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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 179,357 $ 215,060
Accounts receivable, net 23,600 26,438
Short-term investments 34,441 36,523
Reinsurance balance due 292,775 299,060
Prepaid expenses and other current assets 30,834 20,009
Restricted cash 14,796 13,545
Total current assets 575,803 610,635
Property, equipment, and software, net 13,727 12,240
Operating lease right-of-use assets 4,151 4,201
Goodwill 247,118 244,697
Long-term investments 58,678 55,118
Intangible assets, net 101,753 108,255
Long-term insurance commissions receivable 13,140 12,265
Other assets 2,346 1,646
Total assets 1,016,716 1,049,057
Current liabilities    
Accounts payable 6,200 6,268
Accrued expenses and other current liabilities 38,856 39,742
Deferred revenue 246,502 270,690
Refundable customer deposits 20,984 20,142
Current debt 10,392 16,455
Losses and loss adjustment expense reserves 115,527 100,632
Other insurance liabilities, current 78,422 61,710
Total current liabilities 516,883 515,639
Long-term debt 425,383 425,310
Operating lease liabilities, non-current 2,585 2,536
Earnout liability, at fair value 44 44
Private warrant liability, at fair value 362 707
Other liabilities (includes $24,198 and $24,546 at fair value, respectively) 26,183 25,468
Total liabilities 971,440 969,704
Commitments and contingencies (Note 12)
Stockholders' equity    
Common stock, $0.0001 par value: Authorized shares - 400,000,000 and 400,000,000, respectively Issued and outstanding shares - 97,018,032 and 98,455,838, respectively 10 10
Additional paid-in capital 677,426 670,537
Accumulated other comprehensive loss (5,296) (6,171)
Accumulated deficit (626,864) (585,023)
Total stockholders' equity 45,276 79,353
Total liabilities and stockholders' equity $ 1,016,716 $ 1,049,057