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

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Total revenue $ 63,143 $ 48,093
Cost of revenue:    
Total cost of revenue 11,800 8,703
Gross profit 51,343 39,390
Operating expenses:    
Research and development 17,203 14,479
Sales and marketing 36,451 26,978
General and administrative 15,868 13,545
Acquisition-related costs 6,947 0
Total operating expenses 76,469 55,002
Operating loss (25,126) (15,612)
Foreign currency gain (loss) (542) 435
Interest expense (1,135) (899)
Other income, net 1,836 68
Interest and other income (expense), net 159 (396)
Loss before income taxes (24,967) (16,008)
Provision for income taxes 469 462
Net loss $ (25,436) $ (16,470)
Net loss per share attributable to common stockholders:    
Basic (in dollars per share) $ (0.29) $ (0.20)
Diluted (in dollars per share) $ (0.29) $ (0.20)
Weighted-average shares used in computing net loss per share attributable to common stockholders:    
Basic (in shares) 87,463 83,766
Diluted (in shares) 87,463 83,766
Total subscriptions and perpetual licenses    
Revenue:    
Total revenue $ 59,723 $ 45,930
Cost of revenue:    
Total cost of revenue 8,322 5,853
Subscription term licenses    
Revenue:    
Total revenue 25,557 19,659
Subscription SaaS, support & maintenance    
Revenue:    
Total revenue 34,101 26,185
Perpetual licenses    
Revenue:    
Total revenue 65 86
Professional services    
Revenue:    
Total revenue 3,420 2,163
Cost of revenue:    
Total cost of revenue $ 3,478 $ 2,850