; 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
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 143,971 $ 128,803
Short-term investments 191,743 207,248
Accounts receivable, net of allowance for credit losses of $664 and $444, respectively 47,097 71,439
Contract assets 27,203 25,117
Deferred commissions 9,480 9,936
Prepaid expenses and other assets 15,891 14,810
Total current assets 435,385 457,353
Deferred commissions 20,740 20,379
Property and equipment, net 2,922 2,850
Operating lease right-of-use assets 9,816 10,190
Contract and other assets 3,784 3,408
Total assets 472,647 494,180
Current liabilities:    
Accounts payable 8,564 4,587
Accrued compensation 15,735 24,836
Accrued expenses 8,649 9,475
Current portion of operating lease liability 1,941 1,902
Deferred revenue 78,315 82,036
Other liabilities 2,526 2,927
Total current liabilities 115,730 125,763
Long-term debt 39,643 39,611
Long-term operating lease liability 8,790 9,207
Deferred revenue 920 1,283
Other liabilities 2,585 2,150
Total liabilities 167,669 178,014
Commitments and contingencies (Note 8)
Stockholders’ equity    
Additional paid-in capital 654,600 641,983
Accumulated other comprehensive income 5,823 4,193
Accumulated deficit (355,533) (330,097)
Total stockholders’ equity 304,978 316,166
Total liabilities and stockholders’ equity 472,647 494,180
Class A common stock    
Stockholders’ equity    
Common stock 51 50
Class B common stock    
Stockholders’ equity    
Common stock $ 37 $ 37