Forge Global (FRGE) 10-Q7 Nov 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2023	Nov. 07, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-04321
Entity Registrant Name	Forge Global Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	98-1561111
Entity Address, Address Line One	415 Mission Street
Entity Address, Address Line Two	Suite 5510
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	(415)
Local Phone Number	881-1612
Title of 12(b) Security	Common stock, par value $0.0001 per share
Trading Symbol	FRGE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		175,272,598
Entity Central Index Key	0001827821
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 155,127	$ 193,136
Restricted cash	1,299	1,829
Accounts receivable, net	3,871	3,544
Prepaid expenses and other current assets	10,148	8,379
Total current assets	170,445	206,888
Property and equipment, net	317	359
Internal-use software, net	5,023	7,640
Goodwill and other intangible assets, net	130,897	133,887
Operating lease right-of-use assets	3,379	5,706
Payment-dependent notes receivable, noncurrent	5,763	7,371
Other assets, noncurrent	1,696	1,878
Total assets	317,520	363,729
Current liabilities:
Accounts payable	1,480	2,797
Accrued compensation and benefits	8,798	13,271
Accrued expenses and other current liabilities	8,121	6,421
Operating lease liabilities, current	2,300	3,896
Total current liabilities	20,699	26,385
Operating lease liabilities, noncurrent	2,002	3,541
Payment-dependent notes payable, noncurrent	5,763	7,371
Warrant liabilities	3,321	606
Other liabilities, noncurrent	185	365
Total liabilities	31,970	38,268
Commitments and contingencies (Note 8)
Stockholders’ equity:
Common stock, $0.0001 par value; 175,173,113 and 172,560,916 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	18	18
Additional paid-in capital	534,659	509,094
Accumulated other comprehensive income	601	693
Accumulated deficit	(254,843)	(190,418)
Total Forge Global Holdings, Inc. stockholders’ equity	280,435	319,387
Noncontrolling Interest	5,115	6,074
Total stockholders’ equity	285,550	325,461
Total liabilities and stockholders’ equity	$ 317,520	$ 363,729

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022	Mar. 21, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares issued (in shares)	175,173,113	172,560,916
Common stock, shares outstanding (in shares)	175,173,113	172,560,916

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues:
Total revenues	$ 18,563	$ 15,900	$ 50,762	$ 52,562
Transaction-based expenses:
Transaction-based expenses	(148)	(86)	(250)	(397)
Total revenues, less transaction-based expenses	18,415	15,814	50,512	52,165
Operating expenses:
Compensation and benefits	27,650	44,040	78,566	115,064
Professional services	2,883	3,799	8,884	11,169
Acquisition-related transaction costs	0	821	0	5,219
Advertising and market development	910	928	2,463	3,873
Rent and occupancy	1,142	1,097	3,616	3,803
Technology and communications	3,763	3,536	10,628	8,368
General and administrative	1,870	2,601	8,143	7,373
Depreciation and amortization	1,710	1,428	5,246	4,531
Total operating expenses	39,928	58,250	117,546	159,400
Operating loss	(21,513)	(42,436)	(67,034)	(107,235)
Interest and other income (expenses):
Interest income	1,725	874	4,553	1,161
Change in fair value of warrant liabilities	907	25,210	(2,715)	19,808
Other income (expenses), net	215	202	647	731
Total interest income and other income (expenses)	2,847	26,286	2,485	21,700
Loss before provision for income taxes	(18,666)	(16,150)	(64,549)	(85,535)
Provision for income taxes	291	48	769	206
Net loss	(18,957)	(16,198)	(65,318)	(85,741)
Net loss attributable to noncontrolling interest	(609)	0	(893)	0
Net loss attributable to Forge Global Holdings, Inc.	$ (18,348)	$ (16,198)	$ (64,425)	$ (85,741)
Net loss per share attributable to Forge Global Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ (0.11)	$ (0.10)	$ (0.37)	$ (0.64)
Diluted (in dollars per share)	$ (0.11)	$ (0.12)	$ (0.37)	$ (0.66)
Weighted-average shares used in computing net loss per share attributable to Forge Global Holdings, Inc. common stockholders:
Basic (in shares)	173,957,880	169,838,778	173,045,721	134,683,950
Diluted (in shares)	173,957,880	170,209,256	173,045,721	135,960,612
Placement fees
Revenues:
Total revenues	$ 7,283	$ 8,227	$ 17,638	$ 33,763
Custodial administration fees
Revenues:
Total revenues	$ 11,280	$ 7,673	$ 33,124	$ 18,799

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (18,957)	$ (16,198)	$ (65,318)	$ (85,741)
Foreign currency translation adjustment	(333)	(159)	(158)	(159)
Comprehensive loss	(19,290)	(16,357)	(65,476)	(85,900)
Less: Comprehensive loss attributable to noncontrolling interest	(745)	(64)	(959)	(64)
Comprehensive loss attributable to Forge Global Holdings, Inc.	$ (18,545)	$ (16,293)	$ (64,517)	$ (85,836)

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Previously Reported	Revision of Prior Period, Adjustment	Common Stock	Common Stock Previously Reported	Common Stock Revision of Prior Period, Adjustment	Additional Paid-In Capital	Additional Paid-In Capital Previously Reported	Additional Paid-In Capital Revision of Prior Period, Adjustment	Accumulated Deficit	Accumulated Deficit Previously Reported	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Previously Reported	Noncontrolling Interest	Noncontrolling Interest Previously Reported
Beginning balance (in shares) at Dec. 31, 2021	73,914,149	23,668,198	50,245,951
Beginning balance at Dec. 31, 2021	$ 246,056	$ 246,056
Increase (Decrease) in Temporary Equity [Roll Forward]
Conversion of preferred stock to common stock (in shares)	(73,914,149)
Conversion of preferred stock to common stock	$ (246,056)
Ending balance (in shares) at Mar. 31, 2022	0
Ending balance at Mar. 31, 2022	$ 0
Beginning balance (in shares) at Dec. 31, 2021				63,090,701	20,269,864	43,031,139
Beginning balance at Dec. 31, 2021	(52,640)	$ (52,640)		$ 5		$ 5	$ 25,914	$ 25,919	$ (5)	$ (78,559)	$ (78,559)	$ 0	$ 0	$ 0	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Pre-close issuance of common stock upon exercise of vested options (in shares)				190,505
Pre-close issuance of common stock upon exercise of vested options	102						102
Pre-close issuance of common stock upon exercise of unvested options (in shares)				4,472
Pre-close issuance of common stock for services (in shares)				62,952
Pre-close issuance of common stock for services	621						621
Conversion of preferred stock to common stock (in shares)				73,914,149
Conversion of preferred stock to common stock	246,056			$ 7			246,049
Conversion of May 2020 and October 2020 preferred stock warrants of Legacy Forge to common stock warrants	2,949						2,949
Settlement of promissory notes	4,207			$ 2			4,205
Issuance of common stock upon Merger (net of redemptions), including PIPE and A&R FPA investors, net of transaction costs (in shares)				31,961,047
Issuance of common stock upon Merger (net of redemptions), including PIPE and A&R FPA investors, net of transaction costs	140,811			$ 3			140,808
Vesting of early exercised stock options and restricted stock awards	409						409
Share-based compensation expense	7,948						7,948
Net loss	(64,424)									(64,424)
Ending balance (in shares) at Mar. 31, 2022				169,223,826
Ending balance at Mar. 31, 2022	$ 286,039			$ 17			429,005			(142,983)		0		0
Beginning balance (in shares) at Dec. 31, 2021	73,914,149	23,668,198	50,245,951
Beginning balance at Dec. 31, 2021	$ 246,056	$ 246,056
Ending balance (in shares) at Sep. 30, 2022	0
Ending balance at Sep. 30, 2022	$ 0
Beginning balance (in shares) at Dec. 31, 2021				63,090,701	20,269,864	43,031,139
Beginning balance at Dec. 31, 2021	(52,640)	$ (52,640)		$ 5		$ 5	25,914	$ 25,919	$ (5)	(78,559)	$ (78,559)	0	$ 0	0	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Pre-close issuance of common stock for services							600
Net loss	(85,741)
Foreign currency translation adjustment	(159)
Ending balance (in shares) at Sep. 30, 2022				172,442,676
Ending balance at Sep. 30, 2022	$ 337,809			$ 18			496,592			(164,300)		(95)		5,594
Beginning balance (in shares) at Mar. 31, 2022	0
Beginning balance at Mar. 31, 2022	$ 0
Ending balance (in shares) at Jun. 30, 2022	0
Ending balance at Jun. 30, 2022	$ 0
Beginning balance (in shares) at Mar. 31, 2022				169,223,826
Beginning balance at Mar. 31, 2022	286,039			$ 17			429,005			(142,983)		0		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of Public Warrants (in shares)				1,994,022
Issuance of common stock upon exercise of Public Warrants	23,629						23,629
Issuance of common stock upon exercise of vested options (in shares)				146,232
Issuance of common stock upon exercise of vested options	401						401
Vesting of early exercised stock options and restricted stock awards	638						638
Share-based compensation expense	10,903						10,903
Net loss	(5,119)									(5,119)
Ending balance (in shares) at Jun. 30, 2022				171,364,080
Ending balance at Jun. 30, 2022	$ 316,491			$ 17			464,576			(148,102)		0		0
Ending balance (in shares) at Sep. 30, 2022	0
Ending balance at Sep. 30, 2022	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon release of restricted stock units (in shares)				43,142
Issuance of common stock upon exercise of Public Warrants (in shares)				768
Issuance of common stock upon exercise of Public Warrants	9						9
Issuance of common stock upon exercise of vested options (in shares)				622,929
Issuance of common stock upon exercise of vested options	365						364
Pre-close issuance of common stock upon exercise of unvested options (in shares)				78,076
Issuance of common stock upon exercise of Junior Preferred Stock Warrants (in shares)				123,379
Issuance of common stock upon exercise of Junior Preferred Stock Warrants	653						653
Issuance of common stock upon Merger (in shares)				210,302
Formation of Forge Europe	9,488						3,830							5,658
Vesting of early exercised stock options and restricted stock awards	193						193
Share-based compensation expense	26,967						26,967
Net loss	(16,198)									(16,198)
Foreign currency translation adjustment	(159)											(95)		(64)
Ending balance (in shares) at Sep. 30, 2022				172,442,676
Ending balance at Sep. 30, 2022	337,809			$ 18			496,592			(164,300)		(95)		5,594
Beginning balance (in shares) at Dec. 31, 2022				172,560,916
Beginning balance at Dec. 31, 2022	325,461			$ 18			509,094			(190,418)		693		6,074
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon release of restricted stock units (in shares)				1,464,968
Tax withholding related to vesting of restricted stock units (in shares)				(326,812)
Tax withholding related to vesting of restricted stock units	(557)						(557)
Repurchase of early exercised stock options (in shares)				(8,132)
Issuance of common stock upon exercise of vested options (in shares)				117,215
Issuance of common stock upon exercise of vested options	61						61
Vesting of early exercised stock options and restricted stock awards	131						131
Share-based compensation expense	7,401						7,401
Net loss	(21,261)									(21,188)				(73)
Foreign currency translation adjustment	228											137		91
Ending balance (in shares) at Mar. 31, 2023				173,808,155
Ending balance at Mar. 31, 2023	311,464			$ 18			516,130			(211,606)		830		6,092
Beginning balance (in shares) at Dec. 31, 2022				172,560,916
Beginning balance at Dec. 31, 2022	325,461			$ 18			509,094			(190,418)		693		6,074
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(65,318)
Foreign currency translation adjustment	(158)
Ending balance (in shares) at Sep. 30, 2023				175,173,113
Ending balance at Sep. 30, 2023	285,550			$ 18			534,659			(254,843)		601		5,115
Beginning balance (in shares) at Mar. 31, 2023				173,808,155
Beginning balance at Mar. 31, 2023	311,464			$ 18			516,130			(211,606)		830		6,092
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon release of restricted stock units (in shares)				243,473
Issuance of common stock upon exercise of vested options (in shares)				335,085
Issuance of common stock upon exercise of vested options	269						269
Vesting of early exercised stock options and restricted stock awards	67						67
Share-based compensation expense	8,809						8,809
Net loss	(25,100)									(24,889)				(211)
Foreign currency translation adjustment	(53)											(32)		(21)
Ending balance (in shares) at Jun. 30, 2023				174,386,713
Ending balance at Jun. 30, 2023	295,456			$ 18			525,275			(236,495)		798		5,860
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon release of restricted stock units (in shares)				740,880
Repurchase of early exercised stock options (in shares)				(194,400)
Issuance of common stock upon exercise of vested options (in shares)				239,920
Issuance of common stock upon exercise of vested options	124						124
Vesting of early exercised stock options and restricted stock awards	27						27
Share-based compensation expense	9,233						9,233
Net loss	(18,957)									(18,348)				(609)
Foreign currency translation adjustment	(333)											(197)		(136)
Ending balance (in shares) at Sep. 30, 2023				175,173,113
Ending balance at Sep. 30, 2023	$ 285,550			$ 18			$ 534,659			$ (254,843)		$ 601		$ 5,115

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) (Parentheticals) - USD ($) $ in Thousands		3 Months Ended
	Mar. 21, 2022	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Adjustments to stock issuance costs	$ 58,700	$ 58,673

Unaudited Condensed Consolida_7

Unaudited Condensed Consolidated Statement of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (65,318,000)	$ (85,741,000)
Adjustments to reconcile net loss to net cash (used in) provided by operations:
Share-based compensation	25,443,000	45,974,000
Depreciation and amortization	5,247,000	4,531,000
Transaction expenses related to the Merger	0	3,132,000
Amortization of right-of-use assets	2,327,000	2,819,000
Loss on impairment of long lived assets	536,000	446,000
Allowance for doubtful accounts	529,000	294,000
Change in fair value of warrant liabilities	2,715,000	(19,808,000)
Settlement of related party promissory notes (Note 3)	0	5,517,000
Changes in operating assets and liabilities:
Accounts receivable	(857,000)	2,042,000
Prepaid expenses and other assets	1,590,000	(4,265,000)
Accounts payable	(1,318,000)	(43,000)
Accrued expenses and other liabilities	2,011,000	402,000
Accrued compensation and benefits	(4,472,000)	(11,118,000)
Operating lease liabilities	(3,317,000)	(3,942,000)
Net cash used in operating activities	(34,884,000)	(59,760,000)
Cash flows from investing activities:
Purchases of property and equipment	(113,000)	(116,000)
Purchases of intangible assets	0	(126,000)
Capitalized internal-use software development costs	0	(4,590,000)
Purchases of certificates of deposit	(3,180,000)	0
Net cash used in investing activities	(3,293,000)	(4,832,000)
Cash flows from financing activities:
Proceeds from the Merger	0	7,865,000
Proceeds from PIPE investment and A&R FPA investors	0	208,500,000
Payments for offering costs	0	(56,852,000)
Proceeds from exercise of Public Warrants	0	22,940,000
Proceeds from exercise of options, including proceeds from repayment of promissory notes	353,000	997,000
Taxes withheld and paid related to net share settlement of equity awards	(557,000)	0
Formation of Forge Europe	0	9,488,000
Payments for redemption of Public Warrants	0	(165,000)
Net cash (used in) provided by financing activities	(204,000)	192,773,000
Effect of changes in currency exchange rates on cash and cash equivalents	(158,000)	(159,000)
Net (decrease) increase in cash and cash equivalents	(38,539,000)	128,022,000
Cash, cash equivalents and restricted cash, beginning of the period	194,965,000	76,404,000
Cash, cash equivalents and restricted cash, end of the period	156,426,000	204,426,000
Reconciliation of cash, cash equivalents and restricted cash to the amounts reported within the consolidated balance sheets
Cash and cash equivalents	155,127,000	202,603,000
Restricted cash	1,299,000	1,823,000
Total cash, cash equivalents and restricted cash, end of the period	156,426,000	204,426,000
Supplemental disclosure of non-cash investing and financing activities:
Capitalized internal-use software development costs accrued and not yet paid	0	234,000
Reclassification of deferred offering costs to equity	0	5,932,000
Conversion of preferred stock	0	246,049,000
Conversion of May 2020 and October 2020 preferred stock warrants of Legacy Forge to common stock warrants	0	2,949,000
Non-cash assets acquired in the Merger	0	193,000
Warrants issued in connection with A&R FPA	0	3,080,000
Assumption of Merger warrants liability	0	13,983,000
Vesting of early exercised stock options and restricted stock awards	225,000	1,240,000
Warrant liability reclassified to additional paid-in capital upon exercise of Public Warrants	0	698,000
Warrant liability reclassified to additional paid-in capital upon exercise of Junior Preferred Stock Warrants	0	653,000
Issuance of common stock upon settlement of related party promissory notes	0	4,207,000
Early exercise of stock options upon settlement of related party promissory notes	$ 0	$ 1,310,000

