; ForgeRock, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Total revenue $ 48,093 $ 40,850
Cost of revenue:    
Total cost of revenue 8,703 6,536
Gross profit 39,390 34,314
Operating expenses:    
Research and development 14,479 10,435
Sales and marketing 26,978 20,242
General and administrative 13,545 8,247
Total operating expenses 55,002 38,924
Operating loss (15,612) (4,610)
Foreign currency gain (loss) 435 (352)
Fair value adjustment on warrants and preferred stock tranche option 0 (3,578)
Interest expense (899) (1,180)
Other, net 68 (196)
Interest and other expense, net (396) (5,306)
Loss before income taxes (16,008) (9,916)
Provision for income taxes 462 170
Net loss $ (16,470) $ (10,086)
Net loss per share attributable to common stockholders:    
Basic (in dollars per share) $ (0.20) $ (0.41)
Diluted (in dollars per share) $ (0.20) $ (0.41)
Weighted-average shares used in computing net loss per share attributable to common stockholders:    
Basic (in shares) 83,766 24,419
Diluted (in shares) 83,766 24,419
Total subscriptions and perpetual licenses    
Revenue:    
Total revenue $ 45,930 $ 40,000
Cost of revenue:    
Total cost of revenue 5,853 3,647
Subscription term licenses    
Revenue:    
Total revenue 19,659 21,081
Subscription SaaS, support & maintenance    
Revenue:    
Total revenue 26,185 18,364
Perpetual licenses    
Revenue:    
Total revenue 86 555
Professional services    
Revenue:    
Total revenue 2,163 850
Cost of revenue:    
Total cost of revenue $ 2,850 $ 2,889