Forge Global (FRGE) 10-Q 10 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 09, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
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	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		172,542,484
Entity Central Index Key	0001827821
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 202,603	$ 74,781
Restricted cash	1,823	1,623
Accounts receivable, net	3,045	5,380
Payment-dependent notes receivable, current	2	1,153
Prepaid expenses and other current assets	9,525	5,148
Total current assets	216,998	88,085
Property and equipment, net	272	497
Internal-use software, net	6,723	2,691
Goodwill and other intangible assets, net	134,891	137,774
Operating lease right-of-use assets	3,794	7,881
Payment-dependent notes receivable, noncurrent	6,508	13,453
Other assets, noncurrent	1,676	7,514
Total assets	370,862	257,895
Current liabilities:
Accounts payable	2,020	1,920
Accrued compensation and benefits	10,213	21,240
Accrued expenses and other current liabilities	7,710	8,343
Operating lease liabilities, current	3,819	5,367
Payment-dependent notes payable, current	2	1,153
Total current liabilities	23,764	38,023
Operating lease liabilities, noncurrent	1,785	5,159
Payment-dependent notes payable, non-current	6,508	13,453
Warrant liabilities	632	7,844
Other liabilities, noncurrent	364	0
Total liabilities	33,053	64,479
Commitments and contingencies (Note 8)
Convertible preferred stock, net of issuance costs, $0.00001 par value; nil and 86,815,192 shares authorized as of September 30, 2022 and December 31, 2021, respectively; nil and 73,914,149 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively; aggregate liquidation preference of $0 and $271,845 as of September 30, 2022 and December 31, 2021, respectively	0	246,056
Stockholders’ equity (deficit):
Common stock, $0.0001 par value; 172,442,676 and 63,090,701 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively	18	0
Additional paid-in capital	496,592	25,919
Accumulated other comprehensive loss	(95)	0
Accumulated deficit	(164,300)	(78,559)
Total Forge Global Holdings, Inc. stockholders’ equity (deficit)	332,215	(52,640)
Noncontrolling Interest	5,594	0
Total stockholders’ equity (deficit)	337,809	(52,640)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit)	$ 370,862	$ 257,895

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Temporary equity, par value (in dollars per share)	$ 0.00001	$ 0.00001
Temporary equity, shares authorized (in shares)	0	86,815,192
Temporary equity, Shares issued (in shares)	0	73,914,149
Temporary equity, shares outstanding (in shares)	0	73,914,149
Temporary equity, liquidation preference	$ 0	$ 271,845,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares issued (in shares)	172,442,676	63,090,701
Common stock, shares outstanding (in shares)	172,442,676	63,090,701
Common stock, $0.0001 par value; 172,442,676 and 63,090,701 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively	$ 18,000	$ 0
Total Forge Global Holdings, Inc. stockholders’ equity (deficit)	$ 332,215,000	$ (52,640,000)

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Total revenues	$ 15,900	$ 27,658	$ 52,562	$ 98,386
Transaction-based expenses:
Transaction-based expenses	(86)	(582)	(397)	(3,174)
Total revenues, less transaction-based expenses	15,814	27,076	52,165	95,212
Operating expenses:
Compensation and benefits	44,040	22,880	115,064	70,737
Professional services	3,799	2,987	11,169	9,791
Acquisition-related transaction costs	821	71	5,219	163
Advertising and market development	928	1,134	3,873	2,979
Rent and occupancy	1,097	914	3,803	2,711
Technology and communications	3,536	2,259	8,368	5,839
General and administrative	2,601	1,139	7,373	3,127
Depreciation and amortization	1,428	1,385	4,531	4,137
Total operating expenses	58,250	32,769	159,400	99,484
Operating loss	(42,436)	(5,693)	(107,235)	(4,272)
Interest and other income (expenses):
Interest income (expenses), net	874	11	1,161	(2,323)
Change in fair value of warrant liabilities	25,210	737	19,808	(5,575)
Other income, net	202	74	731	230
Total interest income (expenses) and other income (expenses)	26,286	822	21,700	(7,668)
Loss before provision for income taxes	(16,150)	(4,871)	(85,535)	(11,940)
Provision for income taxes	48	203	206	199
Net loss	(16,198)	(5,074)	(85,741)	(12,139)
Net loss attributable to Forge Global Holdings, Inc.	$ (16,198)	$ (5,074)	$ (85,741)	$ (12,139)
Earnings Per Share [Abstract]
Basic (in dollars per share)	$ (0.10)	$ (0.10)	$ (0.64)	$ (0.22)
Diluted (in dollars per share)	$ (0.12)	$ (0.10)	$ (0.66)	$ (0.22)
Weighted-average shares used in computing net loss per share attributable to Forge Global Holdings, Inc. common stockholders:
Basic (in shares)	169,838,778	51,450,791	134,683,950	55,147,414
Diluted (in shares)	170,209,256	51,450,791	135,960,612	55,147,414
Placement fees
Revenues:
Total revenues	$ 8,227	$ 22,940	$ 33,763	$ 83,394
Custodial administration fees
Revenues:
Total revenues	$ 7,673	$ 4,718	$ 18,799	$ 14,992

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (16,198)	$ (5,074)	$ (85,741)	$ (12,139)
Foreign currency translation adjustment	(159)	0	(159)	0
Comprehensive loss	(16,357)	(5,074)	(85,900)	(12,139)
Less: Comprehensive loss attributable to noncontrolling interest	(64)	0	(64)	0
Net loss attributable to Forge Global Holdings, Inc.	$ (16,293)	$ (5,074)	$ (85,836)	$ (12,139)

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($) $ in Thousands		Total	Series B-1	Series B-2	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 Deficit Revision of Prior Period, Adjustment	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2020		15,717,345			33,366,839	49,084,184
Beginning balance at Dec. 31, 2020		$ 156,848				$ 156,848
Increase (Decrease) in Temporary Equity [Roll Forward]
Issuance of Series B-1 and B-2 convertible preferred stock upon conversion of convertible notes and accrued interest (in shares)			27,947
Issuance of Series B-1 and B-2 Convertible preferred stock upon conversion of convertible notes and accrued interest			$ 111
Ending balance (in shares) at Mar. 31, 2021		49,112,131
Ending balance at Mar. 31, 2021		$ 156,959
Beginning balance (in shares) at Dec. 31, 2020							22,773,377		48,346,309		71,119,686
Beginning balance at Dec. 31, 2020		(7,499)				$ (7,499)		[1]		[1]		$ 52,561		$ 52,561	$ (60,060)		$ (60,060)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class AA common stock upon exercise of vested stock options, including stock options exercised via promissory notes (in shares)							473,658
Issuance of Class AA common stock upon exercise of vested stock options, including stock options exercised via promissory notes		168						[1]				168
Issuance of Class AA common stock upon early exercise of unvested stock options (in shares)							1,672,270
Vesting of early exercised stock options and restricted stock awards		11										11
Share-based compensation expense		1,259										1,259
Net income (loss)		938													938
Ending balance (in shares) at Mar. 31, 2021							73,265,614
Ending balance at Mar. 31, 2021		$ (5,123)						[1]				53,999			(59,122)			$ 0	$ 0
Beginning balance (in shares) at Dec. 31, 2020		15,717,345			33,366,839	49,084,184
Beginning balance at Dec. 31, 2020		$ 156,848				$ 156,848
Ending balance (in shares) at Sep. 30, 2021		73,914,148
Ending balance at Sep. 30, 2021		$ 246,056
Beginning balance (in shares) at Dec. 31, 2020							22,773,377		48,346,309		71,119,686
Beginning balance at Dec. 31, 2020		(7,499)				$ (7,499)		[1]		[1]		52,561		52,561	(60,060)		(60,060)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(12,139)
Foreign currency translation adjustment		0
Ending balance (in shares) at Sep. 30, 2021							63,001,701
Ending balance at Sep. 30, 2021		$ (48,705)						[1]				23,494			(72,199)			0	0
Beginning balance (in shares) at Dec. 31, 2020		15,717,345			33,366,839	49,084,184
Beginning balance at Dec. 31, 2020		$ 156,848				$ 156,848
Ending balance (in shares) at Dec. 31, 2021		73,914,149	42,133,496	412,623	23,668,198	50,245,951
Ending balance at Dec. 31, 2021		$ 246,056	$ 150,553	$ 1,640	$ 246,056
Beginning balance (in shares) at Dec. 31, 2020							22,773,377		48,346,309		71,119,686
Beginning balance at Dec. 31, 2020		(7,499)				$ (7,499)		[1]		[1]		52,561		52,561	(60,060)		$ (60,060)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unissued common stock (in shares)	[2]										(210,302)
Pre-close issuance of common stock upon exercise of vested options	[1]
Pre-close issuance of common stock upon exercise of unvested options	[1]
Pre-close issuance of common stock for services	[1]
Ending balance (in shares) at Dec. 31, 2021							63,090,701		20,269,864		43,031,139
Ending balance at Dec. 31, 2021		$ (52,640)			$ (52,640)		$ 5			[1]	$ 5	25,914	$ 25,919	(5)	(78,559)	$ (78,559)
Beginning balance (in shares) at Mar. 31, 2021		49,112,131
Beginning balance at Mar. 31, 2021		$ 156,959
Increase (Decrease) in Temporary Equity [Roll Forward]
Issuance of Series B-1 and B-2 convertible preferred stock upon conversion of convertible notes and accrued interest (in shares)			12,719,398	412,623
Issuance of Series B-1 and B-2 Convertible preferred stock upon conversion of convertible notes and accrued interest			$ 47,735	$ 1,640
Exchange of Class AA common stock for Series B-1 convertible preferred stock (in shares)		11,669,996
Exchange of Class AA common stock for Series B-1 convertible preferred stock		$ 39,722
Ending balance (in shares) at Jun. 30, 2021		73,914,148
Ending balance at Jun. 30, 2021		$ 246,056
Beginning balance (in shares) at Mar. 31, 2021							73,265,614
Beginning balance at Mar. 31, 2021		(5,123)						[1]				53,999			(59,122)			0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exchange and settlement of common stock		(39,722)						[1]				(39,722)
Issuance of Class AA common stock upon exercise of vested stock options, including stock options exercised via promissory notes (in shares)							376,328
Issuance of Class AA common stock upon exercise of vested stock options, including stock options exercised via promissory notes		322						[1]				322
Issuance of Class AA common stock upon early exercise of unvested stock options (in shares)							701,878
Repurchase of early exercised stock options (in shares)							(12,291)
Exchange of Class AA common stock for Series B-1 convertible preferred stock (in shares)							(11,669,996)
Vesting of early exercised stock options and restricted stock awards		45										45
Share-based compensation expense		5,892										5,892
Net income (loss)		(8,003)													(8,003)
Ending balance (in shares) at Jun. 30, 2021							62,661,533
Ending balance at Jun. 30, 2021		$ (46,589)						[1]				20,536			(67,125)			0	0
Ending balance (in shares) at Sep. 30, 2021		73,914,148
Ending balance at Sep. 30, 2021		$ 246,056
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class AA common stock upon exercise of vested stock options, including stock options exercised via promissory notes (in shares)							191,313
Issuance of Class AA common stock upon exercise of vested stock options, including stock options exercised via promissory notes		87						[1]				87
Issuance of Class AA common stock upon early exercise of unvested stock options (in shares)							166,424
Repurchase of early exercised stock options (in shares)							(17,569)
Vesting of early exercised stock options and restricted stock awards		46										46
Share-based compensation expense		2,825										2,825
Net income (loss)		(5,074)													(5,074)
Foreign currency translation adjustment		0
Ending balance (in shares) at Sep. 30, 2021							63,001,701
Ending balance at Sep. 30, 2021		$ (48,705)						[1]				23,494			(72,199)			0	0
Beginning balance (in shares) at Dec. 31, 2021		73,914,149	42,133,496	412,623	23,668,198	50,245,951
Beginning balance at Dec. 31, 2021		$ 246,056	$ 150,553	$ 1,640	$ 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			[1]	$ 5	25,914	25,919	(5)	(78,559)	(78,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Pre-close exercise of vested options (in shares)							190,505
Pre-close issuance of common stock upon exercise of vested options		102										102
Pre-close exercise of unvested options (in shares)							4,472
Pre-close issuance common stock for services (in shares)							62,952
Pre-close issuance of common stock for services		621										600
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
Exchange and settlement of common stock		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 income (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	42,133,496	412,623	23,668,198	50,245,951
Beginning balance at Dec. 31, 2021		$ 246,056	$ 150,553	$ 1,640	$ 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			[1]	$ 5	25,914	$ 25,919	$ (5)	(78,559)	$ (78,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class AA common stock upon exercise of vested stock options, including stock options exercised via promissory notes (in shares)		1,042,214
Issuance of common stock upon exercise of public warrants (in shares)		1,994,790
Net income (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]
Pre-close exercise of vested options (in shares)							146,232
Pre-close issuance of common stock upon exercise of vested options		401						[1]				401
Stock Issued During Period, Shares, Acquisitions	[2]						210,302
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						[1]				23,629
Vesting of early exercised stock options and restricted stock awards		638										638
Share-based compensation expense		10,903										10,903
Net income (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]
Pre-close exercise of vested options (in shares)							622,929
Pre-close issuance of common stock upon exercise of vested options		365						[1]				364
Pre-close 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						[1]				653
Issuance of common stock upon Merger	[1]
Formation of Forge Europe		9,488										3,830							5,658
Issuance of Class AA common stock upon exercise of vested stock options, including stock options exercised via promissory notes		$ 193										193
Issuance of common stock upon exercise of public warrants (in shares)		768					768
Issuance of common stock upon exercise of Public Warrants		$ 9						[1]				9
Issuance of common stock upon release of restricted stock units (in shares)		43,142
Issuance of common stock upon release of restricted stock units	[1]
Share-based compensation expense		$ 26,967										26,967
Net income (loss)		(16,198)													(16,198)					[1]
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
[1]amount less than 1[2]This amount represents shares that were not issued upon the closing of the Merger (see Note 3) as a result of a shareholder’s demand for appraisal rights. These shares were issued to the shareholder during the three months ended September 30, 2022 after the statutory period to perfect such rights lapsed.