Organization and Description of

Organization and Description of Business	9 Months Ended
Organization and Description of Business	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business Forge Global Holdings, Inc. (the “Company” and f/k/a Motive Capital Corp) is a financial services platform headquartered in San Francisco, California. The Company offers a trusted trading platform, proprietary data, and insights to inform investment strategies, along with custody services to help companies, stockholders, institutions, and accredited investors confidently navigate and transact in the private market. The Company's scaled and integrated business model is at the nexus of the private market ecosystem, which it believes creates a sustaining competitive advantage fueling its clients' participation in the private market and the Company's growth. On March 21, 2022 (the “Closing Date”), the Company consummated the Business Combination (as defined below) pursuant to the terms of the Agreement and Plan of Merger dated September 13, 2021 (the "Merger Agreement"), by and among Motive Capital Corp, a blank check company incorporated as a Cayman Islands exempted company in 2020 (“MOTV”), FGI Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of MOTV (“Merger Sub”), and Forge Global, Inc., a Delaware corporation (“Legacy Forge”). Pursuant to the Merger Agreement, on the Closing Date, immediately prior to the consummation of the Business Combination, MOTV changed its jurisdiction of incorporation from the Cayman Islands to the State of Delaware and changed its corporate name to "Forge Global Holdings, Inc." (the “Domestication”). On the Closing Date, Merger Sub merged with and into Legacy Forge (the "Merger"), with Legacy Forge surviving the Merger as a direct, wholly-owned subsidiary of the Company (together with the Merger, the Domestication, and the other transactions contemplated by the Merger Agreement, the “Business Combination”). The Merger was accounted for as a reverse recapitalization with Legacy Forge being the accounting acquirer and MOTV as the acquired company for accounting purposes. Accordingly, all historical financial information presented in the unaudited condensed consolidated financial statements represents the accounts of Legacy Forge and its wholly-owned subsidiaries as if Legacy Forge is the predecessor to the Company. The shares and net loss per common share prior to the Merger have been retroactively restated as shares reflecting the exchange ratio (the "Exchange Ratio") as established by the Merger Agreement (each outstanding share of Legacy Forge Class A common stock was exchanged for approximately 3.122931 shares of the Company’s common stock, including all shares of Legacy Forge preferred stock, which were converted to shares of Legacy Forge's Class A common stock immediately prior to the Merger). See Note 3, “Recapitalization,” for additional information. Forge Europe GmbH In September 2022, the Company and Deutsche Börse Aktiengesellschaft (“DBAG,” a German company and together with the Company, the “Investors”) formed an entity, Forge Europe GmbH (“Forge Europe”), to further expand the Company’s business in the European market. Upon formation, the Investors contributed to Forge Europe an aggregate cash amount of $14.1 million (the “Cash Consideration”) and certain of the Company’s intangible assets (the “Noncash Consideration”). $4.6 million of the Cash Consideration was contributed by the Company and $9.5 million was contributed by DBAG. The Company has a majority ownership interest in Forge Europe and accounts for Forge Europe as a fully consolidated subsidiary. The remaining interest, held by DBAG (a related party of the Company), is reported as a noncontrolling interest in the unaudited condensed consolidated financial statements.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company, and its subsidiaries and have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). All intercompany balances and transactions have been eliminated in consolidation. In the normal course of business, the Company has transactions with various investment entities. In certain instances, the Company provides investment advisory services to pooled investment vehicles (each, an “Investment Fund”). The Company does not have discretion to make any investment, except for the specific investment for which an Investment Fund was formed. The Company performs an assessment to determine (a) whether the Company’s investments or other interests will absorb portions of a variable interest entity’s expected losses or receive portions of the entity’s expected residual returns and (b) whether the Company’s involvement, through holding interests directly or indirectly in the entity would give it a controlling financial interest. The Company consolidates entities in which it, directly or indirectly, is determined to have a controlling financial interest. Consolidation conclusions are reviewed quarterly to identify whether any reconsideration events have occurred. There have been no changes to the Company's significant accounting policies described in the audited consolidated financial statements for the year ended December 31, 2022, that have had a material impact on these unaudited condensed consolidated financial statements and related notes. See Note 9, "Off Balance Sheet Items", for additional information. Unaudited Interim Condensed Consolidated Financial Information The accompanying interim condensed consolidated financial statements as of September 30, 2023 and for the three and nine months ended September 30, 2023 and 2022 and accompanying notes are unaudited. These unaudited interim condensed consolidated financial statements (the " unaudited condensed consolidated financial statements ") have been prepared in accordance with GAAP applicable to interim financial statements. These financial statements are presented in accordance with the rules and regulations of the SEC and do not include all disclosures normally required in annual consolidated financial statements prepared in accordance with GAAP. As such, the information included herein should be read in conjunction with the consolidated financial statements and accompanying notes as of and for the year ended December 31, 2022 (the “audited consolidated financial statements”) that were included in the Company’s Annual Report on Form 10-K filed with the SEC on March 1, 2023, which provides a more complete discussion of the Company’s accounting policies and certain other information. In management’s opinion, the unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual financial statements, which include only normal recurring adjustments, necessary for a fair statement of the Company’s financial position as of September 30, 2023 and its condensed consolidated results of operations for the three and nine months ended September 30, 2023 and 2022 and cash flows for the nine months ended September 30, 2023 and 2022. The results of operations for the three and nine months ended September 30, 2023 are not necessarily indicative of the results expected for the year ending December 31, 2023 or any other future interim or annual periods. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affe ct the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant management estimates include collectability of accounts receivable, the fair value of financial assets and liabilities, the impairment of long-lived assets and goodwill, the fair value of warrants, equity awards, share-based compensation expenses, including the determination of the fair value of the Company’s common stock prior to the Business Combination and the derived service period for the awards containing market-based vesting conditions, and the valuation of deferred tax assets. These estimates are inherently subjective in nature and, therefore, actual results may differ from the Company’s estimates and assumptions. The Company bases its estimates on historical experience and also on assumptions that it believes are reasonable. Further, the Company applies judgment in determining whether, directly or indirectly, it has a controlling financial interest in the Investment Funds, in order to conclude whether any of the Investment Funds must be consolidated. The Company believes the estimates and assumptions underlying the unaudited condensed consolidated financial statements are reasonable and supportable based on the information available as of September 30, 2023. These estimates may change as new events occur and additional information is obtained, and related financial impacts will be recognized in the Company’s consolidated financial statements as soon as those events become known. Impairment of Long-Lived Assets The Company’s long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. The Company also evaluates the period of depreciation and amortization of long-lived assets to determine whether events or circumstances warrant revised estimates of useful lives. When indicators of impairment are present, the Company determines the recoverability of its long-lived assets by comparing the carrying value of its long-lived assets to future undiscounted net cash flows expected to result from the use of the assets and their eventual disposition. If the estimated future undiscounted cash flows demonstrate the long-lived assets are not recoverable, an impairment loss would be calculated based on the excess of the carrying amounts of the long-lived assets over their fair value. No impairment charges were recognized d uring the three months ended September 30, 2023 Goodwill and Other Intangible Assets, Net Goodwill represents the excess of the aggregate fair value of the consideration transferred in a business combination over the fair value of the assets acquired, net of liabilities assumed. Goodwill is not amortized but is tested for impairment annually on October 1, or more frequently if events or changes in circumstances indicate the goodwill may be impaired. These events or circumstances could include a significant change in the business climate, regulatory environment, established business plans, operating performance indicators, or competition. Potential impairment indicators may also include, but are not limited to, (i) the results of the Company’s most recent annual or interim impairment testing, (ii) downward revisions to internal forecasts, (iii) declines in the Company’s market capitalization below its book value, and the magnitude and duration of those declines, (iv) a reorganization resulting in a change to the Company’s operating segments, and (v) other macroeconomic factors, such as increases in interest rates that may affect the weighted average cost of capital or volatility in the equity and debt markets. No impairment charges were recognized d uring the nine months ended September 30, 2023. In-process research and development (“IPR&D”) assets acquired in a business combination are considered indefinite lived until the completion or abandonment of the associated research and development efforts. Upon conclusion of the relevant research and development project, the Company will amortize the acquired IPR&D over its estimated useful life or expense the acquired IPR&D should the research and development project be unsuccessful with no future alternative use. Acquired intangible assets also consist of identifiable intangible assets, primarily software technology, trade name, and customer relationships resulting from business acquisitions. Finite-lived intangible assets are recorded at fair value on the date of acquisition and are amortized over their estimated useful lives. The Company bases the useful lives and related amortization expense on its estimate of the period that the assets will generate revenues or otherwise be used. Accounts Receivable, Net Accounts receivable consist of amounts billed and currently due from customers, which are subject to collection risk. The total allowance for doubtful accounts netted against account receivables was $1.3 million and $0.9 million as of September 30, 2023 and December 31, 2022, respectively. Concentration of Credit Risks The Company’s exposure to credit risk associated with its contracts with holders of private company equity (“sellers”) and investors (“buyers”) related to the transfer of private securities is measured on an individual counterparty basis. Credit risk is affected by volatility in traded credit spreads, increasing discount rates, and changing economic outlook on a sectoral or counterpart (name) specific basis. To reduce the potential for risk concentration, the Company’s aggregate exposure is monitored in light of changing counterparty and market conditions. As of September 30, 2023 and December 31, 2022, the Company did not have any material concentrations of credit risk outside the ordinary course of business. As of September 30, 2023 and December 31, 2022, no customers accounted for more than 10% of the Company’s accounts receivable. No customer accounted for more than 10% of total revenue, less transaction-based expenses for the three and nine months ended September 30, 2023 and 2022. Revenue Recognition Contract Balances Contract assets represent amounts for which the Company has recognized revenue for contracts that have not yet been invoiced to our customers. The Company does not have any contract assets as of September 30, 2023 and December 31, 2022. Contract liabilities consist of deferred revenue, which relates to amounts invoiced in advance of performance under a revenue contract. The total contract liabilities of $0.3 million and $0.4 million as of September 30, 2023 and December 31, 2022, respectively, related to advance billings for data subscriptions, recorded in accrued expenses and other current liabilities on the unaudited condensed consolidated balance sheets . During the three and nine months ended September 30, 2023, the Company recognized $0.1 million and $0.4 million, respectively, of revenue that was included in deferred revenue recorded in accrued expenses and other current liabilities at December 31, 2022. Revenue by Geographic Location For the three and nine months ended September 30, 2023, revenue outside of the United States (including U.S. territories), based on customer billing addres s, was $1.0 million, and $3.0 million, respectively. For the three and nine months ended September 30, 2022, revenue outside of the United States (including U.S. territories), based on customer billing addres s, was $1.9 million, and $6.1 million, respectively.

Recapitalization

Recapitalization	9 Months Ended
Recapitalization	Sep. 30, 2023
Reverse Recapitalization [Abstract]
Recapitalization	Recapitalization As discussed in Note 1, "Organization and Description of Business," on the Closing Date, Legacy Forge completed the acquisition of MOTV a nd acquired 100% of MOTV’s shares and Legacy Forge received gross proceeds of $216.4 million, which included $7.9 million in proceeds from MOTV's trust and bank accounts, net of redemptions, $68.5 million in proceeds from the PIPE Investment (as defined below), and $140.0 million in proce eds from the A&R FPA (as defined below). The Company recorded $61.8 million of transaction costs, which consisted of legal, accounting, and other professional services directly related to the Merger, of which $58.7 million was related to common stock issued during the Merger and was recorded as a reduction to additional paid-in capital. The remaining $3.1 million was related to issuance of Public and Private Placement Warrants, including warrants issued to A&R FPA investors, and was expensed immediately upon consummation of the Merger as acquisition-related transaction cost in the unaudited condensed consolidated statements of operations . The cash outflows related to these costs were presented as financing activities in the Company’s unaudited condensed consolidated statements of cash flows . Deferred offering costs were offset against proceeds upon accounting for the consummation of the Merger. In addition, upon closing of the Merger, certain executives received a one-time transaction bonus for an aggregate amount of $17.7 million, of which $12.2 million was to be paid to the executives in cash, and the remaining amount $5.5 million was offset against outstanding promissory notes that were due from these executives as of the Closing Date. The transaction bonus was included in compensation and benefits in the unaudited condensed consolidated statements of operations for the three and nine months September 30, 2022. See Note 10, "Capitalization," for additional information. On the Closing Date, each holder of MOTV Class A ordinary stock received one share of the Company’s common stock, par value 0.0001, for each MOTV Class A ordinary share held prior to the Merger, and each holder of MOTV Class B ordinary stock received one share of the Company’s common stock, par value 0.0001, for each MOTV Class B ordinary share held prior to the Merger. See Note 10, "Capitalization" and Note 11, "Warrants" for additional details of the Company’s stockholders’ equity prior to and subsequent to the Merger. All equity awards of Legacy Forge were assumed by the Company and converted into comparable equity awards that are settled or exercisable for shares of the Company’s common stock. As a result, each outstanding stock option of Legacy Forge was converted into an option to purchase shares of the Company’s common stock based on the Exchange Ratio and each outstanding warrant of Legacy Forge was converted into a warrant to purchase shares of the Company’s common stock based on the Exchange Ratio. The Merger was accounted for as a reverse recapitalization with Legacy Forge as the accounting acquirer and MOTV as the acquired company for accounting purposes. Legacy Forge was determined to be the accounting acquirer since Legacy Forge's former management makes up the majority of the Company's management team, Legacy Forge’s former management nominated or represents a majority of the Company’s board of directors, and Legacy Forge represents the majority of the continuing operations of the Company. Accordingly, all historical financial information presented in these unaudited condensed consolidated financial statements represents the accounts of Legacy Forge and its wholly-owned subsidiary. Net assets were stated at historical cost consistent with the treatment of the transaction as a reverse recapitalization of Legacy Forge. Each public and private warrant of MOTV that was unexercised at the time of the Merger was assumed by the Company and represents the right to purchase one share of the Company’s common stock upon exercise of such warrant. PIPE Investment On March 21, 2022, concurrently with the execution of the Merger Agreement, MOTV entered into subscription agreements with certain investors, to which such investors collectively subscribed for an aggregate of 6,850,000 shares of the Company’s common stock at $10.00 per share for aggregate gross proceeds of $68.5 million (the “PIPE Investment”). The PIPE Investment was consummated concurrently with the closing of the Merger. Amended and Restated Forward Purchase Agreement

