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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 18,563 $ 15,900 $ 50,762 $ 52,562
Transaction-based expenses:        
Transaction-based expenses (148) (86) (250) (397)
Total revenues, less transaction-based expenses 18,415 15,814 50,512 52,165
Operating expenses:        
Compensation and benefits 27,650 44,040 78,566 115,064
Professional services 2,883 3,799 8,884 11,169
Acquisition-related transaction costs 0 821 0 5,219
Advertising and market development 910 928 2,463 3,873
Rent and occupancy 1,142 1,097 3,616 3,803
Technology and communications 3,763 3,536 10,628 8,368
General and administrative 1,870 2,601 8,143 7,373
Depreciation and amortization 1,710 1,428 5,246 4,531
Total operating expenses 39,928 58,250 117,546 159,400
Operating loss (21,513) (42,436) (67,034) (107,235)
Interest and other income (expenses):        
Interest income 1,725 874 4,553 1,161
Change in fair value of warrant liabilities 907 25,210 (2,715) 19,808
Other income (expenses), net 215 202 647 731
Total interest income and other income (expenses) 2,847 26,286 2,485 21,700
Loss before provision for income taxes (18,666) (16,150) (64,549) (85,535)
Provision for income taxes 291 48 769 206
Net loss (18,957) (16,198) (65,318) (85,741)
Net loss attributable to noncontrolling interest (609) 0 (893) 0
Net loss attributable to Forge Global Holdings, Inc. $ (18,348) $ (16,198) $ (64,425) $ (85,741)
Net loss per share attributable to Forge Global Holdings, Inc. common stockholders:        
Basic (in dollars per share) $ (0.11) $ (0.10) $ (0.37) $ (0.64)
Diluted (in dollars per share) $ (0.11) $ (0.12) $ (0.37) $ (0.66)
Weighted-average shares used in computing net loss per share attributable to Forge Global Holdings, Inc. common stockholders:        
Basic (in shares) 173,957,880 169,838,778 173,045,721 134,683,950
Diluted (in shares) 173,957,880 170,209,256 173,045,721 135,960,612
Placement fees        
Revenues:        
Total revenues $ 7,283 $ 8,227 $ 17,638 $ 33,763
Custodial administration fees        
Revenues:        
Total revenues $ 11,280 $ 7,673 $ 33,124 $ 18,799