v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 25,059 $ 10,929
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,757 5,582
Amortization of debt discounts and issuance costs 595 551
Loss on disposal of fixed assets 0 5
Loss on debt extinguishment 0 771
Impairment expense 0 4,694
Bad debt expense 877 957
Equity-based compensation 10,973 12,253
Deferred income taxes 5,269 (28)
Noncash lease activity (1,806) (1,455)
Cloud computing arrangement implementation costs (1,211) (475)
Changes in operating assets and liabilities:    
Receivable from franchisees (6,304) (119)
Commissions and agency fees receivable 10,715 20,181
Prepaid expenses (7,064) (9,487)
Other assets 62 901
Accounts payable and accrued expenses (2,941) (311)
Contract liabilities (2,187) (552)
Net cash provided by operating activities 38,794 44,397
Cash flows from investing activities:    
Issuance of notes receivable to franchisees 0 (50)
Proceeds from notes receivable to franchisees 110 140
Capitalized software development costs (11,503) (5,697)
Cash consideration paid for asset acquisitions (131) (444)
Proceeds from fixed asset disposals 409 0
Purchase of property and equipment (3,123) (2,317)
Net cash used for investing activities (14,238) (8,368)
Cash flows from financing activities:    
Customer premiums, net 260 (667)
Debt issuance cost 0 (7,929)
Repayment of notes payable (1,496) (93,828)
Proceeds from notes payable 0 299,250
Proceeds from revolving credit facility 26,000 0
Proceeds from the issuance of Class A common stock 347 12,228
Repurchases of Class A common stock (53,754) (529)
Member distributions (6,365) (61,119)
Dividends to stockholders 0 (145,786)
Net cash (used for) provided by financing activities (35,008) 1,620
Net increase (decrease) in cash and cash equivalents, and restricted cash (10,452) 37,649
Cash and cash equivalents, and restricted cash, beginning of period 37,937 57,973
Cash and cash equivalents, and restricted cash, end of period 27,485 95,622
Supplemental disclosure of cash flow data:    
Cash paid for interest 10,761 10,340
Cash paid for incomes taxes, net of refunds $ 529 $ 939