ForgeRock Inc
NYSE:FORG
Income Statement
Earnings Waterfall
ForgeRock Inc
Revenue
|
243.2m
USD
|
Cost of Revenue
|
-46.4m
USD
|
Gross Profit
|
196.7m
USD
|
Operating Expenses
|
-263.6m
USD
|
Operating Income
|
-66.9m
USD
|
Other Expenses
|
-14.8m
USD
|
Net Income
|
-81.6m
USD
|
Income Statement
ForgeRock Inc
Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||
Revenue |
143
N/A
|
157
+10%
|
169
+8%
|
177
+5%
|
184
+4%
|
188
+2%
|
202
+7%
|
218
+8%
|
233
+7%
|
243
+5%
|
|
Gross Profit | |||||||||||
Cost of Revenue |
(23)
|
(25)
|
(29)
|
(33)
|
(35)
|
(36)
|
(38)
|
(40)
|
(43)
|
(46)
|
|
Gross Profit |
120
N/A
|
132
+10%
|
140
+7%
|
144
+3%
|
149
+4%
|
151
+2%
|
164
+9%
|
178
+8%
|
190
+7%
|
197
+4%
|
|
Operating Income | |||||||||||
Operating Expenses |
(143)
|
(149)
|
(160)
|
(172)
|
(189)
|
(209)
|
(223)
|
(238)
|
(253)
|
(264)
|
|
Selling, General & Administrative |
(105)
|
(110)
|
(120)
|
(129)
|
(141)
|
(155)
|
(165)
|
(177)
|
(188)
|
(197)
|
|
Research & Development |
(29)
|
(30)
|
(31)
|
(43)
|
(48)
|
(53)
|
(58)
|
(62)
|
(65)
|
(66)
|
|
Other Operating Expenses |
(9)
|
(9)
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(23)
N/A
|
(18)
+24%
|
(20)
-12%
|
(28)
-45%
|
(39)
-39%
|
(57)
-45%
|
(59)
-3%
|
(60)
-3%
|
(63)
-4%
|
(67)
-6%
|
|
Pre-Tax Income | |||||||||||
Interest Income Expense |
(0)
|
(7)
|
(13)
|
(18)
|
(14)
|
(9)
|
(1)
|
(1)
|
(2)
|
(4)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(6)
|
(13)
|
(17)
|
|
Total Other Income |
(0)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
1
|
3
|
5
|
8
|
|
Pre-Tax Income |
(24)
N/A
|
(25)
-7%
|
(33)
-29%
|
(47)
-44%
|
(53)
-13%
|
(65)
-23%
|
(61)
+7%
|
(65)
-6%
|
(74)
-14%
|
(80)
-9%
|
|
Net Income | |||||||||||
Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
|
Income from Continuing Operations |
(24)
|
(26)
|
(33)
|
(48)
|
(54)
|
(66)
|
(62)
|
(66)
|
(75)
|
(82)
|
|
Net Income (Common) |
(24)
N/A
|
(26)
-7%
|
(33)
-29%
|
(48)
-43%
|
(54)
-13%
|
(66)
-23%
|
(62)
+7%
|
(66)
-7%
|
(75)
-14%
|
(82)
-9%
|
|
EPS (Diluted) |
-0.3
N/A
|
-0.33
-10%
|
-0.96
-191%
|
-1.14
-19%
|
-0.64
+44%
|
-0.78
-22%
|
-0.74
+5%
|
-0.78
-5%
|
-0.88
-13%
|
-0.94
-7%
|