Specifically, ARR, as calculated under the definition herein, has the effect of normalizing the impact of revenue recognition for term-based subscription license agreements. Kristen Batch We welcome and respect our differences. ForgeRock Named an Overall Leader in CIAM, Henrique Teixeira | Abhyuday Data |Michael Kelley |James Hoover |Brian Guthrie, Learn about modern customer identity & access management (CIAM), Build productivity, enhance security, and achieve compliance, Securely connect services to drive digital banking, Accelerate digital healthcare services and secure data, Fulfill your mission to improve citizen services, Improve customer acquisition and retention, Unlock and secure the manufacturing ecosystem, Create secure, integrated omnichannel experiences, Deliver secure mobile and in-vehicle experiences, Deliver more services and better experiences, Deliver great experiences with no-code user journeys, Apply AI and ML to the digital identity lifecycle, Reduce identity threats with the right architecture, Elevate security with AI-powered identity, Simplify and strengthen IAM across your enterprise, Drive Open Banking with personal, secure experiences, Deliver great experiences with security and compliance, Create strong authentication and reduce risk, Provide simple, secure access for trusted users, Continuously assess permissions based on context, Streamline access to cloud and legacy apps, Automate account creation, management, removal, Keep your data under control and in your region, Integrate services with identity-enabled APIs, Accelerate secure access and achieve compliance, Bridge legacy and cloud apps with enterprise IAM, Create personalized access journeys your customers will love, Prevent Account Takeover and Fraud with AI-Driven Threat Protection, Leverage AI and ML to identify blind spots and mitigate risks, Unify and orchestrate directory services at scale, Raise the bar with the IAM cloud purpose-built for enterprise, Simplify and consolidate your enterprise IAM strategy, Achieve compliance, mitigate risks, and reduce organizational costs, Simplify and automate identity to improve security and efficiency, Design and personalize secure, low-code/no-code user journeys, Build on a foundation of known, tested, and proven standards, Rapidly connect and integrate with third-party systems, Simplify access by enabling users to sign in through social media, Enhance security and compliance with enterprise IAM as a service, Authenticate and authorize your entire ecosystem of devices, Eliminate identity complexity and increase platform agility, Speed app development with greater security and lower costs, Experience ForgeRock your way: on prem or as a cloud service, Modernize IAM by adding ForgeRock to your GCP investments, Deploy the most comprehensive IAM platform on AWS in minutes, Protect users and devices in your Microsoft environment, Take advantage of a robust catalog of authentication options, Gain the ability to identify and remediate risk, no matter its origin, Access the latest technologies to create profiles based on behavior, Ensure that users are who they say they are and assess risks, Curated content for leaders in IT, security, marketing, and business, Learn how the analysts evaluate offerings and industry trends, See how ForgeRock solutions drive organizations' financial goals, Read about successful customers spanning public and private sectors, Get information on the fundamentals of identity, Get definitions for common identity terms, Watch videos on the fundamentals of identity, Join us in a deep-dive into the world of digital identity, Listen in for informative and entertaining sessions on digital identity, Solve common identity challenges with the ForgeRock Identity Platform, Collaborate, learn, and accelerate your use of ForgeRock solutions, Read about security trends and the latest in digital identity, Join experts, customers, and partners in live and recorded sessions, Learn about ForgeRock's vision of a securely connected world, Read about actions we're taking to help create a better future, Join the team that's changing the way the world connects, Learn about the industry leaders helping to fuel ForgeRock's growth, Meet the passionate team propelling the company toward its vision, Get the latest ForgeRock announcements and news, Find out where to see ForgeRock at virtual and in-person events, Join us to learn to elevate digital experiences and security, Explore company financial reports and other company news, Learn about partners in technology, integration, distribution, and more, ForgeRock Named a Leader by All Major Analysts. ForgeRock is the first company to take this step and todays introduction of our AI-driven Autonomous Access solution is a major advancement towards helping organizations prevent cyberattacks and fraud., Our first quarter results once again outperformed our guidance across all metrics, highlighted by ARR growth of 35% year-over-year, said John Fernandez, CFO of ForgeRock. We're a leading provider of industry-specific, cloud-based software and services for the global professional and financial services industry. Feb 09, 2021 at 8:30 AM EST. The Senior Director of Security will be an integral technical hands-on leader of the Information Technology (IT) leadership team focused on . Megan Frank 11/14/2022. We're a high-growth public company that has attracted some of the best technology talent in the industry. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. "We ended 2022 with $230 million of ARR, representing another solid year of growth for ForgeRock," said Fran Rosch, CEO of ForgeRock. l***@forgerock.com. stacey.hurwitz@forgerock.com, Evgenia Sinopidou, Edelman Our ARR grew 30% year-over-year in Q3, marking the 7th consecutive quarter of ARR growth of 30% or greater, said Fran Rosch, CEO of ForgeRock. ForgeRock +0.15%. ForgeRock provides free cash flow as it is a commonly used non-GAAP financial measure to indicate the amount of cash needed to fund its operations and capital expenditures. Stockholders may obtain, free of charge, the preliminary and definitive versions of the Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by ForgeRock with the SEC in connection with the Transaction at the SECs website (http://www.sec.gov). Reconciliation of cash and cash equivalents and restricted cash: Restricted cash included in prepaids and other current assets, Total cash and cash equivalents and restricted cash, NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS TO GAAP RESULTS, Non-GAAP Gross Profit and Non-GAAP Gross Margin. STOCKHOLDERS ARE URGED TO READ THE TRANSACTION PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT FORGEROCK WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The Investor Relations website contains information about Zscaler, Inc.'s business for stockholders, potential investors, and financial analysts. We are accountable and expect the same in return. ForgeRock, a global leader in digital identity, delivers modern identity and access management solutions for consumers, employees and things to simply and safely access the connected world. Nicole Borsje, The Blueshirt Group We are passionate about our company, our customers, and our work. We define non-GAAP gross profit and non-GAAP gross margin as GAAP gross profit and GAAP gross margin adjusted to exclude stock-based compensation expense, as presented below (in thousands, except percentages): We define non-GAAP research and development as GAAP research and development adjusted to exclude stock-based compensation expense, as presented below (in thousands): We define non-GAAP sales and marketing as GAAP sales and marketing adjusted to exclude stock-based compensation expense, as presented below (in thousands): We define non-GAAP general and administrative as GAAP general and administrative adjusted to exclude stock-based compensation expense, as presented below (in thousands): Non-GAAP Operating Loss and Non-GAAP Operating Margin. investors@forgerock.com, Kristen Batch, ForgeRock Sign up today and receive company updates straight to your inbox. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. As of October 31, 2022, there were 47,666,366 shares of the registrant's Class A common stock outstanding and 37,692,159 shares of the registrant's Class B common stock outstanding. Download PDF. Supporting Materials. SAN FRANCISCO-- ( BUSINESS WIRE )--ForgeRock, Inc. (NYSE: FORG), a global identity leader, today announced it has moved up its earnings release for the fourth quarter and fiscal year ended. ForgeRock presents non-GAAP gross profit, non-GAAP gross margin, non-GAAP research and development, non-GAAP sales and marketing, non-GAAP general and administrative, non-GAAP operating loss, non-GAAP operating margin and non-GAAP net loss per share, all of which exclude acquisition-related costs, stock-based compensation expense, and certain of which exclude the tax effect on the provision for (benefit from) income taxes related to such excluded items. Additional risks and uncertainties include those associated with: (i) the possibility that the conditions to the closing of the Transaction are not satisfied, including the risk that required approvals from ForgeRocks stockholders for the Transaction or required regulatory approvals to consummate the Transaction are not obtained, on a timely basis or at all; (ii) the occurrence of any event, change or other circumstances that could give rise to the right to terminate the Transaction, including in circumstances requiring the Company to pay a termination fee; (iii) uncertainties as to the timing of the consummation of the Transaction and the ability of each party to consummate the Transaction; (iv) the nature, cost and outcome of any legal proceeding that may be instituted against us and others relating to the Transaction; (v) economic, market, business or geopolitical conditions (including resulting from the COVID-19 pandemic, inflationary pressures, supply chain disruptions, or the military conflict in Ukraine and related sanctions against Russia and Belarus) or competition, or changes in such conditions, negatively affecting ForgeRocks business, operations and financial performance; (vi) the effect of the announcement or pendency of the Transaction on our business relationships, customers, operating results and business generally, including risks related to the diversion of the attention of ForgeRock management or employees during the pendency of the Transaction; (vii) the amount of the costs, fees, expenses and charges related to the merger agreement or the Transaction; (viii) the risk that our stock price may fluctuate during the pendency of the Transaction and may decline significantly if the Transaction is not completed; (ix) possible disruption related to the Transaction to ForgeRocks current plans and operations, including through the loss of customers and employees; and (x) other risks and uncertainties detailed in the periodic reports that ForgeRock files with the SEC, including ForgeRocks Annual Report on Form 10-K filed with the SEC on March 9, 2022, ForgeRocks quarterly report on Form 10-Q filed with the SEC on August 12, 2022, and subsequent filings. The principal limitation of these non-GAAP financial measures is that they exclude expenses that are required by GAAP to be recorded in our consolidated financial statements. ForgeRock continually delivers innovation to enable digital transformation - even as the pace of change accelerates 4B Identities Under Management 50 Countries 1300+ Customers See How Our Customers Are Transforming Our Values Our values represent who we are, at our best. ARR does not have a standardized meaning and therefore may not be comparable to similarly titled measures presented by other companies. 2023
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