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

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (16,470) $ (10,086)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 280 269
Noncash operating lease expense 535 446
Stock-based compensation expense 6,460 1,524
Amortization of deferred commissions 3,991 3,325
Foreign currency remeasurement gain (620) (337)
Change in fair value of redeemable convertible preferred stock warrant liability 0 1,198
Change in fair value of preferred stock tranche option liability 0 2,346
Amortization of premium / discount on short-term investments 646 0
Other 102 139
Changes in operating assets and liabilities:    
Deferred commissions (4,085) (3,614)
Accounts receivable 17,321 10,863
Contract and other non-current assets (122) (3,653)
Prepaid expenses and other current assets (893) (2,777)
Operating lease liabilities (499) (656)
Accounts payable (436) 1,125
Accrued expenses and other liabilities (4,640) (1,917)
Deferred revenue (6,040) (5,292)
Net cash used in operating activities (4,470) (7,097)
Investing activities:    
Purchases of property and equipment (488) (154)
Purchases of short-term investments (52,994) (47,413)
Maturities of short-term investments 14,452 0
Sales of short-term investments 4,836 0
Net cash used in investing activities (34,194) (47,567)
Financing activities:    
Payment of offering costs (141) 0
Proceeds from exercises of employee stock options 2,179 1,658
Principal repayments on debt 0 (18)
Net cash provided by financing activities 2,038 1,640
Effect of exchange rates on cash and cash equivalents and restricted cash (200) (437)
Net decrease in cash, cash equivalents and restricted cash (36,826) (53,461)
Cash, cash equivalents and restricted cash, beginning of year 128,437 100,042
Cash, cash equivalents and restricted cash, end of period 91,611 46,581
Cash paid for interest    
Cash paid for interest 524 616
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents 91,580 46,558
Restricted cash included in prepaids and other current assets 31 23
Total cash and cash equivalents and restricted cash 91,611 46,581
Short-term investments, end of period $ 272,785 $ 47,311