Forge Global (FRGE) 10-Q 7 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 07, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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	4 Embarcadero Center
Entity Address, Address Line Two	Floor 15
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94111
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	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		183,158,492
Entity Central Index Key	0001827821
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 120,475	$ 144,722
Restricted cash	1,089	1,062
Accounts receivable, net	4,524	4,067
Prepaid expenses and other current assets	10,930	13,253
Total current assets	137,018	163,104
Internal-use software, property and equipment, net	3,993	5,192
Goodwill and other intangible assets, net	127,961	129,919
Operating lease right-of-use assets	7,324	4,308
Payment-dependent notes receivable, noncurrent	6,758	5,593
Other assets, noncurrent	2,606	2,615
Total assets	285,660	310,731
Current liabilities:
Accounts payable	1,656	1,831
Accrued compensation and benefits	9,079	11,004
Accrued expenses and other current liabilities	6,818	8,861
Less: operating lease liabilities, current	3,357	2,516
Total current liabilities	20,910	24,212
Operating lease liabilities, noncurrent	5,326	2,707
Payment-dependent notes payable, noncurrent	6,758	5,593
Warrant liabilities	2,889	9,616
Other liabilities, noncurrent	303	185
Total liabilities	36,186	42,313
Commitments and contingencies (Note 8)
Stockholders’ equity:
Common stock, $0.0001 par value; 182,670,074 and 176,899,814 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	19	18
Treasury stock, at cost; 157,193 shares as of June 30, 2024 and December 31, 2023, respectively	(625)	(625)
Additional paid-in capital	558,266	543,846
Accumulated other comprehensive income	721	911
Accumulated deficit	(312,986)	(280,638)
Total Forge Global Holdings, Inc. stockholders’ equity	245,395	263,512
Noncontrolling interest	4,079	4,906
Total stockholders’ equity	249,474	268,418
Total liabilities and stockholders’ equity	$ 285,660	$ 310,731
Common stock, shares issued (in shares)	182,670,074	176,899,814
Common stock, shares outstanding (in shares)	182,670,074	176,899,814

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023	Mar. 21, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares issued (in shares)	182,670,074	176,899,814
Common stock, shares outstanding (in shares)	182,670,074	176,899,814
Treasury stock (in shares)	157,193	157,193

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Total revenues	$ 22,282	$ 16,720	$ 41,524	$ 32,199
Transaction-based expenses:
Transaction-based expenses	(256)	(83)	(285)	(102)
Total revenues, less transaction-based expenses	22,026	16,637	41,239	32,097
Operating expenses:
Compensation and benefits	28,784	25,154	58,627	50,916
Technology and communications	2,649	3,475	5,709	6,865
Professional services	1,605	3,265	3,822	6,001
Advertising and market development	1,243	876	2,333	1,553
Rent and occupancy	1,107	1,148	2,242	2,474
General and administrative	2,508	3,525	7,570	6,273
Depreciation and amortization	1,781	1,747	3,597	3,536
Total operating expenses	39,677	39,190	83,900	77,618
Operating loss	(17,651)	(22,553)	(42,661)	(45,521)
Interest and other income (expense):
Interest income	1,495	1,319	3,204	2,828
Change in fair value of warrant liabilities	2,280	(3,790)	6,727	(3,622)
Other income, net	94	217	170	432
Total interest and other income (expense)	3,869	(2,254)	10,101	(362)
Loss before provision for income taxes	(13,782)	(24,807)	(32,560)	(45,883)
Provision for income taxes	258	293	474	478
Net loss	(14,040)	(25,100)	(33,034)	(46,361)
Net loss attributable to noncontrolling interest	(316)	(211)	(686)	(284)
Net loss attributable to Forge Global Holdings, Inc.	$ (13,724)	$ (24,889)	$ (32,348)	$ (46,077)
Net loss per share attributable to Forge Global Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ (0.08)	$ (0.14)	$ (0.18)	$ (0.27)
Diluted (in dollars per share)	$ (0.08)	$ (0.14)	$ (0.18)	$ (0.27)
Weighted-average shares used in computing net loss per share attributable to Forge Global Holdings, Inc. common stockholders:
Basic (in shares)	182,681,065	173,289,549	181,680,268	172,565,508
Diluted (in shares)	182,681,065	173,289,549	181,680,268	172,565,508
Marketplace revenues
Revenues:
Total revenues	$ 11,679	$ 5,723	$ 20,199	$ 10,355
Custodial administration fees
Revenues:
Total revenues	$ 10,603	$ 10,997	$ 21,325	$ 21,844

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (14,040)	$ (25,100)	$ (33,034)	$ (46,361)
Foreign currency translation adjustment	(76)	(53)	(331)	175
Comprehensive loss	(14,116)	(25,153)	(33,365)	(46,186)
Less: Comprehensive loss attributable to noncontrolling interest	(348)	(232)	(827)	(214)
Comprehensive loss attributable to Forge Global Holdings, Inc.	$ (13,768)	$ (24,921)	$ (32,538)	$ (45,972)

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2022		172,560,916
Beginning balance at Dec. 31, 2022	$ 325,461	$ 18		$ 509,094	$ (190,418)	$ 693	$ 6,074
Treasury Stock, Beginning balance (in shares) at Dec. 31, 2022			0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon release of restricted stock units (in shares)		1,464,968
Tax withholding related to vesting of restricted stock units (in shares)		(326,812)
Tax withholding related to vesting of restricted stock units	(557)			(557)
Issuance of common stock upon exercise of vested options (in shares)		117,215
Issuance of common stock upon exercise of vested options	61			61
Repurchase of early exercised stock options (in shares)		(8,132)
Vesting of early exercised stock options and restricted stock awards	131			131
Stock-based compensation expense	7,401			7,401
Net loss	(21,261)				(21,188)		(73)
Foreign currency translation adjustment	228					137	91
Ending balance (in shares) at Mar. 31, 2023		173,808,155
Ending balance at Mar. 31, 2023	311,464	$ 18		516,130	(211,606)	830	6,092
Treasury Stock, Ending balance (in shares) at Mar. 31, 2023			0
Beginning balance (in shares) at Dec. 31, 2022		172,560,916
Beginning balance at Dec. 31, 2022	325,461	$ 18		509,094	(190,418)	693	6,074
Treasury Stock, Beginning balance (in shares) at Dec. 31, 2022			0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of early exercised stock options and restricted stock awards	198
Net loss	(46,361)
Foreign currency translation adjustment	175
Ending balance (in shares) at Jun. 30, 2023		174,386,713
Ending balance at Jun. 30, 2023	295,456	$ 18		525,275	(236,495)	798	5,860
Treasury Stock, Ending balance (in shares) at Jun. 30, 2023			0
Beginning balance (in shares) at Mar. 31, 2023		173,808,155
Beginning balance at Mar. 31, 2023	311,464	$ 18		516,130	(211,606)	830	6,092
Treasury Stock, Beginning balance (in shares) at Mar. 31, 2023			0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon release of restricted stock units (in shares)		243,473
Issuance of common stock upon exercise of vested options (in shares)		335,085
Issuance of common stock upon exercise of vested options	269			269
Vesting of early exercised stock options and restricted stock awards	67			67
Stock-based compensation expense	8,809			8,809
Net loss	(25,100)				(24,889)		(211)
Foreign currency translation adjustment	(53)					(32)	(21)
Ending balance (in shares) at Jun. 30, 2023		174,386,713
Ending balance at Jun. 30, 2023	$ 295,456	$ 18		525,275	(236,495)	798	5,860
Treasury Stock, Ending balance (in shares) at Jun. 30, 2023			0
Beginning balance (in shares) at Dec. 31, 2023	176,899,814	176,899,814
Beginning balance at Dec. 31, 2023	$ 268,418	$ 18		543,846	(280,638)	911	4,906
Treasury Stock, Beginning balance (in shares) at Dec. 31, 2023	(157,193)		(625,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon release of restricted stock units (in shares)		3,866,866
Tax withholding related to vesting of restricted stock units (in shares)		(1,073,222)
Tax withholding related to vesting of restricted stock units	$ (2,302)			(2,302)
Issuance of common stock upon exercise of vested options (in shares)		317,769
Issuance of common stock upon exercise of vested options	227			227
Vesting of early exercised stock options and restricted stock awards	36			36
Stock-based compensation expense	9,467			9,467
Net loss	(18,994)				(18,624)		(370)
Foreign currency translation adjustment	(255)					(146)	(109)
Ending balance (in shares) at Mar. 31, 2024		180,011,227
Ending balance at Mar. 31, 2024	$ 256,597	$ 18		551,274	(299,262)	765	4,427
Treasury Stock, Ending balance (in shares) at Mar. 31, 2024			(625,000)
Beginning balance (in shares) at Dec. 31, 2023	176,899,814	176,899,814
Beginning balance at Dec. 31, 2023	$ 268,418	$ 18		543,846	(280,638)	911	4,906
Treasury Stock, Beginning balance (in shares) at Dec. 31, 2023	(157,193)		(625,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of early exercised stock options and restricted stock awards	$ 71
Net loss	(33,034)
Foreign currency translation adjustment	$ (331)
Ending balance (in shares) at Jun. 30, 2024	182,670,074	182,670,074
Ending balance at Jun. 30, 2024	$ 249,474	$ 19		558,266	(312,986)	721	4,079
Treasury Stock, Ending balance (in shares) at Jun. 30, 2024	(157,193)		(625,000)
Beginning balance (in shares) at Mar. 31, 2024		180,011,227
Beginning balance at Mar. 31, 2024	$ 256,597	$ 18		551,274	(299,262)	765	4,427
Treasury Stock, Beginning balance (in shares) at Mar. 31, 2024			(625,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon release of restricted stock units (in shares)		3,057,758
Issuance of common stock upon release of restricted stock units	0	$ 1		(1)
Tax withholding related to vesting of restricted stock units (in shares)		(563,421)
Tax withholding related to vesting of restricted stock units	(1,135)			(1,135)
Issuance of common stock upon exercise of vested options (in shares)		174,659
Issuance of common stock upon exercise of vested options	234			234
Repurchase of early exercised stock options (in shares)		(10,149)
Vesting of early exercised stock options and restricted stock awards	35			35
Stock-based compensation expense	7,859			7,859
Net loss	(14,040)				(13,724)		(316)
Foreign currency translation adjustment	$ (76)					(44)	(32)
Ending balance (in shares) at Jun. 30, 2024	182,670,074	182,670,074
Ending balance at Jun. 30, 2024	$ 249,474	$ 19		$ 558,266	$ (312,986)	$ 721	$ 4,079
Treasury Stock, Ending balance (in shares) at Jun. 30, 2024	(157,193)		(625,000)

