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November 10 , 2021 ForgeRock ForgeRock Announces Third Quarter 2021 Financial Results • ARR grew 30 % year - over - year to $ 164.0 million • Revenue grew 38 % year - over - year to $ 44.2 million SAN FRANCISCO -- ( BUSINESS WIRE ) -- ForgeRock ( NYSE : FORG ) , a global leader in digital identity , today announced financial results for its third quarter ended September 30 , 2021 . " We are very pleased with the results we achieved in our first quarter as a public company , highlighted by strong ARR and revenue growth , " said Fran Rosch , CEO of Forge Rock . " Identity is critical to digital transformation as more companies recognize the need to deliver both safe and seamless experiences to engage their customers and keep employees productive to grow their businesses . We see these trends continuing into our fiscal fourth quarter , bolstering our confidence that we are well positioned to capitalize on a large and growing market opportunity for enterprise - grade identity . " Third Quarter 2021 Financial Highlights : • ARR : Annualized Recurring Revenue was $ 164.0 million , an increase of 30 % year over - year . • Revenue : Total revenue was $ 44.2 million , an increase of 38 % year - over - year . • Operating Loss : GAAP operating loss was $ 8.8 million , or ( 20 ) % of total revenue , compared to $ 6.7 million , or ( 21 ) % of total revenue , in the third quarter of 2020. Non GAAP operating loss was $ 5.7 million , or ( 13 ) % of total revenue , compared to $ 4.9 million , or ( 15 ) % of total revenue , in the third quarter of 2020 . Net Loss : GAAP net loss was $ 15.3 million , compared to $ 7.8 million in the third quarter of 2020. GAAP net loss per share was $ 0.44 compared to $ 0.32 in the third quarter of 2020. Non - GAAP net loss was $ 12.1 million , compared to $ 6.0 million in the third quarter of 2020. Non - GAAP net loss per share was $ 0.35 , compared to $ 0.25 in the third quarter of 2020 . • Cash Flow : Net cash used in operations was $ 2.0 million compared to $ 5.7 million in the third quarter of 2020. Free cash flow was ( $ 2.2 ) million , or ( 5 ) % of total revenue , compared to ( $ 5.8 ) million , or ( 18 ) % of total revenue , in the third quarter of 2020 . • Cash , cash equivalents and short - term investments were $ 378.1 million as of September 30 , 2021 . Forge Rock uses certain non - GAAP financial measures , which are described further below and reconciled to the most comparable GAAP financial measure after the presentation of our GAAP financial statements . " Our strong third quarter results were highlighted by the growth we are seeing in our large enterprise customer base and our ongoing traction with the ForgeRock Identity Cloud , " said