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Financial instruments consist of cash equivalents, restricted cash, accounts receivable, certificates of deposit, accounts payable, accrued liabilities, payment-dependent notes receivable, payment-dependent notes payable, and warrant liabilities. Cash equivalents, payment-dependent notes receivable, payment-dependent notes payable, certificates of deposits, and warrant liabilities are stated at fair value on a recurring basis. Restricted cash, accounts receivable, accounts payable, and accrued liabilities are stated at their carrying value, which approximates fair value due to the short time these financial instruments are held to the expected receipt or payment date. The following tables present the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis (in thousands): As of September 30, 2023 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 123,824 $ — $ — $ 123,824 Payment-dependent notes receivable, non-current — — 5,763 5,763 Certificates of deposit (1)(2) — 3,130 — 3,130 Total financial assets $ 123,824 $ 3,130 $ 5,763 $ 132,717 Payment-dependent notes payable, non-current — — 5,763 5,763 Junior preferred stock warrants — — 1,105 1,105 Private placement warrants — — 2,216 2,216 Total financial liabilities $ — $ — $ 9,084 $ 9,084 As of December 31, 2022 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 149,139 $ — $ — $ 149,139 Payment-dependent notes receivable, non-current — — 7,371 7,371 Total financial assets $ 149,139 $ — $ 7,371 $ 156,510 Payment-dependent notes payable, non-current — — 7,371 7,371 Junior preferred stock warrants — — 384 384 Private placement warrants — — 222 222 Total financial liabilities $ — $ — $ 7,977 $ 7,977 (1) Included in prepaid expenses and other current assets on the unaudited condensed consolidated balance sheets as of September 30, 2023 and consolidated balance sheets as of December 31, 2022. (2) Includes $1.0 million certificates of deposit required to fulfill the Company's obligations in connection with real estate lease agreements. The Company classifies money market funds, certain payment-dependent notes receivable, and payment-dependent notes payable within Level 1 of the fair value hierarchy because the Company values these investments using quoted market prices. Payment-Dependent Notes Receivable and Payment-Dependent Notes Payable Classified as Level 3 The Company classifies certain payment-dependent notes receivable and payment-dependent notes payable within Level 3 of the fair value hierarchy if the underlying securities are equity of private companies whose regular financial and nonfinancial information is generally not available other than when it is publicly disclosed, or significant unobservable inputs are used to estimate fair value. The Company estimates fair values of payment-dependent notes receivable and payment-dependent notes payable utilizing completed transactions made through the Company’s platform for the relevant private securities as well as mutual fund valuations of private companies as relevant data inputs. Legacy Forge Warrant Liabilities The Company's Legacy Forge warrant liabilities consisted of warrants to purchase Series B-1 preferred stock or subsequent round stock (the "Series B-1 Preferred Stock Warrants") and Junior Preferred Stock Warrants (as defined below). The Company used a hybrid method that incorporates the Black-Scholes option-pricing model and an adjusted backsolve model to estimate the fair value of the Legacy Forge warrant liabilities through June 30, 2022. Subsequent to June 30, 2022, the Company used a binomial lattice model in a risk-neutral framework to value Legacy Forge warrant liabilities. See Note 11, "Warrants", for additional information. Subsequent to the Merger, the Series B-1 Preferred Stock Warrants and Junior Preferred Stock Warrants were converted to common stock warrants. As a result, the Series B-1 Preferred Stock Warrants were remeasured at fair value prior to the conversion resulting in a change in fair value of $0.1 million for the three and nine months ended September 30, 2022, which was recognized as a component of change in fair value of warrant liabilities within the unaudited condensed consolidated statements of operations , and subsequently settled in additional paid-in capital as a result of the conversion to equity-classified common stock warrants. The Junior Preferred Stock Warrants were remeasured at fair value prior to the conversion to common stock warrants, which did not result in a change in fair value as of the conversion date. These warrants remained liability-classified after the conversion into the common stock warrants as the Company's obligation with respect to these warrants is capped at a fixed monetary amount and may be settled in a variable number of common shares. The Junior Preferred Stock Warrants were remeasured at fair value as of September 30, 2023, which resulted in a gain of $0.4 million and loss of $0.7 million for the three and nine months ended September 30, 2023, respectively. The Company estimated the fair value of the Junior Preferred Stock Warrants as of September 30, 2023 and December 31, 2022, respectively, using the following key assumptions: September 30, December 31, Fair value of underlying securities $ 2.03 $ 1.73 Expected term (years) 2.11 2.9 Expected volatility 105.0% 46.1% Risk-free interest rate 5.0% 4.2% Expected dividend yield 0.0% 0.0% Fair value per warrant $ 0.42 $ 0.15 Private Placement Warrants The Company classifies the Private Placement Warrants within Level 3, because significant unobservable inputs are used to estimate fair value. To estimate the fair value of Private Placement Warrants, the Company used a binomial lattice model in a risk-neutral framework. The Private Placement Warrant liabilities were remeasured at fair value as of September 30, 2023, which resulted in a gain of $0.5 million and a loss of $2.0 million for the three and nine months ended September 30, 2023, respectively. The significant assumptions used in the analysis were the trading price of the Company’s common stock as of September 30, 2023 and December 31, 2022, respectively, using the following key assumptions: September 30, December 31, Fair value of underlying securities $ 2.03 $ 1.73 Expected term (years) 3.5 4.2 Expected volatility 107.5% 44.6% Risk-free interest rate 4.8% 4.1% Expected dividend yield 0.0% 0.0% Fair value per warrant $ 0.30 $ 0.03 Transfers Into and Out of Level 3 The Company transfers financial instruments out of Level 3 on the date when underlying input parameters are readily observable from existing market quotes. For payment-dependent notes payable and receivable, transfers from Level 3 to Level 1 generally relate to a company going public and listing on a national securities exchange. During the nine months ended September 30, 2023, there were no transfers of securities into or out of Level 3. During the nine months ended September 30, 2022, the transfer of Private Placement Warrants from Level 2 to Level 3 was due to the redemption and exercises of the Public Warrants which resulted in the lack of an identical instrument with a quoted price (see Note 11). The following tables provide reconciliation for all financial assets and liabilities measured at fair value using significant unobservable inputs (Level 3) for the nine months ended September 30, 2023 and 2022 (in thousands): Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2022 $ 7,371 $ 7,977 Change in fair value of payment-dependent notes receivable (1,608) — Change in fair value of payment-dependent notes payable — (1,608) Change in fair value of Junior Preferred Stock Warrants — 721 Change in fair value of Private Placement Warrants — 1,994 Balance as of September 30, 2023 $ 5,763 $ 9,084 Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2021 $ 13,453 $ 21,297 Change in fair value of payment-dependent notes receivable (6,945) — Change in fair value of payment-dependent notes payable — (6,945) Change in fair value of Series B-1 Preferred Stock Warrant liability — 106 Settlement of Series B-1 Preferred Stock Warrant liability via conversion to equity-classified common stock warrants — (2,950) Exercise of Junior Preferred Stock Warrants — (653) Change in fair value of Junior Preferred Stock Warrants — (3,937) Transfer of Private Placement Warrants out of Level 2 to Level 3 — 20,461 Change in fair value of Private Placement Warrants — (20,239) Balance as of September 30, 2022 $ 6,508 $ 7,140

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet Components	9 Months Ended
Condensed Consolidated Balance Sheet Components	Sep. 30, 2023
Regulated Operations [Abstract]
Condensed Consolidated Balance Sheet Components	Condensed Consolidated Balance Sheet Components Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): September 30, December 31, Prepaid insurance $ 2,889 $ 3,250 Prepaid software 1,455 1,406 Other prepaid expenses 951 1,546 Certificates of deposit 3,131 — Other current assets 1,722 2,177 Prepaid expenses and other current assets $ 10,148 $ 8,379 Internal-Use Software, Net Capitalized internal-use software consists of the following (in thousands): September 30, December 31, Capitalized internal-use software $ 9,062 $ 9,605 Less: Accumulated amortization (4,039) (1,965) Total capitalized internal-use software $ 5,023 $ 7,640 For the three and nine months ended September 30, 2023, the Company recorded amortization expense on capitalized internal-use software placed in service of $0.7 million and $2.1 million, respectively. The Company recorded $0.5 million of impairment loss for developed software that will no longer be put into service, included in general and administrative expense within the unaudited condensed consolidated statements of operations during the nine months ended September 30, 2023 . No impairment was recorded for the three months ended September 30, 2023 . For the three and nine months ended September 30, 2022, the Company recorded amortization expense on capitalized internal-use software placed in service of $0.4 million and $1.3 million, respectively . Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following (in thousands): September 30, December 31, Accrued professional services $ 3,200 $ 1,380 Contingent liability 1,100 1,500 Accrued taxes and deferred tax liabilities 1,403 1,006 Common stock unvested liability 259 589 Other current liabilities 2,159 1,946 Total $ 8,121 $ 6,421

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	9 Months Ended
Goodwill and Intangible Assets, Net	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net The Company carried out interim impairment tests of its long-lived assets pursuant to ASC 360 - Property, Plant, and Equipment, and its goodwill in accordance with ASC 350 - Intangibles - Goodwill and other. No impairment losses were recorded for the long-lived assets or goodwill as of September 30, 2023 . See Note 2, "Summary of Significant Accounting Policies," for additional information. The components of intangible assets and accumulated amortization are as follows (in thousands): As of September 30, 2023 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 1.1 years $ 13,200 $ (10,124) $ 3,076 Customer relationships 5.6 years 7,507 (3,434) 4,073 Launched in-process research and development assets 3.0 years 960 (384) 576 Total finite-lived intangible assets $ 21,667 $ (13,942) $ 7,725 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets 23,891 (13,942) 9,949 Total goodwill and intangible assets $ 144,839 $ (13,942) $ 130,897 As of December 31, 2022 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 1.8 years $ 13,200 $ (8,035) $ 5,165 Customer relationships 6.1 years 7,507 (2,677) 4,830 Launched in-process research and development assets 3.7 years 960 (240) 720 Total finite-lived intangible assets $ 21,667 $ (10,952) $ 10,715 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets 23,891 (10,952) 12,939 Total goodwill and intangible assets $ 144,839 $ (10,952) $ 133,887 Amortization expense related to finite-lived intangible assets for the three and nine months ended September 30, 2023 was $1.0 million and $3.0 million, respectively, and was included in depreciation and amortization in the accompanying unaudited condensed consolidated statements of operations . Amortization expense related to finite-lived intangible assets for the three and nine months ended September 30, 2022 was $1.0 million and $3.0 million, respectively. The table below presents estimated future amortization expense for finite-lived intangible assets as of September 30, 2023 (in thousands): Amount Remainder of 2023 $ 978 2024 3,462 2025 802 2026 754 2027 610 Thereafter 1,119 Total $ 7,725

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2023
Leases [Abstract]
Leases	Leases The Company leases real estate for office space under operating leases. As of September 30, 2023, the remaining lease terms varied from 0.25 years to 2.3 years.For certain leases, the Company has an option to extend the lease term for a period of 3 years This renewal option is not considered in the remaining lease term unless it is reasonably certain that the Company will exercise such options. Operating lease expense, included in rent and occupancy in the unaudited condensed consolidated statements of operations, were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Operating lease expense $ 855 $ 853 $ 2,655 $ 2,818 Variable lease expense $ 231 $ 222 $ 704 $ 625 Total operating lease expenses (1) $ 1,086 $ 1,075 $ 3,359 $ 3,443 Sublease income (2) $ 226 $ 226 $ 678 $ 463 (1) Operating lease expense is included in rent and occupancy in the unaudited condensed consolidated statements of operations. (2) Sublease income is included in other income (expenses), net in the unaudited condensed consolidated statements of operations. As of September 30, 2023 and December 31, 2022, the weighted-average remaining lease term was 2.1 and 2.6 years, respectively. As of September 30, 2023 and December 31, 2022, the weighted-average discount rate was 6.2% and 6.0% respectively. Future undiscounted lease payments under operating leases as of September 30, 2023 were as follows (in thousands) : Lease Payment Obligation Sublease Income Net Lease Obligation Remainder of 2023 $ 1,658 $ (316) $ 1,342 2024 2,134 (360) 1,774 2025 1,619 (210) 1,409 2026 — — — 2027 — — — Thereafter $ — $ — $ — Total undiscounted lease payments $ 5,411 $ (886) $ 4,525 Less: imputed interest (1,109) Present value of future lease payments 4,302 Less: operating lease liabilities, current 2,300 Operating lease liabilities, noncurrent $ 2,002 As of September 30, 2023, the Company had entered into two additional leases which have not yet commenced and are therefore not part of the right-of-use asset and liability. These leases have undiscounted future payments of $7.3 million and will commence when the Company obtains possession of the underlying leased asset. One of the leases commenced on October 3, 2023. Commencement date for the second lease is expected to be in fiscal 2024. During the nine months ended September 30, 2022, the Company ceased using one of its leased office spaces and made a decision to sublease this space to a third party. The sublease agreement was signed in April 2022. Based on the terms of the sublease agreement, the Company determined that the right-of-use asset related to this office space is impaired, and recorded an impairment loss of $0.3 million for the nine months ended September 30, 2022 in rent and occupancy in the unaudited condensed consolidated statements of operations. There was no impairment loss for leases for the

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesThe Company is subject to claims and lawsuits in the ordinary course of business, including arbitration, class actions, and other litigation, some of which include claims for substantial or unspecified damages. The Company is also the subject of inquiries, investigations, and proceedings by regulatory and other governmental agencies. The Company reviews its lawsuits, regulatory inquiries, and other legal proceedings on an ongoing basis and provides disclosures and records loss contingencies in accordance with the loss contingencies accounting guidance. The Company establishes an accrual for losses at management’s best estimate when the Company assesses that it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. If no amount within the range is considered a better estimate than any other amount, an accrual for losses is recorded based on the bottom amount of the range. The Company's accrual for probable and estimable loss contingencies was $1.4 million as of September 30, 2023, recorded in accrued expenses and other current liabilities on the unaudited condensed consolidated balance sheets . Short term accruals for loss contingencies are recorded in accrued expenses and other current liabilities, accruals for long term loss contingencies are recorded in other liabilities, noncurrent on the unaudited condensed consolidated balance sheets and expensed in general and administrative expenses in our unaudited condensed consolidated statements of operations . The Company monitors these matters for developments that would affect the likelihood of a loss and the accrued amount, if any, and adjusts the amount as appropriate. Legal Proceedings On January 7, 2022, Erika McKiernan, in her capacity as Stockholder Representative for the former stockholders of SharesPost, filed a lawsuit against the Company in the Court of Chancery of the State of Delaware, asserting claims in connection with the Agreement and Plan of Merger, dated as of May 10, 2020, by and among the Company, SharesPost, Thanksgiving Merger Sub, Inc., and Erika McKiernan as the Stockholder Representative, as amended on November 6, 2020 (the "SharesPost Merger Agreement”). In general, the complaint asserts breaches of the SharesPost Merger Agreement and seeks declaratory judgements establishing those breaches. On February 24, 2022, the Company filed its Answer and a counterclaim denying the alleged claims. On March 9, 2022, SharesPost submitted its Reply denying the Company's counterclaim and the majority of the Company's allegations. In August 2022, SharesPost filed an Amended Complaint adding the public company parent, Forge Global Holdings, Inc. as a party to the action. The Company disputes the claims and intends to defend the suit vigorousl y. The amount accrued for this matter is included in the accrual for probable and estimable loss contingencies mentioned above. On March 29, 2023, the Company was named as a defendant in a lawsuit brought by an alleged former warrant holder of the Company, in a case captioned Alta Partners, LLC v. Forge Global Holdings, Inc., No. 1:23-cv-2647 in the United States District Court for the Southern District of New York. Plaintiff’s allegations include breaches of the Warrant Agreement dated December 15, 2020, breach of the implied covenant of good faith and fair dealing, and violation of Section 11 of the Securities Act of 1933, as amended (the "Securities Act"). Plaintiff’s complaint seeks, among other things, an award of money damages. The Company disputes the claims and intends to defend the suit vigorously. The Company is unable to estimate a range of potential losses, if any, associated with this matter. As of September 30, 2023, the Company had a receivable of $1.6 million in prepaid expenses and other current assets on the consolidated balance sheets, which it expects to collect from the escrow related to the acquisition of IRA Services, Inc. Certain additional claims were filed against this escrow and, per a ruling in January 2023, one of these claims is likely to proceed to trial. Despite this development, the Company believes the claim is not expected to have a significant impact on the likelihood of collecting the aforementioned receivable. 401(k) Plan The Company has established a tax-qualified retirement plan under Section 401(k) of the Internal Revenue Code for all of its U.S. employees, including executive officers, who satisfy certain eligibility requirements, including requirements relating to age and length of service. The Company matches 2% of every dollar contributed to the plan by employees, including executive officers, up to a maximum of $5.8 thousand. During the three and nine months ended September 30, 2023, the Company recorded 401(k) contribution expense related to the defined contribution plan of $0.2 million and $0.6 million, respectively, in compensation and benefits in the unaudited condensed consolidated statements of operations. During the three and nine months ended September 30, 2022, the Company recorded 401(k) contribution expense of $0.2 million and $0.8 million, respectively. Non-Cancelable Purchase Obligations In the normal course of business, the Company enters into non-cancelable purchase commitments with various parties mainly for its operating leases, software products, and services. As of September 30, 2023, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer, excluding operating lease obligations (See Note 7, "Leases," for additional information) as follows (in thousands): Amount Remainder of 2023 $ 1,145 2024 1,947 2025 1,993 2026 2,203 2027 1,253 Thereafter — Total $ 8,541

