Net Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods presented (in thousands, except for share and per share data):


	Year Ended December 31,
	2023		2022		2021
Numerator:
Net loss attributable to Forge Global Holdings, Inc., basic	$	(90,221)	$	(111,859)	$	(18,499)
Less: Change in fair value of Junior Preferred Stock warrant liability	—		(3,924)		—
Net loss attributable to common stockholders, diluted	$	(90,221)	$	(115,783)	$	(18,499)
Denominator:
Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic	173,402,167		143,839,981		54,295,304
Dilutive effect of common share equivalents	—		1,173,365		—
Weighted-average number of shares used to compute net loss per share attributable to common stockholders, diluted	173,402,167		145,013,346		54,295,304
Net loss per share attributed to common stockholders:
Basic	$	(0.52)	$	(0.78)	$	(0.34)
Diluted	$	(0.52)	$	(0.80)	$	(0.34)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potentially dilutive shares were excluded in the calculation of diluted shares outstanding as the effect would have been anti-dilutive:


	Year Ended December 31,
	2023	2022	2021

Convertible preferred stock(1)	—	—	73,914,150
Warrants to purchase common stock	3,282,652	3,282,652	3,774,437
Private Placement Warrants	7,386,667	7,386,667	—
Common stock subject to repurchase	435,136	1,064,323	11,400,806
Outstanding options	7,813,366	12,853,072	15,712,437
Restricted stock units	17,434,138	10,884,476	—

Total	36,351,959	35,471,190	104,801,830

(1) Conversion of preferred stock to common stock as part of the Merger. See Note 10, "Capitalization", and Note 11, "Warrants", for additional details of the Company’s stockholders’ equity prior to and subsequent to the Merger.