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statement of Cash Flows	3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Cash flows from operating activities:
Net loss	$ (25,100,000)	$ (33,034,000)	$ (46,361,000)
Adjustments to reconcile net loss to net cash used in operations:
Share-based compensation		17,326,000	16,210,000
Depreciation and amortization		3,597,000	3,536,000
Amortization of right-of-use assets		1,305,000	1,579,000
Allowance for doubtful accounts		216,000	171,000
Impairment of right-of-use assets	0	186,000	0
Loss on impairment of long lived assets		0	536,000
Change in fair value of warrant liabilities	3,790,000	(6,727,000)	3,622,000
Changes in operating assets and liabilities:
Accounts receivable		(673,000)	(1,313,000)
Prepaid expenses and other assets		(4,228,000)	219,000
Accounts payable		62,000	(1,229,000)
Accrued expenses and other liabilities		(1,854,000)	1,288,000
Accrued compensation and benefits		(1,926,000)	(7,514,000)
Operating lease liabilities		(1,046,000)	(2,081,000)
Other		(10,000)	0
Net cash used in operating activities		(26,806,000)	(31,337,000)
Cash flows from investing activities:
Receipts of term deposit maturities		6,559,000	0
Purchases of property and equipment		(667,000)	(99,000)
Purchases of term deposits		0	(2,665,000)
Net cash provided by (used in) investing activities		5,892,000	(2,764,000)
Cash flows from financing activities:
Proceeds from exercise of options		461,000	330,000
Taxes withheld and paid related to net share settlement of equity awards		(3,437,000)	(557,000)
Net cash used in financing activities		(2,976,000)	(227,000)
Effect of changes in currency exchange rates on cash and cash equivalents		(331,000)	175,000
Net decrease in cash and cash equivalents		(24,221,000)	(34,153,000)
Cash, cash equivalents and restricted cash, beginning of the period		145,785,000	194,965,000
Cash, cash equivalents and restricted cash, end of the period	160,812,000	121,564,000	160,812,000
Reconciliation of cash, cash equivalents and restricted cash to the amounts reported within the consolidated balance sheets
Cash and cash equivalents	159,526,000	120,475,000	159,526,000
Restricted cash	1,286,000	1,089,000	1,286,000
Total cash, cash equivalents and restricted cash, end of the period	160,812,000	121,564,000	160,812,000
Supplemental disclosure of non-cash investing and financing activities:
Lease liabilities arising from obtaining right-of-use assets		4,506,000	0
Vesting of early exercised stock options and restricted stock awards	$ 67,000	71,000	198,000
Property and equipment purchases not yet paid		13,000	0
Issuance of common stock upon release of restricted stock units		$ 1,000	$ 0

Organization and Description of

Organization and Description of Business	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business Forge Global Holdings, Inc. (the “Company” and f/k/a Motive Capital Corp) is a financial services platform headquartered in San Francisco, California. The Company offers a trusted trading platform, proprietary data, and insights to inform investment strategies, along with custody services to help companies, stockholders, institutions, and accredited investors confidently navigate and transact in the private market. The Company's scaled and integrated business model is at the nexus of the private market ecosystem, which it believes creates a sustaining competitive advantage fueling its customers' participation in the private market and the Company's growth. On March 21, 2022 (the “Closing Date”), the Company consummated the Business Combination (as defined below) pursuant to the terms of the Agreement and Plan of Merger dated September 13, 2021 (the "Merger Agreement"), by and among Motive Capital Corp, a blank check company incorporated as a Cayman Islands exempted company in 2020 (“MOTV”), FGI Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of MOTV (“Merger Sub”), and Forge Global, Inc., a Delaware corporation (“Legacy Forge”). Pursuant to the Merger Agreement, on the Closing Date, immediately prior to the consummation of the Business Combination, MOTV changed its jurisdiction of incorporation from the Cayman Islands to the State of Delaware and changed its corporate name to "Forge Global Holdings, Inc." (the “Domestication”). On the Closing Date, Merger Sub merged with and into Legacy Forge (the "Merger"), with Legacy Forge surviving the Merger as a direct, wholly-owned subsidiary of the Company (together with the Merger, the Domestication, and the other transactions contemplated by the Merger Agreement, the “Business Combination”). The Merger was accounted for as a reverse recapitalization with Legacy Forge being the accounting acquirer and MOTV as the acquired company for accounting purposes. The shares and net loss per common share prior to the Merger were 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 3.122931 shares of the Company’s common stock, including all shares of Legacy Forge preferred stock, which were converted to shares of Legacy Forge's Class A common stock immediately prior to the Merger). See Note 3, "Capitalization" for additional information.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries and have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). All intercompany balances and transactions have been eliminated in consolidation. In the normal course of business, the Company has transactions with various investment entities. In certain instances, the Company provides investment advisory services to pooled investment vehicles (each, an “Investment Fund”). The Company does not have discretion to make any investment, except for the specific investment for which an Investment Fund was formed. The Company performs an assessment to determine (a) whether the Company’s investments or other interests will absorb portions of a variable interest entity’s expected losses or receive portions of the entity’s expected residual returns and (b) whether the Company’s involvement, through holding interests directly or indirectly in the entity, would give it a controlling financial interest. The Company consolidates entities in which it, directly or indirectly, is determined to have a controlling financial interest. The Company has a majority ownership interest in Forge Europe GmbH ("Forge Europe") and accounts for Forge Europe as a fully consolidated subsidiary. The remaining interest, held by Deutsche Börse Aktiengesellschaft ("DBAG"), is reported as a noncontrolling interest in the unaudited condensed consolidated financial statements. DBAG is a related party of the Company. 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, 2023, that have had a material impact on these unaudited condensed consolidated financial statements and related notes. 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. Unaudited Interim Condensed Consolidated Financial Information The accompanying interim condensed consolidated financial statements as of June 30, 2024 and for the three and six months ended June 30, 2024 and 2023, 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, 2023 (the “audited consolidated financial statements”) that were included in the Company’s Annual Report on Form 10-K filed on March 26, 2024, 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 June 30, 2024 and its condensed consolidated results of operations and cash flows for the three and six months ended June 30, 2024 and 2023. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results expected for the year ending December 31, 2024 or any other future interim or annual periods. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affe ct the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Such management estimates include, but are not limited to, collectability of accounts receivable, the fair value of financial assets and liabilities, 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 derived service period for the awards containing market-based vesting conditions, and the valuation of deferred tax assets. These estimates are inherently subjective in nature and, therefore, actual results may differ from the Company’s estimates and assumptions. The Company bases its estimates on historical experience and also on assumptions that it believes are reasonable. Further, the Company applies judgment in determining whether, directly or indirectly, it has a controlling financial interest in the Investment Funds, in order to conclude whether any of the Investment Funds must be consolidated. The Company believes the estimates and assumptions underlying the unaudited condensed consolidated financial statements are reasonable and supportable based on the information available as of June 30, 2024. 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. Goodwill and Other Intangible Assets, Net Goodwill represents the excess of the aggregate fair value of the consideration transferred in a business combination over the fair value of the assets acquired, net of liabilities assumed. Goodwill is not amortized but is tested for impairment annually on October 1, or more frequently if events or changes in circumstances indicate the goodwill may be impaired. The Company's 2023 annual goodwill impairment test resulted in no goodwill impairment. Acquired intangible assets also consist of identifiable intangible assets, primarily software technology, launched in-process research and development ("IPR&D") asset, website, trade name, and customer relationships, resulting from business acquisitions. Finite-lived intangible assets are recorded at fair value on the date of acquisition and are amortized over their estimated useful lives. The Company bases the useful lives and related amortization expense on its estimate of the period that the assets will generate revenues or otherwise be used. Concentration of Credit Risks The Company’s exposure to credit risk associated with its contracts with holders of private company equity (“sellers”) and investors (“buyers”) related to the transfer of private securities is measured on an individual counterparty basis. 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 June 30, 2024 and December 31, 2023, the Company did not have any material concentrations of credit risk outside the ordinary course of business. As of June 30, 2024 and December 31, 2023, 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 six months ended June 30, 2024 and 2023. Revenue by Geographic Location For the three and six months ended June 30, 2024 and 2023, revenue outside of the United States (including U.S. territories), based on customer billing addres s, was $1.8 million , $3.3 million , $1.0 million, and $1.9 million, respectively. Comprehensive Loss Comprehensive loss consists of Net loss and Other comprehensive income or loss. The Company's Other comprehensive income or loss is comprised of foreign currency translation gains and losses. Accumulated other comprehensive loss, as presented in the condensed consolidated financial statements, consists of changes in unrealized gains and losses on foreign currency translation.

Capitalization

Capitalization	6 Months Ended
	Jun. 30, 2024
Capitalization [Abstract]
Capitalization	Capitalization Common Stock Prior to the Merger, Legacy Forge was authorized to issue up to 257,968,554 shares of its capital stock, of which 171,153,360 shares were designated as Class AA common stock. Merger Transaction On the Closing Date, and in accordance with the terms and subject to the conditions of the Merger Agreement, each share of Legacy Forge Class AA common stock, par value $0.00001 per share, was canceled and converted into the right to receive the applicable portion of the merger consideration comprised of the Company’s common stock, par value $0.0001 per share, based on the Exchange Ratio. 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 symbols “FRGE” and “FRGE WS”, respectively. On July 11, 2022, all such publicly listed warrants were redeemed and delisted from the NYSE. Additionally, on the Closing Date, 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. As of June 30, 2024, the Company had authorized 2,000,000,000 and 100,000,000 shares of common stock and preferred stock, respectively, and the Company had 182,670,074 shares of common stock and no shares of preferred stock issued and outstanding.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Financial instruments consist of cash equivalents, restricted cash, term deposits, accounts receivable, accounts payable, accrued liabilities, payment-dependent notes receivable, payment-dependent notes payable, and warrant liabilities. Cash equivalents, term deposits, 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 these financial instruments are held to the expected receipt or payment date. The Company classifies money market funds within Level 1 of the fair value hierarchy because the Company values these investments using quoted market prices. The Company classifies term deposits as level 2 of the fair value hierarchy because these investments are valued using observable market inputs without quoted market prices. The Company classifies the December 2023 Warrants (as defined herein) within level 2 of the fair value hierarchy as these warrants are valued using a Black-Scholes option-pricing model with observable market inputs. The Company classifies Payment-dependent notes receivable and payable and its Private Placement Warrants (as defined herein) as Level 3 of the fair value hierarchy as the fair value measurements are based on valuation techniques that use significant inputs that are unobservable which are described in more detail below. The following tables present the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis (in thousands): As of June 30, 2024 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 73,766 $ — $ — $ 73,766 Term deposits (less than 90 days) — 6,459 — 6,459 Term deposits (greater than 90 days) (1)(2) — 1,047 — 1,047 Payment-dependent notes receivable, non-current — — 6,758 6,758 Total financial assets $ 73,766 $ 7,506 $ 6,758 $ 88,030 Payment-dependent notes payable, non-current $ — $ — $ 6,758 $ 6,758 December 2023 Warrants (3) — 1,042 — 1,042 Private Placement Warrants — — 1,847 1,847 Total financial liabilities $ — $ 1,042 $ 8,605 $ 9,647 As of December 31, 2023 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 130,132 $ — $ — $ 130,132 Term deposits (less than 90 days) — 2,221 — 2,221 Payment-dependent notes receivable, non-current — — 5,593 5,593 Term deposits (greater than 90 days) (1)(2) — 7,694 — 7,694 Total financial assets $ 130,132 $ 9,915 $ 5,593 $ 145,640 Payment-dependent notes payable, non-current $ — $ — $ 5,593 $ 5,593 December 2023 Warrants (3) — 4,889 — 4,889 Private Placement Warrants — — 4,727 4,727 Total financial liabilities $ — $ 4,889 $ 10,320 $ 15,209 (1) Included in Prepaid expenses and other current assets on the unaudited condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023. (2) Includes $0.6 million and $1.0 million term deposits required to fulfill the Company's obligations in connection with real estate lease agreements as of June 30, 2024 and December 31, 2023, respectively. (3) On December 18, 2023, the then outstanding Junior Preferred Stock Warrants were modified and replaced with the December 2023 Warrants. See Note 10, "Warrants" for additional information. Payment-Dependent Notes Receivable and Payment-Dependent Notes Payable The Company classifies 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 the fair value of payment-dependent notes receivable and payment-dependent notes payable utilizing completed transactions made through the Company’s platform for the relevant private securities as well as mutual fund valuations of private companies as relevant data inputs. Private Placement Warrants The Company classifies the Private Placement Warrants within Level 3 due to the valuation technique used to estimate fair value. T he Company used a combination of a Monte Carlo simulation and a binomial lattice model to estimate the fair value of the Private Placement Warrants. The Monte Carlo simulation was used for June 30, 2024 and a combination of the binomial lattice model Monte Carlo simulation was used for December 31, 2023 . T he Company estimated the fair value of the Private Placement Warrant liabilities, as of June 30, 2024 and December 31, 2023, respectively, using the following key assumptions: June 30, December 31, Fair value of underlying securities $ 1.46 $ 3.43 Expected term (years) 2.7 3.2 Expected volatility 115.0% 117.0% Risk-free interest rate 4.6% 4.0% Expected dividend yield 0.0% 0.0% Fair value per warrant $ 0.25 $ 0.64 The Company recorded changes in the fair value of the liability related to the Private Placement Warrants for the three and six months ended June 30, 2024 , and 2023, as follows: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Balance as of beginning of period $ 3,102 $ 190 $ 4,727 $ 222 Change in fair value of warrant liability (1) (1,255) 2,570 (2,880) 2,538 Balance as of June 30, $ 1,847 $ 2,760 $ 1,847 $ 2,760 (1) The change in fair value of warrant liability is recorded in the unaudited condensed consolidated statements of operations within Change in fair value of warrant liabilities. 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. On December 18, 2023, the Junior Preferred Stock Warrants (as defined herein) were modified and replaced with the December 2023 Warrants and transferred from Level 3 to Level 2 upon modification as these warrants are valued using a Black-Scholes Option pricing model using observable market inputs. See Note 10, "Warrants" for additional information. 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 six months ended June 30, 2024 and 2023, there were no transfers of securities into or out of Level 3. The following tables provide reconciliation for all financial assets and liabilities measured at fair value using significant unobservable inputs (Level 3) for the six months ended June 30, 2024 and 2023 (in thousands): Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2023 $ 5,593 $ 10,320 Change in fair value of payment-dependent notes receivable 1,165 — Change in fair value of payment-dependent notes payable — 1,165 Change in fair value of Private Placement Warrants — (2,880) Balance as of June 30, 2024 $ 6,758 $ 8,605 Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2022 $ 7,371 $ 7,977 Change in fair value of payment-dependent notes receivable (1,541) — Change in fair value of payment-dependent notes payable — (1,541) Change in fair value of Junior Preferred Stock Warrants (1) — 1,084 Change in fair value of Private Placement Warrants — 2,538 Balance as of June 30, 2023 $ 5,830 $ 10,058 (1) On December 18, 2023, the Junior Preferred Stock Warrants were modified and replaced with the December 2023 Warrants and transferred from Level 3 to Level 2 upon modification as these warrants are valued using a Black-Scholes Option pricing model using observable market inputs. See Note 10, "Warrants"

