; 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 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Total revenue $ 44,226 $ 32,123 $ 129,029 $ 87,494
Cost of revenue:        
Total cost of revenue 8,494 5,045 22,970 15,437
Gross profit 35,732 27,078 106,059 72,057
Operating expenses:        
Research and development 10,827 9,432 31,214 26,792
Sales and marketing 22,509 18,135 64,795 56,375
General and administrative 11,188 6,214 28,091 19,469
Total operating expenses 44,524 33,781 124,100 102,636
Operating loss (8,792) (6,703) (18,041) (30,579)
Foreign currency gain (loss) (2,684) 2,699 (3,003) (5,142)
Fair value adjustment on warrants and preferred stock tranche option (2,729) (2,415) (10,068) (4,196)
Interest expense (1,195) (1,201) (3,572) (3,318)
Other, net 339 (65) (66) (225)
Interest and other expense, net (6,269) (982) (16,709) (12,881)
Loss before income taxes (15,061) (7,685) (34,750) (43,460)
Provision for income taxes 205 124 660 303
Net loss $ (15,266) $ (7,809) $ (35,410) $ (43,763)
Net loss per share attributable to Class A and Class B common stockholders:        
Basic (in dollars per share) $ (0.44) $ (0.32) $ (1.26) $ (1.83)
Diluted (in dollars per share) $ (0.44) $ (0.32) $ (1.26) $ (1.83)
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders:        
Basic (in shares) 34,680 24,039 28,124 23,941
Diluted (in shares) 34,680 24,039 28,124 23,941
Total subscriptions and perpetual licenses        
Revenue:        
Total revenue $ 42,487 $ 31,170 $ 125,377 $ 84,629
Cost of revenue:        
Total cost of revenue 4,517 2,976 12,312 9,003
Subscription term licenses        
Revenue:        
Total revenue 19,364 16,102 62,949 42,204
Subscription SaaS, support & maintenance        
Revenue:        
Total revenue 22,940 14,910 61,543 41,686
Perpetual licenses        
Revenue:        
Total revenue 183 158 885 739
Professional services        
Revenue:        
Total revenue 1,739 953 3,652 2,865
Cost of revenue:        
Total cost of revenue $ 3,977 $ 2,069 $ 10,658 $ 6,434