2020-Sep-30	2020-Jun-30	2020-Mar-31	2019-Dec-31	2019-Sep-30	2019-Jun-30	2019-Mar-31	2018-Dec-31	2018-Sep-30	2018-Jun-30	2018-Mar-31	2017-Dec-31	2017-Sep-30
Fiscal Period		Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023											Q1-FY2021	Q4-FY2020	Q3-FY2020	Q2-FY2020	Q1-FY2020	Q4-FY2019	Q3-FY2019	Q2-FY2019	Q1-FY2019	Q4-FY2018	Q3-FY2018	Q2-FY2018	Q1-FY2018	Q4-FY2017	Q3-FY2017
Close Price of Common Stock
Market Cap of Common Stock
QoQ%
YoY%
Common Shares Outstanding	50,389,011	50,389,011	50,389,011	50,389,011	50,389,011	50,389,011	50,389,011	50,389,011	50,389,011	50,389,011	50,389,011	47,589,011	45,621,868				45,621,868		45,621,868	45,621,868	45,621,868	45,621,868	45,621,868	45,621,868	45,621,868	45,621,868	45,621,868	45,621,868	45,621,868	45,621,868	45,621,868	57,621,868	57,621,868	57,771,868	57,353,425	57,353,425	56,471,378	15,403,751
QoQ%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	5.88%	4.31%							.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	(20.83%)	.00%	(.26%)	.73%	.00%	1.56%	266.61%
YoY%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	5.88%	10.45%				.00%				.00%		.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	(20.83%)	(20.83%)	(21.03%)	(20.46%)	.47%	2.04%	275.05%
Price to Sales
Price to Earnings
Price to Book
Total Revenue		16,000$	193,275$	175,200$	177,841$	178,380$	175,899$	136,219$	127,704$	132,760$	133,010$	45,000$								9,000$	9,000$	9,000$	9,000$	9,000$	9,000$	9,000$	9,000$	9,000$	9,000$	9,000$	9,000$	9,000$	9,000$	6,000$
QoQ%		(91.72%)	10.32%	(1.49%)	(.30%)	1.41%	29.13%	6.67%	(3.81%)	(.19%)	195.58%									.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	50.00%
YoY%		(91.03%)	9.88%	28.62%	39.26%	34.36%	32.25%	202.71%												.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	50.00%
TTM		562,316$	724,696$	707,320$	668,339$	618,202$	572,582$	529,693$	438,474$											36,000$	36,000$	36,000$	36,000$	36,000$	36,000$	36,000$	36,000$	36,000$	36,000$	36,000$	33,000$
TTM_QoQ%		(22.41%)	2.46%	5.83%	8.11%	7.97%	8.10%	20.80%												.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	9.09%
TTM_YoY%		(9.04%)	26.57%	33.53%	52.42%															.00%	.00%	.00%	.00%	.00%	.00%	.00%	9.09%
Gross Margin		100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%								100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
QoQ		.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%									.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%
YoY		.00%	.00%	.00%	.00%	.00%	.00%	.00%												.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%
Operating Income
QoQ%
YoY%
TTM
TTM_QoQ%
TTM_YoY%
Operating Margin
QoQ
YoY
Net Income		(856,852$)	(121,359$)	(222,109$)	(85,315$)	(105,518$)	(689,371$)	(680,209$)	(667,164$)	(665,605$)	(389,129$)	471,656$								(54,562$)	(80,022$)	(86,733$)	(77,251$)	(76,123$)	(76,164$)	(68,641$)	(70,164$)	(68,419$)	(76,018$)	(107,650$)	(94,609$)	(47,776$)	(21,160$)	(80,316$)	(106,773$)	(95,892$)	(60,467$)	(1,510$)
QoQ%		(606.05%)	45.36%	(160.34%)	19.15%	84.69%	(1.35%)	(1.96%)	(.23%)	(71.05%)	(182.50%)									31.82%	7.74%	(12.27%)	(1.48%)	.05%	(10.96%)	2.17%	(2.55%)	10.00%	29.38%	(13.78%)	(98.03%)	(125.78%)	73.65%	24.78%	(11.35%)	(58.59%)	(3,904.44%)
YoY%		(712.04%)	82.40%	67.35%	87.21%	84.15%	(77.16%)	(244.22%)												28.32%	(5.07%)	(26.36%)	(10.10%)	(11.26%)	(.19%)	36.24%	25.84%	(43.21%)	(259.25%)	(34.03%)	11.39%	50.18%	65.01%	(5,218.94%)
