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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 105,140 $ 144,722
Restricted cash 1,116 1,062
Accounts receivable, net 4,706 4,067
Prepaid expenses and other current assets 8,205 13,253
Total current assets 119,167 163,104
Internal-use software, property and equipment, net 2,920 5,192
Goodwill and other intangible assets, net 126,456 129,919
Operating lease right-of-use assets 5,107 4,308
Payment-dependent notes receivable, noncurrent 7,412 5,593
Other assets, noncurrent 2,444 2,615
Total assets 263,506 310,731
Current liabilities:    
Accounts payable 1,941 1,831
Accrued compensation and benefits 13,430 11,004
Accrued expenses and other current liabilities 6,310 8,861
Operating lease liabilities, current 3,463 2,516
Total current liabilities 25,144 24,212
Operating lease liabilities, noncurrent 3,694 2,707
Payment-dependent notes payable, noncurrent 7,412 5,593
Warrant liabilities 192 9,616
Other liabilities, noncurrent 322 185
Total liabilities 36,764 42,313
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 100,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 2,000,000,000 shares authorized; 186,399,412 and 176,899,814 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 19 18
Treasury stock, at cost; 157,193 shares as of both December 31, 2024 and December 31, 2023, respectively (625) (625)
Additional paid-in capital 570,588 543,846
Accumulated other comprehensive income 572 911
Accumulated deficit (346,972) (280,638)
Total Forge Global Holdings, Inc. stockholders’ equity 223,582 263,512
Noncontrolling interest 3,160 4,906
Total stockholders’ equity [1] 226,742 268,418
Total liabilities and stockholders’ equity $ 263,506 $ 310,731
[1] Balances may not foot due to rounding