v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 10,542 $ 8,036
Fiduciary cash 49,852 32,512
Fiduciary receivable 6,103 5,375
Commissions and fees receivable 4,732 4,080
Prepaid expenses and other current assets 1,236 1,309
Income tax receivable 0 1,150
Total current assets 72,465 52,462
Intangible assets, net 447 466
Internally developed software, net 6,141 6,030
Goodwill 3,793 3,793
Deferred tax assets 793 802
Deferred financing asset 1,656 1,746
Total assets 85,296 65,299
Current liabilities:    
Accounts payable 8,690 10,141
Commissions payable 4,660 3,788
Insurance company payables 24,415 18,946
Income tax payable 1,548 0
Accrued expenses 800 977
Premium deposits 31,541 18,941
Total current liabilities 71,654 52,793
Revolving credit facility 227,000 240,000
Total liabilities 298,654 292,793
Stockholders’ deficit:    
Accumulated deficit (507,002) (514,351)
Additional paid-in capital 293,643 286,856
Total stockholders’ deficit (213,358) (227,494)
Total liabilities and stockholders’ deficit 85,296 65,299
Class A Common Stock    
Stockholders’ deficit:    
Common stock value 1 1
Class B Common Stock    
Stockholders’ deficit:    
Common stock value $ 0 $ 0