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

Quarterly report pursuant to Section 13 or 15(d)

Cash Equivalents and Short-Term Investments (Tables)

v3.22.1
Cash Equivalents and Short-Term Investments (Tables)
 3 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Summary of Short-Term Investments
The amortized cost, unrealized loss and estimated fair value of the Company’s cash equivalents and short-term investments as of March 31, 2022 and December 31, 2021 were as follows (in thousands):
March 31, 2022
Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value
Cash Equivalents:
Money market funds $ 58,121  $ —  $ —  $ 58,121 
Total cash equivalents 58,121  —  —  58,121 
Short-term investments
Commercial paper 76,286  —  —  76,286 
Asset-backed securities 46,722  —  (520) 46,202 
Corporate debt securities 90,509  —  (1,006) 89,503 
U.S. Treasury bonds 61,545  —  (751) 60,794 
Short-term investments 275,062  —  (2,277) 272,785 
Total $ 333,183  $ —  $ (2,277) $ 330,906 


December 31, 2021
Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value
Cash Equivalents:
Money market funds $ 98,333  $ —  $ —  $ 98,333 
Total cash equivalents 98,333  —  —  98,333 
Short-term investments
Commercial paper 78,448  —  —  78,448 
Asset-backed securities 51,745  —  (158) 51,587 
Corporate debt securities 85,365  —  (281) 85,084 
U.S. treasury bonds 26,444  —  (152) 26,292 
Short-term investments 242,002  —  (591) 241,411 
Total $ 340,335  $ —  $ (591) $ 339,744 
Schedule of Cash Equivalents
The amortized cost, unrealized loss and estimated fair value of the Company’s cash equivalents and short-term investments as of March 31, 2022 and December 31, 2021 were as follows (in thousands):
March 31, 2022
Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value
Cash Equivalents:
Money market funds $ 58,121  $ —  $ —  $ 58,121 
Total cash equivalents 58,121  —  —  58,121 
Short-term investments
Commercial paper 76,286  —  —  76,286 
Asset-backed securities 46,722  —  (520) 46,202 
Corporate debt securities 90,509  —  (1,006) 89,503 
U.S. Treasury bonds 61,545  —  (751) 60,794 
Short-term investments 275,062  —  (2,277) 272,785 
Total $ 333,183  $ —  $ (2,277) $ 330,906 


December 31, 2021
Amortized Cost Unrealized Gain Unrealized Loss Estimated Fair Value
Cash Equivalents:
Money market funds $ 98,333  $ —  $ —  $ 98,333 
Total cash equivalents 98,333  —  —  98,333 
Short-term investments
Commercial paper 78,448  —  —  78,448 
Asset-backed securities 51,745  —  (158) 51,587 
Corporate debt securities 85,365  —  (281) 85,084 
U.S. treasury bonds 26,444  —  (152) 26,292 
Short-term investments 242,002  —  (591) 241,411 
Total $ 340,335  $ —  $ (591) $ 339,744 
Summary of Contractual Maturities
The following table presents the contractual maturities of the Company’s short-term investments as of March 31, 2022 and December 31, 2021 (in thousands):
March 31, 2022
Amortized Cost Estimated Fair Value
Due within one year
 $ 186,545  $ 185,811 
Due between one to five years
 88,517  86,974 
Total $ 275,062  $ 272,785 
December 31, 2021
Amortized Cost Estimated Fair Value
Due within one year $ 142,950  $ 142,868 
Due between one to five years 99,052  98,543 
Total $ 242,002  $ 241,411