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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue      
Total revenue $ 215,655 $ 108,892 $ 92,847
Cost of services 18,621 9,786 7,806
Gross profit 197,034 99,106 85,041
Operating expenses      
General and administrative 30,393 32,584 13,774
Selling and marketing 12,000 7,841 7,482
Research and development 4,352 1,964 1,170
Operating income 150,289 56,717 62,615
Interest expense (5,859) (11,601) (322)
Interest income 213 202 24
Gain on extinguishment of tax receivable agreement 55,422 0 0
Loss on extinguishment of debt (8,778) 0 0
Change in fair value of contingent consideration 0 (131,932) 0
Other (expense) income (119) (4,377) 197
Income (loss) before income taxes 191,168 (90,991) 62,514
Income tax expense (benefit) 45,086 6,573 (30)
Net income (loss) and comprehensive income (loss) 146,082 (97,564) 62,544
Preferred distribution to redeemable convertible Series C preferred units 0 (40,689) (11,058)
Accretion to redemption value of redeemable convertible Series C preferred units 0 47,537 (163,425)
Net income (loss) attributable to common stockholders $ 146,082 $ (90,716) $ (111,939)
Net income (loss) and comprehensive income (loss) per common share      
Basic (in dollars per share) $ 1.16 $ (1.09) $ (2.97)
Diluted (in dollars per share) $ 1.16 $ (1.09) $ (2.97)
Weighted average common shares outstanding      
Weighted average common shares (in shares) 126,354,597 82,908,772 37,631,052
Diluted (in shares) 126,390,435 82,908,772 37,631,052
Profit share      
Revenue      
Total revenue $ 133,215 $ 60,392 $ 53,038
Program fees      
Revenue      
Total revenue 75,630 43,995 36,667
Claims administration and other service fees      
Revenue      
Total revenue $ 6,810 $ 4,505 $ 3,142