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders' Equity (Deficit) (Parentheticals) $ in Thousands	3 Months Ended
	Jun. 30, 2021 USD ($) $ / shares
Series B-1
Share price (in dollars per share)	$ 3.9760
Original Issuance Price (in dollars per share)	$ 3.9760
Adjustments to stock issuance costs | $	$ 2,838
Series B-2
Share price (in dollars per share)	$ 3.9760
Original Issuance Price (in dollars per share)	$ 3.9760

Unaudited Condensed Consolida_7

Unaudited Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Cash flows from operating activities:
Net loss attributable to Forge Global Holdings, Inc.	$ (16,198)	$ (64,424)	$ (5,074)	$ 938	$ (85,741)	$ (12,139)
Adjustments to reconcile net loss including noncontrolling interest to net cash (used in) provided by operations:
Share-based compensation					45,974	9,975
Depreciation and amortization					4,531	4,137
Transaction expenses related to the Merger					3,132	0
Amortization of right-of-use assets					2,819	1,992
Loss on impairment of long lived assets					446	0
Bad debt reserve					294	0
Change in fair value of warrant liabilities	(25,210)		(737)		(19,808)	5,575
Gain (Loss) on Extinguishment of Debt					5,517	0
Other					0	285
Changes in operating assets and liabilities:
Accounts receivable					2,042	1,560
Prepaid expenses and other assets					(4,265)	469
Accounts payable					(43)	333
Accrued expenses and other liabilities					402	(2,092)
Accrued compensation and benefits					(11,118)	5,388
Operating lease liabilities					(3,942)	(2,626)
Net cash (used in) provided by operating activities					(59,760)	12,857
Cash flows from investing activities:
Purchases of property and equipment					(116)	0
Purchases of intangible assets					(126)	(2,202)	$ (2,200)
Capitalized internal-use software development costs					(4,590)	(653)
Net cash used in investing activities					(4,832)	(2,855)
Cash flows from financing activities:
Proceeds from the Merger					7,865	0
Proceeds from PIPE investment and A&R FPA investors					208,500	0
Payments for offering costs					(56,852)	(1,750)
Proceeds from exercise of Public Warrants					22,940	0
Formation of Forge Europe (Note 1)					9,488	0
Proceeds from exercise of options, including proceeds from repayment of promissory notes					997	1,460
Payments for redemption of Public Warrants					(165)	0
Repayment of notes payable					0	(19,437)
Payments to repurchase early exercised stock options					0	(10)
Net cash provided by financing activities					192,773	29,638
Effect of changes in currency exchange rates on cash and cash equivalents					(159)	0
Net increase in cash and cash equivalents					128,022	39,640
Cash, cash equivalents and restricted cash, beginning of the period		$ 76,404		$ 42,178	76,404	42,178	42,178
Cash, cash equivalents and restricted cash, end of the period	204,426		81,818		204,426	81,818	76,404
Reconciliation of cash, cash equivalents and restricted cash to the amounts reported within the unaudited condensed consolidated balance sheets
Cash and cash equivalents	202,603		80,450		202,603	80,450	74,781
Restricted cash	1,823		1,368		1,823	1,368	1,623
Total cash, cash equivalents and restricted cash, end of the period	$ 204,426		$ 81,818		204,426	81,818	$ 76,404
Supplemental disclosures of cash flow information:
Cash paid for interest					0	2,118
Supplemental disclosure of non-cash investing and financing activities:
Capitalized internal-use software development costs accrued and not yet paid					234	97
Reclassification of deferred offering costs to equity					5,932	0
Conversion of preferred stock					246,049	0
Conversion of May 2020 and October 2020 preferred stock warrants of Legacy Forge to common stock warrants					2,949	0
Non-cash assets acquired in the Merger					193	0
Warrants issued in connection with A&R FPA					3,080	0
Conversion of May 2020 and October 2020 preferred stock warrants of Legacy Forge to common stock warrants					13,983	0
Recapitalization of Legacy Forge common stock					5	0
Exchange of Class AA common stock for Series B-1 convertible preferred stock					0	39,722
Vesting of early exercised stock options and restricted stock awards					1,240	102
Warrant liability reclassified to additional paid-in capital upon exercise of Public Warrants					698	0
Warrant liability reclassified to additional paid-in capital upon exercise of Junior Preferred Stock Warrants					653	0
Settlement of promissory notes					4,207	0
Early exercise of stock options upon settlement of related party promissory notes					1,310	0
Series B-1
Cash flows from financing activities:
Proceeds from issuance of convertible preferred stock, net of issuance costs					0	47,735
Series B-2
Cash flows from financing activities:
Proceeds from issuance of convertible preferred stock, net of issuance costs					$ 0	$ 1,640

Organization and Description of

Organization and Description of Business	9 Months Ended
	Sep. 30, 2022
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 has built a trusted marketplace to serve the unique needs of the private market by making purchases and sales of equity in private companies simple, transparent, and highly efficient to scale. The Company has strategically invested in technology to provide individual and institutional participants an efficient and liquid market, access to a large number of private company investment opportunities and the information and transparency they need to make well informed investment decisions. By digitizing a historically analog, complex and opaque process, the Company’s platform delivers opportunities to trade in private company stocks. Today, the Company is a leading provider of mission-critical infrastructure technology and services for the private market. 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 companmay 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). Prior to the Business Combination, MOTV’s units, public shares, and Public Warrants were listed on the New York Stock Exchange under the symbols “MOTV-UN”, “MOTV”, and “MOTV-WT”, respectively. On the Closing Date, the Company's common stock and Public Warrants began trading on The New York Stock Exchange (“NYSE”), under the symbols “FRGE” and “FRGE WS”, respectively. See Note 3, "Recapitalization" for additional details. Forge Europe GmbH In September 2022, the Company and Deutsche Börse Aktiengesellschaft (“DBAG,” a German company and together with the Company, the “Investors”) formed a subsidiary, 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 (or €14.3 million as of the date of the contribution) (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), was reported as a noncontrolling interest in the unaudited condensed consolidated financial statements. Upon initial consolidation, Forge Europe did not have any assets other than the $14.1 million transferred as Cash Consideration and the intangible assets contributed as Noncash Consideration with zero carrying value. Accordingly, the Cash Consideration contributed by DBAG as the noncontrolling interest holder of DBAG was in excess of its share of Forge Europe’s net assets, and the excess was recognized in additional paid-in capital upon consolidation of Forge Europe in the unaudited condensed consolidated statements of changes in convertible preferred stock and stockholders' equity.

Summary of Accounting Policies

Summary of Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies This summary of significant accounting policies should be read together with our audited consolidated financial statements and related notes to those statements included in our Current Report on Form 8-K which was filed with the SEC on March 25, 2022. 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 as discussed in Note 9, "Off Balance Sheet Items." In certain instances, the Company provides investment advisory services to pooled investment vehicles (each, a “Fund”). The Company does not have discretion to make any investment, except for the specific investment for which a 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, 2021, that have had a material impact on these unaudited condensed consolidated financial statements and related notes. Unaudited Interim Condensed Consolidated Financial Information The accompanying interim condensed consolidated financial statements as of September 30, 2022 and for the three and nine months ended September 30, 2022 and 2021 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, 2021 (the “audited consolidated financial statements”) that was included in the Company’s Current Report on Form 8-K filed on March 25, 2022, 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, 2022 and its condensed consolidated results of operations for the three and nine months ended September 30, 2022 and 2021 and cash flows for the nine months ended September 30, 2022 and 2021. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results expected for the year ending December 31, 2022 or any other future interim or annual periods. As a result of the Merger, prior period share and per share amounts presented in the accompanying unaudited condensed consolidated financial statements and these related notes have been retroactively converted. Segment Information The Company operates as a single operating segment and reportable segment. The Company’s chief operating decision maker is its Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance, allocating resources and evaluating the Company’s financial performance. 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. For the three and nine months ended September 30, 2021, revenue outside of the United States was $4.7 million and $16.1 million, respectively. As of September 30, 2022 and December 31, 2021, long-lived assets located outside of the United States were not material. 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. Such management estimates include, but are not limited to, collectability of accounts receivable, the fair value of financial assets and liabilities, the fair value of assets acquired and liabilities assumed in business combinations, the fair value of consideration paid for business combinations, the useful lives of acquired intangible assets and property and equipment, the impairment of long-lived assets and goodwill, the fair value of warrants, equity awards and share-based compensation expenses, including the determination of the fair value of the Company’s common stock prior to the Merger and the derived service period for the awards containing market-based vesting conditions, and the valuation of deferred tax assets and uncertain tax positions. 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 Funds, in order to conclude whether any of the 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, 2022. 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. Fair Value Measurements Fair value is defined as the exchange price that would be received from the sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. When developing fair value measurements, the Company maximizes the use of observable inputs and minimizes the use of unobservable inputs. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurements. Three levels of inputs may be used to measure fair value: Level 1 — Quoted prices in active markets for identical assets or liabilities. Level 2 — Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. 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. Accounts Receivable, Net Accounts receivable consist of amounts billed and currently due from customers, which are subject to collection risk. The allowance for doubtful accounts is based on the Company’s assessment of the collectability of accounts. The Company regularly reviews the adequacy of the allowance for doubtful accounts based on a combination of factors, including an assessment of the customer’s aging balance, the financial condition of the customer, and the amount of any receivables in dispute. Accounts receivable deemed uncollectible are charged against the allowance for doubtful accounts when identified. The total allowance for doubtful accounts netted against account receivables in the condensed consolidated balance sheets was $1.8 million and $1.5 million as of September 30, 2022 and December 31, 2021, respectively. Concentration of Credit Risks Financial instruments that potentially subject the Company to concentrations of credit risk primarily comprise cash and cash equivalents and restricted cash, payment-dependent notes receivable, and accounts receivable. Cash and cash equivalents and restricted cash may, at times, exceed amounts insured by the Federal Deposit Insurance Corporation and the Securities Investor Protection Corporation, respectively. The Company performs periodic evaluations of the relative credit standing of these financial institutions to limit the amount of credit exposure. The Company has not experienced any losses on its deposits of cash and cash equivalents to date. 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. Concentrations of credit risk can be affected by changes in political, industry, or economic factors. To reduce the potential for risk concentration, the Company’s exposure is monitored in light of changing counterparty and market conditions. As of September 30, 2022 and December 31, 2021, the Company did not have any material concentrations of credit risk outside the ordinary course of business. As of September 30, 2022 and December 31, 2021, 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, 2022 and 2021. Revenue Recognition The Company recognizes revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company generates revenue from fees charged for the trading of private placements through its marketplace platform, and fees for account and asset management provided to customers. The Company disaggregates revenue by service type, as management believes that this level of disaggregation best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are impacted by economic factors. Revenue from Contracts with Customers The Company enters into contracts with customers that can include various services, which are capable of being distinct and accounted for as separate performance obligations. When applicable, an allocation of the transaction fees to the performance obligations or to the distinct goods or services that form part of a single performance obligation will depend on the individual facts and circumstances of the contract. All of the Company’s revenues are from contracts with customers. The Company is the principal in its contracts, with the exception of sub-account fees, in which the Company acts as an agent and records revenue from fees earned related to cash balances in customers’ custodial accounts. Each of our significant performance obligations and our application of ASC 606 to our revenue arrangements are discussed in further detail below: Placement Fees — The Company maintains a platform which generates revenues by collecting transaction fees from institutions, individual investors and private equity holders. Placement fees are charged by the Company for meeting the point-in-time performance obligation of executing a private placement on its platform. Placement fee rates are individually negotiated for each transaction and vary depending on the specific facts and circumstance of each agreement. These fees are event-driven and invoiced upon the closing of the transaction outlined in each agreement. These fees may be expressed as a dollar amount per share, a flat dollar amount, or a percentage of the gross transaction proceeds. The Company earns agency placement fees in non-underwritten transactions, such as private placements of equity securities. The Company enters into arrangements with individual accredited customers or pooled investment vehicles to execute private placements in the secondary market. The Company will receive placement fees on these transactions and believes that its trade execution performance obligation is completed upon the placement and consummation of a transaction and, as such, revenue is earned on the transaction date with no further obligation to the customer at that time. The Company acts as a principal and recognizes the placement fee revenue earned for the execution of a trade on a gross basis. Custodial Administration Fees — The Company generates revenues primarily by performing custodial account administration and maintenance services for its customers. Specifically, the Company charges administration fees for its services in maintaining custodial accounts, including asset-based fees, which are determined by the number and types of assets in these accounts. Additionally, the Company earns fees for opening and terminating accounts, and facilitating transactions, which are assessed at the point of transaction. Account and asset fees are assessed on the first day of the calendar quarter. Cash administration fees are based on cash balances within the custodial accounts and are assessed on the last day of the month. Revenues from custodial administration fees are recognized either over time as underlying performance obligations are met and day-to-day maintenance activities are performed for custodial accounts, or at a point in time upon completion of transactions requested by custodial account holders. Contract Balances Contract assets represent amounts for which we have 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, 2022 and December 31, 2021. Contract liabilities consist of deferred revenue, which relates to amounts invoiced in advance of performance under a revenue contract. The total contract liabilities of $0.4 million and $0.4 million as of September 30, 2022 and December 31, 2021, respectively, related to advance billings for placement fees and custodial administration fees, recorded in accrued expenses and other current liabilities on the condensed consolidated balance sheets. The Company recognized $0.1 million of revenue during the three months ended September 30, 2022 that was included in deferred revenue at December 31, 2021. The Company recognized $0.3 million of revenue during the nine months ended September 30, 2022 that was included in deferred revenue at December 31, 2021. Practical Expedients In certain arrangements, the Company receives payment from a customer either before or after the performance obligation has been satisfied; however, the contracts do not contain a significant financing component. The Company has applied the practical expedient in ASC 606 and excludes information about a) remaining performance obligations that have an original expected duration of one year or less and b) transaction price allocated to remaining performance obligations if the variable consideration is allocated entirely to a wholly unsatisfied performance obligation. The Company has also applied the practical expedient in accordance with ASC 340-40, Other Assets and Deferred Costs to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less. Transaction-Based Expenses Transaction-based expenses represent the fees incurred to support placement and custodial activities. These include expenses for fund insurance, fund management, and fund settlement expenses that relates to services provided to the Funds, and external broker fees and transfer fees related to placement and custodial services provided to other brokerage and custodial customers to facilitate transactions. Warrant Liabilities The Public Warrants, Private Placement Warrants, and the warrants issued in connection with the Merger (see Note 3 and 11) are recognized as derivative liabilities in accordance with ASC 815. Accordingly, the Company recognizes the warrant instruments as liabilities at fair value and adjusts the carrying value of the instruments to fair value at each reporting period until they are exercised. The Company will continue to adjust the warrant liability for changes in the fair value until the earlier of a) the exercise or expiration of the warrants or b) the redemption of the warrants, at which time the warrants will be reclassified to additional paid-in-capital. Recent Accounting Pronouncements As an “emerging growth company,” the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflect this election and no new accounting pronouncements were adopted during the period. The Company will no longer qualify as an emerging growth company as of December 31, 2022. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, with subsequent amendments, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 requires immediate recognition of management’s estimates of current expected credit losses. ASU 2016-13 is effective for annual reporting periods beginning after December 15, 2022, and interim periods within that fiscal year, with early adoption permitted.