TTM		(1,285,635$)	(534,301$)	(1,102,313$)	(1,560,413$)	(2,142,262$)	(2,702,349$)	(2,402,107$)	(1,250,242$)											(298,568$)	(320,129$)	(316,271$)	(298,179$)	(291,092$)	(283,388$)	(283,242$)	(322,251$)	(346,696$)	(326,053$)	(271,195$)	(243,861$)	(256,025$)	(304,141$)	(343,448$)	(264,642$)
TTM_QoQ%		(140.62%)	51.53%	29.36%	27.16%	20.73%	(12.50%)	(92.13%)												6.74%	(1.22%)	(6.07%)	(2.44%)	(2.72%)	(.05%)	12.11%	7.05%	(6.33%)	(20.23%)	(11.21%)	4.75%	15.82%	11.45%	(29.78%)
TTM_YoY%		39.99%	80.23%	54.11%	(24.81%)															(2.57%)	(12.97%)	(11.66%)	7.47%	16.04%	13.09%	(4.44%)	(32.15%)	(35.42%)	(7.21%)	21.04%	7.85%
Profit Margin		(5,355.33%)	(62.79%)	(126.78%)	(47.97%)	(59.15%)	(391.91%)	(499.35%)	(522.43%)	(501.36%)	(292.56%)	1,048.12%								(606.24%)	(889.13%)	(963.70%)	(858.34%)	(845.81%)	(846.27%)	(762.68%)	(779.60%)	(760.21%)	(844.64%)	(1,196.11%)	(1,051.21%)	(530.84%)	(235.11%)	(1,338.60%)
QoQ		(5,292.53%)	63.98%	(78.80%)	11.18%	332.76%	107.44%	23.08%	(21.07%)	(208.80%)	(1,340.68%)									282.89%	74.57%	(105.36%)	(12.53%)	.46%	(83.59%)	16.92%	(19.39%)	84.43%	351.47%	(144.90%)	(520.37%)	(295.73%)	1,103.49%
YoY		(5,296.17%)	329.12%	372.58%	474.46%	442.21%	(99.36%)	(1,547.47%)												239.57%	(42.87%)	(201.02%)	(78.74%)	(85.60%)	(1.62%)	433.43%	271.61%	(229.37%)	(609.53%)	142.49%
Equity to Common Shareholders		(178,788$)	874,779$	936,040$	1,056,813$	1,094,327$	1,153,785$	1,740,968$	2,325,306$	3,985,583$	4,651,188$	3,080,317$	(91,339$)				(57,227$)			150,645$	205,207$	285,229$	371,962$	449,213$	525,336$	601,500$	670,141$	740,305$	808,724$	884,742$	992,392$	787,001$	808,110$	859,270$			882,153$
QoQ		(1,053,567$)	(61,261$)	(120,773$)	(37,514$)	(59,458$)	(587,183$)	(584,338$)	(1,660,277$)	(665,605$)	1,570,871$	3,171,656$								(54,562$)	(80,022$)	(86,733$)	(77,251$)	(76,123$)	(76,164$)	(68,641$)	(70,164$)	(68,419$)	(76,018$)	(107,650$)	205,391$	(21,109$)	(51,160$)
QoQ%		(120.44%)	(6.55%)	(11.43%)	(3.43%)	(5.15%)	(33.73%)	(25.13%)	(41.66%)	(14.31%)	51.00%	3,472.40%								(26.59%)	(28.06%)	(23.32%)	(17.20%)	(14.49%)	(12.66%)	(10.24%)	(9.48%)	(8.46%)	(8.59%)	(10.85%)	26.10%	(2.61%)	(5.95%)
YoY		(1,273,115$)	(279,006$)	(804,928$)	(1,268,493$)	(2,891,256$)	(3,497,403$)	(1,339,349$)	2,416,645$				(34,112$)				(262,434$)			(298,568$)	(320,129$)	(316,271$)	(298,179$)	(291,092$)	(283,388$)	(283,242$)	(322,251$)	(46,696$)	614$	25,472$			(74,043$)
YoY%		(116.34%)	(24.18%)	(46.24%)	(54.55%)	(72.54%)	(75.19%)	(43.48%)	2,645.80%				(59.61%)				(127.89%)			(66.47%)	(60.94%)	(52.58%)	(44.50%)	(39.32%)	(35.04%)	(32.01%)	(32.47%)	(5.93%)	.08%	2.96%			(8.39%)
Dividends Paid
Additional Paid-In Capital QoQ		0$	0$	0$	0$	0$	0$	0$												0$	0$	0$	0$	0$	0$	0$	0$	0$	0$	0$	301,200$	0$	(29,985$)
Treasury Stock
QoQ
Goodwill
QoQ%
YoY%
Other Intangible Assets
QoQ
Amortization of Intangible Assets
Total Assets		163,696$	8,119,737$	8,158,898$	8,215,198$	8,262,655$	8,309,710$	8,812,558$	9,306,401$				125,844$							319,057$	353,723$	422,366$	504,473$	561,358$	654,740$	742,339$	825,196$	914,787$	813,597$	893,846$	996,327$	1,092,306$	1,134,777$	1,185,937$			938,503$
QoQ		(7,956,041$)	(39,161$)	(56,300$)	(47,457$)	(47,055$)	(502,848$)	(493,843$)												(34,666$)	(68,643$)	(82,107$)	(56,885$)	(93,382$)	(87,599$)	(82,857$)	(89,591$)	101,190$	(80,249$)	(102,481$)	(95,979$)	(42,471$)	(51,160$)
