; ForgeRock, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 128,803 $ 128,381
Short-term investments 207,248 241,411
Accounts receivable, net of allowance for credit losses of $444 and $34, respectively 71,439 55,999
Contract assets 25,117 19,670
Deferred commissions 9,936 8,457
Prepaid expenses and other assets 14,810 9,787
Total current assets 457,353 463,705
Deferred commissions 20,379 15,601
Property and equipment, net 2,850 2,463
Operating lease right-of-use assets 10,190 12,626
Contract and other assets 3,408 2,783
Total assets 494,180 497,178
Current liabilities:    
Accounts payable 4,587 2,039
Accrued expenses 34,311 27,375
Current portion of operating lease liability 1,902 1,820
Deferred revenue 82,036 67,222
Other liabilities 2,927 2,258
Total current liabilities 125,763 100,714
Long-term debt 39,611 39,483
Long-term operating lease liability 9,207 11,037
Deferred revenue 1,283 8,172
Other liabilities 2,150 1,646
Total liabilities 178,014 161,052
Commitments and contingencies (Note 9)
Stockholders’ equity    
Additional paid-in capital 641,983 593,196
Accumulated other comprehensive income 4,193 6,672
Accumulated deficit (330,097) (263,825)
Total stockholders’ equity 316,166 336,126
Total liabilities and stockholders’ equity 494,180 497,178
Class A common stock    
Stockholders’ equity    
Common Stock 50 29
Class B common stock    
Stockholders’ equity    
Common Stock $ 37 $ 54