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Revenue (Tables)
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table provides detail of total revenue. Transactional revenue consists of revenue recognized from non-recurring sales or services that do not generate ongoing revenue and primarily includes revenue generated from moving services. Recurring revenue refers to revenue streams that are more predictable and generate revenue from customers on an ongoing basis, including revenue from insurance services management, inspection software, title insurance software, mortgage software, warranty products, and marketing services. Insurance carrier revenue consists of revenue earned through premiums collected on policies, policy fees, and commissions by the Reciprocal.
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Transactional$10,580 $8,310 $26,142 $24,289 
Recurring(1) (2)107,267 69,764 287,284 214,577 
Intercompany revenue(2,773)(382)(6,788)(892)
115,074 77,692 306,638 237,974 
Insurance carrier(2)51,941 49,153 147,288 145,387 
Intercompany revenue(48,933)(15,645)(111,804)(45,874)
Total revenue
$118,082 $111,200 $342,122 $337,487 
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(1)Revenue recognized during the three and nine months ended September 30, 2025 and 2024, includes revenue that is accounted for in accordance with ASC Topic 460, Guarantees, separately from revenue from contracts with customers. Revenue accounted for under ASC Topic 460 was $8.7 million and $9.2 million for the three months ended September 30, 2025 and 2024, respectively, and $25.2 million and $23.5 million for the nine months ended September 30, 2025 and 2024, respectively.
(2)Revenue recognized during the three and nine months ended September 30, 2025 and 2024, includes revenue that is accounted for in accordance with ASC Topic 944, Financial Services-Insurance, separately from the revenue from contracts with customers. Revenue accounted for under ASC Topic 944 was $69.2 million and $64.3 million for the three months ended September 30, 2025 and 2024, respectively, and $207.7 million and $201.5 million for the nine months ended September 30, 2025 and 2024, respectively.
Schedule of the Activity Impacting the Contract Assets
A summary of the activity impacting the contract assets during the nine months ended September 30, 2025, is presented below:
Balance at December 31, 2024$1,426 
Estimated lifetime value of commissions on insurance policies sold by carriers1,718 
Cash receipts(418)
Balance at September 30, 2025$2,726 
Schedule of the Activity Impacting Deferred Revenue and Warranty Revenue
A summary of the activity impacting Software & Data segment deferred revenue balances during the nine months ended September 30, 2025, is presented below:
Balance at December 31, 2024$3,435 
Revenue recognized(12,522)
Additional amounts deferred12,009 
Balance at September 30, 2025$2,922 
The following table provides balances as of the dates shown.
September 30, 2025December 31, 2024
Refundable customer deposits$13,048 $12,598 
Deferred revenue$1,618 $2,751 
Non-current deferred revenue(1)$2,116 $2,433 
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(1)Non-current deferred revenue is included in other liabilities in the unaudited Condensed Consolidated Balance Sheets.