Recapitalization

Recapitalization	9 Months Ended
	Sep. 30, 2022
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 includes $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 proceeds from the A&R FPA (as defined below). As of September 30, 2022, 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 . These deferred offering costs are 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 unaudited condensed consolidated statements of operations for the nine months ended September 30, 2022. 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 On March 21, 2022, concurrently with the execution of the Merger Agreement, certain MOTV fund vehicles managed by an affiliate of MOTV purchased 14,000,000 units at $10.00 per unit, for an aggregate purchase price of $140.0 million in a private placement that closed substantially concurrently with the closing of the Business Combination under the Amended

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Financial instruments consist of cash equivalents, restricted cash, accounts receivable, 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, 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 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, 2022 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 148,979 $ — $ — $ 148,979 Payment-dependent notes receivable, current 2 — — 2 Payment-dependent notes receivable, non-current — — 6,508 6,508 Total financial assets $ 148,981 $ — $ 6,508 $ 155,489 Payment-dependent notes payable, current $ 2 $ — $ — $ 2 Payment-dependent notes payable, non-current — — 6,508 6,508 Legacy Forge warrant liabilities — — 410 410 Private Placement Warrants — — 222 222 Total financial liabilities $ 2 $ — $ 7,140 $ 7,142 As of December 31, 2021 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 24,240 $ — $ — $ 24,240 Payment-dependent notes receivable, current 1,153 — — 1,153 Payment-dependent notes receivable, non-current — — 13,453 13,453 Total financial assets $ 25,393 $ — $ 13,453 $ 38,846 Payment-dependent notes payable, current $ 1,153 $ — $ — $ 1,153 Payment-dependent notes payable, non-current — — 13,453 13,453 Legacy Forge warrant liabilities — — 7,844 7,844 Total financial liabilities $ 1,153 $ — $ 21,297 $ 22,450 The Company classifies money market funds and 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 relevant data inputs. Legacy Forge Warrant Liabilities The Company's Legacy Forge warrant liabilities consist of warrants to purchase Series B-1 preferred stock or subsequent round stock (the "Series B-1 Preferred Stock Warrants," see Note 11) and Junior Preferred Stock Warrants (as defined below, see Note 11). 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. To estimate the fair value of Junior Preferred Stock Warrants as of September 30, 2022 the Company used a binomial lattice model in a risk-neutral framework. 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 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, 2022 which resulted in a $3.9 million gain for the three and nine months ended September 30, 2022. The Company estimated the fair value of the Legacy Forge warrant liabilities, as of September 30, 2022 and December 31, 2021, respectively, using the following key assumptions: September 30, December 31, Fair value of underlying securities $ 1.75 $ 30.8 Discounts for lack of marketability 0.0% 0.0% Expected term (years) 4.0 3.4 – 8.8 Expected volatility 44.6% 40.4% – 44.3% Risk-free interest rate 4.2% 1.0% – 1.5% Expected dividend yield 0.0% 0.0% Fair value per warrant $ 0.16 $5.0 - $22.0 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 significant assumptions used in the analysis were the trading price of the Company’s Common Stock as of September 30, 2022 of $1.75 per share, the risk-free rate of 4.1% , the volatility of 42.1% , and the Company’s dividend yield of 0.0%. 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, 2022, the transfer of Private Placement Warrants from Level 2 to Level 3 was due to the redemption and exercises of the Public Warrants (Note 11) which resulted in the lack of an identical instrument with a quoted price. During the nine months ended September 30, 2021, there were transfers of securities segregated for customers from Level 3 to Level 1, as one private company was acquired by a public company and became publicly-traded under the acquirer, and the Company was able to obtain independent market-quoted prices for the acquirer company. The following tables provide reconciliation for all financial assets measured at fair value using significant unobservable inputs (Level 3) for nine months ended September 30, 2022 and 2021 (in thousands): Total Level 3 Financial Assets Balance as of December 31, 2021 $ 13,453 Change in fair value of payment-dependent notes receivable (6,945) Balance as of September 30, 2022 $ 6,508 Total Level 3 Financial Assets Balance as of December 31, 2020 $ 51,859 Acquisition of short-term investments 362 Change in fair value of short-term investments (23) Short-term investments transferred out of Level 3 to Level 1 (5,472) Change in fair value of payment-dependent notes receivable 26,758 Settlement of payment-dependent notes receivable (62,637) Balance as of September 30, 2021 $ 10,847 The following tables provide reconciliation for all financial liabilities measured at fair value using significant unobservable inputs (Level 3) for nine months ended September 30, 2022 and 2021 (in thousands): Total Level 3 Financial Liabilities Balance as of December 31, 2021 $ 21,297 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 $ 7,140 Total Level 3 Financial Liabilities Balance as of December 31, 2020 $ 53,639 Change in fair value of payment-dependent notes payable 26,758 Settlement of payment-dependent notes payable (62,637) Change in fair value of Legacy Forge warrant liabilities 5,575 Payment-dependent notes payable transferred out of Level 3 to Level 1 (5,133) Balance as of September 30, 2021 $ 18,202

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet Components	9 Months Ended
	Sep. 30, 2022
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 expenses $ 7,781 $ 3,162 Other current assets 1,744 1,986 Prepaid expenses and other current assets $ 9,525 $ 5,148 Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): September 30, December 31, Computer equipment $ 67 $ 336 Furniture and fixtures 386 621 Leasehold improvements 291 320 Total property and equipment $ 744 $ 1,277 Less: accumulated depreciation (472) (780) Property and equipment, net $ 272 $ 497 For the three and nine months ended September 30, 2022, the Company recorded depreciation expense related to property and equipment amounting to $0.1 million and $0.2 million, respectively. For the three and nine months ended September 30, 2021, the Company recorded depreciation expense related to property and equipment amounting to $0.1 million and $0.3 million, respectively. For the three and nine months ended September 30, 2022, the Company also recorded impairment loss of $0 and $0.2 million, respectively, primarily related to leasehold improvements and furniture and fixtures, included in general and administrative expense within the unaudited condensed consolidated statements of operations . Internal-Use Software, Net Capitalized internal-use software consists of the following (in thousands): September 30, December 31, Capitalized internal-use software $ 8,239 $ 2,860 Less: Accumulated amortization (1,516) (169) Total capitalized internal-use software $ 6,723 $ 2,691 For the three and nine months ended September 30, 2022, the Company recorded amortization expense on capitalized internal-use software placed in service amounting to $0.4 million and $1.3 million, respectively. For the three and nine months ended September 30, 2021, the Company recorded amortization expense on capitalized internal-use software placed in service amounting to $0.1 million and $0.1 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 $ 2,182 $ 1,798 Accrued payments related to acquisitions and financing — 1,134 Accrued taxes and deferred tax liabilities 1,085 1,421 Common stock unvested liability 987 786 Other current liabilities 3,456 3,204 Total $ 7,710 $ 8,343

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net During the year ended December 31, 2021, the Company purchased a domain name for $2.2 million. The purchase of the domain name created an intangible asset with an indefinite life that is not being amortized for book purposes. There were no changes in the recorded balance of goodwill during the nine months ended September 30, 2022. In-process research and development assets were acquired in business combinations, and launched in September 2021. The Company started to amortize the assets in September 2021 using the straight-line method over the estimated useful lives determined as 5 years. The Company determined that recent developments in domestic and global economies, including significant market volatilities, interest rate increases, and the decline in the market value of the Company's stock, which commenced prior to September 30, 2022, represent indicators that its long-lived assets may be impaired. Accordingly, the Company carried out an interim impairment test of its long-lived assets pursuant to ASC 360 - Property, Plant, and Equipment, whereby a quantitative assessment was performed to determine whether its long-lived assets were recoverable. The Company's long-lived assets represent a single group of assets that individually are not independent from the cash flows of other assets. The Company determined that the carrying amount of its long-lived assets did not exceed the sum of the undiscounted cash flows expected to result from the use of these assets, thus, its long-lived assets were recoverable as of September 30, 2022. As a result, no impairment loss was recorded for the long-lived assets. Additionally, as of September 30, 2022, the Company performed an interim goodwill impairment test as a result of the events and circumstances previously discussed. The Company has one reporting unit. In determining the fair value of the reporting unit in accordance with ASC 350 - Intangibles - Goodwill and Other, the Company performed a quantitative assessment of goodwill as of September 30, 2022 using a combination of the income and market approach. The fair value of the reporting unit exceeded its carrying value. As a result, no impairment loss was recorded for goodwill. The components of intangible assets and accumulated amortization are as follows (in thousands): As of September 30, 2022 Weighted Average Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite-lived intangible assets: Developed technology 2.2 years $ 13,200 $ (7,339) $ 5,861 Customer relationships 6.3 years 7,507 (2,424) 5,083 Trade name 0.0 years 320 (320) — Launched IPR&D assets 4.0 years 960 (192) 768 Total finite-lived intangible assets $ 21,987 $ (10,275) $ 11,712 Indefinite-lived intangible assets: Trade name – website domain Indefinite 2,231 — 2,231 Total indefinite-lived intangible assets 2,231 — 2,231 Total intangible assets $ 24,218 $ (10,275) $ 13,943 As of December 31, 2021 Weighted Average Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite-lived intangible assets: Developed technology 3.0 years $ 13,200 $ (5,250) $ 7,950 Customer relationships 7.0 years 7,410 (1,696) 5,714 Trade name 0.0 years 320 (320) — Launched IPR&D assets 5.0 years 960 — 960 Total finite-lived intangible assets $ 21,890 $ (7,266) $ 14,624 Indefinite-lived intangible assets: Trade name – website domain (forge.com) Indefinite 2,202 — 2,202 Total indefinite-lived intangible assets 2,202 — 2,202 Total intangible assets $ 24,092 $ (7,266) $ 16,826 Amortization expense related to finite-lived intangible assets was included in depreciation and amortization in the accompanying unaudited condensed consolidated statements of operations for the three and nine months ended September 30, 2022 and 2021. 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. Amortization expense related to finite-lived intangible assets for the three and nine months ended September 30, 2021 was $1.2 million and $3.7 million, respectively. The table below presents estimated future amortization expense for finite-lived intangible assets as of September 30, 2022 (in thousands): Amount Remainder of 2022 $ 1,178 2023 3,969 2024 3,272 2025 802 2026 754 Thereafter 1,737 Total $ 11,712

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	Leases The Company leases real estate for office space under operating leases. As of September 30, 2022, the remaining lease terms varied from 0.3 years to 2.8 years. For certain leases, the Company has an option to extend the lease term for a period of 5 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 , for the three and nine months ended September 30, 2022 was $0.9 million and $2.8 million, respectively. Operating lease expense for the three and nine months ended September 30, 2021 was $0.8 million and $2.5 million, respectively. Variable lease payments for three and nine months ended September 30, 2022 were $0.2 million and $0.6 million, respectively. Variable lease payments for the three and nine months ended September 30, 2021 were immaterial. Sublease income of $0.2 million and $0.5 million for the three and nine months ended September 30, 2022, respectively, and sublease income of $0.1 million and $0.1 million for the three and nine months ended September 30, 2021, respectively, was included in other income, net in the unaudited condensed consolidated statements of operations . The table below presents additional information related to the Company’s operating leases (in thousands): September 30, December 31, Operating lease right-of-use assets $ 3,794 $ 7,881 Operating lease liabilities, current $ 3,819 $ 5,367 Operating lease liabilities, noncurrent $ 1,785 $ 5,159 Weighted-average remaining lease term (in years) 1.7 2.2 Weighted-average discount rate 4.7 % 4.9 % Future undiscounted lease payments under operating leases as of September 30, 2022 were as follows (in thousands) : Lease Payment Obligation Sublease Income Net Lease Obligation Remainder of 2022 $ 1,351 $ (226) $ 1,125 2023 3,170 (768) 2,402 2024 932 (360) 572 2025 381 (210) 171 2026 — — — Total undiscounted lease payments $ 5,834 $ (1,564) $ 4,270 Less: Imputed interest (230) Present value of future lease payments 5,604 Less: operating lease liabilities, current 3,819 Operating lease liabilities, noncurrent $ 1,785 As of September 30, 2022, the Company did not have any additional significant lease contracts that had not yet commenced. 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 .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The 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. Accrual for loss contingencies are recorded in accrued expenses and other current liabilities on the 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 Proceeding 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. The Company is unable to predict the outcome, nor the amount of time and expense that will be required to resolve this action. At this juncture, the Company does not believe this action will have a material adverse impact on its operations or financial position. The Company believes the allegations set forth in this action are without merit and intends to defend vigorously against the lawsuit. 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. No provision for a loss contingency has been recorded as the amount of losses, if any, is not estimable as of September 30, 2022. 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, 2022, the Company contributed $0.2 million and $0.8 million, respectively, to the defined contribution plan. During the three and nine months ended September 30, 2021, the Company contributed $0.1 million and $0.4 million, respectively, to the defined contribution plan. Non-Cancelable Purchase Obligations In the normal course of business, the Company enters into non-cancelable purchase commitments with various parties for purchases. As of September 30, 2022, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer totaling $10.2 million.

