v3.26.1
Revenue (Tables)
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The table below depicts the disaggregation of revenue and is consistent with how the Company evaluates its financial performance:
Three months ended Mar. 31,
(in thousands)20262025
Medicare Revenue
Medicare Agency Revenue
Commission Revenue(1)
$9,775 $167,109 
Partner Marketing and Other Revenue20 20,524 
Total Medicare Agency Revenue
9,795 187,633 
Medicare Non-Agency Revenue
200 31,771 
Total Medicare Revenue9,995 219,404 
Other Revenue
Other Non-Agency Revenue
1,764 1,283 
Other Agency Revenue
$155 $285 
Total Other Revenue
1,919 1,568 
Total Net Revenues$11,914 $220,972 
(1)Commission revenue excludes commissions generated from the sale of individual and family plan insurance products.
Schedule of Commissions Receivable Activity
Commissions receivable activity is summarized as follows:
Three months ended Mar. 31,
(in thousands)20262025
Beginning balance$925,171 $1,053,560 
Commission revenue(1)
8,900 170,537 
Cash receipts(81,688)(223,515)
Allowance for credit loss— 35 
Ending balance$852,383 $1,000,617 
Less: Commissions receivable - current214,558 207,443 
Commissions receivable - non-current$637,825 $793,174 

(1)Commission revenue includes commissions generated from the sale of individual and family plan insurance products.
Schedule of Revenue by Major Customers by Reporting Segments
The following table presents health plan partners representing 10% or more of the Company’s total net revenues for the periods indicated:
Three months ended Mar. 31,
20262025
Elevance Health54.5 %11.5 %
United
21.0 %37.4 %
Colonial Penn
13.2 %— %
Centene2.1 %10.6 %
Humana
— %29.2 %