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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue        
Total revenue $ 24,169 $ 23,476 $ 73,872 $ 80,948
Cost of services 5,318 6,127 16,911 17,590
Gross profit 18,851 17,349 56,961 63,358
Operating expenses        
General and administrative 21,062 9,594 43,924 33,318
Selling and marketing 3,440 4,897 11,968 13,260
Research and development 2,050 992 6,832 3,601
Total operating expenses 26,552 15,483 62,724 50,179
Operating income (loss) (7,701) 1,866 (5,763) 13,179
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
Net income (loss) per common share        
Basic (in dollars per share) $ (0.06) $ 0.01 $ (0.05) $ 0.08
Diluted (in dollars per share) $ (0.06) $ 0.01 $ (0.05) $ 0.08
Weighted average common shares outstanding        
Basic (in shares) 118,173,000 119,253,000 118,825,000 119,129,000
Diluted (in shares) 118,173,000 119,481,000 118,825,000 119,428,000
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