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
Cash flows from operating activities:
Net loss	(67,843)	(91,549)	(111,905)	(9,712)
Adjustments to reconcile net loss to net cash used in operations:
Share-based compensation	30,489	34,334	57,924	4,906
Depreciation and amortization	6,658	6,954	6,026	2,406
Transaction expenses related to the Merger	—	—	3,132	0
Amortization of right-of-use assets	2,654	3,153	3,999	1,638
Loss on impairment of long lived assets	1,052	599	446	0
Allowance for credit losses	238	270	433	424
Change in fair value of warrant liabilities	(9,424)	6,465	(19,836)	292
Series B-1 Convertible Preferred Stock	—	—	100	100
Junior Convertible Preferred Stock	—	—	4,000	200
Change in fair value of contingent liability	0	2,545	—	—
Settlement of related party promissory notes	—	0	5,517	0
Other	(10)	(625)	0	462
Changes in operating assets and liabilities:
Accounts receivable	(877)	(792)	1,403	(3,386)
Prepaid expenses and other assets	(1,340)	2,018	(3,321)	(2,191)
Accounts payable	284	(1,216)	904	(1,683)
Accrued expenses and other liabilities	(2,267)	2,805	(788)	2,138
Accrued compensation and benefits	2,426	(2,267)	(7,911)	3,869
Operating lease liabilities	(2,573)	(4,150)	(4,829)	(1,691)
Net cash used in operating activities	(40,533)	(41,456)	(68,806)	(2,528)
Cash flows from investing activities:
Cash paid for acquisitions, net of cash acquired	—	—	0	(13,114)
Receipts of term deposit maturities	6,559	2,115	—	—
Purchases of property and equipment	(792)	(527)	(220)	(13)
Purchases of term deposit	0	(9,748)	—	—
Purchases of intangible assets	—	0	(118)	0
Capitalized internal-use software development costs	(296)	0	(6,312)	(1,149)
Loan to SharesPost	—	—	0	(3,000)
Payment of deferred payments related to IRA Services acquisition	—	—	0	(6,097)
Net cash provided by (used in) investing activities	5,471	(8,160)	(6,650)	(23,373)
Cash flows from financing activities:
Proceeds from exercise of options	528	710	1,086	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
Proceeds from exercise of Public Warrants	—	0	22,940	0
Proceeds from notes payable	—	—	0	25,566
Formation of Forge Europe	—	0	9,488	0
Proceeds from the Merger	—	0	7,865	0
Payments for redemption of Public Warrants	—	0	(165)	0
Payments for offering costs	—	0	(56,852)	0
Series B-1 Convertible Preferred Stock	—	0	0	41,527
Series B-2 Convertible Preferred Stock	—	0	0	0
Cash paid to purchase equity awards	—	0	0	(49)
Repayment of notes payable	—	0	0	(27,688)
Net cash (used in) provided by financing activities	(3,891)	57	192,862	39,380
Effect of changes in currency exchange rates on cash and cash equivalents	(575)	378	1,155	0
Net decrease in cash and cash equivalents	(39,528)	(49,181)	118,561	13,479
Cash, cash equivalents and restricted cash, beginning of the period	145,784	194,965	76,404	28,699
Cash, cash equivalents and restricted cash, end of the period	106,256	145,784	194,965	1,674.65
Supplemental disclosures of cash flow information:
Cash paid for interest	—	0	0	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
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
Assumption of merger warrants liability	—	0	1,554	32
Warrant liability reclassified to additional paid-in capital upon exercise of Public Warrants	—	—	698	0
Reclassification of deferred offering costs to equity	—	0	193	0
Issuance of common stock upon settlement of related party promissory notes	—	0	4,207	0
Early exercise of stock options upon settlement of related party promissory notes	—	—	1,310	0
Warrants issued in connection with A&R FPA	—	0	0	0
Conversion of May 2020 and October 2020 preferred stock warrants of Legacy Forge to common stock warrants	—	0	13,983	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
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
Deferred payments related to SharesPost acquisition	—	—	0	783
Forgiveness of loan to SharesPost in relation to acquisition	—	—	0	3,000
Junior Convertible Preferred Stock	—	—	0	20,383
Junior Convertible Preferred Stock Warrants	—	—	0	1,285
Class AA Common Stock	—	—	0	44,817
Reclassification of deferred offering costs to equity	—	—	5,923	0
Conversion of preferred stock	—	—	246,049	0
Conversion of May 2020 and October 2020 preferred stock warrants of Legacy Forge to common stock warrants	—	—	2,949	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
Series B-1 Convertible Preferred Stock	—	0	0	9,940
Warrant issued in connection with issuance of convertible notes payable	—	—	0	51
Warrant issued in connection with issuance of term loan	—	—	0	151

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.