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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 114,454 $ 144,722
Restricted cash 1,103 1,062
Accounts receivable, net 4,955 4,067
Prepaid expenses and other current assets 8,891 13,253
Total current assets 129,403 163,104
Internal-use software, property and equipment, net 3,500 5,192
Goodwill and other intangible assets, net 126,983 129,919
Operating lease right-of-use assets 6,654 4,308
Payment-dependent notes receivable, non-current 7,436 5,593
Other assets, noncurrent 2,597 2,615
Total assets 276,573 310,731
Current liabilities:    
Accounts payable 1,640 1,831
Accrued compensation and benefits 11,306 11,004
Accrued expenses and other current liabilities 7,694 8,861
Operating lease liabilities, current 3,453 2,516
Total current liabilities 24,093 24,212
Operating lease liabilities, noncurrent 4,492 2,707
Payment-dependent notes payable, noncurrent 7,436 5,593
Warrant liabilities 1,958 9,616
Other liabilities, noncurrent 313 185
Total liabilities 38,292 42,313
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.0001 par value; 184,320,636 and 176,899,814 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 19 18
Treasury stock, at cost; 157,193 shares as of September 30, 2024 and December 31, 2023, respectively (625) (625)
Additional paid-in capital 565,529 543,846
Accumulated other comprehensive income 933 911
Accumulated deficit (331,328) (280,638)
Total Forge Global Holdings, Inc. stockholders’ equity 234,528 263,512
Noncontrolling interest 3,753 4,906
Total stockholders’ equity 238,281 268,418
Total liabilities and stockholders’ equity $ 276,573 $ 310,731