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

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Lease Expense and Supplemental Information

The following table summarizes the components of lease expense, which are included in operating expenses in the Company’s condensed statements of operations and comprehensive loss (in thousands):


	Three Months Ended March 31, 2023
Operating lease expense	$	707
Variable lease expense	188
Total lease expense	$	895

The following table summarizes supplemental information related to leases:


	Three Months Ended March 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (in thousands)	$	639
Weighted-average remaining lease term (years)
Operating leases	6.1
Weighted-average discount rate
Operating leases	5.5		%

Schedule of Lease Liability Maturities

The following table summarizes the maturities of lease liabilities as of March 31, 2023 (in thousands):


2023 (9 months remaining)	$	2,509
2024	2,148
2025	1,922
2026	1,759
2027	1,774
Thereafter	3,062
Total future minimum lease payments	13,174
Less: Imputed interest	(2,443)
Present value of future minimum lease payments	10,731
Less: Current portion of operating lease liability	(1,941)
Long-term operating lease liability	$	8,790