Off Balance Sheet Items

Off Balance Sheet Items	9 Months Ended
Off Balance Sheet Items	Sep. 30, 2023
Related Party Transactions [Abstract]
Off Balance Sheet Items	Off Balance Sheet Items Forge Global Advisors LLC ("Forge Advisors"), a wholly-owned subsidiary of the Company and an investment adviser registered under the Investment Advisers Act of 1940, as amended, advises investment funds, each of which are organized as a series of Forge Investments LLC and segregated portfolio companies of Forge Investments SPC and Forge Investments II SPC (such investment funds and portfolio companies are individually and collectively referred to as “Investment Funds”). The Investment Funds are each formed for the purpose of investing in securities relating to a single private company and are owned by different investors. Effective January 1, 2023, Forge Advisors serves as the manager of the Forge Investments LLC series Investment Funds. Prior to January 1, 2023, the Forge Investments LLC series Investment Funds were managed by a third-party fund administrator. The Company utilizes a third-party fund administrator to manage the Forge Investments SPC and Forge Investments II SPC Investment Funds. The Company has no ownership interest nor participation in the gains or losses of the Investment Funds. The Company does not consolidate Forge Investments LLC, Forge Investments SPC, Forge Investments II SPC, or any of the Investment Funds, because the Company has no direct or indirect interest in the Investment Funds and the amount of expenses the Company pays on behalf of the Investment Funds are not significant to the entities. Investors in the Investment Funds do not have any recourse to the assets of the Company. While not contractually required, Forge Advisors may, at its sole discretion, absorb certain expenses on behalf of the Investment Funds. Transaction-based expenses include fund insurance and fund management expenses and are recorded in transaction-based expenses in the unaudited condensed consolidated statements of operations. Audit and accounting related services are recorded in professional services in the unaudited condensed consolidated statements of operations. Professional services expenses of $0.2 million and $0.9 million were recognized in the unaudited condensed consolidated statements of operations during the three and nine months ended September 30, 2023 , respectively. Transaction-based expenses of less than $0.1 million and $0.2 million and professional services expenses of $0 and $0.6 million were recognized during the three and nine months ended September 30, 2022 , respectively. On September 7, 2022, the Company and DBAG formed a subsidiary, Forge Europe GmbH. DBAG is a stockholder of the Company and one of the Company's directors is affiliated with this entity. See Note 1, "Organization and Description of Business," for additional information. Financial Technology Partners LP (“Financial Technology Partners”), a stockholder of the Company and affiliated entity of Steven McLaughlin, one of the Company's former directors, previously served as financial and strategic advisor to the Company on its financing, merger, and acquisition transactions. During the nine months ended September 30, 2022, the Company incurred $18.3 million in fees to Financial Technology Partners, of which $17.4 million was related to common stock issued during the Merger and was recorded as a reduction to additional paid-in capital. The remaining $0.9 million was related to issuance of Public and Private Placement Warrants, including warrants issued to A&R FPA investors, and was expensed immediately upon consummation of the Merger as acquisition-related transaction cost in the unaudited condensed consolidated statements of operations. Mr. McLaughlin resigned from the Company's board of directors on May 27, 2022. As a result, each of Mr. McLaughlin and Financial Technology Partners ceased being a related party in the quarter ended June 30, 2022. James Herbert, II, one of the Company's directors during the three months ended March 31, 2023, through the James and Cecilia Herbert 1994 Revocable Trust, purchased 75,000 shares of the Company's common stock (for a purchase price of $0.8 million) in the PIPE Investment, concurrently and in connection with the closing of the Business Combination. Mr. Herbert's transaction was on the same terms as the other investors who purchased shares in the PIPE Investment pursuant to certain subscription agreements dated September 13, 2021. Mr. Herbert resigned from the Company's board of directors in April 2023. As a result, Mr. Herbert ceased being a related party in the quarter ended June 30, 2023. Prior to the Business Combination, one of Legacy Forge's directors was also a director of Temasek Holding (Private) Limited ("Temasek"). Such director did not remain on the Company's board of directors following the closing of the Business Combination. Temasek, through its wholly-owned subsidiary, Ossa Investments Pte. Ltd, purchased 1,000,000 shares of the Company's common stock (for a purchase price of $10.0 million) in the PIPE Investment, concurrently and in connection with the closing of the Business Combination. This transaction was on the same terms as the other investors who purchased shares in the PIPE Investment pursuant to certain subscription agreements dated September 13, 2021. Prior to November 2022, Temasek was a 5% stockholder of the Company and thus a related party. Effective November 2022, Temasek ceased being a 5% stockholder and thus a related party based on the Company's outstanding stock. The Company has entered into client engagement agreements with certain companies to serve as the exclusive transaction agent to help facilitate private purchases of shares of issuers. These companies are identified as related parties as they are holders of the Company’s common stock. The Company recognized placement fee revenue for trades executed with these companies in the unaudited condensed consolidated statements of operations. The Company recognized associated revenue of $0.6 million for the three and nine months ended September 30, 2022. There was no associated revenue recognized for the three and nine months ended September 30, 2023. A family member of one of the Company’s executive officers is a portfolio manager for investment funds that engage in secondary transactions with the Company in the ordinary course of business. Such transactions became related party transactions upon the employee's appointment to executive officer in April 2023. For the three and nine months ended

Capitalization

Capitalization	9 Months Ended
Capitalization	Sep. 30, 2023
Capitalization [Abstract]
Capitalization	Capitalization Common Stock Prior to the Merger, Legacy Forge was authorized to issue up to 257,968,554 shares of its capital stock, of which 171,153,360 shares were designated as Class AA common stock. Merger Transaction On the Closing Date and in accordance with the terms and subject to the conditions of the Merger Agreement, each share of Legacy Forge Class AA common stock, par value $0.00001 per share, was canceled and converted into the right to receive the applicable portion of the merger consideration comprised of the Company’s common stock, par value $0.0001 per share, based on the Exchange Ratio. On March 21, 2022, in connection with the Merger, the Company amended and restated its certificate of incorporation to authorize 2,100,000,000 shares of capital stock, consisting of (i) 2,000,000,000 shares of common stock, par value $0.0001 per share and (ii) 100,000,000 shares of preferred stock. The holders of common stock have exclusive voting power. Each share of common stock is entitled to one vote per share. The Company’s board of directors has the authority to issue shares of preferred stock in one or more series and to determine the preferences, privileges, and restrictions, including voting rights, of those shares. Upon the consummation of the Business Combination, the Company’s common stock and warrants began trading on the NYSE under the symbol “FRGE” and “FRGE WS”, respectively. As of September 30, 2023, the Company had authorized 2,000,000,000 and 100,000,000 shares of common stock and preferred stock respectively, and the Company had 175,173,113 shares of common stock and no shares of preferred stock issued and outstanding. Settlement of Nonrecourse Related-Party Promissory Notes In connection with the Merger, t he Company entered into loan offset agreements with certain executives (the “Loan Offset Agreement”) as a result of outstanding promissory notes that were due from these executives as of the Closing Date. As a result of the Loan Offset Agreements, the Company agreed to offset the after-tax value of the transaction bonus that the executives received in connection with the Merger (see Note 3, "Recapitalization", for additional information) against the entire outstanding balance of the nonrecourse promissory notes, including any unpaid interest, as of one day immediately prior to the closing of the Merger. The total amount of outstanding promissory notes that were offset against the transaction bonus was $5.5 million, which included $1.3 million related to unvested shares included in the accrued expenses and other current liabilities in the unaudited condensed consolidated balance sheets . The related bonus expense was recorded as compensation and benefits in the unaudited condensed consolidated statements of operations