YoY		(8,098,959$)	(189,973$)	(653,660$)	(1,091,203$)				9,180,557$											(242,301$)	(301,017$)	(319,973$)	(320,723$)	(353,429$)	(158,857$)	(151,507$)	(171,131$)	(177,519$)	(321,180$)	(292,091$)			196,274$
Total Liabilities		342,484$	6,705,199$	6,623,001$	6,457,192$	6,419,334$	6,360,871$	6,174,348$	5,987,982$				217,183$							168,412$	148,516$	137,137$	132,511$	112,145$	129,404$	140,839$	155,055$	174,482$	4,873$	9,104$	3,935$	305,305$	326,667$	326,667$			56,350$
QoQ		(6,362,715$)	82,198$	165,809$	37,858$	58,463$	186,523$	186,366$												19,896$	11,379$	4,626$	20,366$	(17,259$)	(11,435$)	(14,216$)	(19,427$)	169,609$	(4,231$)	5,169$	(301,370$)	(21,362$)	0$
YoY		(6,076,850$)	344,328$	448,653$	469,210$				5,770,799$											56,267$	19,112$	(3,702$)	(22,544$)	(62,337$)	124,531$	131,735$	151,120$	(130,823$)	(321,794$)	(317,563$)			270,317$
Current Ratio		.42x	.16x	.14x	1.27x	.13x	.17x	.38x	.70x				.17x							1.53x	1.87x	2.85x	3.70x	6.49x	7.56x	9.19x	10.50x	10.87x	157.22x	92.78x	241.79x	3.49x	3.14x				16.65x
Total Current Assets		132,889$	259,597$	221,364$	8,167,878$	163,724$	210,299$	640,358$	1,124,153$				28,255$							213,803$	252,383$	303,437$	368,161$	407,866$	484,270$	555,086$	626,362$	699,846$	766,142$	844,650$	951,453$	1,065,662$	1,024,777$				938,503$
QoQ		(126,708$)	38,233$	(7,946,514$)	8,004,154$	(46,575$)	(430,059$)	(483,795$)												(38,580$)	(51,054$)	(64,724$)	(39,705$)	(76,404$)	(70,816$)	(71,276$)	(73,484$)	(66,296$)	(78,508$)	(106,803$)	(114,209$)	40,885$
Total Current Liabilities		315,777$	1,589,141$	1,570,640$	6,414,458$	1,307,805$	1,224,176$	1,673,622$	1,606,291$				168,459$							140,102$	134,632$	106,516$	99,405$	62,823$	64,087$	60,388$	59,675$	64,377$	4,873$	9,104$	3,935$	305,305$	326,667$	326,667$			56,350$
QoQ		(1,273,364$)	18,501$	(4,843,818$)	5,106,653$	83,629$	(449,446$)	67,331$												5,470$	28,116$	7,111$	36,582$	(1,264$)	3,699$	713$	(4,702$)	59,504$	(4,231$)	5,169$	(301,370$)	(21,362$)	0$
Debt to Asset Ratio		2.09x	.83x	.81x	.79x	.78x	.77x	.70x	.64x				1.73x							.53x	.42x	.32x	.26x	.20x	.20x	.19x	.19x	.19x	.01x	.01x	-	.28x	.29x	.28x			.06x
Long Term Debt		14,086$	16,098$	18,110$	20,123$	22,138$	24,150$	26,162$	28,174$				36,222$
QoQ		(2,012$)	(2,012$)	(2,013$)	(2,015$)	(2,012$)	(2,012$)	(2,012$)
YoY		(8,052$)	(8,052$)	(8,052$)	(8,051$)				(8,048$)
Capital Lease Obligations																				49,322$	79,554$	80,452$	95,380$	110,105$	124,630$	138,341$	151,866$	165,206$
Cash and Cash Equivalents			52,282$	10,026$	405$	28,244$	46,785$	3,909$	4,892$				11,734$							199,147$	236,586$	287,337$	360,161$	396,866$	366,270$	434,086$	516,362$	589,846$	653,142$	625,586$	713,453$	841,709$	824,777$	875,937$	891,803$	910,076$	655,170$	75,378$
QoQ			42,256$	(22,377$)	(27,839$)	(18,541$)	42,876$	(983$)												(37,439$)	(50,751$)	(72,824$)	(36,705$)	30,596$	(67,816$)	(82,276$)	(73,484$)	(63,296$)	27,556$	(87,867$)	(128,256$)	16,932$	(51,160$)	(15,866$)	(18,273$)	254,906$	579,792$
YoY			5,497$	6,117$	(4,487$)				(6,842$)											(197,719$)	(129,684$)	(146,749$)	(156,201$)	(192,980$)	(286,872$)	(191,500$)	(197,091$)	(251,863$)	(171,635$)	(250,351$)	(178,350$)	(68,367$)	169,607$	800,559$
Interest Expenses		(182,960$)	92,008$	91,202$		98,772$	97,877$	131,014$															0$	0$	0$	0$		0$				0$
Interest Income

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