FRGE · As filed with the SEC
Forge Global Holdings cash flow statement, by fiscal year
The statement as Forge Global Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statement of Cash Flows · USD thousands
| USD thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2020 | Year ended Dec 31, 2020 Year ended Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||
| Net loss | (67,843) | (91,549) | (111,905) | (9,712) | (9,712) |
| Adjustments to reconcile net loss to net cash used in operations: | |||||
| Share-based compensation | 30,489 | 34,334 | 57,924 | 4,906 | 4,906 |
| Depreciation and amortization | 6,658 | 6,954 | 6,026 | 2,406 | 2,406 |
| Transaction expenses related to the Merger | — | — | 3,132 | 0 | 0 |
| Amortization of right-of-use assets | 2,654 | 3,153 | 3,999 | 1,638 | 1,638 |
| Loss on impairment of long lived assets | 1,052 | 599 | 446 | 0 | 0 |
| Allowance for credit losses | 238 | 270 | 433 | 424 | 424 |
| Change in fair value of warrant liabilities | (9,424) | 6,465 | (19,836) | 292 | 292 |
| Series B-1 Convertible Preferred Stock | — | — | 100 | 100 | 100 |
| Junior Convertible Preferred Stock | — | — | 4,000 | 200 | 200 |
| Change in fair value of contingent liability | 0 | 2,545 | — | — | — |
| Settlement of related party promissory notes | — | 0 | 5,517 | 0 | 0 |
| Other | (10) | (625) | 0 | 462 | 462 |
| Changes in operating assets and liabilities: | |||||
| Accounts receivable | (877) | (792) | 1,403 | (3,386) | (3,386) |
| Prepaid expenses and other assets | (1,340) | 2,018 | (3,321) | (2,191) | (2,191) |
| Accounts payable | 284 | (1,216) | 904 | (1,683) | (1,683) |
| Accrued expenses and other liabilities | (2,267) | 2,805 | (788) | 2,138 | 2,138 |
| Accrued compensation and benefits | 2,426 | (2,267) | (7,911) | 3,869 | 3,869 |
| Operating lease liabilities | (2,573) | (4,150) | (4,829) | (1,691) | (1,691) |
| Net cash used in operating activities | (40,533) | (41,456) | (68,806) | (2,528) | (2,528) |
| Cash flows from investing activities: | |||||
| Cash paid for acquisitions, net of cash acquired | — | — | 0 | (13,114) | (13,114) |
| Receipts of term deposit maturities | 6,559 | 2,115 | — | — | — |
| Purchases of property and equipment | (792) | (527) | (220) | (13) | (13) |
| Purchases of term deposit | 0 | (9,748) | — | — | — |
| Purchases of intangible assets | — | 0 | (118) | 0 | 0 |
| Capitalized internal-use software development costs | (296) | 0 | (6,312) | (1,149) | (1,149) |
| Loan to SharesPost | — | — | 0 | (3,000) | (3,000) |
| Payment of deferred payments related to IRA Services acquisition | — | — | 0 | (6,097) | (6,097) |
| Net cash provided by (used in) investing activities | 5,471 | (8,160) | (6,650) | (23,373) | (23,373) |
| Cash flows from financing activities: | |||||
| Proceeds from exercise of options | 528 | 710 | 1,086 | 24 | 24 |
| Taxes withheld and paid related to net share settlement of equity awards | (4,419) | (653) | — | — | — |
| Proceeds from PIPE investment and A&R FPA investors | — | 0 | 208,500 | 0 | 0 |
| Proceeds from exercise of Public Warrants | — | 0 | 22,940 | 0 | 0 |
| Proceeds from notes payable | — | — | 0 | 25,566 | 25,566 |
| Formation of Forge Europe | — | 0 | 9,488 | 0 | 0 |
| Proceeds from the Merger | — | 0 | 7,865 | 0 | 0 |
| Payments for redemption of Public Warrants | — | 0 | (165) | 0 | 0 |
| Payments for offering costs | — | 0 | (56,852) | 0 | 0 |
| Series B-1 Convertible Preferred Stock | — | 0 | 0 | 41,527 | 41,527 |
| Series B-2 Convertible Preferred Stock | — | 0 | 0 | 0 | 0 |
