; ForgeRock, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Total revenue $ 176,933 $ 127,634 $ 104,498
Cost of revenue:      
Total cost of revenue 32,928 21,328 17,032
Gross profit 144,005 106,306 87,466
Operating expenses:      
Research and development 43,497 35,901 29,636
Sales and marketing 88,620 75,768 69,559
General and administrative 40,329 26,729 25,293
Total operating expenses 172,446 138,398 124,488
Operating loss (28,441) (32,092) (37,022)
Foreign currency gain (loss) (3,819) 3,064 (140)
Fair value adjustment on warrants and preferred stock tranche option (10,068) (7,344) (170)
Interest expense (4,516) (4,512) (1,870)
Other, net (40) (345) 309
Interest and other expense, net (18,443) (9,137) (1,871)
Loss before income taxes (46,884) (41,229) (38,893)
Provision for (benefit from) income taxes 884 565 (1,985)
Net loss $ (47,768) $ (41,794) $ (36,908)
Net loss per share attributable to common stockholders:      
Basic (in dollars per share) $ (1.14) $ (1.74) $ (1,570)
Diluted (in dollars per share) $ (1.14) $ (1.74) $ (1,570)
Weighted-average shares used in computing net loss per share attributable to common stockholders:      
Basic (in shares) 41,742 23,989 23,491
Diluted (in shares) 41,742 23,989 23,491
Total subscriptions and perpetual licenses      
Revenue:      
Total revenue $ 171,740 $ 123,376 $ 99,748
Cost of revenue:      
Total cost of revenue 17,535 12,249 9,120
Subscription term licenses      
Revenue:      
Total revenue 84,611 64,318 51,182
Subscription SaaS, support & maintenance      
Revenue:      
Total revenue 85,434 57,833 40,682
Perpetual licenses      
Revenue:      
Total revenue 1,695 1,225 7,884
Professional services      
Revenue:      
Total revenue 5,193 4,258 4,750
Cost of revenue:      
Total cost of revenue $ 15,393 $ 9,079 $ 7,912