Warrants

Warrants	9 Months Ended
Warrants	Sep. 30, 2023
Warrants [Abstract]
Warrants	Warrants Warrants to Purchase Series B-1 Convertible Preferred Stock or Subsequent Round Stock In May 2020, Legacy Forge entered into a Note and Warrant Purchase Agreement with investors pursuant to which it issued certain convertible notes (the “2020 Convertible Notes”). In connection with the issuance of the 2020 Convertible Notes, the note holders entered into a Note and Warrant Purchase Agreement for the options to purchase shares based on coverage of 5% of the 2020 Convertible Notes principal amounts (the “May 2020 Warrants”). The note holders could purchase either (i) the Series B-1 convertible preferred stock of Legacy Forge at Series B-1 price of $3.9760 or (ii) any subsequent round stock of Legacy Forge at the subsequent round price. The warrants have a five-year contractual life and may be exercised at any time during that period. In October 2020, Legacy Forge entered into a Loan and Security Agreement (the “2020 Loan and Security Agreement”) with another lending institution that provided for a term loan in the amount of $15.0 million. In October 2020, simultaneously with the 2020 Loan and Security Agreement, the lender entered into a Warrant to Purchase Shares of Preferred Stock Agreement with Legacy Forge for the options to purchase a coverage amount of $3.5 million in shares (the “October 2020 Warrants”). The investors were granted the right to purchase either the Series B-1 convertible preferred stock of Legacy Forge at Series B-1 price of $3.9760 or (ii) any subsequent round stock of Legacy Forge at the subsequent round price. The warrants have a ten-year contractual life and may be exercised at any time during that period. Prior to the Merger, the May 2020 Warrants and October 2020 Warrants were classified as Warrant liabilities in Legacy Forge's consolidated balance sheets. Legacy Forge remeasured the May 2020 Warrants and October 2020 Warrants at each balance sheet date to their fair value (See Note 4, "Fair Value Measurements," for additional information). Subsequent to the Merger, the May 2020 Warrants and October 2020 Warrants were converted to Legacy Forge's common stock warrants. As a result, the May 2020 Warrants and October 2020 Warrants were adjusted to fair value prior to the conversion, and then settled in additional paid-in capital as a result of the conversion to equity-classified common stock warrants. During the nine months ended September 30, 2022, the Company recorded fair value adjustments of $0.1 million for the May 2020 Warrants and October 2020 Warrants, respectively, in change in fair value of warrant liabilities in the Company’s unaudited condensed consolidated statements of operations . Warrants to Purchase Junior Preferred Stock In November 2020, in connection with the SharesPost acquisition, Legacy Forge issued a total of 3,122,931 warrants (“Junior Preferred Stock Warrants”) to purchase shares of Legacy Forge's Junior Preferred Stock at an exercise price of $3.9760 per share, with a cap of extended value of $5.0 million. The Junior Preferred Stock Warrants have a five-year contractual life and may be exercised at any time during that period. Prior to the Merger, the warrants were classified as a liability in the unaudited condensed consolidated balance sheets . The Company remeasures the warrants at each balance sheet date using a hybrid method (See Note 4, "Fair Value Measurements," for additional information). Subsequent to the Merger, the Junior Preferred Stock Warrants were converted into the Company's common stock warrants. As a result, the Junior Preferred Stock Warrants were adjusted to fair value prior to conversion and remain classified as a liability, as the Company's obligation with respect to these warrants is capped at a fixed monetary amount of $5.0 million and may be settled in a variable number of common shares. Public Warrants and Private Placement Warrants As the accounting acquirer, Legacy Forge is deemed to have assumed 7,386,667 warrants for Class A common stock that were held by Motive Capital Funds Sponsor, LLC (the “Sponsor”) at an exercise price of $11.50 (the "Private Placement Warrants"), 13,799,940 Class A common stock warrants held by MOTV's stockholders at an exercise price of $11.50 (the "Public Warrants"), and 4,666,664 Public Warrants at an exercise price of $11.50 that were issued in connection with the A&R FPA that was consummated upon the Closing Date. The warrants are exercisable subject to the terms of the warrant agreement, including but not limited to, the Company having an effective registration statement under the Securities Act of 1933, as amended (the "Securities Act"), covering the shares of common stock issuable upon exercise of the warrants and a current prospectus relating to them is available. The warrants expire five years after the completion of the Business Combination, or earlier upon redemption or liquidation. All of the Private Placement Warrants are still outstanding as of September 30, 2023. Subsequent to the Merger, the Private Placement Warrants and Public Warrants met liability classification requirements since the warrants may be required to be settled in cash under a tender offer. In addition, Private Placement Warrants are potentially subject to a different settlement amount as a result of being held by the Sponsor which precludes the Private Placement Warrants from being considered indexed to the entity's own stock. Therefore, these warrants are classified as liabilities on the unaudited condensed consolidated balance sheets . On June 9, 2022, the Company issued a redemption notice to warrant holders announcing that it would redeem all of its Public Warrants (including the 4,666,664 Public Warrants that were issued in connection with the A&R FPA) on July 11, 2022 at 5:00 p.m. New York City Time (the "Redemption Date") for $0.01 per Public Warrant (the "Redemption"). After such notice and prior to the Redemption Date, warrant holders were entitled to exercise the Public Warrants at an exercise price of $11.50 per share of the Company's common stock. Any Public Warrants not exercised by the Redemption Date were automatically redeemed by the Company at a price of $0.01 per Public Warrant. In connection with the Redemption, 1,994,790 Public Warrants were exercised at an exercise price of $11.50 per share of common stock, for an aggregate of 1,994,790 shares. Total cash proceeds generated from such exercises were $22.9 million. The change in the fair value of warrant liabilities was recorded through the date of exercise as a change in fair value of warrant liabilities within the unaudited condensed consolidated statements of operations . Additionally, the fair value of the warrant liability as of the exercise date of $0.7 million was reclassified to additional paid-in capital within the unaudited condensed consolidated balance sheets . On July 11, 2022, the remaining 16,471,814 Public Warrants still outstanding were redeemed at a price of $0.01 per Public Warrant for an aggregate cash payment from the Company of $0.2 million. On July 11, 2022, the Public Warrants were delisted from the NYSE.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
Share-Based Compensation	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	Share-Based CompensationPrior Stock Plan In March 2018, Legacy Forge adopted its 2018 Equity Incentive Plan (as amended from time to time, the “2018 Plan”), which provides for grants of share-based awards, including stock options and restricted stock awards, and other forms of share-based awards. The 2018 Plan was terminated in March 2022 in connection with the adoption of the 2022 Stock Option and Incentive Plan (the “2022 Plan”). Accordingly, no shares are available for future grants under the 2018 Plan following the adoption of the 2022 Plan. 2022 Stock Plan In March 2022, prior to and in connection with the Merger, the Company adopted the 2022 Plan, which provides for grants of share-based awards, including stock options and restricted stock units (“RSUs”), and other forms of share-based awards. Through September 30, 2023, the Company has authorized 18,076,331 shares of common stock for the issuance of awards under the 2022 Plan. In addition, the number of shares of common stock reserved and available for issuance under the 2022 Plan will automatically increase on January 1 of each year for a period of ten years, beginning on January 1, 2023 and on each January 1 thereafter and ending on the tenth anniversary of the adoption date of the 2022 Plan, in an amount equal to (i) 3% of the outstanding number of shares of common stock of the Company on the preceding December 31, or (ii) a lesser number of shares as approved by the Company's board of directors. 2022 Employee Stock Purchase Plan In March 2022, prior to and in connection with the Merger, the Company adopted the 2022 Employee Stock Purchase Plan (the “2022 ESPP”). Through September 30, 2023, the Company has authorized the issuance of 5,797,609 shares of common stock under purchase rights granted to the Company's employees or to employees of any of its designated affiliates. The number of shares of common stock reserved for issuance will automatically increase on January 1 of each year, beginning on January 1, 2023 and each January 1 thereafter until the 2022 ESPP terminates according to its terms, by the lesser of (i) 4,072,000 shares of common stock, or (ii) 1% of the outstanding number of shares of common stock on the immediately preceding December 31. The Company's board of directors may determine that such increase will be less than the amount set forth in (i) and (ii) above. Reserve for Issuance The Company has the following shares of common stock reserved for future issuance, on an as-if converted basis: September 30, December 31, Warrants to purchase common stock 3,282,652 3,282,652 Stock options issued and outstanding under 2018 Plan (1) 8,395,260 12,853,072 Shares available for grant under 2022 Plan (2) 2,093,403 3,310,803 RSUs issued and outstanding under 2022 Plan 18,791,002 10,884,476 Shares available for grant under 2022 ESPP 5,797,609 4,072,000 Outstanding Private Placement Warrants 7,386,667 7,386,667 Total shares of common stock reserved 45,746,593 41,789,670 June 15, 2023, the Company cancelled the CEO Option (as defined below), which was granted under the 2018 Plan. As a result of such cancellation, the 3,122,931 shares of common stock underlying the CEO Option became available for future awards under the 2022 Plan. (2) To the extent outstanding options granted under the 2018 Plan are cancelled, forfeited, or otherwise terminated without being exercised and would have been returned to the share reserve under the 2018 Plan following the closing date of the Merger, the number of shares of common stock underlying such awards will be available for future awards under the 2022 Plan. Stock Options Stock options generally vest over four years and expire ten years from the date of grant. Vested stock options generally expire three months to five years after termination of employment. Stock option activity during the nine months ended September 30, 2023 consisted of the following (in thousands, except for share and per share data): Stock Options Weighted Average Exercise Price Weighted- Average Life (Years) Aggregate Intrinsic Value Balance as of December 31, 2022 12,853,072 $ 2.39 7.0 $ 7,055 Exercised (692,220) 0.65 Cancelled/Forfeited/Expired (1) (3,759,088) 3.64 Balance as of September 30, 2023 8,401,764 $ 1.97 6.0 $ 7,795 Vested and exercisable as of September 30, 2023 6,891,094 $ 1.81 5.6 $ 6,948 (1) Effective June 15, 2023, the Company cancelled the CEO Option (as defined below), which was granted under the 2018 Plan. As a result of such cancellation, the 3,122,931 shares of common stock underlying the CEO Option became available for future awards under the 2022 Plan. There were no stock options granted during the nine months ended September 30, 2023 and 2022. The total grant date fair value of stock options vested during the nine months ended September 30, 2023 and 2022 was $4.0 million and $11.4 million, respectively. The total intrinsic value of options exercised during the nine months ended September 30, 2023 and 2022 was $0.9 million and $4.9 million, respectively. The Company recorded share-based compensation of $1.0 million and $3.9 million related to stock options for the three and nine months ended September 30, 2023, respectively. The Company recorded share-based compensation of $2.2 million and $12.3 million for the three and nine months ended September 30, 2022, respectively. In addition, for the nine months ended September 30, 2022, the Company recognized share-based compensation expense of $0.6 million related to pre-close issuance of common stock for services. Unrecognized share-based compensation expense for unvested stock options granted and outstanding as of September 30, 2023, is $5.2 million, which is to be recognized over a weighted-average period of 1.6 years. Performance and Market Condition Awards In May 2021, Legacy Forge’s board of directors granted the Chief Executive Officer a performance and market condition-based option (the "CEO Option") covering 3,122,931 shares of Legacy Forge's Class AA common stock with an exercise price of $3.9760 per share. The options are divided into three tranches of 1,040,976 options, 1,040,976 options, and 1,040,979 options, corresponding to the three Aggregate Exit Proceeds Thresholds (as defined below). The tranches vest only upon the satisfaction of (1) certain performance conditions, which is the occurrence of an IPO, merger with a SPAC, or a secondary sale for total proceeds of at least $250.0 million and (2) market condition, which is holders of Legacy Forge's B-1 convertible preferred stock having realized (i) aggregate exit proceeds with a fair market value of at least $9.94, $14.91, and $19.88 per share (the “Share Price Thresholds”); and (ii) an aggregate interest rate compounded annually which, when used as the discount rate to calculate the net present value, with respect to the occurrence of an IPO, merger with a SPAC or acquisition, that is equal to or greater than 20.0%, 30.0%, and 35.0% (the “IRR Thresholds,” and together with the Share Price Thresholds, the “Aggregate Exit Proceeds Thresholds”). In the event of an IPO or a merger with a SPAC, the Aggregate Exit Proceeds Thresholds are measured on the basis of the closing price average for any trailing 20 trading day period (the “Measurement Period”) that occurs following such IPO or a merger with a SPAC, with the Measurement Period commencing upon expiration of the 180-day lock-up period following such IPO or merger with a SPAC, until the options expire or the Chief Executive Officer ceases to provide services to the Company. The options expire within 10 years less one day following the grant date. Upon consummation of the Business Combination, the performance condition was met and the Company recorded cumulative catch-up compensation expense of $4.6 million for the three and nine months ended September 30, 2022. Total compensation expense recognized for the CEO Option during the nine months ended September 30, 2023 w as $0.5 million . The Company used the Monte Carlo simulation model to determine the fair value of the options with performance and market-based vesting conditions for purposes of calculating share-based compensation expense if vesting conditions are met. The Monte Carlo simulation model incorporates the probability of satisfying performance and market conditions and uses transaction details such as stock price, contractual terms, maturity and risk-free interest rates, as well as volatility. The fair value of the performance-based stock options was $2.27 per option share estimated using the Monte Carlo simulation methodology. Effective June 15, 2023, and pursuant to approval by the Company's stockholders at the Company's 2023 annual stockholder meeting held on June 14, 2023 (the "Annual Meeting"), the Company cancelled the CEO Option and concurrently granted a market-based RSU award (the “CEO RSU”) representing the right to receive up to 2,339,030 shares of the Company’s common stock under the 2022 Plan based on the achievement of three specified stock price performance metrics. The CEO RSU is divided into three tranches that will vest if the average closing price of the Company’s common stock meets or exceeds $4.00, $8.00, or $12.00 for any trailing 20 trading day period. The CEO RSU will forfeit when the Chief Executive Officer ceases to provide services to the Company. The Company concluded that the cancellation of the CEO Option and the concurrent grant of a replacement award was accounted for as a modification of the terms of the cancelled award. The Company concluded that the vesting condition in connection with the achievement of a target price per common stock share qualifies as a market condition, and the condition related to continuous service as the Chief Executive Officer qualifies as a service condition. The Company determined that June 15, 2023 is the modification date. As the CEO RSU contains market and service conditions, the fair value of the CEO RSU was measured using the Monte Carlo simulation model. The derived service period of each tranche is the requisite service period over which the compensation expense with respect to each tranche is recognized. The Monte Carlo simulation model incorporates the probability of satisfying the market conditions and uses inputs and assumptions including stock price, contractual terms, volatility, and risk-free interest rates. The total fair value of the CEO RSU was $4.1 million as of the modification date. The total incremental costs related to the cancelled CEO Option and reissued CEO RSU was $0.3 million. The incremental compensation cost is being recognized over the remaining derived service period of the CEO RSU. In addition, as the CEO Option was cancelled and not forfeited, no previously recognized compensation costs was reversed, and the unrecognized compensation cost related to the cancelled CEO Option will be recognized over the new derived service period of the CEO RSU proportionally to the fair value of each tranche. The Company recognized less than $0.1 million in share-based compensation expense related to the cancelled CEO Option and reissued CEO RSU in the three and nine months ended September 30, 2023. Early Exercised Options Under the 2018 Plan, certain stock option holders may have the right to exercise unvested options, subject to a repurchase right held by the Company at the original exercise price, in the event of voluntary or involuntary termination of employment of the option holders, until the options are fully vested. As of September 30, 2023 and December 31, 2022, the cash proceeds received for unvested shares of common stock recorded within accrued expenses and other current liabilities in the unaudited condensed consolidated balance sheets wer e $0.3 million a nd $0.6 million, respectively, which will be transferred to additional paid-in capital upon vesting. Options Granted to Directors In July 2021, Legacy Forge’s board of directors granted options to certain members of the board in connection with their services, to purchase 499,669 shares of Legacy Forge's Class AA common stock at an exercise price of $5.43 per share. Subject to the option agreement, the options shall vest in full and become exercisable immediately prior to the consummation of a deemed liquidation event or SPAC transaction. Upon consummation of the Business Combination, the performance-based vesting condition for the options was met and the Company recorded $1.2 million of share-based compensation expense related to the options. RSUs The Company’s RSUs are convertible into shares of the Company’s common stock upon vesting on a one-to-one basis, and generally contain time-based vesting conditions. RSUs granted to certain executives also contain market-based vesting conditions (the “Executive Retention RSUs”) or performance-based vesting conditions (the "Executive Performance RSUs"). The RSUs generally vest over the service period of one RSU activity during the nine months ended September 30, 2023 was as follows: Total RSUs Service-based Performance-based Market-based Weighted Average Grant Date Fair Value Per Share Unvested as of December 31, 2022 10,578,313 9,171,289 — 1,407,024 $ 10.04 Granted 11,910,028 7,765,448 1,805,550 2,339,030 1.6 Vested (1) (2,156,251) (1,687,241) — (469,010) 14.7 Forfeited (1,554,181) (1,554,181) — — 9.27 Unvested as of September 30, 2023 18,777,909 13,695,315 1,805,550 3,277,044 $ 4.22 (1) Common stock has not been issued in connection w ith 13,093 vested RSUs because such RSUs were unsettled as of September 30, 2023. During the three and nine months ended September 30, 2023, the Company recognize d share-based compensation expense of $8.3 million and $21.5 million, respectively, related to all its RSUs. During the three and nine months ended September 30, 2022, the Company recognize d share-based compensation expense of $24.8 million and $33.0 million, respectively, related to its RSUs. Future share-based compensation expense for unvested RSUs as of September 30, 2023 was $49.0 million , which is to be recognized over a weighted-average period of 2.0 years. Executive Retention RSUs On June 1, 2022, as a result of the consummation of the Merger, the Compensation Committee of the Company's board of directors (the "Compensation Committee") granted a total of 1,859,137 RSUs to certain executives (the “Executive Retention RSUs”) that contained market-based vesting conditions in addition to time-based vesting conditions. The Executive Retention RSUs vest in three equal tranches on the earlier of (1) the first, second, and third anniversaries of the consummation of the Merger, respectively, (the “Time Vesting Component”) or (2) achievement of the following market-based conditions: (a) in the event the Company’s stock price meets or exceeds the price of $12.50 per share during the RSU Measurement Period (as defined below), the first tranche will vest immediately, and the Time Vesting Component of the second and third tranches will be accelerated by six months; and (b) in the event the Company’s stock price meets or exceeds the price of $15.00 per share during the RSU Measurement Period (as defined below), the second tranche will vest immediately, and the Time Vesting Component of the third tranche will be accelerated by an additional six months. The RSU Measurement Period is equal to 20 trading days within any 30 trading day period commencing upon the expiration of a six-month lock-up period following the Merger. The fair value per share for the Executive Retention RSUs was determined by reference to the market price of the Company’s shares at the date of the grant, which was $20.26 per share. The Company used the Monte Carlo simulation model to determine the derived service period for the Executive Retention RSUs for the purposes of calculating the respective share-based compensation expense. The significant inputs used in the valuation included the Company's closing stock price as of the grant date of $20.26, cost of equity of 9.0%, dividend yield of 0.0%, volatility of 35.7%, and risk-free rate of 2.8%. The derived service period for the first, second, and third tranche of the Executive Retention RSUs was 0.4 years, 0.4 years, and 1.8 years, respectively. In December 2022, the Company accelerated vesting of 251,364 stock options and 210,987 Executive Retention RSUs of one of its executives in connection with the termination of employment with the Company. During the three and nine months ended September 30, 2023, 469,010 Executive Retention RSUs were vested. During the three and nine months ended September 30, 2023, the Company recognized share-based compensation expe nse of $1.3 million and $3.9 million, respectively, related to the Executive Retention RSUs. During the three and nine months ended September 30, 2022, the Company recognized share-based compensation expe nse of $17.6 million and $23.3 million, respectively. Unrecognized share-based compensation expense for unvested Executive Retention RSUs as of September 30, 2023 was $2.5 million , which is to be recognized over a weighted-average period of 0.5 years . Executive Performance RSUs On April 24, 2023, the Compensation Committee and the board of directors granted a total of 4.9 million RSUs to certain executives. 3.1 million of the RSUs granted are subject to time-based vesting conditions and 1.8 million of the RSUs granted are subject to performance-based vesting conditions in addition to time-based vesting conditions. The performance-based vesting RSUs will vest based on the achievement of the Company's revenue goals for the fiscal year ended December 31, 2023 (as certified by the Compensation Committee or the board of directors, as applicable) and continued service through each applicable vesting date.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe Company’s effective tax rates from continuing operations was (1.6)% and (1.2)% for the three and nine months ended September 30, 2023, respectively, and (0.3)% and (0.2)% for the three and nine months ended September 30, 2022, respectively. The Company’s full valuation allowance in the United States caused the year-to-date effective tax rate to be different from the U.S. federal statutory tax rate.

Net Loss Per Share

Net Loss Per Share	9 Months Ended
Net Loss Per Share	Sep. 30, 2023
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss per Share The Company has one class of common stock. The diluted net loss per share attributable to common stockholders is calculated by giving effect to all potentially dilutive common stock equivalents during the period using the two-class method. The Company’s stock options, warrants, and early exercised stock options are considered to be potential common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to common stockholders because the holders of these securities do not have a contractual right to share in the Company's losses, and their effect would be anti-dilutive. Therefore, the net loss for the nine months ended September 30, 2023 and 2022 was attributed to common stockholders only. The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods presented (in thousands, except for share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net loss attributable to Forge Global Holdings, Inc., basic $ (18,348) $ (16,198) $ (64,425) $ (85,741) Decrease in fair value of public warrants — (3,937) — (3,897) Net loss attributable to common stockholders, diluted $ (18,348) $ (20,135) $ (64,425) $ (89,638) Denominator: Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic 173,957,880 169,838,778 173,045,721 134,683,950 Weighted-average number of shares used to compute net loss per share attributable to common stockholders, diluted 173,957,880 170,209,256 173,045,721 135,960,612 Net loss per share attributed to common stockholders: Basic $ (0.11) $ (0.10) $ (0.37) $ (0.64) Diluted $ (0.11) $ (0.12) $ (0.37) $ (0.66) The following potentially dilutive shares were excluded in the calculation of diluted shares outstanding as the effect would have been anti-dilutive: September 30, 2023 December 31, 2022 Outstanding options 8,401,764 12,853,072 Common stock and preferred stock warrants 3,282,652 3,282,652 Private Placement Warrants issued upon Merger 7,386,667 7,386,667 Common stock subject to repurchase 505,104 1,064,323 Restricted stock units 18,777,909 10,884,476 Total 38,354,096 35,471,190

Related Party Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Off Balance Sheet Items Forge Global Advisors LLC ("Forge Advisors"), a wholly-owned subsidiary of the Company and an investment adviser registered under the Investment Advisers Act of 1940, as amended, advises investment funds, each of which are organized as a series of Forge Investments LLC and segregated portfolio companies of Forge Investments SPC and Forge Investments II SPC (such investment funds and portfolio companies are individually and collectively referred to as “Investment Funds”). The Investment Funds are each formed for the purpose of investing in securities relating to a single private company and are owned by different investors. Effective January 1, 2023, Forge Advisors serves as the manager of the Forge Investments LLC series Investment Funds. Prior to January 1, 2023, the Forge Investments LLC series Investment Funds were managed by a third-party fund administrator. The Company utilizes a third-party fund administrator to manage the Forge Investments SPC and Forge Investments II SPC Investment Funds. The Company has no ownership interest nor participation in the gains or losses of the Investment Funds. The Company does not consolidate Forge Investments LLC, Forge Investments SPC, Forge Investments II SPC, or any of the Investment Funds, because the Company has no direct or indirect interest in the Investment Funds and the amount of expenses the Company pays on behalf of the Investment Funds are not significant to the entities. Investors in the Investment Funds do not have any recourse to the assets of the Company. While not contractually required, Forge Advisors may, at its sole discretion, absorb certain expenses on behalf of the Investment Funds. Transaction-based expenses include fund insurance and fund management expenses and are recorded in transaction-based expenses in the unaudited condensed consolidated statements of operations. Audit and accounting related services are recorded in professional services in the unaudited condensed consolidated statements of operations. Professional services expenses of $0.2 million and $0.9 million were recognized in the unaudited condensed consolidated statements of operations during the three and nine months ended September 30, 2023 , respectively. Transaction-based expenses of less than $0.1 million and $0.2 million and professional services expenses of $0 and $0.6 million were recognized during the three and nine months ended September 30, 2022 , respectively. On September 7, 2022, the Company and DBAG formed a subsidiary, Forge Europe GmbH. DBAG is a stockholder of the Company and one of the Company's directors is affiliated with this entity. See Note 1, "Organization and Description of Business," for additional information. Financial Technology Partners LP (“Financial Technology Partners”), a stockholder of the Company and affiliated entity of Steven McLaughlin, one of the Company's former directors, previously served as financial and strategic advisor to the Company on its financing, merger, and acquisition transactions. During the nine months ended September 30, 2022, the Company incurred $18.3 million in fees to Financial Technology Partners, of which $17.4 million was related to common stock issued during the Merger and was recorded as a reduction to additional paid-in capital. The remaining $0.9 million was related to issuance of Public and Private Placement Warrants, including warrants issued to A&R FPA investors, and was expensed immediately upon consummation of the Merger as acquisition-related transaction cost in the unaudited condensed consolidated statements of operations. Mr. McLaughlin resigned from the Company's board of directors on May 27, 2022. As a result, each of Mr. McLaughlin and Financial Technology Partners ceased being a related party in the quarter ended June 30, 2022. James Herbert, II, one of the Company's directors during the three months ended March 31, 2023, through the James and Cecilia Herbert 1994 Revocable Trust, purchased 75,000 shares of the Company's common stock (for a purchase price of $0.8 million) in the PIPE Investment, concurrently and in connection with the closing of the Business Combination. Mr. Herbert's transaction was on the same terms as the other investors who purchased shares in the PIPE Investment pursuant to certain subscription agreements dated September 13, 2021. Mr. Herbert resigned from the Company's board of directors in April 2023. As a result, Mr. Herbert ceased being a related party in the quarter ended June 30, 2023. Prior to the Business Combination, one of Legacy Forge's directors was also a director of Temasek Holding (Private) Limited ("Temasek"). Such director did not remain on the Company's board of directors following the closing of the Business Combination. Temasek, through its wholly-owned subsidiary, Ossa Investments Pte. Ltd, purchased 1,000,000 shares of the Company's common stock (for a purchase price of $10.0 million) in the PIPE Investment, concurrently and in connection with the closing of the Business Combination. This transaction was on the same terms as the other investors who purchased shares in the PIPE Investment pursuant to certain subscription agreements dated September 13, 2021. Prior to November 2022, Temasek was a 5% stockholder of the Company and thus a related party. Effective November 2022, Temasek ceased being a 5% stockholder and thus a related party based on the Company's outstanding stock. The Company has entered into client engagement agreements with certain companies to serve as the exclusive transaction agent to help facilitate private purchases of shares of issuers. These companies are identified as related parties as they are holders of the Company’s common stock. The Company recognized placement fee revenue for trades executed with these companies in the unaudited condensed consolidated statements of operations. The Company recognized associated revenue of $0.6 million for the three and nine months ended September 30, 2022. There was no associated revenue recognized for the three and nine months ended September 30, 2023. A family member of one of the Company’s executive officers is a portfolio manager for investment funds that engage in secondary transactions with the Company in the ordinary course of business. Such transactions became related party transactions upon the employee's appointment to executive officer in April 2023. For the three and nine months ended

