v3.25.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 9,334 $ 7,699
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 415 585
Amortization of intangibles 4,069 3,054
Stock-based compensation 36,639 26,295
Deferred tax expense 2,671 3,896
Changes in asset and liabilities:    
Accounts receivable (121,497) (79,287)
Prepaid expenses and other current assets (21,344) (1,739)
Other non-current assets and right-of-use asset 1,056 (676)
Accounts payable and accrued expenses (7,687) 2,987
Provider liability 81,185 40,047
Operating lease liabilities (778) (1,531)
Other long-term liabilities (153) 0
Net cash (used in) provided by operating activities (16,090) 1,330
Cash from investing activities    
Business acquisitions, net of cash acquired (89,058) (707)
Other 0 (5,006)
Net cash used in investing activities (89,058) (5,713)
Cash flows from financing activities    
Proceeds from exercised stock options 4,126 1,224
Proceeds from non-controlling interest 0 1,000
Net cash provided by financing activities 4,126 2,224
Net decrease in cash and cash equivalents (101,022) (2,159)
Cash and cash equivalents at beginning of period 491,149 389,511
Cash and cash equivalents at end of period 390,127 387,352
Supplemental disclosure of cash flow information:    
Interest paid 124 156
Income taxes paid 5,771 2,881
Supplemental disclosure of non-cash operating activities:    
Lease liabilities obtained in exchange for right-of-use assets $ 1,832 $ 0