Off Balance Sheet Items

Off Balance Sheet Items	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Off Balance Sheet Items	Off Balance Sheet Items The Company organizes a series of investment funds, each of which is represented by a limited liability company (“LLC”) within Forge Investments LLC and by portfolio companies within Forge Investments SPC and Forge Investments II SPC. The funds were formed for the purpose of investing in securities relating to a single private company. Each series of funds consists of a separate and distinct portfolio of investments owned by different investors. The Company utilizes third-party fund administrators to manage the funds and has no ownership interest nor participation in the gains or losses of the entities represented by the funds. The Company paid for the expenses incurred by these entities, including fund insurance expenses of less than $0.1 million and $0.2 million, and fund management expenses of less than $0.1 million and $0.1 million for the three and nine months ended September 30, 2022, respectively, and fund insurance expenses of $0 and $0.5 million, and fund management expenses of $0.1 million and $0.3 million for the three and nine months ended September 30, 2021, respectively, included in transaction-based expenses in the unaudited condensed consolidated statements of operations . Also, the Company paid fund audit fees of $0 and $0.6 million during the three and nine months ended September 30, 2022, respectively, and fund audit fees of less than $0.1 million and $0.6 million during the three and nine months ended September 30, 2021, respectively, included in professional services in the unaudited condensed consolidated statements of operations . The Company did not consolidate Forge Investments LLC and Forge Investment SPC, or the investment funds, because the Company has no direct or indirect interest in Forge Investments LLC and Forge Investment SPC, or the investment funds, and the expenses that the Company pays on behalf of Forge Investments LLC and Forge Investment SPC, or the investment funds, are not significant to those entities. The Company believes its maximum exposure to loss resulting from its involvement with those entities is limited to the payment of future insurance expenses, management expenses and audit fees. On September 7, 2022 the Company and DBAG formed a subsidiary, Forge Europe GmbH . DBAG is a shareholder of the Company and one of the Company's directors is affiliated with this entity (see Note 1). Financial Technology Partners LP (“Financial Technology Partners”), a shareholder of the Company and affiliated entity of 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. During the nine months ended September 30, 2021, the Company incurred $4.9 million in fees to Financial Technology Partners. James Herbert, II, one of the Company's directors, 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. Prior to the Business Combination, one of Legacy Forge's directors was also a director of Temasek Holding (Private) Limited ("Temasek"). 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.

Capitalization

Capitalization	9 Months Ended
	Sep. 30, 2022
Capitalization [Abstract]
Capitalization	Capitalization Convertible Preferred Stock The following table summarizes Legacy Forge’s convertible preferred stock as of December 31, 2021 (in thousands, except for share data): As of December 31, 2021 Series Name Original Issuance Price Number of Shares Authorized Number of Shares Outstanding Carrying Value Net of Issuance Costs Aggregate Liquidation Preference Series AA $ 0.9867 3,482,030 3,482,030 $ 3,435 $ 3,435 Series B $ 3.4132 20,660,715 20,660,715 70,045 70,519 Series B-1 $ 3.9760 49,809,148 42,133,496 150,553 167,523 Series B-2 $ 3.9760 2,515,083 412,623 1,640 1,640 Junior $ 3.9760 10,348,216 7,225,285 20,383 28,728 Total 86,815,192 73,914,149 $ 246,056 $ 271,845 Immediately prior to the effective time of the Merger, all series of convertible preferred stock of Legacy Forge were converted into shares of Class AA common stock of Legacy Forge on a one-for-one basis and then converted into the Company’s common stock at the Exchange Ratio . As of September 30, 2022, no shares of convertible preferred stock were outstanding. Common Stock Prior to the Merger, Legacy Forge had authorized four classes of common stock: Class AA common stock, Class AA-1 common stock, Class EE-1 common stock, and Class EE-2 common stock. Holders of such common stock were entitled to receive any dividends if and when such dividends are declared by the board of directors. Common stock was subordinated to the convertible preferred stock with respect to dividend rights and rights upon certain deemed liquidation events. Common stock was not redeemable at the option of the holder or by Legacy Forge. As of December 31, 2021, 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 common stock. The holders of the Class EE-1 common stock and Class AA common stock were entitled to one vote for each share and the holders of Class EE-2 common stock were entitled to (a) with respect to votes of one or more classes of common stock only, twenty votes for each share of Class EE-2 common stock and (b) with respect to Class EE-2 common stock voting together with any shares of preferred stock, one vote for each share of Class EE-2 common stock. Holders of common stock, voting together as a separate class, were entitled to appoint four members of the board of directors, who were deemed common directors. As of December 31, 2021, two members of the board of directors were elected by holders of common stock. Each share of Class AA common stock was convertible to one share of Class EE-1 common stock, up to a cumulative maximum of 1,873,758 shares of Class AA common stock, and each share of Class EE-1 common stock was convertible to one share of preferred stock upon authorization by the board of directors. In addition, each share of Class EE-1 or Class EE-2 was convertible, upon a disposition, to one share of Class AA common stock at the election of the holder. In April 2021, Legacy Forge amended and restated its certificate of incorporation to, (i) increase the number of authorized shares of all classes of stock (including preferred stock) to 257,968,554 and (ii) reclassify each share of Class EE-1 common stock and Class EE-2 common stock to one share of 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, 2022, the Company had authorized 2,000,000,000 and 100,000,000 shares of common stock and preferred stock respectively, and the Company had 172,442,676 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 a loan offset agreement 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 Agreement, 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) 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
	Sep. 30, 2022
Warrants [Abstract]
Warrants	Warrants Warrants to Purchase Series B-1 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 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 of 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 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 fair value (Note 4). 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 conversion, and then settled in additional paid-in capital as a result of the conversion to equity-classified common stock warrants. The Company recorded changes in fair value of the May 2020 Warrants and October 2020 Warrants of $0 and $0.1 million in change in fair value of warrant liabilities in the Company’s unaudited condensed consolidated statements of operations during the three and nine months ended September 30, 2022, respectively. The Company recorded changes in fair value of the May 2020 Warrants and October 2020 Warrants of $1.4 million and $2.1 million in change in fair value of warrant liabilities in the Company’s unaudited condensed consolidated statements of operations during the three and nine months ended September 30, 2021, respectively. 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 condensed consolidated balance sheets. The Company remeasures the warrants at each balance sheet date using a hybrid method (Note 4). Subsequent to the Merger, the Junior Preferred Stock Warrants were converted to 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. During three and nine months ended September 30, 2022, 491,785 Junior Preferred Stock Warrants were net exercised in exchange for 123,379 shares of common stock. The change in fair value of warrant liabilities was recorded through the date of exercise as 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 as of September 30, 2022. The Company recorded changes in fair value of the Junior Preferred Stock Warrants that were converted to warrants to purchase common stock of $3.9 million in change in fair value of warrant liabilities in the Company's unaudited condensed consolidated statements of operations during the three and nine months ended September 30, 2022. Change in fair value of warrant liabilities for the Junior Preferred Stock Warrants was $0 and $3.5 million during the three and nine months ended September 30, 2021, respectively. 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 ("Private Placement Warrants"), 13,799,940 Class A common stock warrants held by MOTV's shareholders at an exercise price of $11.50 ("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 in five years after the completion of the Business Combination, or earlier upon redemption or liquidation. Subsequent to the Merger, the Private Placement Warrants and Public Warrants meet 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 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. During the three and nine months ended September 30, 2022, in connection with the Redemption, 768 and 1,994,790 Public Warrants were exercised at an exercise price of $11.50 per share of common stock, for an aggregate of 768 and 1,994,790 shares, respectively. Total cash proceeds generated from such exercises were less than $0.1 million and $22.9 million, respectively. The change in fair value of warrant liabilities was recorded through the date of exercise as 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 as of September 30, 2022. 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. As of September 30, 2022, the following warrants were outstanding: Warrant Type Shares Exercise Price per Share Private Placement Warrants 7,386,667 $ 11.50

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	Share-Based Compensation Prior 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 (“RSAs”), 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. The Company has reserved 12,899,504 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”). The 2022 ESPP authorizes the issuance of 4,072,000 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, Conversion of convertible preferred stock — 86,815,192 Warrants to purchase convertible preferred stock — 3,540,546 Warrants to purchase common stock 3,282,652 233,891 Shares available for grant under 2018 Plan — 1,133,920 Stock options issued and outstanding under 2018 Plan 13,407,629 15,712,433 Shares available for grant under 2022 Plan (1) 8,169,560 — RSUs issued and outstanding under 2022 Plan 7,126,492 — Stock options issued and outstanding under 2022 Plan — — Shares available for grant under 2022 ESPP 4,072,000 — Outstanding Private Placement Warrants 7,386,667 — Total shares of common stock reserved 43,445,000 107,435,982 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, 2022 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, 2021 5,031,310 $ 6.85 9.2 $ 120,491 Retroactive application of recapitalization 10,681,124 $ (4.66) Balance as of December 31, 2021 15,712,434 $ 2.19 Exercised (1,042,214) $ 0.96 Cancelled/Forfeited/Expired (1,262,591) $ 1.53 Balance as of September 30, 2022 13,407,629 $ 2.35 8.0 $ 7,728 Vested and exercisable as of September 30, 2022 5,961,059 $ 1.54 7.5 $ 5,412 The weighted-average grant date fair value of stock options granted during the nine months ended September 30, 2022 and 2021 were $0 and $2.90 per share, respectively. The total grant date fair value of stock options vested during the nine months ended September 30, 2022 and 2021 was $11.4 million and $2.8 million, respectively. The Company recorded share-based compensation of $2.2 million and $12.3 million and $2.1 million and $4.5 million for the three and nine months ended September 30, 2022 and 2021, respectively, related to stock options. 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, 2022, is $13.6 million, which is to be recognized over a weighted-average period of 2.2 years. Performance and Market Condition Options In May 2021, Legacy Forge’s board of directors granted the Chief Executive Officer a performance and market condition-based 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 awards 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 $0.3 million and (2) market condition, which is holders of Legacy Forge's B-1 Preferred Stock having realized (i) aggregate exit proceeds with 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 Merger, the performance condition was met and the Company recorded cumulative catch-up compensation expense of $4.6 million. Total compensation expense recognized for the performance and market condition-based option during the three and nine months ended September 30, 2022 was $0.6 million and $5.7 million, respectively. 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 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 options with no performance or market vesting conditions is based on the market value of common stock on the date of grant. The fair value of the performance-based stock options was $2.27 per option share estimated using the Monte Carlo simulation methodology. The unrecognized compensation expense was $1.4 million as of September 30, 2022. 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, 2022 and December 31, 2021, the cash proceeds received for unvested shares of common stock recorded within accrued expenses and other current liabilities in the condensed consolidated balance sheets were $1.0 million and $0.8 million, respectively, which will be transferred to additional paid-in capital upon vesting. Nonrecourse Promissory Notes to Early Exercise Stock Options In the nine months ended September 30, 2021, certain executive officers of the Company exercised stock options early by executing promissory notes. The Company has accounted for the promissory notes as nonrecourse in their entirety since the promissory notes are not aligned with a corresponding percentage of the underlying shares. Such arrangements were accounted for as modifications to the original stock options to which they relate, as the maturity date of the promissory notes reflects the legal term of the stock option for purposes of valuing the award. During the nine months ended September 30, 2022, there were no promissory notes issued upon early exercise of options. All outstanding promissory notes have been settled as of September 30, 2022. 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 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. The performance-based vesting condition for the options granted to certain board members was satisfied as of September 30, 2022 and the Company recorded $1.2 million of share-based compensation expense related to the options granted to certain board members. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: Fair value of common stock $ 6.11 Expected term (years) 5.3 Expected volatility 40.0% Risk-free interest rate 0.7% Expected dividend yield 0.0% RSAs Certain RSAs were granted to the Company's executives in exchange for consideration at a specified strike price and were further subject to vesting conditions. To the extent unvested, the shares issued in respect of such RSAs remain subject to repurchase. As of September 30, 2022 and December 31, 2021, there were no shares that were subject to repurchase, respectively. The Company recorded share-based compensation expense of $0.4 million and $0.7 million for the nine months ended September 30, 2022 and 2021, respectively, related to RSAs. There was no unrecognized expense related to RSAs as of September 30, 2022. 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 only. RSUs granted to certain executives (the “Executive Retention RSUs”) also contain market-based vesting conditions. The RSUs that contain time-based vesting conditions vest over the service period of three RSU activity during the nine months ended September 30, 2022 was as follows: RSUs Weighted Average Grant Date Fair Value Per Share Unvested as of December 31, 2021 — $ — Granted 7,416,040 $ 16.06 Vested (1) (60,512) $ 13.35 Forfeited (246,406) $ 20.26 Unvested as of September 30, 2022 7,109,122 $ 15.93 (1) Common stock has not been issued in connection with 17,370 vested RSUs because such RSUs were unsettled as of September 30, 2022. During the three and nine months ended September 30, 2022, the Company recognized share-based compensation expense of $24.8 million and $33.0 million related to RSUs, respectively. Future share-based compensation expense for unvested RSUs as of September 30, 2022 was $81.0 million, which is to be recognized over a weighted-average period of 2.6 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 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) first, second and third anniversaries of the consummation of the Merger, respectively, (the “Time Vesting Component”) or (2) achievement of 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 (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; (b) in the event the Company’s stock price meets or exceeds the price of $15.00 per share during the RSU Measurement Period (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

