XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 206,728 $ 258,418
Accounts receivable, net 21,318 24,288
Short-term investments 31,843 35,588
Reinsurance balance due 103,429 83,582
Prepaid expenses and other current assets 17,027 13,214
Deferred policy acquisition costs 16,575 27,174
Restricted cash and cash equivalents 9,950 38,814
Total current assets 406,870 481,078
Property, equipment, and software, net 21,141 16,861
Goodwill 191,907 191,907
Long-term investments 165,935 103,588
Intangible assets, net 73,273 87,216
Other assets 8,138 18,743
Total assets 867,264 899,393
Current liabilities    
Accounts payable 5,145 8,761
Accrued expenses and other current liabilities 46,946 59,396
Deferred revenue 251,777 248,683
Refundable customer deposits 13,126 17,980
Current debt 150 244
Losses and loss adjustment expense reserves 100,610 95,503
Other insurance liabilities, current 73,753 31,585
Total current liabilities 491,507 462,152
Long-term debt 398,882 435,495
Other liabilities 53,918 37,429
Total liabilities 944,307 935,076
Commitments and contingencies (Note 14)
Stockholders' deficit    
Common stock, $0.0001 par value: 10 10
Additional paid-in capital 709,364 690,223
Accumulated other comprehensive loss (1,058) (3,860)
Accumulated deficit (785,359) (722,056)
Total stockholders' deficit (77,043) (35,683)
Total liabilities and stockholders' deficit $ 867,264 $ 899,393