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

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 138,542 $ 128,381
Short-term investments 203,971 241,411
Accounts receivable, net of allowance for credit losses of $155 and $34, respectively 33,307 55,999
Contract assets 22,778 19,670
Deferred commissions 8,697 8,457
Prepaid expenses and other assets 12,899 9,787
Total current assets 420,194 463,705
Deferred commissions 17,891 15,601
Property and equipment, net 2,800 2,463
Operating lease right-of-use assets 10,272 12,626
Contract and other assets 3,495 2,783
Total assets 454,652 497,178
Current liabilities:    
Accounts payable 1,511 2,039
Accrued expenses 8,961 5,016
Accrued compensation 19,214 22,359
Current portion of operating lease liability 1,562 1,820
Deferred revenue 57,923 67,222
Other liabilities 1,331 2,258
Total current liabilities 90,502 100,714
Long-term debt 39,579 39,483
Long-term operating lease liability 9,519 11,037
Deferred revenue 1,377 8,172
Other liabilities 1,909 1,646
Total liabilities 142,886 161,052
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Additional paid-in capital 623,671 593,196
Accumulated other comprehensive income 1,613 6,672
Accumulated deficit (313,603) (263,825)
Total stockholders’ equity 311,766 336,126
Total liabilities and stockholders’ equity 454,652 497,178
Class A common stock    
Stockholders’ equity:    
Common stock 47 29
Class B common stock    
Stockholders’ equity:    
Common stock $ 38 $ 54