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (18,348)	$ (16,198)	$ (64,425)	$ (85,741)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company, and its subsidiaries and have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). All intercompany balances and transactions have been eliminated in consolidation.
Consolidation	In the normal course of business, the Company has transactions with various investment entities. In certain instances, the Company provides investment advisory services to pooled investment vehicles (each, an “Investment Fund”). The Company does not have discretion to make any investment, except for the specific investment for which an Investment Fund was formed. The Company performs an assessment to determine (a) whether the Company’s investments or other interests will absorb portions of a variable interest entity’s expected losses or receive portions of the entity’s expected residual returns and (b) whether the Company’s involvement, through holding interests directly or indirectly in the entity would give it a controlling financial interest. The Company consolidates entities in which it, directly or indirectly, is determined to have a controlling financial interest. Consolidation conclusions are reviewed quarterly to identify whether any reconsideration events have occurred. There have been no changes to the Company's significant accounting policies described in the audited consolidated financial statements for the year ended December 31, 2022, that have had a material impact on these unaudited condensed consolidated financial statements and related notes. See Note 9, "Off Balance Sheet Items", for additional information.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affe ct the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant management estimates include collectability of accounts receivable, the fair value of financial assets and liabilities, the impairment of long-lived assets and goodwill, the fair value of warrants, equity awards, share-based compensation expenses, including the determination of the fair value of the Company’s common stock prior to the Business Combination and the derived service period for the awards containing market-based vesting conditions, and the valuation of deferred tax assets. These estimates are inherently subjective in nature and, therefore, actual results may differ from the Company’s estimates and assumptions. The Company bases its estimates on historical experience and also on assumptions that it believes are reasonable. Further, the Company applies judgment in determining whether, directly or indirectly, it has a controlling financial interest in the Investment Funds, in order to conclude whether any of the Investment Funds must be consolidated. The Company believes the estimates and assumptions underlying the unaudited condensed consolidated financial statements are reasonable and supportable based on the information available as of September 30, 2023. These estimates may change as new events occur and additional information is obtained, and related financial impacts will be recognized in the Company’s consolidated financial statements as soon as those events become known.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company’s long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. The Company also evaluates the period of depreciation and amortization of long-lived assets to determine whether events or circumstances warrant revised estimates of useful lives. When indicators of impairment are present, the Company determines the recoverability of its long-lived assets by comparing the carrying value of its long-lived assets to future undiscounted net cash flows expected to result from the use of the assets and their eventual disposition. If the estimated future undiscounted cash flows demonstrate the long-lived assets are not recoverable, an impairment loss would be calculated based on the excess of the carrying amounts of the long-lived assets over their fair value. No impairment charges were recognized d uring the three months ended September 30, 2023
Goodwill and Other Intangible Assets, Net	Goodwill and Other Intangible Assets, Net Goodwill represents the excess of the aggregate fair value of the consideration transferred in a business combination over the fair value of the assets acquired, net of liabilities assumed. Goodwill is not amortized but is tested for impairment annually on October 1, or more frequently if events or changes in circumstances indicate the goodwill may be impaired. These events or circumstances could include a significant change in the business climate, regulatory environment, established business plans, operating performance indicators, or competition. Potential impairment indicators may also include, but are not limited to, (i) the results of the Company’s most recent annual or interim impairment testing, (ii) downward revisions to internal forecasts, (iii) declines in the Company’s market capitalization below its book value, and the magnitude and duration of those declines, (iv) a reorganization resulting in a change to the Company’s operating segments, and (v) other macroeconomic factors, such as increases in interest rates that may affect the weighted average cost of capital or volatility in the equity and debt markets. No impairment charges were recognized d uring the nine months ended September 30, 2023. In-process research and development (“IPR&D”) assets acquired in a business combination are considered indefinite lived until the completion or abandonment of the associated research and development efforts. Upon conclusion of the relevant research and development project, the Company will amortize the acquired IPR&D over its estimated useful life or expense the acquired IPR&D should the research and development project be unsuccessful with no future alternative use. Acquired intangible assets also consist of identifiable intangible assets, primarily software technology, trade name, and customer relationships resulting from business acquisitions. Finite-lived intangible assets are recorded at fair value on the date of acquisition and are amortized over their estimated useful lives. The Company bases the useful lives and related amortization expense on its estimate of the period that the assets will generate revenues or otherwise be used.
Accounts Receivable, Net	Accounts Receivable, NetAccounts receivable consist of amounts billed and currently due from customers, which are subject to collection risk.
Concentration of Credit Risks	Concentration of Credit RisksThe Company’s exposure to credit risk associated with its contracts with holders of private company equity (“sellers”) and investors (“buyers”) related to the transfer of private securities is measured on an individual counterparty basis. Credit risk is affected by volatility in traded credit spreads, increasing discount rates, and changing economic outlook on a sectoral or counterpart (name) specific basis. To reduce the potential for risk concentration, the Company’s aggregate exposure is monitored in light of changing counterparty and market conditions.
Revenue Recognition	Revenue Recognition Contract Balances

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables present the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis (in thousands): As of September 30, 2023 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 123,824 $ — $ — $ 123,824 Payment-dependent notes receivable, non-current — — 5,763 5,763 Certificates of deposit (1)(2) — 3,130 — 3,130 Total financial assets $ 123,824 $ 3,130 $ 5,763 $ 132,717 Payment-dependent notes payable, non-current — — 5,763 5,763 Junior preferred stock warrants — — 1,105 1,105 Private placement warrants — — 2,216 2,216 Total financial liabilities $ — $ — $ 9,084 $ 9,084 As of December 31, 2022 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 149,139 $ — $ — $ 149,139 Payment-dependent notes receivable, non-current — — 7,371 7,371 Total financial assets $ 149,139 $ — $ 7,371 $ 156,510 Payment-dependent notes payable, non-current — — 7,371 7,371 Junior preferred stock warrants — — 384 384 Private placement warrants — — 222 222 Total financial liabilities $ — $ — $ 7,977 $ 7,977 (1) Included in prepaid expenses and other current assets on the unaudited condensed consolidated balance sheets as of September 30, 2023 and consolidated balance sheets as of December 31, 2022.
Fair Value Measurement Inputs and Valuation Techniques	The Company estimated the fair value of the Junior Preferred Stock Warrants as of September 30, 2023 and December 31, 2022, respectively, using the following key assumptions: September 30, December 31, Fair value of underlying securities $ 2.03 $ 1.73 Expected term (years) 2.11 2.9 Expected volatility 105.0% 46.1% Risk-free interest rate 5.0% 4.2% Expected dividend yield 0.0% 0.0% Fair value per warrant $ 0.42 $ 0.15 The significant assumptions used in the analysis were the trading price of the Company’s common stock as of September 30, 2023 and December 31, 2022, respectively, using the following key assumptions: September 30, December 31, Fair value of underlying securities $ 2.03 $ 1.73 Expected term (years) 3.5 4.2 Expected volatility 107.5% 44.6% Risk-free interest rate 4.8% 4.1% Expected dividend yield 0.0% 0.0% Fair value per warrant $ 0.30 $ 0.03
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables provide reconciliation for all financial assets and liabilities measured at fair value using significant unobservable inputs (Level 3) for the nine months ended September 30, 2023 and 2022 (in thousands): Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2022 $ 7,371 $ 7,977 Change in fair value of payment-dependent notes receivable (1,608) — Change in fair value of payment-dependent notes payable — (1,608) Change in fair value of Junior Preferred Stock Warrants — 721 Change in fair value of Private Placement Warrants — 1,994 Balance as of September 30, 2023 $ 5,763 $ 9,084 Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2021 $ 13,453 $ 21,297 Change in fair value of payment-dependent notes receivable (6,945) — Change in fair value of payment-dependent notes payable — (6,945) Change in fair value of Series B-1 Preferred Stock Warrant liability — 106 Settlement of Series B-1 Preferred Stock Warrant liability via conversion to equity-classified common stock warrants — (2,950) Exercise of Junior Preferred Stock Warrants — (653) Change in fair value of Junior Preferred Stock Warrants — (3,937) Transfer of Private Placement Warrants out of Level 2 to Level 3 — 20,461 Change in fair value of Private Placement Warrants — (20,239) Balance as of September 30, 2022 $ 6,508 $ 7,140
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables provide reconciliation for all financial assets and liabilities measured at fair value using significant unobservable inputs (Level 3) for the nine months ended September 30, 2023 and 2022 (in thousands): Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2022 $ 7,371 $ 7,977 Change in fair value of payment-dependent notes receivable (1,608) — Change in fair value of payment-dependent notes payable — (1,608) Change in fair value of Junior Preferred Stock Warrants — 721 Change in fair value of Private Placement Warrants — 1,994 Balance as of September 30, 2023 $ 5,763 $ 9,084 Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2021 $ 13,453 $ 21,297 Change in fair value of payment-dependent notes receivable (6,945) — Change in fair value of payment-dependent notes payable — (6,945) Change in fair value of Series B-1 Preferred Stock Warrant liability — 106 Settlement of Series B-1 Preferred Stock Warrant liability via conversion to equity-classified common stock warrants — (2,950) Exercise of Junior Preferred Stock Warrants — (653) Change in fair value of Junior Preferred Stock Warrants — (3,937) Transfer of Private Placement Warrants out of Level 2 to Level 3 — 20,461 Change in fair value of Private Placement Warrants — (20,239) Balance as of September 30, 2022 $ 6,508 $ 7,140

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheet Components (Tables)	9 Months Ended
Condensed Consolidated Balance Sheet Components (Tables)	Sep. 30, 2023
Regulated Operations [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following (in thousands): September 30, December 31, Prepaid insurance $ 2,889 $ 3,250 Prepaid software 1,455 1,406 Other prepaid expenses 951 1,546 Certificates of deposit 3,131 — Other current assets 1,722 2,177 Prepaid expenses and other current assets $ 10,148 $ 8,379
Capitalized Internal-Use Software, Net	Capitalized internal-use software consists of the following (in thousands): September 30, December 31, Capitalized internal-use software $ 9,062 $ 9,605 Less: Accumulated amortization (4,039) (1,965) Total capitalized internal-use software $ 5,023 $ 7,640
Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consist of the following (in thousands): September 30, December 31, Accrued professional services $ 3,200 $ 1,380 Contingent liability 1,100 1,500 Accrued taxes and deferred tax liabilities 1,403 1,006 Common stock unvested liability 259 589 Other current liabilities 2,159 1,946 Total $ 8,121 $ 6,421

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
Goodwill and Intangible Assets, Net (Tables)	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets	The components of intangible assets and accumulated amortization are as follows (in thousands): As of September 30, 2023 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 1.1 years $ 13,200 $ (10,124) $ 3,076 Customer relationships 5.6 years 7,507 (3,434) 4,073 Launched in-process research and development assets 3.0 years 960 (384) 576 Total finite-lived intangible assets $ 21,667 $ (13,942) $ 7,725 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets 23,891 (13,942) 9,949 Total goodwill and intangible assets $ 144,839 $ (13,942) $ 130,897 As of December 31, 2022 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 1.8 years $ 13,200 $ (8,035) $ 5,165 Customer relationships 6.1 years 7,507 (2,677) 4,830 Launched in-process research and development assets 3.7 years 960 (240) 720 Total finite-lived intangible assets $ 21,667 $ (10,952) $ 10,715 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets 23,891 (10,952) 12,939 Total goodwill and intangible assets $ 144,839 $ (10,952) $ 133,887
Schedule of Finite-Lived Intangible Assets	The components of intangible assets and accumulated amortization are as follows (in thousands): As of September 30, 2023 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 1.1 years $ 13,200 $ (10,124) $ 3,076 Customer relationships 5.6 years 7,507 (3,434) 4,073 Launched in-process research and development assets 3.0 years 960 (384) 576 Total finite-lived intangible assets $ 21,667 $ (13,942) $ 7,725 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets 23,891 (13,942) 9,949 Total goodwill and intangible assets $ 144,839 $ (13,942) $ 130,897 As of December 31, 2022 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 1.8 years $ 13,200 $ (8,035) $ 5,165 Customer relationships 6.1 years 7,507 (2,677) 4,830 Launched in-process research and development assets 3.7 years 960 (240) 720 Total finite-lived intangible assets $ 21,667 $ (10,952) $ 10,715 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets 23,891 (10,952) 12,939 Total goodwill and intangible assets $ 144,839 $ (10,952) $ 133,887
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The table below presents estimated future amortization expense for finite-lived intangible assets as of September 30, 2023 (in thousands): Amount Remainder of 2023 $ 978 2024 3,462 2025 802 2026 754 2027 610 Thereafter 1,119 Total $ 7,725

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2023
Leases [Abstract]
Schedule of Operating Lease Expense	Operating lease expense, included in rent and occupancy in the unaudited condensed consolidated statements of operations, were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Operating lease expense $ 855 $ 853 $ 2,655 $ 2,818 Variable lease expense $ 231 $ 222 $ 704 $ 625 Total operating lease expenses (1) $ 1,086 $ 1,075 $ 3,359 $ 3,443 Sublease income (2) $ 226 $ 226 $ 678 $ 463 (1) Operating lease expense is included in rent and occupancy in the unaudited condensed consolidated statements of operations.
Schedule of Future Undiscounted Lease Payments	Future undiscounted lease payments under operating leases as of September 30, 2023 were as follows (in thousands) : Lease Payment Obligation Sublease Income Net Lease Obligation Remainder of 2023 $ 1,658 $ (316) $ 1,342 2024 2,134 (360) 1,774 2025 1,619 (210) 1,409 2026 — — — 2027 — — — Thereafter $ — $ — $ — Total undiscounted lease payments $ 5,411 $ (886) $ 4,525 Less: imputed interest (1,109) Present value of future lease payments 4,302 Less: operating lease liabilities, current 2,300 Operating lease liabilities, noncurrent $ 2,002

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
Commitments and Contingencies (Tables)	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation, Fiscal Year Maturity	As of September 30, 2023, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer, excluding operating lease obligations (See Note 7, "Leases," for additional information) as follows (in thousands): Amount Remainder of 2023 $ 1,145 2024 1,947 2025 1,993 2026 2,203 2027 1,253 Thereafter — Total $ 8,541

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
Share-Based Compensation (Tables)	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Common Stock Reserved for Future Issuance	The Company has the following shares of common stock reserved for future issuance, on an as-if converted basis: September 30, December 31, Warrants to purchase common stock 3,282,652 3,282,652 Stock options issued and outstanding under 2018 Plan (1) 8,395,260 12,853,072 Shares available for grant under 2022 Plan (2) 2,093,403 3,310,803 RSUs issued and outstanding under 2022 Plan 18,791,002 10,884,476 Shares available for grant under 2022 ESPP 5,797,609 4,072,000 Outstanding Private Placement Warrants 7,386,667 7,386,667 Total shares of common stock reserved 45,746,593 41,789,670 June 15, 2023, the Company cancelled the CEO Option (as defined below), which was granted under the 2018 Plan. As a result of such cancellation, the 3,122,931 shares of common stock underlying the CEO Option became available for future awards under the 2022 Plan. (2) To the extent outstanding options granted under the 2018 Plan are cancelled, forfeited, or otherwise terminated without being exercised and would have been returned to the share reserve under the 2018 Plan following the closing date of the Merger, the number of shares of common stock underlying such awards will be available for future awards under the 2022 Plan.
Schedule of Stock Option Activity	Stock option activity during the nine months ended September 30, 2023 consisted of the following (in thousands, except for share and per share data): Stock Options Weighted Average Exercise Price Weighted- Average Life (Years) Aggregate Intrinsic Value Balance as of December 31, 2022 12,853,072 $ 2.39 7.0 $ 7,055 Exercised (692,220) 0.65 Cancelled/Forfeited/Expired (1) (3,759,088) 3.64 Balance as of September 30, 2023 8,401,764 $ 1.97 6.0 $ 7,795 Vested and exercisable as of September 30, 2023 6,891,094 $ 1.81 5.6 $ 6,948 (1) Effective June 15, 2023, the Company cancelled the CEO Option (as defined below), which was granted under the 2018 Plan. As a result of such cancellation, the 3,122,931 shares of common stock underlying the CEO Option became available for future awards under the 2022 Plan.
Schedule of RSU Activity	RSU activity during the nine months ended September 30, 2023 was as follows: Total RSUs Service-based Performance-based Market-based Weighted Average Grant Date Fair Value Per Share Unvested as of December 31, 2022 10,578,313 9,171,289 — 1,407,024 $ 10.04 Granted 11,910,028 7,765,448 1,805,550 2,339,030 1.6 Vested (1) (2,156,251) (1,687,241) — (469,010) 14.7 Forfeited (1,554,181) (1,554,181) — — 9.27 Unvested as of September 30, 2023 18,777,909 13,695,315 1,805,550 3,277,044 $ 4.22 (1) Common stock has not been issued in connection w ith 13,093 vested RSUs because such RSUs were unsettled as of September 30, 2023.

