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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 19,216 $ 18,563 $ 60,740 $ 50,762
Transaction-based expenses:        
Transaction-based expenses (73) (148) (358) (250)
Total revenues, less transaction-based expenses 19,143 18,415 60,382 50,512
Operating expenses:        
Compensation and benefits 28,750 27,650 87,377 78,566
Technology and communications 3,185 3,763 8,894 10,628
Professional services 2,435 2,883 6,257 8,884
Advertising and market development 1,015 910 3,348 2,463
Rent and occupancy 1,036 1,142 3,278 3,616
General and administrative 1,877 1,870 9,447 8,143
Depreciation and amortization 1,748 1,710 5,345 5,246
Total operating expenses 40,046 39,928 123,946 117,546
Operating loss (20,903) (21,513) (63,564) (67,034)
Interest and other income (expense):        
Interest income 1,307 1,725 4,511 4,553
Change in fair value of warrant liabilities 931 907 7,659 (2,715)
Other income, net 119 215 288 647
Total interest and other income 2,357 2,847 12,458 2,485
Loss before provision for income taxes (18,546) (18,666) (51,106) (64,549)
Provision for income taxes 298 291 772 769
Net loss (18,844) (18,957) (51,878) (65,318)
Net loss attributable to noncontrolling interest (502) (609) (1,188) (893)
Net loss attributable to Forge Global Holdings, Inc. $ (18,342) $ (18,348) $ (50,690) $ (64,425)
Net loss per share attributable to Forge Global Holdings, Inc. common stockholders:        
Basic (in dollars per share) $ (0.10) $ (0.11) $ (0.28) $ (0.37)
Diluted (in dollars per share) $ (0.10) $ (0.11) $ (0.28) $ (0.37)
Weighted-average shares used in computing net loss per share attributable to Forge Global Holdings, Inc. common stockholders:        
Basic (in shares) 184,158,571 173,957,880 182,261,198 173,045,721
Diluted (in shares) 184,158,571 173,957,880 182,261,198 173,045,721
Marketplace revenues        
Revenues:        
Total revenues $ 8,713 $ 7,283 $ 28,912 $ 17,638
Custodial administration fees        
Revenues:        
Total revenues $ 10,503 $ 11,280 $ 31,828 $ 33,124