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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Premiums earned, net $ 28,142 $ 3,139 $ 47,316 $ 9,360
Investment income 30 81 85 500
Other revenue 1,829 4,731 27,974 14,499
Total revenue 30,001 7,951 75,375 24,359
Costs and expenses        
Losses and loss adjustment expenses 27,480 4,443 62,383 12,214
Policy servicing expense and other 5,674 4,119 15,172 12,803
Sales, marketing and other acquisition costs 12,332 28 85,552 3,616
Research and development 5,130 1,832 11,898 6,668
Amortization of capitalized software 2,838 2,815 8,190 8,311
Other operating expenses 14,207 3,924 39,534 13,138
Total costs and expenses 67,661 17,161 222,729 56,750
Loss from operations (37,660) (9,210) (147,354) (32,391)
Other expense        
Interest expense 0 1,513 15,974 3,453
Impairment of indefinite-lived intangible assets 117 0 183 0
(Decrease) increase in fair value of stock warrant liability (11,020) (26) 8,133 640
Total other expense (10,903) 1,487 24,290 4,093
Loss before taxes (26,757) (10,697) (171,644) (36,484)
Income tax benefit 0 (67) 0 (67)
Net loss $ (26,757) $ (10,630) $ (171,644) $ (36,417)
Net loss per share, basic (in dollars per share) $ (0.21) $ (1.20) $ (1.56) $ (4.10)
Net loss per share attributable to common stockholders - diluted (in dollars per share) $ (0.21) $ (1.20) $ (1.56) $ (4.10)
Weighted-average shares used in computing basic net loss per share (in shares) 127,166,524 8,888,099 109,988,189 8,882,040
Weighted-average shares used in computing diluted net loss per share (in shares) 127,166,524 8,888,099 109,988,189 8,882,040