Stockholders' Equity and Warrants (Tables)

6 Months Ended

Jun. 30, 2025

Stockholders' Equity Note [Abstract]

Schedule of Number of Common Shares Issued

The following table shows the number of our common shares that could be issued for each component of our capital structure.

		June 30, 2025	December 31, 2024
Outstanding common shares, excluding shares held by the Reciprocal Segment		103,907	101,458
Outstanding common shares held by the Reciprocal Segment	(1)	18,312	18,312
Outstanding common shares, total		122,219	119,770
Common shares reserved for future issuance:
Private warrants		1,796	1,796
Stock options		3,020	3,181
Restricted and performance stock units and awards (Note 11)		14,301	14,119
2020 Equity Plan pool reserved for future issuance (Note 11)		10,295	7,698
Convertible senior unsecured notes, due 2026	(2)	822	6,950
Convertible senior secured notes, due 2028		13,332	13,332
Convertible senior unsecured notes, due 2030		8,527	—
Total shares of common stock outstanding and reserved for future issuance		174,312	166,846

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(1)Represents shares of common stock held by the Reciprocal as of Homeowners of America (“HOA”) as of December 31, 2024, and held by the Reciprocal as of June 30, 2025 (following the distribution of such shares to the Reciprocal in connection with the sale of HOA to the Reciprocal in the first quarter of 2025).

(2)In connection with the September 16, 2021, issuance of the 2026 Notes, we used a portion of the proceeds to pay for the capped call transactions, which are expected to generally reduce the potential dilution to our common stock. The capped call transactions impact the number of shares that may be issued by effectively increasing our conversion price from $25 per share to approximately $37.74, which would result in approximately 0.5 million potentially dilutive shares instead of the shares reported in this table as of June 30, 2025.