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet Components	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidated Balance Sheet Components	Condensed Consolidated Balance Sheet Components Accounts Receivable, net Accounts receivable and allowance for doubtful accounts consisted of the following (in thousands): June 30, 2024 December 31, 2023 Accounts receivable $ 5,801 $ 5,128 Allowance for doubtful accounts (1,277) (1,061) Accounts receivable, net $ 4,524 $ 4,067 During the three and six months ended June 30, 2024 , the Company increased the allowance for doubtful accounts by $0.1 million and $0.2 million, respectively. During the three and six months ended June 30, 2023, the Company increased the allowance for doubtful accounts by less than $0.1 million and $0.2 million, respectively. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): June 30, 2024 December 31, 2023 Indemnity escrow receivable (1) $ 3,003 $ 1,581 Prepaid insurance 2,367 1,084 Prepaid software 1,804 1,484 Term deposits (greater than 90 days) 1,047 7,694 Other prepaid expenses 755 801 Other current assets 1,954 609 Prepaid expenses and other current assets $ 10,930 $ 13,253 (1) As of June 30, 2024 and December 31, 2023 , the Company had an indemnity escrow receivable of $3.0 million and $1.6 million, respectively, in prepaid expenses and other current assets on the unaudited condensed consolidated balance sheets , which it expects to collect from the escrow related to the acquisition of IRA Services, Inc. Internal-Use Software, Property and Equipment, Net Internal-use software, property and equipment, net consisted of the following (in thousands): June 30, December 31, Capitalized internal-use software $ 8,995 $ 9,000 Leasehold improvements 1,208 866 Furniture and fixtures 535 485 Computer equipment 163 125 $ 10,901 $ 10,476 Less: accumulated depreciation and amortization (6,908) (5,284) Internal-use software, and property and equipment, net $ 3,993 $ 5,192 The Company recorded depreciation expense related to property and equipment of $0.2 million and $0.3 million for the three and six months ended June 30, 2024 and less than $0.1 million and $0.1 million for the three and six months ended June 30, 2023 . As of June 30, 2024 and December 31, 2023, long-lived assets located outside of the United States were not material. For the three and six months ended June 30, 2024, the Company recorded amortization expense on capitalized internal-use software placed in service of $0.6 million and $1.4 million . For the three and six months ended June 30, 2023 , the Company recorded amortization expense on capitalized internal-use software placed in service of $0.7 million and $1.4 million. There were no impairments on capitalized internal-use software for the three and six months ended June 30, 2024. For the three and six months ended June 30, 2023 , the Company recorded impairment losses of $0.0 million and $0.5 million, respectively, related to the capitalized costs of internally developed software. Impairments are recorded in general and administrative expense within the unaudited condensed consolidated statements of operations. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following (in thousands): June 30, December 31, Payable to client (1) $ 1,669 $ 1,693 Accrued taxes and deferred tax liabilities 1,384 1,479 Accrued other professional services 790 696 Accrued legal (2) 688 2,470 Common stock unvested liability 147 223 Other current liabilities (3) 2,140 2,300 Total $ 6,818 $ 8,861 (1) Payable to client represents funds held on account for the benefit of custodial customers. (2) Accrued legal included regular recurring legal fees and accruals for loss contingencies. See Note 8, "Commitments and Contingencies" for additional information. (3) The Company includes contract liabilities within Other current liabilities on the condensed consolidated balance sheets. Contract liabilities consist of deferred revenue, which relates to amounts invoiced in advance of performance under a revenue contract. The total contract liabilities related to advance billings for data subscriptions of $0.9 million and $0.4 million as of June 30, 2024 and December 31, 2023, respectively, are recorded in accrued expenses and other current liabilities on the unaudited condensed consolidated balance sheets . The Company recognized $0.2 million and $0.3 million of revenue during the three and six months ended June 30, 2024 that was included in deferred revenue recorded in accrued expenses and other current liabilities at December 31, 2023.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net The components of goodwill and intangible assets and accumulated amortization are as follows (in thousands): As of June 30, 2024 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions Indefinite $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 0.3 years 13,200 (12,213) 987 Customer relationships 5.1 years 7,507 (4,137) 3,370 Launched in-process research and development assets 2.2 years 960 (528) 432 Total finite-lived intangible assets 21,667 (16,878) 4,789 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets $ 144,839 $ (16,878) $ 127,961 As of December 31, 2023 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions Indefinite $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 0.8 years 13,200 (10,820) 2,380 Customer relationships 5.4 years 7,507 (3,669) 3,838 Launched in-process research and development assets 2.7 years 960 (431) 529 Total finite-lived intangible assets 21,667 (14,920) 6,747 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets $ 144,839 $ (14,920) $ 129,919 Amortization expense related to finite-lived intangible assets for the three and six months ended June 30, 2024 was $1.0 million and $2.0 million, respectively, and is included in depreciation and amortization expense in the accompanying unaudited condensed consolidated statements of operations . Amortization expense related to finite-lived intangible assets for the three and six months ended June 30, 2023 was $1.0 million and $2.0 million, respectively, and is included in depreciation and amortization expense in the accompanying unaudited condensed consolidated statements of operations . The table below presents estimated future amortization expense for finite-lived intangible assets as of June 30, 2024 (in thousands): Amount Remainder of 2024 $ 1,505 2025 802 2026 754 2027 610 2028 610 Thereafter 508 Total $ 4,789

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Leases The Company leases real estate for office space under operating leases. As of June 30, 2024, the remaining lease terms varied from 0.25 to 5.1 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, were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating lease expense $ 923 $ 834 $ 1,706 $ 1,792 Variable lease expense 97 223 201 472 Total operating lease expenses (1) $ 1,020 $ 1,057 $ 1,907 $ 2,264 Sublease income (2) $ 95 $ 226 $ 191 $ 452 (1) Operating lease expense is included in rent and occupancy in the unaudited condensed consolidated statements of operations. (2) Sublease income is included in other income (expenses), net in the unaudited condensed consolidated statements of operations. As of June 30, 2024 and December 31, 2023, the weighted-average remaining lease term was 4.3 and 1.9 years, respectively. As of June 30, 2024 and December 31, 2023, the weighted-average discount rate was 7.1% and 7.0% , respectively. The Company entered into a new office lease which commenced on March 8, 2024, and recorded a right-of-use asset and liability of $4.5 million . During the six months ended June 30, 2024 , it was determined that office space under an existing lease would no longer be used and the associated right-of-use asset was reduced to $0 and an impairment of $0.2 million was recognized in rent and occupancy expense in the unaudited condensed consolidated statements of operations . There were no right-of-use impairments recognized during the three and six months ended June 30, 2023 . Future undiscounted lease payments under operating leases as of June 30, 2024, were as follows (in thousands) : Lease Payment Obligation Sublease Income Net Lease Obligation Remaining 2024 $ 1,817 $ (180) $ 1,637 2025 3,864 (210) 3,654 2026 1,084 — 1,084 2027 1,117 — 1,117 2028 1,150 — 1,150 2029 888 — 888 Total undiscounted lease payments $ 9,920 $ (390) $ 9,530 Less: imputed interest (1,237) Present value of future lease payments 8,683 Less: operating lease liabilities, current 3,357 Operating lease liabilities, noncurrent $ 5,326 As of June 30, 2024, the Company did not have any lease contracts that had not yet commenced.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
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 may also be the subject of inquiries, investigations, and proceedings by regulatory and other governmental agencies. The Company reviews these matters on an ongoing basis and provides disclosures and records loss contingencies in accordance with the loss contingencies accounting guidance. The Company establishes an accrual for losses at management’s best estimate when the Company assesses that it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. If no amount within the range is considered a better estimate than any other amount, an accrual for losses is recorded based on the bottom amount of the range. The Company's accrual for probable and estimable loss contingencies was $0.0 million and $1.9 million as of June 30, 2024 and December 31, 2023, respectively, and is recorded in accrued expenses and other current liabilities on the unaudited condensed consolidated balance sheets and expensed in general and administrative expenses in the unaudited condensed consolidated statements of operations. The Company monitors these matters for developments that would affect the likelihood of a loss and the accrued amount, if any, and adjusts the amount as appropriate. Legal Proceedings The Company is involved in a legacy matter arising prior to the Company’s October 2019 acquisition of IRA Services, Inc. On May 6, 2019, IRA Services, Inc. was named as a defendant in a matter (see Todd Allen Yancey v. Edwin Blue, et al., case no. 19-civ-0251, as amended) alleging claims including conversion, breach of oral contract, breach of fiduciary duty, and fraudulent misrepresentation. On June 27, 2024, the trial court entered a judgment that Forge Services, Inc. is not a successor-in-interest to IRA Services, Inc. and as such, the Company is no longer a party to this matter. Costs incurred by the Company in its defense are recoverable from the escrow related to the acquisition of IRA Services, Inc. See Note 5, "Consolidated Balance Sheet Components", for additional information. On March 29, 2023, the Company was named as a defendant in a lawsuit brought in a case captioned Alta Partners, LLC v. Forge Global Holdings, Inc., No. 1:23-cv-2647 in the United States District Court for the Southern District of New York. On June 21, 2023, Plaintiff filed an amended complaint in the action. In May 2024, the parties settled this matter. In January 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. In December 2023, the parties settled this matter . 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 $6,900. During the three and six months ended June 30, 2024, the Company recorded 401(k) contribution expense related to the defined contribution plan of $0.3 million and $0.5 million in compensation and benefits in the unaudited condensed consolidated statements of operations. During the three and six months ended June 30, 2023 , the Company recorded 401(k) contribution expense related to the defined contribution plan $0.2 million and $0.5 million, respectively, in compensation and benefits in the unaudited condensed consolidated statements of operations. Non-Cancelable Purchase Obligations In the normal course of business, the Company enters into non-cancelable purchase commitments with various parties mainly for its operating leases, software products, and services. As of June 30, 2024, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer, excluding operating lease obligations (see Note 7, "Leases," for additional information), as follows: Amount Remainder of 2024 $ 565 2025 936 2026 886 2027 350 2028 — Thereafter — Total $ 2,737

