The following tables present the financial results of the Company's reportable segments, along with reconciliations of the segments' total consolidated Adjusted EBITDA to the consolidated net loss for the periods indicated (in thousands):


Three Months Ended June 30, 2025	Integrated Care		BetterHelp		Consolidated
Revenue	$	391,510	$	240,390	$	631,900
Cost of revenue, exclusive of depreciation, amortization, and stock-based compensation (1)	126,387		63,643
Advertising and marketing, exclusive of stock-based compensation (1)			134,292
Other segment expenses (2)	207,673		30,594
Adjusted EBITDA	$	57,450	$	11,861	69,311
Less adjustments to reconcile to consolidated net loss:
Stock-based compensation					22,344
Goodwill impairment					—
Acquisition, integration, and transformation costs					2,658
Restructuring costs					5,692
Amortization of intangible assets					88,664
Depreciation of property and equipment					4,338
Other expense (income), net					(8,371)
Interest expense					4,473
Interest income					(10,064)
Loss before provision for income taxes					(40,423)
Provision for income taxes					(7,763)
Net loss					$	(32,660)


Three Months Ended June 30, 2024	Integrated Care		BetterHelp		Consolidated
Revenue	$	377,421	$	265,023	$	642,444
Cost of revenue, exclusive of depreciation, amortization, and stock-based compensation (1)	117,645		69,100
Advertising and marketing, exclusive of stock-based compensation (1)			135,708
Other segment expenses (2)	195,748		34,762
Adjusted EBITDA	$	64,028	$	25,453	89,481
Less adjustments to reconcile to consolidated net loss:
Stock-based compensation					42,107
Goodwill impairment					790,000
Acquisition, integration, and transformation costs					457
Restructuring costs					1,500
Amortization of intangible assets					94,862
Depreciation of property and equipment					1,703
Other expense (income), net					563
Interest expense					5,648
Interest income					(13,572)
Loss before provision for income taxes					(833,787)
Provision for income taxes					3,884
Net loss					$	(837,671)


Six Months Ended June 30, 2025	Integrated Care		BetterHelp		Consolidated
Revenue	$	780,978	$	480,291	$	1,261,269
Cost of revenue, exclusive of depreciation, amortization, and stock-based compensation (1)	257,395		128,891
Advertising and marketing, exclusive of stock-based compensation (1)			267,264
Other segment expenses (2)	415,754		64,561
Adjusted EBITDA	$	107,829	$	19,575	127,404
Less adjustments to reconcile to consolidated net loss:
Stock-based compensation					47,507
Goodwill impairment					59,138
Acquisition, integration, and transformation costs					4,846
Restructuring costs					10,039
Amortization of intangible assets					172,968
Depreciation of property and equipment					7,902
Other expense (income), net					(10,806)
Interest expense					10,238
Interest income					(22,738)
Loss before provision for income taxes					(151,690)
Provision for income taxes					(26,018)
Net loss					$	(125,672)


Six Months Ended June 30, 2024	Integrated Care		BetterHelp		Consolidated
Revenue	$	754,532	$	534,043	$	1,288,575
Cost of revenue, exclusive of depreciation, amortization, and stock-based compensation (1)	237,958		141,931
Advertising and marketing, exclusive of stock-based compensation (1)			282,705
Other segment expenses (2)	404,872		68,488
Adjusted EBITDA	$	111,702	$	40,919	152,621
Less adjustments to reconcile to consolidated net loss:
Stock-based compensation					84,432
Goodwill impairment					790,000
Acquisition, integration, and transformation costs					830
Restructuring costs					11,173
Amortization of intangible assets					189,919
Depreciation of property and equipment					4,537
Other expense (income), net					933
Interest expense					11,297
Interest income					(27,514)
Loss before provision for income taxes					(912,986)
Provision for income taxes					6,574
Net loss					$	(919,560)

Integrated Care—advertising and marketing expenses, sales expenses, technology and development expenses, and general and administrative expenses, each exclusive of stock-based compensation.