v3.26.1
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents $ 184,499 $ 123,669
Assumed premiums, commissions and fees receivable, net 433,617 342,136
Prepaid expenses and other current assets 19,592 13,650
Total current assets 1,846,091 1,199,718
Right-of-use assets 81,552 61,976
Other assets 111,257 82,419
Intangible assets, net 1,450,040 978,434
Goodwill 2,652,407 1,517,171
Total assets 6,174,724 3,862,220
Commissions payable 97,040 50,933
Accrued expenses and other current liabilities 294,241 252,560
Total current liabilities 1,720,565 1,032,760
Operating lease liabilities, less current portion 75,128 57,651
Total liabilities $ 4,752,937 $ 2,777,822
Common Class A    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized 300,000,000 300,000,000
Common stock, shares issued 96,368,518 71,779,608
Common stock, shares outstanding 96,368,518 71,779,608
Common Class B    
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized 100,000,000 100,000,000
Common stock, shares issued 43,059,762 46,703,818
Common stock, shares outstanding 43,059,762 46,703,818
Variable Interest Entity, Primary Beneficiary    
Cash and cash equivalents $ 3,324 $ 2,523
Assumed premiums, commissions and fees receivable, net 1,828 1,198
Prepaid expenses and other current assets 157 76
Total current assets 5,309 3,797
Right-of-use assets 75 20
Other assets 5 5
Intangible assets, net 57,300 63,336
Goodwill 50,834 50,834
Total assets 113,523 117,992
Commissions payable 232 77
Accrued expenses and other current liabilities 4,998 4,910
Total current liabilities 5,230 4,987
Operating lease liabilities, less current portion 38 0
Total liabilities $ 5,268 $ 4,987