Regulatory

Regulatory	6 Months Ended
	Jun. 30, 2024
Broker-Dealer [Abstract]
Regulatory	Regulatory We operate in a highly regulated environment and are subject to capital requirements, which may limit distributions to our company from its subsidiaries. Forge Securities LLC ("Forge Securities"), a wholly-owned subsidiary of the Company, is subject to SEC Uniform Net Capital Rule (Rule 15c3-1) which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. As such, Forge Securities is subject to the minimum net capital requirements promulgated by the SEC and has elected to calculate minimum capital requirements using the basic method permitted by Rule 15c3-1. As of June 30, 2024, Forge Securities had net capital of $16.2 million, which was $15.7 million in excess of its required net capital of $0.5 million . Forge Trust Co., a wholly-owned subsidiary of the Company, is subject to South Dakota state trust regulatory requirements. South Dakota state legislature 51A-61-19.2 requires public trust companies registered within the state boundaries to pledge funds for the security of the trust creditors. Forge Trust Co. had $1.1 million

Warrants

Warrants	6 Months Ended
	Jun. 30, 2024
Warrants [Abstract]
Warrants	Warrants December 2023 Warrants and Warrants to Purchase Junior Preferred Stock In November 2020, in connection with the SharesPost acquisition, Legacy Forge issued a total of 3,122,931 warrants (“Junior Preferred Stock Warrants”) to purchase shares of Legacy Forge's Junior Preferred Stock at an exercise price of $3.9760 per share, with a cap of extended value of $5.0 million. The Junior Preferred Stock Warrants have a five-year contractual life and may be exercised at any time during that period. Prior to the Merger, the warrants were classified as a liability in the unaudited condensed consolidated balance sheets, as the Company's obligation with respect to these warrants was capped at a fixed monetary amount of $5.0 million and could be settled in a variable number of common shares. The Company remeasured the warrants at each balance sheet date using a hybrid method. Subsequent to the Merger, the Junior Preferred Stock Warrants were converted into the Company's common stock warrants. As a result, the Junior Preferred Stock Warrants were adjusted to fair value prior to conversion and remain classified as a liability. During the year ended December 31, 2022, 491,785 Junior Preferred Stock Warrants were net exercised in exchange for 123,379 shares of common stock. In December 2023, the Company modified a total of 2,631,146 Junior Preferred Stock Warrants (the "December 2023 Warrants"). The December 2023 Warrants were issued at an exercise price of $3.9760 per share, with a cap of extended value of $5.0 million when net exercised, and without a cap when cash exercised. The December 2023 Warrants remain classified as a liability The Company recorded a gain of $1.0 million and $3.8 million for the December 2023 Warrants related to change in fair value of warrant liabilities within the Company's unaudited condensed consolidated statements of operations during the three and six months ended June 30, 2024, respectively. The Company recorded a loss of $1.2 million and loss of $1.1 million for the Junior Preferred Stock Warrants as change in fair value of warrant liabilities in the Company's unaudited condensed consolidated statements of operations during the three and six months ended June 30, 2023 , respectively. Private Placement Warrants As the accounting acquirer, Legacy Forge is deemed to have assumed 7,386,667 warrants for Class A common stock that were held by Motive Capital Funds Sponsor, LLC (the “Sponsor”) at an exercise price of $11.50 (the "Private Placement Warrants"). 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 , covering the shares of common stock issuable upon exercise of the warrants and a current prospectus relating to them is available. The warrants expire five years after the completion of the Business Combination, or earlier upon redemption or liquidation. All of the Private Placement Warrants are still outstanding as of June 30, 2024. Subsequent to the Merger, the Private Placement Warrants met liability classification requirements since the warrants may be required to be settled in cash under a tender offer and are potentially subject to a different settlement amount as a result of being held by the Sponsor which precludes the Private Placement Warrants from being considered indexed to the entity's own stock. Therefore, these warrants are classified as liabilities on the unaudited condensed consolidated balance sheets . The Company recorded gains of $1.3 million and $2.9 million in fair value of warrant liabilities in the Company's unaudited condensed consolidated statements of operations during the three and six months ended June 30, 2024, respectively, and losses of $2.6 million and $2.5 million during the three and six months ended June 30, 2023 , respectively.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2024
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, 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, restricted stock units (“RSUs”) and other forms of share-based awards. The Company has authorized 23,383,325 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 Company has authorized the issuance of 7,566,607 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: June 30, December 31, Warrants to purchase common stock 3,282,652 3,282,652 Stock options issued and outstanding under 2018 Plan 7,219,729 7,813,366 Shares available for grant under 2022 Plan (1) 1,411,139 2,052,669 RSUs issued and outstanding under 2022 Plan 15,610,442 17,434,138 Shares available for grant under 2022 ESPP 7,566,607 5,797,609 Outstanding Private Placement Warrants 7,386,667 7,386,667 Total shares of common stock reserved 42,477,236 43,767,101 (1) To the extent outstanding options granted under the 2018 Plan are cancelled, forfeited, or otherwise terminated without being exercised and would have been returned to the share reserve under the 2018 Plan following the closing date of the Merger, the number of shares of common stock underlying such awards will be available for future awards under the 2022 Plan. Stock Compensation The stock compensation for the periods indicated below are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 RSUs Time-based $ 6,380 $ 6,016 $ 13,675 $ 10,524 Performance-based 637 133 802 133 Market-based 66 1,323 1,273 2,625 Total RSUs 7,083 7,472 15,750 13,282 Stock options 776 1,337 1,576 2,928 Total stock compensation $ 7,859 $ 8,809 $ 17,326 $ 16,210 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 six months ended June 30, 2024 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, 2023 7,813,366 $ 2.06 6.0 $ 14,929 Exercised (487,875) 0.94 Cancelled/Forfeited/Expired (105,762) 3.88 Balance as of June 30, 2024 7,219,729 $ 2.11 5.6 $ 3,670 Vested and exercisable as of June 30, 2024 6,523,921 $ 2.03 5.4 $ 3,560 There were no stock options granted during the three and six months ended June 30, 2024 and 2023. The total grant date fair value of stock options vested during the three and six months ended June 30, 2024 was $0.8 million and $1.6 million, respectively. The total grant date fair value of stock options vested during the three and six months ended June 30, 2023 was $1.8 million and $3.0 million, respectively. The total intrinsic value of options exercised during the three and six months ended June 30, 2024 were $0.1 million and $0.6 million, respectively. The total intrinsic value of options exercised during the three and six months ended June 30, 2023 were $0.3 million and $0.4 million, respectively. Unrecognized share-based compensation expense for unvested stock options granted and outstanding as of June 30, 2024, is $2.6 million, which is to be recognized over a weighted-average period of 1.0 years . 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 June 30, 2024 and December 31, 2023, the cash proceeds received for unvested shares of common stock recorded within accrued expenses and other current liabilities in the unaudited condensed consolidated balance sheets wer e $0.1 million a nd $0.2 million , respectively, which will be transferred to additional paid-in capital upon vesting. RSUs The Company’s RSUs are convertible into shares of the Company’s common stock upon vesting on a one-to-one basis. RSUs generally vest upon the satisfaction of service-based vesting conditions. RSUs granted to certain executives also contain market or performance-based vesting conditions, which vest on attainment of specified stock prices or certain performance metrics. The RSUs generally vest over the service period of one RSU activity during the six months ended June 30, 2024, was as follows: RSUs Service-based Performance-based (2) Market-based (3) Weighted Average Grant Date Fair Value Unvested as of December 31, 2023 17,434,138 12,351,544 1,805,550 3,277,044 $ 4.30 Granted 7,120,496 5,652,327 1,468,169 — 2.02 Vested (1) (7,888,131) (6,384,053) (1,035,071) (469,007) 4.00 Forfeited (1,056,061) (839,392) (216,669) — 6.45 Unvested as of June 30, 2024 15,610,442 10,780,426 2,021,979 2,808,037 $ 3.26 (1) Common stock has not been issued in connection w ith 1,091,908 vested RSUs because such RSUs were unsettled as of June 30, 2024. These RSUs will be settled by December 31, 2024. (2) For performance-based awards granted in 2024, the performance condition was not met as of June 30, 2024. (3) Market-based RSUs consist of CEO RSUs and Executive Retention RSUs as defined in the Company’s Annual Report on Form 10-K filed on March 26, 2024. Future share-based compensation expense for unvested RSUs as of June 30, 2024 was $30.6 million , which is to be recognized over a weighted-average period of 1.7 years. Modifications In May 2024, the Company accelerated vesting of 228,575 RSUs in connection with the termination of one of its executives. As a result, the Company recognized share-based compensation expense of $0.6 million . Upon subsequent transition to a consultant under a consulting agreement, the former executive was eligible to vest in up to 403,249 RSUs over the duration of the consulting period. Under the terms of ASC 718, the former executive was not obliged to perform substantive consulting services to the Company for the continued vesting of RSUs, thus the Company recognized an additional share-based compensation expense of $0.6 million, calculated by using the fair value of the Company's stock price as of the date of modification.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate from continuing operations was 2.1% and 1.6% for the three and six months ended June 30, 2024, respectively. The Company’s effective tax rate from continuing operations was 1.2% and 1.0% for the three and six months ended June 30, 2023, respectively . The Company’s full valuation allowance in the United States, which is partially offset by state current taxes, 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	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Loss per Share	Net Loss per Share The Company has one class of common stock. The diluted net loss per share attributable to common stockholders is calculated by giving effect to all potentially dilutive common stock equivalents during the period using the two-class method. The Company’s stock options, warrants, and early exercised stock options are considered to be potential common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to common stockholders because the holders of these securities do not have a contractual right to share in the Company's losses, and their effect would be antidilutive. Therefore, the net loss for the three and six months ended June 30, 2024 and 2023, 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss attributable to Forge Global Holdings, Inc., basic $ (13,724) $ (24,889) $ (32,348) $ (46,077) Net loss attributable to common stockholders, diluted $ (13,724) $ (24,889) $ (32,348) $ (46,077) Denominator: Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic 182,681,065 173,289,549 181,680,268 172,565,508 Weighted-average number of shares used to compute net loss per share attributable to common stockholders, diluted 182,681,065 173,289,549 181,680,268 172,565,508 Net loss per share attributed to common stockholders: Basic $ (0.08) $ (0.14) $ (0.18) $ (0.27) Diluted $ (0.08) $ (0.14) $ (0.18) $ (0.27) The following potentially dilutive shares were excluded in the calculation of diluted shares outstanding as the effect would have been anti-dilutive: June 30, 2024 June 30, 2023 Warrants to purchase common stock (1) 3,282,652 3,282,652 Private Placement Warrants 7,386,667 7,386,667 Early exercised options 287,043 772,581 Outstanding options 7,219,729 8,768,567 Restricted stock units 15,610,442 20,023,275 Total 33,786,533 40,233,742 (1) Warrants to purchase common stock includes the December 2023 Warrants. See Note 10, "Warrants"