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
Net Loss Per Share (Tables)	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods presented (in thousands, except for share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net loss attributable to Forge Global Holdings, Inc., basic $ (18,348) $ (16,198) $ (64,425) $ (85,741) Decrease in fair value of public warrants — (3,937) — (3,897) Net loss attributable to common stockholders, diluted $ (18,348) $ (20,135) $ (64,425) $ (89,638) Denominator: Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic 173,957,880 169,838,778 173,045,721 134,683,950 Weighted-average number of shares used to compute net loss per share attributable to common stockholders, diluted 173,957,880 170,209,256 173,045,721 135,960,612 Net loss per share attributed to common stockholders: Basic $ (0.11) $ (0.10) $ (0.37) $ (0.64) Diluted $ (0.11) $ (0.12) $ (0.37) $ (0.66)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following potentially dilutive shares were excluded in the calculation of diluted shares outstanding as the effect would have been anti-dilutive: September 30, 2023 December 31, 2022 Outstanding options 8,401,764 12,853,072 Common stock and preferred stock warrants 3,282,652 3,282,652 Private Placement Warrants issued upon Merger 7,386,667 7,386,667 Common stock subject to repurchase 505,104 1,064,323 Restricted stock units 18,777,909 10,884,476 Total 38,354,096 35,471,190

Organization and Description _2

Organization and Description of Business (Details) $ in Millions		13 Months Ended
	Sep. 07, 2022 USD ($)	Sep. 30, 2022 USD ($)	Mar. 21, 2022
Variable Interest Entity [Line Items]
Exchange ratio			3.122931
Forge Europe
Variable Interest Entity [Line Items]
Cash consideration		$ 4.6
Forge Europe \| Forge Global Holdings, Inc. and Deutsche Börse Aktiengesellschaft
Variable Interest Entity [Line Items]
Cash consideration	$ 14.1	14.1
Forge Europe \| Deutsche Börse Aktiengesellschaft
Variable Interest Entity [Line Items]
Cash consideration		$ 9.5

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Accounting Policies [Line Items]
Loss on impairment of long lived assets	$ 0		$ 536,000	$ 446,000
Goodwill impairment			0
Allowance for doubtful accounts	1,300,000		1,300,000		$ 900,000
Contract liabilities	300,000		300,000		$ 400,000
Revenue recognized	100,000		400,000
Total revenues	18,563,000	$ 15,900,000	50,762,000	52,562,000
Non-US
Accounting Policies [Line Items]
Total revenues	$ 1,000,000	$ 1,900,000	$ 3,000,000	$ 6,100,000

Recapitalization (Details)

Recapitalization (Details) $ / shares in Units, $ in Thousands		3 Months Ended	9 Months Ended
	Mar. 21, 2022 USD ($) shares $ / shares	Jun. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) $ / shares	Sep. 30, 2022 USD ($)	Dec. 31, 2022 $ / shares
Recapitalization [Line Items]
Shares acquired percentage	100%
Proceeds from reverse recapitalization	$ 216,400
Proceeds from the Merger	7,900		$ 0	$ 7,865
Purchase price			0	208,500
Payments of reverse recapitalization transaction costs	61,800
Adjustments to stock issuance costs	58,700	$ 58,673
Transaction expenses related to the Merger	3,100
One time transaction bonus	17,700
Portion paid in cash	12,200
Settlement of related party promissory notes (Note 3)	$ 5,500		$ 0	$ 5,517
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001		$ 0.0001		$ 0.0001
Class A \| Motive Capital Corp
Recapitalization [Line Items]
Conversion ratio (in shares) \| shares	1
Class B \| Motive Capital Corp
Recapitalization [Line Items]
Conversion ratio (in shares) \| shares	1
PIPE Investment
Recapitalization [Line Items]
Purchase price	$ 68,500
PIPE Investment \| Private Placement
Recapitalization [Line Items]
Shares issued (in shares) \| shares	6,850,000
Sale of stock, price per share (in dollars per share) \| $ / shares	$ 10
Motive Fund Vehicles Investor
Recapitalization [Line Items]
Purchase price	$ 140,000
Sale of units (in shares) \| shares	1
Motive Fund Vehicles Investor \| Public Warrant
Recapitalization [Line Items]
Sale of unit, number of warrants in each unit \| shares	0.0033
Motive Fund Vehicles Investor \| Private Placement
Recapitalization [Line Items]
Number of units issued in transaction (in units) \| shares	14,000,000
Sale of units, price per unit (in dollars per unit) \| $ / shares	$ 10

Fair Value Measurements - Hiera

Fair Value Measurements - Hierarchy for Assets and Liabilities on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment-dependent notes receivable, noncurrent	$ 5,763	$ 7,371
Payment-dependent notes payable, noncurrent	5,763	7,371
Warrant liabilities	3,321	606
Fair Value, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment-dependent notes receivable, noncurrent	5,763	7,371
Certificates of deposit	3,130
Total financial assets	132,717	156,510
Payment-dependent notes payable, noncurrent	5,763	7,371
Total financial liabilities	9,084	7,977
Certificates of deposit required for real estate lease agreement	1,000
Fair Value, Recurring \| Junior preferred stock warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	1,105	384
Fair Value, Recurring \| Private placement warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	2,216	222
Fair Value, Recurring \| Money market funds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	123,824	149,139
Fair Value, Recurring \| Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment-dependent notes receivable, noncurrent	0	0
Certificates of deposit	0
Total financial assets	123,824	149,139
Payment-dependent notes payable, noncurrent	0	0
Total financial liabilities	0	0
Fair Value, Recurring \| Level 1 \| Junior preferred stock warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	0	0
Fair Value, Recurring \| Level 1 \| Private placement warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	0	0
Fair Value, Recurring \| Level 1 \| Money market funds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	123,824	149,139
Fair Value, Recurring \| Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment-dependent notes receivable, noncurrent	0	0
Certificates of deposit	3,130
Total financial assets	3,130	0
Payment-dependent notes payable, noncurrent	0	0
Total financial liabilities	0	0
Fair Value, Recurring \| Level 2 \| Junior preferred stock warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	0	0
Fair Value, Recurring \| Level 2 \| Private placement warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	0	0
Fair Value, Recurring \| Level 2 \| Money market funds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	0	0
Fair Value, Recurring \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment-dependent notes receivable, noncurrent	5,763	7,371
Certificates of deposit	0
Total financial assets	5,763	7,371
Payment-dependent notes payable, noncurrent	5,763	7,371
Total financial liabilities	9,084	7,977
Fair Value, Recurring \| Level 3 \| Junior preferred stock warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	1,105	384
Fair Value, Recurring \| Level 3 \| Private placement warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	2,216	222
Fair Value, Recurring \| Level 3 \| Money market funds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Change in fair value of warrant liabilities	$ (907)	$ (25,210)	$ 2,715	$ (19,808)
Series B-1 convertible preferred stock
Fair Value, Option, Quantitative Disclosures [Line Items]
Change in fair value of warrant liabilities		$ 100		100
Series B-1 convertible preferred stock \| Warrant
Fair Value, Option, Quantitative Disclosures [Line Items]
Change in fair value				(106)
Junior preferred stock warrants \| Warrant
Fair Value, Option, Quantitative Disclosures [Line Items]
Change in fair value	400		(721)	3,937
Private placement warrants \| Warrant
Fair Value, Option, Quantitative Disclosures [Line Items]
Change in fair value	$ 500		$ (1,994)	$ 20,239

Fair Value Measurements - Valua

Fair Value Measurements - Valuation of Warrants (Details)	Sep. 30, 2023 $ / shares yr	Dec. 31, 2022 $ / shares yr
Junior preferred stock warrants \| Monte Carlo Model \| Fair value of underlying securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	2.03	1.73
Junior preferred stock warrants \| Monte Carlo Model \| Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input \| yr	2.11	2.9
Junior preferred stock warrants \| Monte Carlo Model \| Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	1.050	0.461
Junior preferred stock warrants \| Monte Carlo Model \| Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.050	0.042
Junior preferred stock warrants \| Monte Carlo Model \| Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0	0
Junior preferred stock warrants \| Monte Carlo Model \| Fair value per warrant
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.42	0.15
Private placement warrants \| Binomial Lattice Model \| Fair value of underlying securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	2.03	1.73
Private placement warrants \| Binomial Lattice Model \| Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	3.5	4.2
Private placement warrants \| Binomial Lattice Model \| Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	1.075	0.446
Private placement warrants \| Binomial Lattice Model \| Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.048	0.041
Private placement warrants \| Binomial Lattice Model \| Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0	0
Private placement warrants \| Binomial Lattice Model \| Fair value per warrant
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.30	0.03

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Total Level 3 Financial Assets
Beginning balance		$ 7,371	$ 13,453
Ending balance	$ 5,763	5,763	6,508
Total Level 3 Financial Liabilities
Beginning balance		7,977	21,297
Ending balance	9,084	9,084	7,140
Notes Payable, Other Payables
Total Level 3 Financial Liabilities
Change in fair value		(1,608)	(6,945)
Warrant \| Series B-1 convertible preferred stock
Total Level 3 Financial Liabilities
Change in fair value			106
Settlements			(2,950)
Warrant \| Junior preferred stock warrants
Total Level 3 Financial Liabilities
Change in fair value	(400)	721	(3,937)
Exercise			(653)
Warrant \| Private placement warrants
Total Level 3 Financial Liabilities
Change in fair value	$ (500)	1,994	(20,239)
Transfers out of Level 2 to Level 3			20,461
Notes Receivable
Total Level 3 Financial Assets
Change in fair value		$ (1,608)	$ (6,945)

Condensed Consolidated Balanc_3

Condensed Consolidated Balance Sheet Components - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Regulated Operations [Abstract]
Prepaid insurance	$ 2,889	$ 3,250
Prepaid software	1,455	1,406
Other prepaid expenses	951	1,546
Certificates of deposit	3,131	0
Other current assets	1,722	2,177
Prepaid expenses and other current assets	$ 10,148	$ 8,379

Condensed Consolidated Balanc_4

Condensed Consolidated Balance Sheet Components - Capitalized Internal-Use Software (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Regulated Operations [Abstract]
Capitalized internal-use software	$ 9,062,000		$ 9,062,000		$ 9,605,000
Less: Accumulated amortization	(4,039,000)		(4,039,000)		(1,965,000)
Total capitalized internal-use software	5,023,000		5,023,000		$ 7,640,000
Capitalized internal-use software amortization expense	700,000	$ 400,000	2,100,000	$ 1,300,000
Impairment loss on internally developed software	$ 0		$ 500,000

Condensed Consolidated Balanc_5

Condensed Consolidated Balance Sheet Components - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Regulated Operations [Abstract]
Accrued professional services	$ 3,200	$ 1,380
Contingent liability	1,100	1,500
Accrued taxes and deferred tax liabilities	1,403	1,006
Common stock unvested liability	259	589
Other current liabilities	2,159	1,946
Total	$ 8,121	$ 6,421

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment losses			$ 0
Amortization expense	$ 1,000,000	$ 1,000,000	$ 3,000,000	$ 3,000,000

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Goodwill, Gross	$ 120,948	$ 120,948
Goodwill, Net	120,948	120,948
Gross Carrying Amount	21,667	21,667
Accumulated Amortization	(13,942)	(10,952)
Net Carrying Amount	7,725	10,715
Total goodwill and intangible assets, Gross	144,839	144,839
Total goodwill and intangible assets	130,897	133,887
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	2,224	2,224
Intangible Assets, Net (Including Goodwill) [Abstract]
Gross Carrying Amount	23,891	23,891
Accumulated Amortization	(13,942)	(10,952)
Net Carrying Amount	9,949	12,939
Trade name - website domain
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 2,224	$ 2,224
Developed technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	1 year 1 month 6 days	1 year 9 months 18 days
Gross Carrying Amount	$ 13,200
Accumulated Amortization	(10,124)	$ (8,035)
Net Carrying Amount	3,076	5,165
Intangible Assets, Net (Including Goodwill) [Abstract]
Accumulated Amortization	$ (10,124)	$ (8,035)
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	5 years 7 months 6 days	6 years 1 month 6 days
Gross Carrying Amount	$ 7,507	$ 7,507
Accumulated Amortization	(3,434)	(2,677)
Net Carrying Amount	4,073	4,830
Intangible Assets, Net (Including Goodwill) [Abstract]
Accumulated Amortization	$ (3,434)	$ (2,677)
Launched in-process research and development assets
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	3 years	3 years 8 months 12 days
Gross Carrying Amount	$ 960
Accumulated Amortization	(384)	$ (240)
Net Carrying Amount	576	720
Intangible Assets, Net (Including Goodwill) [Abstract]
Accumulated Amortization	$ (384)	$ (240)

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2023	$ 978
2024	3,462
2025	802
2026	754
2027	610
Thereafter	1,119
Net Carrying Amount	$ 7,725	$ 10,715

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	9 Months Ended
Leases - Additional Information (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Operating Leased Assets [Line Items]
Renewal term (in years)	3 years
Weighted-average remaining lease term	2 years 1 month 6 days		2 years 7 months 6 days
Weighted-average discount rate	6.20%		6%
Leases not yet commenced, undiscounted future payments	$ 7,300,000
Loss on impairment of long lived assets	$ 0	$ 300,000
Minimum
Operating Leased Assets [Line Items]
Remaining lease term (in years)	3 months
Maximum
Operating Leased Assets [Line Items]
Remaining lease term (in years)	2 years 3 months 18 days

Leases - Operating Lease Expens

Leases - Operating Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Operating lease expense	$ 855	$ 853	$ 2,655	$ 2,818
Variable lease expense	231	222	704	625
Total operating lease expenses	1,086	1,075	3,359	3,443
Sublease income	$ 226	$ 226	$ 678	$ 463

Leases - Maturity Schedule (Det

Leases - Maturity Schedule (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Lease Payment Obligation
Remainder of 2023	$ 1,658
2024	2,134
2025	1,619
2026	0
2027	0
Thereafter	0
Total undiscounted lease payments	5,411
Less: imputed interest	(1,109)
Present value of future lease payments	4,302
Less: operating lease liabilities, current	2,300	$ 3,896
Operating lease liabilities, noncurrent	2,002	$ 3,541
Sublease Income
Remainder of 2023	(316)
2024	(360)
2025	(210)
2026	0
2027	0
Thereafter	0
Total undiscounted lease payments	(886)
Net Lease Obligation
Remainder of 2023	1,342
2024	1,774
2025	1,409
2026	0
2027	0
Thereafter	0
Total undiscounted lease payments	$ 4,525

Commitments and Contingencies -

Commitments and Contingencies - Legal Proceeding (Details) $ in Millions	Sep. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Accrual for loss contingencies	$ 1.4
Escrow receivable	$ 1.6

Commitments and Contingencies_2

Commitments and Contingencies - 401K (Details) - USD ($)	3 Months Ended		9 Months Ended
Commitments and Contingencies - 401K (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Employer matching contribution, percent of match			2%
Employer matching contribution amount			$ 5,800
Contributions	$ 200,000	$ 200,000	$ 600,000	$ 800,000

Commitments and Contingencies_3

Commitments and Contingencies - Non-Cancelable Purchase Obligations (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2023	$ 1,145
2024	1,947
2025	1,993
2026	2,203
2027	1,253
Thereafter	0
Total	$ 8,541

Off Balance Sheet Items (Detail

Off Balance Sheet Items (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Off Balance Sheet Items (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Professional services expenses	$ 2,883	$ 3,799	$ 8,884	$ 11,169
Transaction-based expenses	148	86	250	397
Affiliated Entity
Related Party Transaction [Line Items]
Professional services expenses	$ 200	0	$ 900	600
Transaction-based expenses		$ 100		$ 200

