Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Information

Schedule of revenue by segment

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Vertical Software	$	34,435	$	42,540	$	63,062	$	76,944
Insurance		64,330		28,375		123,072		57,538
Total revenue	$	98,765	$	70,915	$	186,134	$	134,482

Schedule of financial information of reportable segments and reconciliations to consolidated financial information

The following table provides financial information for the two reportable segments and a reconciliation to consolidated financial information for the periods presented.

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Segment Adjusted EBITDA (Loss):
Vertical Software	$	1,816	$	5,652	$	1,420	$	8,536
Insurance		(31,181)		(5,609)		(38,366)		(5,394)
Subtotal		(29,365)		43		(36,946)		3,142
Reconciling items:
Corporate and other		(13,769)		(15,048)		(28,070)		(28,503)
Depreciation and amortization		(6,214)		(6,416)		(12,229)		(12,899)
Non-cash stock-based compensation expense		(6,404)		(9,702)		(13,298)		(15,556)
Restructuring costs		(1,093)		—		(2,077)		—
Acquisition and other transaction costs		(258)		(357)		(386)		(1,322)
Impairment loss on intangible assets and goodwill		(55,211)		—		(57,232)		—
Loss on reinsurance contract (1)		(48,244)		—		(48,244)		—
Non-cash losses and impairment of property, equipment and software		(254)		—		(254)		(70)
Revaluation of contingent consideration		2,656		(1,481)		2,810		(4,686)
Investment income and realized gains		(1,249)		(243)		(2,007)		(440)
Non-cash bonus expense		—		1,526		—		—
Operating loss	$	(159,405)	$	(31,678)	$	(197,933)	$	(60,334)

⁽¹⁾ See Note 16.