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions On September 7, 2022 the Company and DBAG formed Forge Europe. DBAG is a stockholder of the Company and one of the Company's directors is affiliated with DBAG. See Note 2, "Summary of Significant Accounting Policies" for additional information. Forge Global Advisors LLC ("FGA"), a wholly-owned subsidiary of the Company and an investment adviser registered under the Investment Advisers Act of 1940, as amended, advises investment funds, each of which are organized as a series of Forge Investments LLC and segregated portfolio companies of Forge Investments SPC and Forge Investments II SPC (such investment funds and portfolio companies are individually and collectively referred to as “Investment Funds”). The Investment Funds are each formed for the purpose of investing in securities relating to a single private company and are owned by different investors. FGA serves as the manager of the Forge Investments LLC series Investment Funds. The Company utilizes a third-party fund administrator to manage the Forge Investments SPC and Forge Investments II SPC Investment Funds. The Company has no ownership interest nor participation in the gains or losses of the Investment Funds. The Company does not consolidate Forge Investments LLC, Forge Investments SPC, Forge Investments II SPC, or any of the Investment Funds, because the Company has no direct or indirect interest in the Investment Funds and the amount of expenses the Company pays on behalf of the Investment Funds are not significant to the entities. Investors in the Investment Funds do not have any recourse to the assets of the Company. While not contractually required, FGA may, at its sole discretion, absorb certain expenses on behalf of the Investment Funds. Audit and accounting related services are recorded in professional services in the unaudited condensed consolidated statements of operations. Professional services expenses of $0.3 million and $0.7 million were recognized during the three and six months ended June 30, 2024. Professional services expenses of $0.6 million and $1.0 million were recognized during the three and six months ended June 30, 2023. A family member of one of the Company’s executive officers is a portfolio manager for investment funds that engage in secondary transactions with the Company and receive data services from the Company in the ordinary course of business. Such transactions became related party transactions upon the employee's appointment to executive officer in April 2023. For the three and six months ended June 30, 2024, aggregate marketplace revenue, less transaction-based expenses, that the Company received from the funds for such transactions was $0.0 million and less than $0.1 million, respectively. For the three and six months ended June 30, 2023, aggregate marketplace revenue, less transaction-based expenses, that the Company received from the funds for such transactions was less than $0.1 million and $0.2 million

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (13,724)	$ (24,889)	$ (32,348)	$ (46,077)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2024 shares	Jun. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Kelly Rodriques [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 17, 2024, Kelly Rodriques, the Company's Chief Executive Officer, adopted a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a "10b5-1 Plan"). Such 10b5-1 Plan provides for the potential sale of up to 600,000 shares of the Company's common stock. As permitted by Rule 10b5-1(c)(1)(ii)(D)(2), such 10b5-1 Plan shall only commence on the later of 1) 90 days after May 17, 2024, 2) two business days following the disclosure of the Company's financial results in this Report, or 3) after Mr. Rodriques' current 10b5-1 Plan adopted on June 2, 2023 (and subsequently amended on December 8, 2023) expires pursuant to its terms and without any action by Mr. Rodriques. The duration of the 10b5-1 Plan is until the earlier of August 31, 2025, when all transactions under the 10b5-1 Plan are completed, or Mr. Rodriques ceases to be an employee or director of the Company.
Name	Kelly Rodriques
Title	Chief Executive Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 17, 2024
Expiration Date	August 31, 2025
Arrangement Duration	381 days
Aggregate Available	600,000	600,000
Andrew Sievers [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 15, 2024, Andrew Sievers, the Company's Chief Operating Officer, terminated a 10b5-1 Plan previously adopted on December 15, 2023. Such 10b5-1 Plan provided for the potential sale of up to 225,000 shares of the Company's common stock. No shares were sold under this 10b5-1 Plan prior to its termination. On May 17, 2024, Mr. Sievers adopted a 10b5-1 Plan providing for the potential sale of up to 360,000 shares of the Company's common stock. The duration of the 10b5-1 Plan is until the earlier of September 30, 2025, when all transactions under the 10b5-1 Plan are completed, or Mr. Sievers ceases to be an employee or director of the Company.
Jennifer Phillips [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On June 14, 2024, Jennifer Phillips, the Company's Chief Revenue and Growth Officer, adopted a 10b5-1 Plan for the potential sale of up to 2,264,207 shares of the Company's common stock. The number of shares that may be sold under the 10b5-1 Plan may also be increased by the number of shares of the Company's common stock that are awarded to Ms. Phillips under the Company's equity compensation plans. As permitted by Rule 10b5-1(c)(1)(ii)(D)(2), such 10b5-1 Plan shall only commence on the later of 1) 90 days after June 14, 2024, 2) two business days following the disclosure of the Company's financial results in this Report, or 3) after Ms. Phillips' current 10b5-1 Plan adopted on September 22, 2022 (and subsequently amended on December 15, 2023) expires pursuant to its terms and without any action by Ms. Phillips. The duration of the 10b5-1 Plan is until the earlier of December 31, 2025 or when Ms. Phillips ceases to be an employee or director of the Company.
Name	Jennifer Phillips
Title	Chief Revenue and Growth Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	June 14, 2024
Expiration Date	December 31, 2025
Arrangement Duration	475 days
Aggregate Available	2,264,207	2,264,207
Andrew Sievers December 2023 Plan [Member] | Andrew Sievers [Member]
Trading Arrangements, by Individual
Name	Andrew Sievers
Title	Chief Operating Officer
Rule 10b5-1 Arrangement Terminated	true
Termination Date	May 15, 2024
Aggregate Available	225,000	225,000
Andrew Sievers May 2024 Plan [Member] | Andrew Sievers [Member]
Trading Arrangements, by Individual
Name	Mr. Sievers
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 17, 2024
Expiration Date	September 30, 2025
Arrangement Duration	501 days
Aggregate Available	360,000	360,000

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its subsidiaries and have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). All intercompany balances and transactions have been eliminated in consolidation.
Consolidation	In the normal course of business, the Company has transactions with various investment entities. In certain instances, the Company provides investment advisory services to pooled investment vehicles (each, an “Investment Fund”). The Company does not have discretion to make any investment, except for the specific investment for which an Investment Fund was formed. The Company performs an assessment to determine (a) whether the Company’s investments or other interests will absorb portions of a variable interest entity’s expected losses or receive portions of the entity’s expected residual returns and (b) whether the Company’s involvement, through holding interests directly or indirectly in the entity, would give it a controlling financial interest. The Company consolidates entities in which it, directly or indirectly, is determined to have a controlling financial interest. The Company has a majority ownership interest in Forge Europe GmbH ("Forge Europe") and accounts for Forge Europe as a fully consolidated subsidiary. The remaining interest, held by Deutsche Börse Aktiengesellschaft ("DBAG"), is reported as a noncontrolling interest in the unaudited condensed consolidated financial statements. DBAG is a related party of the Company. 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, 2023, that have had a material impact on these unaudited condensed consolidated financial statements
Segment Information	Segment Information
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affe ct the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Such management estimates include, but are not limited to, collectability of accounts receivable, the fair value of financial assets and liabilities, 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 derived service period for the awards containing market-based vesting conditions, and the valuation of deferred tax assets. These estimates are inherently subjective in nature and, therefore, actual results may differ from the Company’s estimates and assumptions. The Company bases its estimates on historical experience and also on assumptions that it believes are reasonable. Further, the Company applies judgment in determining whether, directly or indirectly, it has a controlling financial interest in the Investment Funds, in order to conclude whether any of the Investment Funds must be consolidated. The Company believes the estimates and assumptions underlying the unaudited condensed consolidated financial statements are reasonable and supportable based on the information available as of June 30, 2024. 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.
Goodwill and Other Intangible Assets, Net	Goodwill and Other Intangible Assets, Net Goodwill represents the excess of the aggregate fair value of the consideration transferred in a business combination over the fair value of the assets acquired, net of liabilities assumed. Goodwill is not amortized but is tested for impairment annually on October 1, or more frequently if events or changes in circumstances indicate the goodwill may be impaired. The Company's 2023 annual goodwill impairment test resulted in no goodwill impairment. Acquired intangible assets also consist of identifiable intangible assets, primarily software technology, launched in-process research and development ("IPR&D") asset, website, trade name, and customer relationships, resulting from business acquisitions. Finite-lived intangible assets are recorded at fair value on the date of acquisition and are amortized over their estimated useful lives. The Company bases the useful lives and related amortization expense on its estimate of the period that the assets will generate revenues or otherwise be used.
Concentration of Credit Risks	Concentration of Credit Risks
Comprehensive Loss	Comprehensive Loss Comprehensive loss consists of Net loss and Other comprehensive income or loss. The Company's Other comprehensive income or loss is comprised of foreign currency translation gains and losses. Accumulated other comprehensive loss, as presented in the condensed consolidated financial statements, consists of changes in unrealized gains and losses on foreign currency translation.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 73,766 $ — $ — $ 73,766 Term deposits (less than 90 days) — 6,459 — 6,459 Term deposits (greater than 90 days) (1)(2) — 1,047 — 1,047 Payment-dependent notes receivable, non-current — — 6,758 6,758 Total financial assets $ 73,766 $ 7,506 $ 6,758 $ 88,030 Payment-dependent notes payable, non-current $ — $ — $ 6,758 $ 6,758 December 2023 Warrants (3) — 1,042 — 1,042 Private Placement Warrants — — 1,847 1,847 Total financial liabilities $ — $ 1,042 $ 8,605 $ 9,647 As of December 31, 2023 Level 1 Level 2 Level 3 Total Cash and cash equivalents: Money market funds $ 130,132 $ — $ — $ 130,132 Term deposits (less than 90 days) — 2,221 — 2,221 Payment-dependent notes receivable, non-current — — 5,593 5,593 Term deposits (greater than 90 days) (1)(2) — 7,694 — 7,694 Total financial assets $ 130,132 $ 9,915 $ 5,593 $ 145,640 Payment-dependent notes payable, non-current $ — $ — $ 5,593 $ 5,593 December 2023 Warrants (3) — 4,889 — 4,889 Private Placement Warrants — — 4,727 4,727 Total financial liabilities $ — $ 4,889 $ 10,320 $ 15,209 (1) Included in Prepaid expenses and other current assets on the unaudited condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023. (2) Includes $0.6 million and $1.0 million term deposits required to fulfill the Company's obligations in connection with real estate lease agreements as of June 30, 2024 and December 31, 2023, respectively. (3) On December 18, 2023, the then outstanding Junior Preferred Stock Warrants were modified and replaced with the December 2023 Warrants. See Note 10, "Warrants" for additional information.
Fair Value Measurement Inputs and Valuation Techniques	T he Company estimated the fair value of the Private Placement Warrant liabilities, as of June 30, 2024 and December 31, 2023, respectively, using the following key assumptions: June 30, December 31, Fair value of underlying securities $ 1.46 $ 3.43 Expected term (years) 2.7 3.2 Expected volatility 115.0% 117.0% Risk-free interest rate 4.6% 4.0% Expected dividend yield 0.0% 0.0% Fair value per warrant $ 0.25 $ 0.64
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The Company recorded changes in the fair value of the liability related to the Private Placement Warrants for the three and six months ended June 30, 2024 , and 2023, as follows: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Balance as of beginning of period $ 3,102 $ 190 $ 4,727 $ 222 Change in fair value of warrant liability (1) (1,255) 2,570 (2,880) 2,538 Balance as of June 30, $ 1,847 $ 2,760 $ 1,847 $ 2,760 (1) The change in fair value of warrant liability is recorded in the unaudited condensed consolidated statements of operations within Change in fair value of warrant liabilities. The following tables provide reconciliation for all financial assets and liabilities measured at fair value using significant unobservable inputs (Level 3) for the six months ended June 30, 2024 and 2023 (in thousands): Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2023 $ 5,593 $ 10,320 Change in fair value of payment-dependent notes receivable 1,165 — Change in fair value of payment-dependent notes payable — 1,165 Change in fair value of Private Placement Warrants — (2,880) Balance as of June 30, 2024 $ 6,758 $ 8,605 Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2022 $ 7,371 $ 7,977 Change in fair value of payment-dependent notes receivable (1,541) — Change in fair value of payment-dependent notes payable — (1,541) Change in fair value of Junior Preferred Stock Warrants (1) — 1,084 Change in fair value of Private Placement Warrants — 2,538 Balance as of June 30, 2023 $ 5,830 $ 10,058 (1) On December 18, 2023, the Junior Preferred Stock Warrants were modified and replaced with the December 2023 Warrants and transferred from Level 3 to Level 2 upon modification as these warrants are valued using a Black-Scholes Option pricing model using observable market inputs. See Note 10, "Warrants"
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables provide reconciliation for all financial assets and liabilities measured at fair value using significant unobservable inputs (Level 3) for the six months ended June 30, 2024 and 2023 (in thousands): Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2023 $ 5,593 $ 10,320 Change in fair value of payment-dependent notes receivable 1,165 — Change in fair value of payment-dependent notes payable — 1,165 Change in fair value of Private Placement Warrants — (2,880) Balance as of June 30, 2024 $ 6,758 $ 8,605 Total Level 3 Financial Assets Total Level 3 Financial Liabilities Balance as of December 31, 2022 $ 7,371 $ 7,977 Change in fair value of payment-dependent notes receivable (1,541) — Change in fair value of payment-dependent notes payable — (1,541) Change in fair value of Junior Preferred Stock Warrants (1) — 1,084 Change in fair value of Private Placement Warrants — 2,538 Balance as of June 30, 2023 $ 5,830 $ 10,058 (1) On December 18, 2023, the Junior Preferred Stock Warrants were modified and replaced with the December 2023 Warrants and transferred from Level 3 to Level 2 upon modification as these warrants are valued using a Black-Scholes Option pricing model using observable market inputs. See Note 10, "Warrants"