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe Company’s effective tax rate from continuing operations was (0.3)% and (0.2)% for the three and nine months ended September 30, 2022, respectively, and (4.2)% and (1.7)% for the three and nine months September 30, 2021, respectively. The Company’s full 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
	Sep. 30, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss per Share Prior to the Merger and prior to effecting the recapitalization, the holders of Legacy Forge's Class AA, Class EE-1, and Class EE-2 common stock were entitled to the same right to participate in the Company’s gains or losses. Therefore, net loss per share is presented as a single class of common stock. Earnings per share calculations for all periods prior to the Merger have been retrospectively restated to the equivalent number of shares reflecting the Exchange Ratio established in the reverse capitalization. Subsequent to the Merger, 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 convertible notes, convertible preferred stock, 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 antidilutive. Therefore, the net loss for the nine months ended September 30, 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, 2022 2021 2022 2021 Numerator: Net loss attributable to Forge Global Holdings, Inc., basic $ (16,198) $ (5,074) $ (85,741) $ (12,139) Less: Decrease in fair value of Junior Preferred warrants $ (3,937) $ — $ (3,897) $ — Net loss attributable to common stockholders, diluted $ (20,135) $ (5,074) $ (89,638) $ (12,139) Denominator: Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic 169,838,778 51,450,791 134,683,950 55,147,414 Dilutive effect of common share equivalents 370,478 — 1,276,662 — Weighted-average number of shares used to compute net loss per share attributable to common stockholders, diluted 170,209,256 51,450,791 135,960,612 55,147,414 Net loss per share attributed to common stockholders: Basic $ (0.10) $ (0.10) $ (0.64) $ (0.22) Diluted $ (0.12) $ (0.10) $ (0.66) $ (0.22) The following potentially dilutive shares were excluded in the calculation of diluted shares outstanding as the effect would have been anti-dilutive: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Convertible preferred stock — 73,914,150 — 73,914,150 Outstanding options 13,407,629 16,382,490 13,407,629 16,382,490 Common stock and preferred stock warrants 3,282,652 3,774,437 3,282,652 3,774,437 Private Placement Warrants issued upon Merger 7,386,667 — 7,386,667 — Common stock subject to repurchase 1,743,477 11,432,272 1,743,477 11,432,272 Restricted stock units 7,126,492 — 7,126,492 — Total 32,946,917 105,503,349 32,946,917 105,503,349

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Off Balance Sheet Items The Company organizes a series of investment funds, each of which is represented by a limited liability company (“LLC”) within Forge Investments LLC and by portfolio companies within Forge Investments SPC and Forge Investments II SPC. The funds were formed for the purpose of investing in securities relating to a single private company. Each series of funds consists of a separate and distinct portfolio of investments owned by different investors. The Company utilizes third-party fund administrators to manage the funds and has no ownership interest nor participation in the gains or losses of the entities represented by the funds. The Company paid for the expenses incurred by these entities, including fund insurance expenses of less than $0.1 million and $0.2 million, and fund management expenses of less than $0.1 million and $0.1 million for the three and nine months ended September 30, 2022, respectively, and fund insurance expenses of $0 and $0.5 million, and fund management expenses of $0.1 million and $0.3 million for the three and nine months ended September 30, 2021, respectively, included in transaction-based expenses in the unaudited condensed consolidated statements of operations . Also, the Company paid fund audit fees of $0 and $0.6 million during the three and nine months ended September 30, 2022, respectively, and fund audit fees of less than $0.1 million and $0.6 million during the three and nine months ended September 30, 2021, respectively, included in professional services in the unaudited condensed consolidated statements of operations . The Company did not consolidate Forge Investments LLC and Forge Investment SPC, or the investment funds, because the Company has no direct or indirect interest in Forge Investments LLC and Forge Investment SPC, or the investment funds, and the expenses that the Company pays on behalf of Forge Investments LLC and Forge Investment SPC, or the investment funds, are not significant to those entities. The Company believes its maximum exposure to loss resulting from its involvement with those entities is limited to the payment of future insurance expenses, management expenses and audit fees. On September 7, 2022 the Company and DBAG formed a subsidiary, Forge Europe GmbH . DBAG is a shareholder of the Company and one of the Company's directors is affiliated with this entity (see Note 1). Financial Technology Partners LP (“Financial Technology Partners”), a shareholder of the Company and affiliated entity of 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. During the nine months ended September 30, 2021, the Company incurred $4.9 million in fees to Financial Technology Partners. James Herbert, II, one of the Company's directors, 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. Prior to the Business Combination, one of Legacy Forge's directors was also a director of Temasek Holding (Private) Limited ("Temasek"). 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.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsIn October 2022, the Company entered into an operating lease to rent approximately 14,403 square feet of office space in San Mateo, California through December 31, 2025 with a three-year renewal option. Total minimum monthly lease payments are expected to be $0.1 million.

Summary of Accounting Policies

Summary of Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
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 as discussed in Note 9, "Off Balance Sheet Items." In certain instances, the Company provides investment advisory services to pooled investment vehicles (each, a “Fund”). The Company does not have discretion to make any investment, except for the specific investment for which a 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, 2021, that have had a material impact on these unaudited condensed consolidated financial statements and related notes.
Segment Information	Segment Information The Company operates as a single operating segment and reportable segment. The Company’s chief operating decision maker is its Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance, allocating resources and evaluating the Company’s financial performance.
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. Such management estimates include, but are not limited to, collectability of accounts receivable, the fair value of financial assets and liabilities, the fair value of assets acquired and liabilities assumed in business combinations, the fair value of consideration paid for business combinations, the useful lives of acquired intangible assets and property and equipment, the impairment of long-lived assets and goodwill, the fair value of warrants, equity awards and share-based compensation expenses, including the determination of the fair value of the Company’s common stock prior to the Merger and the derived service period for the awards containing market-based vesting conditions, and the valuation of deferred tax assets and uncertain tax positions. 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 Funds, in order to conclude whether any of the 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, 2022. 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.
Fair Value Measurements	Fair Value Measurements Fair value is defined as the exchange price that would be received from the sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. When developing fair value measurements, the Company maximizes the use of observable inputs and minimizes the use of unobservable inputs. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurements. Three levels of inputs may be used to measure fair value: Level 1 — Quoted prices in active markets for identical assets or liabilities. Level 2 — Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
Impairment of Long-Lived Assets	Impairment of Long-Lived AssetsThe 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.
Accounts Receivable, Net	Accounts Receivable, NetAccounts receivable consist of amounts billed and currently due from customers, which are subject to collection risk. The allowance for doubtful accounts is based on the Company’s assessment of the collectability of accounts. The Company regularly reviews the adequacy of the allowance for doubtful accounts based on a combination of factors, including an assessment of the customer’s aging balance, the financial condition of the customer, and the amount of any receivables in dispute. Accounts receivable deemed uncollectible are charged against the allowance for doubtful accounts when identified.
Concentration of Credit Risks	Concentration of Credit Risks Financial instruments that potentially subject the Company to concentrations of credit risk primarily comprise cash and cash equivalents and restricted cash, payment-dependent notes receivable, and accounts receivable. Cash and cash equivalents and restricted cash may, at times, exceed amounts insured by the Federal Deposit Insurance Corporation and the Securities Investor Protection Corporation, respectively. The Company performs periodic evaluations of the relative credit standing of these financial institutions to limit the amount of credit exposure. The Company has not experienced any losses on its deposits of cash and cash equivalents to date.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company generates revenue from fees charged for the trading of private placements through its marketplace platform, and fees for account and asset management provided to customers. The Company disaggregates revenue by service type, as management believes that this level of disaggregation best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are impacted by economic factors. Revenue from Contracts with Customers The Company enters into contracts with customers that can include various services, which are capable of being distinct and accounted for as separate performance obligations. When applicable, an allocation of the transaction fees to the performance obligations or to the distinct goods or services that form part of a single performance obligation will depend on the individual facts and circumstances of the contract. All of the Company’s revenues are from contracts with customers. The Company is the principal in its contracts, with the exception of sub-account fees, in which the Company acts as an agent and records revenue from fees earned related to cash balances in customers’ custodial accounts. Each of our significant performance obligations and our application of ASC 606 to our revenue arrangements are discussed in further detail below: Placement Fees — The Company maintains a platform which generates revenues by collecting transaction fees from institutions, individual investors and private equity holders. Placement fees are charged by the Company for meeting the point-in-time performance obligation of executing a private placement on its platform. Placement fee rates are individually negotiated for each transaction and vary depending on the specific facts and circumstance of each agreement. These fees are event-driven and invoiced upon the closing of the transaction outlined in each agreement. These fees may be expressed as a dollar amount per share, a flat dollar amount, or a percentage of the gross transaction proceeds. The Company earns agency placement fees in non-underwritten transactions, such as private placements of equity securities. The Company enters into arrangements with individual accredited customers or pooled investment vehicles to execute private placements in the secondary market. The Company will receive placement fees on these transactions and believes that its trade execution performance obligation is completed upon the placement and consummation of a transaction and, as such, revenue is earned on the transaction date with no further obligation to the customer at that time. The Company acts as a principal and recognizes the placement fee revenue earned for the execution of a trade on a gross basis. Custodial Administration Fees — The Company generates revenues primarily by performing custodial account administration and maintenance services for its customers. Specifically, the Company charges administration fees for its services in maintaining custodial accounts, including asset-based fees, which are determined by the number and types of assets in these accounts. Additionally, the Company earns fees for opening and terminating accounts, and facilitating transactions, which are assessed at the point of transaction. Account and asset fees are assessed on the first day of the calendar quarter. Cash administration fees are based on cash balances within the custodial accounts and are assessed on the last day of the month. Revenues from custodial administration fees are recognized either over time as underlying performance obligations are met and day-to-day maintenance activities are performed for custodial accounts, or at a point in time upon completion of transactions requested by custodial account holders. Contract Balances Practical Expedients In certain arrangements, the Company receives payment from a customer either before or after the performance obligation has been satisfied; however, the contracts do not contain a significant financing component. The Company has applied the practical expedient in ASC 606 and excludes information about a) remaining performance obligations that have an original expected duration of one year or less and b) transaction price allocated to remaining performance obligations if the variable consideration is allocated entirely to a wholly unsatisfied performance obligation. The Company has also applied the practical expedient in accordance with ASC 340-40, Other Assets and Deferred Costs
Transaction-Based Expenses	Transaction-Based Expenses
Warrant Liabilites	Warrant Liabilities
Recently Adopted and Issued Accounting Pronouncements	Recent Accounting Pronouncements As an “emerging growth company,” the Jumpstart Our Business Startups Act (“JOBS Act”) allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflect this election and no new accounting pronouncements were adopted during the period. The Company will no longer qualify as an emerging growth company as of December 31, 2022. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, with subsequent amendments, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 requires immediate recognition of management’s estimates of current expected credit losses. ASU 2016-13 is effective for annual reporting periods beginning after December 15, 2022, and interim periods within that fiscal year, with early adoption permitted.

Summary of Accounting Policie_2

Summary of Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Schedule of Useful Lives for Property and Equipment	Property and equipment, net consisted of the following (in thousands): September 30, December 31, Computer equipment $ 67 $ 336 Furniture and fixtures 386 621 Leasehold improvements 291 320 Total property and equipment $ 744 $ 1,277 Less: accumulated depreciation (472) (780) Property and equipment, net $ 272 $ 497

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 148,979 $ — $ — $ 148,979 Payment-dependent notes receivable, current 2 — — 2 Payment-dependent notes receivable, non-current — — 6,508 6,508 Total financial assets $ 148,981 $ — $ 6,508 $ 155,489 Payment-dependent notes payable, current $ 2 $ — $ — $ 2 Payment-dependent notes payable, non-current — — 6,508 6,508 Legacy Forge warrant liabilities — — 410 410 Private Placement Warrants — — 222 222 Total financial liabilities $ 2 $ — $ 7,140 $ 7,142 As of December 31, 2021 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 24,240 $ — $ — $ 24,240 Payment-dependent notes receivable, current 1,153 — — 1,153 Payment-dependent notes receivable, non-current — — 13,453 13,453 Total financial assets $ 25,393 $ — $ 13,453 $ 38,846 Payment-dependent notes payable, current $ 1,153 $ — $ — $ 1,153 Payment-dependent notes payable, non-current — — 13,453 13,453 Legacy Forge warrant liabilities — — 7,844 7,844 Total financial liabilities $ 1,153 $ — $ 21,297 $ 22,450
Fair Value Measurement Inputs and Valuation Techniques	The Company estimated the fair value of the Legacy Forge warrant liabilities, as of September 30, 2022 and December 31, 2021, respectively, using the following key assumptions: September 30, December 31, Fair value of underlying securities $ 1.75 $ 30.8 Discounts for lack of marketability 0.0% 0.0% Expected term (years) 4.0 3.4 – 8.8 Expected volatility 44.6% 40.4% – 44.3% Risk-free interest rate 4.2% 1.0% – 1.5% Expected dividend yield 0.0% 0.0% Fair value per warrant $ 0.16 $5.0 - $22.0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables provide reconciliation for all financial assets measured at fair value using significant unobservable inputs (Level 3) for nine months ended September 30, 2022 and 2021 (in thousands): Total Level 3 Financial Assets Balance as of December 31, 2021 $ 13,453 Change in fair value of payment-dependent notes receivable (6,945) Balance as of September 30, 2022 $ 6,508 Total Level 3 Financial Assets Balance as of December 31, 2020 $ 51,859 Acquisition of short-term investments 362 Change in fair value of short-term investments (23) Short-term investments transferred out of Level 3 to Level 1 (5,472) Change in fair value of payment-dependent notes receivable 26,758 Settlement of payment-dependent notes receivable (62,637) Balance as of September 30, 2021 $ 10,847
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables provide reconciliation for all financial liabilities measured at fair value using significant unobservable inputs (Level 3) for nine months ended September 30, 2022 and 2021 (in thousands): Total Level 3 Financial Liabilities Balance as of December 31, 2021 $ 21,297 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 $ 7,140 Total Level 3 Financial Liabilities Balance as of December 31, 2020 $ 53,639 Change in fair value of payment-dependent notes payable 26,758 Settlement of payment-dependent notes payable (62,637) Change in fair value of Legacy Forge warrant liabilities 5,575 Payment-dependent notes payable transferred out of Level 3 to Level 1 (5,133) Balance as of September 30, 2021 $ 18,202

