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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 22,282 $ 16,720 $ 41,524 $ 32,199
Transaction-based expenses:        
Transaction-based expenses (256) (83) (285) (102)
Total revenues, less transaction-based expenses 22,026 16,637 41,239 32,097
Operating expenses:        
Compensation and benefits 28,784 25,154 58,627 50,916
Technology and communications 2,649 3,475 5,709 6,865
Professional services 1,605 3,265 3,822 6,001
Advertising and market development 1,243 876 2,333 1,553
Rent and occupancy 1,107 1,148 2,242 2,474
General and administrative 2,508 3,525 7,570 6,273
Depreciation and amortization 1,781 1,747 3,597 3,536
Total operating expenses 39,677 39,190 83,900 77,618
Operating loss (17,651) (22,553) (42,661) (45,521)
Interest and other income (expense):        
Interest income 1,495 1,319 3,204 2,828
Change in fair value of warrant liabilities 2,280 (3,790) 6,727 (3,622)
Other income, net 94 217 170 432
Total interest and other income (expense) 3,869 (2,254) 10,101 (362)
Loss before provision for income taxes (13,782) (24,807) (32,560) (45,883)
Provision for income taxes 258 293 474 478
Net loss (14,040) (25,100) (33,034) (46,361)
Net loss attributable to noncontrolling interest (316) (211) (686) (284)
Net loss attributable to Forge Global Holdings, Inc. $ (13,724) $ (24,889) $ (32,348) $ (46,077)
Net loss per share attributable to Forge Global Holdings, Inc. common stockholders:        
Basic (in dollars per share) $ (0.08) $ (0.14) $ (0.18) $ (0.27)
Diluted (in dollars per share) $ (0.08) $ (0.14) $ (0.18) $ (0.27)
Weighted-average shares used in computing net loss per share attributable to Forge Global Holdings, Inc. common stockholders:        
Basic (in shares) 182,681,065 173,289,549 181,680,268 172,565,508
Diluted (in shares) 182,681,065 173,289,549 181,680,268 172,565,508
Marketplace revenues        
Revenues:        
Total revenues $ 11,679 $ 5,723 $ 20,199 $ 10,355
Custodial administration fees        
Revenues:        
Total revenues $ 10,603 $ 10,997 $ 21,325 $ 21,844