| Cash paid to purchase equity awards | — | 0 | 0 | (49) | (49) |
| Repayment of notes payable | — | 0 | 0 | (27,688) | (27,688) |
| Net cash (used in) provided by financing activities | (3,891) | 57 | 192,862 | 39,380 | 39,380 |
| Effect of changes in currency exchange rates on cash and cash equivalents | (575) | 378 | 1,155 | 0 | 0 |
| Net decrease in cash and cash equivalents | (39,528) | (49,181) | 118,561 | 13,479 | 13,479 |
| Cash, cash equivalents and restricted cash, beginning of the period | 145,784 | 194,965 | 76,404 | 28,699 | 28,699 |
| Cash, cash equivalents and restricted cash, end of the period | 106,256 | 145,784 | 194,965 | 1,674.65 | 42,178 |
| Supplemental disclosures of cash flow information: | |||||
| Cash paid for interest | — | 0 | 0 | 425 | 425 |
| Cash paid for taxes | 913 | — | — | — | — |
| Supplemental disclosure of non-cash investing and financing activities: | |||||
| Lease liabilities arising from obtaining right-of-use assets | 4,506 | 1,755 | 3,087 | 0 | 0 |
| Vesting of early exercised stock options and restricted stock awards | 144 | 262 | — | — | — |
| Purchase of property and equipment accrued and not yet paid | 20 | 250 | — | — | — |
| Conversion of preferred stock | — | 0 | 3,080 | 0 | 0 |
| Assumption of merger warrants liability | — | 0 | 1,554 | 32 | 32 |
| Warrant liability reclassified to additional paid-in capital upon exercise of Public Warrants | — | — | 698 | 0 | 0 |
| Reclassification of deferred offering costs to equity | — | 0 | 193 | 0 | 0 |
| Issuance of common stock upon settlement of related party promissory notes | — | 0 | 4,207 | 0 | 0 |
| Early exercise of stock options upon settlement of related party promissory notes | — | — | 1,310 | 0 | 0 |
| Warrants issued in connection with A&R FPA | — | 0 | 0 | 0 | 0 |
| Conversion of May 2020 and October 2020 preferred stock warrants of Legacy Forge to common stock warrants | — | 0 | 13,983 | 0 | 0 |
| Early exercise of stock options upon settlement of related party promissory notes | — | 0 | — | — | — |
| Warrant liability reclassified to additional paid-in capital upon exercise of Public Warrants | — | 0 | 653 | 0 | 0 |
| Warrant liability reclassified to additional paid-in capital upon exercise of Junior Preferred Stock Warrants | — | 0 | — | — | — |
| Non-cash assets acquired in the Merger | — | 0 | — | — | — |
| Capitalized internal-use software development costs accrued and not yet paid | 56 | 0 | 180 | 0 | 0 |
| Deferred payments related to SharesPost acquisition | — | — | 0 | 783 | 783 |
| Forgiveness of loan to SharesPost in relation to acquisition | — | — | 0 | 3,000 | 3,000 |
| Junior Convertible Preferred Stock | — | — | 0 | 20,383 | 20,383 |
| Junior Convertible Preferred Stock Warrants | — | — | 0 | 1,285 | 1,285 |
| Class AA Common Stock | — | — | 0 | 44,817 | 44,817 |
| Reclassification of deferred offering costs to equity | — | — | 5,923 | 0 | 0 |
| Conversion of preferred stock | — | — | 246,049 | 0 | 0 |
| Conversion of May 2020 and October 2020 preferred stock warrants of Legacy Forge to common stock warrants | — | — | 2,949 | 0 | 0 |
| Exchange of Class AA common stock for Series B-1 convertible preferred stock | — | 0 | — | — | — |
| Deferred offering cost accrued and not yet paid | — | 0 | 0 | 0 | 0 |
| Series B-1 Convertible Preferred Stock | — | 0 | 0 | 9,940 | 9,940 |
| Warrant issued in connection with issuance of convertible notes payable | — | — | 0 | 51 | 51 |
| Warrant issued in connection with issuance of term loan | — | — | 0 | 151 | 151 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.