ForgeRock
Financials
Estimates*
| USD | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Revenues | 104m | 128m | 177m | 218m |
| % growth | - | 22 % | 39 % | 23 % |
| EBITDA | (35.5m) | (31.3m) | (27.4m) | (56.3m) |
| % EBITDA margin | (34 %) | (25 %) | (15 %) | (26 %) |
| Profit | (36.9m) | (41.8m) | (47.8m) | (66.3m) |
| % profit margin | (35 %) | (33 %) | (27 %) | (30 %) |
| R&D budget | 29.6m | 35.9m | 43.5m | 61.8m |
| R&D % of revenue | 28 % | 28 % | 25 % | 28 % |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
$7.0m | Series A | ||
$15.0m | Series B | ||
$30.0m | Series C | ||
* | $88.0m | Series D | |
* | $93.5m | Series E | |
| N/A | $275m Valuation: $2.0b 15.7x EV/LTM Revenues -63.9x EV/LTM EBITDA | IPO | |
* | $2.3b Valuation: $2.3b 13.0x EV/LTM Revenues -83.9x EV/LTM EBITDA | Buyout | |
* | N/A | Post IPO Equity | |
| Total Funding | €212m | ||
Recent News about ForgeRock
EditForgeRock, Inc. (website: forgerock.com) is a prominent player in the digital identity and access management (IAM) market. The company specializes in providing modern IAM solutions that help consumers, employees, and connected devices securely access the digital world. ForgeRock's services are crucial for organizations looking to manage and protect the lifecycle of digital identities, which includes everything from dynamic access controls and governance to API management and data storage in cloud or hybrid environments.
ForgeRock serves a diverse range of clients, including large enterprises, government agencies, and other organizations that require robust security measures to protect sensitive information and ensure seamless access for authorized users. With over 1,300 organizations worldwide relying on its solutions, ForgeRock has established itself as a trusted name in the IAM sector.
The company operates in the global digital identity market, which is growing rapidly due to increasing concerns about cybersecurity and the need for secure digital transformation. ForgeRock's business model is primarily subscription-based, offering its IAM solutions through a Software-as-a-Service (SaaS) platform. This model provides a steady stream of recurring revenue, which is attractive to investors and ensures long-term financial stability.
ForgeRock makes money by charging clients for access to its IAM platform, which includes features like dynamic access controls, identity governance, and API management. Additionally, the company offers premium services such as advanced analytics and artificial intelligence (AI) capabilities, which help organizations enhance their security posture and streamline identity management processes.
In summary, ForgeRock is a key player in the digital identity and access management market, providing essential services to a wide range of clients. Its subscription-based business model and innovative use of AI position it well for continued growth in a rapidly evolving market.
Keywords: Digital Identity, Access Management, IAM, Cybersecurity, SaaS, AI, Cloud, Hybrid Environments, Identity Governance, API Management.