v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 23,655 $ 34,390
Restricted cash 3,830 3,547
Commissions and agency fees receivable, net 24,726 36,613
Receivable from franchisees, net 18,531 11,141
Prepaid expenses 14,616 7,552
Total current assets 85,358 93,243
Receivable from franchisees, net of current portion 1,650 2,936
Property and equipment, net of accumulated depreciation 21,766 21,549
Right-of-use asset 31,264 34,087
Intangible assets, net of accumulated amortization 48,364 39,700
Deferred income taxes, net 209,795 216,371
Other assets 8,645 6,978
Total assets 406,842 414,864
Current Liabilities:    
Accounts payable and accrued expenses 30,115 33,629
Premiums payable 3,830 3,547
Lease liability 9,305 8,666
Contract liabilities 2,790 3,241
Notes payable 2,993 2,993
Liabilities under tax receivable agreement 6,237 6,237
Total current liabilities 55,270 58,313
Lease liability, net of current portion 46,160 51,168
Note payable, net of current portion 314,379 289,461
Contract liabilities, net of current portion 11,289 13,025
Liabilities under tax receivable agreement, net of current portion 168,275 165,685
Total liabilities 595,373 577,652
Additional paid-in capital 5,645 37,486
Accumulated deficit (118,402) (133,356)
Total stockholders' equity (112,402) (95,504)
Noncontrolling interests (76,129) (67,284)
Total equity (188,531) (162,788)
Total liabilities and equity 406,842 414,864
Class A common stock    
Current Liabilities:    
Common stock 238 247
Class B common stock    
Current Liabilities:    
Common stock $ 117 $ 119