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Accounts Receivable	Accounts receivable and allowance for doubtful accounts consisted of the following (in thousands): June 30, 2024 December 31, 2023 Accounts receivable $ 5,801 $ 5,128 Allowance for doubtful accounts (1,277) (1,061) Accounts receivable, net $ 4,524 $ 4,067
Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following (in thousands): June 30, 2024 December 31, 2023 Indemnity escrow receivable (1) $ 3,003 $ 1,581 Prepaid insurance 2,367 1,084 Prepaid software 1,804 1,484 Term deposits (greater than 90 days) 1,047 7,694 Other prepaid expenses 755 801 Other current assets 1,954 609 Prepaid expenses and other current assets $ 10,930 $ 13,253 (1) As of June 30, 2024 and December 31, 2023 , the Company had an indemnity escrow receivable of $3.0 million and $1.6 million, respectively, in prepaid expenses and other current assets on the unaudited condensed consolidated balance sheets , which it expects to collect from the escrow related to the acquisition of IRA Services, Inc.
Property and Equipment, Net	Internal-use software, property and equipment, net consisted of the following (in thousands): June 30, December 31, Capitalized internal-use software $ 8,995 $ 9,000 Leasehold improvements 1,208 866 Furniture and fixtures 535 485 Computer equipment 163 125 $ 10,901 $ 10,476 Less: accumulated depreciation and amortization (6,908) (5,284) Internal-use software, and property and equipment, net $ 3,993 $ 5,192
Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consist of the following (in thousands): June 30, December 31, Payable to client (1) $ 1,669 $ 1,693 Accrued taxes and deferred tax liabilities 1,384 1,479 Accrued other professional services 790 696 Accrued legal (2) 688 2,470 Common stock unvested liability 147 223 Other current liabilities (3) 2,140 2,300 Total $ 6,818 $ 8,861 (1) Payable to client represents funds held on account for the benefit of custodial customers. (2) Accrued legal included regular recurring legal fees and accruals for loss contingencies. See Note 8, "Commitments and Contingencies" for additional information. (3) The Company includes contract liabilities within Other current liabilities on the condensed consolidated balance sheets. Contract liabilities consist of deferred revenue, which relates to amounts invoiced in advance of performance under a revenue contract. The total contract liabilities related to advance billings for data subscriptions of $0.9 million and $0.4 million as of June 30, 2024 and December 31, 2023, respectively, are recorded in accrued expenses and other current liabilities on the unaudited condensed consolidated balance sheets . The Company recognized $0.2 million and $0.3 million of revenue during the three and six months ended June 30, 2024 that was included in deferred revenue recorded in accrued expenses and other current liabilities at December 31, 2023.

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets	The components of goodwill and intangible assets and accumulated amortization are as follows (in thousands): As of June 30, 2024 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions Indefinite $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 0.3 years 13,200 (12,213) 987 Customer relationships 5.1 years 7,507 (4,137) 3,370 Launched in-process research and development assets 2.2 years 960 (528) 432 Total finite-lived intangible assets 21,667 (16,878) 4,789 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets $ 144,839 $ (16,878) $ 127,961 As of December 31, 2023 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions Indefinite $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 0.8 years 13,200 (10,820) 2,380 Customer relationships 5.4 years 7,507 (3,669) 3,838 Launched in-process research and development assets 2.7 years 960 (431) 529 Total finite-lived intangible assets 21,667 (14,920) 6,747 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets $ 144,839 $ (14,920) $ 129,919
Schedule of Finite-Lived Intangible Assets	The components of goodwill and intangible assets and accumulated amortization are as follows (in thousands): As of June 30, 2024 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions Indefinite $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 0.3 years 13,200 (12,213) 987 Customer relationships 5.1 years 7,507 (4,137) 3,370 Launched in-process research and development assets 2.2 years 960 (528) 432 Total finite-lived intangible assets 21,667 (16,878) 4,789 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets $ 144,839 $ (16,878) $ 127,961 As of December 31, 2023 Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Amount Goodwill: Goodwill from acquisitions Indefinite $ 120,948 $ — $ 120,948 Finite-lived intangible assets: Developed technology 0.8 years 13,200 (10,820) 2,380 Customer relationships 5.4 years 7,507 (3,669) 3,838 Launched in-process research and development assets 2.7 years 960 (431) 529 Total finite-lived intangible assets 21,667 (14,920) 6,747 Indefinite-lived intangible assets: Trade name - website domain Indefinite 2,224 — 2,224 Total infinite-lived intangible assets 2,224 — 2,224 Total intangible assets $ 144,839 $ (14,920) $ 129,919
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The table below presents estimated future amortization expense for finite-lived intangible assets as of June 30, 2024 (in thousands): Amount Remainder of 2024 $ 1,505 2025 802 2026 754 2027 610 2028 610 Thereafter 508 Total $ 4,789

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Operating Lease Expense	Operating lease expense, included in rent and occupancy in the unaudited condensed consolidated statements of operations, were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Operating lease expense $ 923 $ 834 $ 1,706 $ 1,792 Variable lease expense 97 223 201 472 Total operating lease expenses (1) $ 1,020 $ 1,057 $ 1,907 $ 2,264 Sublease income (2) $ 95 $ 226 $ 191 $ 452 (1) Operating lease expense is included in rent and occupancy in the unaudited condensed consolidated statements of operations. (2) Sublease income is included in other income (expenses), net in the unaudited condensed consolidated statements of operations.
Future Undiscounted Lease Payments	Future undiscounted lease payments under operating leases as of June 30, 2024, were as follows (in thousands) : Lease Payment Obligation Sublease Income Net Lease Obligation Remaining 2024 $ 1,817 $ (180) $ 1,637 2025 3,864 (210) 3,654 2026 1,084 — 1,084 2027 1,117 — 1,117 2028 1,150 — 1,150 2029 888 — 888 Total undiscounted lease payments $ 9,920 $ (390) $ 9,530 Less: imputed interest (1,237) Present value of future lease payments 8,683 Less: operating lease liabilities, current 3,357 Operating lease liabilities, noncurrent $ 5,326

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation, Fiscal Year Maturity	As of June 30, 2024, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer, excluding operating lease obligations (see Note 7, "Leases," for additional information), as follows: Amount Remainder of 2024 $ 565 2025 936 2026 886 2027 350 2028 — Thereafter — Total $ 2,737

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
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: June 30, December 31, Warrants to purchase common stock 3,282,652 3,282,652 Stock options issued and outstanding under 2018 Plan 7,219,729 7,813,366 Shares available for grant under 2022 Plan (1) 1,411,139 2,052,669 RSUs issued and outstanding under 2022 Plan 15,610,442 17,434,138 Shares available for grant under 2022 ESPP 7,566,607 5,797,609 Outstanding Private Placement Warrants 7,386,667 7,386,667 Total shares of common stock reserved 42,477,236 43,767,101 (1) To the extent outstanding options granted under the 2018 Plan are cancelled, forfeited, or otherwise terminated without being exercised and would have been returned to the share reserve under the 2018 Plan following the closing date of the Merger, the number of shares of common stock underlying such awards will be available for future awards under the 2022 Plan.
Schedule of Stock Compensation	The stock compensation for the periods indicated below are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 RSUs Time-based $ 6,380 $ 6,016 $ 13,675 $ 10,524 Performance-based 637 133 802 133 Market-based 66 1,323 1,273 2,625 Total RSUs 7,083 7,472 15,750 13,282 Stock options 776 1,337 1,576 2,928 Total stock compensation $ 7,859 $ 8,809 $ 17,326 $ 16,210
Schedule of Stock Option Activity	Stock option activity during the six months ended June 30, 2024 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, 2023 7,813,366 $ 2.06 6.0 $ 14,929 Exercised (487,875) 0.94 Cancelled/Forfeited/Expired (105,762) 3.88 Balance as of June 30, 2024 7,219,729 $ 2.11 5.6 $ 3,670 Vested and exercisable as of June 30, 2024 6,523,921 $ 2.03 5.4 $ 3,560
Schedule of RSU Activity	RSU activity during the six months ended June 30, 2024, was as follows: RSUs Service-based Performance-based (2) Market-based (3) Weighted Average Grant Date Fair Value Unvested as of December 31, 2023 17,434,138 12,351,544 1,805,550 3,277,044 $ 4.30 Granted 7,120,496 5,652,327 1,468,169 — 2.02 Vested (1) (7,888,131) (6,384,053) (1,035,071) (469,007) 4.00 Forfeited (1,056,061) (839,392) (216,669) — 6.45 Unvested as of June 30, 2024 15,610,442 10,780,426 2,021,979 2,808,037 $ 3.26 (1) Common stock has not been issued in connection w ith 1,091,908 vested RSUs because such RSUs were unsettled as of June 30, 2024. These RSUs will be settled by December 31, 2024. (2) For performance-based awards granted in 2024, the performance condition was not met as of June 30, 2024. (3) Market-based RSUs consist of CEO RSUs and Executive Retention RSUs as defined in the Company’s Annual Report on Form 10-K filed on March 26, 2024.

