insiderdelta
CoverageForm 410-K10-Q8-K13D13G13F

FORG · Forgerock, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
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AnnualQuarterly

Income Statement

Line itemFY 2022FY 2021
Revenue$217.51M$127.63M
Cost of Revenue$39.54M$21.33M
Gross Profit$177.97M$106.31M
R&D$61.84M$35.90M
SG&A$57.72M$26.73M
Total Operating Expenses$244.53M$138.40M
D&A$1.06M$1.16M
Operating Income($66.56M)($32.09M)
Interest Expense$3.58M$4.51M
Income Tax$1.68M$565.0K
Net Income($66.27M)($41.79M)
EPS - Basic($0.78)($1.74)
EPS - Diluted($0.78)($1.74)

Balance Sheet

Line itemFY 2022FY 2021
Cash & Equivalents$128.80M$28.70M
Accounts Receivable$71.44M$56.00M
Inventory--
Accounts Payable$4.59M$2.04M
Current Assets$457.35M$463.70M
Total Assets$494.18M$497.18M
Current Liabilities$125.76M$100.71M
Long-term Debt$39.61M$39.48M
Total Liabilities$178.01M$161.05M
Stockholders' Equity$316.17M$336.13M
Retained Earnings($330.10M)($263.82M)

Cash Flow

Line itemFY 2022FY 2021
Operating Cash Flow($45.01M)($29.59M)
Investing Cash Flow$30.01M($846.0K)
Financing Cash Flow$15.90M$101.15M
CapEx$1.62M$854.0K
Free Cash Flow($46.63M)($30.45M)

Ratios

MetricFY 2022FY 2021
Profitability
Gross margin81.8%83.3%
Operating margin-30.6%-25.1%
EBITDA margin-30.1%-24.2%
Net margin-30.5%-32.7%
Free cash flow margin-21.4%-23.9%
FCF / Net income0.700.73
R&D / Revenue28.4%28.1%
SG&A / Revenue26.5%20.9%
Effective tax rate--
Return on assets-13.4%-8.4%
Return on equity-21.0%-12.4%
Return on invested capital-14.8%-6.7%
Liquidity
Current ratio3.644.60
Quick ratio3.644.60
Cash ratio1.020.28
Leverage
Debt / Equity0.130.12
Debt / Assets0.080.08
Debt / EBITDA--
Interest coverage-18.6x-7.1x
Equity multiplier1.561.48
Liabilities / Assets0.360.32
Efficiency
Asset turnover0.440.26
Inventory turnover--
Days sales outstanding120d160d
Days inventory outstanding--
Days payable outstanding42d35d
Cash conversion cycle--
Valuation
P / E--
P / B--
P / S--
EV / EBITDA--
Growth
Revenue growth (YoY)70.4%-
Revenue CAGR (3y)--
Revenue CAGR (5y)--
Gross profit growth (YoY)67.4%-
Operating income growth (YoY)-107.4%-
Net income growth (YoY)-58.6%-
EPS growth (YoY)55.2%-
EPS CAGR (3y)--
EPS CAGR (5y)--
FCF growth (YoY)-53.1%-
FCF CAGR (5y)--
Book value growth (YoY)-5.9%-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2021-12-31.

Product / service

$690.46M total
License And Service$171.74M · 24.9%
License$171.74M · 24.9%
Subscription Saas Support And Maintenance$85.43M · 12.4%
License And Maintenance$85.43M · 12.4%
Subscription Term Licenses$84.61M · 12.3%
Multi Year Term License$47.34M · 6.9%
One Year Term License$37.27M · 5.4%
Professional Services$5.19M · 0.8%
Perpetual Licenses$1.70M · 0.2%

Geographic

$279.33M total
Americas$94.22M · 33.7%
US$85.30M · 30.5%
EMEA$60.47M · 21.6%
Asia Pacific$22.24M · 8.0%
GB$17.10M · 6.1%

Stability scores

Altman Z′

FY 2022 · bankruptcy risk

0.68
Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2022 · 9-point quality

2/9
Weak
  • ✗Net income positive
  • ✗Operating cash flow positive
  • ✗ROA improved YoY
  • ✓Cash flow > net income
  • ✗Long-term debt decreased
  • ✗Current ratio improved
  • ✗No share dilution
  • ✗Gross margin improved
  • ✓Asset turnover improved

Peer comparison

Same SIC group: Services-Prepackaged Software

CompanyRevenue (last FY)Net marginROE
TEAM$5.22B-4.9%-19.1%
CRM$37.90B16.4%10.5%
NOW$13.28B13.2%13.5%
FRSH$838.81M21.9%17.8%
DDOG$3.43B3.1%2.9%

Comparing ForgeRock against the 5 most active filers in the same SIC group.