ForgeRock, Inc. (FORG) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K
Revenues:
1-year term licenses	34.4	37.3	35.1	26.6
United States	107.8	85.3	61.0	45.8
Other	75.3	54.4	31.5	32.1
Total revenues	217.5	176.9	127.6	104.5
Revenue growth [+]	22.9%	38.6%	22.1%
1-year term licenses	-7.8%	6.1%	32.2%
United States	26.4%	39.8%	33.2%
Americas	29.8%	38.6%	37.3%
Cost of goods sold	39.5	32.9	21.3	17.0
Gross profit	178.0	144.0	106.3	87.5
Gross margin	81.8%	81.4%	83.3%	83.7%
Selling, general and administrative [+]	176.5	128.9	102.5	94.9
Sales and marketing	118.8	88.6	75.8	69.6
General and administrative	57.7	40.3	26.7	25.3
Research and development	61.8	43.5	35.9	29.6
EBITDA [+]	-59.3	-27.4	-30.9	-35.9
EBITDA growth	116.7%	-11.5%	-13.7%
EBITDA margin	-27.3%	-15.5%	-24.2%	-34.3%
Depreciation and amortization	1.1	1.1	1.2	1.2
EBIT [+]	-60.4	-28.4	-32.1	-37.0
EBIT growth	112.3%	-11.4%	-13.3%
EBIT margin	-27.8%	-16.1%	-25.1%	-35.4%
Non-recurring items	6.2
Interest expense	3.6	4.5	4.5	1.9
Interest expense	3.6	4.5	4.5	1.9
Other income (expense), net [+]	5.5	-13.9	-4.6	0.0
Gain (loss) on foreign currency transactions	2.6	-3.8	3.1	-0.1
Other	3.0	0.0	-0.3	0.3
Pre-tax income	-64.6	-46.9	-41.2	-38.9
Income taxes	1.7	0.9	0.6	-2.0
Tax rate				5.1%
Net income	-66.3	-47.8	-41.8	-36.9
Net margin	-30.5%	-27.0%	-32.7%	-35.3%

Basic EPS [+]	($0.78)	($1.14)	($1.74)	($1,571.15)
Growth	-31.8%	-34.3%	-99.9%
Diluted EPS [+]	($0.78)	($1.14)	($1.74)	($1,571.15)
Growth	-31.8%	-34.3%	-99.9%

Shares outstanding (basic) [+]	84.9	41.7	24.0	0.0
Growth	103.4%	74.0%	102020.0%
Shares outstanding (diluted) [+]	84.9	41.7	24.0	0.0
Growth	103.4%	74.0%	102020.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.