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheet Components (Tables)	9 Months Ended
	Sep. 30, 2022
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 expenses $ 7,781 $ 3,162 Other current assets 1,744 1,986 Prepaid expenses and other current assets $ 9,525 $ 5,148
Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): September 30, December 31, Computer equipment $ 67 $ 336 Furniture and fixtures 386 621 Leasehold improvements 291 320 Total property and equipment $ 744 $ 1,277 Less: accumulated depreciation (472) (780) Property and equipment, net $ 272 $ 497
Capitalized Internal-Use Software, Net	Capitalized internal-use software consists of the following (in thousands): September 30, December 31, Capitalized internal-use software $ 8,239 $ 2,860 Less: Accumulated amortization (1,516) (169) Total capitalized internal-use software $ 6,723 $ 2,691
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 $ 2,182 $ 1,798 Accrued payments related to acquisitions and financing — 1,134 Accrued taxes and deferred tax liabilities 1,085 1,421 Common stock unvested liability 987 786 Other current liabilities 3,456 3,204 Total $ 7,710 $ 8,343

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 Weighted Average Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite-lived intangible assets: Developed technology 2.2 years $ 13,200 $ (7,339) $ 5,861 Customer relationships 6.3 years 7,507 (2,424) 5,083 Trade name 0.0 years 320 (320) — Launched IPR&D assets 4.0 years 960 (192) 768 Total finite-lived intangible assets $ 21,987 $ (10,275) $ 11,712 Indefinite-lived intangible assets: Trade name – website domain Indefinite 2,231 — 2,231 Total indefinite-lived intangible assets 2,231 — 2,231 Total intangible assets $ 24,218 $ (10,275) $ 13,943 As of December 31, 2021 Weighted Average Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite-lived intangible assets: Developed technology 3.0 years $ 13,200 $ (5,250) $ 7,950 Customer relationships 7.0 years 7,410 (1,696) 5,714 Trade name 0.0 years 320 (320) — Launched IPR&D assets 5.0 years 960 — 960 Total finite-lived intangible assets $ 21,890 $ (7,266) $ 14,624 Indefinite-lived intangible assets: Trade name – website domain (forge.com) Indefinite 2,202 — 2,202 Total indefinite-lived intangible assets 2,202 — 2,202 Total intangible assets $ 24,092 $ (7,266) $ 16,826
Schedule of Finite-Lived Intangible Assets	The components of intangible assets and accumulated amortization are as follows (in thousands): As of September 30, 2022 Weighted Average Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite-lived intangible assets: Developed technology 2.2 years $ 13,200 $ (7,339) $ 5,861 Customer relationships 6.3 years 7,507 (2,424) 5,083 Trade name 0.0 years 320 (320) — Launched IPR&D assets 4.0 years 960 (192) 768 Total finite-lived intangible assets $ 21,987 $ (10,275) $ 11,712 Indefinite-lived intangible assets: Trade name – website domain Indefinite 2,231 — 2,231 Total indefinite-lived intangible assets 2,231 — 2,231 Total intangible assets $ 24,218 $ (10,275) $ 13,943 As of December 31, 2021 Weighted Average Gross Carrying Amount Accumulated Amortization Net Carrying Amount Finite-lived intangible assets: Developed technology 3.0 years $ 13,200 $ (5,250) $ 7,950 Customer relationships 7.0 years 7,410 (1,696) 5,714 Trade name 0.0 years 320 (320) — Launched IPR&D assets 5.0 years 960 — 960 Total finite-lived intangible assets $ 21,890 $ (7,266) $ 14,624 Indefinite-lived intangible assets: Trade name – website domain (forge.com) Indefinite 2,202 — 2,202 Total indefinite-lived intangible assets 2,202 — 2,202 Total intangible assets $ 24,092 $ (7,266) $ 16,826
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, 2022 (in thousands): Amount Remainder of 2022 $ 1,178 2023 3,969 2024 3,272 2025 802 2026 754 Thereafter 1,737 Total $ 11,712

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Operating Leases	The table below presents additional information related to the Company’s operating leases (in thousands): September 30, December 31, Operating lease right-of-use assets $ 3,794 $ 7,881 Operating lease liabilities, current $ 3,819 $ 5,367 Operating lease liabilities, noncurrent $ 1,785 $ 5,159 Weighted-average remaining lease term (in years) 1.7 2.2 Weighted-average discount rate 4.7 % 4.9 %
Future Undiscounted Lease Payments	Future undiscounted lease payments under operating leases as of September 30, 2022 were as follows (in thousands) : Lease Payment Obligation Sublease Income Net Lease Obligation Remainder of 2022 $ 1,351 $ (226) $ 1,125 2023 3,170 (768) 2,402 2024 932 (360) 572 2025 381 (210) 171 2026 — — — Total undiscounted lease payments $ 5,834 $ (1,564) $ 4,270 Less: Imputed interest (230) Present value of future lease payments 5,604 Less: operating lease liabilities, current 3,819 Operating lease liabilities, noncurrent $ 1,785

Capitalization (Tables)

Capitalization (Tables)	9 Months Ended
	Sep. 30, 2022
Capitalization [Abstract]
Temporary Equity	The following table summarizes Legacy Forge’s convertible preferred stock as of December 31, 2021 (in thousands, except for share data): As of December 31, 2021 Series Name Original Issuance Price Number of Shares Authorized Number of Shares Outstanding Carrying Value Net of Issuance Costs Aggregate Liquidation Preference Series AA $ 0.9867 3,482,030 3,482,030 $ 3,435 $ 3,435 Series B $ 3.4132 20,660,715 20,660,715 70,045 70,519 Series B-1 $ 3.9760 49,809,148 42,133,496 150,553 167,523 Series B-2 $ 3.9760 2,515,083 412,623 1,640 1,640 Junior $ 3.9760 10,348,216 7,225,285 20,383 28,728 Total 86,815,192 73,914,149 $ 246,056 $ 271,845

Warrants (Tables)

Warrants (Tables)	9 Months Ended
	Sep. 30, 2022
Warrants [Abstract]
Schedule of Warrants Outstanding	As of September 30, 2022, the following warrants were outstanding: Warrant Type Shares Exercise Price per Share Private Placement Warrants 7,386,667 $ 11.50

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
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, Conversion of convertible preferred stock — 86,815,192 Warrants to purchase convertible preferred stock — 3,540,546 Warrants to purchase common stock 3,282,652 233,891 Shares available for grant under 2018 Plan — 1,133,920 Stock options issued and outstanding under 2018 Plan 13,407,629 15,712,433 Shares available for grant under 2022 Plan (1) 8,169,560 — RSUs issued and outstanding under 2022 Plan 7,126,492 — Stock options issued and outstanding under 2022 Plan — — Shares available for grant under 2022 ESPP 4,072,000 — Outstanding Private Placement Warrants 7,386,667 — Total shares of common stock reserved 43,445,000 107,435,982
Schedule of Stock Option Activity	Stock option activity during the nine months ended September 30, 2022 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, 2021 5,031,310 $ 6.85 9.2 $ 120,491 Retroactive application of recapitalization 10,681,124 $ (4.66) Balance as of December 31, 2021 15,712,434 $ 2.19 Exercised (1,042,214) $ 0.96 Cancelled/Forfeited/Expired (1,262,591) $ 1.53 Balance as of September 30, 2022 13,407,629 $ 2.35 8.0 $ 7,728 Vested and exercisable as of September 30, 2022 5,961,059 $ 1.54 7.5 $ 5,412
Schedule of Valuation Assumptions Using Black-Scholes	The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: Fair value of common stock $ 6.11 Expected term (years) 5.3 Expected volatility 40.0% Risk-free interest rate 0.7% Expected dividend yield 0.0%
Schedule of RSU Activity	RSU activity during the nine months ended September 30, 2022 was as follows: RSUs Weighted Average Grant Date Fair Value Per Share Unvested as of December 31, 2021 — $ — Granted 7,416,040 $ 16.06 Vested (1) (60,512) $ 13.35 Forfeited (246,406) $ 20.26 Unvested as of September 30, 2022 7,109,122 $ 15.93 (1) Common stock has not been issued in connection with 17,370 vested RSUs because such RSUs were unsettled as of September 30, 2022.

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 2021 2022 2021 Numerator: Net loss attributable to Forge Global Holdings, Inc., basic $ (16,198) $ (5,074) $ (85,741) $ (12,139) Less: Decrease in fair value of Junior Preferred warrants $ (3,937) $ — $ (3,897) $ — Net loss attributable to common stockholders, diluted $ (20,135) $ (5,074) $ (89,638) $ (12,139) Denominator: Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic 169,838,778 51,450,791 134,683,950 55,147,414 Dilutive effect of common share equivalents 370,478 — 1,276,662 — Weighted-average number of shares used to compute net loss per share attributable to common stockholders, diluted 170,209,256 51,450,791 135,960,612 55,147,414 Net loss per share attributed to common stockholders: Basic $ (0.10) $ (0.10) $ (0.64) $ (0.22) Diluted $ (0.12) $ (0.10) $ (0.66) $ (0.22)
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: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Convertible preferred stock — 73,914,150 — 73,914,150 Outstanding options 13,407,629 16,382,490 13,407,629 16,382,490 Common stock and preferred stock warrants 3,282,652 3,774,437 3,282,652 3,774,437 Private Placement Warrants issued upon Merger 7,386,667 — 7,386,667 — Common stock subject to repurchase 1,743,477 11,432,272 1,743,477 11,432,272 Restricted stock units 7,126,492 — 7,126,492 — Total 32,946,917 105,503,349 32,946,917 105,503,349

Organization and Description _2

Organization and Description of Business (Details) € in Millions, $ in Millions		13 Months Ended
	Sep. 07, 2022 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 EUR (€)	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	€ 14.3
Forge Europe | Deutsche Börse Aktiengesellschaft
Variable Interest Entity [Line Items]
Cash consideration		$ 9.5

Summary of Accounting Policie_3

Summary of Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Accounting Policies [Line Items]
Total revenues	$ 15,900	$ 27,658	$ 52,562	$ 98,386
Allowance for doubtful accounts	1,800		1,800		$ 1,500
Contract liabilities	400		400		$ 400
Revenue that was included in deferred revenue	100		300
Non-US
Accounting Policies [Line Items]
Total revenues	$ 1,900	$ 4,700	$ 6,100	$ 16,100

Recapitalization (Details)

Recapitalization (Details) $ / shares in Units, $ in Thousands		3 Months Ended	9 Months Ended
	Mar. 21, 2022 USD ($) shares $ / shares	Mar. 31, 2022 USD ($) shares	Sep. 30, 2022 USD ($) $ / shares	Sep. 30, 2021 USD ($)	Dec. 31, 2021 $ / shares
Recapitalization [Line Items]
Shares acquired percentage	100%
Proceeds from reverse recapitalization	$ 216,400
Proceeds from the Merger			$ 7,865	$ 0
Purchase price			208,500	0
Payments of reverse recapitalization transaction costs			61,800
Adjustments to stock issuance costs		$ 58,673	58,700
Transaction expenses related to the Merger			3,100
Gain (Loss) on Extinguishment of Debt			5,517	$ 0
One time transaction bonus			17,700
Portion paid in cash			$ 12,200
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		$ 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
Common Stock
Recapitalization [Line Items]
Shares issued (in shares) | shares		73,914,149

Fair Value Measurements - Hiera

Fair Value Measurements - Hierarchy for Assets and Liabilities on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment-dependent notes receivable, current	$ 2	$ 1,153
Payment-dependent notes receivable, noncurrent	6,508	13,453
Payment-dependent notes payable, current	2	1,153
Payment-dependent notes payable, non-current	6,508	13,453
Warrant liabilities	632	7,844
Fair Value, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment-dependent notes receivable, current	2	1,153
Payment-dependent notes receivable, noncurrent	6,508	13,453
Total financial assets	155,489	38,846
Payment-dependent notes payable, current	2	1,153
Payment-dependent notes payable, non-current	6,508	13,453
Warrant liabilities		7,844
Total financial liabilities	7,142	22,450
Fair Value, Recurring | Legacy Forge warrant liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	410
Fair Value, Recurring | Private Placement Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	222
Fair Value, Recurring | Money market funds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents:	148,979	24,240
Fair Value, Recurring | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment-dependent notes receivable, current	2	1,153
Payment-dependent notes receivable, noncurrent	0	0
Total financial assets	148,981	25,393
Payment-dependent notes payable, current	2	1,153
Payment-dependent notes payable, non-current	0	0
Warrant liabilities		0
Total financial liabilities	2	1,153
Fair Value, Recurring | Level 1 | Legacy Forge warrant liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	0
Fair Value, Recurring | Level 1 | Private Placement Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	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:	148,979	24,240
Fair Value, Recurring | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment-dependent notes receivable, current	0	0
Payment-dependent notes receivable, noncurrent	0	0
Total financial assets	0	0
Payment-dependent notes payable, current	0	0
Payment-dependent notes payable, non-current	0	0
Warrant liabilities		0
Total financial liabilities	0	0
Fair Value, Recurring | Level 2 | Legacy Forge warrant liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	0
Fair Value, Recurring | Level 2 | Private Placement Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	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, current	0	0
Payment-dependent notes receivable, noncurrent	6,508	13,453
Total financial assets	6,508	13,453
Payment-dependent notes payable, current	0	0
Payment-dependent notes payable, non-current	6,508	13,453
Warrant liabilities		7,844
Total financial liabilities	7,140	21,297
Fair Value, Recurring | Level 3 | Legacy Forge warrant liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	410
Fair Value, Recurring | Level 3 | Private Placement Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	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) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) $ / shares	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Nov. 30, 2020 USD ($)
Fair Value, Option, Quantitative Disclosures [Line Items]
Change in fair value of warrant liabilities	$ (25,210)	$ (737)	$ (19,808)	$ 5,575
Warrant liabilities	632		632		$ 7,844
Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Warrant liabilities					$ 7,844
Junior
Fair Value, Option, Quantitative Disclosures [Line Items]
Change in fair value of warrant liabilities	3,900	0	3,900	3,500
Fixed monetary amount						$ 5,000
Series B-1
Fair Value, Option, Quantitative Disclosures [Line Items]
Change in fair value of warrant liabilities	0	$ 1,400	100	$ 2,100
Legacy Forge warrant liabilities | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Warrant liabilities	$ 410		$ 410
Private Placement Warrants | Fair value per warrant | Binomial Lattice Model
Fair Value, Option, Quantitative Disclosures [Line Items]
Warrants measurement input | $ / shares	1.75		1.75
Private Placement Warrants | Risk-free interest rate | Binomial Lattice Model
Fair Value, Option, Quantitative Disclosures [Line Items]
Warrants measurement input | $ / shares	0.041		0.041
Private Placement Warrants | Expected volatility | Binomial Lattice Model
Fair Value, Option, Quantitative Disclosures [Line Items]
Warrants measurement input | $ / shares	0.421		0.421
Private Placement Warrants | Expected dividend yield | Binomial Lattice Model
Fair Value, Option, Quantitative Disclosures [Line Items]
Warrants measurement input	0		0
Private Placement Warrants | Fair Value, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Warrant liabilities	$ 222		$ 222

