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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 271,003 $ 315,741
Accounts receivable, net 38,474 28,767
Short-term investments 8,165 9,251
Reinsurance balance due 273,971 228,416
Prepaid expenses and other current assets 22,621 14,338
Restricted cash 10,574 8,551
Total current assets 624,808 605,064
Property, equipment, and software, net 9,984 6,666
Operating lease right-of-use assets 6,052 4,504
Goodwill 273,831 225,654
Long-term investments 56,228 58,324
Intangible assets, net 136,575 129,830
Restricted cash, non-current 500 500
Long-term insurance commissions receivable 10,461 7,521
Other assets 1,519 684
Total assets 1,119,958 1,038,747
Current liabilities    
Accounts payable 7,739 6,965
Accrued expenses and other current liabilities 47,967 37,675
Deferred revenue 243,425 201,085
Refundable customer deposit 19,246 15,274
Current portion of long-term debt 150 150
Losses and loss adjustment expense reserves 88,894 61,949
Other insurance liabilities, current 61,516 40,024
Total current liabilities 468,937 363,122
Long-term debt 416,568 414,585
Operating lease liabilities, non-current 3,622 2,694
Earnout liability, at fair value 100 13,866
Private warrant liability, at fair value 926 15,193
Other liabilities (includes $29,858 and $9,617 at fair value, respectively) 30,825 12,242
Total liabilities 920,978 821,702
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 - 99,440,528 and 97,961,597, respectively 10 10
Additional paid-in capital 659,814 641,406
Accumulated other comprehensive loss (4,559) (259)
Accumulated deficit (456,285) (424,112)
Total stockholders' equity 198,980 217,045
Total liabilities and stockholders' equity $ 1,119,958 $ 1,038,747