Capitalization (Details)

Capitalization (Details) $ / shares in Units, $ in Thousands		9 Months Ended
	Mar. 21, 2022 USD ($) vote $ / shares shares	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($)	Dec. 31, 2022 $ / shares shares	Dec. 31, 2021 shares
Class of Stock [Line Items]
Shares authorized	2,100,000,000				257,968,554
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000			171,153,360
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001	$ 0.0001		$ 0.0001
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)		175,173,113		172,560,916
Common stock, shares outstanding (in shares)		175,173,113		172,560,916
Preferred stock, shares issued (in shares)		0
Preferred stock, shares outstanding (in shares)		0
Settlement of related party promissory notes (Note 3) \| $	$ 5,500	$ 0	$ 5,517
Unvested shares amount \| $			$ 1,300
Common Stock
Class of Stock [Line Items]
Number of votes per share \| vote	1
Class AA Common Stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share) \| $ / shares	$ 0.00001

Warrants (Details)

Warrants (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended			3 Months Ended		9 Months Ended
	Jul. 11, 2022	Nov. 30, 2020	Oct. 31, 2020	May 31, 2020	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Mar. 21, 2022
Class of Warrant or Right [Line Items]
Warrant liabilities					$ 3,321		$ 3,321		$ 606
Change in fair value of warrant liabilities					$ (907)	$ (25,210)	2,715	$ (19,808)
Issuance of common stock upon exercise of Public Warrants (in shares)	1,994,790
Proceeds from exercise of Public Warrants							0	22,940
Payments for redemption of Public Warrants							$ 0	165
Additional Paid-In Capital
Class of Warrant or Right [Line Items]
Warrant liabilities	$ 700
Medium-term Notes \| 2020 Loan and Security Agreement
Class of Warrant or Right [Line Items]
Term loan amount			$ 15,000
Series B-1 convertible preferred stock
Class of Warrant or Right [Line Items]
Share price (in dollars per share)			$ 3.9760	$ 3.9760
May 2020 Warrants
Class of Warrant or Right [Line Items]
Percentage of coverage to purchase warrants				5%
Warrant term				5 years
Series B-1 convertible preferred stock
Class of Warrant or Right [Line Items]
Change in fair value of warrant liabilities						$ 100		$ 100
October 2020 Warrants
Class of Warrant or Right [Line Items]
Warrant liabilities			$ 3,500
Warrant contractual term			10 years
Junior preferred stock warrants
Class of Warrant or Right [Line Items]
Warrant contractual term		5 years
Class of warrant outstanding (in shares)		3,122,931
Exercise price of warrants (in dollars per share)		$ 3.9760
Exercise price of warrants or rights extended value cap		$ 5,000
Fixed monetary amount		$ 5,000
Private placement warrants
Class of Warrant or Right [Line Items]
Warrant term										5 years
Class of warrant outstanding (in shares)					7,386,667		7,386,667		7,386,667	7,386,667
Exercise price of warrants (in dollars per share)										$ 11.50
Public Warrant
Class of Warrant or Right [Line Items]
Warrant term										5 years
Class of warrant outstanding (in shares)	16,471,814									4,666,664
Exercise price of warrants (in dollars per share)	$ 11.50
Redemption price per warrant (in dollars per share)	$ 0.01
Proceeds from exercise of Public Warrants	$ 22,900
Payments for redemption of Public Warrants	$ 200
Public Warrant \| Motive Fund Vehicles Investor
Class of Warrant or Right [Line Items]
Class of warrant outstanding (in shares)										13,799,940

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

9 Months Ended

Jun. 15, 2023

Apr. 24, 2023

Jun. 01, 2022

Mar. 21, 2022

Dec. 31, 2022

Jun. 30, 2022

Jul. 31, 2021

May 31, 2021

Sep. 30, 2023

Sep. 30, 2022

Mar. 31, 2022

Sep. 30, 2023

Sep. 30, 2022

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Total shares of common stock reserved

41,789,670

45,746,593

Weighted-average grant date fair value (in dollars per share)

$ 0

Grant date fair value of stock options vested in period

$ 4,000

$ 11,400

Intrinsic value of stock options exercised in period

900

4,900

Pre-close issuance of common stock for services

$ 621

Share-based compensation, unvested stock options

$ 5,200

Period for recognition

1 year 7 months 6 days

Fair value of option (in dollars per share)

$ 2.39

$ 1.97

Intrinsic value of options

$ 7,055

$ 7,795

Cash proceeds received

$ 600

300

$ 300

Measurement period, number of consecutive trading days

20 days

Trading day period

30 days

Lock-up period

6 months

Chief Executive Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Trading day period

20 days

Additional Paid-In Capital

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Pre-close issuance of common stock for services

$ 621

600

Stock price meets or exceeds $12.50

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock price trigger (in dollars per share)

$ 12.50

Vesting tranches acceleration period

6 months

Stock price meets or exceeds $15.00

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock price trigger (in dollars per share)

$ 15

Vesting tranches acceleration period

6 months

Employee Stock Option

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting period

4 years

Expiration period

10 years

Share-based compensation expense

$ 1,000

$ 2,200

$ 3,900

12,300

Accelerated vesting of stock options (in shares)

251,364

Employee Stock Option | Minimum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vested options, expiration period after terminated employment

3 months

Employee Stock Option | Maximum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vested options, expiration period after terminated employment

5 years

Performance and Market Condition-Based Option

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Expiration period

10 years

Share-based compensation expense

4,600

$ 500

4,600

Shares granted in period (in shares)

3,122,931

Shares granted in period, (in dollars per share)

$ 3.9760

Total proceeds threshold

$ 250,000

Trading day period

20 days

Lock up period

180 days

Fair value of option (in dollars per share)

$ 2.27

Performance and Market Condition-Based Option | Share-based Payment Arrangement, Tranche One

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted in period (in shares)

1,040,976

Aggregate exit proceeds fair market value (in dollars per share)

$ 9.94

Interest thresholds percentage

20%

Performance and Market Condition-Based Option | Share-based Payment Arrangement, Tranche Two

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted in period (in shares)

1,040,976

Aggregate exit proceeds fair market value (in dollars per share)

$ 14.91

Interest thresholds percentage

30%

Performance and Market Condition-Based Option | Share-based Payment Arrangement, Tranche Three

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares granted in period (in shares)

1,040,979

Aggregate exit proceeds fair market value (in dollars per share)

$ 19.88

Interest thresholds percentage

35%

Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Total shares of common stock reserved

13,093

Share-based compensation expense

$ 8,300

24,800

$ 21,500

33,000

Period for recognition

2 years

Future share-based compensation expense

49,000

$ 49,000

Granted (in shares)

11,910,028

Vested (in shares)

2,156,251

Restricted Stock Units (RSUs) | Chief Executive Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

100

$ 100

Shares granted in period (in shares)

2,339,030

Intrinsic value of options

$ 4,100

Incremental share-based compensation expense

300

$ 300

Restricted Stock Units (RSUs) | Share-based Payment Arrangement, Tranche One | Chief Executive Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Aggregate exit proceeds fair market value (in dollars per share)

$ 4

Restricted Stock Units (RSUs) | Share-based Payment Arrangement, Tranche Two | Chief Executive Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Aggregate exit proceeds fair market value (in dollars per share)

Restricted Stock Units (RSUs) | Share-based Payment Arrangement, Tranche Three | Chief Executive Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Aggregate exit proceeds fair market value (in dollars per share)

$ 12

Restricted Stock Units (RSUs) | Minimum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting period

1 year

Restricted Stock Units (RSUs) | Maximum

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting period

4 years

Directors Options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

$ 1,200

Shares granted in period (in shares)

499,669

Shares granted in period, (in dollars per share)

$ 5.43

Executive Retention RSUs

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

1,300

$ 17,600

$ 3,900

$ 23,300

Period for recognition

6 months

Future share-based compensation expense

$ 2,500

Granted (in shares)

1,859,137

Share price (in dollars per share)

$ 20.26

Cost of equity

Dividend yield

Volatility rate

35.70%

Risk-free rate

2.80%

Accelerated vesting of stock options (in shares)

210,987

Vested (in shares)

469,010

Executive Retention RSUs | Share-based Payment Arrangement, Tranche One

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Service period (in years)

4 months 24 days

Executive Retention RSUs | Share-based Payment Arrangement, Tranche Two

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Service period (in years)

4 months 24 days

Executive Retention RSUs | Share-based Payment Arrangement, Tranche Three

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Service period (in years)

1 year 9 months 18 days

Executive Performance RSUs | Executive Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares)

4,900,000

Executive Performance RSUs, Time-Based Vesting Conditions | Executive Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares)

3,100,000

Executive Performance RSUs, Performance Based Vesting Conditions | Executive Officer

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares)

1,800,000

2018 Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Total shares of common stock reserved

2022 Stock Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Total shares of common stock reserved

18,076,331

Automatic increase period

10 years

2022 Stock Plan | Common Stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Percentage of outstanding stock

2022 ESPP | Employee Stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Total shares of common stock reserved

5,797,609

Number of shares issued under plan (in shares)

4,072,000

Percentage of outstanding stock

Share-Based Compensation - Comm

Share-Based Compensation - Common Stock Reserved (Details) - shares		9 Months Ended
	Jun. 15, 2023	Sep. 30, 2023	Dec. 31, 2022	Mar. 21, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued and outstanding (in shares)		8,401,764	12,853,072
Total shares of common stock reserved		45,746,593	41,789,670
Cancelled/Forfeited/Expired		3,759,088
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs issued and outstanding (in shares)		18,777,909	10,578,313
Total shares of common stock reserved		13,093
Performance and Market Condition-Based Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cancelled/Forfeited/Expired	3,122,931
2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued and outstanding (in shares)		8,395,260	12,853,072
Total shares of common stock reserved		0
2022 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)		2,093,403	3,310,803
Total shares of common stock reserved		18,076,331
2022 Stock Plan \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs issued and outstanding (in shares)		18,791,002	10,884,476
2022 ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)		5,797,609	4,072,000
Common stock and preferred stock warrants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants to purchase stock (in shares)		3,282,652	3,282,652
Private placement warrants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding warrants (in shares)		7,386,667	7,386,667	7,386,667

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Stock Options
Beginning balance (in shares)	12,853,072
Exercised (in shares)	(692,220)
Cancelled/Forfeited/Expired (in shares)	(3,759,088)
Ending balance (in shares)	8,401,764	12,853,072
Vested and exercisable, end of period (in shares)	6,891,094
Weighted Average Exercise Price
Beginning balance (in dollars per share)	$ 2.39
Exercised (in dollars per share)	0.65
Cancelled/Forfeited/Expired (in dollars per share)	3.64
Ending balance (in dollars per share)	1.97	$ 2.39
Vested and exercisable, end of period (in dollars per share)	$ 1.81
Weighted-Averages Life (Years) and Aggregate Intrinsic Value
Weighted- Average Life (Years)	6 years	7 years
Weighted-average life, vested and exercisable	5 years 7 months 6 days
Intrinsic value, Beginning	$ 7,055
Intrinsic value, Ending	7,795	$ 7,055
Aggregate intrinsic value, vested and exercisable	$ 6,948

Share-Based Compensation - RSUs

Share-Based Compensation - RSUs (Details) - $ / shares		9 Months Ended
Share-Based Compensation - RSUs (Details) - $ / shares	Jun. 15, 2023	Sep. 30, 2023	Dec. 31, 2022
Weighted Average Grant Date Fair Value Per Share
Total shares of common stock reserved		45,746,593	41,789,670
Cancelled/Forfeited/Expired		3,759,088
Restricted Stock Units (RSUs)
Total RSUs
Beginning balance, unvested		10,578,313
Granted (in shares)		11,910,028
Vested (in shares)		(2,156,251)
Forfeited (in shares)		(1,554,181)
Ending balance, unvested		18,777,909
Weighted Average Grant Date Fair Value Per Share
Beginning balance		$ 10.04
Granted (in dollars per share)		1.6
Vested (in dollars per share)		14.7
Forfeited (in dollars per share)		9.27
Ending balance		$ 4.22
Total shares of common stock reserved		13,093
Service-based
Total RSUs
Beginning balance, unvested		9,171,289
Granted (in shares)		7,765,448
Vested (in shares)		(1,687,241)
Forfeited (in shares)		(1,554,181)
Ending balance, unvested		13,695,315
Performance-based
Total RSUs
Beginning balance, unvested		0
Granted (in shares)		1,805,550
Vested (in shares)		0
Forfeited (in shares)		0
Ending balance, unvested		1,805,550
Market-based
Total RSUs
Beginning balance, unvested		1,407,024
Granted (in shares)		2,339,030
Vested (in shares)		(469,010)
Forfeited (in shares)		0
Ending balance, unvested		3,277,044
Performance and Market Condition-Based Option
Weighted Average Grant Date Fair Value Per Share
Cancelled/Forfeited/Expired	3,122,931

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
Income Taxes (Details)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Effective tax rate from continuing operations	(1.60%)	(0.30%)	(1.20%)	(0.20%)

Net Loss Per Share - Additional

Net Loss Per Share - Additional Information (Details)	9 Months Ended
Net Loss Per Share - Additional Information (Details)	Sep. 30, 2023 class
Earnings Per Share [Abstract]
Number of common stock classes	1

Net Loss Per Share - Earnings P

Net Loss Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator:
Net loss attributable to Forge Global Holdings, Inc., basic	$ (18,348)	$ (16,198)	$ (64,425)	$ (85,741)
Decrease in fair value of public warrants	0	(3,937)	0	(3,897)
Net loss attributable to common stockholders, diluted	$ (18,348)	$ (20,135)	$ (64,425)	$ (89,638)
Denominator:
Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic (in shares)	173,957,880	169,838,778	173,045,721	134,683,950
Weighted-average number of shares used to compute net loss per share attributable to common stockholders, diluted (in shares)	173,957,880	170,209,256	173,045,721	135,960,612
Net loss per share attributable to Forge Global Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ (0.11)	$ (0.10)	$ (0.37)	$ (0.64)
Diluted (in dollars per share)	$ (0.11)	$ (0.12)	$ (0.37)	$ (0.66)

Net Loss Per Share - Antidiluti

Net Loss Per Share - Antidilutive Securities Excluded from Computation (Details) - shares	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	38,354,096	35,471,190
Outstanding options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	8,401,764	12,853,072
Warrant \| Common stock and preferred stock warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	3,282,652	3,282,652
Warrant \| Private placement warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	7,386,667	7,386,667
Common stock subject to repurchase
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	505,104	1,064,323
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	18,777,909	10,884,476

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands			3 Months Ended			9 Months Ended
	Mar. 21, 2022	Sep. 13, 2021	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Oct. 31, 2022
Related Party Transaction [Line Items]
Adjustments to stock issuance costs	$ 58,700				$ 58,673
Acquisition-related transaction costs			$ 0	$ 821		$ 0	$ 5,219
Proceeds from PIPE investment and A&R FPA investors						0	208,500
Total revenues			18,563	15,900		50,762	52,562
Placement fees
Related Party Transaction [Line Items]
Total revenues			7,283	8,227		17,638	33,763
Affiliated Entity \| Temasek Holding \| Forge Global Holdings, Inc.
Related Party Transaction [Line Items]
Ownership percentage								5%
Affiliated Entity \| Financial Technology Partners
Related Party Transaction [Line Items]
Related party transaction							18,300
Adjustments to stock issuance costs							17,400
Acquisition-related transaction costs							900
Affiliated Entity \| Temasek Holding
Related Party Transaction [Line Items]
Shares issued (in shares)		1,000,000
Proceeds from PIPE investment and A&R FPA investors		$ 10,000
Director \| James Herbert II
Related Party Transaction [Line Items]
Shares issued (in shares)		75,000
Proceeds from PIPE investment and A&R FPA investors		$ 800
Related Party \| Placement fees
Related Party Transaction [Line Items]
Total revenues			0	$ 600		0	$ 600
Immediate Family Member of Management or Principal Owner \| Placement fees
Related Party Transaction [Line Items]
Related party transaction			10,000			11,300
Total revenues			$ 200			$ 300

Uncategorized Items - forge-202

Label	Element	Value
Common Stock [Member] \| Revision of Prior Period, Adjustment [Member]
Unissued Common Stock	forge_UnissuedCommonStock	210,302	[1]

[1]This amount represents shares that were not issued upon the closing of the Business Combination as a result of a stockholder’s demand for appraisal rights. These shares were issued to the stockholder during the year ended December 31, 2022 after the statutory period to perfect such rights lapsed. See Note 1, "Organization and Description of Business," for additional information.