XML 45 R34.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Reporting (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Sep. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Sep. 30, 2025
USD ($)
segment
Sep. 30, 2024
USD ($)
Segment Reporting [Abstract]                
Number of operating segments | segment             1  
Revenue                
Total revenue $ 24,169     $ 23,476     $ 73,872 $ 80,948
Cost of services                
Total cost of services 5,318     6,127     16,911 17,590
Gross profit 18,851     17,349     56,961 63,358
Operating expenses                
Depreciation and amortization             1,757 1,281
Total operating expenses 26,552     15,483     62,724 50,179
Operating income (loss) (7,701)     1,866     (5,763) 13,179
Other income (expense)                
Interest expense (2,432)     (2,962)     (7,440) (8,468)
Interest income 2,363     3,221     7,220 9,278
Other income (expense), net 185     0     185 0
Income (loss) before income taxes (7,585)     2,125     (5,798) 13,989
Income tax expense (benefit) (16)     688     120 4,563
Net income (loss) (7,569) $ 1,034 $ 617 1,437 $ 2,902 $ 5,087 (5,918) 9,426
Program fees                
Revenue                
Total revenue 13,344     14,161     43,487 43,306
Profit share                
Revenue                
Total revenue 8,470     6,822     23,169 30,037
Claims administration and other service fees                
Revenue                
Total revenue 2,355     2,493     7,216 7,605
Reportable Segment                
Revenue                
Total revenue 24,169     23,476     73,872 80,948
Cost of services                
Employee compensation and benefits 1,338     2,203     4,199 6,252
Share-based compensation 108     191     319 435
Depreciation and amortization 316     266     792 412
Other cost of services 3,556     3,467     11,601 10,491
Total cost of services 5,318     6,127     16,911 17,590
Gross profit 18,851     17,349     56,961 63,358
Operating expenses                
Employee compensation and benefits 8,995     7,636     30,737 26,052
Share-based compensation 1,338     1,995     5,307 5,973
Professional fees 1,992     1,949     6,079 6,966
IT services 961     1,038     2,902 3,287
Depreciation and amortization 307     228     965 869
Other 12,959     2,637     16,734 7,032
Total operating expenses 26,552     15,483     62,724 50,179
Operating income (loss) (7,701)     1,866     (5,763) 13,179
Other income (expense)                
Interest expense (2,432)     (2,962)     (7,440) (8,468)
Interest income 2,363     3,221     7,220 9,278
Other income (expense), net 185     0     185 0
Income (loss) before income taxes (7,585)     2,125     (5,798) 13,989
Income tax expense (benefit) (16)     688     120 4,563
Net income (loss) (7,569)     1,437     (5,918) 9,426
Modification of compensation rights, expense 11,000           11,000  
Reportable Segment | Program fees                
Revenue                
Total revenue 13,344     14,161     43,487 43,306
Reportable Segment | Profit share                
Revenue                
Total revenue 8,470     6,822     23,169 30,037
Reportable Segment | Claims administration and other service fees                
Revenue                
Total revenue $ 2,355     $ 2,493     $ 7,216 $ 7,605