Revenue (Tables)

6 Months Ended

Jun. 30, 2022

Revenue

Schedule of disaggregation of revenue

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Vertical Software segment
Software and service subscriptions	$	20,544	$	12,987	$	38,509	$	23,867
Move-related transactions (excluding insurance)		17,535		16,295		29,728		25,256
Post-move transactions		4,734		5,122		9,264		10,219
Total Vertical Software segment revenue		42,813		34,404		77,501		59,342
Insurance segment
Insurance and warranty premiums, commissions and policy fees(1)		27,956		16,936		55,829		18,741
Total Insurance segment revenue		27,956		16,936		55,829		18,741
Total revenue	$	70,769	$	51,340	$	133,330	$	78,083

⁽¹⁾ Revenue recognized during the three and six months ended June 30, 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 $18.2 million and $38.2 million, respectively, 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 commissions on insurance policies sold by carriers		4,848
Cash receipts		(1,645)
Balance at June 30, 2022	$	12,587

Summary of the activity impacting the contract liabilities

	Contract
	Liabilities
Balance at December 31, 2021		15,274
Additions to contract liabilities		17,565
Contract liabilities transferred to revenue		(13,593)
Balance at June 30, 2022	$	19,246

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
Revenue recognized(1)		(6,027)		(97,654)		(103,681)
Additional amounts deferred		5,815		136,728		142,543
Impact of acquisitions		196		5,510		5,706
Balance at June 30, 2022	$	4,241	$	239,184	$	243,425

(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 for the three and six months ended June 30, 2022, earned premiums are presented net of ceded premiums of $83.1 million and $154.8 million, respectively.