XML 15 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 138,101 $ 83,295
Short-term investments 7,004 9,871
Accounts receivable, net of allowance of $24 and $27, respectively 41,716 36,594
ACO REACH performance year receivable 468,346 95,075
Current assets of discontinued operations (Note 14) 94,467 173,006
Prepaids and other current assets 38,572 36,807
Total current assets 788,206 434,648
Other assets:    
Property, equipment and capitalized software, net 11,108 11,240
Intangible assets, net 68,576 71,064
Other non-current assets 27,790 27,431
Total other assets 107,474 109,735
Total assets 895,680 544,383
Current liabilities:    
Medical costs payable 113,850 124,360
Accounts payable 5,451 6,298
Short-term borrowings 1,000 2,000
ACO REACH performance year obligation 382,478 0
Risk share payable to deconsolidated entity 123,981 123,981
Warrant liability 27,089 29,738
Other current liabilities 75,022 79,200
Total current liabilities 1,064,052 710,228
Total long-term borrowings 207,400 202,614
Other liabilities 17,200 17,649
Total liabilities 1,288,652 930,491
Commitments and contingencies (Note 8)
Redeemable noncontrolling interests 47,769 48,580
Redeemable Series A and B preferred stock 920,417 920,417
Shareholders’ equity (deficit):    
Common stock, $0.0001 par value; $3,000,000,000 shares authorized in 2025 and 2024; $8,927,758 and $8,320,959 shares issued and outstanding in 2025 and 2024, respectively 1 1
Additional paid-in capital 3,105,109 3,099,423
Accumulated deficit (4,454,268) (4,442,529)
Accumulated other comprehensive loss 0 0
Treasury Stock, at cost, $31,526 shares at March 31, 2025, and December 31, 2024, respectively (12,000) (12,000)
Total shareholders’ equity (deficit) (1,361,158) (1,355,105)
Total liabilities, redeemable noncontrolling interests, redeemable preferred stock and shareholders’ equity (deficit) 895,680 544,383
Discontinued Operations    
Current liabilities:    
Current liabilities of discontinued operations (Note 14) 335,181 344,651
Redeemable Series A preferred stock    
Current liabilities:    
Redeemable Series A and B preferred stock 747,481 747,481
Redeemable Series B preferred stock    
Current liabilities:    
Redeemable Series A and B preferred stock $ 172,936 $ 172,936