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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue        
Total revenue $ 61,125 $ 22,067 $ 105,133 $ 39,497
Cost of services 4,140 1,827 7,502 4,322
Gross profit 56,985 20,240 97,631 35,175
Operating expenses        
General and administrative 8,381 14,650 16,593 18,218
Selling and marketing 2,954 1,295 5,351 3,373
Research and development 773 349 1,364 707
Operating income 44,877 3,946 74,323 12,877
Interest expense (1,122) (3,644) (4,411) (4,408)
Interest income 58 44 142 61
Gain on extinguishment of tax receivable agreement 55,422 0 55,422 0
Loss on extinguishment of debt 0 0 (8,778) 0
Change in fair value of contingent consideration 0 (48,802) 0 (48,802)
Other (expense) income (2) 3 (133) 3
Income (loss) before income taxes 99,233 (48,453) 116,565 (40,269)
Provision for income taxes 23,267 1,352 27,737 1,364
Net income (loss) and comprehensive income (loss) 75,966 (49,805) 88,828 (41,633)
Preferred distribution to redeemable convertible Series C preferred units 0 (214) 0 (40,689)
Accretion to redemption value of redeemable convertible Series C preferred units 0 0 0 47,537
Net income (loss) attributable to common stockholders $ 75,966 $ (50,019) $ 88,828 $ (34,785)
Net income (loss) and comprehensive income (loss) per common share        
Basic (in dollars per share) $ 0.60 $ (1.01) $ 0.70 $ (0.80)
Diluted (in dollars per share) $ 0.60 $ (1.01) $ 0.70 $ (0.80)
Weighted average common shares outstanding        
Basic (in shares) 126,230,752 49,547,284 126,515,343 43,589,168
Diluted (in shares) 126,274,197 49,547,284 126,554,082 43,589,168
Program fees        
Revenue        
Total revenue $ 20,597 $ 8,793 $ 35,508 $ 21,505
Profit share        
Revenue        
Total revenue 38,842 12,163 66,572 15,938
Claims administration service fees        
Revenue        
Total revenue $ 1,686 $ 1,111 $ 3,053 $ 2,054