v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 22,153 $ 40,921
Accounts receivable, net 5,896 4,452
Commissions receivable - current 207,443 320,399
Prepaid expense and other current assets 25,422 34,639
Total current assets 260,914 400,411
Commissions receivable - non-current 793,174 733,161
Operating lease ROU asset 16,401 19,317
Property, equipment, and capitalized software, net 29,306 29,320
Intangible assets, net 278,983 302,497
Other long-term assets 3,289 3,717
Total assets 1,382,067 1,488,423
Current liabilities:    
Accounts payable 20,297 14,591
Accrued liabilities 82,240 121,346
Commissions payable - current 58,894 98,771
Short-term operating lease liability 4,649 5,705
Deferred revenue 23,670 53,720
Current portion of long-term debt 39,500 39,500
Other current liabilities 4,149 4,419
Total current liabilities 233,399 338,052
Non-current liabilities:    
Commissions payable - non-current 188,477 177,656
Long-term operating lease liability 33,056 34,900
Deferred tax liability 23,407 22,350
Long-term debt, net of current portion 446,400 447,865
Other non-current liabilities 6,324 9,200
Total non-current liabilities 697,664 691,971
Commitments and Contingencies (Note 11)
Stockholders’ equity:    
Preferred stock 0 0
Additional paid-in capital 674,420 669,346
Accumulated other comprehensive income (loss) (205) (151)
Accumulated deficit (427,616) (423,208)
Total stockholders’ equity attributable to GoHealth, Inc. 241,629 241,839
Non-controlling interests 155,457 163,599
Total stockholders’ equity 397,086 405,438
Total liabilities, redeemable convertible preferred stock and stockholders’ equity 1,382,067 1,488,423
Series A Convertible Preferred Stock    
Non-current liabilities:    
Series A redeemable convertible preferred stock — $0.0001 par value; 50 shares authorized; 50 shares issued and outstanding as of both March 31, 2025 and December 31, 2024. Liquidation preference of $55.6 million and $54.6 million as of March 31, 2025 and December 31, 2024, respectively. 53,918 52,962
Class A Common Stock    
Stockholders’ equity:    
Common stock 1 1
Treasury stock – at cost; 384 and 322 shares of Class A common stock as of March 31, 2025 and December 31, 2024, respectively. (4,972) (4,150)
Class B Common Stock    
Stockholders’ equity:    
Common stock 1 1
Series A-1 Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock $ 0 $ 0