XML 17 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 54,310 $ 105,140
Restricted cash 1,138 1,116
Accounts receivable, net of allowances of $1.5 million and $1.3 million, respectively 8,119 4,706
Prepaid expenses and other current assets 10,020 8,205
Investments 26,393 0
Total current assets 99,980 119,167
Internal-use software, property and equipment, net 1,557 2,920
Goodwill and other intangible assets, net 126,055 126,456
Operating lease right-of-use assets 3,985 5,107
Payment-dependent notes receivable 9,604 7,412
Other assets, noncurrent 1,664 2,444
Total assets 242,845 263,506
Current liabilities:    
Accounts payable 2,744 1,941
Accrued compensation and benefits 13,600 13,430
Accrued expenses and other current liabilities 6,765 6,310
Operating lease liabilities, current 2,032 3,463
Total current liabilities 25,141 25,144
Operating lease liabilities, noncurrent 3,231 3,694
Payment-dependent notes payable 9,604 7,412
Warrant liabilities 296 192
Other liabilities, noncurrent 329 322
Total liabilities 38,601 36,764
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 100,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value; 133,333 shares authorized; 12,411 and 12,427 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 1 1
Treasury stock, at cost; 10 shares as of both June 30, 2025 and December 31, 2024, respectively (625) (625)
Additional paid-in capital 575,676 570,606
Accumulated other comprehensive income 1,193 572
Accumulated deficit (375,724) (346,972)
Total Forge Global Holdings, Inc. stockholders’ equity 200,521 223,582
Noncontrolling Interest 3,723 3,160
Total stockholders’ equity 204,244 226,742
Total liabilities and stockholders’ equity $ 242,845 $ 263,506