Fair Value Measurements - Valua

Fair Value Measurements - Valuation of Warrants (Details) - Legacy Forge warrant liabilities - Monte Carlo Model	Sep. 30, 2022 $ / shares	Dec. 31, 2021 $ / shares
Fair value of underlying securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	1.75	30.8
Discounts for lack of marketability
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0	0
Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	4
Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.446
Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.042
Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0	0
Fair value per warrant
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.16
Minimum | Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		3.4
Minimum | Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		0.404
Minimum | Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		0.010
Minimum | Fair value per warrant
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		5
Maximum | Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		8.8
Maximum | Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		0.443
Maximum | Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		0.015
Maximum | Fair value per warrant
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		22

Fair Value Measurements - Asset

Fair Value Measurements - Assets Roll Forward (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	$ 13,453	$ 51,859
Transfers out of Level 3 to Level 1		(5,472)
Ending balance	6,508	10,847
Notes Receivable
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in fair value	$ (6,945)	26,758
Settlements		(62,637)
Short-Term Investments
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Acquisition		362
Change in fair value		$ (23)

Fair Value Measurements - Payme

Fair Value Measurements - Payment-Dependent Notes Payable Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		$ 21,297	$ 53,639
Ending balance	$ 7,140	7,140	18,202
Notes Payable, Other Payables
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value		(6,945)	26,758
Settlements			(62,637)
Warrant
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value			5,575
Series B-1 | Warrant
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value		106
Settlements		(2,950)
Private Placement Warrants | Warrant
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value		20,239
Transfers out of Level 2 to Level 3		20,461
Junior | Warrant
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in fair value	$ (3,900)	(3,937)	$ (5,133)
Exercise of Junior Preferred Stock Warrants		$ (653)

Condensed Consolidated Balanc_3

Condensed Consolidated Balance Sheet Components - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Regulated Operations [Abstract]
Prepaid expenses	$ 7,781	$ 3,162
Other current assets	1,744	1,986
Prepaid expenses and other current assets	$ 9,525	$ 5,148

Condensed Consolidated Balanc_4

Condensed Consolidated Balance Sheet Components - Property and Equipment, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Public Utility, Property, Plant and Equipment [Line Items]
Property and equipment	$ 744		$ 744		$ 1,277
Less: accumulated depreciation	(472)		(472)		(780)
Property and equipment, net	272		272		497
Depreciation expense	100	$ 100	200	$ 300
Loss on impairment of long lived assets			446	$ 0
Computer equipment
Public Utility, Property, Plant and Equipment [Line Items]
Property and equipment	67		67		336
Furniture and fixtures
Public Utility, Property, Plant and Equipment [Line Items]
Property and equipment	386		386		621
Leasehold improvements
Public Utility, Property, Plant and Equipment [Line Items]
Property and equipment	291		291		$ 320
Leasehold Improvements and Furniture and Fixtures
Public Utility, Property, Plant and Equipment [Line Items]
Loss on impairment of long lived assets	$ 0		$ 200

Condensed Consolidated Balanc_5

Condensed Consolidated Balance Sheet Components - Capitalized Internal-Use Software (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Regulated Operations [Abstract]
Capitalized internal-use software	$ 8,239		$ 8,239		$ 2,860
Less: Accumulated amortization	(1,516)		(1,516)		(169)
Total capitalized internal-use software	6,723		6,723		$ 2,691
Capitalized internal-use software amortization expense	$ 400	$ 100	$ 1,300	$ 100

Condensed Consolidated Balanc_6

Condensed Consolidated Balance Sheet Components - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Regulated Operations [Abstract]
Accrued professional services	$ 2,182	$ 1,798
Accrued payments related to acquisitions and financing	0	1,134
Accrued taxes and deferred tax liabilities	1,085	1,421
Common stock unvested liability	987	786
Other current liabilities	3,456	3,204
Total	$ 7,710	$ 8,343

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended	13 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Sep. 30, 2022
Finite-lived intangible assets:
Payments to acquire intangible assets			$ 126,000	$ 2,202,000	$ 2,200,000
Goodwill period changes			0
Amortization expense	$ 1,000,000	$ 1,200,000	$ 3,000,000	$ 3,700,000
Launched IPR&D assets
Finite-lived intangible assets:
Useful life						5 years

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Finite-lived intangible assets:
Gross Carrying Amount	$ 21,987	$ 21,890
Accumulated amortization	(10,275)	(7,266)
Total	11,712	14,624
Indefinite-lived intangible assets:
Trade name – website domain	2,231	2,202
Intangible Assets, Net (Including Goodwill) [Abstract]
Gross Carrying Amount	24,218	24,092
Accumulated amortization	(10,275)	(7,266)
Net Carrying Amount	13,943	16,826
Trade name
Indefinite-lived intangible assets:
Trade name – website domain	$ 2,231	$ 2,202
Developed technology
Finite-lived intangible assets:
Weighted Average Remaining Amortization Period	2 years 2 months 12 days	3 years
Gross Carrying Amount	$ 13,200	$ 13,200
Accumulated amortization	(7,339)	(5,250)
Total	5,861	7,950
Intangible Assets, Net (Including Goodwill) [Abstract]
Accumulated amortization	$ (7,339)	$ (5,250)
Customer relationships
Finite-lived intangible assets:
Weighted Average Remaining Amortization Period	6 years 3 months 18 days	7 years
Gross Carrying Amount	$ 7,507	$ 7,410
Accumulated amortization	(2,424)	(1,696)
Total	5,083	5,714
Intangible Assets, Net (Including Goodwill) [Abstract]
Accumulated amortization	$ (2,424)	$ (1,696)
Trade name
Finite-lived intangible assets:
Weighted Average Remaining Amortization Period	0 years	0 years
Gross Carrying Amount	$ 320	$ 320
Accumulated amortization	(320)	(320)
Total	0	0
Intangible Assets, Net (Including Goodwill) [Abstract]
Accumulated amortization	$ (320)	$ (320)
Launched IPR&D assets
Finite-lived intangible assets:
Weighted Average Remaining Amortization Period	4 years	5 years
Gross Carrying Amount	$ 960	$ 960
Accumulated amortization	(192)	0
Total	768	960
Intangible Assets, Net (Including Goodwill) [Abstract]
Accumulated amortization	$ (192)	$ 0

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 1,178
2023	3,969
2024	3,272
2025	802
2026	754
Thereafter	1,737
Total	$ 11,712	$ 14,624

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Operating Leased Assets [Line Items]
Renewal term (in years)	5 years		5 years
Operating lease expense	$ 0.9	$ 0.8	$ 2.8	$ 2.5
Variable payments	0.2		0.6
Sublease income	$ 0.2	$ 0.1	0.5	$ 0.1
Loss on impairment of long lived assets			$ 0.3
Minimum
Operating Leased Assets [Line Items]
Remaining lease term (in years)	3 months 18 days		3 months 18 days
Maximum
Operating Leased Assets [Line Items]
Remaining lease term (in years)	2 years 9 months 18 days		2 years 9 months 18 days

Leases - Operating Leases (Deta

Leases - Operating Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right-of-use assets	$ 3,794	$ 7,881
Operating lease liabilities, current	3,819	5,367
Operating lease liabilities, noncurrent	$ 1,785	$ 5,159
Weighted-average remaining lease term (in years)	1 year 8 months 12 days	2 years 2 months 12 days
Weighted-average discount rate	4.70%	4.90%

Leases - Maturity Schedule (Det

Leases - Maturity Schedule (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Lease Payment Obligation
Remainder of 2022	$ 1,351
2023	3,170
2024	932
2025	381
2026	0
Total undiscounted lease payments	5,834
Less: Imputed interest	(230)
Present value of future lease payments	5,604
Operating lease liabilities, current	3,819	$ 5,367
Operating lease liabilities, noncurrent	1,785	$ 5,159
Sublease Income
Remainder of 2022	(226)
2023	(768)
2024	(360)
2025	(210)
2026	0
Total undiscounted lease payments	(1,564)
Net Lease Obligation
Remainder of 2022	1,125
2023	2,402
2024	572
2025	171
2026	0
Total undiscounted lease payments	$ 4,270

Commitments and Contingencies -

Commitments and Contingencies - Legal Proceeding (Details)	9 Months Ended
	Sep. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Provision for loss contingency	$ 0

Commitments and Contingencies_2

Commitments and Contingencies - 401K (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Employer matching contribution, percent of match			2%
Employer matching contribution amount			$ 5,800
Contributions	$ 200,000	$ 100,000	$ 800,000	$ 400,000

Commitments and Contingencies_3

Commitments and Contingencies - Non-Cancelable Purchase Obligations (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Purchase commitment amount	$ 10.2

Off Balance Sheet Items (Detail

Off Balance Sheet Items (Details) - Affiliated Entity - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Insurance Fund Expense
Related Party Transaction [Line Items]
Related party transaction expenses	$ 0.1	$ 0	$ 0.2	$ 0.5
Management Expense
Related Party Transaction [Line Items]
Related party transaction expenses	0.1	0.1	0.1	0.3
Audit Fees
Related Party Transaction [Line Items]
Related party transaction expenses	$ 0	$ 0.1	$ 0.6	$ 0.6

Capitalization - Convertible Pr

Capitalization - Convertible Preferred Stock (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Oct. 31, 2020	May 31, 2020
Temporary Equity [Line Items]
Original Issuance Price (in dollars per share)	$ 6.11
Temporary equity, shares authorized (in shares)	0			86,815,192
Temporary equity, shares outstanding (in shares)	0	0	0	73,914,149	73,914,148	73,914,148	49,112,131	15,717,345
Carrying Value Net of Issuance Costs	$ 0	$ 0	$ 0	$ 246,056,000	$ 246,056,000	$ 246,056,000	$ 156,959,000	$ 156,848,000
Temporary equity, liquidation preference	$ 0			$ 271,845,000
Series AA
Temporary Equity [Line Items]
Original Issuance Price (in dollars per share)				$ 0.9867
Temporary equity, shares authorized (in shares)				3,482,030
Temporary equity, shares outstanding (in shares)				3,482,030
Carrying Value Net of Issuance Costs				$ 3,435,000
Temporary equity, liquidation preference				$ 3,435,000
Series B
Temporary Equity [Line Items]
Original Issuance Price (in dollars per share)				$ 3.4132
Temporary equity, shares authorized (in shares)				20,660,715
Temporary equity, shares outstanding (in shares)				20,660,715
Carrying Value Net of Issuance Costs				$ 70,045,000
Temporary equity, liquidation preference				$ 70,519,000
Series B-1
Temporary Equity [Line Items]
Original Issuance Price (in dollars per share)				$ 3.9760		$ 3.9760			$ 3.9760	$ 3.9760
Temporary equity, shares authorized (in shares)				49,809,148
Temporary equity, shares outstanding (in shares)				42,133,496
Carrying Value Net of Issuance Costs				$ 150,553,000
Temporary equity, liquidation preference				$ 167,523,000
Series B-2
Temporary Equity [Line Items]
Original Issuance Price (in dollars per share)				$ 3.9760		$ 3.9760
Temporary equity, shares authorized (in shares)				2,515,083
Temporary equity, shares outstanding (in shares)				412,623
Carrying Value Net of Issuance Costs				$ 1,640,000
Temporary equity, liquidation preference				$ 1,640,000
Junior
Temporary Equity [Line Items]
Original Issuance Price (in dollars per share)				$ 3.9760
Temporary equity, shares authorized (in shares)				10,348,216
Temporary equity, shares outstanding (in shares)				7,225,285
Carrying Value Net of Issuance Costs				$ 20,383,000
Temporary equity, liquidation preference				$ 28,728,000

Capitalization - Additional Inf

Capitalization - Additional Information (Details) $ / shares in Units, $ in Millions			1 Months Ended	9 Months Ended	12 Months Ended
	Mar. 21, 2022 vote $ / shares shares	Mar. 20, 2022 class shares	Apr. 30, 2021 shares	Sep. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2021 vote member shares $ / shares	Jun. 30, 2022 shares	Mar. 31, 2022 shares	Sep. 30, 2021 shares	Jun. 30, 2021 shares	Mar. 31, 2021 shares	Dec. 31, 2020 shares
Class of Stock [Line Items]
Temporary equity, shares outstanding (in shares)				0	73,914,149	0	0	73,914,148	73,914,148	49,112,131	15,717,345
Number of stock classes | class		4
Shares authorized	2,100,000,000		257,968,554		257,968,554
Common stock, shares authorized (in shares)	2,000,000,000			2,000,000,000	171,153,360
Number of members of board of directors elected by holders of common stock | member					2
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)				172,442,676	63,090,701
Common stock, shares outstanding (in shares)				172,442,676	63,090,701
Preferred stock, shares issued (in shares)				0
Preferred stock, shares outstanding (in shares)				0
Unvested shares amount | $				$ 1.3
Common Stock
Class of Stock [Line Items]
Number of votes per share | vote	1
Number of members of board of directors who are entitled to be elected by holders of common stock | member					4
Class AA Common Stock
Class of Stock [Line Items]
Number of votes per share | vote					1
Common stock, conversion ratio into another class of common stock		1			1
Maximum number of shares that may be converted					1,873,758
Common stock, par value (in dollars per share) | $ / shares	$ 0.00001
Class EE-1 Common Stock
Class of Stock [Line Items]
Conversion ratio into shares of preferred stock					1
Number of votes per share | vote					1
Common stock, conversion ratio into another class of common stock			1		1
Class EE-2 Common Stock
Class of Stock [Line Items]
Number of votes per share | vote					20
Number of Votes per share with respect to votes of one or more classes of common stock | vote					1
Number of votes per share with respect to common stock voting together with any shares of preferred stock | vote					1
Common stock, conversion ratio into another class of common stock			1		1

