Global Brokerage Sees Total Net Revenues of $31.11M during Q1 2022

Thursday, 05/05/2022 | 01:13 GMT by Felipe Erazo
  • The company is the owner of FXCM.
  • The report is an unaudited consolidated statement of financial condition.
fxcm

Global Brokerage Inc., the owner of FXCM, an online Forex trading and CFD broker, released its unaudited financial results for the first quarter of 2022 on Wednesday.

According to the report, total assets for the period were $397.89 million, while total current assets were $362.06 million. Also, customer account liabilities accounted for $283.19 million, while total liabilities were $593.85 million. In addition, its redeemable non-controlling interest was $7.12 million.

Moreover, total net revenues hit $31.11 million during the period ended 31 March 2022, while total operating expenses were $32.90 million. The report said the net loss in Global Brokerage was $11.85 million, and its comprehensive loss accounted for $12.01 million.

The report highlighted that net cash used in operating activities reached the $11.04 million figure, while net cash provided by financing activities came to $9.77 million.

Q3 2021 Results

For the third quarter of 2021, Global Brokerage reported that its current total assets were around $383.95 million, while total liabilities were $567.46 million. Additionally, total liabilities, redeemable non-controlling interest and stockholders’ deficit stood at $383.95 million for the period.

In terms of revenues, its total net revenues figure for the three months was $24.40 million, while for a nine-month period, it was $78.66 million. In addition, Global Brokerage reported a net loss during a nine-month period of $53.15 million, while the three-month segment was $18.47 million in losses. Moreover, according to the report, the comprehensive loss attributable to Global Brokerage, Inc. reported a figure of $28.10 million for a nine-month period. Further, net losses were $52.25 million in cash flows from operating activities.

FXCM offers foreign exchange (forex) and contracts for differences (CFDs) trading services to both retail and professional clients. In addition, it was aggressively expanding its offerings and added social and copy trading services earlier in 2021.

Global Brokerage Inc., the owner of FXCM, an online Forex trading and CFD broker, released its unaudited financial results for the first quarter of 2022 on Wednesday.

According to the report, total assets for the period were $397.89 million, while total current assets were $362.06 million. Also, customer account liabilities accounted for $283.19 million, while total liabilities were $593.85 million. In addition, its redeemable non-controlling interest was $7.12 million.

Moreover, total net revenues hit $31.11 million during the period ended 31 March 2022, while total operating expenses were $32.90 million. The report said the net loss in Global Brokerage was $11.85 million, and its comprehensive loss accounted for $12.01 million.

The report highlighted that net cash used in operating activities reached the $11.04 million figure, while net cash provided by financing activities came to $9.77 million.

Q3 2021 Results

For the third quarter of 2021, Global Brokerage reported that its current total assets were around $383.95 million, while total liabilities were $567.46 million. Additionally, total liabilities, redeemable non-controlling interest and stockholders’ deficit stood at $383.95 million for the period.

In terms of revenues, its total net revenues figure for the three months was $24.40 million, while for a nine-month period, it was $78.66 million. In addition, Global Brokerage reported a net loss during a nine-month period of $53.15 million, while the three-month segment was $18.47 million in losses. Moreover, according to the report, the comprehensive loss attributable to Global Brokerage, Inc. reported a figure of $28.10 million for a nine-month period. Further, net losses were $52.25 million in cash flows from operating activities.

FXCM offers foreign exchange (forex) and contracts for differences (CFDs) trading services to both retail and professional clients. In addition, it was aggressively expanding its offerings and added social and copy trading services earlier in 2021.

About the Author: Felipe Erazo
Felipe Erazo
  • 1036 Articles
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About the Author: Felipe Erazo
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.
  • 1036 Articles
  • 42 Followers

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