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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 16,720 $ 16,640 $ 32,199 $ 36,662
Transaction-based expenses:        
Transaction-based expenses (83) (178) (102) (311)
Total revenues, less transaction-based expenses 16,637 16,462 32,097 36,351
Operating expenses:        
Compensation and benefits 25,154 27,384 50,916 71,024
Professional services 3,265 3,853 6,001 7,370
Acquisition-related transaction costs 0 692 0 4,398
Advertising and market development 876 1,441 1,553 2,945
Rent and occupancy 1,148 1,140 2,474 2,706
Technology and communications 3,475 2,809 6,865 4,832
General and administrative 3,525 3,170 6,273 4,772
Depreciation and amortization 1,747 2,021 3,536 3,103
Total operating expenses 39,190 42,510 77,618 101,150
Operating loss (22,553) (26,048) (45,521) (64,799)
Interest and other income (expenses):        
Interest income 1,319 266 2,828 287
Change in fair value of warrant liabilities (3,790) 20,558 (3,622) (5,402)
Other income (expenses), net 217 140 432 529
Total interest income and other income (expenses) (2,254) 20,964 (362) (4,586)
Loss before provision for income taxes (24,807) (5,084) (45,883) (69,385)
Provision for income taxes 293 35 478 158
Net loss (25,100) (5,119) (46,361) (69,543)
Net loss attributable to noncontrolling interest (211) 0 (284) 0
Net loss attributable to Forge Global Holdings, Inc. $ (24,889) $ (5,119) $ (46,077) $ (69,543)
Net loss per share attributable to Forge Global Holdings, Inc. common stockholders:        
Basic (in dollars per share) $ (0.14) $ (0.03) $ (0.27) $ (0.60)
Diluted (in dollars per share) $ (0.14) $ (0.20) $ (0.27) $ (0.66)
Weighted-average shares used in computing net loss per share attributable to Forge Global Holdings, Inc. common stockholders:        
Basic (in shares) 173,289,549 167,052,900 172,565,508 116,815,363
Diluted (in shares) 173,289,549 173,578,093 172,565,508 120,584,585
Placement fees        
Revenues:        
Total revenues $ 5,723 $ 10,951 $ 10,355 $ 25,536
Custodial administration fees        
Revenues:        
Total revenues $ 10,997 $ 5,689 $ 21,844 $ 11,126