Warrants - Narrative (Details)

Warrants - Narrative (Details) - USD ($)			1 Months Ended			3 Months Ended			9 Months Ended
		Jul. 11, 2022	Nov. 30, 2020	Oct. 31, 2020	May 31, 2020	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Mar. 21, 2022	Dec. 31, 2021	Jun. 30, 2021
Class of Warrant or Right [Line Items]
Share price (in dollars per share)						$ 6.11			$ 6.11
Warrant liabilities						$ 632,000			$ 632,000			$ 7,844,000
Change in fair value of warrant liabilities						(25,210,000)		$ (737,000)	(19,808,000)	$ 5,575,000
Proceeds from exercise of Public Warrants									22,940,000	0
Accounts receivable, net						3,045,000			$ 3,045,000			$ 5,380,000
Issuance of common stock upon exercise of Junior Preferred Stock Warrants						$ 653,000
Issuance of common stock upon exercise of public warrants (in shares)						768			1,994,790
Payments for redemption of Public Warrants									$ 165,000	0
Additional Paid-In Capital
Class of Warrant or Right [Line Items]
Warrant liabilities						$ 700,000			700,000
Common Stock
Class of Warrant or Right [Line Items]
Issuance of common stock upon exercise of Junior Preferred Stock Warrants	[1]
Issuance of common stock upon exercise of public warrants (in shares)						768	1,994,022
Issuance of common stock upon exercise of Junior Preferred Stock Warrants (in shares)						123,379
Additional Paid-In Capital
Class of Warrant or Right [Line Items]
Issuance of common stock upon exercise of Junior Preferred Stock Warrants						$ 653,000
Medium-term Notes | 2020 Loan and Security Agreement
Class of Warrant or Right [Line Items]
Term loan amount				$ 15,000,000
Series B-1
Class of Warrant or Right [Line Items]
Share price (in dollars per share)				$ 3.9760	$ 3.9760							$ 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
Class of Warrant or Right [Line Items]
Change in fair value of warrant liabilities						0		1,400,000	100,000	2,100,000
Junior
Class of Warrant or Right [Line Items]
Warrant contractual term			5 years
Change in fair value of warrant liabilities						$ 3,900,000		$ 0	$ 3,900,000	$ 3,500,000
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			$ 5,000,000
Fixed monetary amount			$ 5,000,000
Number of securities called by warrants (in shares)						491,785			491,785
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	0
Exercise price of warrants (in dollars per share)						$ 11.50			$ 11.50		$ 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				$ 11.50			$ 11.50		$ 11.50
Proceeds from exercise of Public Warrants									$ 22,900,000
Redemption price per warrant (in dollars per share)		$ 0.01
Payments for redemption of Public Warrants		$ 200,000
Public Warrant | Motive Fund Vehicles Investor
Class of Warrant or Right [Line Items]
Class of warrant outstanding (in shares)											13,799,940
Exercise price of warrants (in dollars per share)											$ 11.50
October 2020 Warrants
Class of Warrant or Right [Line Items]
Warrant liabilities				$ 3,500,000
Warrant contractual term				10 years
[1]amount less than 1

Warrants - Outstanding (Details

Warrants - Outstanding (Details) - Private Placement Warrants - $ / shares	Sep. 30, 2022	Mar. 21, 2022	Dec. 31, 2021
Class of Warrant or Right [Line Items]
Class of warrant outstanding (in shares)	7,386,667	7,386,667	0
Exercise price of warrants (in dollars per share)	$ 11.50	$ 11.50

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended			3 Months Ended		6 Months Ended	9 Months Ended
	Jun. 01, 2022	Jun. 30, 2022	Jul. 31, 2021	May 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved					43,445,000		43,445,000	43,445,000		107,435,982
Weighted-average grant date fair value (in dollars per share)								$ 0	$ 2.90
Grant date fair value of stock options vested in period								$ 2,800	$ 11,400
Share-based compensation, unvested stock options					$ 13,600		$ 13,600	$ 13,600
Fair value of option (in dollars per share)					$ 2.35		$ 2.35	$ 2.35		$ 2.19
Cash proceeds received					$ 1,000		$ 1,000	$ 1,000		$ 800
Measurement period, number of consecutive trading days	20 days
Trading day period	30 days
Lock-up period	6 months
Share price (in dollars per share)					$ 6.11		$ 6.11	$ 6.11
Expected dividend yield								0%
Expected volatility								40%
Risk-free interest rate								70%
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
2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved					0		0	0
2022 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved					12,899,504		12,899,504	12,899,504
Automatic increase period					10 years		10 years	10 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense								$ 400	700
Share-based compensation, unvested stock options					$ 0		$ 0	$ 0
Employee Stock | 2022 ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved					4,072,000		4,072,000	4,072,000
Number of shares issued under plan (in shares)					4,072,000		4,072,000	4,072,000
Percentage of outstanding stock								1%
Common Stock | 2022 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of outstanding stock					3%		3%	3%
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					$ 600		$ 4,600	$ 5,700
Share-based compensation, unvested stock options					$ 1,400		$ 1,400	$ 1,400
Shares granted in period (in shares)				3,122,931
Shares granted in period, (in dollars per share)				$ 3.9760
Total proceeds threshold				$ 300
Trading day period				20 days
Lock up period								180 days
Fair value of option (in dollars per share)					$ 2.27		$ 2.27	$ 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%
Outstanding options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period								4 years
Expiration period								10 years
Share-based compensation expense					$ 2,200	$ 2,100		$ 12,300	$ 4,500
Period for recognition								2 years 2 months 12 days
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
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved					17,370		17,370	17,370
Share-based compensation expense					$ 24,800			$ 33,000
Period for recognition								2 years 7 months 6 days
Shares outstanding (in shares)					7,109,122		7,109,122	7,109,122		0
Vested (in shares)								60,512
Granted (in shares)								7,416,040
Forfeited (in shares)								246,406
Future share-based compensation expense					$ 81,000		$ 81,000	$ 81,000
Restricted Stock Units (RSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period								3 years
Restricted Stock Units (RSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period								4 years
Restricted Stock Units (RSUs) | 2022 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding (in shares)					7,126,492		7,126,492	7,126,492		0
Executive Retention RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense					$ 17,600			$ 23,300
Period for recognition								1 year 1 month 6 days
Vested (in shares)								0
Granted (in shares)	1,859,137
Future share-based compensation expense					$ 14,400		$ 14,400	$ 14,400
Share price (in dollars per share)	$ 20.26
Cost of equity		9%
Expected dividend yield		0%
Expected volatility		35.70%
Risk-free interest rate		2.80%
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

Share-Based Compensation - Comm

Share-Based Compensation - Common Stock Reserved (Details) - shares	Sep. 30, 2022	Jul. 11, 2022	Mar. 21, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Conversion of convertible preferred stock (in shares)	0			86,815,192
Warrants to purchase convertible preferred stock (in shares)	0			3,540,546
Stock options issued and outstanding (in shares)	13,407,629			15,712,434
Total shares of common stock reserved	43,445,000			107,435,982
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs issued and outstanding (in shares)	7,109,122			0
Total shares of common stock reserved	17,370
2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	0			1,133,920
Stock options issued and outstanding (in shares)	13,407,629			15,712,433
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)	8,169,560			0
Stock options issued and outstanding (in shares)	0			0
Total shares of common stock reserved	12,899,504
2022 Stock Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs issued and outstanding (in shares)	7,126,492			0
2022 ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	4,072,000			0
Private Placement Warrants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding warrants (in shares)	7,386,667		7,386,667	0
Public Warrant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding warrants (in shares)		16,471,814	4,666,664
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			233,891

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Stock Options
Beginning balance (in shares)	15,712,434
Exercised (in shares)	(1,042,214)
Cancelled/Forfeited/Expired (in shares)	(1,262,591)
Ending balance (in shares)	13,407,629	15,712,434
Vested and exercisable, end of period (in shares)	5,961,059
Weighted Average Exercise Price
Beginning balance (in dollars per share)	$ 2.19
Exercised (in dollars per share)	0.96
Cancelled/Forfeited/Expired (in dollars per share)	1.53
Ending balance (in dollars per share)	2.35	$ 2.19
Vested and exercisable, end of period (in dollars per share)	$ 1.54
Weighted-Averages Life (Years) and Aggregate Intrinsic Value
Weighted- Average Life (Years)	8 years
Weighted-average life, vested and exercisable	7 years 6 months
Intrinsic value, Ending	$ 7,728
Aggregate intrinsic value, vested and exercisable	$ 5,412
Previously Reported
Stock Options
Beginning balance (in shares)	5,031,310
Ending balance (in shares)		5,031,310
Weighted Average Exercise Price
Beginning balance (in dollars per share)	$ 6.85
Ending balance (in dollars per share)		$ 6.85
Weighted-Averages Life (Years) and Aggregate Intrinsic Value
Weighted- Average Life (Years)		9 years 2 months 12 days
Intrinsic value, Beginning	$ 120,491
Intrinsic value, Ending		$ 120,491
Revision of Prior Period, Adjustment
Stock Options
Beginning balance (in shares)	10,681,124
Ending balance (in shares)		10,681,124
Weighted Average Exercise Price
Beginning balance (in dollars per share)	$ (4.66)
Ending balance (in dollars per share)		$ (4.66)

Share-Based Compensation - Valu

Share-Based Compensation - Valuation of Warrants (Details)	9 Months Ended
	Sep. 30, 2022 $ / shares
Share-Based Payment Arrangement [Abstract]
Share price (in dollars per share)	$ 6.11
Expected term (years)	5 years 3 months 18 days
Expected volatility	40%
Risk-free interest rate	70%
Expected dividend yield	0%

Share-Based Compensation - RSUs

Share-Based Compensation - RSUs (Details) - $ / shares	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Weighted Average Grant Date Fair Value Per Share
Total shares of common stock reserved	43,445,000	107,435,982
Restricted Stock Units (RSUs)
RSUs
Beginning balance, unvested	0
Granted (in shares)	7,416,040
Vested (in shares)	(60,512)
Forfeited (in shares)	(246,406)
Ending balance, unvested	7,109,122
Weighted Average Grant Date Fair Value Per Share
Beginning balance	$ 0
Granted (in dollars per share)	16.06
Vested (in dollars per share)	13.35
Forfeited (in dollars per share)	20.26
Ending balance	$ 15.93
Total shares of common stock reserved	17,370

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Effective tax rate from continuing operations	(0.30%)	(4.20%)	(0.20%)	(1.70%)

Net Loss Per Share - Additional

Net Loss Per Share - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022 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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net loss attributable to Forge Global Holdings, Inc., basic	$ (16,198)	$ (5,074)	$ (85,741)	$ (12,139)
Less: Decrease in fair value of Junior Preferred warrants	(3,937)	0	(3,897)	0
Net loss attributable to common stockholders, diluted	$ (20,135)	$ (5,074)	$ (89,638)	$ (12,139)
Denominator:
Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic (in shares)	169,838,778	51,450,791	134,683,950	55,147,414
Dilutive effect of common share equivalents (in shares)	370,478	0	1,276,662	0
Dilutive effect of common share equivalents (in shares)	170,209,256	51,450,791	135,960,612	55,147,414
Net loss per share attributable to Forge Global Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ (0.10)	$ (0.10)	$ (0.64)	$ (0.22)
Diluted (in dollars per share)	$ (0.12)	$ (0.10)	$ (0.66)	$ (0.22)

Net Loss Per Share - Antidiluti

Net Loss Per Share - Antidilutive Securities Excluded from Computation (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	32,946,917	105,503,349	32,946,917	105,503,349
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	7,126,492	0	7,126,492	0
Convertible preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	0	73,914,150	0	73,914,150
Outstanding options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	13,407,629	16,382,490	13,407,629	16,382,490
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	3,774,437	3,282,652	3,774,437
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	0	7,386,667	0
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	1,743,477	11,432,272	1,743,477	11,432,272

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands		9 Months Ended
	Sep. 13, 2021	Sep. 30, 2022	Sep. 30, 2021
Related Party Transaction [Line Items]
Proceeds from PIPE investment and A&R FPA investors		$ 208,500	$ 0
Affiliated Entity | Financial Technology Partners
Related Party Transaction [Line Items]
Related party transaction expenses			$ 4,900
Affiliated Entity | Financial Technology Partners | Financial Fees
Related Party Transaction [Line Items]
Related party transaction expenses		18,300
Affiliated Entity | Financial Technology Partners | Common stock issued
Related Party Transaction [Line Items]
Related party transaction expenses		17,400
Affiliated Entity | Financial Technology Partners | Issuance of Public and Private Warrants
Related Party Transaction [Line Items]
Related party transaction expenses		$ 900
Affiliated Entity | James Herbert II
Related Party Transaction [Line Items]
Shares issued (in shares)	75,000
Proceeds from PIPE investment and A&R FPA investors	$ 800
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

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	1 Months Ended
	Oct. 31, 2022 USD ($) ft²	Sep. 30, 2022
Subsequent Event [Line Items]
Renewal term (in years)		5 years
Subsequent Event
Subsequent Event [Line Items]
Square feet of real estate property | ft²	14,403
Renewal term (in years)	3 years
Monthly lease payments | $	$ 0.1