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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Revenues:            
Premiums earned, net (Net of ceded premiums of $120 and $126 for the three months ended September 30, 2021 and 2020, respectively; net of ceded premiums of $370 and $383 for the nine months ended September 30, 2021 and 2020, respectively) $ 203,657 $ 167,075 $ 598,390 $ 501,100 $ 665,698 $ 456,926
Direct Contracting revenue 222,647 0 439,020 0    
Other income 859 1,994 2,550 5,555 4,214 801
Total revenues 427,163 169,069 1,039,960 506,655 672,888 462,266
Expenses:            
Net medical claims incurred 436,422 144,846 1,109,375 410,540 590,468 450,645
Salaries and benefits 73,364 16,628 201,555 57,339 71,256 91,626
General and administrative expenses 45,749 29,847 129,983 79,798 120,444 94,757
Premium deficiency reserve expense (benefit) 20,761 (772) 48,661 (16,357) (17,128) 7,523
Depreciation and amortization 120 138 398 413 555 551
Other expense 0 0 191 0 0 363
Total expenses 576,416 190,687 1,490,163 531,733 765,595 645,465
Loss from operations (149,253) (21,618) (450,203) (25,078) (92,707) (183,199)
Change in fair value of warrants expense (115,152) 20,029 (66,146) 31,903 80,328 2,909
Interest expense 413 9,268 2,817 25,560 35,990 23,155
Amortization of notes and securities discounts 13 4,408 13,681 14,935    
(Gain) loss on derivative 0 (68,081) 0 (87,475) (93,751) 138,561
Net loss $ (34,527) $ 12,758 $ (400,555) $ (10,001) $ (136,392) $ (363,737)
Per share data:            
Net (loss) income per share attributable to common stockholders - basic (in dollars per share) $ (0.08) $ 0.06 $ (0.98) $ (0.11) $ (1.54) $ (4.14)
Net (loss) income per share attributable to common stockholders - diluted (in dollars per share) $ (0.08) $ 0.02 $ (0.98) $ (0.11) $ (1.54) $ (4.14)
Weighted average number of common shares outstanding            
Basic weighted average number of common shares and common shares equivalents outstanding (in shares) 414,572,706 88,863,244 410,417,493 88,616,116 88,691,582 87,829,419
Diluted weighted average number of common shares and common shares equivalents outstanding (in shares) 414,572,706 248,133,335 410,417,493 88,616,116 88,691,582 87,829,419
Unrealized (loss) gain on available-for-sale investments $ (197) $ (611) $ (620) $ 718 $ (36) $ 46
Comprehensive loss $ (34,724) $ 12,147 $ (401,175) $ (9,283) $ (136,428) $ (363,691)