Net Loss per Share (Tables)

Net Loss per Share (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss attributable to Forge Global Holdings, Inc., basic $ (13,724) $ (24,889) $ (32,348) $ (46,077) Net loss attributable to common stockholders, diluted $ (13,724) $ (24,889) $ (32,348) $ (46,077) Denominator: Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic 182,681,065 173,289,549 181,680,268 172,565,508 Weighted-average number of shares used to compute net loss per share attributable to common stockholders, diluted 182,681,065 173,289,549 181,680,268 172,565,508 Net loss per share attributed to common stockholders: Basic $ (0.08) $ (0.14) $ (0.18) $ (0.27) Diluted $ (0.08) $ (0.14) $ (0.18) $ (0.27)
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: June 30, 2024 June 30, 2023 Warrants to purchase common stock (1) 3,282,652 3,282,652 Private Placement Warrants 7,386,667 7,386,667 Early exercised options 287,043 772,581 Outstanding options 7,219,729 8,768,567 Restricted stock units 15,610,442 20,023,275 Total 33,786,533 40,233,742 (1) Warrants to purchase common stock includes the December 2023 Warrants. See Note 10, "Warrants"

Organization and Description _2

Organization and Description of Business (Details)	Mar. 21, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Exchange ratio	3.122931

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounting Policies [Line Items]
Goodwill impairment					$ 0
Total revenues	$ 22,282,000	$ 16,720,000	$ 41,524,000	$ 32,199,000
Non-US
Accounting Policies [Line Items]
Total revenues	$ 1,800,000	$ 1,000,000	$ 3,300,000	$ 1,900,000

Capitalization - Narrative (Det

Capitalization - Narrative (Details)	Mar. 21, 2022 vote $ / shares shares	Jun. 30, 2024 $ / shares shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2021 shares
Class of Stock [Line Items]
Shares authorized	2,100,000,000			257,968,554
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000		171,153,360
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)		182,670,074	176,899,814
Common stock, shares outstanding (in shares)		182,670,074	176,899,814
Preferred stock, shares issued (in shares)		0
Preferred stock, shares outstanding (in shares)		0
Common Stock
Class of Stock [Line Items]
Number of votes per share | vote	1
Class AA Common Stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.00001

Fair Value Measurements - Hiera

Fair Value Measurements - Hierarchy for Assets and Liabilities on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Payment-dependent notes receivable, noncurrent	$ 6,758	$ 5,593
Payment-dependent notes payable, noncurrent	6,758	5,593
Warrant liabilities	2,889	9,616
Fair Value, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Term deposits	1,047	7,694
Payment-dependent notes receivable, noncurrent	6,758	5,593
Total financial assets	88,030	145,640
Payment-dependent notes payable, noncurrent	6,758	5,593
Total financial liabilities	9,647	15,209
Term deposit, real estate lease agreement obligation	600	1,000
Fair Value, Recurring | December 2023 Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	1,042	4,889
Fair Value, Recurring | Private Placement Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	1,847	4,727
Fair Value, Recurring | Money market funds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	73,766	130,132
Fair Value, Recurring | Term deposits (less than 90 days)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	6,459	2,221
Fair Value, Recurring | Level 1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Term deposits	0	0
Payment-dependent notes receivable, noncurrent	0	0
Total financial assets	73,766	130,132
Payment-dependent notes payable, noncurrent	0	0
Total financial liabilities	0	0
Fair Value, Recurring | Level 1 | December 2023 Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	0	0
Fair Value, Recurring | Level 1 | Private Placement Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	0	0
Fair Value, Recurring | Level 1 | Money market funds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	73,766	130,132
Fair Value, Recurring | Level 1 | Term deposits (less than 90 days)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	0	0
Fair Value, Recurring | Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Term deposits	1,047	7,694
Payment-dependent notes receivable, noncurrent	0	0
Total financial assets	7,506	9,915
Payment-dependent notes payable, noncurrent	0	0
Total financial liabilities	1,042	4,889
Fair Value, Recurring | Level 2 | December 2023 Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	1,042	4,889
Fair Value, Recurring | Level 2 | Private Placement Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	0	0
Fair Value, Recurring | Level 2 | Money market funds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	0	0
Fair Value, Recurring | Level 2 | Term deposits (less than 90 days)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	6,459	2,221
Fair Value, Recurring | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Term deposits	0	0
Payment-dependent notes receivable, noncurrent	6,758	5,593
Total financial assets	6,758	5,593
Payment-dependent notes payable, noncurrent	6,758	5,593
Total financial liabilities	8,605	10,320
Fair Value, Recurring | Level 3 | December 2023 Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	0	0
Fair Value, Recurring | Level 3 | Private Placement Warrants
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrant liabilities	1,847	4,727
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, Recurring | Level 3 | Term deposits (less than 90 days)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and cash equivalents	$ 0	$ 0

Fair Value Measurements - Valua

Fair Value Measurements - Valuation of Warrants (Details) - Private Placement Warrants	Jun. 30, 2024 yr $ / shares	Dec. 31, 2023 $ / shares yr
Monte Carlo Simulation | Fair value of underlying securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	1.46
Monte Carlo Simulation | Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input | yr	2.7
Monte Carlo Simulation | Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	1.150
Monte Carlo Simulation | Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.046
Monte Carlo Simulation | Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0
Monte Carlo Simulation | Fair value per warrant
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input	0.25
Monte Carlo Model And Binomial Lattice Model | Fair value of underlying securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		3.43
Monte Carlo Model And Binomial Lattice Model | Expected term (years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input | yr		3.2
Monte Carlo Model And Binomial Lattice Model | Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		1.170
Monte Carlo Model And Binomial Lattice Model | Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		0.040
Monte Carlo Model And Binomial Lattice Model | Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		0
Monte Carlo Model And Binomial Lattice Model | Fair value per warrant
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants measurement input		0.64

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Warrants (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance			$ 10,320	$ 7,977
Ending balance	$ 8,605	$ 10,058	8,605	10,058
Warrant | Private Placement Warrants
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	3,102	190	4,727	222
Change in fair value of warrant liability	(1,255)	2,570	(2,880)	2,538
Ending balance	$ 1,847	$ 2,760	$ 1,847	$ 2,760

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Total Level 3 Financial Assets
Beginning balance	$ 5,593	$ 7,371
Ending balance	6,758	5,830
Total Level 3 Financial Liabilities
Beginning balance	10,320	7,977
Ending balance	8,605	10,058
Notes Payable
Total Level 3 Financial Liabilities
Change in fair value	1,165	(1,541)
Warrant | Junior Preferred Stock Warrants
Total Level 3 Financial Liabilities
Change in fair value		1,084
Warrant | Private Placement Warrants
Total Level 3 Financial Liabilities
Beginning balance	4,727	222
Change in fair value	(2,880)	2,538
Ending balance	1,847	2,760
Notes Receivable
Total Level 3 Financial Assets
Change in fair value	$ 1,165	$ (1,541)

Condensed Consolidated Balanc_3

Condensed Consolidated Balance Sheet Components - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable	$ 5,801		$ 5,801		$ 5,128
Allowance for doubtful accounts	(1,277)		(1,277)		(1,061)
Accounts receivable, net	4,524		4,524		$ 4,067
Increase (decrease) in allowance for doubtful accounts	$ 100	$ 100	$ 200	$ 200

Condensed Consolidated Balanc_4

Condensed Consolidated Balance Sheet Components - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Indemnity escrow receivable	$ 3,003	$ 1,581
Prepaid insurance	2,367	1,084
Prepaid software	1,804	1,484
Term deposits (greater than 90 days)	1,047	7,694
Other prepaid expenses	755	801
Other current assets	1,954	609
Prepaid expenses and other current assets	$ 10,930	$ 13,253

Condensed Consolidated Balanc_5

Condensed Consolidated Balance Sheet Components - Internal-Use Software, Property and Equipment, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Public Utility, Property, Plant and Equipment [Line Items]
Internal-use software, and property and equipment	$ 10,901		$ 10,901		$ 10,476
Less: accumulated depreciation and amortization	(6,908)		(6,908)		(5,284)
Internal-use software, and property and equipment, net	3,993		3,993		5,192
Depreciation expense	200	$ 100	300	$ 100
Capitalized internal-use software amortization expense	600	700	1,400	1,400
Impairment loss on internally developed software	0	$ 0	0	$ 500
Capitalized internal-use software
Public Utility, Property, Plant and Equipment [Line Items]
Internal-use software, and property and equipment	8,995		8,995		9,000
Leasehold improvements
Public Utility, Property, Plant and Equipment [Line Items]
Internal-use software, and property and equipment	1,208		1,208		866
Furniture and fixtures
Public Utility, Property, Plant and Equipment [Line Items]
Internal-use software, and property and equipment	535		535		485
Computer equipment
Public Utility, Property, Plant and Equipment [Line Items]
Internal-use software, and property and equipment	$ 163		$ 163		$ 125

Condensed Consolidated Balanc_6

Condensed Consolidated Balance Sheet Components - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Payable to client	$ 1,669	$ 1,669	$ 1,693
Accrued taxes and deferred tax liabilities	1,384	1,384	1,479
Accrued other professional services	790	790	696
Accrued legal	688	688	2,470
Common stock unvested liability	147	147	223
Other current liabilities	2,140	2,140	2,300
Total	6,818	6,818	8,861
Contract liabilities	900	900	$ 400
Revenue recognized	$ 200	$ 300

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 21,667	$ 21,667
Accumulated Amortization	(16,878)	(14,920)
Net Carrying Amount	4,789	6,747
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	2,224	2,224
Intangible Assets, Net (Including Goodwill) [Abstract]
Goodwill, Gross	120,948	120,948
Goodwill	120,948	120,948
Gross Carrying Amount	144,839	144,839
Accumulated Amortization	(16,878)	(14,920)
Net Carrying Amount	127,961	129,919
Trade name - website domain
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 2,224	$ 2,224
Developed technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	3 months 18 days	9 months 18 days
Gross Carrying Amount	$ 13,200	$ 13,200
Accumulated Amortization	(12,213)	(10,820)
Net Carrying Amount	987	2,380
Intangible Assets, Net (Including Goodwill) [Abstract]
Accumulated Amortization	$ (12,213)	$ (10,820)
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	5 years 1 month 6 days	5 years 4 months 24 days
Gross Carrying Amount	$ 7,507	$ 7,507
Accumulated Amortization	(4,137)	(3,669)
Net Carrying Amount	3,370	3,838
Intangible Assets, Net (Including Goodwill) [Abstract]
Accumulated Amortization	$ (4,137)	$ (3,669)
Launched in-process research and development assets
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	2 years 2 months 12 days	2 years 8 months 12 days
Gross Carrying Amount	$ 960	$ 960
Accumulated Amortization	(528)	(431)
Net Carrying Amount	432	529
Intangible Assets, Net (Including Goodwill) [Abstract]
Accumulated Amortization	$ (528)	$ (431)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 1	$ 1	$ 2	$ 2

