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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 95,172 $ 275,332
Restricted cash and cash equivalents 444,019 328,640
Accounts receivable 58,255 46,729
Premiums receivable 100,700 75,297
Commission receivable 60,151 57,596
Prepaid expenses and other current assets 45,651 30,155
Notes receivable 25,493 0
Deferred acquisition costs, net 107,342 81,535
Total current assets 936,783 895,284
Long-Term Assets:    
Prepaid expenses and other non-current assets 37,082 30,565
Notes receivable 11,934 0
Property and equipment, net 25,256 28,363
Lease right-of-use assets 82,398 0
Intangible assets, net 104,024 76,171
Goodwill 115,041 11,488
Total long-term assets 375,735 146,587
TOTAL ASSETS 1,312,518 1,041,871
Current Liabilities:    
Accounts payable 16,282 9,084
Losses payable 55,516 34,482
Provision for unpaid losses and loss adjustment expenses 111,741 74,869
Unearned premiums 235,462 175,199
Commissions payable 77,075 60,603
Due to insurers 68,171 58,031
Advanced premiums 17,084 13,867
Contract liabilities 25,257 21,723
Current lease liabilities 7,556 0
Accrued expenses and other current liabilities 53,211 47,960
Total current liabilities 667,355 495,818
Long-Term Liabilities:    
Accrued expenses 7,952 13,166
Contract liabilities 19,169 19,667
Long-term lease liabilities 80,772 0
Long-term debt 108,280 135,500
Deferred tax liability 12,850 10,510
Warrant liabilities 45,561 89,366
Other long-term liabilities 3,210 7,043
Total long-term liabilities 277,794 275,252
TOTAL LIABILITIES 945,149 771,070
Commitments and Contingencies (Note 24)
Redeemable non-controlling interest (Note 18) 0 593,277
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value (20,000,000 shares authorized, no shares issued and outstanding as of December 31, 2022 and 2021, respectively) 0 0
Additional paid-in capital 549,034 160,189
Accumulated earnings (deficit) (489,602) (482,276)
Accumulated other comprehensive income (loss) (213) (1,727)
Total stockholders' equity: 59,252 (323,781)
Non-controlling interest 308,117 1,305
Total equity (Note 18) 367,369 (322,476)
TOTAL LIABILITIES AND EQUITY 1,312,518 1,041,871
Class A Common Stock    
STOCKHOLDERS' EQUITY    
Common stock 8 8
Class V Common Stock    
STOCKHOLDERS' EQUITY    
Common stock $ 25 $ 25