Revenue (Tables)

3 Months Ended

Mar. 31, 2022

Revenue

Schedule of disaggregation of revenue

	Three Months Ended March 31,
	2022		2021
Vertical Software segment
Software and service subscriptions	$	17,965	$	10,879
Move-related transactions (excluding insurance)		12,193		8,960
Post-move transactions		4,530		5,098
Total Vertical Software segment revenue		34,688		24,937
Insurance segment
Insurance and warranty premiums, commissions and policy fees(1)		27,873		1,805
Total Insurance segment revenue		27,873		1,805
Total revenue	$	62,561	$	26,742

⁽¹⁾ Revenue recognized during the three months ended March 31, 2022 includes revenue from regulated property and casualty insurance entity in the form of insurance premiums, policy fees, ceding commissions, and reinsurance profit sharing of $20.0 million which is accounted for separately from the revenue from contracts with customers.

Summary of the activity impacting the contract assets

	Contract Assets
Balance at December 31, 2021	$	9,384
Estimated lifetime value of insurance policies sold by carriers		2,422
Cash receipts		(753)
Balance at March 31, 2022	$	11,053

Summary of the activity impacting the contract liabilities

	Contract
	Liabilities
Balance at December 31, 2021		15,274
Additions to contract liabilities		7,891
Contract liabilities transferred to revenue		(6,479)
Balance at March 31, 2022	$	16,686

Summary of the activity impacting deferred revenue

	Vertical Software		Insurance		Total
	Deferred Revenue		Deferred Revenue		Deferred Revenue
Balance at December 31, 2021		3,814	$	197,271	$	201,085
Revenue recognized(1)		(5,279)		(91,994)		(97,273)

Additional amounts deferred		5,722		89,323		95,045
Balance at March 31, 2022	$	4,257	$	194,600	$	198,857

(1) In the table above, revenue recognized on earned premiums related to the insurance segment is presented as the gross amount from policy holders excluding the impact of ceded premiums. On the unaudited condensed statements of operations earned premiums are presented net of ceded premiums of $71.7 million.