Make sure the cream cheese is room temperature, and make sure the heavy cream is very cold. Place cream cheese in the bowl of a stand mixer fitted with the whisk attachment or in a medium mixing bowl if you are using a hand mixer.
Mix the cream cheese until smooth, then add sifted powdered sugar and mix until smooth.
Add cold heavy cream and mix on a low speed until incorporated, then increase the speed to medium-high until the mixture becomes a soft whipped cream texture.
If using a stand mixer, get started on the coffee mixture while the cold foam whips. If using a hand mixer, make the coffee after the cold foam is ready.
Place beet root powder and cocoa powder in the bottom of a drinking glass. If you are using a frother to mix, use a tall drinking glass. Add a small amount of coffee and, using a frother or small whisk, mix until the powders blend into the coffee.
Add creamer and mix again, then add ice and remaining coffee.
Top with cold foam and enjoy!