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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 144,722 $ 193,136
Restricted cash 1,062 1,829
Accounts receivable, net 4,067 3,544
Prepaid expenses and other current assets 13,253 8,379
Total current assets 163,104 206,888
Internal-use software, property and equipment, net 5,192 7,999
Goodwill and other intangible assets, net 129,919 133,887
Operating lease right-of-use assets 4,308 5,706
Payment-dependent notes receivable, noncurrent 5,593 7,371
Other assets, noncurrent 2,615 1,878
Total assets 310,731 363,729
Current liabilities:    
Accounts payable 1,831 2,797
Accrued compensation and benefits 11,004 13,271
Accrued expenses and other current liabilities 8,861 6,421
Operating lease liabilities, current 2,516 3,896
Total current liabilities 24,212 26,385
Operating lease liabilities, noncurrent 2,707 3,541
Payment-dependent notes payable, noncurrent 5,593 7,371
Warrant liabilities 9,616 606
Other liabilities, noncurrent 185 365
Total liabilities 42,313 38,268
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.0001 par value; 176,899,814 and 172,560,916 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 18 18
Treasury stock, at cost; 157,193 and zero shares as of December 31, 2023 and December 31, 2022, respectively (625) 0
Additional paid-in capital 543,846 509,094
Accumulated other comprehensive income 911 693
Accumulated deficit (280,638) (190,418)
Total Forge Global Holdings, Inc. stockholders’ equity 263,512 319,387
Noncontrolling interest 4,906 6,074
Total stockholders’ equity 268,418 325,461
Total liabilities and stockholders’ equity $ 310,731 $ 363,729