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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 129,606 $ 144,722
Restricted cash 1,075 1,062
Accounts receivable, net 5,553 4,067
Prepaid expenses and other current assets 12,418 13,253
Total current assets 148,652 163,104
Internal-use software, property and equipment, net 4,540 5,192
Goodwill and other intangible assets, net 128,940 129,919
Operating lease right-of-use assets 7,985 4,308
Payment-dependent notes receivable, noncurrent 6,236 5,593
Other assets, noncurrent 2,324 2,615
Total assets 298,677 310,731
Current liabilities:    
Accounts payable 2,671 1,831
Accrued compensation and benefits 7,037 11,004
Accrued expenses and other current liabilities 11,507 8,861
Less: operating lease liabilities, current 2,922 2,516
Total current liabilities 24,137 24,212
Operating lease liabilities, noncurrent 6,253 2,707
Payment-dependent notes payable, noncurrent 6,236 5,593
Warrant liabilities 5,169 9,616
Other liabilities, noncurrent 285 185
Total liabilities 42,080 42,313
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.0001 par value; 180,011,227 and 176,899,814 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 18 18
Treasury stock, at cost; 157,193 shares as of March 31, 2024 and December 31, 2023, respectively (625) (625)
Additional paid-in capital 551,274 543,846
Accumulated other comprehensive income 765 911
Accumulated deficit (299,262) (280,638)
Total Forge Global Holdings, Inc. stockholders’ equity 252,170 263,512
Noncontrolling Interest 4,427 4,906
Total stockholders’ equity 256,597 268,418
Total liabilities and stockholders’ equity $ 298,677 $ 310,731