Revenue (Tables)

9 Months Ended

Sep. 30, 2022

Revenue

Schedule of disaggregation of revenue

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Vertical Software segment
Software and service subscriptions	$	17,529	$	15,238	$	55,165	$	38,716
Move-related transactions (excluding insurance)		21,569		21,576		51,155		46,742
Post-move transactions		5,365		5,473		15,644		16,171
Total Vertical Software segment revenue		44,463		42,287		121,964		101,629
Insurance segment
Insurance and warranty premiums, commissions and policy fees(1)		30,903		20,482		86,732		39,223
Total Insurance segment revenue		30,903		20,482		86,732		39,223
Total revenue	$	75,366	$	62,769	$	208,696	$	140,852

⁽¹⁾ Revenue recognized during the three and nine months ended September 30, 2022, includes revenue of $19.1 million and $56.4 million, respectively, which is accounted for separately from the revenue from contracts with customers. Revenue recognized during the three and nine months ended September 30, 2021, includes revenue of $11.2 million and $19.9 million, respectively, which is accounted for separately from the revenue from contracts with customers.

Summary of the activity impacting the contract assets

	Contract Assets
Balance at December 31, 2021	$	9,384
Estimated lifetime value of commissions on insurance policies sold by carriers		7,580
Cash receipts		(2,748)
Balance at September 30, 2022	$	14,216

Summary of the activity impacting the contract liabilities

	Contract
	Liabilities
Balance at December 31, 2021	$	15,274
Additions to contract liabilities		25,952
Contract liabilities transferred to revenue		(21,359)
Balance at September 30, 2022	$	19,867

Summary of the activity impacting deferred revenue

	Vertical Software		Insurance		Total
	Deferred Revenue		Deferred Revenue		Deferred Revenue
Balance at December 31, 2021	$	3,814	$	197,271	$	201,085
Revenue recognized(1)		(5,279)		(91,994)		(97,273)
Additional amounts deferred		5,722		89,323		95,045
Balance at March 31, 2022		4,257		194,600		198,857
Revenue recognized(1)		(6,027)		(97,654)		(103,681)
Additional amounts deferred		5,815		136,728		142,543
Impact of acquisitions		196		5,510		5,706
Balance at June 30, 2022		4,241		239,184		243,425
Revenue recognized(1)		(5,674)		(112,911)		(118,585)
Additional amounts deferred		5,733		147,043		152,776
Balance at September 30, 2022	$	4,300	$	273,316	$	277,616

(1) In the table above, revenue recognized on earned premiums related to the insurance segment is presented as the gross amount from policy holders excluding the impact of ceded premiums. On the unaudited condensed statements of operations for the three and nine months ended September 30, 2022, earned premiums are presented net of ceded premiums of $94.0 million and $248.8 million, respectively.