; 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, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 197,221 $ 99,953
Short-term investments 180,872 0
Accounts receivable, net of allowances of $26 and $159, respectively 36,071 35,372
Contract assets 23,079 11,167
Deferred commissions 6,267 5,923
Prepaid expenses and other assets 7,224 3,802
Total current assets 450,734 156,217
Deferred commissions 12,242 8,825
Property and equipment, net 2,106 2,535
Operating lease right-of-use assets 4,358  
Contract and other assets 1,543 817
Total assets 470,983 168,394
Current liabilities:    
Accounts payable 878 1,370
Accrued compensation 15,319 13,891
Accrued expenses 5,927 3,179
Current portion of long-term debt 0 58
Current portion of operating lease liability 1,766  
Deferred revenue 49,890 50,341
Other liabilities 2,700 10,192
Total current liabilities 76,480 79,031
Long-term debt 39,451 39,338
Long-term operating lease liability 2,876  
Deferred revenue 7,300 5,162
Other liabilities 1,568 3,538
Total liabilities 127,675 127,069
Commitments and contingencies (Note 9)
Redeemable convertible preferred stock, $0.001 par value; zero and 41,557 shares authorized at September 30, 2021 and December 31, 2020, respectively; zero and 40,843 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively (liquidation preference of zero and $268,619 at September 30, 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 September 30, 2021 and December 31, 2020, respectively; and zero shares issued and outstanding as of September 30, 2021 and December 31, 2020 0 0
Common stock   24
Additional paid-in capital 587,371 20,602
Accumulated other comprehensive income 7,322 5,253
Accumulated deficit (251,467) (216,057)
Total stockholders’ equity (deficit) 343,308 (190,178)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) 470,983 $ 168,394
Class A common stock    
Stockholders’ equity (deficit):    
Common stock 13  
Class B common stock    
Stockholders’ equity (deficit):    
Common stock $ 69