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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 292,373 $ 315,741
Accounts receivable, net 29,996 28,767
Short-term investments 8,462 9,251
Reinsurance balance due 239,739 228,416
Prepaid expenses and other current assets 21,087 14,338
Restricted cash 10,162 8,551
Total current assets 601,819 605,064
Property, equipment, and software, net 8,340 6,666
Operating lease right-of-use assets 3,922 4,504
Goodwill 226,576 225,654
Long-term investments 56,865 58,324
Intangible assets, net 124,306 129,830
Restricted cash, non-current 500 500
Long-term insurance commissions receivable 9,061 7,521
Other assets 5,373 684
Total assets 1,036,762 1,038,747
Current liabilities    
Accounts payable 8,016 6,965
Accrued expenses and other current liabilities 35,029 37,675
Deferred revenue 198,857 201,085
Refundable customer deposit 16,686 15,274
Current portion of long-term debt 150 150
Losses and loss adjustment expense reserves 79,608 61,949
Other insurance liabilities, current 43,049 40,024
Total current liabilities 381,395 363,122
Long-term debt 415,002 414,585
Operating lease liabilities, non-current 2,267 2,694
Earnout liability, at fair value 2,687 13,866
Private warrant liability, at fair value 5,004 15,193
Other liabilities (includes $12,822 and $9,617 at fair value, respectively) 15,528 12,242
Total liabilities 821,883 821,702
Commitments and contingencies (Note 12)
Stockholders' equity    
Common stock, $0.0001 par value: Authorized shares - 400,000,000 and 400,000,000, respectively Issued and outstanding shares - 98,297,186 and 97,961,597, respectively 10 10
Additional paid-in capital 647,551 641,406
Accumulated other comprehensive loss (2,774) (259)
Accumulated deficit (429,908) (424,112)
Total stockholders' equity 214,879 217,045
Total liabilities and stockholders' equity $ 1,036,762 $ 1,038,747