; 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, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 128,381 $ 99,953
Short-term investments 241,411 0
Accounts receivable, net of allowances of $34 and $159 55,999 35,372
Contract assets 19,670 11,167
Deferred commissions 8,457 5,923
Prepaid expenses and other assets 9,787 3,802
Total current assets 463,705 156,217
Deferred commissions 15,601 8,825
Property and equipment, net 2,463 2,535
Operating lease right-of-use assets 12,626  
Contract and other assets 2,783 817
Total assets 497,178 168,394
Current liabilities:    
Accounts payable 2,039 1,370
Accrued expenses 27,375 18,444
Current portion of long-term debt 0 58
Current portion of operating lease liability 1,820  
Deferred revenue 67,222 50,341
Other liabilities 2,258 8,818
Total current liabilities 100,714 79,031
Long-term debt 39,483 39,338
Long-term operating lease liability 11,037  
Deferred revenue 8,172 5,162
Other liabilities 1,646 3,538
Total liabilities 161,052 127,069
Commitments and contingencies (Note 9)
Redeemable convertible preferred stock, $0.001 par value; zero and 41,557 shares authorized at December 31, 2021 and December 31, 2020, respectively; zero and 40,843 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 0 231,503
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; 100,000 and zero shares authorized as of December 31, 2021 and December 31, 2020, respectively; and zero shares issued and outstanding as of December 31, 2021 and December 31, 2020 0 0
Common Stock   24
Additional paid-in capital 593,196 20,602
Accumulated other comprehensive income 6,672 5,253
Accumulated deficit (263,825) (216,057)
Total stockholders’ equity (deficit) 336,126 (190,178)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) 497,178 $ 168,394
Common Class A    
Stockholders’ equity (deficit):    
Common Stock 29  
Common Class B    
Stockholders’ equity (deficit):    
Common Stock $ 54