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 1,505
2025	802
2026	754
2027	610
2028	610
Thereafter	508
Net Carrying Amount	$ 4,789	$ 6,747

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($)		3 Months Ended	6 Months Ended
	Mar. 08, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Operating Leased Assets [Line Items]
Renewal term (in years)			5 years
Weighted-average remaining lease term			4 years 3 months 18 days		1 year 10 months 24 days
Weighted-average discount rate			7.10%		7%
Lease liabilities arising from obtaining right-of-use assets	$ 4,500,000		$ 4,506,000	$ 0
Operating lease right-of-use assets			7,324,000		$ 4,308,000
Impairment of right-of-use assets		$ 0	186,000	$ 0
Office Under Existing Lease
Operating Leased Assets [Line Items]
Operating lease right-of-use assets			$ 0
Minimum
Operating Leased Assets [Line Items]
Remaining lease term (in years)			3 months
Maximum
Operating Leased Assets [Line Items]
Remaining lease term (in years)			5 years 1 month 6 days

Leases - Operating Lease Expens

Leases - Operating Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease expense	$ 923	$ 834	$ 1,706	$ 1,792
Variable lease expense	97	223	201	472
Total operating lease expenses	1,020	1,057	1,907	2,264
Sublease income	$ 95	$ 226	$ 191	$ 452

Leases - Maturity Schedule (Det

Leases - Maturity Schedule (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Lease Payment Obligation
Remaining 2024	$ 1,817
2025	3,864
2026	1,084
2027	1,117
2028	1,150
2029	888
Total undiscounted lease payments	9,920
Less: imputed interest	(1,237)
Present value of future lease payments	8,683
Less: operating lease liabilities, current	3,357	$ 2,516
Operating lease liabilities, noncurrent	5,326	$ 2,707
Sublease Income
Remaining 2024	(180)
2025	(210)
2026	0
2027	0
2028	0
2029	0
Total undiscounted lease payments	(390)
Net Lease Obligation
Remaining 2024	1,637
2025	3,654
2026	1,084
2027	1,117
2028	1,150
2029	888
Total undiscounted lease payments	$ 9,530

Commitments and Contingencies -

Commitments and Contingencies - Legal Proceeding (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Accrual for loss contingencies	$ 0	$ 1.9

Commitments and Contingencies_2

Commitments and Contingencies - 401K (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Employer matching contribution, percent of match			2%
Employer matching contribution amount			$ 6,900
Contributions	$ 300,000	$ 200,000	$ 500,000	$ 500,000

Commitments and Contingencies_3

Commitments and Contingencies - Non-Cancelable Purchase Obligations (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2024	$ 565
2025	936
2026	886
2027	350
2028	0
Thereafter	0
Total	$ 2,737

Regulatory (Details)

Regulatory (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Financial Instruments Owned and Pledged as Collateral [Line Items]
Net capital	$ 16,200
Net capital in excess of required net capital	15,700
Required net capital	500
Restricted cash	1,089	$ 1,062	$ 1,286
Asset Pledged as Collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Restricted cash	$ 1,100

Warrants (Details)

Warrants (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2023	Nov. 30, 2020	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022	Mar. 21, 2022
Class of Warrant or Right [Line Items]
Change in fair value of warrant liabilities			$ (2,280)	$ 3,790	$ (6,727)	$ 3,622
Common Stock
Class of Warrant or Right [Line Items]
Issuance of common stock upon exercise of Junior Preferred Stock Warrants (in shares)							123,379
Junior Preferred Stock Warrants
Class of Warrant or Right [Line Items]
Class of warrant outstanding (in shares)	2,631,146	3,122,931
Exercise price of warrants (in dollars per share)		$ 3.9760
Exercise price of warrants or rights extended value cap		$ 5,000
Warrant contractual term		5 years
Fixed monetary amount		$ 5,000
Number of securities called by warrants (in shares)							491,785
Change in fair value of warrant liabilities				(1,200)		(1,100)
December 2023 Warrants
Class of Warrant or Right [Line Items]
Exercise price of warrants (in dollars per share)	$ 3.9760
Exercise price of warrants or rights, extended value cap	$ 5,000
Change in fair value of warrant liabilities			$ 1,000		$ 3,800
Private Placement Warrants
Class of Warrant or Right [Line Items]
Class of warrant outstanding (in shares)	7,386,667		7,386,667		7,386,667			7,386,667
Exercise price of warrants (in dollars per share)								$ 11.50
Change in fair value of warrant liabilities			$ 1,300	$ (2,600)	$ 2,900	$ (2,500)
Warrant term								5 years

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved		42,477,236		42,477,236		43,767,101
Weighted-average grant date fair value (in dollars per share)		$ 0	$ 0	$ 0	$ 0
Grant date fair value of stock options vested in period		$ 800	$ 1,800	$ 1,600	$ 3,000
Intrinsic value of stock options exercised in period		100	$ 300	600	$ 400
Share-based compensation, unvested stock options		2,600		$ 2,600
Period for recognition				1 year
Cash proceeds received		$ 100		$ 100		$ 200
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				4 years
Expiration period				10 years
Stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting options, expiration period after terminated employment				3 months
Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting options, expiration period after terminated employment				5 years
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved		1,091,908		1,091,908
Period for recognition				1 year 8 months 12 days
Future share-based compensation expense		$ 30,600		$ 30,600
Restricted stock units | Terminated Executive
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated vesting of stock options (in shares)	228,575
Share-based compensation accelerated expense	$ 600
Number of shares authorized (in shares)	403,249
Incremental share-based compensation resulting from modification	$ 600
Restricted stock units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				1 year
Restricted stock units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years
2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved		0		0
2022 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved		23,383,325		23,383,325
Automatic increase period		10 years		10 years
2022 Stock Plan | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of outstanding stock		3%		3%
2022 ESPP | Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved		7,566,607		7,566,607
Number of shares issued under plan (in shares)		4,072,000		4,072,000
Percentage of outstanding stock				1%

Share-Based Compensation - Comm

Share-Based Compensation - Common Stock Reserved (Details) - shares	Jun. 30, 2024	Dec. 31, 2023	Mar. 21, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued and outstanding (in shares)	7,219,729	7,813,366
Total shares of common stock reserved	42,477,236	43,767,101
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs issued and outstanding (in shares)	15,610,442	17,434,138
Total shares of common stock reserved	1,091,908
2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options issued and outstanding (in shares)	7,219,729	7,813,366
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)	1,411,139	2,052,669
Total shares of common stock reserved	23,383,325
2022 Stock Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs issued and outstanding (in shares)	15,610,442	17,434,138
2022 ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	7,566,607	5,797,609
Warrants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants to purchase stock (in shares)	3,282,652	3,282,652
Private Placement Warrants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding warrants (in shares)	7,386,667	7,386,667	7,386,667

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation	$ 7,859	$ 8,809	$ 17,326	$ 16,210
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation	7,083	7,472	15,750	13,282
Time-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation	6,380	6,016	13,675	10,524
Performance-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation	637	133	802	133
Market-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation	66	1,323	1,273	2,625
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation	$ 776	$ 1,337	$ 1,576	$ 2,928

Share-Based Compensation - St_2

Share-Based Compensation - Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Stock Options
Beginning balance (in shares)	7,813,366
Exercised (in shares)	(487,875)
Cancelled/Forfeited/Expired (in shares)	(105,762)
Ending balance (in shares)	7,219,729	7,813,366
Vested and exercisable, end of period (in shares)	6,523,921
Weighted Average Exercise Price
Beginning balance (in dollars per share)	$ 2.06
Exercised (in dollars per share)	0.94
Cancelled/Forfeited/Expired (in dollars per share)	3.88
Ending balance (in dollars per share)	2.11	$ 2.06
Vested and exercisable, end of period (in dollars per share)	$ 2.03
Weighted-Averages Life (Years) and Aggregate Intrinsic Value
Weighted- Average Life (Years)	5 years 7 months 6 days	6 years
Weighted-average life, vested and exercisable	5 years 4 months 24 days
Intrinsic value, Beginning	$ 14,929
Intrinsic value, Ending	3,670	$ 14,929
Aggregate intrinsic value, vested and exercisable	$ 3,560

Share-Based Compensation - RSUs

Share-Based Compensation - RSUs (Details) - $ / shares	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Weighted Average Grant Date Fair Value
Total shares of common stock reserved	42,477,236	43,767,101
Restricted stock units
RSUs
Beginning balance, unvested	17,434,138
Granted (in shares)	7,120,496
Vested (in shares)	(7,888,131)
Forfeited (in shares)	(1,056,061)
Ending balance, unvested	15,610,442
Weighted Average Grant Date Fair Value
Beginning balance	$ 4.30
Granted (in dollars per share)	2.02
Vested (in dollars per share)	4
Forfeited (in dollars per share)	6.45
Ending balance	$ 3.26
Total shares of common stock reserved	1,091,908
Service-based
RSUs
Beginning balance, unvested	12,351,544
Granted (in shares)	5,652,327
Vested (in shares)	(6,384,053)
Forfeited (in shares)	(839,392)
Ending balance, unvested	10,780,426
Performance-based
RSUs
Beginning balance, unvested	1,805,550
Granted (in shares)	1,468,169
Vested (in shares)	(1,035,071)
Forfeited (in shares)	(216,669)
Ending balance, unvested	2,021,979
Market-based
RSUs
Beginning balance, unvested	3,277,044
Granted (in shares)	0
Vested (in shares)	(469,007)
Forfeited (in shares)	0
Ending balance, unvested	2,808,037

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate from continuing operations	2.10%	1.20%	1.60%	1%

Net Loss per Share - Narrative

Net Loss per Share - Narrative (Details)	6 Months Ended
	Jun. 30, 2024 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net loss attributable to Forge Global Holdings, Inc., basic	$ (13,724)	$ (24,889)	$ (32,348)	$ (46,077)
Net loss attributable to common stockholders, diluted	$ (13,724)	$ (24,889)	$ (32,348)	$ (46,077)
Denominator:
Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic (in shares)	182,681,065	173,289,549	181,680,268	172,565,508
Weighted-average number of shares used to compute net loss per share attributable to common stockholders, diluted (in shares)	182,681,065	173,289,549	181,680,268	172,565,508
Net loss per share attributable to Forge Global Holdings, Inc. common stockholders:
Basic (in dollars per share)	$ (0.08)	$ (0.14)	$ (0.18)	$ (0.27)
Diluted (in dollars per share)	$ (0.08)	$ (0.14)	$ (0.18)	$ (0.27)

Net Loss per Share - Antidiluti

Net Loss per Share - Antidilutive Securities Excluded from Computation (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	33,786,533	40,233,742
Warrant | Common stock warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	3,282,652	3,282,652
Warrant | Private Placement Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	7,386,667	7,386,667
Early exercised options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	287,043	772,581
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	7,219,729	8,768,567
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	15,610,442	20,023,275

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Related Party Transaction [Line Items]
Professional services	$ 1,605	$ 3,265	$ 3,822	$ 6,001
Total revenues	22,282	16,720	41,524	32,199
Marketplace revenues
Related Party Transaction [Line Items]
Total revenues	11,679	5,723	20,199	10,355
Affiliated Entity
Related Party Transaction [Line Items]
Professional services	300	600	700	1,000
Immediate Family Member of Management or Principal Owner | Marketplace revenues
Related Party Transaction [Line Items]
Total revenues	$ 0	$ 100	$ 100	$ 200