Net Loss per Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Net Loss per Share

Net Loss per Share

The Company has one class of common stock. The diluted net loss per share attributable to common stockholders is calculated by giving effect to all potentially dilutive common stock equivalents during the period using the two-class method. The Company’s stock options, warrants, and early exercised stock options are considered to be potential common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to common stockholders because the holders of these securities do not have a contractual right to share in the Company's losses, and their effect would be antidilutive. Therefore, the net loss for the three and nine months ended September 30, 2024 and 2023 was attributed to common stockholders only.

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):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Numerator:
Net loss attributable to Forge Global Holdings, Inc., basic	$	(18,342)	$	(18,348)	$	(50,690)	$	(64,425)
Net loss attributable to common stockholders, diluted	$	(18,342)	$	(18,348)	$	(50,690)	$	(64,425)
Denominator:
Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic	184,158,571		173,957,880		182,261,198		173,045,721
Weighted-average number of shares used to compute net loss per share attributable to common stockholders, diluted	184,158,571		173,957,880		182,261,198		173,045,721
Net loss per share attributed to common stockholders:
Basic	$	(0.10)	$	(0.11)	$	(0.28)	$	(0.37)
Diluted	$	(0.10)	$	(0.11)	$	(0.28)	$	(0.37)

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

	September 30, 2024	September 30, 2023
Warrants to purchase common stock(1)	3,282,652	3,282,652
Private Placement Warrants	7,386,667	7,386,667
Early exercised options	216,651	505,104
Outstanding options	7,187,837	8,401,764
Restricted stock units	14,625,747	18,777,909
Total	32,699,554	38,354,096

(1) Warrants to purchase common stock includes the December 2023 Warrants. See Note 10, "Warrants" for additional information.